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23 Apr 2020
Vietnam Enterprise VEIL

Vietnam Enterprise reports annual results as country comes off best economic growth year in a decade

Vietnam Enterprise’s (VEIL) USD NAV per share rose 3.0% in total return terms, over its full-year period to 31 December 2019, underperforming its benchmark, the VN index, on a relative basis by 6.8%. VEIL’s share price discount to NAV narrowed from 11.3% at the end of 2018 to 7.0% at the end of 2019, reflecting strong interest […]

23 Apr 2020
US Solar Fund

US Solar sees no material impact on construction timeline or operating cashflows

US Solar (USF) provided the following update this morning: Summary – no material impact expected and dividend set to commence as planned  USF does not expect covid-19 to materially impact construction timelines or operating cashflows; USF’s acquired portfolio consists of 37 projects with total capacity of 383 MWDC. A further four projects totaling 61 MWDC are […]

22 Apr 2020

BlackRock Frontiers reflects on March performance with Indonesia, Egypt and Vietnam hit particularly hard

BlackRock Frontiers (BRFI) In their capacity representing BRFI’s manager, Sam Vecht and Emily Fletcher, said: “The company’s NAV returned -25.6% (as at 31 March 2020) versus its benchmark the MSCI emerging ex selected countries + frontier markets + Saudi Arabia benchmark index  which returned -19.4% in March.  For reference, the MSCI emerging markets index ended the […]

22 Apr 2020

Renewables Infrastructure Group notes material reduction in near term power price forecast

We have an update from Renewables Infrastructure Group (TRIG) this morning. The key points made are: Power price forecasts reduced, with material impact from covid-19 in the near term, which if taken in isolation and excluding value enhancements, would imply a reduction in NAV per share of approximately 5p; Excellent portfolio performance in Q1, with […]

22 Apr 2020

Annual results and update from SME-focused RM Secured Direct Lending

RM Secured Direct Lending (RMDL) has reported its annual results to 31 December 2019. Over the course of the year, the portfolio generated a NAV total return of 8.2%. The company’s shares trading in a narrow range within 99.50 pence and 103 pence over the period. Reflecting on 2019’s market environment RMDL said the following in its […]

22 Apr 2020

QuotedData’s morning briefing 22 April 2020

The international oil market has moved to a price level not seen in about twenty years. The price of Brent crude oil fell to under $16 a barrel this morning. This follows the move into negative territory earlier this week in the US WTI crude oil benchmark. Alcentra European Floating Rate Income is convening an […]

20 Apr 2020

Temple Bar serves protective notice to manager Ninety One UK

Last Friday, it was announced that Alastair Mundy, the individual manager of Temple Bar (TMPL), had been given an extended leave of absence by Ninety One (TMPL’s manager), for health reasons. Click here for our full story from Friday. 12 months notice served Further to the announcement made last week, the board of TMPL has concluded […]

20 Apr 2020

Secure Income REIT responds to reports Travelodge is seeking rent breaks from landlords

Secure Income REIT (SIR) has released a statement with respect to Travelodge, the budget hotel chain. We note that it was reported over the weekend that Travelodge had appointed advisers to oversee discussions with its landlords over rent breaks or deferrals. The hotel company fears it will run out of cash before hotels can re-open […]

20 Apr 2020

BMO Real Estate collected 69% of billed rent over quarter to 31 March

In a trading update to 31 March 2020, BMO Real Estate (BREI) has said that its unaudited NAV per share at the period-end was 99.7 pence, representing a decrease of 2.8% 31 December 2019 of 102.6 pence and a NAV total return for the quarter of (1.6%)..BREI said the valuation certificate includes a ‘material uncertainty’ clause […]

20 Apr 2020

QuotedData’s morning briefing 20 April 2020

The price of US oil, as measured by WTI, has fallen to a 20-year low this morning. A price of $14.99 a barrel at the European markets, reflects the demand impact of covid-19 and concerns that there is not enough storage to keep all the excess crude. Equity markets across Europe have started the week […]

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