Atlantis Japan’s results for the year ended 30 April 2022 confused me as the chairman’s statement managed to avoid telling investors what the NAV return was. However, it is in the announcement – in the investment adviser’s report – and it’s not great – a -21.3% total return in a year where the TPOIX benchmark […]
Artemis Alpha says that its NAV fell by 21.9% and the share price by 24.8% over the year ended 30 April 2022 (on a total return basis). In comparison the benchmark All-Share Index rose by 8.7%. The chairman says that this was a disappointing result and points to a 5.9% fall in the 250 Index […]
abrdn New Dawn Investment Trust has published results covering its financial year ended 30 April 2022. In a difficult period for markets, the trust slightly underperformed its MSCI All Countries Asia Pacific ex Japan benchmark, returning -11.0% in nAV terms and -11.8% in share price terms against -9.2% for the benchmark. An unchanged dividend of […]
In QuotedData’s morning briefing 7 July 2022: NB Global Monthly Income (NBMI) says that investors submitted 25,500,417 shares to its cash exit offer (10.3% of the company). The tender was for up to 25% of shares held so all these shares will be redeemed at 81.92p (NAV less 2%). Some investments are less liquid than […]
The board of Round Hill Music Royalty Fund says that it welcomes the news that the US Copyright Royalty Board (CRB) III ruling has been upheld, allowing the royalty rates for songwriters and publishers to be paid at the increased headline rate of 15.1%, which comes into effect from 1 January 2022. The headline rates […]
In QuotedData’s morning briefing 5 July 2022: NextEnergy Solar Fund (NESF) has signed a two-year extension to its existing £70m revolving credit facility (RCF) with Santander UK. The revised facility comes with a margin of 160bps (1.6%) over SONIA, including an uncommitted option to extend the facility term for an additional twelve months if required. […]
ICG Enterprise Trust has made two new direct co-investments and invested in a secondary portfolio on behalf of its shareholders. Precisely On 15 June 2022, the trust invested in Precisely alongside Clearlake Capital and Insight Partners, both leading US private equity managers. Precisely operates in the software sector and is a market leader in data […]
Chelverton UK Dividend Trust has published results covering the 12 month ended 30 April 2022. The underlying portfolio fell by 8.1%, beating the MSCI Small Cap Index, which fell by 15.2%. However, the fall is amplified by the gearing provided by the trust’s zero dividend preference shares. The net asset value per ordinary share fell […]
Chrysalis Investment’s interim results, covering the six months ended 31 March 2022, confirm the reduction in its NAV from 251.96p to 211.76p. Net realisations of about £33m were generated in the period. Incoming cash came from: the sale of Embark Group (£57m of proceeds), sales of Wise (£18m at an average price of 588p), and […]
SDCL Energy Efficiency Income Trust has announced its financial results for the year ended 31 March 2022. The NAV total return for the period was 11.2%. Earnings per share of 10p (up from 7p) comfortably cover a dividend of 5.62p (as does cash generated by the portfolio which covered the dividend 1.2x). The dividend target […]
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