The Schiehallion Fund has published results for the year ended 31 January 2022. The ordinary share price and net asset value per ordinary share returned 17.8% and 7.6%, respectively. From their admission to trading on 26 April 2021 to 31 January 2022, the C share price and net asset value return was -4.8% and -2.0%, […]
Gore Street looking for £75m – Gore Street Energy Storage is proposing to raise £75m by issuing 68,181,818 new shares at a price of 110p per share by way of an initial placing, initial offer for subscription and initial intermediaries offer. The initial issue could be upscaled subject to demand and the board’s discretion. The issue […]
Hidroelectrica IPO going ahead – great news for Fondul – On 28 March 2022, the Ministry of Energy in Romania, the majority shareholder of S.P.E.E.H. Hidroelectrica S.A., confirmed its agreement to hold a shareholders’ meeting of the company to approve the initiation of the listing of the company’s shares on the Bucharest Stock Exchange following […]
In QuotedData’s morning briefing 29 March 2022 Pershing Square (PSH) is to start paying an enhanced dividend; beginning with the second quarter dividend and for the remainder of the calendar year 2022, the company will increase its quarterly dividend by 25% to $0.125 per share. The intended policy in future years will be to pay […]
Ross Teverson departs Jupiter as fund edges towards oblivion – On 8 March 2022, Jupiter Emerging & Frontier Markets announced its intention to put forward proposals for a members’ voluntary liquidation of the company. The board says that it is working on formal proposals to put to shareholders in the coming weeks. It also says that […]
Foresight Sustainable Forestry fully invested – Foresight Sustainable Forestry Company has bought two afforestation sites, Burn of Bellyhack and Red Craig & Glen Burn. The sites are both located in Aberdeenshire, Scotland, and have a total area of 359 hectares, increasing the total area of the portfolio to 8,474 hectares. The pair of properties were acquired […]
New conditional tender for Aberdeen New India – The board of Aberdeen New India Investment Trust intends to introduce a five-yearly performance-related conditional tender offer. The board is concerned about the relative underperformance of the NAV over shorter term time periods compared to its benchmark, the MSCI India Index. Following discussions with the investment manager, the […]
GCP Asset Backed Income has announced results for 2021. Highlights are: Dividends of 6.30p declared, including a dividend of 1.575p for the quarter to 31 December 2021, which was paid post year end. Total shareholder return of 13.2%, total NAV return of 3.4% and an annualised total shareholder return since IPO of 5.3%. Profit for […]
SDCL Energy Efficiency wants £75m – SDCL Energy Efficiency Income Trust has announced a proposed placing to raise £75m through an issue of new ordinary shares. The placing will be non pre-emptive (existing shareholders don’t get any preferential treatment). Jefferies International Limited has commenced a book-building process to determine the level of demand from potential investors for participation […]
US Solar Fund says its NAV increased by 1% over the course of 2021 to $0.975. Dividends totaling 5.5 cents were declared for the year and these were covered 1.82x by cash. The company is targeting a dividend of 5.58 cents for 2022. The statement says that the NAV uplift reflects the impact of useful […]
