Montanaro European Smaller Companies (MTE) has released its annual results for the year ended 31 March 2023. During the period, the MSCI Europe (ex-UK) Small Cap Index (in sterling terms) fell by -5.5% while, in comparison, MTE’s NAV fell by 7.6% to 158.4p per share. Share price performance was slightly worse as the discount widened […]
In QuotedData’s morning briefing 23 June 2023: Gore Street Energy Storage (GSF) has increased the size of its existing revolving credit facility (RCF) with Santander from £15m to £50m. Pricing for the £50m facility remains unchanged at 300 basis points over SONIA. If the increased RCF is fully utilised, GSF’s debt would be equivalent to […]
AEW UK REIT (AEWU) has published its full year results for the year ended 31 March 2023. To summarise, AEWU’s investment manager has continued to actively manage the portfolio, outperforming the benchmark in all sectors and, according to its chairman, Mark Burton, AEWU has traded at the narrowest discount of all UK diversified REITs. The […]
Baillie Gifford UK Growth Trust (BGUK) has released its annual results for the year to 30 April 2023, during which BGUK provided an NAV total return of 1.1%, which the trust says compares to a 6.0% total return for the All-Share. During the period, BGUK’s share price total return was -1.3%, reflecting a small widening […]
Further to its announcement on 30 March 2023 (click here to see our coverage), The Investment Company (INV) has announced that it expects to publish a circular and prospectus shortly, in relation to the following proposals, which require shareholder approval: appointment of Chelverton Asset Management Limited (“Chelverton”) as external investment manager to the company; amendment […]
In QuotedData’s morning briefing 9 June 2023: International Public Partnerships (INPP) has reached financial close on its acquisition of five New Zealand availability revenue-based social infrastructure investments (as announced on 9 December 2022), following regulatory approval from New Zealand’s Overseas Investment Office (‘OIO’). These are INPP’s first New Zealand investments and the c.NZD 218m (c.£108m) […]
Chrysalis (CHRY) portfolio company The Brandtech Group has completed the acquisition of Jellyfish, a global digital media and marketing group. CHRY says that the deal creates the number one digital-only marketing group in the world with over US$1bn in revenue, over 7,000 employees, working for eight out of ten of the world’s largest advertisers, and […]
TR Property (TRY) has published its annual results for the year ended 31 March 2023, which its chairman, David Watson (pictured), has described as “a very difficult year for the property market, for property shares and for the Company”. During the period, TRY’s NAV total return was -35.5%, which is modestly worse than its benchmark’s […]
In QuotedData’s morning briefing 2 June 2023: Apax Global Alpha (APAX) has announced that it expects to invest approximately €1.7m in Swing Education on a look-through basis, via the Apax Global Impact Fund (AGIF). APAX Partners describes Swing Education as “a pioneering online marketplace that connects schools and substitute teachers”. Founded in 2015 by former […]
HICL Infrastructure (HICL) has announced its annual results for the year ended 31 March 2023. The chair, Mike Bane, describes the financial performance in the year as being resilient, with NAV growth of 1.8p per share to 164.9p. The return from the portfolio was 10.2% (March 2022: 9.6%), outperforming the company’s expected return of 6.6% […]
