In QuotedData’s morning briefing 2 November 2020 – Downing Strategic Micro-Cap (DSM) reported interim results for the six months ended 31 August 2020. The NAV increased by 22.5% from the March 2020 low-point, but was down 5.5% over the period, on a per-share basis. Chairman, Hugh Aldous, noted the following: “I said in May that we […]
Asia Dragon (DGN) reported annual results to 31 August 2020. The trust, previously known as Edinburgh Dragon, delivered an NAV increase of 4.7% and a market return of 4% (both on a total return basis). DGN’s benchmark, the MSCI Asia ex Japan index, fared better, returning 10.9%. DGN’s manager said that much of the stock market exuberance was fuelled […]
In QuotedData’s morning briefing 30 October 2020 – Augmentum Fintech (AUGM) successfully completed its placing and retail offer, with demand exceeding the issue size. Admission of the new shares to the LSE is expected on 3 November 2020. Tim Levene, CEO of AUGM’s manager, commented: “The success of this fundraise reflects the growing shift in the move […]
Premier Global Infrastructure (PGIT) released a statement noting that “following the consultations with dissenting shareholders, and in order to ensure consistency between the name of the company and its investment policy, and further to reflect the merger of Premier Asset Management Group with Miton Group in November 2019, the company confirms that on 20 October […]
In an update statement this morning, NextEnergy Solar (NESF) announced that generation over the first half of its financial year, to 30 September, was 11.1% above budget. Solar irradiation exceeded expectations by 10.8%. NESF reaffirmed its full-year dividend target of 7.05p for the financial year ending 31 March 2021. High Garrett 8.5MWp subsidy-free solar asset energised […]
In QuotedData’s morning briefing 28 October 2020 – Apax Global Alpha (APAX) announced that Genius Sports Group, a portfolio company of the Apax IX fund, and dMY Technology Group, a publicly traded special purpose acquisition company (SPAC), have agreed to combine. As a result of the business combination, GSG and dMY II shareholders will exchange their shares for […]
Augmentum Fintech (AUGM), one of the year’s best-performing investment companies, announced its intention to conduct a placing to raise gross proceeds of up to approximately £28m at a price of 120p. AUGM says that proceeds of the fundraise are to be used to fund investments selected from the company’s near-term pipeline, which currently contains approximately £120m of […]
In QuotedData’s morning briefing 26 October 2020 – Pershing Square (PSH) announced the launch of an offering of up to $500m aggregate principal amount of senior notes with a maturity not later than 2031. The net proceeds are expected to be used for general corporate purposes, including to make investments in Pershing Square Tontine Holdings, […]
Aberdeen Diversified Income and Growth (ADIG) announced that following a strategic review, it has been agreed with the manager that a greater focus should be given to the company’s allocation to private market investments. It has been agreed that Nalaka De Silva, Aberdeen Standard Investments’ head of private markets solutions, will assume oversight of the company’s portfolio asset […]
Over Schroder Japan Growth’s (SJG) annual results period to 31 July 2020, it delivered a total NAV return of -11.7%, which compares with -6.1% by the benchmark. In the manager’s report, it was noted that the company’s bottom-up stock picking approach typically results in a moderate bias towards an overall ‘value’ style. This generated a headwind for […]
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