BlackRock World Mining drops coal from remit – in conjunction with the release of BlackRock World Mining’s annual report for 2019, the board has had a rethink about its benchmark and examined the trust’s ESG credentials. The managers have decided that, across their business, they will no longer invest in businesses that derive more than […]
In QuotedData’s other news 28 February 2020: Aberdeen Standard European Logistics has announced a 4% increase in its NAV (in euro terms) which translates into a small fall in its sterling NAV as the pound strengthened following the election. The NAV moved from €1.07 to €1.11 and 94.95p to 94.21p. The company continues to pay quarterly […]
Independent caught out by Eddie Stobart – Independent Investment Trust reports that, over the year to 30 November 2019, its NAV total return was 8.5%, 2.5% behind the All-Share Index and 4.6% behind a global index. The chairman says that poor stock selection, notably since the EU referendum, is largely to blame, with the Eddie […]
Smithson powers on – 2019 was a great year for Smithson Investment Trust and its results, which cover the period from the launch of the trust in October 2018 to the end of December 2019, show the trust generating an NAV return of 25.5% and a share price return of 29.8% against an 11.8% return […]
Greencoat UK Wind powering 1m homes but low wind speeds and falling power prices knock earnings – Greencoat UK Wind says its power generation was behind budget in 2019 – as wind speeds were below average for the year – its earnings were also impacted by falling power prices. Reduced assumptions about future power prices […]
In QuotedData’s other news 27 February 2020 JLEN Environmental’s fundraise was significantly oversubscribed. The placing, which was only available to professional investors, will result in the issue of 49,701,820 new shares at 115p, raising gross proceeds of £57.2m. JLEN will use the money to finance “an identified pipeline of near-term opportunities across the bioenergy and flexible […]
BB Healthcare expanding rapidly – BB Healthcare has announced results for the year ended 30 November 2019. Over that period, the trust lagged its benchmark, returning 6.6% in NAV terms and 6.9% in share price terms against 8.6% for the MSCI World Healthcare Index. However, the board is focusing on the trust’s three year numbers – […]
In QuotedData’s other news 21 February 2020 RDL Realisation looks set to get $13,483,500 from Princeton. The bankruptcy trustee has come up with a plan that all the creditors have agreed to. There is a court hearing scheduled for 13 March to approve this and then the money would be due, in cash, by about the […]
NextEnergy cuts NAV on power prices – NextEnergy Solar has published its end December NAV and it is 4.6% lower than the value at the end of September. The NAV has fallen from 111.2p to 106.1p and the biggest contributor to this is lower power price assumptions – accounting for -3.9p. This follows a pattern […]
Greencoat buys Slieve Divena II – Greencoat UK Wind has agreed to acquire Slieve Divena II wind farm from SSE Renewables for £51m. Slieve Divena II is located approximately 10 miles south east of Omagh in County Tyrone, Northern Ireland, and has a capacity of 18.8MW. Slieve Divena II was constructed by SSE Renewables and has […]
