GCP Infrastructure says that at close of business on 30 September 2024, its NAV was 105.22p, down 2.36p from the figure at end June 2024, which is disappointing. However, GCP says it won’t tell us what drove this move as “The company is in active due diligence and negotiations on disposals of material components of […]
In QuotedData’s morning briefing 24 October 2024: Alliance Witan’s investment manager, Willis Towers Watson has completed the transition of assets from Witan Investment Trust to Alliance Witan (ALW). Blackrock Inc. helped to manage the transition and keep the costs to a minimum. While Blackrock was completing the transition of assets, WTW took the opportunity to […]
Ocean Wilsons Holdings Limited says its wholly-owned subsidiary, OW Overseas (Investments) Limited has agreed to sell its 56.47% interest in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl, a wholly-owned subsidiary of MSC Mediterranean Shipping Company SA, for R$4.352bn ($768m) or R$17.50 per share. After Brazilian withholding tax, the net proceeds should be about […]
International Public Partnerships says that BeNEX, its portfolio company, has successfully completed the acquisition of Abellio’s regional rail operations in Germany. BeNEX will become one of the largest providers of local rail passenger transport in Germany. The trust owns all of BeNEX. BeNEX is an investor in both rolling stock and five train operating companies […]
Ashoka India Equity has published results for the 12 month period ending 30 June 2024. The trust delivered great absolute returns but actually underperformed over this period, returning 35.5% in NAV terms and 35.9% in share price terms as compared to 37.7% for the MSCI India IMI Index. There is no dividend. The trust’s shares […]
Over the 12 months ended 30 June 2024, Gulf Investment Fund generated a NAV return of 10.2%, well-ahead of the 2.6% return on its benchmark (S&P GCC Composite Index). Since the mandate widened from Qatari-focused to Gulf-wide in December 2017, NAV has risen 198.7% (dividend adjusted), as against the 85.3% returns recorded by S&P GCC […]
Dignity, the UK’s leading funeral services business is owned by Castlenau (see our interview on 4 October). It is buying Farewill, a company in Augmentum Fintech’s portfolio at a valuation for the entire business of £12.9m. Farewill, founded in 2015 by Dan Garrett (its current CEO) and Tom Rogers, offers a range of later-life products, […]
In QuotedData’s morning briefing 17 October 2024: Octopus Renewables Infrastructure Trust (ORIT) has completed the purchase of a newly constructed 42MW solar farm located close to Dublin, Ireland. Together with the four nearby operational solar farms bought earlier this year, the five-site solar complex now totals 241MW (the largest solar complex in Ireland) and will […]
In QuotedData’s morning briefing 15 October 2024: Bellevue Healthcare (BBH) says that redemption requests were received for the 22 November 2024 redemption point for 163,834,887 shares, representing 36.34% of the company’s issued share capital. Given the size of the proposed redemption, the board is proposing to create a redemption pool (carving off a slice of […]
The European Smaller Companies Trust has published results covering the 12 months ended 30 June 2024. The NAV total return of 12.0% was 1.9% ahead of the benchmark MSCI Europe ex UK Small Cap Index. The share price total return was 19.5%, reflecting a narrowing of the discount. The company repurchased a total of 6.4m […]
