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07 Jun 2021

Templeton Emerging Markets comes off strong year as it seeks to tweak investment policy and action share split

Templeton Emerging Markets’s (TEM’s) annual results to 31 March 2021 saw it deliver a total NAV return of 54.5%, which was significantly ahead of the benchmark MSCI Emerging Markets index return of 42.8%. The return to shareholders over the year amounted to 59.5%. In addition to its strong exposure to China, which had such a strong 2020, […]

07 Jun 2021

QuotedData’s morning briefing 7 June 2021

In QuotedData’s morning briefing 7 June 2021 – Augmentum Fintech (AUGM) says that it continues to see a strong pipeline of investment opportunities. It is considering the issue of new ordinary shares to fund additional investments, with any potential fundraise likely to follow the publication of an updated NAV. Further details will be announced in […]

02 Jun 2021

The UK Residential REIT – Intention to float targeting private rented assets outside Central London

The UK Residential REIT (URES) has announced its intention to float with the aim of raising £150m to be invested in a diversified portfolio of affordable, privately rented residential real estate assets in attractive locations outside of prime central London (the announcement mentions Manchester, Sheffield, Leeds, Liverpool and Bristol). The company intends to use the […]

02 Jun 2021

Shires Income has a strong year with preference shares showing their value

Shires Income (SHRS) had strong year to 31 March 2021 in absolute and relative return terms, delivering total NAV and shareholder returns of 34% and 31.2%. The benchmark (All-Share Index) returned 26.7% over the same period. Entain, BHP, and M&G among best performers while preference shares stand out too SHRS’s managers, Iain Pyle and Charles Luke, had […]

02 Jun 2021

QuotedData’s morning briefing 2 June 2021

QuotedData’s morning briefing 2 June 2021 – The Scottish Investment Trust’s (SCIN’s) board is to undertake a review of the future investment management arrangements of the company. In 2015 SCIN adopted a high conviction, global contrarian investment approach.  The board’s view at the time was that a period of at least 5 years would be required to evaluate […]

25 May 2021

Richard Staveley leaves Gresham House Strategic’s manager

Following on from yesterday’s (May 24) announcement from Gresham House Strategic’s (GHS’s) board that it will conduct a strategic review on the existing strategy against other strategies available (click here to read our news story from yesterday), it was announced this afternoon that GHS’s manager, Gresham House, had accepted the resignation of Richard Staveley, who has […]

25 May 2021

Schroder UK Public Private makes first new investment since manager’s December 2019 appointment

Schroder UK Public Private (SUPP) has announced a $6.75m investment into cybersecurity company, Tessian, as part of its $65m Series C funding round. We note that this represents the first new investment for SUPP since the appointment of Schroder Investment Management as manager on 13 December 2019, following the fallout from Woodford Patient Capital. Tessian […]

25 May 2021

BMO UK High Income delivers a near 11% outperformance of its benchmark

BMO UK High Income’s (BHI’s) year-end results to 31 March 2021 saw it register a total NAV return of 37.4%, which was well-ahead of its benchmark (26.7% from the FTSE all-share index). BHI’s ordinary shares delivered a total return of 40.8%.  Philip Webster, BHI’s manager, had this to say: “There were several legs to the outperformance; cutting some of […]

25 May 2021

QuotedData’s morning briefing 25 May 2021

In QuotedData’s morning briefing 25 May 2021 – Lowland (LWI), the UK equity income fund, reported its interim results to 31 March 2021, with a total NAV return of 33.0% coming in well ahead of its benchmark (the FTSE all-share index). LWI’s focus on the industrial and financial sectors, as well as its value bias, drove performance. […]

19 May 2021

JZ Capital Partners has a better second half thanks to US and European micro-cap portfolio

JZ Capital Partners (JZCP), which has investments in US and European micro-cap companies, as well as real estate properties in the US, announced annual results to 28 February 2021. Its NAV fell from $4.60 at 31 August 2020 (the interim period end) to $4.25, as at 28 February 2021. The NAV stood at $6.14, as at 29 February […]

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