In QuotedData’s morning briefing 11 February 2022: AEW UK REIT (AEWU) has been granted planning consent for the demolition and development of a 527-unit student accommodation scheme at 225 Bath Street in Glasgow city centre, paving the way for the sale of the site to IQ Student Accommodation. The sale of the vacant office scheme […]
BlackRock Energy and Resources Income (BERI) has announced its results for the year ended 30 November 2021, during which it provided NAV and share price total returns of 34.4% and 41.7% respectively. In comparison, the EMIX Global Mining Index rose by 12.5% and the MSCI World Energy Index rose by 41.2% over the same period. […]
In QuotedData’s morning briefing 4 February 2022: Jupiter Emerging & Frontier Income Trust (JEFI) has announced that its Fund Manager, Ross Teverson, has recently increased his personal shareholding in the Company to 1,134,000 ordinary shares, representing 1.90% of JEFI’s total voting rights. [QD comment: We are pleased to see Ross Teverson further aligning himself with […]
Seraphim Space Investment Trust (SSIT) has announced today that its portfolio company D-Orbit S.p.A., an Italy-based space logistics and transportation company, is to become publicly listed through a business combination with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ), a publicly traded special purpose acquisition company. SSIT says that, following the close of the transaction, which is […]
JLEN Environmental Assets Group (JLEN) has announced that it has raised £60.7m through the placing and offer for subscription that it previously announced on 12 January 2022. The Issue was significantly oversubscribed, in both the placing and offer for subscription, and JLEN intends to use the net proceeds of the Issue to repay its credit […]
In QuotedData’s morning briefing 28 January 2022: Fondul Proprietatea (Ticker: FP.) has announced that the buyback programme that was approved by shareholders at the EGM on 5 December 2021 will start on 31 January 2022. The programme can repurchase up to 800m shares and lasts until 31 December 2022. All repurchased shares are to be […]
Downing Renewables & Infrastructure (DORE) has announced that it has exchanged contracts to acquire two operational portfolios of hydropower plants located in central Sweden for a total consideration of approximately €25m. The first is a circa 12 GWh portfolio of hydropower plants from ÄSI Kraft AB located in the SE3 electricity pricing zone for approximately […]
Polar Capital Global Financials Trust (PCFT) has announced today (21st January 2021) that it is considering an equity issue under its placing programme. There is currently strong interest in the financials sector and, reflecting this, strong demand for PCFT’s shares. Since 30 November 2020 to 20 January 2022, PCFT says that it has raised some […]
In QuotedData’s morning briefing 21 January 2022: Hg, the manager of HgCapital Trust (HGT) has announced that it is making an additional investment into Lyniate, which it describes as “a leader in healthcare data interoperability”. The terms of the transaction are not disclosed. The transaction will result in HGT investing approximately £8.1 million in Lyniate, […]
There is a natural bias with financial analysis and commentators towards writing about securities that are perceived as being cheap and less so about those that may, at least optically, look expensive. There is a lot of emphasis placed on trusts trading at marked discounts to net asset value but much less focus on trusts […]
