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 […]
RTW Venture looking very healthy – RTW Venture Fund has published its annual report for the year ended 31 December 2020. Over the year, its NAV increased by 54%. This makes it 88.5% NAV growth since IPO. The share price rose by 37% – the premium was perhaps too high at the start of the year. The […]
Aberdeen New Thai lags its benchmark – Aberdeen New Thai says that, for the year ended 28 February 2021, it produced an NAV total return of +1.2%, underperforming the Stock Exchange of Thailand Index by 8.9%. Should the performance over the three years to 28 February 2023 not show outperformance of the SET Index, the board will […]
New shipping trust may float – Taylor Maritime has published an intention to float announcement this morning. The fund hopes to raise $250m by issuing 250m shares at $1 per share. Taylor Maritime was incorporated in Guernsey on 31 March 2021. It is a self-managed investment company (employing its own managers) and will invest in […]
In QuotedData’s morning briefing 29 April 2021: Globalworth’s board said holders of 39.8% of its shares – Growthpoint Properties Limited, The European Bank for Reconstruction and Development and Oak Hill Advisors – have all now rejected the offer as being too low. These holders represent 82.0% of the Globalworth shareholders to whom the offer would be made. [We’ll […]
Baillie Gifford China off to a flying start – Baillie Gifford China Growth says that for the year to 31 January 2021 its net asset value per share increased by 38.1% compared to a 22.0% rise in the benchmark index. The share price increased by 67.9% as the shares moved from a discount of 8.4% to a premium […]
Dunedin Income Growth wants new sustainable objective – Dunedin Income Growth says that for the year ended 31 January 2021, it delivered an NAV return of -0.3%, much better than the equivalent return on the All-Share Index of -7.5%. The return to shareholders was +0.1%. The dividend has been increased from 12.7p to 12.8p. The dividend […]
In QuotedData’s morning briefing 27 April 2021: Civitas (CSH) has completed the purchase of 15 supported care and living facilities in South Wales for £10.9m. The portfolio provides 51 beds and long-term support for individuals with learning disabilities and mental health care needs along with dedicated facilities to develop and enhance independent living skills, such as […]
QD view – Backing the future One of the things that I love about the investment company sector is that your investments can make a difference. Buying a share in Diageo won’t lead to exciting innovation in the drinks industry. Buying a share in a bog-standard UK equity fund probably won’t have much of an […]
Martin Currie Portfolio manager earned his fee last year – Martin Currie Global Portfolio Trust has published results covering the 12 months ended 31 January 2021 and they are good. The NAV total return was 20.2% and the share price total return 20.5%, both of which compare well with a benchmark total return of +12.3%. Revenue […]
