JLEN buys Centre Parcs AD power plant – JLEN Environmental Assets Group has bought a 100% equity stake in Rainworth Energy Limited, for £5.8m (subject to adjustment for working capital). Rainworth Energy holds the rights and operational assets that make up the Rainworth anaerobic digestion (AD) plant, a 2.2MW electrical plant based in Nottinghamshire, UK, close […]
In QuotedData’s morning briefing 23 March 2021: Axiom European Financial Debt reports flat returns to shareholders and 1.7% return on NAV for 2020. NAV and share price falls were offset by income. The dividend was maintained at 6p and the company thinks this is sustainable in 2021. The report breaks down activity and returns month by […]
Glasshouse loan deal frees up cash for KKV – Triple Point Energy Efficiency Infrastructure (TEEC) has refinanced a loan in KKV Secured Loan’s portfolio. It turns out that one of this deal was one of the target CHP+ assets that Triple Point had identified at IPO. These are held by Harvest Generation Services and Glasshouse Generation. Under the terms […]
This week’s big news is the planned retirement of James Anderson, manager of Scottish Mortgage Trust (SMT) since 2000 and arguably one of the UK’s best fund managers. The returns that Scottish Mortgage has generated are impressive – turning £1,000 worth of capital into almost £18,000 over the past 20 years. It is the best […]
Investors see potential in AVI Japan Opportunity – AVI Japan Opportunity Trust has published its annual report for the year ended 31 December 2020. Over the year, the NAV and share price fell by 1.4% and 1.1% respectively. However, the benchmark (MSCI Japan Small Cap Total Return Index in sterling) rose by 3.2%. The chairman notes […]
Hipgnosis buys Carole Bayer Sager catalogue – Hipgnosis Songs Fund has bought the catalogue of Carole Bayer Sager. The catalogue spans 55 years and contains songs including A Groovy Kind Of Love, When I Need You, Nobody Does It Better, That’s What Friends Are For, Heartlight, The Prayer, Don’t Cry Out Loud, On My Own, It’s The Falling In Love, Arthur’s Theme (Best That […]
In QuotedData’s morning briefing 18 March 2021: NB Distressed Debt says its investment manager, Neuberger Berman Europe Limited, has offered to waive its entitlement to receive its management fee with immediate effect. The chairman says “The fee waiver recognises that it is taking longer than expected to fully realise the company’s assets due to a number […]
When we went into the pandemic panic last year, many trusts had revenue reserves equivalent to between half and a whole year’s dividend. Link Group reckoned that about 44% of the UK market’s income was lost in 2020, pushing the total amount of income available back down to 2011 levels. However, most UK equity income […]
Oakley Capital Investments freed up significant cash in 2020 – Oakley Capital Investments has announced results for the year ended 31 December 2020. It generated a return on NAV of 18% for the year. The chairman highlights the contribution of an online private university company, Career Partner Group (CPG), which added 34 pence to the NAV per […]
Witan has better second half – After lagging its benchmark by 12.6% over the six months ended 30 June 2020, over the rest of the year it managed to claw some of this back. For 2020 as a whole, Witan returned 4.2% versus a 9.5% return for its benchmark. The dividend for the year increased […]
