Octopus Renewables (ORIT) launched in December 2019, raising a whopping £350m (click here to read more). The company is targeting investment in construction, construction-ready and operational renewable energy infrastructure assets across the UK, wider Europe and Australia. To this end, ORIT has this morning announced its first investment since its IPO, a construction-ready onshore wind farm in Ljungbyholm, Sweden. ORIT […]
In QuotedData’s other news 10 March 2020 – ICG-Longbow Senior Secured UK Property Debt Investments (LBOW) said that its £21.5m Pentavia loan has been repaid in full, following successful completion of the business plan and a sale of the underlying property securing the loan. The proceeds of the repayment will be applied to repay the £5.2m outstanding […]
The board of Global Sustainable Farmland Income announced that due to current market conditions, its IPO on the LSE has been delayed until further notice. As a result, the registrars have been instructed to return all money to investors who participated in the IPO through the offer for subscription. The board adds that once the […]
HgCapital (HGT) had an excellent 2019 with its NAV and shares increasing by 20.8% and 47.5% (both total return) over the year to 31 December 2019. HGT noted revenue and EBITDA growth of 24% and 35% across the top 20 investments (92% of the portfolio) over the last twelve months. £117m of cash was returned to HGT […]
The global emerging markets company, ScotGems (SGEM), which invests in small-caps, has published its annual accounts to 31 December 2019. It was a difficult year results-wise with SGEM’s shares falling by 23.2% and the NAV by 6.5%, over the year. This compares to a rise in the MSCI AC World Index of 19.3%, a rise in […]
Polar Capital Global Financials (PCFT) reported annual results to 30 November 2019. Over the year, the company delivered a total NAV return of +7.2%, while the shares increased by +8.9%. The main story is that PCFT is set to continue beyond its fixed life (31 May 2020), which we discussed in our recently published update note: Polar Capital Global […]
In QuotedData’s other news 9 March 2020 – Ongoing difficulties in the relationship between Pollen Street Secured Lending (PSSL) and its manager Pollen Street Capital (PSC) continue. PSC has been served notice of the termination of its management agreement (click here to read more). PSC has this morning released a statement (you can access it […]
The global sector company, Alliance Trust (ATST), has published annual results to 31 December 2019. Total NAV and shareholder returns were 23.1% and 24.3%, ahead of the benchmark’s (MSCI ACWI) 21.7% and the median global sector peer group’s 22.4%. ATST also noted that it increased its dividend for the 53rd consecutive year. On the corporate side, one […]
In QuotedData’s other news 6 March 2020 – Income-focused Murray International (MYI) reported annual results to 31 December 2019. The company’s total return NAV increased by 12.4%, which came in below a total return of 21.1% from the company’s benchmark (40% FTSE World UK Index and 60% FTSE World ex UK Index). MYI said that within […]
Pershing Square Holdings’s (PSH) manager Bill Ackman has released the following statement in reaction to volatility in markets: “During the past ten days, we have taken steps to protect the portfolio from downward market volatility. We have done so because we believe that efforts to contain the coronavirus are likely to have a substantial negative […]
