Pantheon demonstrates undervaluation of private equity – Pantheon International has published results for the year ended 31 May 2020. These capture the panic and subsequent recovery in markets related to COVID-19. Pantheon’s NAV return was +4% over the year, which compares to -11.2% for the UK market and +7.4% for the MSCI World Index. This […]
SDCL Energy Efficiency buys EV charging portfolio – SDCL Energy Efficiency Income Trust has entered into an agreement with Electric Vehicle Network (EVN) to buy a portfolio of 112 rapid and ultra-fast electric vehicle (EV) charging stations across the UK for a total consideration of up to £50m. The EV charging sites will be developed and funded […]
Stenprop buys in Glasgow – Stenprop has bought St Andrews Industrial Estate, a 73,248 sq ft multi-let industrial estate of nine high quality warehouse units near Glasgow city centre. The £5.5m acquisition price reflects a net initial yield of 7.3% and a capital value of £75 per sq ft. Located on the south side of Glasgow, […]
In QuotedData’s morning briefing 6 August 2020: VinaCapital Vietnam Opportunity has completed its sale of its stake in International Dairy Products. The fund shares $45.4m with its co-investment partner Daiwa PI Partners. All in, this deal added 14 cents to the NAV but this is already in the NAV (has been reflected there since 10 July). […]
In QuotedData’s morning briefing 4 August 2020, as BP cuts its dividend for the first time in a decade: BMO Commercial Property is to reintroduce a monthly dividend from this month at 0.25p per share (half the previous rate). The NAV return for the three months ended 30 June 2020 was -2.9%. The retail and leisure […]
Henderson Alternative Strategies disappoints again – On 3 July 2020, shareholders in Henderson Alternative Strategies approved a plan tp sell off the portfolio and return the proceeds to shareholders. Over the year to the end of March 2020, the NAV total return on the fund was -13.8%, well below the -6.0% return posted by the fund’s […]
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: The planned merger between Perpetual Income and Growth and Murray Income JPMorgan Brazil’s board’s decision to recommend voting against continuation Watch it again here We’ll […]
This week’s big story is the planned merger of Perpetual Income & Growth and Murray Income Trust. We think this is a great result – for PLI shareholders and could produce a new champion for the sector as a whole. The UK equity income sector has some great funds and managers, but it also seems […]
BioPharma anticpates Lexicon prepayment – BioPharma Credit has a $124.5m loan to Lexicon Pharmaceuticals (part of a $150m loan) which is secured against its XERMELO® (telotristat ethyl) product. Lexicon is planning to sell XERMELO to TerSera Therapeutics for $224m. BioPharma believes that Lexicon will use the upfront proceeds from the XERMELO sale to substantially reduce its debt, including […]
JPMorgan Brazil gives up – JPMorgan Brazil has published results for the year ended 30 April 2020. The total return on net assets was -31.3%, compared with -33.2% returned by the benchmark, the MSCI Brazil 10/40 Index. However, since 30 April, the net asset value has risen by 40.0%, against an increase of 32.7% in the benchmark […]
