In QuotedData’s morning briefing 31 May 2022: On 6 May 2022, Foresight Sustainable Forestry (FSF) completed the acquisition of Dove Hill, an afforestation project near Dalry, Scotland with a total area of 70 hectares. The property is said to be well suited for the establishment of a high-yielding woodland creation scheme. It will increase the […]
Edinburgh Investment Trust shareholders may be disappointed that their return for the year ended 31 March 2022 failed to match that of the All-Share. The problem though was one of a widening discount rather than the underlying NAV return. Over the period, the NAV return was 14.1% to the index’s 13.0%, but the return to […]
Over the year to end March 2022, Caledonia Investments produced an NAV return of 27.9%. The dividend was increased by 3% to 64.8p (55th consecutive year of dividend increases), but on top of that the board is proposing a special dividend of 175p. The special dividend is being funded from the profits of two large […]
Over the 12 months ended 31 March 2022, Shires Income underperformed its All-Share benchmark by 1.6%, returning 11.4% in NAV terms to the index’s 13.0%. A narrowing discount helped shareholders do better, however, giving them a return of 18.4%. It was the portfolio’s structure that held things back. A 2.8% return on the portfolio’s preference […]
In QuotedData’s morning briefing 26 May 2022: The Financial Times has a story that there will be a windfall tax on oil and gas firms but, not yet at least, one on energy generators. The idea of an energy generation tax is said to be too complex to implement in a short timeframe. The BBC […]
A story in today’s Financial Times seems to have triggered a slide in the share prices of a number of renewable energy companies. Rishi Sunak is said to be exploring the possibility of a windfall tax on all energy generating companies, including those in the renewable energy sector, as well as oil and gas companies. […]
Greencoat Renewables is buying a 65MW portfolio of operating wind farms in France from Axpo, Switzerland’s largest producer of renewable energy. The acquisition comprises four wind farms, each of which benefits from long-term contracts with the French government. The 16MW Arcy-Précy windfarm is located in the Burgundy region of France and consists of eight Vestas […]
Over the twelve months to 31 March 2022, Scottish Mortgage returned -13.1% in NAV terms and -9.5% in share price terms as compared to a 12.8% increase in the All-World Index. The chair says “these last couple of years have been extraordinary and do not offer a suitable timeframe over which to judge investment returns” […]
Asset Value Investors (AVI), manager of AVI Japan Opportunities, has submitted shareholder proposals to SK Kaken addressing six issues which it feels contribute to that company’s poor share price performance, low valuation, and potential delisting from the Tokyo Stock Exchange (TSE). AVI says that, despite a high-quality business model and a dominant share of the […]
HICL Infrastructure has invested in fibre broadband for the first time, buying a 55% shareholding in ADTIM SAS in France from DIF Capital Partners. Following completion, ADTIM will represent approximately 2% of HICL’s portfolio, by value. ADTIM is an independent wholesale fibre network providing low density rural areas in the South of France with 18,300km of […]
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