The GCP Asset Backed Income board has been talking to shareholders about the way forward for the company. Feedback on the future strategic direction came from shareholders representing a majority of the total voting rights in the company. Whilst differing views have been expressed by shareholders, a majority indicated a preference for an orderly realisation or […]
AVI Japan Opportunity’s results for 2023 show it continuing to pull ahead of its benchmark. For the 12 month period ended 31 December 2023, AVI Japan Opportunity generated an NAV total return of 15.8% and a share price total return of 14.8%, both well ahead of the 6.9% return on the MSCI Japan Small Cap […]
Schroder Asian Total Return has published its final results for the year ended 31 December 2023. Returns were good, with a NAV total return of 8.8% coming in well ahead of the 1.3% return posted by the MSCI All Countries Asia ex Japan Index. Shareholders got a return of 10.3%, helped by a narrowing discount. […]
In QuotedData’s morning briefing 14 March 2024: Fidelity China (FCSS) is expanding by £126.6m as it issues 59m shares to abrdn China shareholders in connection with the merger of the two companies. Each abrdn China (ACIC) share rolling into Fidelity China will be exchanged for 2.06481 Fidelity China shares (although each shareholder’s total position will […]
Foresight Solar Fund has published results for the year ended 31 December 2023. The highlights are: Net Asset Value (NAV) of £697.9m or 118.4p per share, down from £771.5m or 126.5p Higher discount rates (used to value the fund’s future cash flows to calculate the NAV) took 6.8p off the NAV – the discount rate […]
The Renewables Infrastructure Group (TRIG) says that it has exchanged contracts for the sale of its 100% equity interest in Pallas, an onshore wind farm located in the Republic of Ireland, for a consideration of €62m. The proceeds from the sale represent a 15% premium to the last published valuation as at 31 December 2023. The […]
We have co-signed a letter in today’s Times that calls for more urgent action on cost disclosures. You can read the letter on The Times site here Or you can see a version with the full list of signatories at the new website dedicated to this issue here James & Ed
Alliance Trust and F&C Investment Trust are two of the largest investment trusts offering investors access to a global portfolio of shares. Both are well over 100 years old, with a good track record of adapting to changing circumstances. There has always been something of a rivalry between them, but it feels to me as […]
Chrysalis Investments is making a c.£4m investment in Smart Pension Limited, alongside certain other investors. This investment is in addition to the approximate £2m invested in Smart on 16 January 2024, as previously disclosed. The terms of this combined approximate £6m investment would likely lead to an increase of approximately 3.7p in the Chryalis’s NAV […]
Alliance Trust had a good year in 2023, returning 21.6% in NAV terms and 20.2% in share price terms, 6.3 and 4.9 percentage points ahead of the return on the MSCI All Country World Index (MSCI ACWI), respectively. A 5% increase in the annual dividend to 25.2p per share makes this the 57th year of […]
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