There’s a fair bit of activity in the investment companies IPO market at the moment. Existing funds are raking in cash too and fighting for attention can be hard. This week saw the successful launch of Castlenau Group (a fund investing in UK companies that bears a lot of similarity with Aurora Investment Trust, not […]
Castlenau launch goes to plan – Castelnau Group Limited, a new investment company established to invest in public and private companies with the aim of outperforming the All Share on a total return basis over the long term, has successfully raised gross proceeds of £53.1m from its initial issue of shares. A substantial part of the […]
Dramatic recovery for TR European Growth Over the year ended 30 June 2021, the NAV total return per share for TR European Growth was 63.5%, an outperformance against the benchmark of 27.0%. The share price total return per share was even better at 79.5%. Despite COVID, the revenue generated by the portfolio rose from £9.1m […]
Baillie Gifford Japan celebrates 40th birthday in style – Over the year to 31 August 2021, The Baillie Gifford Japan Trust NAV total return was 20.9%, well-ahead of the benchmark (TOPIX) which returned 16.3%. The discount, which started the year at 2.7%, moved to a premium of 1.1% and shareholders got a return of 25.7%. […]
In QuotedData’s morning briefing 14 October 2021: Downing Renewables & Infrastructure Trust (DORE) raised £14.87m from its placing and the PrimaryBid offer, almost all of which came from the placing. The investment manager is also currently exploring options to optimise the existing capital structure, including the inception of a revolving credit facility. At 30 September […]
Pantheon Infrastructure has published its prospectus. We are giving you access to it here. QuotedData/Marten & Co are playing no part in the launch. Application forms are towards the back of the document. Access to the IPO is restricted by geography. In particular, you should not be accessing this from the USA. Please ensure that […]
In QuotedData’s morning briefing 12 October 2021: Shareholders approved the liquidation of St Peter Port Capital (SPPC) yesterday. The company was launched in April 2007 to invest in pre-IPO companies but was caught holding a lot of resource companies that didn’t IPO when expected. Partners Group says that its funds, including Princess Private Equity (PEY), […]
Downing Renewables & Infrastructure has announced, a conditional offer for subscription via the PrimaryBid platform. Investors can subscribe for new shares at an issue price of 102.5p. The issue price is a 1.68% discount to the closing share price of 104.25p on 28 September 2021 (the last business day before the proposed equity raise was […]
QD view – 7% yield opportunity, but read the small print As we have discussed before, many investors struggle to buy shares in funds that are listed on the Specialist Fund Segment. There are also a few platforms that have a problem with funds that are listed in London but whose quote is in a […]
In QuotedData’s morning briefing 7 October 2021: JZ Capital Partners has agreed with its existing senior lenders to borrow a further amount of $16.0m under its senior secured debt facility. This is a ‘first out loan’ which means it gets repaid first as the company frees up cash from its portfolio. The interest rate is […]
