The NAV total return for Augmentum Fintech over the 12 months ended 31 March 2025 was -3.5%. The discount widened from 40.0% to 47.4%, leaving shareholders with a return of -15.4%. The chairman feels that it was a frustrating year. He says “our portfolio continues to deliver impressive operating performance, we have made two exciting […]
Geiger Counter’s interim results, covering the six-month period that ended on 31 March 2025, were published late yesterday. The NAV fell by 37.5% to 33.71p but, as the discount closed, the share price fell by 24.5%. During the period, the trust repurchased 7,989,430 shares at a cost of £3.9m. Since the end of March, a […]
CQS Natural Resources Growth and Income has survived its 100% tender offer. 29,334,059 shares (45.72% of the shares in issue) were tendered. A slice of the trust’s portfolio equating to 45.72% of its assets has been transferred into a ‘tender pool’. These assets will be liquidated and the cash handed back to the tendering shareholders. […]
In QuotedData’s morning briefing 1 July 2025: Golden Prospect appears to have struck a deal with Saba. Schroder Income Growth has lost one of its managers, Vinacapital Vietnam’s manager has increased its stake in the company. Crystal Amber is launching a £2.5m buyback. JPMorgan Core Real Assets has published its annual results [but these relate […]
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Cordiant Digital Infrastructure’s results for the year ended 31 March 2025 are pretty good. The NAV rose from 117.9p (adjusting for the dividend) to 129.6p. That translated into an NAV total return of 11.6%. The share price total return was 43.1%, driven by a substantial narrowing of the discount. The dividend has been upped by […]
Montanaro European Smaller Companies has published results for the year ended 31 March 2025. The NAV return lagged that of the MSCI Europe ex-UK SmallCap Index benchmark, returning -1.1% to the index’x 1.3%. However, discount narrowing (from 13.7% to 8.3%) meant that shareholders got a return of 5.1%. During the year, the company bought back […]
JPMorgan European Discovery has published results for the 12 months ended 31 March 2025. The trust beat its MSCI Europe ex UK Small cap benchmark, returning 2.9% to the index’s 1.3%. A narrowing of the discount from 10.6% to 7.3% meant that shareholders got a return of 7.0%. During the year, the company repurchased 14,660,188 […]
Syncona’s board is planning to offer shareholders a vote on a change of investment policy. The proposal is for an orderly realisation of its assets. The aim will be to return cash to shareholders in a timely manner while maximising value. A new capital allocation policy would allow the company to support existing portfolio companies […]
JPMorgan Core Real Assets has now fully redeemed its holding in the Mezzanine Debt Strategy and the majority of its holding in the Infrastructure Strategy. That equates to about 29.3% of its end November 2024 NAV. The board observes that the first five months of 2025 have been an exceptionally volatile period for all financial […]
