European Assets says that its NAV total return (capital performance with dividends reinvested) for 2023 was 8.2% in Sterling (10.8% in Euros). The Sterling share price total return for the year was 4.9%. These compare with the Benchmark (a blend of MSCI Europe excluding United Kingdom Small Mid Cap (Net Return) Index – which is […]
In QuotedData’s morning briefing 4 January 2024: Digital 9 Infrastructure (DGI9) says that Keith Mansfield has decided to step down as a director with immediate effect. The board has made some changes: Aaron Le Cornu is appointed chair of the Audit Committee and Brett Miller will join the Audit Committee. Brett Miller is appointed chair […]
In QuotedData’s morning briefing 3 January 2024: India Capital Growth says that 15,159,876 shares, equivalent to 15.7% of its issued share capital, have been submitted to its annual redemption facility. The redemption price will be annouunced on 8 January 2024. [That is quite a blow for a fund that has delivered a 35% share price […]
Back in October, we highlighted some issues facing the investment companies industry related to the rules around cost disclosures – basically, investors have been presented with misleading figures for charges that include the running costs of any underlying funds. That is putting off new investors, encouraging selling by others, and has led to platforms restricting […]
This is the last of our weekly emails for 2023. We hope that you have been finding them useful. We will be publishing our annual roundup in January. Ahead of that however, I thought it might be worth pulling out a few of the year’s highs and lows. In January, China’s market shone as hopes […]
Hipgnosis Songs Fund has published its interim results for the six-months to 30 September 2023. Financial headlines Operative NAV per share decreased 9.2% to $1.7392 (31 March 2023: $1.9153), driven primarily by a reduction in the fair value of the portfolio As at 30 September 2023, Operative NAV per share in Sterling 142.49p (£:$ exchange […]
LMS Capital is buying Castle View Retirement Village, Windsor for £11.9m, of which £6.0m is being provided by LMS equity and the remaining £5.9m by a loan from the existing lenders to the scheme. Castle View is a purpose built retirement village, completed in 2018 and comprising 64 individual 1 and 2 bedroom apartments, of […]
Over the year ended 31 October 2023, BlackRock Income & Growth marginally lagged its benchmark, returning 5.2% to the All-Share’s 5.9%. A narrowing discount helped shareholders to a total return of 8.1%. To help achieve that, 568,428 shares were repurchased at an average price of 182.26p, for a total consideration (including costs) of £1,036,000. The […]
In QuotedData’s morning briefing 21 December 2023: HICL Infrastructure is paying £20m for a 3.1% stake in the A63 Motorway concession in France. Completion is expected in early 2024, subject to customary third-party consents. The 40-year toll-road concession covers the design, upgrade, finance, operating and maintenance of a 104km section of the existing A63 between […]
abrdn Diversified Income and Growth has been talking to its shareholders. In the light of the feedback received during these conversations and the trust’s entrenched discount to NAV, the board has concluded that it is in the best interests of shareholders as a whole to put forward proposals for a managed wind-down of the company. […]
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