In QuotedData’s morning briefing 23 December 2020 – International Public Partnerships (INPP) made an additional €10m investment and a contingent commitment of a further €14m to the 100% indirectly owned special purpose company that owns the Northern Diabolo Rail Link (Diabolo). Diabolo is a rail infrastructure investment which integrates Brussels airport with Belgium’s national rail […]
Schroder UK Mid Cap (SCP) reported annual results to 30 September 2020, with a total return of -7.7% in NAV terms representing better performance than the benchmark’s -15.3%. According to co-managers, Jean Roche and Andy Brough, the outperformance of the benchmark was due to stock selection, with gearing having a small negative effect. They note that […]
In QuotedData’s morning briefing 21 December 2020 – Schroder British Opportunities (SBO) announced its investment into Learning Curve Group (LCG), described as a leading private UK training and education specialist. SBO invested alongside Agilitas, a pan-European mid-market private equity firm. LCG represents SBO’s first private equity investment. LCG provides opportunities for over 120,000 learners and 4,500 employers […]
Over BlackRock Frontiers’s (BRFI’s) year to 30 September 2020, its NAV returned -20.0% while the benchmark delivered -15.6%. Performance has been much better over the post reporting period, with the NAV up 27.9% from 30 September to 8 December, compared to the benchmark’s 15.5% return. BRFI’s managers, Sam Vecht and Emily Fletcher, believe that the value […]
Polar Capital Technology (PCT) has published unaudited results for the half-year to 31 October 2020. In NAV per share terms, PCT returned 28.1%, while the market return came in at 18.1%. The benchmark Dow Jones World Technology Index delivered a return of 23.9%. ‘Internet and software subsectors lead relative performance’ PCT’s manager, Ben Rogoff, had this to say: “Internet companies […]
In QuotedData’s morning briefing 11 December 2020 – Over its half-year period to 31 October 2020, Atlantis Japan Growth (AJG) delivered a total NAV return of 27.3%. This compares with the TOPIX total return index of 7.3%. In the results release, it is noted that “the manager believes that Japan’s economy has bottomed out and has […]
The past year has been highly challenging for Electra Private Equity (ELTA). In its annual results announcement this morning (covering the period to 30 September 2020), chairman, Neil Johnson, noted: “The emergence of the pandemic and the resultant impact on equity market values has had the effect of reducing the combined valuation of our three larger […]
Following on from its $282m IPO last month, Round Hill Music (RHM) will issue new ordinary shares under the terms of its placing programme. The shares will be issued at a price of US$1.01. In this morning’s announcement, it is noted that “RHM has identified a seasoned portfolio of iconic catalogues with established steady-state revenues that […]
In QuotedData’s morning briefing 8 December 2020 – Syncona’s Autolius reported positive results in its ALLCAR Phase 1 study, where it is using AUTO1 to treat Adult Acute Lymphoblastic Leukemia. COVID has delayed phase 2 – it says that “…enrolment projections have had to be adjusted. We now expect to enroll patients throughout 2021 with a […]
Keystone (KIT) announces that it has decided, subject to contract and to shareholder approval, to appoint Baillie Gifford & Co Limited (Baillie Gifford) as its manager using its ‘Positive Change’ investment strategy, a global equity strategy which seeks to provide attractive investment returns while contributing towards a more sustainable and inclusive world. Structural challenges led to […]
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