In QuotedData’s morning briefing 3 April 2025: We also have: Did you see from yesterday?
Baillie Gifford China’s results for the 12 months ended 31 January 2025 saw its NAV total return recover to 35.4%, ahead of its benchmark which returned 32.4%. Unfortunately, a wider discount meant that the share price return was 29.4%. However, the trust still has some way to go to make up earlier underperformance. Over the […]
Pantheon Infrastructure’s annual results cover the year ended 31 December 2024. It was a good year for the trust with a NAV return of 14.3% and a share price return of 11.5%. The dividend was raised to 4.2p from 4.0p. That was not covered by cash flow – cash cover was 0.7x [but that reflects […]
In QuotedData’s morning briefing 1 April 2025: AVI Japan Opportunity (AJOT) has expanded its debt facility with the Bank of Nova Scotia to JPY 6.6bn (about £34.5m) from JPY 2.93bn. Maximum gearing is expected to be approximately 15% of its net assets, based on the total net assets as of 28 March 2025, and within […]
It has been a dramatic turn of events for the US over the past month. Having long defied the recession bells, which have been ringing for the majority of the world’s developed markets, growth expectations in the US have dropped significantly as President Trump’s scattergun trade polices begin to torpedo the economy. Multiple large US […]
The Board of Directors of DP Aircraft I Limited (the “Group”) is pleased to announce that its two new subsidiaries DP Aircraft Ireland MSN 35320 Limited and DP Aircraft Ireland MSN 36110 Limited (the “New Subsidiaries”) have entered into new 12-year lease agreements with LOT Polish Airlines (“LOT”), Poland’s state-owned airline, for the Group’s two […]
India Capital Growth’s results for the 12 months ended 31 December 2024 show an NAV return of 16% and share price return of 11.3% (as the discount widened from 3.9% to 7.9%). [The chair describes 2024 as a strong year for the company – which it was in absolute terms – but while the chair’s […]
Fidelity Japan’s results for 2024 show marked underperformance of its benchmark, with a NAV return of -1.8% and share price return of -5.7% against +10.0% for the TOPIX. The chair says “this now means that the three and five year returns for the company are disappointingly behind the Index and have also lagged competitor funds.” […]
Montanaro European Smaller Companies has announced three strategic initiatives designed to strengthen the investment proposition and deliver value for all shareholders. These are: Regular 5% tender offers targeted at improving liquidity Active share buy back policy aimed at reducing the volatility of the discount Reduced management fees Regular tender offers to improve liquidity: Conscious of […]
M&G Credit Income delivered a return of 8.08% over 2024, compared to a benchmark return of 9.50%. The share price total return was 14.6%, however, as the shares moved from trading on a 4.2% discount to a 1.6% premium. The dividend was upped from 7.96p to 8.53p. Some of that came from capital as the […]
