Cordiant Digital Infrastructure has published a prospectus in relation to its initial public offering (IPO). As promised, here is a link to the prospectus, which was published today. As the prospectus makes clear, access to the issue is subject to some geographical restrictions. Make sure you read these. As always, we aren’t recommending that you buy the […]
Custodian REIT (CREI) has announced the sale of four retail properties at auction. The properties are located in Chester, Scarborough, Bedford and Llandudno, and were all originally acquired within larger portfolios in 2014 and 2015. They have been sold for an aggregate sale price £1.6m, which CREI says is in line with the properties’ most […]
In QuotedData’s morning briefing 29 January 2021: LondonMetric has appointed a new non-executive director. Kitty Patmore, currently chief financial officer at Harworth Group, has joined the board with immediate effect. She has 15 years of finance, banking and real estate lending experience. Sirius Real Estate said it has collected 98% of rent in 2020, writing off […]
Switzerland’s BB Biotech (SIX:BION) has made a $130m investment in Biogen, a US large cap biotech company that would normally fall outside its small-to mid cap investment area, in a bid to capitalise on the possible approval over the next few weeks of an Alzheimer’s therapy that has been largely written off by the market. […]
Switzerland’s BB Biotech (SIX:BION) recorded a solid investment performance in 2020 despite the volatile markets, according to its preliminary report. The trust saw a 16.4% rise in NAV (with a 12 % rise in share price) over the year, with a 20.6% gain in portfolio value (25.5% in US dollars) and the share price up […]
In QuotedData’s morning briefing 22 January 2021: Utilico Emerging Markets (UEM) has made a statement in relation to US Executive Order 13959. This order, which was signed by Trump in the final days of his presidency, prohibits US Persons from purchasing publicly traded securities of 35 Chinese companies identified as Communist Chinese Military Companies. UEM has confirmed […]
The Independent Investment Trust (IIT) has announced its annual results for the year ended 30 November 2020, during which it recovered in the second half, despite reducing equities in March. Over the year, IIT produced a net asset value (NAV) total return of -2.2%. Its chairman, Douglas McDougall, says that, over the same period, theoretical […]
Triple Point Energy Efficiency Infrastructure (TEEC) has provided an update on its pipeline as well as personnel changes that are taking place at its investment manager. Pipeline update TEEC says that headline terms for its first investment into energy efficient heat distribution assets, represented by the target CHP+ portfolio identified at IPO, are now agreed […]
The board of Gabelli Value Plus+ Trust (GVP) has made an announcement this morning which suggests a tender offer may be on the cards, which could finally offer a way out of the maze for beleaguered GVP shareholders. In its announcement, GVP’s board says that it plans to shortly publish a circular convening a general meeting at which […]
Downing Renewables & Infrastructure Trust (DORE) has announced that it has signed an exclusivity agreement with Bagnall Energy Limited in relation to a proposed investment in a 100 MW nearshore, shallow water wind farm. The wind farm is to be constructed in Lake Vänern in southern Sweden and developed by Cloudberry Clean Energy AS. DORE […]
