The Sustainable Farmland Trust Plc (SFT) has announced that it “has decided to pause its initial public offering (IPO) due to the current high levels of market volatility and uncertainty.” SFT published its IPO prospectus on 15 September 2022 (click here to read more on that) and SFT’s board and manager say that they are […]
In QuotedDatas morning briefing 10 October 2022: abrdn Private Equity Opportunities Trust (APEO) has announced an increase in the size of its loan facility from £200m to £300m. The facility, which is a syndicated multi-credit facility agreement, has seen the Royal Bank of Scotland International Limited join as a lender and Natwest Markets Plc replace […]
In its annual results for the year ended 30 June 2022, Fidelity Emerging Markets’ (FEML) chairman, Hélène Ploix, says that “there have been multiple factors which have led to the poor performance of emerging markets, and the performance of the portfolio, during the period but the most significant of these was doubtless Russia’s invasion of […]
In QuotedData’s morning briefing 7 October 2022: Following its merger with Pollen Street Capital Holdings, Honeycomb Investment Trust has announced that it has changed its name to Pollen Street Plc. Honeycomb’s shares will trade under the new name on the London Stock Exchange from 8.00am on Monday 10 October 2022. The trust’s ticker will also […]
European Smaller Companies Trust (ESCT) has published its annual results for the year ended 30 June 2022. SCT’s chairman, Christopher Casey, says that “NAV total return performance for the year to 30 June 2022 has been disappointing at negative 21.0%, lagging the benchmark performance of negative 17.3%. Share price total return for the year was […]
Ruffer (RICA) has released its annual results for the year ended 30 June 2022, which its chairman, Christopher Russell, says “has been another excellent year for Ruffer”. During the period, RICA’s NAV total return was 6.0%, with the NAV per share rising from 281p to 295p. The share price total return was 5.6%, reflecting a […]
Hg, the Manager of HgCapital Trust, has announced that its investee company Ideagen, a trusted name in software solutions for regulated industries, andfellow investee company ProcessMAP, a leading Environmental, Health and Safety software platform provider are to be merged and Hg will remain as majority investor in the combined business. The transaction is expected to […]
Further to its announcement of a new revolving credit facility (RCF) two days ago (click here to read more on this), Hipgnosis Songs Fund (SONG) has announced that it has now completed the interest rate swap agreements that it said were in negotiations when it made the RCF announcement. Crucially, at a time of rising […]
In QuotedData’s morning briefing 5 October 2022: Brunner (BUT) has announced that Julian Bishop will be joining the AllianzGI team managing the trust’s portfolio on 1 November 2022 as a senior portfolio manager with a view to becoming co-lead manager alongside Christian Schneider in due course. Julian has 25 years investment experience as a global […]
BB Biotech saw an almost 3% rise in its NAV yesterday to CHF51/share, helped by a 36% jump in the share price in one of its holdings – Myovant – triggered by a cash buy-out offer. BB Biotech’s share price, however, was largely unchanged at CHF52.8, which has had the effect of reducing the investment […]
