Foresight Sustainable Forestry (FSF) has acquired three assets in Scotland – Toun Hill, Threepwood Hill and Carlinden Burn – for a total cost of £8.3m (inclusive of tax and transaction costs). The purchase, which has been funded from FSF’s revolving credit facility (RCF), increases the size of FSF’s portfolio by 819 hectares to 12,545 hectares […]
For those that joined our annual investment trust forum yesterday, either via the online live-stream or in person, the discounts to net asset value (NAV) that are currently prevailing within the sector, most notably in the alternative income subsectors although very few areas have been left unscathed, were a big part of the discussion. David […]
Pacific Horizon (PHI) has released its annual results for the year to 31 July 2023, during which it provided an NAV total return of -3.6% and a share price total return of -8.9%, which compares against a total return for the MSCI All Country Asia ex Japan Index of 0.8% (all in sterling terms). PHI’s […]
Macau Property Opportunities (MPO) has announced its annual results for the year ended 30 June 2023. During the first six months of the financial year, Macau was subject to strict dynamic zero-COVID regulations, in lockstep with mainland China. At the beginning of 2023, however, COVID controls were rapidly relaxed, triggering a dramatic economic recovery which […]
SDCL Energy Efficiency Income Trust (SEIT) has acquired the outstanding balance of loan facilities secured against an operational portfolio of LED lighting projects, in the USA, held by Future Energy Solutions Lighting Holdings (FES), which is already a SEIT portfolio company. SEIT acquired the loan for approximately $31m (£25m) and its purchase gives SEIT the […]
Octopus Renewables Infrastructure Trust (ORIT) has entered into a conditional agreement to sell its Krzecin and Kuslin onshore wind farms in Poland to an affiliate of ORLEN S.A. On completion of the Transaction, ORIT expects to receive net proceeds, following the repayment of asset level debt and termination of hedging arrangements, of between PLN 470m […]
In QuotedData’s morning briefing 6 October 2023: A recording of Triple Point Energy Transition’s (TENT’s) recent Capital Markets Event held on 28 September 2023 is now available online. Topics include: Overview of TENT; a deep dive on battery energy storage systems (BESS) and hydroelectric portfolios; asset optimisation and value creation levers; organic earnings growth; and […]
Separately, GCP Infrastructure (GCP) and GCP Asset Backed Income (GABI) have issued statements saying that a proposed combination of the two companies has been terminated. A significant shareholder consultation exercise was undertaken and both statements make reference to a divergence of views existing amongst shareholders of GABI as being the hurdle. GABI’s board has said […]
Henderson High Income (HHI) has published its interim results for the six months ended 30 June 2023 and, against what was a volatile period for financial markets, the trust provided a net asset value total return of 3.0%, outperforming its benchmark, which returned of 1.9%. HHI’s share price total return of 2.0% was marginally ahead […]
Atrato Onsite Energy (ROOF) has entered into a share purchase agreement to acquire a fully operational portfolio of rooftop solar PV assets with a total value of £77.3m. The 34MW portfolio, which is made up of solar PV systems situated on residential rooftops across the UK, benefits from feed-in-tariff (FIT) payments, payable directly to ROOF […]
