In QuotedData’s morning briefing 7 May 2021: Shareholders have approved both a change of name and a revised investment Policy for Jupiter US Smaller Companies (JUS), which reflects the change of investment manager to US based Brown Advisory (click here to read our initiation note on the company which takes a detailed look at Brown’s […]
Honeycomb (HONY) has announced its annual results for the year ended 31 December 2020, during which it provided an NAV return of 7.7% over 2020, which was broadly in line with the prior year (2019: 7.8%). HONY’s chairman, Robert Sharpe, says that the stability of returns is particularly pleasing given the economic backdrop. He attributes […]
Pacific Assets (PAC) has announced its annual results for the year ended 31 March 2021, during which it has benefited from a resurgence in some out of favour holdings. During the year, PAC provided NAV and share price total returns of 22.3% and 25.8% respectively. In comparison, the MSCI All Country Asia ex Japan Index […]
M&G Credit Income (MGCI) has announced that it intends to introduce a “zero discount” policy to manage the discount or premium to NAV at which its ordinary shares trade. Winterflood Securities is to implement the zero discount policy on its behalf, with any ordinary shares purchased to be held in treasury. Background to the zero […]
BBGI Global Infrastructure (BBGI) has announced that it has completed the acquisition of a 100% interest in a social infrastructure investment consisting of two recreation facilities and 100 affordable residential units across two sites in the London Borough of Tower Hamlets, UK. The two recreational facilities are the historic Poplar Baths building, on East India Dock Road in […]
In QuotedData’s morning briefing 30 April 2021: Keystone Positive Change (KPC) has announced its first set of interim results (for the six months ended 31 March 2021) since Baillie Gifford took over management of the trust on 10 February 2021. Reflecting the short period since Baillie Gifford took over KPC, most of the performance can be […]
Invesco Perpetual UK Smaller Companies (IPU) has announced its annual results for the year ended 31 January 2021, in which its chairman, Jane Lewis, says that the Board believes sentiment towards IPU, reflected in its share price and discount performance over the year, is at least in part due to expectations around the level of […]
Third Point Investors (TPOU) has announced its annual results for the year ended 31 December 2020, in which its chairman, Steve Bates, describes the year as one of two halves – the first being an awkward adjustment to the reality of the pandemic – and, in his words, “The second half of the year was […]
Gore Street Energy Storage (GSF) has announced that it has raised gross proceeds of £135 million from a placing of new ordinary shares, which is game changing as it almost doubles the size of GSF’s market cap. The proceeds are to be deployed towards GSF’s 1.3GW development pipeline, the near-term potential acquisition of a 80MW […]
In QuotedData’s morning briefing 23 April 2021: Fidelity Special Values (FSV) has released its interim results for the six months ended 28 February 2021. During the period, FSV provided an NAV total return of 24.3% and a share price total return of 36.5%, which it says compares to a total return of 12.0% for its All-Share Index […]
