In QuotedData’s morning briefing 8 August 2024: Ashoka India Equity (AIE) has reminded shareholders that its annual voluntary redemption – where shareholders can, if they choose, cash in their shares at NAV – will happen at the end of September. If you want to take part, redemption requests need to be in by 5 September […]
Tritax Big Box REIT (BBOX) has reported a 1.2% uplift in its EPRA net tangible assets (NTA) to 179.33p per share over the six months to 30 June 2024. Its portfolio grew 0.7% in value over the period on a like-for-like basis (off the back of 1.9% growth in ERV). These were the first set […]
RTW Biotech Opportunities (RTW) has announced an investment in new portfolio company, Jade Biosciences. RTW, alongside other investment vehicles managed by RTW Investments LP, participated in Jade’s financing round that raised $80m for its launch. The funding will be used to support Jade’s plans to develop targeted therapies for indications with high unmet need across […]
The planned launch of Pershing Square USA (PSUS) – which at one stage Bill Ackmann was saying could raise $25bn – has been pulled after failing to attract sufficient investor interest. The target size of the IPO has been steadily shrinking – most recently to $2bn – but a cornerstone investor is said to have […]
Henderson Smaller Companies has published results covering the 12 months ended 31 May 2024. Over the period, the trust generated a NAV return of 14.5%, trailing the benchmark by 3.7 percentage points but outperforming the sector average of 14.1%. The discount narrowed a little (from 13.2% to 11.5%) meaning that shareholders got a return of […]
Pantheon International has published results covering the 12 months ended 31 May 2024. Over that period, the NAV return was 6.1%, behind comparators such as the All-Share (up 15.4%) or, more relevantly, the MSCI World (up 22.2%). Fortunately for shareholders, the board’s efforts to rein in the discount seem to be bearing fruit and that […]
The Renewables Infrastructure Group is selling a 15.2% equity interest in the 330MW Gode offshore wind farm in Germany for €100m. The buyers are funds managed by Equitix Investment Management Ltd. The price is a 9% premium to carrying value. The company is retaining a 9% stake in the project. That will bring funds freed […]
In QuotedData’s morning briefing 1 August 2024: Infrastructure India’s (IIP) nominated adviser has resigned. It doesn’t think that it can appoint a replacement. AIM Rule 1 provides it with one month to appoint a replacement nominated adviser. If no replacement nominated adviser is appointed within that timeframe, the admission of the company’s AIM securities will […]
Crystal Amber is in wind up mode, as its portfolio shrinks, it is becoming increasingly concentrated. One investment – Morphic Medical Inc. – is starting to dominate. Crystal Amber’s stake in Morphic represented close to 50% of the NAV at 30 June 2024. Morphic is the creator of RESET®, a medical device designed to target […]
Chrysalis has published its quarterly NAV report. At the end of June, the NAV was 145.51p, down 2.21p or 1.5% from the figure at end March 2024. A writedown in the valuation of wefox was offset by write up of other positions. The position in wefox has now been written down from £188.6m in October 2023, […]
