In QuotedData’s morning briefing 9 September 2020: Trian Investors (TI1), which was set up to invest in a single stock and engage with stakeholders to improve the stock’s value, made its move in July 2019 by acquiring a stake in Ferguson. Ferguson is a leading distributor of plumbing and heating products in North America, as well […]
In QuotedData’s morning briefing 8 September 2020: Standard Life Investments Property Income Trust has completed the purchase of a B&Q Retail Warehouse in Halesowen for £19.5m, financed by its low cost revolving credit facility. The purchase reflects an initial yield of 7.5% and is let to B&Q Ltd for a further 11 years to lease expiry. […]
Gresham House Strategic (GHS), which sits in the UK smaller companies sector, says that in view of strong performance and the outlook for its portfolio, it is proposing to increase its target dividend increase from 15% to 20%, for the completed financial year to March 2020. Click here to read our coverage from June of […]
Foresight Solar (FSFL) has this morning announced the acquisition of its first solar asset in Spain. The 26.1 MW Virgen del Carmen asset, based in Huelva, in the south-west of Spain, is the fund’s first acquisition in continental Europe and also represents Foresight Solar’s initial investment in subsidy-free solar. At the date of acquisition, the company’s investments […]
Tellworth British Recovery & Growth Trust plc (TBRGT), a newly established investment trust, has this morning announced its intention to launch an IPO. It is aiming to raise £100m through an initial placing and an initial intermediaries offer of ordinary shares in the capital of the company, with the flexibility to raise up to £500m. […]
Nippon Active Value (NAVF) launched on 21 February on the London Stock Exchange, raising £103m (click here to read more). The company is an activist investor in smaller Japanese companies. It has released its first set of results this morning, with NAV per share increasing by 5.5% to 105.5p. As at 31 August, the company’s shares were […]
Jupiter Green (JGC) released an update ahead of its continuation vote being held at the forthcoming annual general meeting on 16 September 2020. In summary, the board noted: “The COVID-19 crisis is accelerating a number of structural sustainability trends; as a result, the fund manager is increasing the portfolio’s allocation to smaller capitalization, higher growth […]
In QuotedData’s morning briefing 2 September 2020: Temple Bar (TMPL) briefed that as per their announcements on 20 April and 9 June 2020, the board has instigated a review of the management arrangements. They anticipate that this review will be completed shortly, and the publication of the interim results has been delayed in order to […]
BBGI, which provides exposure to a global portfolio of 49 availability-based PPP infrastructure assets, has reported interim results to 30 June 2020. Over the period, the company’s investment basis NAV per share increased by 0.1%. The 2020 target dividend of 7.18pps represents a 2.6% increase compared to last year. Portfolio highlights include 99.8% asset availability As at 30 […]
In QuotedData’s morning briefing 28 August 2020: Invesco Asia (IAT) announced two measures aimed at meeting its 10% discount target. Chairman, Neil Rogan, says that they are being introduced to spark new demand for the company. Conditional tender offer: subject to approval by shareholders, the board intends to introduce a performance-related conditional tender offer. Under the […]
