Gabelli Value Plus+ directors say vote against continuation – The next AGM for Gabelli Value Plus+ will be held at 4p.m. on 30 July 2020. A resolution will be put to shareholders in connection with the continuation of the company. If more than 50% of shareholders vote against, the board will be required to put forward to […]
Value bias weighs on JPMorgan European – For the year ended 31 March 2020, JPMorgan European Investment Trust returned -14.6% on its growth shares and -25.7% on its income shares, both in NAV terms. The actual returns to shareholders were -16.3% and -27.5%, respectively. These compare to a return of -8.3% on the MSCI Europe ex UK […]
Real Estate Investors says its rent collection for the March quarter so far is 81% of rents due. For the remainder, Real Estate Investors is talking to the tenants and expects to agree repayment of outstanding arrears. Over the past three months, 18 new lease events have extended the weighted average unexpired lease term (WAULT) […]
In QuotedData’s morning briefing 15 June 2020: Africa Opportunity will return $5.5m to shareholders via a compulsory redemption of shares. 9,565,216 shares (21.46% of the total) will be bought back at NAV ($0.575). Payment will be on 25 June 2020. Hammerson says that Robert Noel will succeed David Tyler as non-executive chair of the company. Robert […]
Industrial activity at Schroder Real Estate – Schroder Real Estate Investment Trust says that, since its financial year end on 31 March 2020, eight lettings, renewals and reviews have completed across its industrial portfolio with a total rent of £840,000 a year, £270k a year higher than at 31 March 2020. Leeds, Millshaw Industrial Estate (multi-let […]
Any investor who held Golden Prospect Precious Metals this time last year, could have more than doubled their money. The fund is up 105.7% in share price terms over the 12 months ending 11 June 2020. Some of that performance represents discount narrowing, the NAV rose by 98.4% over that period, but not enough. Today, […]
India Capital Growth gets backing for continuation At today’s AGM, all the resolutions that were put to shareholders were passed by a significant margin. Resolution 1 – that the company continues – was passed 92.9 : 7.1 Resolution 2 – allowing the company to issue shares – was passed 96.9 : 3.1 Resolution 3 – […]
Syncona’s Autolus presents new clinical data Autolus Therapeutics today announced new data highlighting progress on its AUTO1 program, the company’s CAR T cell therapy being investigated in the ongoing ALLCAR Phase 1 study of relapsed / refractory adult B-Acute Lymphocytic Leukemia (ALL), at the European Hematology Association EHA25 Virtual Congress beginning June 11. AUTO1 in […]
Baillie Gifford UK Growth makes up ground – Baillie Gifford UK Growth has published results covering the year to the end of April 2020. The trust returned -12.5% over the period in NAV terms. However, this was much better than the All-Share Index, which lost 16.7%. The 4.2% outperformance erases the 2% underperformance in the previous […]
In QuotedData’s morning briefing 12 June 2020, as the UK economy contracts by 20.4% in April: Hipgnosis Songs got permission from its shareholders to make greater use of borrowed money to enhance returns. The limit on borrowing has been lifted from 20% of net assets to 30% of net assets. It is now thinking about issuing […]
