For the 12 months ended 31 July 2021, Henderson Eurotrust generated a share price total return of 25.8% and an NAV total return of 22.3%. These lagged the return on the company’s benchmark, the FTSE World Europe (ex UK) Index which returned 26.6%. The dividend is being maintained at 25.0p using £1.8m (based on the […]
Fidelity Emerging manager welcomes investors Fidleity Emerging has published this introductory letter. Dear Shareholders and potential investors, Following the EGM held on Friday, Chris Tennant (Co-Portfolio Manager) and I, are delighted to have been asked to take over the management of the newly named Fidelity Emerging Markets Limited (“FEML”). We would like to thank you […]
Bluefield Solar pushing ahead with subsidy-free development as it announces fairly solid results in what was a turbulent year. Bluefield Solar has published its annual results covering the 12-month period ended 30 June 2021. At the year end the NAV was 115.83p down from 117.01p a year earlier. The share price fell from 134.5p to […]
Schroder British Opportunities off to a good start – Schroder British Opportunities Trust, managed by Rory Bateman and Tim Creed, has published its first results, covering the period from its incorporation on 21 September 2020 to 30 June 2021. The trust has got off to a good start with NAV growth of 10.6% over the seven […]
In QuotedData’s morning briefing 5 October 2021: Following shareholder approval, BioPharma Credit (BPCR) is transferring to a listing on the Official List of the Financial Conduct Authority and to trading on the Premium Segment of London Stock Exchange’s Main Market. It has also created a sterling line of stock – ticker BPCP – which will […]
Greencoat Renewables announces expansion programme – Greencoat Renewables has announced a 12-month share issuance programme of up to 400m new shares. These may be issued in a number of tranches. The proceeds will be used to pursue a growing pipeline of opportunities in continental Europe and Ireland. Today, it has launched an initial placing at €1.11 […]
Schroders and SEGRO swap property – SEGRO and Schroders have completed a property swap transaction in which SEGRO has acquired from Schroders a 256,000 sq ft urban warehouse estate in West London for £140m and Schroders has acquired from SEGRO a portfolio of UK big box and urban assets totalling 880,000 sq ft for £205m. The […]
Strategic Equity Capital focused on discount narrowing Strategic Equity Capital generated a return on NAV of 46.8% for the 12 months ended 30 June 2021 and a return to shareholders of 59.9% as its discount narrowed. The FTSE Small Cap ex Investment Trusts Index increased by 65.2%. The majority of the relative NAV underperformance was […]
Ashoka India benefits from India’s resurgence – Over the year ended 30 June 2021, Ashoka India Equity Investment Trust returned 52.6% in NAV terms, outperforming its benchmark index, the MSCI India IMI, which returned 45.2%. The share price stood at 162.5p at the year end, a 2.3% premium to NAV. As at 28 September 2021, the […]
JPMorgan Emerging Markets extends record of outperformance – over the 12 months ended 30 June 2021, the trust’s return to shareholders was 36.2% and the return on net assets 32.7%. This compares to 26.0% for the MSCI Emerging Markets index. The chairman notes that most of the outperformance came in the first half of the […]
