Scottish Mortgage (SMT), Baillie Gifford’s flagship investment trust and the largest trust in the investment companies sector, has announced that Elliott Associates, the US activist hedge fund, has acquired a 5% stake in the trust. The announcement, which came out last night after the market had closed, revealed that Elliott has bought nearly 0.5% of […]
Dunedin Enterprise (DNE) has announced its annual results for the year ended 31 December 2023, during which it provided NAV and share price total returns of 3.6% and 8.6% respectively, and finished the year trading at a share price discount to NAV of 18.3%. In May 2016, shareholders approved a managed wind down of the […]
In QuotedData’s morning briefing 22 March 2024: BlackRock Greater Europe (BRGE) is not going implement its semi-annual tender offer in May 2024. Over the six months to 29 February 2024, the average discount to net asset value (cum income) (NAV) was 6.3%. However, as the discount to NAV on a cum income basis (diluted for […]
NextEnergy Solar Fund’s (NESF’s) first two international solar co-investments alongside NextPower III ESG (NPIII ESG) have been energised, bringing an additional 260MW of generation capacity online in Europe and increasing NESF’s total installed net capacity to 979MW. The two assets are a 210MW solar project located in Santarém, Portugal (known as Santarém), and a 50MW […]
Scottish Mortgage (SMT) has announced that its board has taken the decision to make at least £1bn available for buybacks over the next two years. The trust says that its public and private portfolio is delivering strong operational results, with free cashflow from the portfolio companies having more than doubled over the past year, and […]
In QuotedData’s morning briefing 15 March 2024: Digital 9 Infrastructure (DGI9) has announced that its much publicised sale of Verne Global to funds managed by Ardian France SA for up to US$575m (approximately £450m) has completed. The sale price is variable as there is an earn out feature built in that could enhance the price […]
BlackRock World Mining (BRWM) has released its annual results for the year ended 31 December 2023, during which it provided NAV and share price total returns of -6.2% and -10.4% respectively. In comparison, it says that its reference index, the MSCI ACWI Metals & Mining 30% Buffer 10/40 Index (net total return), returned +2.4%, the […]
F&C Investment Trust (FCIT) has announced its results for the year ended 31 December 2023, during which it provided NAV and share price total returns of 11.3% and 8.1% respectively, both underperforming its All-Share benchmark, which it says returned 15.1%. 2023 was a good year for global equity markets after significant losses during 2022 and, […]
Although spot power prices have softened recently and despite irradiation levels some 13% below those experienced in the second half of the prior year, Bluefield Solar Income Fund’s (BSIF’s) interim results for the six months to 31 December 2023 are strong with BSIF benefiting from its adviser’s strategy of fixing prices up to 36 months […]
The Renewables Infrastructure Group (TRIG) has announced its annual results for the year ended 31 December 2023, which marks ten years since the company’s launch in 2013. Richard Morse, the company’s chairman, says that the underlying performance is strong, cash generation has never been healthier and the managers have been working hard to create additional […]
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