The independent directors of The Lindsell Train Investment Trust have decided to change the way that the trust values its stake in the management company. It will apply to monthly valuations starting on 31 March 2022. The board is aiming to capture the changing economics and prospects for the asset management business. It is designed […]
In QuotedData’s morning briefing 7 April 2022: Augmentum Fintech (AUGM) is getting a boost from a series C financing round for Grover (a Berlin-based consumer tech platform). Grover has raised $330m in equity and debt. Augmentum will write up the value of its stake by £24.1m (more than double – Augmentum first invested in Grover […]
Impax Environmental Markets has published results covering the 12 months ended 31 December 2021. Over the year the trust generated an NAV return of 21.3% and a return to shareholders of 30.1%, both well-ahead of the MSCI AC World Index and the Environmental Technology 100 Index – up 19.6% and 13.1%, respectively. This reflects a […]
In QuotedData’s morning briefing 5 April 2022: Digital 9 Infrastructure (DGI9) has completed the acquisition of Leeson Telecom (Host Ireland), a leading enterprise broadband provider in Greater Dublin. The purchase price was about €60m. Host Ireland owns and operates the highest capacity licensed microwave-based Fixed Wireless Access network in Greater Dublin. It provides high quality, […]
BH Macro – eventful and dull at the same time – BH Macro’s chair says that “To say that last year was an eventful year for BH Macro Limited would be an understatement, both for long-term shareholders in BH Macro Limited and for shareholders in the former BH Global Limited.” The merger of the two […]
Invesco Bond Income Plus publishes first results – In May 2021 the shareholders of both City Merchants High Yield Trust Limited (CMHY) and Invesco Enhanced Income Limited (IPE) voted in favour of a proposal to merge the two companies. The company has just published its first results as a combined entity. The shares returned 4.2% […]
2021 was a difficult year for small cap biotech and this shows in RTW Venture’s results. Over the course of the year, the NAV fell by 13% and the share price by 5%. That compares to a 1% return on the NASDAQ Biotech Index and a -27% return on the Russell 2000 Biotech Index (which […]
Over the course of 2021, BBGI Global Infrastructure’s NAV increased from 137.8p to 140.7p and it declared dividends totalling 7.33p, in line with its target. The company has set out dividend targets for the next three years – 7.48p for 2022, rising to 7.63p in 2023 and 7.78p in 2024. It is 10 years since […]
2021 was a great year for Nippon Active Value. It generated a total return on net assets of 22.3%, well ahead of the -1.4% return posted by the MSCI Japan Small Cap Index. A narrower discount meant that shareholders got a return of 26.8%. There is a dividend of 1.95p – up from 0.85p – […]
In QuotedData’s morning briefing 31 March 2022: HICL Infrastructure plans to sell its 100% interest in the Queen Alexandra Hospital PFI Project to InfraRed European Infrastructure Income Fund 4. HICL would get £108m and a 1.5p increase in its NAV. The hospital has over 7,200 staff and 1,200 beds, that serves over 675,00 residents across […]
