Fidelity European (FEV) has announced its annual results for the year ended 31 December 2021. During the period, FEV’s NAV increased by 23.5%, which it says outperformed its World Europe (ex UK) benchmark index, which returned 17.4%. The discount widened over the course of the year but has narrowed in recent months. Reflecting this, FEV […]
Dunedin Enterprise (DNE) has announced its annual results for the year ended 31 December 2021. The trust, which is in wind-up, had realisations of £38.5m during the year and returned £26m via a tender offer in November 2021 (27.4% of the issued share capital at a 1.2% discount to the net asset value). Its share […]
In QuotedData’s morning briefing 18 March 2022: NB Private Equity has announced that it has been informed by its Registrar, Link Group, that the Company’s dividend payment for shareholders who elected to receive a Sterling dividend on 28 February 2022 was incorrectly processed due to an administrative error. Reflecting this, Link Group will be distributing a […]
ScotGems (SGEM) has announced its annual results for the year ended 31 December 2021. During the period, the trust’s NAV rose by 8.2%, yet its share price fell by 0.7%. The chairman, William Salomon, says that SGEM’s disappointing performance since launch, in both absolute and relative terms, can be attributed to the Managers’ cautious approach […]
In QuotedData’s morning briefing 11 March 2022: CQS Natural Resources Growth and Income (CYN) has announced its interim results for the six months ended 31 December 2021. CYN’s chairman, Richard Prickett says that, during the period, commodity markets were strong and interestingly for the sector higher interest rate expectations are supporting a broad market rotation […]
I started writing this article a week ago – the day before Russia launched its invasion of Ukraine. With the events unfolding in Eastern Europe and a harsh increase in sanctions a foregone conclusion, I pressed pause on looking at the commodities and natural resources sector to focus on the immediate impact on trusts with […]
Barings Emerging EMEA Opportunities (BEMO) has announced that its board has further refined the fair value of all the remaining Russian investments held in BEMO’s portfolio in line with the evolving market situation. In calculating BEMO’s NAV as at 2 March 2022, the Board has reassessed its policy announced on 1 March 2022 to mark […]
Murray International (MYI) has published its annual results for the year ended 31 December 2021. During the period, MYI provided NAV and share price total returns of 14.1% and 7.2% respectively. The difference between the two reflecting a widening of the discount during the period. In comparison, MYI says that the UK Retail Price Index […]
In QuotedData’s morning briefing 4 March 2022: Fidelity International has announced that it is pulling the plug on investment in Russia and Belarus. Its statement reads as follows: Given the seriousness of events in Ukraine, Fidelity International has decided that it will not be investing in Russia and Belarus for the forseeable future. As such, […]
Law Debenture (LWDB) has released its annual results for the year ended 31 December 2021, during which it provided an NAV total return with debt and its Independent Professional Services business (IPS) at fair value for 2021 of 25.1%, outperforming the All-Share Index by 6.8%. LWDB says that it was another year of strong performance […]
