Downing Renewables and Infrastructure publishes prospectus As promised, here is a link to the prospectus, which was published today. As the prospectus makes clear, access to the issue is subject to some geographical restrictions. Make sure you read these. As always, we aren’t recommending that you buy the stock but we think it is interesting and […]
Countrywide gets 250p approach – Countrywide has received an indicative approach from Connells Limited to acquire the entire issued and to be issued share capital of the Company, in cash, at a price of 250 pence per Countrywide share. The approach is at an early stage and Connells Limited has indicated that any offer is conditional […]
Latin America – the only way is up? This week saw the publication of results from Aberdeen Latin American Income. Unfortunately, they did not make good reading. Over the year ending 31 August 2020, the trust generated an NAV return of -27.5% (in total return terms, adjusting for the effects of the dividend) and a […]
QuotedData’s weekly news show 6 November 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: Riverstone Energy triggering a discontinuation vote ICG Longbow recommending an orderly realisation of its assets Wellcome Trust bidding […]
Hg sells Eucon – the manager of HgCapital Trust has agreed the sale of Eucon Group to VHV Group, a leading insurance group in Germany. The terms of the transaction were not disclosed. The transaction is subject to customary anti-trust approvals and closing is expected later this year. This transaction values HGT’s investment in Eucon at approximately […]
RDI REIT targets full exit from retail assets – RDI REIT says that, for the year ended 31 August 2020, its EPRA NAV fell by 18.3% from 185.5p to 151.5p and its earnings per share almost halved from 13p to 6.9p. The dividend was cut in half – to 5p from 10p. Highlights for the year […]
Latin America’s struggles with COVID reflected in ALAI results – Aberdeen Latin American Income (ALAI) says that, for the year ending 31 August 2020, it generated an NAV return of -27.5% and a return to shareholders of -24.4%. The return on the trust’s benchmark was -22.9%. The dividend has been maintained at 3.5p but this was […]
Fidelity Special Values hit as “defensive” stocks struggle with COVID. For the year ended 31 August 2020, Fidelity Special Values reports an NAV return of -18.5% and a return to shareholders of -25.4%. This compares to -12.6% for the wider UK market. The dividend was increased marginally to 5.8p from 5.75p, some of that is payable […]
In QuotedData’s morning briefing 5 November 2020, as it looks as though Joe Biden is on his way to the White House: JPMorgan Emerging Markets reminds us that, if shareholders approve at today’s AGM, its shares will be split on a 10 for one basis from tomorrow morning. Shareholders should note that this should not change […]
Standard Life Investments Property Income reports flat quarter – The NAV at the end of September 2020 was 78.8p, 1% down on the level at the end of June. This was offset by dividends declared and so the NAV return for the quarter was fairly flat at -0.1%. The quarterly dividend was maintained at 0.714p, 60% […]
