For me, one of the nice features of the investment companies’ sector is that the closed end structure of the funds contained therein can house some really interesting, and sometimes unique, investment propositions that are otherwise hard for the average investor to get exposure to. I often cite Herald Investment Trust, which is managed by […]
Henderson Opportunities Trust (HOT) has published its annual results for the year ended 31 October 2022, which its chairman, Wendy Colquhoun, describes as a very difficult year for absolute and relative performance for HOT’s portfolio. She comments that, during periods of growing investor caution, it is often smaller companies that fall quickest and most steeply […]
Aquila European Renewables (AERS) has announced dividend guidance for its current financial year ending 31 December 2023. AERS is targeting a dividend of €c5.51 per share, subject to the portfolio performing in line with expectations. The 2023 target dividend represents an increase of 5% versus the prior year and follows a 5% increase in the […]
In QuotedData’s morning briefing 3 February 2023: Schroder REIT (SREI) reported a 17.1% fall in NAV to 62.0p for the quarter to 31 December 2022. The impact of higher interest rates on the property sector saw the value of its portfolio drop 11.8% to £470.3m. Dividends paid during the quarter of 0.803p per share was […]
Chrysalis (CHRY) has published its annual results for the year ended 30 September 2022. During the period, CHRY experienced an NAV decline of 104.17p (to 147.79p) which was largely driven by Klarna (57.66p) and the listed portfolio (31.90p) with the remaining assets performing strongly against a challenging backdrop. Key takeaways are as follows: CHRY received […]
Abrdn Private Equity Opportunities (APEO) announced its annual results for the year ended 30 September 2022. Key takeaways are as follows: APEO has shown strong annual Net Asset Value growth in spite of the difficult backdrop in both the global economy and financial markets. Its NAV total return for the year to 30 September 2022 […]
Aberforth Smaller Companies Trust (ASL) has published its annual results for the year to 31 December 2022. During the period, ASL provided an NAV and share price total returns of -10.4% and -7.3% respectively (as the discount narrowed from 12.6% to 9.8% over the course of the year). ASL’s chairman, Richard Davidon, comments that while […]
Aquila Energy Efficiency Trust (AEET) has provided an update on its progress in the commitment and deployment of capital since its last trading update, published on 20 December 2022. Investment commitments have increased by £13.4m to £100.7m, which exceeds the £98m net proceeds raised at AEET’s initial public offering (IPO). AEET says that this is […]
In QuotedData’s morning briefing 30 January 2023: In its 2021 prospectus, Fair Oaks Income (FAIR) said that, in the event that the realisation shares and 2021 shares trade at discount to any quarter end NAV, calculated on the date that the relevant NAV is published, 25% of that quarter’s investment management fees (in respect of […]
JPMorgan Emerging Europe, Middle East & Africa Securities (JEMA – formerly JPMorgan Russian Securities) has published its annual results for the year ended 31 October 2022. Although it has broadened its mandate since, JEMA’s investment objective was focused on Russia at the time of that country’s invasion of Ukraine, which occurred during the period under […]
