Schroder UK Mid Cap results for the 12 months ended 30 September 2024 came in behind its benchmark. The NAV total return for the period was 17.3% versus 21.4% from the FTSE Mid 250 ex Investment Trusts Index. The share price total return was +17.5%. The discount widened marginally, from 12.0% at the beginning of […]
Over the 12 months ended 30 September 2024, abrdn Equty Income Trust generated an NAV total return of 13.3% and a share price return of 10.4%. The NAV return was only just behind the 13.4% return posted by the All-Share Index, but the discount widened from 0.2% to 3.0%. Revenue per share for the period […]
In QuotedData’s morning briefing 28 November 2024: Scottish Oriental Smaller Companies (SST) says its lead manager Vinay Agarwal has left FSSA Investment Managers by mutual agreement. The trust’s new lead manager is Sreevardhan Agarwal, who is now in charge of the portfolio. Sree has acted as the company’s deputy manager and, latterly, co-manager for the past […]
Caledonia Investments is convening a meeting to ask shareholders to approve a ‘Rule 9 waiver’ – this is part of the Takeover Code. Currently, a ‘concert party’ of shareholders connected to the Cayzer family controls 49.49% of the trust’s shares and voting rights. Ordinarily, at its AGM it would ask shareholders to approve a Rule […]
Oakley Capital’s Oakley Capital Fund V is investing in Konzept & Marketing, a leading, independent managing general agent (MGA) in the German, personal non-life insurance market. Oakley will be investing alongside insurance veteran, Joachim Müller, former CEO of Allianz Commercial, who will oversee a buy-and-build strategy as chairman of the business. Oakley Capital Investments’ look-through […]
Edinburgh Worldwide’s board has been reviewing the trust’s strategy, execution, and recent performance. It has determined that change is needed “to put the trust back on a path to growth”. Some of the proposals need shareholder approval. Today it has published a circular setting out its plans for a change of investment policy, and a […]
As at 30 September 2024, HydrogenOne Capital Growth’s largest investment was in Sunfire GmbH. The trust’s stake represented 25% of its NAV. Sunfire has just announced a new 50-megawatt (MW) electrolyser contract with Ren-Gas, Finland’s hydrogen project developer, at its plant in Tampere. Sunfire will deliver five 10-MW pressurised alkaline electrolysis modules (which HGEN’s manager […]
VH Global Sustainable Energy Opportunities says its third solar and storage hybrid system in New South Wales, Australia, has completed the construction phase and has now been commissioned. The project came in on time and on budget. The company announced the completion of two hybrid systems in NSW three weeks ago. This raises the operational […]
The UK financial regulator – the Financial Conduct Authority (FCA) – has introduced a product labelling scheme aimed at preventing “greenwashing” – passing off funds as having ESG benefits that they don’t actually have. Impax Environmental Markets, which is the UK’s largest investment trust focused on environmental solutions and resource efficiency, has announced that it […]
In QuotedData’s morning briefing 20 November 2024: Starwood European Real Estate Finance (SWEF) reports a drop in its NAV from 105.61p at end September to 99.38p at end October. Most of this fall relates to an impairment provision made against one asset, but it is not saying what this is. HICL Infrastructure (HICL), reporting six-month […]
