Over the year to 30 September 2023, BlackRock Frontier Markets produced an NAV total return of +25.1% (in US dollars), compared to an increase in its benchmark index of +5.0%. For Sterling based shareholders, the equivalent return for the year was +14.3%, with the index returning -3.9%, representing an outperformance of 18.2%. The discount narrowed […]
In NAV terms, the 12 months ended 30 September 2023 were not great for abrdn Equity Income, which generated a return of 1.8%, lagging its All-Share Index benchmark by 12 percentage points. However, a narrowing discount rescued the situation somewhat, leaving shareholders with a return of 11.4% for the period. The chair’s statement notes that […]
Over the 12 months ended 31 August 2023, Henderson Far East Income delievered an NAV return of -13.0% and a share price return of -14.8% as compared to a -7.2% return on the FTSE All-Word asia Pacific ex Japan Index and a +0.1% return on the MSCI AC Asia Pacific ex Japan High Dividend Yield […]
RM Infrastructure Income (RMII) has published a circular convening a meeting to approve its managed winddown. In September, the manager’s run-off profile of the portfolio showed a forecasted weighted average remaining life of about 1.7 years from end-October 2023, with a liquidation of the company occurring in the second half of 2027. The manager has […]
In QuotedData’s morning briefing 30 November 2023: Following the passing of a resolution at its AGM yesterday, Reconstruction Capital II (RC2) will have its last day of dealings on AIM on 18 December 2023. CT UK Capital and Income (CTUK) published results for the 12 months ended 30 September 2023 that show it just failing […]
Vietnam Holding holds continuation votes every five years and the next is due this December. Dynam Capital has been managing the fund since June 2018. Over that period (up to end September 2023), the NAV is up 43%, outperforming the Vietnam Index by 30% and the Vietnam All Share Index by 20%. Over the past […]
Asian Energy Impact Trust (the former ThomasLloyd Energy Impact Trust) has a portfolio of 11 operating assets across India, the Philippines and Vietnam as well as two “pre-operational” assets, meaning in development or in construction, both in India. These two projects are the in-construction 200 MW DC solar PV project in Rewa Ultra Mega Solar […]
There is a lot of detail in the Autumn statement beynd the headline grabbing news of National Insurance cuts and alchohol duty freezes. With respect to our industry, we have the following: UK Retail Disclosure Framework – The government has published a draft statutory instrument setting out how it will replace the retained EU law […]
Dunedin Enterprise says that regulatory approval for its sale of Premier Hytemp (a manufacturer and supplier of engineered metal solutions held via the trust’s interest in Dunedin Buyout Fund II LP) has been secured. As at 30 September 2023 the investment was valued at £4.9m and the proceeds received from the transaction will match that. […]
In QuotedData’s morning briefing 21 November 2023: Gresham House Energy Storage (GRID) says that its 50MW West Didsbury project has been successfully energised, taking the portfolio’s operational capacity to 690MW. It is expected to be revenue generating in December. Installing two-hour batteries at West Didsbury in early 2024 will take the capacity of the site […]
