JPMorgan Russian narrowly avoids need for tender – JPMorgan Russian Securities has published results for the 12-month period ended 31 October 2021. Over that period, the return on a net assets basis was +61.0%, and +65.8%, on a return to shareholder basis – good but underperforming the company’s benchmark by 9.3% and 4.5% respectively. The dividend […]
Good progress at Foresight Sustainable Forestry – The purchase of Foresight Sustainable Forestry’s seed assets portfolio is said to be progressing and is expected to complete next month. The line-up of assets that the fund plans to buy has been tweaked so that the portfolio should comprise 26 assets in total (covering 8,000 hectares) including […]
In QuotedData’s morning briefing 25 January 2022: JPMorgan European has secured permission from investors to merge the growth (JETG) and income (JETI) share pools. The unification will create a single class of ordinary shares, which will each have an NAV of 100p as determined at 5:00 p.m. on 31 January 2022. The resulting number of […]
Bluefield buys Good Energy portfolio – Bluefield Solar has bought a 47.5 megawatt peak (MWp) operational solar and wind portfolio from Good Energy Group Plc (GOOD LN). The portfolio was bought for an initial equity consideration of £16.4m, which could rise to a total of £24.5m if a series of due diligence milestones are met […]
In QuotedData’s morning briefing 20 January 2022: Fondul Proprietatea (FP.) has sold 2,275,000,000 shares that it held in the Romanian energy business, OMV Petrom. The deal was done using an accelerated bookbuild offering at RON0.43 /share. The gross proceeds were RON978,250,000 (£164.8m) and will be used to fund the buyback programme and the payment of […]
In QuotedData’s morning briefing 18 January 2022: TR European Growth Trust (TRG) is changing its name. With effect from 17 January 2022, the trust is now The European Smaller Companies Trust. The ticker will change to ESCT from tomorrow. [And so a chapter of investment trust history edges closer to closure. The TR (short for […]
Quality focus unhelpful for BlackRock Income and Growth – Over the year to 31 October 2021, BlackRock Income & Growth achieved an NAV return of 30.4% and a return to shareholders of 22%, both behind the 35.4% return generated by the All-Share index. The dividend was mainatained at 7.2p and once again this was not covered […]
Digital 9 buys Irish wireless network – Digital 9 Infrastructure says that its subsidiary, Digital 9 Wireless has signed a conditional sale and purchase agreement to buy a majority (56%) stake in Tetra Ireland Communications, the exclusive operator of public safety wireless networks across the Republic of Ireland. The total price is about €76m and […]
HydrogenOne looking for more money – HydrogenOne Capital Growth launched in July 2021, raising £107m. It is excited about progress in the development of its sector. It highlights policies such as the phase out of diesel in UK heavy goods vehicles by 2035-40 as one of many similar policy shifts that further support the hydrogen […]
Infrastructure India gets two more months – Infrastructure India says that, since it announced in its interim results that forecasts indicated that the company did not have sufficient cash reserves to meet creditors as they fall due beyond January 2022, it has agreed with certain creditors that they will withhold demanding payment for invoices falling […]
