Aberdeen Emerging Markets has announced its interim results for the six months ended 30 April 2020, during which stock selection was positive, showing that the managers backed the right funds. However, the period includes the market collapse following the outbreak of the pandemic in March, followed by a partial recovery in April and, reflecting this, […]
Capital & Regional (CAL) has provided an update on the impact of the COVID-19 pandemic and rent collections for the 24 June Quarter Date, in which it says it has received or expects to imminently receive 34% of the rent due on 24 June. CAL has provided the following highlights on its operations and liquidity. […]
Gresham House Energy Storage Fund (GRID) has announced that it has completed the acquisition of a 41MW operational energy storage facility known as Bloxwich from a group of investors led by Arenko Cleantech (Arenko). The initial cost is £20.1m, with the potential for further earnout payments. The acquisition of Bloxwhich increases the total capacity of […]
Land Securities has provided an update on its June rental collection in which it has says that after taking into account concessions and deferrals, the net rent due at 24 June was £109m (down from a gross of £122m), of which 60% was paid within five working days. The proportion for the prior yearv was […]
Alcentra European Floating Rate Income (AEFS) has announced its annual results for the year ended 31 March 2020, which show a significant decline in NAV during the period (from 103.61p as at 31 March 2019 to 82.68p as at 31 March 2020 – a fall of 20.2%). The majority of the NAV decline occurred in March […]
Invesco Income Growth (IVI) has announced its results for the year ended 31 March 2020, a year that its manager has described as being a volatile one for the trust: dominated by concerns over the outlook for global economic growth, Brexit negotiations and the UK General Election, which were overwhelmed in the final three months by […]
In QuotedData’s morning briefing 3 July 2020: Octopus Renewables (ORIT) has provided an update on its progress in deploying the proceeds of its IPO in December 2019. In summary, it has a pipeline of approximately £1.7bn. This includes 333MW of operational and construction ready solar PV projects and construction ready onshore wind projects, located in the […]
Bluefield Solar Income Fund has published a circular to shareholders in which it has set out proposals that are designed to prepare for the future. The company wants to amend its Investment Objective and Investment Policy, make changes to the Investment Advisory Agreement and disapply pre-emption rights. Shareholders will have the opportunity to vote on […]
Gore Street Energy Storage Fund (GSF) has announced that JXTG Nippon Oil & Energy Corporation of Japan has subscribed for £2,883,000 (before expenses) of its shares in a direct subscription. In tandem with this, the company has also separately announced a retail offer that it to be conducted through the PrimaryBid platform, as well as […]
Revelations that the German payment company, Wirecard, cannot account for €1.9bn of cash on its balance sheet have hit Alexander Darwall’s European Opportunities Trust hard. Darwall has been a longstanding investor in Wirecard and it is the trust’s largest holding. Wirecard’s shares crashed after its auditor Ernst & Young refused to sign off its accounts, […]
