Gresham House Energy Storage has published a trading update ahead of the publication of its results in April 2024. It says that it is still impacted by a weak revenue environment, due to a combination of: battery energy storage (BESS) still being significantly under-utilised in National Grid ESO’s Balancing Mechanism – its forum for trading […]
In QuotedData’s morning briefing 1 February 2024: CVC Income & Growth (CVCE / CVCG) is holding a tender offer in March. As part of this it is offering shareholders the chance to sell their shares on to third parties rather than wait for the tender. The broker Winterflood will try to sell the shares but […]
GCP Asset Backed Income has published more information on its portfolio and its strategic review. In addition, an updated portfolio report is now on the company’s website at https://www.graviscapital.com/funds/gabi-strategic-review/literature. Portfolio repayment profile As at 31 December 2023, the company was invested in a portfolio of 42 asset backed loans with a weighted average loan duration […]
The sale of a €34.6m stake in European supermarket group Action has freed up funds that abrdn Private Equity Opportunities now intends to use to fund a share buyback. [The trust’s discount is – in our view – ridiculously and unjustifiably wide. Currently it trades on a 38.4% discount to an NAV that is likely […]
Bluefield Solar has progressed the deal with GLIL Infrastructure that was announced late last year. It has invested £20m in the joint venture partnership that is acquiring the Lightsource bp portfolio of solar assets. The 58 operating site Lightsource bp portfolio is comprised of: 184MW backed by Feed in Tariff (FiT) subsidies, 15MW by Renewable […]
Market conditions in Japan continue to suit CC Japan Income and Growth which has just reported an NAV return of 18.9% for the year ended 31 October 2023, well ahead of the 12.0% return reported on TOPIX, the benchmark. Shareholders got a return of 20.9% as the discount narrowed. Returns would have been higher but […]
In QuotedData’s morning briefing 25 January 2024: Invesco Asia (IAT) says that from 1 May 2024, its two co-portfolio managers will swap roles, with Fiona Yang taking the lead from Ian Hargreaves, but will both continue to work very closely together on the portfolio. The directors say that they have been impressed by Fiona’s contribution […]
The Chrysalis share price has been rising in recent days on the back of hope that Klarna, one of its largest investments, was considering an IPO. The CEO Sebastian Siemiatkowski was interviewed recently by Bloomberg and talked about his thoughts on an IPO of the company. The valuation of Klarna was written up and then […]
Aquila Capital Investmentgesellschaft (Aquila European Renewables’ manager) and Commerzbank have entered into a strategic partnership, with Commerzbank buying a 74.9% stake in Aquila Capital Investmentgesellschaft. Aquila Group will remain permanently engaged as a shareholder with its remaining shares and will be responsible for operational and investment continuity. The agreement was signed on 20 December 2023 […]
Edinburgh Worldwide says that, for the 12 months ended 31 October 2023, its NAV decreased by 23.6% and share price by 27.7%. By contrast, the S&P Global Small Cap Index total return was -4.3% (in sterling terms). The discount ranged between 6% and 23.6%, averaging 17%, and ended the period at 17.4%. Today, the discount […]
