In QuotedData’s morning briefing 14 April 2025: [MR comment: Schroder Japan continues to demonstrate the value of active, high-conviction investing in an inefficient but improving market. With Japan’s long-awaited re-rating story still playing out, SJG and its peers look well-positioned to benefit as the market wakes up to the fundamental changes underway in corporate Japan. […]
Polar Capital Global Financials Trust (PCFT) has shared further details around the future of the company, including the structure of its upcoming 2025 tender offer, proposed changes to fees and dividend policy, and the conditions for its continuation as a listed vehicle. At the company’s AGM held yesterday, chair Simon Cordery confirmed that PCFT will […]
In QuotedData’s morning briefing 11 April 2025: [QD comment MR: MTE has recently put in place a number of proposals designed to improve its attractiveness to shareholders and, while discounts have in many instances been widening across the investment companies space in recent months, MTE’s has been on a broad narrowing trend having moved down […]
Merchants Trust (MRCH) has announced its annual results for the year ended 31 January 2025, during which it provided a share price total return of 13.5%, lagging its All-Share benchmark, which it says returned 17.1%. MRCH’s performance was held back by its overweight exposure to mid- and small-cap stocks, which underperformed in a market driven […]
Literacy Capital (BOOK) has announced a new investment in Langford’s, a premium meat products manufacturer based in Welshpool, Wales. The deal marks the first acquisition for Red Sky Food Group, a newly formed platform company established with food industry veteran Mark Chantler. Founded in 2003 by John Langford and Christine Gethin, Langford’s has grown into […]
Asset Value Investors (AVI), the manager of AVI Japan Opportunity Trust (AJOT) and AVI Global Trust (AGT), has launched a public campaign targeting portfolio holding Rohto Pharmaceutical (TSE: 4527). The campaign urges Rohto to concentrate on its profitable core businesses – namely skincare and eye care – and to step back from continued investment in […]
We also have: Stories you may have missed from yesterday:
AVI Japan Opportunity Trust (AJOT) has published its annual results for the year ended 31 December 2024, marking another strong year of performance for the £243m market cap trust, which continues to benefit from Japan’s accelerating wave of corporate governance reform. AJOT delivered NAV total returns of 20.9% in sterling terms, outperforming its benchmark by […]
In QuotedData’s morning briefing 7 April 2025: [QD comment: Although GMP’s announcement makes no mention of it, we note that the name change also reflects the fact that GMP is no longer an investment trust.] We also have: Stories you may have missed from Friday
Chrysalis Investments (CHRY) has announced the sale of its entire holding in Cognitive Logic, Inc. (InfoSum) to WPP Plc, generating proceeds of approximately US$63m (£48m). The disposal delivers a 16.4% uplift to the asset’s most recent carrying value as at 31 December 2024, equating to a NAV increase of around 1.23p per share. Importantly, the […]
