Nippon Active Value Fund has published its first full set of results for the period from its incorporation in October 2019 to 31 December 2020. The shares started trading on 21 February 2020. IPO subscriptions totalled £103m. By the end of the period, net assets had risen to £117m, representing a net asset value of 113.58p […]
BB Biotech ends a turbulent first quarter in good health BB Biotech posted a respectable performance in the first quarter of 2021, in a period that proved to be quite turbulent for biotech stocks. As of 31 March, BB Biotech stock closed at CHF82.20, up 15.4% year to date, while the NAV was CHF70.75/share, up […]
In QuotedData’s morning briefing 1 April 2021 – no April Fools, we promise: UK Commercial Property REIT (UKCM) has sold its Kew Retail Park asset in London to a leading UK housebuilder for £41m. The sale price is marginally below the end 2020 book value. Of the complete 10 acre retail park, the trust owned 4.7 […]
RTW backs Pyxis Oncology – RTW Venture Fund Limited has highlighted an announcement by Pyxis Oncology, Inc. On 30 March 2021 that company completed a $152 million Series B financing round, which was co-led by RTW Investments, LP. The company, alongside other investment vehicles of the Investment Manager, confirms that it participated in the financing round together with […]
Strategic Equity Capital scores comfortable win in continuation vote – At today’s extraordinary meeting of shareholders, shareholders approved the continuation of the trust by a margin of 38.8m to 8.4m votes or 82.2% versus 17.8%. Very few shareholders were persuaded to back the requisitionists. Richard Hills, chairman of Strategic Equity Capital, commented: “We are grateful for […]
Fidelity Japan Trust has published results for 2020. Highlights are: The NAV increased by +24.8% for the year ended 31 December 2020, significantly outperforming the benchmark index, which returned +9.5%. The discount held steady over the year, closing at 6.8%. As a result, the share price total return was +24.6%. To maintain the discount, the […]
Gore Street portfolio update as it doubles in size – Gore Street Energy Storage has announced several growth milestones on its portfolio. These include the doubling of the company’s operational assets to 210MW, accelerating construction and increased capacity on its Irish assets and securing a revolving credit facility (RCF) with Santander Financial Services plc. The two […]
2020 was Pershing Square’s best year – During the year ended December 31, 2020, Pershing Square delivered a total NAV return (including dividends) of 70.2%, with the NAV ending the year at $45.46 per share. The total shareholder return was 84.8%, helped by the narrowing of the discount. Over the same period, the S&P 500 increased by […]
BH Global profits from market turmoil – BH Global has published results for 2020 that show its US dollar share class earning returns of 22.4% in NAV terms and 21.8% for the Sterling class. Narrowing discounts meant that in share price terms the dollar class made 27.9% and the Sterling class 26.9%. In terms of the […]
In QuotedData’s morning briefing 30 March 2021: Big Yellow has acquired a prime 0.8 acre site in Epsom, South West London for £6.5m. It will be seeking planning permission for a 56,000 sq ft self storage centre on the site. This acquisition takes the number of stores in the group’s pipeline to 13, of which eight have […]
