In QuotedData’s morning briefing 28 July 2022: Ecofin US Renewables (RNEW) says that its end June NAV was 97.32 cents, down slightly from the figure of 97.64 cents at end March. The main infuences on the NAV over the quarter were an inflation/interest related increase in discount rates used to value the portfolio (-$3.5m) offset […]
Gore Street Energy Storage has published results for the year ended 31 March 2022. Over that period, the fund more than doubled in size (and the recent £150m fundraise makes it larger still) and the NAV total return was 13%. The return to shareholders was 11%. Dividends totalling 7.0p per share were declared in line […]
MIGO Opportunities has published results for the 12 months ended 30 April 2022. Over that period, the NAV return was 4.7%, the share price return 2.7% and the return on the benchmark – the return on cash, as measured by SONIA, plus 2% – was 2.2%. The chairman says that the principal drivers of performance […]
In QuotedData’s morning briefing 26 July 2022: The Allianz technology team has moved en masse across to Voya Financial and it is now the investment adviser to Allianz Technology (ATT). The board is confident that there will be minimal impact on the management of the portfolio, It is anticipated that there will be no change […]
Baker Steel Resources Trust says that it and the other shareholders of Bilboes Gold have signed an agreement to sell Bilboes to Caledonia Mining Corporation for a total consideration of 5,123,044 Caledonia shares and a 1% net smelter royalty on Bilboes’s gold project. Completion of the transaction is subject to a number of conditions precedent […]
In QuotedData’s morning briefing 21 July 2022: NB Global Monthly Income (NBMI) is increasing its target distribution rate to 6.75% of NAV per year for the rest of 2022. The increase reflects the positive effect of rising interest rates (especially higher US rates – US loans account for about 80% of the fund) on the […]
Rising Sun Management, investment advisor to Nippon Active Value Fund, has sent a letter to the management of Intage Holdings (a Japanese marketing research firm), to notify it of several proposals that will be made at Intage’s forthcoming Annual General Meeting. A friendly management buyout (MBO) proposed in February 2022 has been rejected by Intage. […]
Miton UK Microcap Trust has announced its annual results for the year ended 30 April 2022. Over this period, the NAV fell from 104.83p to 91.05p, a negative total return including dividends reinvested of 13.1%. The share price fell from 104.50p to 86.50p, a negative return of 17.2%. The net revenue return was positive (£159,000 or […]
In QuotedData’s morning briefing 19 July 2022: In GCP Asset Backed Income’s (GABI) latest NAV (as at 30 June 2022), the co-living group loan (discussed on our weekly show on 8 July) has been revalued, taking 1.21p off the NAV. The directors took advice from the company’s valuation agent and investment manager, considered a range […]
The results of the fourth round of the UK’s subsidy auction have been announced. They include 7GW of new offshore wind coming at a price of £37.35/MWh, 2.2GW of solar, almost 900MW of onshore wind and new tidal stream and floating offshore wind projects. A full list of approved projects is available here. We note […]
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