QuotedData’s weekly news show 16 October 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: Fundraising in the sector including success for Triple Point Energy Efficiency Infrastructure and high hopes for Round Hill […]
Jupiter UK Growth has issued its Annual Report & Accounts for the year ended 30 June 2020. This goes into more of the reasoning behind the board’s decision to recommend the liquidation of the trust. There is a final dividend of 5p, down from 8.5p, reflective of income earned. The chairman opens with “The net asset value […]
JPMorgan Smaller extends outperformance – JPMorgan Smaller Companies has published results for the year ended 31st July 2020. The NAV return for the period was 3.8%, well ahead of a return of -8.7% for the benchmark, the Numis Smaller Companies plus AIM Index (excluding Investment Companies). The return to shareholders was +3.7%, reflecting a steady discount level over […]
In QuotedData’s morning briefing 15 October 2020 Polar Capital Global Healthcare has agreed a fee reduction with its manager. The base management fee prior to the revision was 0.85% on the lower of the market capitalisation and adjusted net asset value. The revised fee, which is in place with effect from 1 October 2020, is 0.75% […]
Round Hill Music Royalty IPO – Round Hill Music Royalty Fund Limited has announced its intention to launch an initial public offering (IPO) on the Specialist Fund Segment of the Main Market of the London Stock Exchange, by way of a placing and offer for subscription targeting the issue of 375m ordinary shares at an issue […]
In QuotedData’s morning briefing 13 October 2020 Seneca’s manager changing hands – Seneca Global Income & Growth says Momentum Global Investment Management plans to buy Seneca Investment Managers. The board is happy with this move as the two share a similar investment approach. SDCL Energy Efficiency has launched an £80m placing – it hopes to issue […]
In QuotedData’s morning briefing 12 October 2020: Henderson Alternative Strategies reports that cash accounts for about 74% of the portfolio as at 9 October 2020. The manager expects that the cash level will rise to about 79% by mid-November 2020. Given the high percentage of cash in the portfolio, the current intention is to put forward […]
Premier Global Infra shareholders reject name change – in a surprise move, at today’s meeting shareholders in Premier Global Infrastructure voted heavily against the proposal to change its remit and defeated the proposal to change its name. The ordinary resolution to amend the investment policy so that the portfolio consists primarily of investments in companies […]
Time to back unloved Britain? One bit of disappointing news this week was that the UK’s economic growth in August was 2.1%, below expectations and leaving economic activity still well-below pre-pandemic levels. The apparent second wave is triggering renewed restrictions and seems set to act as a brake on growth over the winter. On top […]
TR European let down by widening discount – TR European Growth has published results for the year ended 30 June 2020. Over the period it delivered a return on NAV of 3.0%, ahead of the 0.3% return posted by its benchmark (Euromoney European Smaller Companies (ex UK) Index), but the share price fell as the discount […]
