In QuotedData’s morning briefing 21 October 2022: Dunedin Enterprise (DNE) has announced details of a tender offer that will return up to £41m to shareholders. This follows DNE realising its investment in Incremental and Dunedin Buyout Fund II LP completing the realisation of its investment in RED. Shareholders who successfully tender shares will receive the price […]
Baillie Gifford Japan Trust (BGFD) has announced its annual results for the year to 31 August 2022, during which it provided an NAV total return of -16.3% compared to a -3.9% total return for the benchmark TOPIX index (in sterling terms). During the period, BGFD’s share price fell by 23.8%. BGFD says that its biases […]
In QuotedData’s morning briefing 19 October 2022: Fair Oaks Income’s (FAIR’s) 2021 prospectus stated 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 the Realisation […]
In light of both the UK Government’s proposal to introduce a “cost-plus-revenue limit” on renewable generators and the European Commission’s proposal for price caps for renewable generators, Downing Renewables & Infrastructure (DORE) has provided an update with respect to its forecast revenues for the periods 2023-2025 and 2026-2035 that were used for its 30 June […]
JPMorgan UK Smaller Companies (JMI) has announced its annual results for the financial year to 31st July 2022, which its chairman, Andrew Impey, describes as “disappointing”. Over the year, JMI’s NAV total return was -23.8% as compared to the Numis Smaller Companies plus AIM Index (excluding investment companies) which returned -16.0%. In addition, and in […]
Seraphim Space (SSIT) has announced its annual results for the year ended 30 June 2022. During the year, SSIT’s NAV grew by 1.9%, but its share price fell by 47.0%, so it finished its year end on a 47.% discount to NAV. The chairman, Will Whitehorn says that “Given the discrepancy of performance between NAV […]
In QuotedData’s morning briefing 17 October 2022: Cordiant Digital Infrastructure (CORD) has announced that the final regulatory clearance process, for the acquisition of Emitel SA, the Polish multi-asset digital infrastructure platform, remains ongoing but that it has been notified that the process has been extended until 21 November 2022. It says that the final regulatory […]
When I started writing this article, it was being widely reported that the chancellor, Kwasi Kwarteng, had been forced to cut short his visit to the US and was returning to London to face urgent talks with the prime minister and Conservative MPs. Before I had finished it, he was out of a job, with […]
Schroder Japan Growth (SJG) has published its annual results for the year ended 31 July 2022, during which it provided an NAV total return of 1.0%, outperforming its benchmark which produced a negative total return of -1.9% over the year. The share price fell -2.0% on a total return basis, with the discount averaging 11.0% […]
In QuotedData’s morning briefing 14 October 2022: Hipgnosis Songs Fund (SONG) has announced that it has appointed Singer Capital Markets Securities Limited to manage an “irrevocable share repurchase programme” to buy back ordinary shares within certain pre-set parameters. The Share Purchase Programme will commence today and will run until 8 December 2022. Castelnau Group (CGL) […]
