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 […]
Smithson Investment Trust has published results covering the 12 month period ended 31 December 2024. It was another poor year for returns as the NAV total return of 2.1% fell some way short of the 11.5% return generated by the MSCI World SMID Index. The discount narrowed a bit from 11.5% to 9.1% and that […]
Murray International has published results for the 12 month period ended 31 December 2024. Highlights are: A NAV total return of +8.1% and a share price total return of +4.5%, this compares to a +3.5% rise in the Retail Price Index and a +19.8% increase in the FTSE All World Index. The discount moved out […]
In QuotedData’s morning briefing 6 March 2025: Jupiter Green (JGC) says that holders of 10,584,126 shares opted to rollover into an equivalent open-ended fund while holders of 8,391,654 shares opted to receive cash. In the vote to approve the deal, shareholders voted overwhelmingly to approve the proposals but gave a convincing thumbs down (87.35% against […]
On 12 February 2025, the board of Schroder UK Mid Cap Fund announced that it had received a requisition notice from a nominee acting on the instructions of Jefferies LLC, a prime broker acting on behalf of Saba Capital Management, L.P. Following a review of the requisition, in conjunction with the company’s registrars and subsequent […]
Gore Street Energy Storage Fund has energised its last in-construction assets: Dogfish (75 MW / 75 MWh, in Texas) and Enderby (57 MW / 57 MWh, in Great Britain). This takes the energised portfolio capacity to its targeted level of 753.4 MW / 924.1 MWh. Taken together with the energisiation of Big Rock earlier this […]
Bluefield Solar has completed a refinancing as part of its management of the 359MW portfolio of solar PV assets it jointly owns with GLIL Infrastructure. The refinancing was completed in January 2025 with a consortium of lenders and replaces about £214m of existing inflation-linked debt on the solar PV portfolio, with about £297m of fixed-rate […]
In QuotedData’s morning briefing 24 February 2025: VietNam Holding (VNH) says it is switching to holding shares that it buys back in treasury rather than cancelling them. [This makes sense – the trust has been buying back stock for a long time and this, and its superior performance record – ahead of all of its […]
It has been another eventful week in the investment company sector. My colleague Richard covered the launch of Achilles Investment Company here and I wrote about it for Citywire, which you can read here. There is an enormous mismatch between NAVs and share prices in the alternatives sectors. We have done our bit to try […]
