News

28 Jun 2023
230131 APEO Private Equity

abrdn Private Equity Opportunities shows NAV resilience

abrdn Private Equity Opportunities (APEO) has announced its interim results for the six months ended 31 March 2023. Key highlights from the results announcement are as follows: Performance – NAV total return (NAV TR) for the six months to 31 March 2023 was 3.0%. The valuation of the underlying portfolio increased by 5.4% during the […]

28 Jun 2023

SDCL Energy Efficiency Income targeting 4% dividend increase for current financial year

SDCL Energy Efficiency Income (SEIT) has announced its annual results for the year ended 31 March 2023. Key highlights from the report are as follows: Net Asset Value (NAV) per share of 101.5p as at 31 March 2023 (31 March 2022: 108.4p), which includes a reduction of 7.3p from 70bps increase in weighted average unlevered […]

28 Jun 2023

QuotedData’s morning briefing 28 June 2023

In QuotedData’s morning briefing 28 June 2023: Atrato Onsite Energy (ROOF) has signed a power purchase agreement (PPA) to sell the electricity generated by Project Skeeby, a 50MW solar PV project in Richmond, North Yorkshire. As announced in April, Skeeby is a recent acquisition and is currently under installation, with an expected energisation date of […]

23 Jun 2023

QD view – Bargain Britain

There’s been a surprising amount going on in markets this week, what with UK inflation, which many commentators have been suggesting is rolling over, remaining stubbornly high at 8.7% over the year to end of May 2023. This was unchanged from the previous month and was higher than had been expected, in view of energy […]

23 Jun 2023

Fondul Proprietatea’s Hidroelectrica publishes IPO prospectus

Fondul Proprietatea has announced that The Romanian Financial Supervisory Authority (FSA) has approved the publication of a prospectus in relation to initial public offering (IPO) by the Fund of Hidroelectrica’s existing ordinary shares. Hidroelectrica has applied for admission to listing and trading of its shares on the regulated market of the Bucharest Stock Exchange (BSE). […]

23 Jun 2023

Princess Private Equity announces sudden withdrawal of nominations for two directors

In a very unusual move, Princess Private Equity (PEY) has announced that two of its directors, Steve Le Page and Felix Haldner, have decided to withdraw their nominations for the company’s AGM, which is scheduled for today. PEY has not provided any explanation for the sudden development, which will almost certainly lead to speculation as […]

23 Jun 2023

Montanaro European Smaller Companies has much better second half

Montanaro European Smaller Companies (MTE) has released its annual results for the year ended 31 March 2023. During the period, the MSCI Europe (ex-UK) Small Cap Index (in sterling terms) fell by -5.5% while, in comparison, MTE’s NAV fell by 7.6% to 158.4p per share. Share price performance was slightly worse as the discount widened […]

23 Jun 2023

QuotedData’s morning briefing 23 June 2023

In QuotedData’s morning briefing 23 June 2023: Gore Street Energy Storage (GSF) has increased the size of its existing revolving credit facility (RCF) with Santander from £15m to £50m. Pricing for the £50m facility remains unchanged at 300 basis points over SONIA. If the increased RCF is fully utilised, GSF’s debt would be equivalent to […]

21 Jun 2023

AEW UK REIT benefits from active portfolio management

AEW UK REIT (AEWU) has published its full year results for the year ended 31 March 2023. To summarise, AEWU’s investment manager has continued to actively manage the portfolio, outperforming the benchmark in all sectors and, according to its chairman, Mark Burton, AEWU has traded at the narrowest discount of all UK diversified REITs. The […]

16 Jun 2023

Baillie Gifford UK Growth Trust sees growth headwind lessen

Baillie Gifford UK Growth Trust (BGUK) has released its annual results for the year to 30 April 2023, during which BGUK provided an NAV total return of 1.1%, which the trust says compares to a 6.0% total return for the All-Share. During the period, BGUK’s share price total return was -1.3%, reflecting a small widening […]