In a monthly update release, BlackRock Throgmorton (THRG), the UK-smaller companies sector fund, said that its NAV was down by (24.7) over the month of March 2020. This was cushioned by the trust’s short book, one of THRG’s defining features. At the time of writing, the shares are up over 10%, over the month of April. […]
Renewable energy infrastructure company, Gresham House Energy Storage (GRID), reported its first set of annual results since its launch in November 2018. Performance highlights Net Asset Value of £205.9m, up 6.48% on a total return basis. Driven by portfolio cash generation, improved revenue forecasts and project-level value enhancements. Total dividends for the year of 4.5p […]
Greencoat UK Wind (UKW) announced that it struck an agreement with Vattenfall Wind Power (Vattenfall) to acquire South Kyle wind farm for a headline consideration of £320m, which it says will be due upon completion, scheduled for Q1 2023, once the wind farm begins commercial operation. South Kyle is located 5km to the east of […]
International Biotechnology Trust’s (IBT) has reported interim results, to 29 February 2020. The pandemic’s sustained impact on financials markets began in March, so the impact on IBT’s portfolio over this results period, was negligible. Over the interim period, the company’s NAV per share returned 3.6%. By comparison, the NASDAQ biotechnology index (NBI) returned 6.0% and […]
Golden Prospect Precious Metals (GPM) was the best performing investment company in 2019 (we covered this in our earlier annual review, which you can access here), following a resurgence in gold. The company has reported annual results this morning, to 31 December 2019. NAV per share rose by 64.2% with the ordinary share while the shares […]
SQN Secured Income (SSIF) will hold its continuation vote on 19 June, following a delay to the Q1 2020 timetable, as a result of covid-19: “As notified on 23 January, the company’s NAV at the end of December 2019 was £50m which was below the £250m targeted when management of the company’s portfolio was assumed […]
Miton UK MicroCap (MINI) said the following this morning: Gervais Williams and Martin Turner remain as managers “The directors of the company wish to announce that Premier Portfolio Managers Limited, has replaced Miton Trust Managers Limited as AIFM to the fund The AIFM is authorised and regulated by the Financial Conduct Authority. The change of […]
European markets have followed Asia in starting the week on the front foot, reflecting the prospect of further central bank support. Meanwhile, New Zealand’s Prime Minister, Jacinda Ardern said the virus was “currently” eliminated, with new reported cases in single figures over a number of days (as reported by the BBC). Norwegian, has said its fleet […]
Merchants Trust (MRCH) has reported final results to 31 January 2020. The landscape has changed considerably since the period-end. Over the annual results period, the performance highlights include: 18.7% increase in the NAV total return against 10.7% benchmark return; 18.6% rise in the share price; 4.2% increase in the dividend; 38th successive year of dividend growth; […]
CVC Credit Partners European Opportunities (CCPG) has reset the company’s dividend target to 4p per sterling share/4c per euro share for the next 12 months. “As noted in the annual financial report for the year ended 31 December 2019, the board set the medium-term total return target at 8% per annum, which it regards as […]
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