In QuotedData’s morning briefing 23 December 2022: Schroder European Real Estate (SERE) has completed the early refinancing of its largest debt expiry in 2023, a €14m loan with VR Bank Westerwald, secured against its Hamburg and Stuttgart office investments. SERE says that competitive financing terms were obtained from five different lenders with VR Bank Westerwald […]
Aberdeen Diversified Income and Growth (ADIG) has announced its annual results for the year ended 30 September 2022. The report opens with a quote from the managers (Nalaka De Silva, Heather McKay, Simon Fox and Nic Baddeley), which says “We feel that the company is well protected in the current environment, and ready to take […]
Infrastructure India (IIP) has announced its annual results for the twelve months ended 31 March 2022. The key takeaways, from what we can see, are that IIP now has a value per share of 0p, or nil, and the accounts have not been prepared on a going concern basis. [QD comment: Unfortunately, this is no […]
BlackRock Greater Europe (BRGE) has announced that Stefan Gries has become the manager of its portfolio, effective immediately. Sam Vecht, Managing Director in BlackRock’s Global Emerging Markets Equities team, will be stepping aside from his role as co-portfolio manager, which apparently reflects the current focus and asset allocation within the portfolio. About Stefan Gries Stefan […]
In QuotedData’s morning briefing 21 December 2022: Doric Nimrod Air One (DNA) has announced that, following the lease end date and previously announced agreement to sell its Airbus A380-861 aircraft to Emirates (announced on 5 July 2022), sale proceeds of £25.30m have been received with the title of the aircraft passing to Emirates. DNA’s board […]
JPMorgan China Growth & Income (JCGI) has published its annual results for the year ended 30 September 2022. During the period, JCGI provided an NAV total return of -36.7%, underperforming the MSCI China Index, which declined 22.0%. The Company delivered a return to ordinary shareholders of -38.5%, reflecting a widening in the discount at which […]
abrdn New Dawn (ABD) has published its interim results for the six months ended 31 October 2022. During the period, ABD provided an NAV total return of -12.7%, which is modestly ahead of the equivalent return on its benchmark, the MSCI All Countries Asia Pacific ex Japan Index, of -13.7% (all in sterling terms). The […]
River and Mercantile UK Micro Cap (RMMC) has published its annual results for the year ended 30 September 2022. During the period, RMMC provided an NAV total return of -48.03%, while its benchmark posted a total return of -26.91%. The chairman, Andrew Chapman says “There can be no doubt that the last year has been […]
JPMorgan Japanese (JFJ) has published its annual results for the year ended 30 September 2022. JFJ underperformed during the first half of its financial year and this continued into the second half, although both relative and absolute performance recovered in the final months of the financial year. Overall, JFJ’s NAV total return for the period […]
In QuotedData’s morning briefing 14 December 2022: International Biotechnology Trust (IBT) has announced that there has been a material adjustment to the valuation of an investment from the unquoted portfolio managed by SV Health Managers LLP in which IBT is invested. As such, IBT’s NAV will therefore increase by £2.5m (US$3.1m) which corresponds to a […]
