Vietnam Holding focused on the future – after a difficult period for performance and one of considerable upheaval for the company, Vietnam Holding is focused on building a portfolio of growing Vietnamese companies with strong ESG (environmental, social and governance) aspects. Over the year ended 30 June 2019, Vietnam Holding delivered a negative return of 11.17%, […]
Rare underperformance from Baillie Gifford Japan – over the year to 31 August 2019, The Baillie Gifford Japan Trust net asset value total return fell by 5.3% compared to the 0.5% fall in the benchmark TOPIX index total return (in sterling terms). In this period the company’s share price total return fell by 7.4%. Nevertheless, […]
Something has to change at Jupiter UK Growth – During the twelve months to 30 June 2019 the total return on the net asset value of the company’s shares was -11.9% and, as the discount widened, the share price return was -15.4%. This compares with the total return on the company’s benchmark, the All-Share Index, of […]
JZ Capital exiting Xpress – Within the circular that covers the adoption of JZ’s proposed liquidity strategy, JZ Capital is also seeking approval for its plans to sell its entire interest in Xpress Logistics, a subsidiary of one of the portfolio companies, U.S. Logistics. The proposed sale would, in effect, be made to Capstone Logistics which is […]
In QuotedData’s other news 4 October 2019 – The Renewables Infrastructure Group raised £227.6m from an issue of shares that was “heavily oversubscribed”. It will issue 185m new shares. The money will be used to pay off its short-term debt and to finance new acquisitions. JPMorgan Indian failed to beat its benchmark (MSCI India) over the […]
Schroder Japan frustrated by short term performance over year to end July 2019 but sees value in portfolio and is prepared to raise gearing. Over the period, the NAV and share price total returns were -4.6% and -8.4%, respectively, compared with +1.0% produced by the TOPIX. The chairman said “The single largest frustration is in […]
Workspace books chunky profit on Farringdon sale – Workspace Group says that it has exchanged contracts for the disposal of 12-13 and 14 Greville Street in Farringdon for a total of GBP14.75m. The sale of the property is at a premium of 47.5% (GBP4.75m) to the 31 March 2019 valuation, a net initial yield of 1.3% […]
ScotGems board considering future – On 26 September, we told you that ScotGems’ manager had resigned – see story – last night, the board released the following statement: “On 25 September 2019 the company announced that Tom Prew had assumed the role of lead manager with immediate effect, with Tom Allen continuing as co-manager. Mr […]
Gore Street gets more Irish money – Gore Street Energy Storage says it has been successful in its first applications to manage energy storage projects in the Republic of Ireland. Under the terms of its agreement with the National Treasury Management Agency (NTMA), it will be able to draw down an additional £9.5m in funding […]
JPMorgan Emerging extends its run of good performance – over the year to 30th June 2019, the return to JPMorgan Emerging Markets shareholders was +21.5% and the return on net assets was +13.3%. This compares favourably against the benchmark index (the MSCI Emerging Markets index) which returned 5.0%. The revenue return per share for the year […]
