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 […]
Polar Capital Global Financials plans C share issue – The board of Polar Capital Global Financials Trust says that it notes the continued strong interest in the financials sector and consequent demand for the company’s shares. Since 30 November 2020, the company has re-issued 45,199,900 ordinary shares from treasury, across a large number of transactions, raising […]
