JPMorgan European Growth and Income has published its first set of results since its reconstruction earlier this year. Over the 12 months ended 31 March 2022, the total return to shareholders for the ordinary shares was 7.5%. Shareholders benefited from some discount narrowing and the share price return was 9.8%. Both were ahead of the […]
VH Global Sustainable Energy Opportunities plans to raise target gross issue proceeds of £150m through an Initial Placing, Initial Open Offer, Initial Offer for Subscription and Initial Intermediaries Offer at an issue price of 110p..This represents a premium of 3.4% to the NAV at 31 March 2022 (adjusted for the interim dividend of 1.25 p) […]
Over its financial year ended 30 April 2022, Personal Assets generated a return of 7.1% in NAV terms and 8.0% in share price terms. Inflation (measured by RPI) was 11.1% over that period and the return on the UK market was 8.7%. Personal Assets’ returns came from a highly defensive portfolio. At 30 April 2022, […]
In QuotedData’s morning briefing 9 June 2022: NextEnergy Solar Fund (NESF) now has its hundredth operating solar asset, an 181kW commercial rooftop solar power asset located on a Holiday Inn in Nottinghamshire. The asset benefits from an attractive 25-year power purchase agreement for 100% of its generated volume. This is the final investment under the […]
Simon Knott, the investment director of Rights and Issues Trust, intends to retire as the investment manager with effect from 1st September 2022. However, he will remain a non-executive director of the company. With the help of external consultants, the board carried out a review of potential investment managers. It has decided appoint Jupiter Unit […]
Downing Renewables & Infrastructure Trust is aiming to raise £50m through an issue of up to 45,669,495 new ordinary shares at 111p per share, and to establish a 12-month share issuance programme to issue up to 250m ordinary shares (less the number issued under this initial issue). Shareholders need to approve these plans. The net […]
Apax X, one of the funds that Apax Global Alpha has backed (to the tune of $450m in July 2019), is making an agreed bid for EcoOnline. On 2 June 2022, the Apax X Fund announced that it has reached an agreement with the board of EcoOnline Holding AS, an Environment, Health and Safety software-as-a-service […]
Chysalis Investments’ board has appointed a new independent valuation committee in preparation for its previously announced move to a self-managed structure, which will take effect from 1 July 2022. The management team at Jupiter, led by Richard Watts and Nick Williamson, will be unaffected. However, the company will assume direct responsibility for the valuation process. […]
In QuotedData’s morning briefing 7 June 2022: US Solar Fund (USF) has bought a further 25% interest (Tranche 2) in the 200MWDC Mount Signal 2 solar plant, taking its total ownership to 50% or 100MWDC. The deal was funded with available cash. US Solar Fund’s portfolio now comprises 42 fully operational assets with a combined […]
Fidelity China Special Situations reports that, over the year ended 31 March 2022, its benchmark index, the MSCI China Index, fell by 29.3%, giving up all of the gains it had made during the previous twelve months. The trust’s net asset value fell by 34.9% as gearing took 10.9 percentage points off returns, outweighing the […]
