Hipgnosis Songs Fund has published results for the year ended 31 March 2023. The independent valuer has left the discount rate used to calculate the fund’s NAV unchanged at 8.5% [some commentators will question the logic behind this given how far interest rates have risen. Given the complexities of valuing the fund and working out […]
Downing Renewables and Infrastructure has acquired a Swedish Electricity Distribution System Operator, Blåsjön Nät AB for about £7m. The deal involves the purchase of 100% of the share capital in Blåsjön, a regulated electricity distributor, which delivers 16-18 GWh per annum of electricity through medium and low voltage lines to its 1,547 domestic and business […]
Jupiter Green Investment Trust has published results for the year ended 31 March 2023. In NAV terms the trust delivered a total return of -0.4%, outperforming the wider Global Small Cap index, which returned -3.1%. Shareholders benefited from an improved rating as the discount narrowed from 18.7% to 13.4%, the share price delivered a +6.7% […]
CT UK High Income has announced that David Moss will succeed Philip Webster as its portfolio manager with immediate effect. The investment policy and objective will remain unchanged. David has worked at the investment manager (which became part of Columbia Threadneedle Investments in 2021) for 25 years, and is currently the head of European equities […]
Seraphim Space has authorised a share buyback programme. It hasn’t said how big that will be except to say that it wouldn’t use all of its permission to buyback up to 14.99% of the company. Neither has it set a discount target. [Nevertheless, shareholders will be pleased to see the board take some action to […]
In QuotedData’s morning briefing 13 July 2023: Round Hill Music (RHM) says that its Q1 2023 revenue was 94% higher year-on-year to $10.2m We also have results from Jupiter Green and Hipgnosis, an acquisition by Downing Renewables, a new manager for CT UK High Income, an update from Seraphim Space
Asset Value Investors Limited submitted eight shareholder proposals to NC Holdings. At the ordinary general meeting of shareholders on 29 June, three of these proposals passed while a further three achieved majority shareholder support. Proposals that passed: A special resolution requiring over two-thirds of the vote, amending the articles of incorporation to give shareholders the authority […]
Oryx International Growth reports a 5.9% decline in its NAV over the 12 months ended 31 March 2023. By comparison, benchmark indices fell by 19% on average. The second half of the period was better than the first, with a second half gain of 9.8% offsetting a first half fall of 14.6%. There is no […]
Schroder British Opportunities says that over the year ended 31 March 2023 its NAV increased by 3.1% to 107.32p. There is no dividend. However, the share price suffered a decline of -18.5% as the discount widened from ‑19.3% to -36.2%, which the chairman describes as frustrating. 1.1m shares were repurchased and are being held in […]
Gore Street Energy Storage says that the energisation process of its 79.9MW Stony asset in Milton Keynes has been scheduled with National Grid ESO to begin on 31 July 2023. The process is expected to take up to two weeks to complete. Once operational, the asset will bring the company’s total operational portfolio to 371.5MW. […]
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