Overview
Asian Energy Impact Trust (AEIT), formerly, ThomasLloyd Energy Impact Trust, is the first ever dedicated offering on the London Stock Exchange providing direct access to sustainable energy infrastructure in fast-growing and emerging economies in Asia. The company has an investment objective of delivering a triple return, comprising a financial return on investment, a measurable environmental return and a discernible social return by investing in a diversified portfolio of unlisted sustainable energy infrastructure assets in the areas of renewable power generation, transmission infrastructure, energy storage and sustainable fuel production in fast-growing and emerging economies in Asia.
It does this by investing in a diversified portfolio of unlisted sustainable energy infrastructure assets in the areas of renewable energy power generation, transmission infrastructure, energy storage and sustainable fuel production, with a geographic focus on fast-growing and emerging economies in Asia.
The company aims to generate additional value for its investors through focusing its investments on construction-ready or in-construction projects. The company only invests in such pre-operational assets where: (i) an offtake agreement has been entered into; (ii) the land on which the project is situated is identified or contractually secured where appropriate; and (iii) all relevant permits have been granted. Offtake agreements will typically benefit from long-term fixed-price power purchase agreements, capacity contracts or other similar revenue contracts with creditworthy (primarily investment grade) private and public sector buyers.
you can access the company’s website here
Research History
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07 Dec 2022 8 min read
QuotedData’s Investment Companies Roundup – December 2022
Investment Companies Monthly Roundup Kindly sponsored by abrdn December 2022 Monthly | Investment companies Winners and losers in November 2022 As discussed in this month’s economic and political roundup, lower US inflation triggered a fall in the US dollar and drove equity markets higher over November. The big surprise was the resurgence of Chinese markets […]
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06 Oct 2022 111 min read
QuotedData’s Economic and Political Monthly Roundup October 2022
Economic and Political Monthly Roundup Investment companies | Monthly | October 2022 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to […]
News
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14 Jun 2024 1 min read
QuotedData’s weekly news show 14th June 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: • abrdn New India (0:30) • Asia Energy Impact (7:23) This week’s interview was with Luciano Suana from Menhaden Capital Management – watch it again here.
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2 min read
Asian Energy Impact updates ahead of wind-up resolution later today
Asian Energy Impact (AEIT) has provided an update ahead of its General Meeting later today (Friday 14 June 2024) at which shareholders will be asked to vote on a resolution to wind-up the trust. RUMS project construction update Construction of the 200MW solar project that forms part of the Rewa Ultra Mega Solar Park (the […]
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14 May 2024 1 min read
Asian Energy Impact Trust heads towards wind up
Asian Energy Impact Trust (AEIT) announced its annual results for the 12 month period to December 2023. The company’s NAV total return was -3.6%, after falling 49.2% the previous year. Shares fell a total of 84% following a long period of suspended trading after issues with the release of the company’s annual report, being readmitted […]
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07 May 2024 1 min read
QuotedData’s morning briefing 7 May 2023 – APAX, SEIT, AEIT
In QuotedData’s morning briefing 7 May 2023: An affiliate of the Apax IX Fund in which Apax Global Alpha Limited (APAX) is a limited partner, announced the sale of its controlling interest in Healthium MedTech Ltd, a leading Indian medical devices player. This transaction values the look-through investment in Healthium at approximately €22.7m. This represents […]
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11 Apr 2024 1 min read
QuotedData’s morning briefing 11 April 2024 – ONWD, AEIT, GPE, SERE
In QuotedData’s morning briefing 11 April 2024: Onward Opportunities (ONWD) says its NAV total return from IPO on 30 March 2023 to end December 2023 was 11.3%. This compares to a 3.7% fall in the value of the UK AIM All Share index. The company trades at a premium and raised more money last month, […]
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13 Mar 2024 1 min read
QuotedData’s morning briefing 13 March 2024 – AEIT, UEM, SSIT, SUPR, CREI
In QuotedData’s morning briefing 13 March 2024: Asian Energy Impact Trust (AEIT) has released its NAV for the period ending 31 December 2023. It reported a NAV per share of 48.5 cents per share, down from 50.4 cents as of 30 September 2023. This is represents a total NAV of $85.0m. NAV movements are attributed […]
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26 Jan 2024 1 min read
QuotedData’s weekly news show 26th January 2024
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Asia Energy Impact (0:47) • JPMorgan Multi-Asset (5:10) • abrdn Private Equity Opportunities (8:26) This week’s interview was with Nick Montgomery and Bradley Biggins […]
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23 Jan 2024 8 min read
Asian Energy Impact Trust provides results updates
Asian Energy Impact Trust (AEIT) formerly ThomasLloyd Energy Impact Trust has announced both its audited results for the 12 months ended December 31 2022, and the six months ended 30 June 2023. The earlier results were delayed due to a drawn out dispute and then valuation uncertainty surrounding its investment in SolarArise Rewa and the […]
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22 Dec 2023 3 min read
QD – review of the year
This is the last of our weekly emails for 2023. We hope that you have been finding them useful. We will be publishing our annual roundup in January. Ahead of that however, I thought it might be worth pulling out a few of the year’s highs and lows. In January, China’s market shone as hopes […]
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20 Dec 2023 1 min read
QuotedData’s morning briefing 20 December 2023 – INPP, AEIP, API
In QuotedData’s morning briefing 20 December 2023: International Public Partnerships (INPP) announced a series of measures to optimise the company’s portfolio and reallocate capital to improve shareholder returns and address its discount. These include: a transaction involving the realisation of its four OFTO senior debt investments worth c.£200; the full repayment of its corporate debt […]
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13 Dec 2023 2 min read
QuotedData’s morning briefing 13 December 2023 – TENT, ORIT, SHRS, AEIP, WKP
In QuotedData’s morning briefing 13 December 2023: Triple Point Energy Transition (TENT) announced its interim results for the six months ended 30 September. The company’s NAV fell 4.3% while shares fell 22% as the discount widened to over 40% at last close. In light of the stubborn discount the company has announced that an orderly […]
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24 Nov 2023 8 min read
Asia Energy Impact pleads for vote against liquidation
Asian Energy Impact Trust (the former ThomasLloyd Energy Impact Trust) has a portfolio of 11 operating assets across India, the Philippines and Vietnam as well as two “pre-operational” assets, meaning in development or in construction, both in India. These two projects are the in-construction 200 MW DC solar PV project in Rewa Ultra Mega Solar […]
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01 Nov 2023 1 min read
QuotedData’s morning briefing 1 November 2023 – VEIL, BPCR, TLEI, THRL
In QuotedData’s morning briefing 1 November 2023: Vietnam Enterprise Investments Limited (VEIL) has announced that Mr. Gordon Lawson will step down as chair of the company and resign from the board, both effective 30 June 2024. Mr. Lawson has served as an independent non-executive director of VEIL since July 2014, and as chair since 2022. […]
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11 Oct 2023 5 min read
ThomasLloyd Energy Impact to go ahead with RUMS project
ThomasLloyd Energy Impact (TLEI) has announced that it plans to proceed with the controversial RUMS project which led to a suspension of the fund’s shares back in April following a raft of related issues. We have discussed these in detail over the last few months with our latest updates here, and here. QD Comment: “The […]
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28 Sep 2023 2 min read
ThomasLloyd Energy Impact picks Octopus as new manager
ThomasLloyd Energy Impact has selected Octopus Energy Generation as its transitional investment manager. Heads of terms have been agreed between the company’s AIFM, Adepa Asset Management S.A. and Octopus Renewables Limited for Octopus Energy Generation to be appointed. The board received proposals from, and conducted detailed discussions with, a number of experienced investment managers. Octopus Energy […]
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26 Sep 2023 1 min read
QuotedData’s morning briefing 26 September 2023
In QuotedData’s morning briefing 26 September 2023: ICG Longbow (LBOW) says it has appointed a receiver over the property securing its Affinity loan. This gives it more control over the sale of this property. Rent is still being collected, covering the interest owed to the fund. Elsewhere in the portfolio, the sale of a hotel […]
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15 Sep 2023 1 min read
QuotedData’s weekly news update 15th September 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • Ediston Property (0:30) • Supermarket Income REIT (5:28) • ThomasLloyd Energy Impact (8:51) • Hipgnosis Songs Fund (13:34) This week’s interview was with Dean […]
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1 min read
ThomasLloyd Energy Impact gives clarity on its next steps
ThomasLloyd Energy Impact’s (TLEI) board has announced that following the failed continuation vote, it will terminate its arrangement with its current investment manager on 31 October 2023. The board has begun the search for a transitional investment manager to replace the outgoing one, with the intention being that this will be the most effective way […]
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01 Sep 2023 3 min read
ThomasLloyd Energy Impact issues notice for second requisitioned EGM
ThomasLloyd Energy Impact (TLEI) has announced a date for the second EGM requisitioned by the manager (which holds around 15% of the trust’s shares), which is to be held on Monday 25 September 2023 at 10.00 am (at the offices of Stephenson Harwood LLP, 1 Finsbury Circus, London EC2M 7SH). We have been following this […]
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25 Aug 2023 1 min read
QuotedData’s weekly news update 25th August 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • US Solar (0:39) • Ruffer (4:03) • Thomas Lloyd Energy Impact (9:19) • Ediston Property (12:40) • Home REIT (14:06) This week’s interview was […]
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24 Aug 2023 2 min read
ThomasLloyd Energy Impact Trust fails continuation vote
Following ThomasLloyd Energy Impact Trust’s (TEIL) adjourned AGM, it has been announced that the company has failed its continuation resolution. Shareholders representing approximately 58% of the votes cast voted against the continuation resolution, in line with the board’s recommendation. Of the total votes cast by shareholders that are independent of the company’s investment manager, ThomasLloyd […]
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18 Aug 2023 1 min read
QuotedData’s weekly news update 18th August 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • Thomas Lloyd Energy Impact (0:57) • Riverstone Energy (18:40) • Bluefield Solar (22:25) • NextEnergy Solar (27:16) • Ediston Property (30:16) • Empiric Student […]
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17 Aug 2023 2 min read
Board hits back again in ThomasLloyd Energy Impact dispute
Another day, another announcement in the dispute between board and manager of ThomasLloyd Energy Impact. Here is the board’s riposte to yesterday’s statement by the manager. The board of the company (the “board”) notes the announcement on 16 August 2023 by ThomasLloyd Group Limited (“TLG”) and its subsidiary ThomasLloyd Global Asset Management (Americas) LLC (the […]
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16 Aug 2023 5 min read
Investment adviser hits back in ThomasLloyd Energy Impact dispute
The following rebuttal to yesterday’s announcement by the board of ThomasLloyd Energy Impact has been posted on the investment adviser’s website. The Investment Manager, together with ThomasLloyd Group Limited, refute the material inaccuracies and unsubstantiated allegations contained in the announcement made by the board of directors of ThomasLloyd Energy Impact Trust plc on 15 August […]
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15 Aug 2023 8 min read
Whistleblowing policy reveals further information on ThomasLloyd Energy Impact
A further update has been made regarding ThomasLloyd Energy Impact Trust (TLEI), as new information has come to light under the protections of the company’s whistleblowing policy. The update appears to reveal that ThomasLloyd Global Asset Management (the Investment Manager) was aware of material information relating to the RUMS Project by August 2022. According to […]
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14 Aug 2023 1 min read
Lines are drawn at ThomasLloyd
ThomasLloyd Energy Impact (TLEI) has confirmed that it received a notice from certain entities and funds which hold shares in TLEI and are affiliated with ThomasLloyd Global Asset Management to requisition a general meeting within an agreed timetable. This is in addition to the general meeting announcement made on 12 July. In practice this may […]
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11 Aug 2023 2 min read
ThomasLloyd Group refutes TLEI board allegations
ThomasLloyd Group Limited (TLG), the manager of ThomasLloyd Energy Impact Trust (TLEI) has issued a statement refuting a number of allegations made by TLEI’s board in regards to TLG’s recommendation that shareholders vote for continuation in the upcoming vote. In contrast, TLEI’s board is suggesting shareholders vote against continuation. TLG, through its affiliates, is the […]
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10 Aug 2023 1 min read
QuotedData’s morning briefing 10 August 2023 – DLN, TLEI, JARA
In QuotedData’s morning briefing 10 August 2023: Derwent London (DLN) says that it has signed new leases totalling £7.0m since 30 June 2023. Activity includes Moelis & Company pre-letting c.50,000 sq ft at 25 Baker Street for a term of 15 years, with a tenant break option at year 10 – the commercial element of […]
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04 Aug 2023 1 min read
QuotedData’s weekly news show 4th August 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • ThomasLloyd Energy Impact (0.38) • BioPharma Credit (6:44) Andrew McHattie spoke about Trixtax Big Box REIT & HydrogenOne (10:31). This week’s interview was with […]
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31 Jul 2023 7 min read
ThomasLloyd Energy Impact board calls for vote AGAINST continuation
On 11 July 2023, ThomasLloyd Energy Impact received a requisition on behlf of ThomasLloyd Cleantech Infrastructure Fund SICAV and ThomasLloyd SICAV – Energy Impact Credit Fund. It asks that the three resolutions which were not voted on at the AGM on 30 June 2023, including the continuation vote, be put before shareholders. The company is […]
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1 min read
QuotedData’s morning briefing 31 July 2023
In QuotedData’s morning briefing 31 July 2023: RM Infrastructure Income (RMII) says that, since its last update on 10 July 2023, the board has received an additional [merger] proposal under s110 of the Insolvency Act 1986 which is under consideration alongside one other proposal highlighted in the 10 July 2023 announcement, however at this time […]
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21 Jul 2023 5 min read
QD view – Where there’s smoke is there fire?
We have previously espoused the notion that the widespread discounts in the unlisted investment trust sectors are often unjustified. It is certainly true that many viable investment strategies are trading on ever wider discounts, if not their historically widest levels, with investors for example selling down their holdings out of fear of valuations cuts, or […]
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14 Jul 2023 1 min read
QuotedData’s weekly news show 14th July 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Hipgnosis Songs Fund (0:22) • ThomasLloyd Energy Impact (10:43) • US Solar Fund (5:12) This week’s interview was with David Smith from Henderson High […]
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13 Jul 2023 3 min read
ThomasLloyd manager call for continuation vote
ThomasLloyd Energy Impact has received a notice from certain entities and funds which hold shares in the company and are affiliated with ThomasLloyd Global Asset Management (Americas) LLC (the investment manager) requisitioning a general meeting of shareholders. The meeting is required to be convened within 21 days of the requisition and to be held on […]
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12 Jul 2023 2 min read
Shareholders of ThomasLloyd Energy Impact still in the dark
ThomasLloyd Energy Impact has provided a valuation update relating to the status of its Rewa Ultra Mega Solar Park Project which led to the suspension of the fund’s shares back in in April. We have written about the situation that has unfolded over the last few months here, and here. The update relates to the […]
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09 Jun 2023 1 min read
QuotedData’s weekly news show 9th June 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • ThomasLloyd Energy Impact (0:20) • The Investment Company (6:28) • Civitas Social Housing (8:20) This week’s interview was with James Thom from abrdn New […]
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06 Jun 2023 4 min read
ThomasLloyd Energy Impact Trust finally details the gravity of the Indian debacle
ThomasLloyd Energy Impact Trust (TLEI) has provided an update to its share suspension, and the status of its Rewa Ultra Mega Solar Park (RUMS) Project which led to said suspension. This was labelled as a notice of AGM and dividend declaration announcement, which may have meant that investors missed it. The RUMS project is held […]
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28 Apr 2023 1 min read
QuotedData’s weekly news show 28th April 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • NextEnergy Solar (0:35) • Round Hill Music (5:52) • ThomasLloyd Energy Impact (14:05) This week’s interview was with Craig Baker from Alliance Trust – watch it again […]
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24 Apr 2023 2 min read
ThomasLloyd Energy Impact suspends share trading
ThomasLloyd Energy Impact Trust (TLEI) has just announced a temporary suspension to the listing of its ordinary shares, halting its trading. While preparing its annual results the trust was made aware of material uncertainty in the fair value of its investment in SolarArise, a Delhi-based renewable energy platform . The issue relates to a 200MW […]
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16 Jan 2023 2 min read
QuotedData’s morning briefing 16 January 2023
In QuotedData’s morning briefing 16 January 2023: ThomasLloyd Energy Impact Trust (TLEI) has announced that it has successfully completed the acquisition of the remaining 57% economic interest in SolarArise India Projects Private Limited, taking its total ownership to 100%, having purchased the initial 43% in August 2022. The consideration of $38.5m was funded from existing […]
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09 Dec 2022 2 min read
ThomasLloyd Energy Impact announces senior appointments
ThomasLloyd Energy Impact Trust (TLEP/TLEI) has announced a number of senior appointments at its investment manager, ThomasLloyd Global Asset Management (Americas) LLC (a wholly-owned subsidiary of ThomasLloyd Group Ltd). As yet unnamed chief investment officer (CIO) TLEP’s manager has recently agreed the appointment of a CIO. We do not know who this person is yet, […]
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16 Nov 2022 3 min read
QuotedData’s morning briefing 16 November 2022
In QuotedData’s morning briefing 16 November 2022: ThomasLloyd Energy Impact (TLEI/TLEP) has announced the results of its placing that was announced on 8 November 2022. The ‘subsequent placing’ raised gross proceeds of US$35.3m and 34,277,228 new ordinary shares are being issued at a price of US$1.030 (£0.865 being the announced sterling equivalent price) per ordinary […]
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11 Nov 2022 1 min read
QuotedData’s weekly news show 11th November 2022
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Majedie • ThomasLloydEnergy Impact • Crystal Amber This week’s interview was with James de Uphaugh from Edinburgh Investment Trust – watch it again here.
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08 Nov 2022 1 min read
ThomasLloyd Energy Impact ready to expand
ThomasLloyd Energy Impact plans to issue shares at $1.03 each to help finance a number of projects in its pipeline of projects in India, the Philippines and Vietnam. The pipeline allows for a staggered roll-out starting from US$25m with up to US$380m in readily available assets ranging from 20 MW to 450 MW, the majority […]
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02 Nov 2022 2 min read
ThomasLloyd Energy Impact enters Vietnam
ThomasLloyd Energy Impact Trust is making its first investment in Vietnam, via a new $30m local partnership with Solar Electric Vietnam. The first deal in this new partnership is an agreement to acquire Viet Solar System, a privately-owned company which holds 6.12MWp of rooftop solar assets. $4.6m will be utilised to acquire Viet Solar System. […]
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07 Sep 2022 1 min read
QuotedData’s morning briefing 7 September 2022
In QuotedData’s morning briefing 7 September 2022: SDCL Energy Efficiency Income Trust (SEIT) says its issue was oversubscribed and has been expanded to £135m, accordingly the company will issue a total of 118,421,053 new ordinary shares at 114p of which 5,139,370 relate to the retail investor offer. It is expected that dealings in the new […]
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21 Jun 2022 1 min read
QuotedData’s morning briefing 21 June 2022
In QuotedData’s morning briefing 21 June 2022: ThomasLloyd Energy Impact (TLEI) is buying the remaining 57% of SolarArise India Projects for $38.5m. SolarArise is a Delhi based renewable energy platform which holds interests in seven solar power projects in India totalling 434 MW, of which 234 MW is operational and 200 MW is construction-ready. 100% […]
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13 Jun 2022 2 min read
QuotedData’s morning briefing 13 June 2022
In QuotedData’s morning briefing 13 June 2022: ThomasLloyd Energy Impact (TLEI) has released its interim results for the period ended 31 March 2022. During the period, it committed 40% of its IPO proceeds. Meanwhile, at 31 March 2022, TLEI had a derivative financial liability associated with the proposed acquisition of the 43% interest in SolarArise, […]
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19 May 2022 2 min read
QuotedData’s morning briefing 19 May 2022
In QuotedData’s morning briefing 19 May 2022: Interim results released today for Ecofin Global Utilities and Infrastructure (EGL) show that the trust is off to a great start in this financial year. For the six months ended 31 March 2022, it returned 14.1% in share price terms and 13.7% in NAV terms, both well-ahead of […]
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15 Mar 2022 1 min read
QuotedData’s morning briefing 15 March 2022
In QuotedData’s morning briefing 15 March 2022: ThomasLloyd Energy Impact (TLEI) says that it has received formal approval by the Government of India for the purchase of a 43% economic interest in SolarArise India Projects Private Limited. The deal encompasses seven solar power projects in India with a total capacity of 434 MW. Completion of […]
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20 Dec 2021 3 min read
QuotedData’s morning briefing 20 December 2021
In QuotedData’s morning briefing 20 December 2021: Tufton Oceanic Assets Limited (SHIP) has agreed to divest the Containership Swordfish for $19m. The realised net IRR will be 27% and realised net MOIC will be 2.4x. Swordfish was acquired in January 2018 for $10.25m as one of the company’s first two investments together with the Containership […]
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10 Dec 2021 1 min read
QuotedData’s weekly news show 10th December 2021
QuotedData’s weekly news show 10th December 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: Edinburgh Worldwide ThomasLloyd Energy Impact This week’s interview was with Nicholas Ware of Henderson Diversified Income – watch […]
Upcoming Events
Videos
In The Press
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18 Dec 2023 1 min read
Investment trust insider on 2023
Investment trust insider on 2023 – James Carthew: Dramatic 2023 leaves sector radically different The rationalisation of the sector continues. There has been a flurry of announcements over the past couple of weeks: Abrdn Diversified Income and Growth (ADIG) announced a managed wind down; Triple Point Energy Transition (TENT) declared it will begin an orderly […]
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05 Sep 2023 1 min read
Investment trust insider on the sector’s recent failures
Investment trust insider on the sector’s recent failures – James Carthew: Legal actions could follow trust management failings People often quote Warren Buffet’s ‘Only when the tide goes out do you discover who’s been swimming naked’ when looking at the problems besetting the investment company sector, but most of the worst examples of failures recently […]
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15 Aug 2023 1 min read
Whistleblower tells ThomasLloyd board that manager hid key info
BY JAMIE COLVIN, Citywire Investment Trust Insider, 15 August 2023: Update: The row between ThomasLloyd Energy Impact (TLEI) and its fund manager has escalated with the board of the renewables fund saying it has been told by a whistleblower that Thomas Lloyd Global Asset Management knew about problems in its ‘Rums’ solar project a year […]
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1 min read
Whistleblower claims TLEI manager withheld ‘material information’ from board
Alex Sebastian, Portfolio Adviser, 15 AUGUST 2023: A whistleblower has claimed the investment manager of the ThomasLloyd Energy Impact Trust withheld material information relating to the ‘RUMS’ solar project in India from its board. The project ran into trouble, leading to a sequence of events which caused the shares to be suspended. The specific claim […]
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1 min read
Whistleblower implies ThomasLloyd Energy Impact board was misled by manager
Valeria Martinez, Investment Week, 15 August 2023: TLEI’s shares have been suspended since 25 April due to uncertainty over the valuation of its ‘RUMS’ solar park construction project in India, in which 8% of the portfolio was invested. Image: TLEI’s shares have been suspended since 25 April due to uncertainty over the valuation of its […]
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02 Aug 2023 1 min read
Investment trust insider on corporate actions in abrdn’s funds
James Carthew: Need to cut charges lies behind Abrdn and trust changes The pace of change within the investment company sector appears to be accelerating. Just in the last few weeks we have seen Asset Value Investors win the mandate to run MIGO Opportunities (MIGO), though likely with the same management team as before, which […]
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03 May 2023 1 min read
Investment trust insider on Next Energy Solar
Investment trust insider on Next Energy Solar – James Carthew: NextEnergy’s recycling is a boost to renewables News from NextEnergy Solar (NESF) that the company plans to sell some of its assets and use the proceeds to reduce debt, fund its pipeline and pay for share buybacks could be a much-needed shot in the arm […]
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05 Apr 2023 1 min read
Infrastructure trusts ‘cheaper than they should be’
By Val Cipriani, Investors Chronicle, April 4, 2023: Social and economic infrastructure trusts continue to trade below their net asset value (NAV) despite an encouraging set of financial results, as worries over interest rates and valuations spooked investors. In the month to 31 March, share prices in the Association of Investment Companies’ infrastructure group dropped […]
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22 Nov 2022 1 min read
Investment trust insider on the electricity generator levy
Investment trust insider on the electricity generator levy – James Carthew: Government’s incompetence to renewables windfall tax a crying shame The incredible rise in power prices over the past year was undoubtedly good news for UK-focused renewable energy generators. Not all of the spike in the market price for power was captured by these companies […]
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20 Oct 2022 1 min read
When will renewable energy investment trust prices recover?
By Val Cipriani, Investors’ Chronicle, October 19, 2022: While equities and bonds have taken a battering, infrastructure has become an increasingly popular asset class in the past year, with a reputation for helping investors’ fortunes while traditional strategies were busy plummeting. Renewable energy in particular looked attractive in an environment where energy can be sold […]
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15 Jun 2022 1 min read
Wind farms, schools and broadband: Are infrastructure investment trusts the key to inflation-busting returns?
By MIKE SHEEN FOR THIS IS MONEY 14 June 2022 Infrastructure assets have long been regarded as a go-to means of achieving inflation-beating returns and, while prices soar elsewhere, the London market may currently offer investors bargain options… Renewable energy infrastructure trusts have raised more than £1billion since the start of the year, according to […]