The board of Scottish Mortgage Investment Trust has announced certain role changes on the board resulting from succession planning which it says has been developed and supported by all of the directors over the course of the last 12 months: Mr Justin Dowley, the senior independent director, will succeed Ms Fiona McBain as chair with […]
Downing Renewables and Infrastructure has announced an NAV as at 31 December 2022 and an update on operational performance. The NAV was 118.6p, up 0.8% on the NAV as at 30 September 2022 and after the payment of the dividend of 1.25p. The movement in NAV during the quarter was attributable to several factors: Portfolio […]
AVI Japan Opportunity Trust has published results for the year ended 31 December 2022. Over the period the NAV total return was -4.3% and the share price return -4.5%, both a little behind the return on the MSCI Japan Small Cap Index (in sterling) which was -1.1%. The chairman notes that performance across the portfolio […]
Schroder Asian Total Return has published what it describes as a disappointing set of results for the year ended 31 December 2022. The NAV total return was -12.7%, underperforming its performance benchmark which fell by 7.1%. The share price total return was -17.4%, as the shares moved from trading at a premium to NAV at […]
In QuotedData’s morning briefing 16 March 2023: Highbridge Tactical Credit Fund (HTCF) recently received final distributions from Highbridge Multi Strategy Master Fund and Highbridge Tactical Credit Master Fund. There will now be a compulsory redemption of about 95% of the outstanding shares, made at the December 2022 NAV of £2.6368 per share. There will also […]
A number of funds made comments on the fallout from the collapse of Silicon Valley Bank and Signature – as far as we can tell, there is nothing earth-shattering here. HarbourVest may be worrst-affected. Although as the managers of Polar Capital Global Financials Trust suggest, this episode may not be quite over yet. NB Private […]
International Biotechnology Trust is in line for a big jump in its net asset value as its largest holding has been bid for. The trust owned 200,000 shares in Seagen Inc on 10 March, valued at $34.5m, making it the largest position in the trust, accounting for about 10.2% of the portfolio. On 13 March […]
Weiss Korea has published a circular in connection with its latest realisation opportunity. When the company was launched in 2013, it committed to offer shareholders the opportunity to elect to realise all or a part of their shareholding on or prior to the fourth anniversary of its admission to AIM and every two years thereafter. […]
From the AGM results announcement for Henderson Opportunities: While the board is pleased to see the 75.82% support for the continuation of the company from the shareholders who voted, it acknowledges the proportion of the vote against resolution 11 (the continuation vote). The board also notes that only 26.56% of total voting rights were cast […]
Oakley Capital Investments has reported an NAV return of 24% for 2022, way ahead of comparable indices. Unfortunately, discount widening left investors with a return of +1%. However, even that compares favourably with an -8.1% return on the MSCI All Countries World Index, for example. The company uses the All-Share as a performance benchmark, that […]
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