RTW’s Rocket takes off on good clinical data – RTW Venture Fund notes positive data updates on four clinical trials of Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT). This is the largest holding in RTW’s portfolio, representing about 30% of NAV. Rocket is advancing an integrated and sustainable pipeline of first-in-class genetic therapies that correct the root cause […]
Edinburgh Worldwide NAV soars – Over the year to 31 October 2020 Edinburgh Worldwide’s NAV (including income) rose by 57.8% and the share price by 63.9%. The comparative index, the S&P Global Small Cap Index total return, increased by 0.4% in sterling terms. There is no final dividend. Portfolio turnover was 8.4% compared to 4.5% in 2019 […]
Boussard & Gauvadan manager opposes tender – Boussard & Gavaudan Holding has repurchased 1,629,532 shares (about 10.5% of its issued share capital), updated its website and revised the format of its newsletters in an attempt to narrow its discount over the past 12 months. Performance during 2020 has been positive, year to date the NAV has grown […]
JPMorgan China reports on exceptional year – JPMorgan China Growth and Income has published results covering the year ended 30th September 2020. As the chairman says, the company achieved exceptional returns for the year, with a 66.1% total return on net assets with dividends reinvested and an 82.6% return to shareholders. This compares to the return of […]
In QuotedData’s morning briefing 10 December 2020: Riverstone Energy got through its discontinuation vote – shareholders voted against the resolution by 88.8% to 11.2%. Baring Emerging EMEA Opportunities reported an NAV total return of -22.3% for the year ended 30 September 2020 compared to a return on its benchmark of -22.6%. The trust’s Turkish exposure held it […]
RTW backs Nuance Pharma – RTW Venture Fund backed Nuance Pharma in its $181 million Series D financing round, which was co-led by the fund’s investment manager RTW Investments, LP. Nuance is a Chinese-based privately held fully integrated pharmaceutical company engaged in creating value through China’s specialty pharmaceutical markets, with an established focus on iron deficiency, […]
Gabelli Value shareholders reject continuation (again) – At the General Meeting held on 7 December 2020, none of the resolutions set out in the notice of General Meeting dated 11 November 2020 were passed on a poll. The voting was 35.6% for : 64.4% against on each resolution. We’re going to reproduce the next section of […]
Lowland hit by industrials and insurance exposure – Lowland has announced results for the year ended 30 September 2020. Lowland’s NAV declined by 24.8% during the year, and its share price by a similar amount. These declines compare with a fall in the company’s benchmark, the All-Share index, of 16.6%. The dividend has been increased by 0.5p […]
LondonMetric lets Birmingham logistics warehouse – LondonMetric Property has exchanged contracts with a global retail company on a new 15 year lease at an annual rent of £1.6 million, subject to upward only inflation linked rent reviews, at its Tyseley development near Birmingham. The 120,000 sq ft last mile logistics warehouse will mark the completion of […]
Aberdeen Standard European Logistics recognised for environmental improvements – Aberdeen Standard European Logistics has been awarded four Green Stars out of a maximum of five in the recently released survey of GRESB (Global Real Estate Sustainability Benchmark). This latest scoring reflects the progress made to date with regards to environmental, social and governance (“ESG”) factors thanks to […]