As per the announcement made on 30 April, the board of SQN Asset Finance Income (SQN) has announced the appointment of KKV Investment Management (KKV) as portfolio manager of the company and the appointment of International Fund Management as the company’s AIFM. KKV is a newly formed investment management company, majority owned by Kvika Securities, the […]
Hipgnosis (SONG) released a trading update, in lieu of full-year results to be announced in July. Highlights include: 42 Catalogues acquired for £560m taking the total Portfolio to 54 catalogues £422.9m of new equity raised and fully deployed Transfer from the Specialist Fund Segment to the Premium segment of the Main Market of the London […]
Gresham House Energy Storage (GRID) is assessing options to raise debt finance, to fund the acquisition of new battery storage projects. GRID’s previously communicated plans include commissioning a further 190MW of battery storage in 2020, increasing total capacity to 364MW by the end of this year. Civitas Social Housing (CSH), the London-listed REIT dedicated to investing […]
Multi-managed global sector company, Witan (WTAN), has announced some changes to management arrangements. Principally, exposures to Europe, through CRUX Asset Management and S.W. Mitchell Capital, have been sold (after having been substantially reduced over February) while the global portfolio managed by Pzena Investment Management has been sold as well. In the latter’s case, the majority of the […]
In an update covering the period from 1 January to 29 May 2020, infrastructure-sector company, International Public Partnerships (INPP), delivered a 1.7% increase in NAV. There has been no operational change to the investment portfolio in the period since year-end results were announced on 9 April. Income-wise, the portfolio maintains a high level of inflation-linkage, […]
BMO UK High Income (BHI) reported annual results to 31 March 2020, this morning. Performance highlights include: Total distributions increased by 3.4% to 5.21p per share compared to the prior year. Distribution yield of 7.5% on ordinary shares and 7.7% on B shares at 31 March 2020, compared to the yield on the FTSE all-share index […]
We have included the following outlook extract from Schroder Oriental Income (SOI)’s management report, as part of its interim results released this morning (to 29 February 2020). ‘The economic impact of covid-19 has made the global financial crisis of 2008 seem like a mild inconvenience’ “It would have been difficult to imagine events that could leave […]
AVI Global’s (AGT) NAV and shares declined by 24.7% and 24.3% (both in total return terms) over the six-month period to 31 March 2020. AVI targets companies whose shares stand at a discount to their estimated underlying NAV. These can include investment holding companies, investment trusts and other companies. In her outlook statement, chair, Susan Noble, noted: “Having experienced […]
In QuotedData’s morning briefing 29 May 2020: The balance between re-opening economies around the world and minimising new cases of covid-19 is delicate. South Korea has closed schools, just a day after re-opening, after recording its highest total of new cases in two-months, yesterday. Templeton Emerging (TEM) has received a tax windfall from HMRC. £26.5m or […]
In a quarterly update, the growth capital trust, Merian Chrysalis (MERI), noted the trend that digitally-enabled businesses have typically experienced less of an impact on trading performances than “offline” peers over the period affected by covid-19. MERI also said that a number of its shareholdings contain downside protection, often in the form of preference structures, […]
