ICG Enterprise has published results for the 12 months ended 31 January 2025. The NAV return for the year was 10.5% – the underlying portfolio return was 10.6%, helped by earnings growth for the companies held of about 15% on average. In addition, there were 40 exits achieved, which came at an average 19% uplift […]
As expected, European Opportunities has published details of its latest tender offer. The tender offer will be for 25% of its shares in issue (up to 15,553,147 shares) and the tender price will be calculated as a 2% discount to NAV less the costs of implementing the tender offer. To participate, you will have to […]
New NAV This morning, Chrysalis announced that its NAV at end March 2025 was 152.62p, 2.6% lower than at the end of December 2024. In part, that reflects adverse currency moves, which took about 1.7p off the NAV. Richard Watts and Nick Williamson said “Overall, the portfolio continues to perform well. The top five assets […]
3i Infrastructure’s results for the 12 months ended 31 March 2025 are out [an impressively short timeframe for getting this done] and they are good. The NAV return was 10.1% and the dividend target for the new year has been increased by 6.3% to 13.45p. The only drawback was a widening of the discount, which […]
BlackRock Smaller Companies has published results covering the 12 month period ended 28 February 2025. The trust’s returns lagged those of the Deutsche Numis Smaller Companies plus AIM Index over the period, returning 0.0% in NAV terms and -1.4% in share price terms, while the index returned 6.2%. The chairman’s statement observes that the Aim […]
In QuotedData’s morning briefing 8 May 2025: We also have: Did you see yesterday?
Third Point Investors has published results for the year ended 31 December 2024. key highlights are as follows: On 22 April 2024, the board created a strategy committee tasked with conducting a strategy review to consider how the company may best deliver value to shareholders going forward. On 11 December 2024, the company announced that […]
Circulars have been published today to support the proposed merger between JPMorgan Global Growth and Income and Henderson International Income. The proposal was announced in February and although markets have had a wobble since, nothing has changed in the detail although the JPMorgan trust has given back some of its long term outperformance of the […]
Fidelity Japan’s board has been talking to its shareholders post the announcement of its results and ahead of the upcoming continuation vote at its AGM. It now has the impression that shareholders will not support its continuation. It also says that it has subsequently received a small number of unsolicited and credible indicative proposals from […]
Harmony Energy Income has received a new cash offer from PP Bidco (a new company formed by two funds managed by Foresight LLP). The bid is 92.4p per share, equivalent to the trust’s last published net asset value and well above the 88p per share offered by Drax, and values the company at £209.9m. The […]
