Chrysalis (CHRY) has announced that the sale of its entire holding in Featurespace to Visa, as announced on 26 September 2024 (click here to see our coverage of the original announcement), has now completed and all closing conditions have been satisfied. CHRY will shortly receive the initial cash proceeds of £79m with £11m deferred and […]
Herald (HRI) has issued an initial response to the requisition request from Saba Capital Management LP (you can read more on the original announcement and our thoughts on it by clicking here, and you can see other targets’ responses in a follow up article written by us yesterday here). HRI says that it has received […]
Vishal Mega Mart, the largest investee company of Partners Group Private Equity (PEY), has listed on the National Stock Exchange of India (ticker: VMM) and Bombay Stock Exchange in India (ticker: 544307). Its IPO of 1,026m shares was priced at INR 78 per share, giving a fully diluted equity value of INR 370bn. PEY has […]
Ecofin US Renewables Infrastructure (RNEW) has announced that Eileen Fargis, RNEW’s portfolio manager, will leave Ecofin on 31 December 2024 to pursue a new opportunity. Ed Russell, senior managing director of Ecofin, will become RNEW’s portfolio manager with effect from 1 January 2025. Ed will be supported by Nancy Johnson who heads the finance and […]
In QuotedData’s morning briefing 20 December 2024: Dunedin Enterprise (DNE) has published an updated timetable for the suspension of its shares. DNE says that, if shareholders approve of the Board’s recommended proposals to place DNE into members voluntary liquidation and appoint its proposed liquidators (Gareth Rutt Morris and Jonathan Dunn – both licensed insolvency practitioners […]
JPMorgan Japanese (JFJ) has published its annual results for the year ended 30 September 2024, during which it provided NAV and share price total returns of 24.2% and 22.4% respectively, both comfortably outperforming its TOPIX benchmark index, which provided a total return of +10.3%. The managers say that part of the outperformance reflects their success […]
JPMorgan Emerging EMEA Securities (JEMA) has issued an update in relation to the Russian court order that has been provided by JEMA’s investment manager: “As previously notified, VTB Bank filed a lawsuit against eight J.P. Morgan legal entities and JPMorgan Emerging Europe, Middle East & Africa Securities plc (JEMA) on 17th April 2024 in Russia seeking to […]
In QuotedData’s morning briefing 16 December 2024: Caroline Chan, a non-executive director of NextEnergy Solar Fund (NESF), has made her first purchase of NESF shares. She has acquired 39,000 shares at 66.4p per share for a total investment of £25,986. Helena Coles, a director of RIT Capital Partners (RCP), has made her first purchase of […]
It is a well-documented fact that international investors have been shunning the UK equity market in recent years, leaving it cheap versus other regions. The reasons why have already been well-rehearsed, so I will not dwell on them here, but selected highlights would include the Brexit referendum in 2016 and the economic uncertainty that created; […]
JPMorgan Asia Growth & Income (JAGI) has published its annual results for the year ended 30 September 2024, during which it provided an NAV total return of 14.8% and a share price total return of 12.7%, both underperforming its MSCI AC Asia ex Japan Index Benchmark, which returned 17.3%. The bulk of the underperformance was […]
