In QuotedData’s morning briefing 8 December 2022: Hipgnosis Songs (SONG) has published its interim accounts. Net cash generated from operating activities rose by 6.9% to $45.5m, but the interest paid rose to $15.0m from $10.7m and the fund incurred additional borrowing costs of $6.2m as it fixed the cost of its debt. A weaker US […]
Schroder UK Mid Cap’s results for the 12 months ended 30 September 2022 reflect the headwinds facing the UK over that period. The NAV total return for the year was -30.0% compared to -26.8% from the benchmark (the FTSE 250 ex Investment Trusts Index). The share price total return over the same period was -32.5%. […]
In QuotedData’s morning briefing 6 December 2022: Foresight Sustainable Forestry (FSF) has become the first company to officially receive the London Stock Exchange’s Voluntary Carbon Market designation which applies to funds or companies investing into climate change mitigation projects that are expected to yield voluntary carbon credits. Carbon credits mature over time, turning from Pending […]
Over the 12 months to 30 September 2022, abrdn equity Income says its NAV total return was -7.6% and the share price total return was -7.8%. By contrast, the All-Share Index delivered a total return of -4.0%. The dividend has been increased from 21.1p to 22.7p and this was more than covered by earnings of […]
Riverstone Credit Opportunities Income has been repaid the loan that it made to Hoover CS and has reinvested the proceeds and more into a new sustainability-linked first lien term loan for Hoover CS. Riverstone Credit is now nearly fully invested, with the portfolio almost exclusively green loans and sustainability-linked loans. Hoover CS is a leading […]
In QuotedData’s morning briefing 1 December 2022: Bluefield Solar (BSIF) says that John Rennocks has stepped down as the chair of the Company and will remain an independent, non-executive director until his retirement from the board in Q1 2023. John Scott has been appointed as the new chair and Michael Gibbons CBE becomes its new […]
Atrato Onsite Energy reports a fall in its NAV from 97.4p to 92.8p over the period from its IPO on 23 November 2021 to 30 September 2022. Of the £150m that it raised, just £49.1m had been deployed by the period end. The board now says that the IPO proceeds may not be fully deployed […]
In QuotedData’s morning briefing 29 November 2022: Syncona (SYNC) appears to have secured control of Applied Genetic Technologies Corporation, with about 51.8% of that company’s shares tendered to Syncona’s bid. The tender offer is being extended until 5pm (Eastern time) tomorrow (30 November). Separately, Syncona reports that it will receive £16m up front and potentially […]
Downing Renewables and Infrastructure Trust says that its NAV for 30 September 2022 rose by 1.5p over the previous three months to 117.7p. The total return for the period, including the 1.25p dividend paid in the period, was 2.6%. The movement in NAV during the period was attributable to several factors: financial performance (+1.3pps); advantageous […]
As part of a general round up of recent progress within its business (the major parts of which we have covered in earlier stories), International Public Partnerships has provided its thoughts on the impact of rising interest rates on its business. The elements of the company’s investments that could primarily be impacted as a result […]
