In QuotedData’s morning briefing 1 October 2020: Octopus Renewables Infrastructure Trust is buying four solar PV sites in Andalucia, which are expected to be ready to build by January 2023. The assets will have a total installed capacity of 175MWp and are expected to become operational in early 2024. The company is not taking any development risk […]
Merian Chrysalis invests in You & Mr Jones – the “Target” investment referred to in Merian’s announcement on 28 September 2020 is You & Mr Jones LLC. The company has finalised its due diligence on You & Mr Jones and committed to invest US$60m as part of a US$260m funding round. You & Mr Jones was founded […]
Oakley buys 7NXT – Oakley Capital Investments says that Oakley Capital Origin Fund has acquired a majority stake in 7NXT GmbH, the leading online fitness and nutrition platform in the German speaking region for €42.6m. The stake was acquired from founder and CEO Markan Karajica and Crosslantic Capital. Mr Karajica will continue in his role as […]
Vietnam Holding results affected by COVID – Vietnam Holding has announced results for the year ended 30 June 2020. Over that period, the NAV fell from 214.1p to 186.8p and the share price from 183p to 154p. The 15.1% fall in the NAV was greater than the 9.6% fall in the Vietnam All Share Total Return […]
Strategic Equity Capital outperforms in difficult year – Strategic Equity Capital has announced results for the year ended 30 June 2020. Over the period, the NAV total return was -9.1%, reflecting the impact of COVID-19 on the portfolio. This was quite a bit better than the return on the FTSE Small cap ex Investment Trusts, which […]
Amazing results from Pacific Horizon – over the year ended 31 July 2020, Pacific Horizon generated returns of 39.9% in NAV terms and 57.5% in share price terms compared to 5.1% from the MSCI All Country Asia ex Japan Index in sterling. There will be a small dividend this year – just 0.25p – the manager […]
In QuotedData’s morning briefing 29 September 2020: Greencoat UK Wind’s issue was well oversubscribed. It has raised £400m and will issue over 305m shares. The money will be used to pay down debt to £600m (21% LTV). PRS REIT says that it has arranged an additional £50m of debt facilities with Barclays Bank, taking its total […]
Ken Wotton replaces Jeff Harris at Strategic Equity Capital – Ken Wotton, managing director and head of the Gresham House Asset Management Public Equity investment team, has been appointed lead fund manager of Strategic Equity Capital and will work alongside current fund manager, Adam Khanbhai. The board says that Ken brings great experience and expertise, as […]
Jupiter UK Growth gives up – In a surprise move, the board of Jupiter UK Growth has released the following statement: “The market capitalisation of the company remains very low and is currently approximately £26m which falls well below the minimum size generally considered investable by wealth managers and other prospective investors. The company is […]
Where has my income gone? is a question many investors are asking as UK dividends are cut but at least investment trusts have revenue reserves to draw on. It looks as though we are about to lose another Dividend Hero as Temple Bar says it will cut its dividend by around 25% (to 38.5p from […]
