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 […]
JPMorgan Indian (JII) has published its annual results for the year ended 30th September 2024, during which it produced an NAV total return of 18.1%, underperforming its benchmark, the MSCI India Index by 9.6% (the benchmark returned a hefty 27.7%, outperforming both the MSCI Emerging Markets Index and the MSCI China Index). JII says that […]
Polar Capital Global Healthcare (PCGH) has published its annual results for the year ended 30 September 2024 during which it provided an NAV total return of 14.95%, outperforming its MSCI ACWI Healthcare Index benchmark by 5.07%, which returned 9.88%. PCGH’s discount narrowed slightly during the year, ending the period at 4.82%. The outperformance was driven […]
Ecofin US Renewables Infrastructure (RNEW) has announced that it has agreed to sell its portfolio of US distributed solar assets (the DG portfolio) to a subsidiary of True Green Capital Fund IV, LP for a cash consideration of approximately US$38.4m plus the assumption by the buyer of approximately US$15.6m of project-level debt and subject to […]
In QuotedData’s morning briefing 13 December 2024: Merchants Trust (MRCH) has agreed to issue two £25m fixed rate 15 year secured private placement notes at a coupon of 5.91%, raising total proceeds of £50m. The purpose of the notes is to take advantage of MRCH’s ability to use gearing, with the aim of enhancing its […]
In QuotedData’s morning briefing 9 December 2024: JPMorgan European Discovery Trust (JEDT) has released its interim results for the six months ended 30 September 2024, during which it provided an NAV total return of -0.5% compared with 1.0% for its MSCI Europe (ex UK) Small Cap Index benchmark. The share price return was 2.2%, due […]
Montanaro UK Smaller Companies (MTU) has published its interim results for the six months to 30 September 2024 which include the announcement of a couple of key changes for the trust. First, with effect from 31 December 2024, MTU will be paying a regular quarterly dividend equivalent to 1.5% of the company’s NAV, amounting to […]
In QuotedData’s morning briefing 6 December 2024: Keystone Positive Change (KPC) has published a circular in relation to its proposal to wind up, which was announced on 30 September (click here to see our coverage of that), and also discussed in its results for the year ended 30 September 2024 (click here to read our […]
