In QuotedData’s morning briefing 15 April 2021: Tufton Oceanic (SHIP) has acquired a Handysize Bulk Carrier for $14.3m. The vessel has a fixed rate time charter for eleven to thirteen months to a large maritime transport and logistics company. In addition, the Containership Swordfish has a new fixed rate time charter for fifteen to seventeen months from the […]
Globalworth bid sends shares soaring – CPI Property Group S.A. and Aroundtown SA have announced the terms of a cash offer for Globalworth Real Estate Investments at €7 per share. The bidding vehicle is Zakiono Enterprises Limited. The offer values Globalworth at approximately €1,571m and represents a premium of approximately: 19.5% over the closing price […]
North American Income Trust delivers healthy revenue despite COVID – North American Income Trust has published results for the year ended 31 January 2021. Over the period, the NAV total return was -5.7% and the return to shareholders -16.5%. This underperformed the -0.1% return in sterling terms from the Russell 1000 Value Index and the 12.6% […]
US Solar launches fundraise – US Solar Fund has launched a placing programme to be conducted over the next 12 months which includes an initial placing, offer for subscription and intermediaries offer which has launched today. A prospectus will be published shortly. The initial proceeds are expected to principally be used to fund two transactions: About […]
In QuotedData’s morning briefing 13 April 2021: Augmentum Fintech (AUGM) has sold its holding in Dext (formerly Receiptbank). The UK-headquartered digital bookkeeping platform is being acquired by Hg (HGT) for £10.5m. The investment was valued at cost (£7.5m) and made Augmentum an IRR of 30.5%. Separately, Augmentum has made a further follow on equity investment of €2m […]
QD View – Go Green? Impax Environmental Markets is doing very well but is it too popular? It has been a short week and a quiet week in the investment companies market. Funds continue to report results for 2020, however, and the one that stood out for me this week was Impax Environmental Markets. Shareholders […]
In QuotedData’s morning briefing 9 April 2021: Schroder UK Public Private says it has completed the sale of its shares in Kymab to Sanofi for approximately US$82m. There may be additional contingent payments of up to US$33m, subject to a deferred purchase price release and Kymab achieving certain development and regulatory milestones. Hibernia REIT says that it […]
Menhaden’s results for the year ended 31 December 2020 have been published. In NAV terms, the company made reasonable progress, with a total return of 13.2%. However, a widening discount left shareholders with a return of 3.0%. There is no dividend. The board has opted to drop the comparison with the MSCI World Total Return Index […]
Aberdeen Asian Income held up pretty well in 2020 – Aberdeen Asian Income has published results for the year ended 31 December 2020. The company generated an NAV return of 12.9% – behind the 19.0% return generated by the MSCI AC Asia Pacific ex Japan Index but well ahead of the equivalent high yield index […]
In QuotedData’s morning briefing 8 April 2021: Schroder UK Public Private has slashed the value of its Rutherford Health investment to £34m from £81m. The statement says “The valuation of Rutherford Health has been reduced to reflect slower than expected commercial progress and increased risk to the business outlook for equity holders.” This offsets good news […]
