The Renewables Infrastructure Group (TRIG) has exchanged contracts to acquire a further 11% equity interest in the Merkur offshore wind farm, located in the German North Sea. This incremental investment is approximately 2% of TRIG’s portfolio value. Upon completion TRIG will hold a 36% equity interest in Merkur, the total stake in the project will […]
Round Hill Music Royalty Fund says that its Net Publisher’s Share (the amount received by the music publisher after deduction of all fees, commissions and all royalties and other shares of income payable to third parties) for the first nine months of 2022 was $21.8m, up from $16.0m for the nine months to 30 September […]
Over the 12 months ended 30 September 2022, Majedie Investments produced an NAV total return of -18.2% and a return to shareholders of -24.9%. This compares with a 4% fall in the All-Share and a 4.2% fall in the MSCI All Countries World Index. The dividend was cut from 11.4p to 10.4p (1.8p of which […]
In QuotedData’s morning briefing 20 December 2022: Geiger Counter (GCL) published results in which it reported an NAV return for the 12 months ended 30 September 2022 of 2.2%. A fall in the uranium price in the second half of the period weighed on returns. The NAV return was also diluted by the subscription rights […]
2022 has been a tough old year, with investors being visited by their own kind of Ghost of Christmas Past. One whose name is inflation, a long-forgotten spectre. 2022 has seen, for some countries, a truly parabolic growth rate of inflation. While pundits had predicted that the post-COVID rebound in activity would be a possible […]
Foresight Sustainable Forestry has published results covering the period from its incorporation on 31 August 2021, through its listing on 24 November 2021, to 30 September 2022.The NAV per share at the end of the period was 105p, which it says means that it generated a total return of 5%, but the convention is to […]
Oakley Capital Investments has committed €30m to Oakley Capital PROfounders Fund III, a venture capital fund focused on investments in entrepreneur-led, private businesses across Europe and part of the Oakley Capital family of funds. The announcement says that “Reflecting Oakley’s entrepreneurial ethos and investment strategy, PROfounders III will continue its proven investment strategy, leveraging its […]
Over the 12 months ended 30 September 2022, GCP Infrastructure’s NAV rose from 103.99p to 112.80p. Higher electricity prices had a significant positive effect on returns even after the Valuation Agent reflected the expectation of an electricity price cap being applied to generators, capping the expected price for 2023 and 2024 at £150 per MWh. […]
Octopus Renewables Infrastructure Trust says that construction work on its Cerisou Wind Farm in France has been completed and the site is now fully operational. This onshore wind farm project was acquired in October 2020, construction commenced in mid-2021, and the site started generating power during Q3 2022, in line with expected timelines. The 24MW […]
Harmony Energy Income Trust has completed its £21.5m purchase of three ‘shovel-ready’ pipeline energy storage projects totalling 181.9 MW / 363.8 MWh, increasing the portfolio to nine projects with a total capacity of c.500MW / 1GWh. These deals were done under an agreement that the trust secured at IPO which gave it a right of first […]
