Augmentum Fintech notes successful fundraising developments at three of its portfolio companies: Tide, Zopa Bank and iwoca. Tide Augmentum Fintech has invested a further £4.2m in Tide, (www.tide.co, 14.1% of portfolio), the business banking platform. Tide announced on 20 September that it has reached 10% market share of all UK small businesses, with more than […]
Cordiant Digital Infrastructure Limited (the “Company” or “CORD”), an operationally focused specialist digital infrastructure investor, is pleased to announce it has agreed to acquire Norkring België NV (“Norkring”), which operates 25 communication and broadcast towers in Belgium, from its current shareholders Telenor Communication II AS and Participatiemaatschappij Vlaanderen NV. Norkring is being acquired for a […]
Henderson International Income has reported results for the 12 months ended 31 August 2023. The trust delivered modest NAV underperformance versus its MSCI All Countries World Index ex UK High Dividend Yield Index benchmark, returning 1.4% to the benchmark’s 2.3%. The return to shareholders was -1.9%. The dividend was upped by 3.0% from 7.25p to […]
Over the year to 31 August 2023, Baillie Gifford Japan’s NAV total return was -5.4%, well behind the 6.7% total return from the TOPIX index. The trust now lags its benchmark by a considerable margin over five years. A slight narrowing of the discount meant that the return to shareholders was -4.0%. This was helped […]
In QuotedData’s morning briefing 2 November 2023: BioPharma Credit (BPCR) reports news of resignations at LumiraDX – Ron Zwanziger, (CEO and chairman), David Scott, PhD, (chief technology officer and director), and Jerry McAleer, PhD, (chief scientist and director) have all resigned, each citing the need “to preserve his flexibility to explore all available options” as […]
Five countries dominate the MSCI AC Asia Pacific ex Japan Index – China, Australia, India, Taiwan, and South Korea – collectively, accounting for over 85% of the market cap of that index. However, most of investors’ focus seems to be on China and India, Australia is usually regarded as a resource play, Taiwan’s market is […]
Like me, you may have been looking at your portfolio of investment companies over the past 18 months or so and swinging between despair and puzzlement. I keep asking the question, how can so many ostensibly good companies be so out of favour? Take Greencoat UK Wind, for example, which I bought for my portfolio […]
Over the 12 month period ended 31 July 2023, JPMorgan Global Emerging Markets Income beat its benchmark by a decent margin, returning 9.2% in NAV terms and 12.6% in share price terms againsty a return of 2.5%. The company’s net revenue of £16.9m was down from £18 .1m for the prior year, in part due […]
Schroder Income Growth has reported results for the 12 months ended 31 August 2023 NAV total return increased by 4.03% to 220.6p (31 August 2022: 211.7p), but underperformed versus the FTSE All-Share Index return of 5.2%. The discount widened to end the year at 8.9% and so the return to shareholders was -3.0%. Dividend per […]
Greencoat UK Wind will increase in its annual dividend target to 10p and launch a share buyback programme of up to £100m. From admission to the London Stock Exchange on 27 March 2013 to 30 September 2023, the company has generated £1,764m of cash flow, paid £887m of dividends and reinvested £877m of excess cash […]
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