Over its financial year ended 30 April 2022, Personal Assets generated a return of 7.1% in NAV terms and 8.0% in share price terms. Inflation (measured by RPI) was 11.1% over that period and the return on the UK market was 8.7%. Personal Assets’ returns came from a highly defensive portfolio. At 30 April 2022, […]
In QuotedData’s morning briefing 9 June 2022: NextEnergy Solar Fund (NESF) now has its hundredth operating solar asset, an 181kW commercial rooftop solar power asset located on a Holiday Inn in Nottinghamshire. The asset benefits from an attractive 25-year power purchase agreement for 100% of its generated volume. This is the final investment under the […]
Simon Knott, the investment director of Rights and Issues Trust, intends to retire as the investment manager with effect from 1st September 2022. However, he will remain a non-executive director of the company. With the help of external consultants, the board carried out a review of potential investment managers. It has decided appoint Jupiter Unit […]
Downing Renewables & Infrastructure Trust is aiming to raise £50m through an issue of up to 45,669,495 new ordinary shares at 111p per share, and to establish a 12-month share issuance programme to issue up to 250m ordinary shares (less the number issued under this initial issue). Shareholders need to approve these plans. The net […]
Apax X, one of the funds that Apax Global Alpha has backed (to the tune of $450m in July 2019), is making an agreed bid for EcoOnline. On 2 June 2022, the Apax X Fund announced that it has reached an agreement with the board of EcoOnline Holding AS, an Environment, Health and Safety software-as-a-service […]
Chysalis Investments’ board has appointed a new independent valuation committee in preparation for its previously announced move to a self-managed structure, which will take effect from 1 July 2022. The management team at Jupiter, led by Richard Watts and Nick Williamson, will be unaffected. However, the company will assume direct responsibility for the valuation process. […]
In QuotedData’s morning briefing 7 June 2022: US Solar Fund (USF) has bought a further 25% interest (Tranche 2) in the 200MWDC Mount Signal 2 solar plant, taking its total ownership to 50% or 100MWDC. The deal was funded with available cash. US Solar Fund’s portfolio now comprises 42 fully operational assets with a combined […]
Fidelity China Special Situations reports that, over the year ended 31 March 2022, its benchmark index, the MSCI China Index, fell by 29.3%, giving up all of the gains it had made during the previous twelve months. The trust’s net asset value fell by 34.9% as gearing took 10.9 percentage points off returns, outweighing the […]
BMO UK High Income Trust says that over the year ended 31 March 2022, it generated a return on NAV of 1.9%, an ordinary share price return of 0.6%, and a B share return of 1.6%, all well-behind the 13.0% return on the All-Share index. Total distributions on the ordinary shares increased by 2.8% to […]
Schroder Real Estate Investment Trust is buying St. Ann’s House in Manchester, for £14.7m, reflecting a net initial yield of 7.8%, a reversionary yield of 9.1% and a low average capital value of £283 per sq ft. The mixed-use office and retail asset generates £1.22m per annum of headline rent compared with an estimated rental […]
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