International Public Partnerships has published results for the 12 months ended 31 December 2021. The NAV increased from 147.1p to 148.2p and dividends totalling 7.55p were declared. The company has set out dividend targets for 2022 of 7.74p (+5.2%) and 2023 7.94p (+2.6%). The chairman says that: “Whilst overall the portfolio performed well in 2021, […]
Temple Bar beat its benchmark over 2021 – the first full calendar year under Redwheel’s management – delivering a return on NAV of 24.3% against 18.3% for the All-Share. The total dividend for the year was 39.5p, up from 38.5p for 2020. A small part of this has, once again, been paid from revenue reserves. […]
M&G Credit benefits from discount narrowing but tougher times await – M&G Credit Income Trust has published results covering the year ended 31 December 2021. The fund exceeded its target return of LIBOR+4%, returning 4.3% against 4.1% for the benchmark. Rates are rising though and so this target is going to be tougher to achieve. The […]
In QuotedData’s morning briefing 24 March 2022: Starwood European Real Estate Finance (SWEF) generated an NAV return of 6.6% for the year ended 31 December 2021 and paid a reduced dividend of 5.5p (down from 6.5p). Subject to the discount triggered realisation mechanism not being activated, the directors will put forward a realisation vote no […]
EPE Special Opportunities results for the 12 months ended 31 January 2022 show its NAV increasing by a modest 4.1% and its share price by 14.0%, thanks to a narrower discount. Highlights within the portfolio: Luceco released its trading update for the year ended 31 December 2021 in January 2022, announcing strong revenue growth 36.0%. […]
Gore Street Energy Storage is holding a meeting of its shareholders on Monday 11, April 2022. Shareholders will be voting on proposed changes to the investment policy, and a proposed new initial issue and share issuance programme. The company intends to significantly increase the size of its portfolio and execute against its exclusive near-term pipeline […]
BioPharma Credit 2021 dividend uncovered by earnings – Over the course of 2021, BioPharma Credit generated an NAV return of 6.2% and a return to shareholders of 4.5% (as the discount widened slightly from 0.8% to 2.5%). Net income per share was 6.18 cents, meaning that the 7.29 cent per share dividend was not covered by […]
Over the course of 2021, European Assets generated a total return of 16.3% – ahead of the 14.9% return generated by the EMIX Smaller European Companies (ex UK) Index. Shareholders did even better as the discount narrowed by five percentage points. The return to shareholders was 23.2%. The dividend for 2022 (calculated at 6% of […]
On 21 March 2022, The Apax Digital Fund and Apax Digital Fund II, both of which are investments in Apax Global Alpha’s portfolio, announced an investment in ClearBank, one of the largest next-generation clearing and embedded banking platforms in the UK. On a look through basis, Apax Global Alpha is expected to invest about €5.4m. […]
Cordiant Digital Infrastructure has updated investors on its acquisition of Emitel, operational performance of CRA, sales progress at DataGryd, and an update on its pipeline. Emitel Emitel is a multi-asset digital infrastructure business based in Poland. It operates a network of communication towers, fibre-optics and a nationwide sensor network, serving major utilities. Cordiant Digital has […]
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