Downing Renewables & Infrastructure (DORE) has announced that, in response to the discount to NAV the trust has been trading at recently, the board intends to commence buying back shares in the market where it believes this to be in shareholders’ interests. Both the board and manager think that the prevailing discount materially undervalues both […]
In QuotedData’s morning briefing 8 March 2023: Syncona’s (SYNC’s) portfolio company Autolus Therapeutics has announced its operational and financial results for the full year ended December 31, 2022. Key highlights included: The FELIX study of obe-cel in relapsed/refractory (r/r) adult acute lymphoblastic leukemia (ALL) met its primary endpoint; remains on track for a next data […]
BlackRock World Mining (BRWM) has announced its annual results for the year ended 31 December 2022. During the period, which the chairman David Cheyne describes as “another year of excellent performance”, BRWM provided an NAV total return of +17.7% and a share price total return of +26.0%. In comparison, over the same period, BRWM says […]
Murray International (MYI) has released its annual results for the year ended 31 December 2022. During the period, MYI provided an NAV total return of +8.8%, which compares favourably with that of its reference index, the FTSE ALL World Total Return Index, which MYI says returned -7.3%. However, the chairman, David Hardie, comments that MYI’s […]
Octopus Renewables Infrastructure Trust (ORIT) has entered into a 10-year power purchase agreement (PPA) for the electricity to be generated at its Breach Solar Farm project with Iceland Foods Limited. Breach is a circa 67 MW solar PV project in Cambridgeshire, UK that ORIT acquired in June 2022. Breach is currently in construction and is […]
In QuotedData’s morning briefing 3 March 2023: Pacific Horizon has released its interim results for the six months to 31 January 2023. During the period, PHI’s NAV increased by 0.3%, while the share price increased by 4.1%, compared to the comparative index which rose 4.0% (all figures in sterling total return terms). The weakest performing […]
Law Debenture (LWDB) has published its annual results for the year ended 31 December 2022. During the year, LWDB provided an NAV total return with debt and Independent Professional Services (IPS) business at fair value for FY 2022 of 0.6% (-6.8% with debt at par). Similarly, it provided a share price total 0.4% for 2022 […]
Smithson (SSON) has published its annual results for the year ended 31 December 2022. It is the company’s fourth set of annual results and the first in which it has reported a decline in NAV and while the drop is significant and SSON has underperformed its benchmark, it comes a against a backdrop of a […]
The need to decarbonise the global economy to address the myriad issues that are being created by climate change is now well understood. For this, a range of solutions is required but it is clear that for many economies, the UK included, renewables – primarily solar and wind but with smaller contributions from other technologies […]
NextEnergy Solar Fund (NESF) has today published information for investors regarding its proposed energy storage strategy. The document provides details on how NESF will take advantage of energy storage opportunities in the UK to complement and diversify its existing large portfolio of 99 solar assets. The report is comprehensive and so we would recommend readers […]
