This morning, HM Treasury, the FCA, and Tulip Siddiq (Economic Secretary to the Treasury and City Minister) announced plans to reform UK retail disclosure rules. They also said that, in the meantime, investment trusts will be temporarily exempted from assimilated EU law requirements (i.e. compliance with EU-inherited Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulations). […]
Pacific Horizon has published annual results for the 12 months ended 31 July 2024. Over the period, the NAV total return was 4.8% and the share price total return was 5.1% compared with a total return of 6.8% for the MSCI All Country Asia ex Japan Index. [This puts a small dent in some very […]
In QuotedData’s morning briefing 17 September 2024: AVI Japan Opportunity (AJOT) made good progress over the first half of 2024, generating a return of 7.7% in NAV terms, well-ahead of the -0.2% return generated by MSCI Japan Small Cap and ahead of rival Nippon Active Value (NAVF) which also announced interims today and posted a […]
In its interim accounts, covering the six-month period ended 30 June 2024, Menhaden Resource Efficiency reported an NAV per share total return of 7.2%. The share price over the same period rose from 100.8p per share to 102.5p, giving a share price total return of 2.6%. The trust uses a benchmark of RPI +3%. The […]
Oakley Capital Investments has published results for the six-months ended 30 June 2024. The NAV has been out for a while but we now have more detail on the drivers of returns (26p or 4% return on NAV, would have been 6% but for adverse currency movements). The return to shareholders over the first half […]
Aquila European Renewables says that the board has consulted extensively with shareholders and believes that it would lose a continuation vote. It is now publishing a circular to convene a meeting at which shareholders will be asked to approve a managed wind-down of the company. Background A continuation vote in 2023 was built into the […]
In QuotedData’s morning briefing 12 September 2024: Harmony Energy Income (HEIT) says its 99.8 MWh / 49.9 MW Hawthorn Pit project (located in County Durham) and its 66 MWh / 33 MW Wormald Green project (located in Yorkshire) have been successfully energised and are expected to be fully operational in the coming weeks. Its portfolio […]
Keystone Positive Change’s board has identified a need for some kind of corporate action that addresses the size of the company, the low liquidity in its shares and the discount. It also wants to enable shareholders to retain exposure to a global impact strategy. The board will consult more widely with shareholders and to explore […]
abrdn UK Smaller Companies Growth Trust has published results for the 12 months ended 30 June 2024. Over the year, the NAV total return was 18.1%, well ahead of the 10.0% return generated by its benchmark (the Deutsche Numis Smaller Companies, plus AIM, ex Investment Companies, Index). A narrowing discount meant that shareholders did even […]
On 25 July, JPMorgan European Discovery published details of a tender offer for 15% of its shares. Today, it has revealed that 81,976,778 shares were tendered, almost four times the maximum 21,160,028 shares that the company intends to buy back. As not everyone tendered, anyone who tendered 15% or less of their shareholding will get […]
