In QuotedData’s morning briefing 21 October 2020: Golden Prospect Precious Metals (GPM) reported a strong set of interim results to 30 June 2020, with its NAV and shares increasing by 54% and 64.4% over the period. The fund’s chairman, Malcolm Burne, said that “Hordes of new buyers of both the yellow metal and the mining […]
Over its full-year, to 31 July 2020, Fidelity Asian Values (FAS) delivered a total NAV return of (16.7%) and a share price total return of (24.8%). In doing so, FAS underperformed the 2.7% delivered by its comparative index, the MSCI all countries Asia ex-Japan small-cap index. FAS’s manager, Nitin Bajaj, deploys a value approach geared […]
Hipgnosis Songs (SONG) announce the appointment of Grammy Award-winning songwriter, producer and music executive, L.A. Reid, to the advisory board of its manager, The Family (Music) Limited, in addition to the acquisition of 100% of the publishing interests and writers share of income in his catalogue comprising 162 songs. Boyz II Men and Bobby Brown L.A. Reid’s songwriting and production […]
Invesco Perpetual UK Smaller Companies (IPU) delivered total NAV and share price returns of (23%) and (34%) over its interim results period to 31 July 2020. By comparison, the benchmark Numis Smaller Companies Index (excluding Investment Companies) returned (21.2%). IPU notes that income levels are currently at half the level they would ordinarily expect. Since the period-end […]
In QuotedData’s morning briefing 14 October 2020 – Gresham House Energy Storage (GRID) announced that it has raised approximately £15.0m through the issuance of a mixture of short-term and medium-term secured power bonds. The majority of the proceeds will be used to acquire an operating asset which is in the final stages of due diligence with an agreement […]
Over the year to 31 August 2020, Baillie Gifford Japan’s (BGFD) NAV increased by 6.8% in total return terms, compared to a (0.1%) fall in the benchmark TOPIX index. BGFD’s shares rose by 3.7% over the year. Performance led by Softbank Approximately 33% of the portfolio is in internet-related businesses and a further 14% in automation […]
Merian Chrysalis’s (MERI) share placing raised £95m, ahead of the £50m it had initially targeted. MERI recently said that it was now substantially fully invested. The capital raised will be used to execute its investment in You & Mr Jones, announced on 1 October 2020, together with other pipeline and follow-on investments. Richard Watts, portfolio manager, commented: […]
Supermarket Income (SUPR) raised £200m in an oversubscribed issue. In the announcement this morning, it said that the initial size of the issue had been increased and that notwithstanding this, demand exceeded the proceeds raised. This resulted in the undertaking of a scaling back exercise. You can read more on the issue by accessing our […]
The private equity sector company, ICG Enterprise (ICGT), reported interim results to 31 July 2020, delivering a NAV total return of (1.0%). This was ahead of the FTSE all-share, which returned (17.8%) over the period. ICGT had a good second quarter, with the 3.2% total return coming in well ahead of the (4.1%) over the first […]
In QuotedData’s morning briefing 7 October 2020: Investment Company (INV), the £12.9m market cap UK equity income fund, announced annual results to 30 June 2020, delivering a NAV return of (9.5%). With respect to its future, INV’s chairman, I.R. Dighé had this to say: “In light of this volatility and the material uncertainty that surrounds the […]
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