BlackRock Greater Europe (BRGE) has published its annual results for the year ended 31 August 2022. During the period, BRGE’s NAV decreased by 29.2%, significantly underperforming its reference the FTSE World Europe ex UK Index (the reference index), which BRGE says fell by 11.5%. Some of this underperformance was directly attributable to the write down […]
Henderson Far East Income (HFEL) has released its annual results for the year ended 31 August 2022. Its new chairman, Ronald Gauld, opens his statement by saying that, despite the rather dire backdrop of the last financial year, HFEL rose to the challenge in many ways, producing a positive NAV total return of 1.9% and […]
Fidelity Special Values (FSV) has announced its annual results for the year ended 31 August 2022. Its manager, Alex Wright, marked his ten-year anniversary of managing the Company on 1 September 2022, having produced a cumulative NAV and share price total returns of 183.3% and 208.9%, respectively, over the decade. These are both well ahead […]
Schroder Oriental Income (SOI) has announced its annual results for the year ended 31 August 2022, during which it provided an NAV total return of 2.5%, which compares favourably with the -7.7% of its reference benchmark over the same. Its chairman, Paul Meader, comments that the financial year saw two very different environments in the […]
In QuotedData’s morning briefing 4 November 2022: Castelnau Group (CGL) has made a further investment in Ocula Technologies Holdings Ltd, a data sciences business in which it owns a majority stake. The additional investment of approximately £700,000 is part of a proposed additional funding round which it is hoped will see new, third-party investors become […]
Schroder British Opportunities Trust (SBO) has announced that the merger between Culligan International and Waterlogic Group Holdings (an SBO holding) has completed. As result of the merger agreement, SBO will receive £2.38m in cash, which represents 3.2% of its NAV as at the 30 June 2022. The NAV of the Waterlogic investment in SBO already […]
In QuotedData’s morning briefing 3 November 2022: Gresham House Energy Storage (GRID) has announced that it has agreed £155m of additional debt through an accordion facility on its existing senior debt facilities that were secured in September 2021. The interest rate remains unchanged at SONIA + 3%, while the term of the debt facility has […]
Industrials REIT (MLI) has published a trading update for the second quarter of its financial year (1 July 2022 to 30 September 2022), which includes up-to-date information on transactions and rent collection across the MLI’s whole portfolio. MLI reports that tenant demand has continued to be strong, with the average uplift in rent upon lease […]
Grit Real Estate Income Group (GR1T) has announced its annual results for the year ended 30 June 2022. While GR1T says that it produced a “robust underlying portfolio performance”, there was a 21.6% EPRA net reinstatement value (NRV) per share reduction, which predominantly relates to the dilutive impacts of the Company’s equity issuance in December […]
Henderson International Income Trust (HINT) has published its annual results for the year ended 31 August 2022, during which it provided an NAV total return of 6.3% (debt at fair value) and a share price total return of 7.8%. In comparison, HINT’s new benchmark, the MSCI ACWI (ex UK) High Dividend Yield Index (sterling adjusted), […]
