News

23 Feb 2023

Greencoat UK Wind targets inflation-matching dividend hike

Greencoat UK Wind has announced results for the year to 31 December 2022. Despite lower than budgeted wind speeds, which alongside the project-specific issues highlighted below, meant that the portfolio generated 5% less power than forecast, it did produce 4,362GWh of sustainable electricity and generated £560.1m of cash. Notable issues affecting portfolio availability were: a […]

23 Feb 2023

QuotedData’s morning briefing 23 February 2023

In QuotedData’s morning briefing 23 February 2023: Six months into its accounting year (which ends on 30 June 2023), Gulf Investments (GIF) had given up some ground with an NAV return of -1.8%. However, that compares well with a return of -7.1% on its benchmark. Unfortunately, the discount widened leaving investors with a return of […]

17 Feb 2023

Gore Street buys 200MW project in California

Gore Street Energy Storage Fund (GSF) has announced that it will acquire Big Rock, a 200 MW / 400 MWh energy storage project located in California, United States from Avantus. The project is part of a grid network that supplies electricity to 80% of California and a small part of Nevada. GSF’s investment manager estimates […]

13 Feb 2023

Augmentum gets boost as NatWest buys Cushon

Augmentum Fintech says that NatWest Group has agreed to acquire a majority shareholding in Cushon, one of Augmentum’s holdings. The deal will need regulatory approval. This transaction would represent Augmentum’s fifth successful portfolio investment exit, all of which have been at or above the last reported holding value. Augmentum first invested in workplace savings and […]

13 Feb 2023

International Biotechnology manager quits

SV Health (manager and AIFM for International Biotechnology) has informed the trust that it wishes to focus on its core healthcare venture business – quitting the job of managing the fund. Ailsa Craig and Marek Poszepczynski, the current lead managers, want to stay on in the role. The board has agreed that they will continue […]

13 Feb 2023

abrdn Smaller Companies Income Trust announces strategic review

abrdn Smaller Companies Income Trust says that, while it continues to deliver upon its investment objective (providing a high and growing dividend and capital growth from a portfolio invested principally in UK smaller companies and UK fixed income securities) its shares have continued to trade at a material discount to their net asset value for […]

13 Feb 2023

QuotedData’s morning briefing 13 February 2023

In QuotedData’s morning briefing 13 February 2023: Aquila Energy Efficiency (AEET) is holding a continuation vote on 28 February. A meeting has been convened for that date. [The continuation vote was brought forward from 2025. The shares are trading on a 32% discount (this has been widening again in recent weeks) and the trust is […]

09 Feb 2023

Third Point says defensive positioning held it back in Q4 2022

Third Point Investors has published an investor letter for the finanl quarter of 2022. Third Point LLC returned 1.2% in the flagship Offshore Fund during the fourth quarter of 2022, compared with the S&P 500 Index return of 9.9% and the MSCI World Index return of 7.5% in the same period. It says: Results for […]

09 Feb 2023

Vietnam Opportunity backs digital advertising platform

VinaCapital Vietnam Opportunity Fund has made a private equity investment in Chicilon Media Information Technology Vietnam Joint Stock Company (Chicilon Media), which it descrbes as “the leading inner-building advertising company in Vietnam”. VinaCapital is leading a consortium to invest $38m and the fund will put up $30m of this for an undisclosed stake and a […]

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