Chrysalis Investments says its 31 December 2022 NAV was 128.26p, down 19.53p or 13.2% since 30 September 2022. Revaluations of four comanies took off 11.4p, foreign exchange movements accounted for a further 3.3p of the fall. There was limited portfolio activity over the quarter (several companies within the portfolio had raised fresh capital over the […]
In QuotedData’s morning briefing 1 February 2023: Macau Property Opportunities (MPO) says its board has agreed to roll the terms of the investment management agreement with Sniper Capital, with effect (retrospectively) from 1 January 2023. Accordingly, a management fee of $100,000 per calendar month for the calendar year 2023 will continue to be payable. Realisation […]
Edinburgh Worldwide recently published its annual results – covering the 12-month period to 31 October 2022 – and the figures are not great. Over the period, the NAV fell by 40.3% and the share price by 46.0%. The fund benchmarks its performance against the S&P Global Small Cap Index and this returned -6.8% over the […]
The FCA has started criminal proceedings against five individuals for conspiracy to commit insider dealing and money laundering. The FCA alleges that Redinel Korfuzi, Oerta Korfuzi, Iva Spahiu, Rogerio de Aquino and Dema Almeziad conspired to commit offences of insider dealing between 17 December 2019 and 25 March 2021. Specifically, the FCA alleges that Mr […]
JLEN Environmental Assets and HydrogenOne Capital Growth are making their first investments into the green hydrogen sector. JLEN is buying a 33% equity stake in Foresight Hydrogen Holdco GmbH. Foresight Hydrogen Holdco holds a 75% stake in HH2E Werk Thierbach GmbH, a Special Purpose Vehicle which owns the development rights to the Thierbach green hydrogen […]
In QuotedData’s morning briefing 26 January 2023: Literacy Capital (BOOK) has published its quarterly trading and NAV update for the three months ending 31 December 2022. The NAV rose to 420.6p from 384.9p, contributing to a total NAV return of +9.3% in the last three months and +51.7% in the last twelve months. Portfolio companies […]
CC Japan Income and Growth has pubished results covering the 12 months ended 31 October 2022. Over that period, the trust’s NAV return was -5.9% and the return to shareholders -7.1%. By contrast, the TOPIX index returned -9.5% The revenue return per share improved from 4.75p to 5.14p and from this the company declared dividends […]
In QuotedData’s morning briefing 24 January 2023: JPMorgan Global Income & Growth (JGGI) says its C share portfolio now has 77% commonality with its ordinary share portfolio. The C share portfolio contains holdings from JPMorgan Elect Managed Growth that the managers thought it might take some time to sell. The board decides when the time […]
The Bankers Investment trust has announced results covering the 12 months ended 31 October 2022. Over that period, the NAV total return was -11.3% underperforming the World Index by 8.5%. A widening discount meant that the share price total return was -13.4%. The wider discount emerged even though 18.2m shares (1.5% of the company) were […]
Trian Investors 1 is preparing to make an in-specie distribution of the Ferguson plc shares which were distributed from Trian Investors 1, L.P. to the Company on 6 January 2023. In exchange, there will be a compulsory partial redemption of Trian Investors 1 ordinary shares. The share distribution will be based on investors’ holdings of […]
