On 25 July 2024, the company as part of its annual results announced that the board was currently evaluating options for the future of the business in recognition that it may be in the best interests of shareholders for the company not to continue in its present form. The board has concluded the evaluation of […]
Invesco Perpetual UK Smaller Companies Trust has reviewed its investment management arrangements and decided to appoint Artemis Fund Managers, where Mark Niznik and Will Tamworth will co-manage the portfolio. There will be no change to the core investment objective and policy – achieving long-term total return for shareholders primarily by investment in a broad cross-section […]
In QuotedData’s morning briefing 19 December 2024: Hg Capital Trust says a recapitalisation of The Citation Group adds about £3.5m to its NAV or 0.8p per share. The Citation Group is an international provider of tech-enabled compliance and certification solutions to small to medium-sized enterprises. HarbourVest Partners has come in as a new investor. Triple […]
GCP Infrastructure’s results for the 12 month period ended 30 September reflect some long-running themes. The NAV slipped from 109.79p to 105.22p and the NAV total return for the period was 2.2%. However, a narrowing discount from 38.3% to 25.0% meant that the return to shareholders was a welcome 28.4%. The dividend was maintained at […]
In its first set of results since the merger of Henderson European Focus with Hendedrson Eurotrust, Henderson European has published figures covering the 12 month period ended 30 September 2024. Over the period, the NAV return was 16.6%, ahead of its index benchmark (FTSE World Europe ex UK) by 1.3%. The share price total return was […]
In QuotedData’s morning briefing – 12 December 2024: Digital 9 Infrastructure (DGI9) says InfraRed Capital Partners’ appointment as AIFM has become effective today. Triple Point’s role as AIFM also terminated effective today. Baillie Gifford Japan (BGFD) passed its continuation vote at yesterday’s AGM, the voting was 85.4%:14.6% in favour of continuation, and about 55% of […]
JPMorgan China Growth and Income has published results for the year ended 30 September 2024. The NAV lagged the benchmark by some distance, with the trust returning 3.6% compared to 12.7% for MSCI China. The discount widened to 13.1%, leaving shareholders with a return of just 2.3%. The chairman says “The rise of the MSCI […]
Lowland has published results for the year ended 30 September 2024 and they are good. The NAV return came in at 16.3%, ahead of the 13.4% return posted by the All-Share. The discount narrowed from 14.2% to 13.1% [still too wide but headed in the right direction], which meant that shareholders got a return of […]
BlackRock Frontier Markets has announced results for the 12 month period ended 30 September 2024. Over that period, the NAV return was 16.5% (in US dollar terms, or 6.0% in sterling terms) ahead of the 15.7% (+5.3% in £) return posted by the trust’s benchmark index (MSCI World Frontier Markets). The discount widened marginally from […]
In QuotedData’s morning briefing 5 December 2024: Following yesterday’s announcement of a potential continuation vote for Finsbury Growth and Income (FGT), portfolio manager Nick Train spent £223k on 25,000 shares in the company, taking his holding to 5,485,043 shares or 3.5% of the trust. Dunedin Enterprise (DNE), which has been in managed wind down for […]
