Overview
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Research History
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24 Jun 2024 1 min read
QuotedData’s Weekly News Show Special: Big Discounts
On Friday’s show, James Carthew covered this week’s top stories and hosted a panel discussion between Nick Greenwood from MIGO Opportunities, Peter Hewitt from Columbia Threadneedle and Ben Ritchie from abrdn. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. Additionally, if you would prefer […]
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14 Sep 2023 41 min read
QuotedData’s Economic and Political Monthly Roundup September 2023
Economic and Political Monthly Roundup Investment companies | Monthly | September 2023 August was a moderately volatile month for markets as the economic picture in China worsened. Developed markets held up better than emerging markets. Yields on US government debt rose. Oil prices edged up, but the big jump was in natural gas prices as […]
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06 Apr 2023 82 min read
QuotedData’s Economic and Political Monthly Roundup April 2023
Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 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 encourage […]
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16 Oct 2020 11 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research Guide The legal bit Stubborn resistance The end […]
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07 May 2020 8 min read
QuotedData’s Investment Companies Roundup – May 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over April: An update note […]
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4 min read
QuotedData’s Economic Roundup – May 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen 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 encourage you to buy or sell […]
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07 Feb 2020 7 min read
QuotedData’s Investment Companies Roundup – February 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide New research Here is a list of research we published over January: An annual overview note on Shires Income (SHRS) “Shires Income (SHRS) will […]
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11 Sep 2019 3 min read
QuotedData’s investment companies roundup – September 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite for risk was generally down in August, as […]
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3 min read
QuotedData’s economic roundup – September 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen 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 encourage you […]
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07 Jun 2019 5 min read
QuotedData’s economic roundup – June 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen 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 encourage you to buy or sell any of the […]
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08 May 2019 4 min read
QuotedData’s economic roundup – May 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen 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 encourage you to buy or sell any of the […]
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05 Apr 2019 4 min read
QuotedData’s economic roundup – April 2019
Kindly sponsored by Polar Capital Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen 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 encourage you to buy […]
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14 Sep 2018 2 min read
QuotedData’s Economic round up – September 2018
QuotedData’s Economic round up – September 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen 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 encourage you to buy or sell […]
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11 Jun 2018 1 min read
QuotedData’s investment companies roundup – June 2018
QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]
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11 May 2018 1 min read
QuotedData’s investment companies roundup – May 2018
QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]
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14 Sep 2017 2 min read
QuotedData’s economic round up – September 2017
QuotedData’s economic round up – September 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen 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 encourage you to […]
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27 Apr 2015 1 min read
The importance of income – where to find it?
Life used to be simpler. If you had a bit of spare cash or you wanted to save up for something you’d just stick some money in a bank or building society account. If you had a nest egg and wanted to invest it in something safe and live off the income, you’d maybe buy […]
News
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29 Aug 2024 2 min read
QuotedData’s morning briefing 29 August 2024 – CTPE, BBGI, GSF, NBDD
In QuotedData’s morning briefing 29 August 2024: CT Private Equity (CTPE) has published its interim results for the six months ended 30 June 2024, during which it provided NAV and share price total returns of 0.8% and -4.5% respectively. CTPE says that it benefited from strong realisations and associated income in the period of £52.3m, […]
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03 Apr 2024 2 min read
Steady year as discount narrows for CT Private Equity Trust
CT Private Equity Trust (CTPE) formerly BMO Private Equity Trust announced its annual results for the year ended 31 December 2023. The company saw a NAV total return of 2.8% while shares were up 17.6%, although the discount remains considerable, at 38% at the time of publishing. During the year the company made new investments, […]
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19 Dec 2023 2 min read
QuotedData’s morning briefing 19 December 2023 – AIRE, BYG, CTPE, GSF, JGC
In QuotedData’s morning briefing 19 December 2023: Alternative Income REIT (AIRE) has completed the acquisition of a Virgin Active leisure club in Streatham, in South-West London for £5.1m. The price reflects a net initial yield of 9.8% and a discount to replacement cost. The acquisition of the asset redeploys the majority of the net proceeds […]
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24 Nov 2023 1 min read
QuotedData’s morning briefing 24 November 2023 – CTPE, SEQI, TFIF
QuotedData’s morning briefing for 24 November 2023 CT Private Equity Trust (CTPE) released its quarterly update for the three months ended 30 September 2023. CTPE reported a NAV per share of 696.3p, reflecting a total return of 3.3% for the quarter, as well as a share price total return of 0.4%. A quarterly dividend of […]
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23 Aug 2023 1 min read
QuotedData’s morning briefing 23 August 2023 – RSE, CTPE, CYN, HOME
Riverstone Energy Limited (RSE) announced that it has entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt. CT Private Equity Trust (CTPE) announced its results for the half year ended 30 June 2023. Share price total return for […]
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12 Apr 2023 3 min read
QuotedData’s morning briefing 12 April 2023
Impax Environmental Markets (IEM) announced the appointment of Guy Walker as an independent non-executive director of the company with effect from 17 May 2023. Guy is currently senior independent director at JPMorgan European Growth & Income plc, having joined them in 2021. He was previously managing director UK & European Equities at UBS Asset Management […]
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28 Mar 2023 2 min read
CT Private Equity wraps up tough year
CT Private Equity Trust (formerly BMO Private Equity Trust) announced preliminary annual results for the year-end December 31 2022. NAV increased 14.8% for the period, while shares fell 8.9%. The trust contrasts that with a 0.4% return on the All-Share Index. The dividend yield was 6.1% based on the year-end share price. As we have […]
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14 Nov 2022 1 min read
QuotedData’s morning briefing 14 November 2022
In QuotedData’s morning briefing 14 November 2022: CT Private Equity Trust (CTPE) sold a portion of its investment in the Italian funeral services business of San Siro and related entities (HOFI S.p.A.) on 10 November 2022. CTPE initially invested in San Siro in January 2019 in a deal led by Augens Capital. This investment has […]
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26 Aug 2022 3 min read
QuotedData’s morning briefing 26 August 2022
In QuotedData’s morning briefing 26 August 2022: Greencoat UK Wind (UKW) has completed the acquisition of a net 12.5% stake in Hornsea 1 offshore wind farm, as previously announced on 16 May 2022 (click here to read our coverage of the announcement). JZ Capital Partners (JZCP) has announced that, subject to the satisfaction of certain […]
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01 Jul 2022 2 min read
QuotedData’s morning briefing 1 July 2022
In QuotedData’s morning briefing 1 July 2022: BMO Private Equity (BPET) has changed its name to CT Private Equity, BMO Commercial Property has changed its name to Balanced Commercial Property, BMO Real Estate Investments has changed its name to CT Property Trust, and BMO Managed Portfolio has changed its name to CT Global Managed Portfolio. […]
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08 Apr 2022 2 min read
QuotedData’s morning briefing 8 April 2022
In QuotedData’s morning briefing 8 April 2022: HydrogenOne Capital Growth (HGEN) has announced that its placing, which was previously announced on 4 April 2022, has raised gross proceeds of £21.5 million via the issue of 21,469,999 New Ordinary Shares at a price of 100 pence per New Ordinary Share. The Placing was well supported by new […]
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25 Mar 2022 8 min read
A very strong performance from BMO Private Equity
BMO Private Equity Trust (BPET) has announced its annual results for the year ended 31 December 2021. During the year, BPET provided an NAV total return of 35.8%, which it says compares against a total return from the All-Share Index for 2021 of 18.3 per cent. During the year, BPET’s share price discount to NAV […]
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21 Jan 2022 2 min read
QD view – private companies dominate in 2021
It might be too late to start an email with ‘Happy New Year’ now but coming to your inboxes early next week will be our annual review of the investment trust world in 2021. We won’t give you too many spoilers, but it would be rude not to share a few snippets early. It was […]
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13 Jan 2022 1 min read
QuotedData’s morning briefing 13 January 2022
In QuotedData’s morning briefing 13 January 2022: Polar Capital Technology (PCT) is cutting its management fee from 1 May 2022. The tiering of the base fee has been simplified and lower rates agreed. The impact of this change is to reduce the blended ongoing management fee at current asset levels from 0.81% to 0.75%. The […]
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31 Aug 2021 1 min read
QuotedData’s morning briefing 31 August 2021
In QuotedData’s morning briefing 31 August 2021: The Renewables Infrastructure Group (TRIG) has announced a conditional offer for subscription via PrimaryBid of new ordinary shares of nil par value each. They will be issued at a price of 124 pence, being a discount of 3.6% to the mid-market closing share price of 128.6p on 27 August and a discount […]
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26 Mar 2021 6 min read
BMO Private Equity Trust came good in the fourth quarter
BMO Private Equity Trust (BPET) has announced its annual results for the year ended 31 December 2020, which show that its performance came good in the fourth quarter of the year. During 2020, BPET provided an NAV total return of 22.7% for the Ordinary Shares, which was way ahead of its share price total return […]
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24 Mar 2021 2 min read
QuotedData’s morning briefing 24 March 2021
In QuotedData’s morning briefing 24 March 2021 – BMO Private Equity (BPET) announced that the software company, Dotmatics, in which it has a holding, has entered an agreement for its sale to US-based company Insightful Science. The transaction is expected to complete early in Q2. The investment is led by Scotland based growth equity investor […]
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21 Aug 2020 1 min read
QuotedData’s weekly news show 21 August 2020
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: Princess Private Equity’s dividend cut, Hg Capital’s recent deal-making (including the largest ever software buyout) and comments from BMO Private Equity’s recent results. We also have a comment on Secured Income […]
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4 min read
BMO Private Equity say their initial projections may prove pessimistic
Europe-focused BMO Private Equity (BPET) released interim results covering the period to 30 June 2020. The total NAV return for the period amounted to (4.7%), while the shares returned (13.6%), on a total return basis. Reflecting on the impact of the pandemic on the sector, BPET’s manager, Hamish Mair, noted that “private Equity investment managers have […]
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17 Jul 2020 2 min read
QuotedData’s morning briefing 17 July 2020
In QuotedData’s morning briefing 17 July 2020: BMO Private Equity Trust has announced the appointment of Nplus1 Singer Advisory LLP as its sole corporate broker, with immediate effect. Tetragon Financial Group (TFG) will be hosting a conference call for investors on Friday, 31 July 2020 at 15:00 BST / 10:00 EDST. The call is to […]
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15 Apr 2020 4 min read
BMO Private Equity says covid-19 may bring re-trading to proposed deal prices
Europe-focused BMO Private Equity (BPET) posted its year-end results this morning, covering the 12-month period to end-December 2019. An NAV total return of +10.6% was delivered, while the discount narrowed to (8.8%) on the back of a total market return of +23.6%. New investment highlights Eight new commitments to funds were made during the year, […]
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22 Nov 2019 1 min read
QuotedData’s other news 22 November 2019
In QuotedData’s other news 22 November 2019 – BMO Private Equity (BPET) announced results for the third quarter period to 30 September 2019. The company delivered an NAV total return of 1.7 per cent (share price total return was 3.4%) while outstanding undrawn commitments were £124.1m with around £17.5m of these to funds where the investment […]
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24 Jun 2019 1 min read
BMO Private Equity Trust secures new credit facility
BMO Private Equity Trust (BPET) has announced that it has entered into a new five-year unsecured credit facility agreement with The Royal Bank of Scotland International Limited. The new facility is comprised of a €25 million term loan and a £75 million multi-currency revolving credit facility. It replaces BPET’s previous arrangements with Royal Bank of […]
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22 Mar 2019 1 min read
Europe-focused BMO Private Equity optimistic on 2019
Europe-focused BMO Private Equity optimistic on 2019 – BMO Private Equity (BPET) saw its NAV grow by 12.4% on a total return basis in the year to December 31, 2018. During the year the company made new investments either through funds or as co-investments, totalling £71.8m. Realisations and associated income totalled £82.7m. Over 2018, BPET re-branded […]
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23 Mar 2018 2 min read
Profits growth and falling discount mean a good year for F&C Private Equity shareholders
Profits growth and falling discount mean a good year for F&C Private Equity shareholders – in its final report for the year to 31st December 2017, F&C Private Equity (FPEO), the chairman commented that the portfolio continued to make progress during the year. Profits growth and falling discount Over the year, the NAV returned 5.6% (on a total […]
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19 Jan 2018 1 min read
Investment Trust Insider trusts that didn’t escape me last year
Investment Trust Insider – trusts that didn’t escape me last year. As 2018 gets underway, I thought that it might be worth revisiting some of the funds that I wrote about in 2017. At the start of the year I hailed the changes that Standard Life Private Equity (SLPE) was implementing to broaden its investment proposition and noted the increasing […]
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26 Aug 2016 3 min read
F&C Private Equity posts 8% return for H1
F&C Private Equity says that, as at 30 June 2016 the Company’s net asset value was GBP232.2 million giving a NAV per share of 314.08p. Taking into account last year’s final dividend of 5.83p per share paid on 31 May 2016 the NAV total return for the first half of the year was 8.2 per […]
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29 Mar 2016 4 min read
F&C Private Equity benefits from record realisations
F&C Private Equity reports that its net assets at the year-end were £216m giving a fully diluted net asset value (‘NAV’) per Ordinary Share of 295.74p. Taking into account dividends paid during the year which total 11.03p, the NAV total return was 10.7 per cent. This compares to a total return from the FTSE-All-Share Index […]
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08 Jan 2016 2 min read
Miton Global Opportunities underperforms in first half
Miton Global Opportunities, formerly Miton Worldwide Growth Investment Trust PLC, has announced its interim results for the six-months ended 31 October 2015. During the period, the company’s NAV total return was -4.4% and its share price total return was -2.8%. These compare against a return of -3.6% on the MSCI world and a 1.3% return […]
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23 Sep 2015 2 min read
Cayenne Trust CULS conversion facilitates a speedier return of capital
The Cayenne Trust has released its interim results for the six-months ended 31 July 2015 during which its NAV per share increased by 1.6% (4.2% on a fully diluted basis). In comparison, the FTSE All Share Equity Investment Instruments Index increased by 3.39% during the period. A dividend of 3.8p was paid on 21st August. […]
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31 Aug 2015 2 min read
Profitable sales offset by fx weakness for F&C Private Equity
F&C Private Equity’s NAV total return for the six months ended 30 June 2015 was 2.7% and its share price total return was 1.6%. The interim dividend is 5.58p per Ordinary Share. Currency took 2.3% off the NAV. The largest realisation, of £8.6m, was the sale of the co-investment in SMD Hydrovision, to Chinese buyer ZhouZou CSR. […]
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24 Apr 2015 1 min read
Cayenne Trust says considering proposals for future of the company
The Cayenne Trust’s results for the year ended 31 January 2015 have been published. The company’s net asset value total return and share price total return were both 12.1% for the period. This compares to an 11.6% return on the FTSE All-Share Equity Investments Index. The dividend has been increased from 1.2p to 3.8p. The […]
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27 Mar 2015 2 min read
F&C Private Equity results benefit from exit bonanza
F&C Private Equity has published results for the year ended 31 December 2014. The total return to shareholders over this period was 10.3%. This was made up of a net asset value total return of 7.3% and a narrowing of the fund’s discount. They are paying dividends totalling 10.84p for the year which puts the […]
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29 Aug 2014 1 min read
F&C Private equity sees discount narrow in first half
FPEO : F&C Private Equity sees discount narrow in first half F&C Private Equity‘s recent interims report a share price total return for the first of 2014 of 9.1% whilst NAV total return was -0.3% (including an adverse currency movement) reflecting a narrowing of the discount during the period. Co-investments were increased to 17.5 per cent […]
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01 Jul 2014 1 min read
F&C Private Equity : FPEO – debt facility
F&C Private Equity will replace its zero dividend preference share issue with a new debt facility. The ZDPs mature in December this year and the Board of F&C Private Equity has concluded that the most cost effective and flexible way of funding this and maintaining some modest level of gearing within the fund is to […]
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28 Mar 2014 1 min read
F&C Private Equity : FPEO – annual results
F&C Private Equity delivered a 9.9% return on net asset value over the course of 2013 as its NAV rose to 269.1p. Realisations from the portfolio totalled £42.5m and F&C Private Equity reinvested £39.6m of this. FPEO is thinking about how to refinance its zero dividend preference shares which mature this year and might do […]
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In The Press
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24 Jul 2023 1 min read
Why I’m sticking some start-ups in my pension
David Brenchley, The Times, July 22 2023: Cheap private equity investment trusts can be lucrative pension investments – but you need to pick the best and back them for the long-term. Private equity funds have been in the spotlight since the chancellor, Jeremy Hunt, got nine of Britain’s biggest pension firms to agree to pump […]
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17 Mar 2023 1 min read
Look beyond the dividend heroes
Andrew Courtney, for Investment Week, 15 March 2023: The dividend hero and next generation hero lists published by the AIC are a great marketing tool for the investment companies industry and tend to generate a considerable amount of press attention, despite being a relatively simplistic yardstick (funds that have grown their dividend every year for […]
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08 Aug 2022 1 min read
Bargain Hunter: 13 eye-catching investment trust discounts
by Kyle Caldwell from interactive investor, 8th August 2022: Investment trust bargains are back, with the average discount moving from a lowly 2.2% at the start of this year to 7.4% today. Prior to the strong month for stock markets in July, that average discount figure was even wider, hitting a 12-month peak of above […]
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03 Nov 2020 2 min read
Investment trust insider on private equity
Investment trust insider on private equity – James Carthew: private equity trusts are just way too cheap I have been saying for a while that discounts on private equity trusts are too wide. When I last wrote about this in May, confidence in the sector had been hit by the pandemic. Listed share prices were already […]