In QuotedData’s morning briefing 21 October 2024: Ecofin US Renewables Infrastructure (RNEW) has agreed an amendment and extension to its existing revolving credit facility (RCF) with KeyBank, one of the main lenders to the US renewable energy industry. The RCF is now due to mature in October 2025 and there is scope for the size […]
Gore Street Energy Storage (GSF) has announced that “Big Rock”, its 200MW California asset that it acquired in February 2023, has secured a resource adequacy (RA) contract with J. Aron & Company LLC, a subsidiary of Goldman Sachs. Big Rock is GSF’s largest asset and is on track to be energised by December 2024 and […]
In QuotedData’s morning briefing 18 October 2024: Harmony Energy Income Trust (HEIT) has issued a brief update on its asset sale process. As previously announced, JLL has been appointed to seek offers for some or all of the Company’s assets and HEIT now says that it “is encouraged by the level of interest and non-binding […]
JPMorgan UK Small Cap Growth & Income (JUGI) has published its annual results for the year to 31st July 2024, which its chairman, Andrew Impey, says has been a “momentous year” for the company. During the year, JUGI provided an NAV total return of 28.4% and a share price total return of 43.3%, both massively […]
AVI Japan Opportunity Trust (AJOT) will be offering shareholders the opportunity to tender all or part of their shareholdings in the company at a 2% discount to NAV. When AJOT was launched in October 2018, its IPO prospectus said that the directors may, at their discretion, offer a full or a partial exit opportunity to […]
In QuotedData’s morning briefing 14 October 2024: Further to its announcement on 4 October 2024 that it had only been partially paid the first instalment of £1m that it was due under a promissory note agreement in relation to loans sold to P3P Partners LLP (click here to see our coverage of this), Triple Point […]
This week, we were reminded of the challenges that Europe faces, with Germany making the headlines for cutting its growth forecast for 2024 from an already meagre expansion of 0.3% to a contraction of 0.2%. If this comes to pass, it will be the second year in a row that Europe’s ‘motor for growth’ has […]
Fidelity Asian Values (FAS) has released its annual results for the year ended 31 July 2024, during which it provided NAV and share price total returns of 3.2% and 1.7% respectively, both well-behind that of its benchmark, the MSCI All Countries Asia ex Japan Small Cap Index, which returned 13.7% during the same period. Commenting […]
Home REIT (HOME) has published its long-overdue annual results for the year ended 31 August 2022, which have also included a restatement of the 2021 results. The period saw a substantial loss and decrease in NAV for the period, the reasons for which came to light after the period end and which the board says […]
Ground Rents Income Fund (GRIO) has provided a strategy update, portfolio valuation and shareholder consultation ahead of its upcoming continuation vote. This follows on from a shareholders’ decision in April 2023 to opt for a managed wind-down of the company. Shareholders also approved a change to the company’s Articles to replace the obligation to hold […]
