In QuotedData’s other news 23 March 2020 – On 21 March 2020, the Financial Conduct Authority (FCA) requested that, in light of the unprecedented practical challenges for some companies and the audit profession arising from the Covid-19 pandemic, all listed companies who publish their preliminary results around this time, observe a moratorium on the publication of […]
Baillie Gifford’s Schiehallion Fund (MNTN) has released inaugural annual results, covering the period from 4 January 2019 to 31 January 2020. The growth capital sector company invests in late-stage private companies. It raised gross proceeds of US$477 million at launch on 27 March 2019. During the period from 27 March 2019 to 31 January 2020, the company’s […]
3i Infrastructure (3IN) has released a performance update for the period from 1 October 2019 to 18 March 2020. With a market capitalisation of about £1.95bn, 3IN is one of the largest investment trusts, alongside two other infrastructure sector companies, HICL (HICL) and International Public Partnerships (IPP). Financial update – £720m cash available Total available liquidity of over […]
India Capital Growth (IGC) released its annual results this morning, covering the period to 31 December 2019. It was another difficult year for the Indian stock market and for Indian small and mid-cap stocks in particular. The company’s NAV per share declined by (12.9%) while the discount widened from (14%) to (20.4%) over the year. […]
Electra Private Equity (ELTA) main stakes are in TGI Fridays, the restaurant chain, and Hotter Shoes. The company said the following in an update: “As with most businesses the current trading position and valuation of the portfolio companies of ELTA are being materially impacted by the countermeasures to the Covid-19 virus announced by the UK Government. […]
Starwood European Real Estate Finance (SWEF) invests in the property – debt sector. It said the following in an update statement this morning: “SWEF notes the recent negative price movements in the company’s shares and provides an update in light of the current disruption to markets as a result of COVID-19. The company currently has […]
The global sector company, Manchester and London (MNL), delivered a total NAV return of 3.4% over the six-month period to 31 January 2020, 4.2% ahead of its benchmark, the MSCI UK investable market index. MNL focuses on the technology, healthcare and consumer sectors. The company released the following breakdown: Total return of underlying sector holdings in local […]
Financials-sector company, EJF Investments (EJFI) has released an update statement: “As the impact of COVID-19 and the responses of various authorities permeate, we continue to closely monitor all relevant markets. We continue to believe that the company’s underlying assets remain robust and are able to withstand significant stress following various financial and regulatory improvements witnessed […]
Nippon Active Value (NAVF) launched last month 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 an update on its progress since launching. “It would be an understatement to say that market conditions have changed over the last month. […]
GCP Infrastructure Investments (GCP) has released the following update: “GCP seeks to provide investors with exposure to a diversified portfolio of UK infrastructure projects, which are by their nature long-term investments. The directors and the company’s manager, Gravis, believe such investments are well placed to weather the uncertainty driven by Covid-19 over the long term. Substantially […]
