AVI asks Third Point Investors to tackle its discount – Asset Value Investors, managers of AVI Global Trust, have written to the directors of Third Point Investors, the London-listed hedge fund, to ask them to convene a general meeting at which a resolution would be put to shareholders: THAT the existing investment policy of the […]
The Liontrust ESG Trust prospectus is out and, as promised, we are making it available here. As always, we are not recommending that you buy the shares. In fact we are not acting in any capacity with respect to the IPO. The prospectus is just provided for your convenience. There are geographic restrictions on who can invest in the […]
RTW Venture backs NiKang Therapeutics Series C – NiKang Therapeutics, Inc announced on 26 May 2021 that it had completed a $200m Series C financing round. RTW Venture alongside other investment vehicles of RTW Investments, LP participated in the financing round. Investors in the Series C include Cormorant Asset Management, HBM Healthcare Investments and Octagon Capital; syndicates of funds, […]
Sharp falls in retail property hit British Land – Over the year ended 31 March 2021, British Land’s NAV fell by 16.3% to 648p. The full year dividend totalled 15.04p, based on 80% of its earnings per share, pre-COVID the dividend for the year ended 31 March 2019 was 31.0p. Headlines are: Financial performance reflects the […]
Flat year for HICL Infrastructure – HICL Infrastructure has published results for the year ended 31 March 2021. The NAV was flat at 152.3p and the NAV total return for the year was 5.5%. The company met its 8.25p dividend target for the year and says that it hopes to maintain it at this level for […]
JLEN gets an ESG-linked credit facility – JLEN Environmental has agreed a new committed multicurrency revolving credit facility (RCF) of £170m and an uncommitted accordion facility of up to £30m. The money can be borrowed in both sterling and euros and at lower interest rates than the existing facility. The innovative thing is that the interest that […]
In QuotedData’s morning briefing 26 May 2021: AVI Global produced an NAV return of 26.8% and a share price return of 29.1% over the six months ended 31 March 2021. These numbers compare well to the 13.5% return on the trust’s benchmark and help make it one of the best performing funds in its sector over […]
QD view – warm fuzzy feelings? Alphabet soup time ESG (environmental, social and governance) comes up a lot in the investment world currently. There are good reasons for that. The UK government said last year that it wants to make climate-related disclosures mandatory, in line with recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). […]
JLEN invests in Italian waste-to-energy plant – JLEN Environmental Assets Group has bought a 45% equity stake in Energie Tecnologie Ambiente S.r.l. (ETA). ETA is a 16.8MW energy-from-waste power plant. The plant processes refuse derived fuel (RDF) and is located in the municipality of Manfredonia, in the Apulia region of southern Italy (website, in Italian, here). […]
In QuotedData’s morning briefing 18 May 2021: Syncona highlights results from one of its holdings – Freeline. Its chief executive says they are encouraged by the progress seen in patient identification and screening in its FLT190 Phase 1/2 dose-finding trial for the treatment of Fabry disease; they are advancing their FLT201 programme for the treatment of Gaucher […]
