Third Point Investors (TPOU) have issued proposals for what they describe as an innovative exchange facility. However, before we get carried away, these will not be of any use to smaller shareholders as “the minimum aggregate value of TPIL Shares which any one shareholder may tender for exchange will be US$10 million, based on the […]
Seraphim Space Investment Trust Plc (SSIT) has issued an ITF (intention to float) announcing its intention to launch an initial public offering for a listing on the premium segment of the main market of the London Stock Exchange. The newly established investment trust, which will invest in a diversified international portfolio of early and growth stage Space […]
Aberdeen New India (ANII) has released its annual results for the year ended 31 March 2021, during which its NAV has seen an epic rebound from its March 2020 lows (it provided an NAV total return of 52.7%), although it underperformed its benchmark, the MSCI India Index, which rose by 59.1% (all in sterling total […]
In QuotedData’s morning briefing 11 June 2021: Grainger, the UK’s largest listed residential landlord, has acquired The Forge, in Newcastle, a Build-to-Rent (BTR) asset comprising 283 rental apartments, for £57m from Moorfield Real Estate Fund III. The purchase price represents a gross yield of 6.25%. Target Healthcare REIT has completed the acquisition of a luxury care home in […]
Worldwide Healthcare Trust has announced results covering the 12 months ended 31 March 2021. It was a great year for the trust, especially given the backdrop of COVID-19. The NAV total return for the period was 30.0%, well-ahead of the return on the trust’s benchmark (MSCI World Health Care Index) of 16.0%. The shares did […]
This week, I was given the opportunity to speak at the Anaerobic Digestion and Biogas Association’s (ADBA’s) spring finance forum. We heard from a number of interesting speakers on the challenges that this relatively new industry faces and the innovative solutions that are being implemented to address these. At present, within the listed renewables funds […]
Volta Finance has made an announcement in relation to the results of its AGM, which was held on 8 December 2020, and raises questions as to whether some shareholders are disgruntled and whether some of the directors might be in the firing line. To summarise, the votes against the resolutions to approve the re-election of […]
HarbourVest Global Private Equity (HVPE) has announced its annual results for the year ended 31 January 2021, during which it has provided NAV per share increase of 30.4% over the financial year – the largest 12-month increase in HVPE’s 13-year history. It says that this compares against a return of 17.4% for its FTSE All-World […]
Edinburgh Investment Trust(EDIN) has announced its annual results for the year ended 31 March 2021, the first since the appointment of Majedie Asset Management as portfolio manager. The results are good news for shareholders, with EDIN providing an NAV total return of 34.8% and a share price total return of 46.4%, both of which are […]
Volta Finance Limited (VTA) has brought a dodgy website to investors attention this morning. In its announcement, it says that it has discovered a website purporting to represent Volta Investment Group (VIG), which is an entity entirely unrelated to VTA. However, the website for VIG incorrectly states that a number of VTA’s Directors are involved […]
