In QuotedData’s morning briefing 28 May 2020: Aberdeen Standard European Logistics Income (ASLI) posted a NAV total return of 8.6% in 2019 it reported today in full year results. IFRS earnings per share for the year was 9.6 euro cents, covering a dividend of 5.75 euro cents. Earlier this week ASLI made a NAV announcement for […]
Honeycomb let down by widening discount – For the year ended 31 December 2019, Honeycomb Investment Trust reported a return on NAV of 7.8%, a little down from the 8.4% generated in 2018. Shareholders were left with a loss for the year, however, as the shares moved from trading at an 11.3% premium to a […]
US Solar makes fifth purchase – US Solar Fund has signed binding agreements for its fifth purchase. The is buying cash equity interests in an approximately 61MWDC portfolio of four mechanically-complete utility-scale solar power projects located in Oregon. The deal should complete in the near future, simultaneous with financial close of tax equity financing and a […]
In QuotedData’s morning briefing 26 May 2020, as the lockdown begins to ease: FastForward Innovations says its medicinal cannabis investment, Emmac Life Sciences will manufacture product for a clinical trial as part of a Consortium led by the University of Valencia. The clinical trial in COVID-19 patients will use the T12 molecule to prevent disease progression […]
SQN Secured Income board says vote against continuation – SQN Secured Income promised investors a continuation vote if it failed to grow beyond £250m of assets by 31 December 2019. Well here it is. “Over the past few months, the board has been considering the future of the company, and consulting with larger shareholders, and […]
India Capital Growth wants time to recover – This morning, India Capital Growth has announced that it will hold a continuation vote on 12 June. A vote looked likely to be triggered later this year as the fund has failed to beat its benchmark over the period since 30 June 2017. The manager has been […]
Yesterday, Stephen Paice, co-manager of Baillie Gifford European Growth Trust, was one of the presenters at a webinar we held for professional investors centred on funds that have adopted a growth style of investing. Stephen was asked a few times yesterday about the macroeconomic influences on his portfolio – interest rates, inflation rates, trade wars […]
In QuotedData’s morning briefing 22 May 2020 DP Aircraft has ended up with a 5.02% stake in Norwegian Air Shuttle as part of a debt for equity swap. It could sell some of this in August and October but the whole holding can be sold in December. River and Mercantile UK Micro Cap (RMMC) has released […]
In QuotedData’s morning briefing 21 May 2020, as the UK government issues three-year debt with a negative yield: Electra NAV dives to 373p from 548p, hit by fall in value of Hotter Shoes and TGI Fridays. Hotter Shoes is looking to “right size the retail estate” – shut shops – once the lockdown eases. TGI Fridays […]
VPC Specialty Lending seems to be coping fairly well (apart from its wide discount) – VPC Specialty Lending’s return on NAV for 2019 was 11.3%. The dividend was increased from 6.8p to 8p. Despite buying back 12.5% of the company’s shares (helping to facilitate the sale of Woodford’s stake in the company), the discount widened from […]
