BMO Capital and Income Investment Trust has announced results for the year ended 30 September 2020. It underperformed its benchmark by 4.4% (NAV return of -21.0% versus -16.6% for the All-Share Index). The return to shareholders was -20.3%. The dividend has been increased by 0.9% to 11.5p, extending an broken chain of annual dividend increases to […]
Nippon Active Value targets Sakai Ovex – Nippon Active Value Fund owns a 5%+ stake in Sakai Ovex (no. 3408, listed on the first section of the Tokyo Stock Exchange). Today, the fund’s manager (Rising Sun Management) has sent a proposal to Sakai Ovex Co proposing that its board consider a management buyout of the whole company. This […]
In QuotedData’s morning briefing 26 November 2020: JLEN Environmental Assets Group’s half year results show a small drop in NAV from 97.5p to 96.1p, driven by falling power and gas price estimates. Dividends are on target, however and these are covered by cash generated from operations. Montanaro UK Smaller’s interim results show it lagging its Numis […]
In QuotedData’s morning briefing 25 November 2020: Gresham House Energy Storage has successfully raised gross proceeds of £120m through the issue of 114,285,714 shares at 105p. The issue was oversubscribed. The money will enable the company to finance up to six new near-term acquisitions totalling 245MW. RDL Realisation says that it intends for the company to become […]
Countrywide shareholders opposed to Alchemy fundraise – On 22 October 2020, Countrywide announced a proposed recapitalisation that included an equity raising of approximately £90m fully underwritten by Alchemy Partners. However, discussions with shareholders have indicated insufficient support for this proposal in its current form, but also a recognition of the need for new capital and a […]
Troy Income confirms dividend cut – Troy Income & Growth Trust says that for the year to 30 September 2020 its NAV return was -9.1% and its share price return -11.6%. At the start of the period the shares were standing at a premium to NAV of +1.1%. A year later the share price had moved to a […]
In QuotedData’s morning briefing 24 November 2020: Gore Street Energy Storage says its Drumkee project, a 50MW installed capacity project located in Northern Ireland, has been energised on schedule. Drumkee is now the largest energy storage project in Ireland. Mullavilly, Gore Street’s second 50MW Northern Irish project, is expected to be energised in December. Both Drumkee and […]
Schroder BSC Social Impact Trust announces float – Schroder BSC Social Impact Trust intends to launch an initial public offering (IPO) and to admit its shares on the premium segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange. The company is targeting an […]
Macau Property Opportunities rejigs management fee – COVID-19 is delaying the realisation of the company’s assets. Macau Property Opportunities has been in realisation mode since 2016. During 2020 the manager has achieved asset disposals of the two remaining individual units in One Central Residences and two further residential units and a car park space in the […]
KKV Secured Loan issue valuation update – following an reappraisal of the whole portfolio, assisted by the review of certain assets undertaken by KPMG, the net asset value as at 30 June 2020 is currently expected to be £128.8m (36.2p per share) for the ordinary shares and £94.7m (68.2p per share) on the C shares. However, […]
