Edinburgh sounds cautious note on dividend – Over the year ended 31 March 2020, Edinburgh Investment Trust returned -26.7% in NAV terms and -29.4% in share price terms, both a lot lower than the -18.5% return generated by the All-Share Index. Revenue per share fell to 27.8p from 28.7p but the dividend was increased from […]
In QuotedData’s morning briefing 11 June 2020: Princess Private Equity confirms that the sale of its stake in European retailer Action has been completed for initial proceeds of €80.9m – this money has been received. Princess is also due deferred consideration of up to a further €9.1m, by no later than June 2023. There is no […]
JLEN’s results covering the year ended 31 March 2020 have been published. Highlights for the period were: NAV of 97.5 pence as at 31 March 2020 (31 March 2019: 104.7 pence), reduction primarily driven by the effect of the long-term power price forecast on the portfolio value Total dividends declared of 6.66 pence (2019: 6.51 […]
Syncona success overshadowed by Autolus price fall – Syncona reports that for the year ended 31 March 2020, its NAV fell by 13.3% from 216.8p to 185.6p. An 81% fall in the price of Autolus weighed heavily on the NAV. Since the year end, Autolus’s share price has climbed by 131%, which should have added about […]
JPMorgan Multi Asset Trust will maintain dividend – JPMorgan Multi Asset Trust has published results covering the year ended 29 February 2020. At that point, the trust had delivered a 5.3% return, about 0.1% less than the return on its benchmark. Shareholders had made 6.1% on their investment over the year. Since then, the NAV has […]
Odyssean navigates crisis well – Odyssean Investment Trust held up relatively well when the market collapsed in February and March. Over the year ended 31 March 2020, the trust returned -5.7% in NAV terms against -23.2% for the Numis Smaller Companies Index ex Investment Companies plus AIM Index. The trust’s performance over the period was boosted […]
In QuotedData’s morning briefing 9 June 2020: Aberdeen Standard Asia Focus has entered into a new two year multicurrency revolving loan facility of £20 million with The Royal Bank of Scotland International Limited (“RBSI”), which replaces the Company’s $25m loan facility with RBSI, which matured on 5 June 2020. £18.2 million of the loan has been drawn […]
If you manage a UK equity income fund, you certainly have your work cut out at the moment. Many companies have suspended or slashed their dividends and it feels as though the only stocks that are performing are the FAANGs (Facebook, Amazon and the like) none of which is based in the UK. At the […]
Travelodge updates from LXI and Secure Income Following on from our earlier stories, LXI REIT says it owns 12 hotels let or pre-let to Travelodge, representing 10% of the annual contracted rents, including contracted rents under agreements for lease. Two of these hotels are under construction and benefit from cash-backed developer licence fees and a further […]
RTW Venture invests in Athira Pharma – RTW Venture Fund has confirmed that it participated in an $85 million Series B financing for Athira Pharma. The extent of RTW’s contribution to this financing has not been disclosed. Athira is a privately-held clinical-stage company developing innovative first-in-class regenerative therapies with the potential to restore brain function. It […]
