Alliance Trust (ATST) and WTAN have published circulars in relation to their proposed merger, which, if it proceeds, will see a voluntary winding-up of Witan with its assets rolled into ATST, with the combined entity to be renamed Alliance Witan Plc (you can see our coverage of the original announcement here). The details announced with […]
In QuotedData’s morning briefing 13 September 2024: RTW Biotech Opportunities (RTW) has announced its interim results for the six months ended 30 June 2024, during which its NAV was up 3.0% and its share price was up 10.1%. In comparison, RTW says that its comparator indices – Russell 2000 Biotech and Nasdaq Biotech were up […]
Gulf Investment Fund (GIF) has announced that its 100% tender offer, which was launched on 21 August 2024 (click here to see our coverage), has received irrevocable commitments that would push it below its minimum size condition (this being that GIF must retain a post tender offer share capital of not less than 38m Shares). […]
Mid Wynd International (MWY) has released its annual results for the year ended 30 June 2024, during which its NAV and share price increased by 13.9% and 17.1% (on a total return basis) both underperforming MWY’s comparator index, the MSCI All Country World Index which MWY says returned 20.1% (all figures in sterling terms). It […]
Ecofin US Renewables Infrastructure (RNEW) has announced that it has concluded its strategic review which was launched just over a year ago. As part of the review, RNEW appointed Marathon Capital to undertake a process focused on a sale of all its assets and an extensive marketing exercise was undertaken. However, RNEW says that no […]
JPMorgan Emerging EMEA Securities (JEMA) has said that, in conjunction with its appointed depositary, who appoints its custodian, its board is considering the options available to it in the event that JPMorgan Bank International (JPMBI), the sub custodian of its Russian assets in Russia, becomes insolvent. The circumstances in which such an event may occur […]
In QuotedData’s morning briefing 9 September 2024: Starwood European Real Estate Finance (SWEF) has published its interim results for the six months ended 30 June 2024. SWEF says that it has made positive realisation progress during the half year with a total of £102.1m, 38.9 per cent of the Group’s 31 December 2023 total funded […]
I was recently asked about the outlook for listed private equity funds and whether it was likely to improve along with the more optimistic macroeconomic environment. Despite having a strong track record of achieving strong realisations and the private funds generally reporting good operational performance from their underlying holdings, the sector seems to struggle to […]
Digital 9 Infrastructure (DGI9) has published a company update including details of an unaudited portfolio valuation and updated net asset value and the news is not good – its board believes that “the aggregate portfolio valuation as at 30 June 2024 is likely to be materially below the latest published portfolio valuation as at 31 […]
In QuotedData’s morning briefing 6 September 2024: Triple Point Energy Transition (TENT) has declared a special dividend of 25p per share (£25m in aggregate), which is a distribution that is part of the managed wind-down approved by shareholders on 22 March 2024. TENT says this has been possible because of timely realisations to date. The […]
