Over Gulf Investment Fund’s (GIF) full-year results (to 30 June 2020) saw the NAV decline by (8.7%) in total return terms. This compares with a (17.2%) decline in the benchmark. The shares fared slightly better, declining by (5.4%). At the year-end, GIF’s shares were trading at a discount of (7.5%) of NAV, which was ahead […]
Ashoka India Equity (AIE) has released year-end results for the 12 months to 30 June 2020. Over the period, which marks the company’s second annual results release since its launch, the total returns generated by the NAV and shares were (4.3%) and (9.6%). By comparison, the benchmark MSCI India IMI index delivered (16.0%). India has […]
In QuotedData’s morning briefing 28 September 2020: CVC Credit Partners European Opportunities (CCPE/CCPG) reported interim results to 30 June 2020, with NAV total returns for the Sterling and Euro share classes coming in at (7.95%) and (8.45%), respectively. Chairman, Richard Boléat, had this to say: “Performance of risk assets as a whole since 30 June has […]
Over Murray Income’s (MUT) financial year-ending 30 June 2020, it delivered total NAV and share returns of (5.3%) and (5.8%). Both were ahead of the FTSE all-share index total return of (13%). We have included a section on performance attribution below, which details where value was added and lost, over the year. MUT’s total dividends […]
Following on from the announcement by Temple Bar (TMPL), on 2 September, that it had delayed the release of its interim results due to an ongoing review of its investment management arrangements, the fund has entered into a heads of terms agreement with RWC Asset Management (RWC). The portfolio will be managed by the long-term partnership […]
In QuotedData’s morning briefing 23 September 2020 – Hg, the Manager of HgCapital Trust (HGT) announced the sale of A-Plan Group, one of the UK’s largest specialist insurance intermediaries, to Howden. The deal is subject to regulatory approval. This transaction values HGT’s current investment in APG at £21.5m. This would represent an uplift of £3.2m (18%) over […]
Baillie Gifford’s Schiehallion Fund (MNTN) has released interim results covering the six months to 31 July 2020. Over the period, NAV per share increased by 4.3% while the shares delivered a return of 8.2%. Manager’s report from Baillie Gifford – ‘62% of the capital raised had been invested by the end of July’ “The global spread […]
Hipgnosis Song (SONG) has announced plans to raise up to £250m through an ordinary share placing, at a price of 116p. We note that on 9 September SONG announced that it had invested approximately 82% of the net proceeds from its July C share issue. Since then, SONG acquired several more catalogues including Chrissie Hynde, Rick James […]
In QuotedData’s morning briefing 21 September 2020 – Crystal Amber (CRS) reported annual results to 30 June 2020. The UK smaller companies fund’s NAV fell by (55.4%) in total return terms. It was a better second half of the year, with CRS’ NAV increasing by 11.2% over the year-to-date to 30 June 2020. The main […]
Baker Steel Resources (BSRT)’s NAV rose by 4.5% over the six-month interim period to 30 June 2020. Mining shares recovered strongly following the March collapse, with the EMIX Global Mining Index rising 5.8% in sterling terms over the half-year period. ‘Mining shares rebounded strongly in reaction to the inflationary risk of global stimulus’ BSRT’s chairman, Howard Myles, […]
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