Asset Value Investors (AVI) has submitted its opinions on best practices for takeovers in Japan to the Fair Acquisition Study Group of the Ministry of Economy, Trade and Industry (METI). The response was in respect of a request made by METI as a public consultation announced on 22nd February 2023 We reproduce the text of this […]
Warehouse REIT has recently concluded the sale of two distribution estates totalling 269,000 per sq ft, for £29.5m, generating an ungeared IRR of 9%. The disposals comprise: 12 Exeter Way, Theale, a vacant 92,000 sq ft warehouse with a high office component, acquired by an owner occupier for £15.0m; and Temple House, Harlow, for £14.5m, […]
The board of The Investment Company says that, following a thorough review of available opportunities, the company has entered into discussions to: appoint Chelverton Asset Management Limited to act as its investment manager, with a new investment strategy of investing primarily in quoted equities of UK small and mid-cap quoted companies to achieve long-term capital […]
Foresight Sustainable Forestrymade three acquisitions during March 2023. The company deployed a further £9.9m into three properties in Scotland: Newnoth Farm: This asset has strong afforestation potential and is directly adjacent to Newnoth Forest, an existing mature forestry property within the portfolio. Together, these properties create a combined area of circa 234 hectares. Balnagowan: Neighbouring […]
International Public Partnerships has published results for 2022. The highlights are: A total NAV return of c.12.5% for the year to 31 December 2022. NAV per share increase of 7.3% to 159.1p from 148.2p driven by, among other factors, the positive impact of the portfolio’s inflation-linkage. Full-year dividend growth of about 2.5% to 7.74p supported […]
BBGI Global Infrastructure has published results for the year ended 31 December 2022. Over that period the fund generated an NAV return of 9.1%. [Bizarrely, in what is otherwise a lengthy and detailed report, the statement makes no mention of BBGI’s share price, which we can tell you fell from 175.6p to 156.6p over the […]
In QuotedData’s morning briefing 30 March 2023: RTW Venture Fund (RTW) was part of a consortium of funds managed by the same manager that participated in a $125m funding for Milestone Pharmaceuticals. Milestone is a publicly traded biopharmaceutical company, which is shepherding etripamil, its lead investigational product, through Phase 3 clinical trials for paroxysmal supraventricular […]
Temple Bar has published results for the year ended 31 December 2022. Unfortunately, the trust underperformed the All-Share over the year, returning -2.0% in NAV terms versus +0.3% for the index. The share price did a bit better with a return of +3.6%, however, helped by a narrower discount. The chairman notes that, since Redwheel […]
Foresight Solar Fund has secured a pipeline of development-stage solar farms with a total potential capacity of 467MWp. The entire project rights have been secured from Grupo Cuerva, a renewable energy company and distribution network operator, and another Spanish developer. This strategic investment – codenamed “Project Lynx” – is located across the south and east […]
In QuotedData’s morning briefing 23 March 2023: Gulf Investment Fund (GIF) has launched its latest 100% tender offer. Shares that are tendered will be put into a realisatin pool on 12 April, the pool liquidated and the proceeds (less about $100,000 of expected tender offer costs) returned to shareholders. There is a minimum size threshold […]
