In QuotedData’s morning briefing 13 September 2021: Montanaro European Smaller Companies (MTE) is due to undertake a share split, whereby a sub-division of each ordinary share of 50 pence each will be split into 10 new ordinary shares of 5 pence each. The new ordinary shares are to be admitted to trading on the premium […]
Good start for Ecofin US Renewables Infrastructure with strong pipeline on the horizon – Ecofin US Renewables Infrastructure (RNEW) has published its report for the period from its incorporation on 12 August 2020 to 30 June 2021. Its NAV rose from 98c on its IPO date (22 December 2020) to 98.5c on 30 June 2021, […]
Aberdeen Standard European Logistics announces launch of issue – The board of Aberdeen Standard European Logistics (ASLI), has announced a proposed open offer, placing, offer for subscription and intermediaries offer targeting gross issue proceeds of approximately £75m at a price of 109p per new ordinary share. This represents a discount of 8.4% to the closing […]
In QuotedData’s morning briefing 8 September 2021: Vietnam Enterprise (VEIL) has posted its interim report for the six months to 30 June 2021, during which time it delivered 42%, outperforming its benchmark, the VN-Index Total Return in US dollar terms by 13.3%. There is no dividend for the period. The strong performance delivered by VEIL in […]
Foresight branches out with Sustainable Forestry Company IPO plans – Foresight Sustainable Forestry Company, an externally managed investment company that will invest in UK forestry assets, today announces its intention to undertake an initial public offering on the main market of the London Stock Exchange, by way of an initial institutional placing, offer for subscription […]
Strong start for Digital 9 Infrastructure as it announces another equity raise – Digital 9 Infrastructure (DGI9) has completed the acquisition of Verne Holdings (or Verne Global), a data centre platform in Iceland, operating on a former NATO site near Keflavik for a valuation of approximately £231m in cash. Verne Global is the leading Icelandic data […]
In QuotedData’s morning briefing 6 September 2021: Late on Friday Custodian REIT (CREI) and Drum Income Plus REIT (DRIP) announced they had reached agreement on a recommended all-share acquisition of DRIP by CREI. DRIP shareholders will be entitled to 0.53 new CREI shares for each DRIP share, which values DRIP at £21.4m based on the closing […]
This week saw two companies announce their intentions to float: Blackfinch Renewable European Income (BRET) with a fundraising target of £300m and Responsible Housing REIT which is looking to raise up to £250m. This follows eight other investment trusts across a broad range of sectors and mandates that have already launched this year, five of […]
Mid Wynd achieves modest returns as it increases its dividend – Mid Wynd (MWY) has posted its annual financial report for the year to 30 June 2021. During the period, its share price rose by 27.3% on a total return basis with dividends assumed to be re-invested. MWY’s net asset value per share increased by 23.2%, […]
In QuotedData’s morning briefing 3 September 2021: Mercantile (MRC) has raised an additional £150m of long-term debt through the issue of three fixed rate, senior unsecured privately placed notes. The notes, which will be funded on 8th September 2021, are: £55m maturing in 2041 with a fixed coupon of 1.98%; £50m maturing in 2051 with a fixed coupon of […]
