SQN manager reshuffle – SQN Asset Finance Income has announced a change of manager. The management team is leaving SQN (which will now focus on its insurance business) and is moving to an Icelandic bank, Kvika Banki. The new manager will be called KKV Investment Management and it will be headed up by Dawn Kendall […]
ICG Enterprise dipping into its debt facility – this article has been updated following a conversation with the managers ICG Enterprise delivered an 11.2% return on NAV for the year ended 31 January 2020 (a bit ahead of the return on the All Share) a narrowing discount gave shareholders a return of 20.5%. The dividend […]
Aquila sees opportunities for expansion – In its first set of results, Aquila European Renewables Income reports an NAV of €158.9m, 4.8% higher than the NAV at IPO in June 2019. Two 0.75 cent dividends were announced, in line with forecasts. The company is targeting a dividend of 4.0 cents in relation to the year ending […]
In QuotedData’s morning briefing 28 April 2020: Supermarket Income REIT raised £139.8m (versus an original £75m target) in a heavily oversubscribed issue of 135,748,028 new ordinary shares at 103p. This is an amazing result, especially in the current environment, and demonstrates investors’ need for certainty of income at this time. Picton Property has cut its quarterly […]
This week, I was fortunate to catch up with SV Health Investors, managers of the unquoted investments within International Biotechnology Trust. The discussion centred on COVID-19 and how it is affecting the healthcare industry. One UK-based member of the team, Kate Bingham, is a member of the UK Government’s Vaccine Taskforce. The majority of the […]
Riverstone Energy NAV goes up in smoke – As of 31 December 2019, Riverstone Energy had a NAV per share of $9.66 (GBP7.36), representing a decrease in USD and GBP of over 46 and 48 per cent., respectively, compared to the 31 December 2018 NAV. The statement says that Hammerhead, Centennial and Liberty II were the […]
Syncona ups SwanBio investment – Syncona Ltd has made a $51.0m new commitment in a $77.0m expanded Series A financing by SwanBio Therapeutics. This new commitment takes Syncona’s total commitment to this business to $74.0m. Syncona has invested $19.6m now, and the holding is now valued (at cost) at £34.3m. This expanded Series A financing will […]
Hipgnosis bags Mark Ronson catalogue – Hipgnosis Songs Fund Limited has acquired 70% of the music publishing catalogue (of 315 songs) of seven time Grammy Award winning, Academy Award winning and Golden Globe winning songwriter, artist and producer Mark Ronson. Best known for his collaborations with internationally successful artists including Amy Winehouse, Lady Gaga, Adele, Lily […]
North American Income built revenue reserve ahead of crisis – North American Income Trust’s performance lagged that of the Russell 1000 Index over the 12 months ended 31 January 2020. The trust returned 6.2% in NAV terms against 14.6% for the reference index. The dividend was increased from 8.5p to 9.5p from revenue of 11.4p, which […]
In QuotedData’s morning briefing 23 April 2020 Happy St George’s day! Premier Global Infrastructure won the continuation vote that was put to shareholders at yesterday’s AGM TOC Property Backed Lending has delayed the payment of its next dividend from 4 May to 1 June. It says “The ability of borrowers to meet their interest payment […]
