In QuotedData’s morning briefing 19 May 2021 – Barings Emerging EMEA Opportunities (BEMO) first-half results period to 31 March 2021 saw it complete its transition from a Russia and hydrocarbon-focused Central and Eastern Europe fund to one including the Middle East and North Africa (MENA), and Sub-Saharan Africa regions. Russia is now BEMO’s number two […]
Acorn Income (AIF) has concluded its strategic review and, having received strong interest from a number of managers, has proposed to recommend the appointment of BMO Global Asset Management (BMO) as its manager, and the adoption of a new investment objective and policy. The strategic review had been announced on 21 April, and you can access […]
Cordiant Digital Infrastructure (CORD) is launching a placing of C shares to enable it to complete acquisitions from its pipeline of digital infrastructure investments, specifically certain transactions where due diligence is well advanced. ‘Advanced stage negotiations over potential transactions worth around £800m’ CORD released the following as key highlights: Advanced pipeline – CORD‘s pipeline of further high […]
In QuotedData’s morning briefing 17 May 2021 – Baillie Gifford European Growth’s (BGEU’s) interim results to 31 March 2021 brought a total NAV return of 8.7%, which it says compared with a total return of 12.2% for the FTSE Europe ex UK index, in sterling terms. BGEU#s shareholder return over the same period was 11.7%. […]
The boards of Amsterdam-based Prosus and Naspers have announced that Prosus intends to acquire up to 45.4% of shares in Naspers, its South Africa-based parent company. Prosus owns a 28.9% stake in Tencent, the Chinese software and gaming behemoth. Both Prosus and Naspers trade at a discounted value to their stake in Tencent, which according to market reports […]
In QuotedData’s morning briefing 12 May 2021 – Schroder Income Growth’s (SCF’s) reported interim results to 28 February 2021, with the NAV returning 16.1% (compared to 12.0% delivered by the FTSE all-share index.). SCF’s share price outperformed the NAV, with a total return of 19.6%. Law Debenture (LWDB) announced yesterday evening that further to the recent announcement regarding the issuance […]
RM Secured Direct Lending (RMDL) has been making good progress in directing all new lending to six core sectors. It is set for a name change to RM Social & Environmental Infrastructure Income, as outlined below. ‘All new lending being allocated to social & environmental infrastructure assets’ “RM Funds (RMDL’s manager) has made good progress in […]
Further to the announcement on 22 April 2021 (click here to read our coverage and take on this) that the board of Polar Capital Global Financials (PCFT) was considering an issue of equity, proposals for a placing, the board has this morning announced an open offer, offer for subscription and intermediaries offer for a target […]
Downing Strategic Micro-Cap (DSM) reported annual results to 28 February 2021, with the portfolio delivering a 26% increase in NAV and the shareholder return coming in at 22%. ‘We believe that the portfolio sits at a 43% discount to its intrinsic value’ DSM’s manager, Judith MacKenzie, had this to say: “I said back at the time of the Interim […]
BlackRock Smaller Companies (BRSC) reported annual results to 28 February 2021, with an NAV of 13.5% and return to shareholders of 14.4%. This represented an underperformance of the benchmark (Numis Smaller Companies plus AIM (excluding Investment Companies) Index) return of 23.1%. Returns shown are without the re-investment of dividends and with debt at par value. […]
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