In QuotedData’s morning briefing 22 March 2022: Schroder British Opportunities (SBO) – managed by Tim Creed and Rory Bateman (pictured) – says that it thinks its portfolio of UK companies with strong growth prospects is a differentiated offer with appeal to all investors who believe in the UK recovery story. It therefore intends to increase […]
Strategic Equity Capital tender taken up in full – Strategic Equity Capital has announced the final results of its tender offer, as described in the circular to shareholders dated 28 February 2022. A total of 41,095,966 shares (equivalent to 64.9% of the shares in issue as at 6.00 p.m. on 18 March 2022 – the […]
Gresham House sale of Rockwood sparks rethink of future – Gresham House, parent company of Rockwood Realisation’s former investment manager, has sold its entire roughly 23.7% interest in the company to a number of institutional investors, including Rockwood Realisation’s current investment manager, Harwood Capital. Harwood now owns 28.9% of Rockwood Realisation and Richard Staveley, who now […]
Not only is it Spring – nice sunny days, great for solar funds – it is also results season. Funds with calendar year ends have started publishing their annual figures. One of these is AVI Japan Opportunities (AJOT). The prospect of interest rate rises has been overshadowing markets. This week, we finally saw the US […]
Renewables Infrastructure raising cash to invest in Hornsea One – The Renewables Infrastructure Group has exchanged contracts to acquire a 7.8% equity interest in the Hornsea One offshore wind farm in the UK from Global Infrastructure Partners. Following completion of the transaction, which is expected to take place at the end of H1 2022, Hornsea […]
Digital 9 makes a good start – Digital 9 Infrastructure has published its first set of results since its IPO in March 2021. It raised £300m then and expanded that by a further £450m over the course of the year. The year end NAV was 104.6p. The company also declared dividends totalling 4.5p (6p annualised), in […]
2021 was a good year for AVI Japan Opportunity – AVI Japan Opportunity Trust generated a NAV return of +12.3% and a return to shareholders of 10.0%, well ahead of its benchmark the MSCI Japan Small Cap Index, which returned -1.4%. Those numbers would have been higher were it not for a 9.6% fall in […]
In QuotedData’s morning briefing 17 March 2022: Gulf Investment has published details of the 100% tender offer that it promised investors late last year. Shareholders will need to be on the share register at 5:30pm on 21 March and tender forms must be submitted by 1pm on 31 March. The fund will be valued as […]
Modest gains for EP Global Opportunities in 2021 – EP Global Opportunities reports that its NAV total return for 2021 was 5.1% and its return to shareholders 4.6%. Revenue per share fell to 4.4p from 4.9p as the manager held onto cash. The fall in income underlying that was even greater as the calculation of […]
Wider discount mars an otherwise good year for ASCI – abrdn Smaller Companies Income (ASCI) had a good 2021, delivering an NAV return of 30.4%, well-ahead of the 21.9% return generated by the Numis Smaller Companies ex Investment Companies Index. Unfortunately, the discount widened from 10.3% to 15.3% and shareholders ended up with a return of […]
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