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 […]
QD view – as Trump’s nominees for his cabinet court controversy, we have a look at some possible implications. On Thursday, we published a note on Polar Capital Global Healthcare – Vital signs are good. In it, we highlighted the managers’ belief that the sector is well-positioned to underpin the sector’s growth story for the […]
HydrogenOne says the local court of Berlin-Charlottenburg has now approved the applications of HH2E and HH2E Werk Lubmin GmbH for self-administration proceedings. HH2E has also appointed restructuring experts to assist with the self-administration process and to seek a buyer for the business. No recovery of the company’s investment is anticipated through the insolvency process. HydrogenOne […]
Scottish Oriental Smaller Comapanies has published a decent set of results covering the 12 months ended 31 August 2024. Over that period, the NAV return was 18.6%, well ahead of the 13.5% return on MSCI AC Asia ex Japan Small Cap, and the return to shareholders was 16.5%. The managers have earned a performance fee […]
In QuotedData’s morning briefing 14 November 2024: BlackRock Sustainable American Income Trust (BRSA) is changing its name to avoid any issues with the FCA’s new Sustainability Disclosure Requirements (SDR) which come into effect on 2 December 2024. The company will still seek to deliver a superior ESG outcome when selecting investments, but will remove the […]
Klarna Group says that it has submitted a draft Registration Statement on Form F-1 to the Securities and Exchange Commission (the SEC) relating to a proposed initial public offering (IPO) of its ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The […]
Baillie Gifford China Growth Trust (BGCG) has announced the introduction of a performance related tender offer following an internal review. In the event that the company’s net asset value total return does not exceed the benchmark total return (MSCI China All Shares index in sterling terms) over the period beginning from the NAV announcement in […]
QD view: The budget has been dominating headlines this week. We set the scene and covered the big changes in the budget earlier in the week. The question is, what effect will this have on the UK economy and the trusts that are exposed to it? National Insurance hit to big employers This week’s interview […]
VH Global Sustainable Energy Opportunities has completed the construction and commissioning of two solar and storage hybrid systems in New South Wales, Australia. The assets comprise solar PV sites with DC-coupled two-hour 4.95MW battery energy storage systems . The trust already has two operational assets in Australia. Following the completion of these two sites, 67% […]
BioPharma Credit has made a new investment in a US$35m tranche of a US$200m senior secured loan to Alphatec Holdings, Inc. BioPharma Credit Investments V (Master) LP also took an additional US$35m tranche. The pre-existing loan was assigned to the BioPharma funds by Braidwell Transaction Holdings LLC – Series I, it will retain the remaining […]
