Trian Investors 1 invests in Ferguson – Trian Investors 1, which was set up to invest in a single stock and engage with stakeholders to improve the stock’s value, has finally made its move, acquiring a stake in Ferguson. Funds managed by Trian Fund Management, L.P. and Trian Investors Management, LLC, including the fund through […]
Syncona to step up capital deployment after great year – Syncona has announced a whopping 37.9% return on NAV for the year ended 31 March 2019. It has transformed its portfolio so that life sciences investments now account for £1.06bn of the fund’s £1.46bn NAV. Some highlights: foundation of three highly innovative portfolio companies OMASS Therapeutics […]
In QuotedData’s other news 13 June 2019 – Augmentum Fintech made follow on investments totalling £8.5m in three of its portfolio companies – Tide, Monese and Duedil. BBGI has topped up its investment in the A1/A6 road project in the Netherlands. The project was part of the Schiphol-Amsterdam-Almere expansion and involved the reconstruction and widening of a […]
John Laing Environmental Assets has released results for the year ended 31 March 2019. Over that period, the NAV rose from 99.6p to 104.7p; the trust met its 6.51p dividend target and announced a 6.66p target for the current financial year. The dividend was covered 1.2x by cash flow generated by the portfolio. The chairman […]
Edinburgh board sticking by Mark Barnett – Edinburgh Investment Trust generated a 2.9% return on NAV over the year ended 31 March 2019, 3.5% behind the return on the All-Share Index. The return to shareholders was 4.6%, aided by a small narrowing of the discount to 7.6%. The dividend for the year is 28p, up 5.3% […]
Monks outperforms again as Douglas McDougall bows out – Monks beat its benchmark over the year to the end of April 2019, returning 12.0% in NAV terms against 11.7% for the World Index. The share price total return for the same period was 12.7%. A single final dividend of 1.85p is being recommended, compared to 1.40p last year. […]
Lindsell Train reiterates premium health warning – Lindsell Train has published results for the year ended 31 March 2019. The company uses “The annual average running yield on the longest-dated UK government fixed rate bond (currently UK Treasury 3.5% 2068) calculated using weekly data, plus a premium of 0.5%, subject to a minimum yield of 4.0%.” […]
In QuotedData’s other news 12 June 2019 – Picton Property Income plans to raise money via a placing of shares at 94.5p, a discount of 2.4% to the closing share price on 11 June 2019 and a premium of 1.9% to the last reported EPRA NAV as at 31 March 2019 of 92.7p. The money will be used […]
Hipgnosis buys catalogue from Sam Hollander – Hipgnosis Songs Fund Limited has acquired a music catalogue from Sam Hollander, an American songwriter and producer whose songs have achieved 10 number 1, 47 top 5 and 74 top 10 chart positions globally. Sam Hollander has co-written multi-platinum certified hit songs for Fitz and the Tantrums, One Direction, […]
Augmentum Fintech off to a good start – Augmentum Fintech has published its first set of accounts covering the period from launch to 31 March 2019. The NAV immediately after launch was 99p, at the end of the period it stood at 109.6p. The shares were trading at a small premium to that level. The […]
