Putin has published a decree that says that certain firms owning Russian stocks will be able to sell these to a New York based hedge fund – 683 Partners – which will then be able to deal in them in Russia. The decree opens up so many questions about how the firms were selected, who […]
Allianz Technology Trust reports an NAV increase of 35.6% over 2024, marginally behind the 35.8% return of its benchmark. The board observes that this was achieved without holding the index-matching weights in the largest companies – avoiding excessive concentration risk. The share price increased by 38.1%, as the discount narrowed. As usual, there’s no dividend. […]
Oakley Capital Investments has reported NAV and shareholder returns of 2% over 2024. The full-year dividend was 4.5p. We covered the the trust’s 2024 returns here, but to recap, the trust invested £299m (including Steer Automotive Group, ProductLife Group, I-TRACING, Assured Data Protection, vitroconnect, Konzept & Marketing, Alerce, Horizons Optical, and new venture investments in […]
LMS Capital announced a strategic review and a shareholder consultation on 13 February 2025. The board has reached the conclusion that this would be most effectively achieved by a managed realisation of the company’s assets and returns of capital over time. A consideration in this decision was the prevailing and persistent discount to NAV, the […]
Golden Prospect Precious Metals says that over 2024 its NAV rose by 20.4% from 35.81p to 43.10p with a peak value of 55.87p in October. In the meantime, the share price rose from 29.50p to 35.50p, likewise gaining 20.3%, with highs in October at 46.0p. The performance was well ahead of the VanEck Gold Miners […]
In QuotedData’s morning briefing 13 March 2025: Isaac Thong is being appointed lead manager of abrdn Asian Income Fund (AAIF) to work alongside Eric Chan. Isaac is joining Aberdeen’s Asia Pacific Equities team from JPMorgan, where he co-managed JPMorgan Global Emerging Markets Income Trust (JEMI) and the open-ended JPMorgan Emerging Markets Income Fund. He will […]
The Association of Investment Companies held its annual Directors’ Conference on 6 March 2025. If you were imagining scenes of champagne sipping and back slapping, it could not be further from the truth. Directors take their jobs seriously and they know that there is a mountain to climb to stem outflows, narrow discounts, and fend […]
Greencoat Renewables (GRP) has published results for 2024. Its NAV return for the period was 4.5%. Its share price return is nowhere to be seen in the announcement, the annual report, or the results presentation, but – for interest – the share price fell from 101.6 cents to 82.3 cents, factoring in the dividend for […]
Premier Miton Global Renewables’s (PMGR) results for 2024 show a -26.1% return on NAV and -15.2% return to shareholders. The return on the S&P Global Clean Energy Index was -24.1%. Equity shareholders’ net assets are now just £18.5m and the asset cover on the zero dividend preference (ZDP) shares is down to 1.89x. The full […]
At the AGM held yesterday, Geiger Counter survived a continuation vote despite Saba voting a big block of shares against continuation. [We have been warning investors to be vigilant in cases like these. Voting your shares is vital.] Here is the full report of the meeting: The Chairman of the AGM reports that all ordinary […]
