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 […]
In QuotedData’s morning briefing 17 April 2025: We also have: Did you see from yesterday?
Crystal Amber has been in wind down mode for some time and its portfolio is dominated by just two investments, one of which is De La Rue. On 10 April, Crystal Amber revealed that it owned 13,859,645 shares in De la Rue or 7.06% of its issued share capital. It also owned derivatives that gave […]
Dunedin Income Growth has published results for the year ended 31 January 2025. Over that period it delivered a 9.0% return on NAV and a 8.4% return to shareholders. These do not compare well to a return of 17.1% on the All-Share Index. Revenue per share grew to 13.8p from 13.5p but that meant that […]
European Smaller Companies Trust will offer shareholders on the register at 6pm tomorrow the chance to participate in a 42.5% tender offer. Saba is committed to support the idea and submit all of its shares to the tender offer. In exchange, Saba has also committed not to requisition another meeting, vote against directors or publicly […]
In QuotedData’s morning briefing 15 April 2025: We also have: Did you miss from yesterday?
US Solar Fund saw its NAV fall from $0.78 to $0.63 over 2024, factoring in dividends of 2.25 cents, this equates to a NAV total return of -13.4%. The main driver of this fall was an increase in the discount rate used to value its forecast cash flows, which was upped from 8.8% to 10.8%. […]
In QuotedData’s morning Briefing 10 April 2025: We also have: Did you see from yesterday?
The AIC is petitioning Parliament to change the laws around the provision of voting rights to investors that hold their shares through platforms – which is most of us. Richard Stone, chief executive of the AIC, said: “All shareholders must be able to vote – it’s their fundamental right. The Companies Act currently states that […]
The Mercantile Investment Trust has published results covering the 12 months ended 31 January 2025. It managed to beat the return on its benchmark (the All-Share ex FTSE 100 and investment companies) over the period, delivering an NAV return of 4.1% compared with 12.3% for that index. The return to shareholders was 18.9%. The dividend […]
