There seems to be a bit more activity in the new issue market for investment companies. We have seen the announcement of intentions to float from Taylor Maritime, Liontrust ESG and Aquila Energy Efficiency. This week, I got to meet the people behind the Aquila fund. £150m target Aquila is aiming to raise £150m from […]
The Taylor Maritime Investments 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 […]
The Aquila Energy Efficiency 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 […]
JPMorgan Multi-Asset Growth & Income has published results for the year ended 28 February 2021. The NAV return for the period was 4.1%, a little behind the old performance benchmark of LIBOR +4.5% (which worked out at 4.8% for the period). The board has proposed a number of changes, including a new benchmark, which we […]
No dividend but good performance from North Atlantic Smaller – North Atlantic Smaller Companies has announced results for the year ended 31 January 2021. The net asset value per share rose by 20.7% as compared to a rise in the sterling adjusted S&P Composite of 10.9%. The share price rose from 3400p to 3850p. The company’s revenue account […]
In QuotedData’s morning briefing 11 May 2021: CVC Credit Partners European Opportunities has announced the results of its latest tender offer – 5,926,910 Euro shares and 8,710,330 Sterling shares were tendered – the tender prices are €0.9932 and £1.0521. These should be settled in full. Riverstone Energy successfully completed its last buy back programme – repurchasing […]
I was playing with the QuotedData data pages this week – looking at factors such as widest discounts and highest yields – then I alighted on the 10-largest funds by market cap and I have to admit that some names on that list were a surprise to me. Fortunately, I had some old data from […]
In QuotedData’s morning briefing 6 May 2021: Schroder UK Public Private says that Oxford Nanopore Technologies has raised £195m in new capital including £125m from some new investors – Temasek, Wellington Management, M&G Investments and Nikon. In addition, existing shareholders invested £70m. The valuation in the NAV as at 31 December 2020 was based on the […]
QD view – Indian funds take stock No doubt you have seen the horrific scenes in India as COVID-19 seemingly runs out of control. Our first thoughts must be with the victims and their families, but the managers of funds specialising in the region have also been taking time to update us on what this […]
AVI plans to unseat Symphony board – Asset Value Investors is calling on shareholders of Symphony International Holdings to band together to unseat its directors. AVI owns a 15.4% stake in SIHL on behalf of institutional clients including AVI Global Trust. Having first invested in 2012, it has now been concluded that a continued approach of […]
