Flat year for Tufton Oceanic – over the year ended 30 June 2020, Tufton Oceanic Assets generated an NAV return of -0.7%. Within that, the company declared dividends of 7 cents and saw its NAV fall from $1.005 to $0.931. The target for this year’s dividend remains at 7 cents (quarterly payments of 1.75 cents). […]
European Opportunities talks about Wirecard – European Opportunities Trust has published results for the year ended 31 May 2020. The trust beat its benchmark, returning 0.1% against -1.9% for the MSCI Europe. However, a widening of the discount left shareholders with a return of -6.9%. In many ways though, all the ‘excitement’ happened after the year […]
In QuotedData’s morning briefing 24 September 2020 Good progress with the construction of Gore Street Energy Storage’s Irish assets has helped deliver a 1.6p increase in the fund’s NAV over the second quarter of 2020 to 96.2p. An interim dividend of 2p has been declared, making 7p in total for the year ending 31 March 2020. […]
Home REIT prospectus published Home REIT’s prospectus has been published and, if you were waiting to read it having read our IPO note, here it is – click here The timetable is fairly short. Applications under the intermediaries offer close at 5pm on 6 October. For the offer for subscription it is 11am on 7 […]
Bluefield Solar seems to be riding out the storm – Bluefield Solar Income Fund has published results for the year ended 30 June 2020. Over the year, while long-term power price forecasts have been slashed across the renewable energy sector, the NAV fell slightly from 117.98p to 117.01p. Underlying earnings per share rose from 8.62p to […]
In QuotedData’s morning briefing 22 September 2020; Ground Rents Income Fund says that it notes the announcement published on 4 September 2020 by the Competition and Markets Authority (“CMA”), detailing its enforcement action against four leading housing developers as part of its ongoing investigation in relation to the sale of leasehold homes. The CMA have also […]
Apax Global Alpha sells Neuraxpharm – The Apax VIII Fund, which Apax Global Alpha is invested in as a limited partner, has agreed to sell its stake in Neuraxpharm, a leading European specialty pharmaceutical company focused on the treatment of central nervous system disorders, to funds advised by Permira. The transaction is expected to close in […]
The big news of the week in the investment companies sector is probably Troy Asset Management securing the management contract for Securities Trust of Scotland from Martin Currie. Securities Trust is a £200m global equity income fund. Troy already has a UK equity income trust and Personal Assets, a global absolute return trust, both of […]
In QuotedData’s weekly news show 18 September 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: Securities Trust of Scotland changing its manager Premier Global Infrastructure changing its investment approach JPMorgan Brazil losing its continuation vote Gabelli […]
Aquila European Renewables looking for cash – Aquila European Renewables Income Fund has published a prospectus in support of an initial placing and offer for subscription and a subsequent placing programme. The company is also convening a meeting to ask shareholders’ permission to issue new shares on a non pre-emptive basis. The initial target is a fundraising […]
