Oakley Capital Investments says that Oakley Capital Fund III has reached an agreement to sell its stake in Facile.it, Italy’s largest online price comparison platform to Silver Lake. The trust’s share of proceeds will be about £53m. The price represents about a 23% premium to the 31 March 2022 carrying value, and adds about 6 […]
JPMorgan Japan Small Cap Growth and Income reports that, for the 12 months ended 31 March 2022, it produced an NAV return of -24.6% and a return to shareholders of -23.3%. These compare to a return of -8.1% for the benchmark, the MSCI Japan Small Cap Index. The chairman says that “This underperformance was the […]
Rockwood Strategic, which had a turbulent financial year over the 12 months ended 31 March 2022, managed to produce an NAV return of 27.5% for the period, well ahead of the 3.2% return on the Small Cap Index. The return to shareholders was 22.2%. The board believes that, until the company has gained greater scale, […]
In QuotedData’s morning briefing 23 June 2022: BlackRock World Mining Trust (BRWM) says that the up coming IPO of Ivanhoe Electric Inc. on Friday, 24 June 2022 would, at the mid-point of the announced IPO valuation range, add about 1.4% to its NAV. The trust’s investment consists of common shares of Ivanhoe Electric Inc. and […]
Ecofin US Renewables has published trading update ahead of today’s AGM. It says that the US renewable energy industry continues to offer bright prospects for ongoing investment and growth, even while facing the near term challenges of supply chain constraints, inflation, and a trade dispute on imported solar products. In the first quarter of 2022, […]
In QuotedData’s morning briefing 22 June 2022: Harmony Energy Income Trust (HEIT) has agreed a debt facility of £60m with NatWest Plc. The five-year facility has an initial margin of 300bps (3%) over SONIA, rising over time to a maximum of 375bps by year five, but is interest-only for the first three years. There is […]
GCP Infrastructure has published its half-year results, covering the six months ended 31 March 2022. As flagged previously, the NAV has jumped to 112.75p from 103.92p at end September 2021. The company is reporting a total shareholder return for the period of 13.7%. The profit for the period of £108.9m reflects the impact on valuations […]
Monks Investment Trust has reported results for the year ended 30 April 2022 and these show the effect of the selloff in growth style investments. Over the period, the NAV total return was -18.9% compared to a total return of +6.1% for the World Index. The share price total return for the same period was […]
Over the year ended 30 April 2022, Momentum Multi-Asset Value Trust generated a return on NAV of 0.9% and a share price return of 1.5%, both well-behind the 15.0% return on its chosen benchmark of inflation (as measured by CPI) plus 6%. Dividends for the year increased from 6.72p per share to 7.20p per share […]
Schroder British Opportunities Trust has made an investment into Pirum Systems Limited, which it describes as a leading provider of post-trade automation and collateral management technology for the global securities industry. The investment was made in conjunction with Schroders’ long-standing investment partner Bowmark Capital, a UK based technology and services investor. Bowmark Capital first invested […]
