Augmentum proves resilient in face of crisis – Augmentum Fintech has announced results for the year ended 31 March 2020. Over that period, the NAV increased by 5.9% to 116.1p as the portfolio was written up in value by £12.7m. There is no dividend. The shares collpased to trade at a 41.6% discount in the general […]
In QuotedData’s morning briefing 14 July 2020: Pollen Street Secured Lending shareholders remain in limbo as the deadline for Waterfall making an offer for the company is extended again. This time until 5pm on 11 August. Standard Life Private Equity’s estimated NAV edged higher in May to 431.2p from 427.7p. 99% of the valuations of […]
Polar Capital Technology has published results for the year ended 30 April 2020. Over the period, the NAV total return was just ahead of that of the benchmark, +18.6% against +18.1% for the Dow Jones World Technology Index. Shareholders saw the elimination of the discount, however and this lifted their return to +31.0%. Following the […]
Not everything in Baillie Gifford’s garden is blooming – Baillie Gifford Japan has struggled to match its benchmark and its peers in recent years Amid the uncertainty that COVID-19 has created, investors have been looking to technology stocks and companies with strong defensible business models, reasoning that these can persevere even in a recession. That has […]
In QuotedData’s morning briefing 9 July 2020: NewRiver REIT says 81% of retailers in its portfolio are now open for business (81% based on gross rent). Of the rent due on 24 June, 71% has either been collected or had alternative payment terms agreed with occupiers. 1% of rents have been waived. Rents collected for 25 March […]
Atlantis Japan discount widens despite dividend hike – Atlantis Japan Growth Fund has announced results for the year ended 30 April 2020. Over the year, the NAV total return was -3.3%, which compares to a +0.8% return from TOPIX. The discount widened and so investors saw the share price drop by 8.5%. At the 2019 AGM, shareholders […]
Hg has entered into an agreement to invest in F24, a pan-European sector leader for emergency notification, crisis & incident management and critical communications, headquartered in Munich, Germany. Hg will invest in a stake currently owned by Armira and co-founder Ralf Meister, and will become the majority shareholder in the business. The executive board, Dr. […]
Invesco Asia caught out by COVID – Invesco Asia generated a -10.2% return on net assets for the year ended 30 April 2020 and a -10.0% return to shareholders. By contrast, the benchmark’s return was -4.1%. The dividend was raised by 22.8% to 7.0p. This was well-covered by revenue per share of 7.8p. The trust shrank […]
In QuotedData’s morning briefing 7 July 2020: Gore Street Energy Storage raised £23.7m by issuing 24,627,365 new ordinary shares at 96.1p. 3m of those went to JXTG Nippon Oil & Energy Corporation Gresham House Energy Storage is issuing £15m of bonds (which it is calling GRID Power Bonds) with a coupon of 5%. This is the first issue […]
War of words at Gabelli Value Plus+ As shareholders in Gabelli Value Plus+ prepare to vote on whether they want the fund to continue. CG Asset Management Ltd, a shareholder in the company, has written to shareholders in GVP to set out its voting intentions in relation to the continuation vote which is to be proposed […]
