Swiss trusts top performers among bio sector specialists in Feb – Switzerland’s HBM Healthcare Investments (HBMN.S) and BB Biotech (BBB.S) were the best performing biotech/pharma specialist investment trusts in February and indeed were the only ones of the 13 monitored by Marten & Co to have recorded any increase in NAV (in sterling terms) in the month. However, […]
Marwyn announces Safe Harbour float – Safe Harbour Holdings plc has today announced its intention to float on the AIM market of the London Stock Exchange, raising a further £22.7m, with backing from a number of institutional investors, and bringing the total funds raised to date to £32.7m. Safe Harbour has been established with the […]
Bill Ackman’s Pershing Square tender blocked by Dutch authorities – the tender offer for $300m worth of Pershing Square Holding’s publicly traded shares announced on 2 January 2018 will not proceed. The company says that the Dutch Authority for Financial Markets’ ( Autoriteit Financiële Markten , “AFM”) interpretation of certain applicable rules regarding the proposed tender offer make […]
Third Point to sort out its discount – The board of Third Point Offshore Investors says it is committed to maximising shareholder value and protecting the interests of all the company’s stakeholders. The plan includes: a move to the Official List qualification for the FTSE UK Index Series conversion of sterling shares to US dollar shares a new […]
JPMorgan European Smaller manager departs after 23 years – in a terse statement, JPMorgan European Smaller Companies has revealed that its manager of 23 years no longer wants to run the fund. “After 23 years of being involved in the successful management of the JPMorgan European Smaller Companies Investment Trust Plc, Jim Campbell has returned […]
Syncona records flat month for NAV in January with small share price rise UK hybrid biotech investor/fund-of-funds Syncona (SYNC) recorded an essentially flat month for NAV in January, with a small decline overall recorded for its three largest investments – presumably in part related to the weakening of the dollar – offset by a gain of an […]
International Biotech records modest rise in NAV in Jan SV Health-managed International Biotech Trust (IBT) reported a 1.4% rise in NAV and saw a 0.4% rise in its share price in January, according to its latest monthly update. The outcome was a little under the 2% rise in the sterling adjusted value of the NASDAQ […]
Worldwide Health swaps out Lilly for Merck OrbiMed-managed Worldwide Healthcare Trust (WWH) appears to have boosted its shareholding Merck & Co at the expense of Eli Lilly over the last few weeks, according to its latest update (see factsheet). Merck, which was outside the trust’s top 10 holdings in December, now ranks as the trust’s largest investment […]
Greencoat ongoing charges drop as it breaks £1bn market cap – Greencoat UK Wind PLC has reported results for the year ended 31 December 2017. Its total shareholder return for the year was 8.4%. The NAV per share increased from 107.0p on 31 December 2016 to 109.6p on 31 December 2017, an increase of 2.4%. Declared dividends […]
VinaCapital Vietnam invests in local poultry company – VinaCapital Vietnam Opportunity Fund has invested in Ba Huan JSC, Vietnam’s leading producer of pasteurised eggs and poultry meat. The fund has invested USD32.5 million to acquire a significant minority stake in the company and may also invest a moderate amount of additional capital during the next twelve months as […]
