Crystal Amber to begin winding down process after failing to pass continuation vote – Crystal Amber (CRS) has provided an update following the result of its 2021 annual general meeting where the resolution that the company continue as constituted received a majority of votes, but did not achieve the required 75% majority of votes cast […]
In QuotedData’s morning briefing 22 December 2021: Syncona (SYNC) has reached an agreement to sell its portfolio company Gyroscope Therapeutics Holdings to Novartis, a leading global medicines company, for up to $1.5bn on a cash and debt free basis, with an upfront payment of $800m and up to $700m (£528 million) potentially due upon the […]
Scottish Investment Trust dips into revenue reserves as it reinstates dividend – Scottish Investment Trust (SCIN) has posted its results for the year to 31 October 2021. During the period, its share price total return was 24.3% and the net asset value per share (NAV) total return (with borrowings at market value) was 15.9%. The […]
JPMorgan Indian (JII) under board scrutiny for underperformance – JPMorgan Indian has posted its results for the year to 30 September 2021. During the period, the company produced a total return on net assets of 43.2% while the total return to shareholders was 45.4%, reflecting the narrowing of the share price discount to NAV from […]
Lowland mulls share split after strong year of performance – Lowland Investment Company (LWI) has published its annual report for 2021, which reviews the 12 months to 30 September 2021. During this period, the trust delivered 51% in NAV terms while its share price soared by 53.3%, significantly ahead of its index return of 27.9%. […]
In QuotedData’s morning briefing 20 December 2021: Tufton Oceanic Assets Limited (SHIP) has agreed to divest the Containership Swordfish for $19m. The realised net IRR will be 27% and realised net MOIC will be 2.4x. Swordfish was acquired in January 2018 for $10.25m as one of the company’s first two investments together with the Containership […]
Disappointing year for Finsbury Growth and Income – Finsbury Growth and Income (FGT) has posted its full-year results for the 12 months to 30 September 2021. During this period its NAV return was 10.6% while its share price total return was 6.3%, significantly underperforming its benchmark. The chairman highlighted that the manager’s investment approach involves […]
In QuotedData’s morning briefing 15 December 2021: Dunedin Enterprise (DNE) has announced regulatory approval has now been granted for the partial realisation of GPS, which is held via DNE’s interest in Dunedin Buyout Fund III LP. Proceeds now received from the transaction amount to £18.2m, consisting of capital of £15.8m and income of £2.4m. In […]
JPMorgan Japanese increases dividend for second year running – JPMorgan Japanese (JFJ) has posted its annual report for the year to 30 September 2021, during which time it experienced a period of underperformance during the first half of the 2020/21 fiscal year, and then outperformed the benchmark in the second half of the year. Overall, […]
In QuotedData’s morning briefing 13 December 2021: Triple Point Energy Efficiency Infrastructure (TEEC) has acquired three operational, Feed in Tariff accredited hydroelectric power projects in Scotland for an aggregate consideration of £19.6m (excluding costs). They have a total installed capacity of 2.5MW, and all have five years or more of operational performance history. This investment […]
