Overview
Dunedin Enterprise specialises in the provision of private equity finance. Private equity is medium to long term finance provided in return for an equity stake in established, potentially high growth private companies.
Fundamentals
Price
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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10 Sep 2020 6 min read
QuotedData’s Investment Companies Roundup – September 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over August: Aberdeen New Dawn – COVID positive “In […]
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10 Mar 2020 7 min read
QuotedData’s Investment Companies Roundup – March 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 New research Here is a list of research we published over February: An initiation note on Montanaro UK Smaller Companies Trust (MTU) […]
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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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22 Mar 2019 1 min read
QuotedData’s investment companies roundup – March 2019
QuotedData’s investment companies roundup – March 2019 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 February 2019. Kindly sponsored by Baillie Gifford. JPMorgan Chinese, Fidelity China and Pacific Horizon benefited from a booming Chinese market in […]
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13 Nov 2018 1 min read
QuotedData’s investment companies roundup – November 2018
QuotedData’s investment companies roundup – November 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 October 2018. Kindly sponsored by Baillie Gifford. Winners and losers in October In what was generally a miserable month for equity markets, Brazil shone […]
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14 Sep 2018 1 min read
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 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 August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 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 December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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10 Nov 2017 1 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – 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 October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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19 Oct 2017 1 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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12 Oct 2017 1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – 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 September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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14 Sep 2017 1 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – 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 August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
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10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
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 February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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15 Mar 2017 1 min read
QuotedData investment companies roundup – March 2017
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 February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
News
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20 Dec 2024 1 min read
QuotedData’s morning briefing 20 December 2024 – DNE
In QuotedData’s morning briefing 20 December 2024: Dunedin Enterprise (DNE) has published an updated timetable for the suspension of its shares. DNE says that, if shareholders approve of the Board’s recommended proposals to place DNE into members voluntary liquidation and appoint its proposed liquidators (Gareth Rutt Morris and Jonathan Dunn – both licensed insolvency practitioners […]
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05 Dec 2024 2 min read
QuotedData’s morning briefing 5 December 2024 – FGT, DNE, GPM, CREI, GR1T
In QuotedData’s morning briefing 5 December 2024: Following yesterday’s announcement of a potential continuation vote for Finsbury Growth and Income (FGT), portfolio manager Nick Train spent £223k on 25,000 shares in the company, taking his holding to 5,485,043 shares or 3.5% of the trust. Dunedin Enterprise (DNE), which has been in managed wind down for […]
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02 Dec 2024 4 min read
QuotedData’s morning briefing 2 December 2024 – SBSI, GSEO/ENRG, TRY, SBO, FP., BERI, DNE, IGET, ARR/ATS, INPP
Schroder BSC Social Impact (SBSI) has adopted the “Sustainability Impact” label and will continue to be considered an “impact fund” under the FCA’s Sustainability Disclosure Requirements and investment labelling regime. VH Global Sustainable Energy Opportunities has changed its name to VH Global Energy Infrastructure with effect from today, and its ticker will be changed to […]
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05 Aug 2024 2 min read
QuotedData’s morning briefing 5 August 2024 – DNE, SSIT, THRG, TFIF, MMIT
In QuotedData’s morning briefing 5 August 2024: Dunedin Enterprise (DNE) has announced that Dunedin Buyout Fund III LP has entered into a legally binding agreement for the realisation of its investment in EV, a provider of high-performance video cameras and quantitative visual analytics to the global energy industry. The investment in EV was valued, net […]
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22 Mar 2024 3 min read
Dunedin Enterprise – Chink of light at the end of the tunnel for shareholders
Dunedin Enterprise (DNE) has announced its annual results for the year ended 31 December 2023, during which it provided NAV and share price total returns of 3.6% and 8.6% respectively, and finished the year trading at a share price discount to NAV of 18.3%. In May 2016, shareholders approved a managed wind down of the […]
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21 Nov 2023 1 min read
Dunedin Enterprise may now wind up
Dunedin Enterprise says that regulatory approval for its sale of Premier Hytemp (a manufacturer and supplier of engineered metal solutions held via the trust’s interest in Dunedin Buyout Fund II LP) has been secured. As at 30 September 2023 the investment was valued at £4.9m and the proceeds received from the transaction will match that. […]
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02 May 2023 2 min read
QuotedData’s morning briefing 02 May 2023
Princess Private Equity Holding (PEY) provided a monthly update with NAV growing 0.3%. It also confirmed the first interim dividend payment of EUR 0.365 per share for FY 2023, which is in line with previous guidance to distribute 5% of opening net asset value for each financial year, via semi-annual payments. The first interim dividend […]
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24 Mar 2023 3 min read
Dunedin Enterprise – the end is still not nigh!
Dunedin Enterprise (DNE) has announced its results for the year ended 31 December 2022, the key financial highlights of which are as follows: Share price total return of 18.5% in the year to 31 December 2022 Net asset value total return of 21.7% in the year to 31 December 2022 Realisations of £36.9m in the […]
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01 Nov 2022 3 min read
QuotedData’s morning briefing 1 November 2022
In QuotedData’s morning briefing 1 November 2022: 3i Infrastructure (3IN) has completed its €394m investment in ground support equipment rental company TCR, buying the stake owned by funds managed by DWS. 3i Infrastructure now has about a 96% stake in the business, the balance is held by TCR’s management. Momentum Multi-Asset Value (MAVT) has renewed […]
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21 Oct 2022 2 min read
QuotedData’s morning briefing 21 October 2022
In QuotedData’s morning briefing 21 October 2022: Dunedin Enterprise (DNE) has announced details of a tender offer that will return up to £41m to shareholders. This follows DNE realising its investment in Incremental and Dunedin Buyout Fund II LP completing the realisation of its investment in RED. Shareholders who successfully tender shares will receive the price […]
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22 Mar 2022 2 min read
QuotedData’s morning briefing 22 March 2022
In QuotedData’s morning briefing 22 March 2022: Schroder British Opportunities (SBO) – managed by Tim Creed and Rory Bateman (pictured) – says that it thinks its portfolio of UK companies with strong growth prospects is a differentiated offer with appeal to all investors who believe in the UK recovery story. It therefore intends to increase […]
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18 Mar 2022 3 min read
Dunedin Enterprise makes progress on wind-up
Dunedin Enterprise (DNE) has announced its annual results for the year ended 31 December 2021. The trust, which is in wind-up, had realisations of £38.5m during the year and returned £26m via a tender offer in November 2021 (27.4% of the issued share capital at a 1.2% discount to the net asset value). Its share […]
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15 Dec 2021 2 min read
QuotedData’s morning briefing 15 December 2021
In QuotedData’s morning briefing 15 December 2021: Dunedin Enterprise (DNE) has announced regulatory approval has now been granted for the partial realisation of GPS, which is held via DNE’s interest in Dunedin Buyout Fund III LP. Proceeds now received from the transaction amount to £18.2m, consisting of capital of £15.8m and income of £2.4m. In […]
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16 Nov 2021 3 min read
QuotedData’s morning briefing 16 November 2021
In QuotedData’s morning briefing 16 November 2021: International Public Partnerships (INPP) says that the consortium that it is a member of (alongside Amber Infrastructure Group and Transmission Investment) now owns the 400MW Rampion offshore wind farm transmission link. The offshore wind farm is located approximately 13km off the Sussex coast and consists of 116 x […]
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01 Nov 2021 3 min read
QuotedData’s morning briefing 1 November 2021
In QuotedData’s morning briefing 1 November 2021: Murray Income (MUT) has entered into a three-year multi-currency revolving credit facility of £50m with The Bank of Nova Scotia, London Branch, which replaces the Company’s £20m facility with Scotiabank Europe PLC. Under its terms, MUT has the option to increase the level of the commitment to £70m […]
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14 Oct 2021 2 min read
QuotedData’s morning briefing 14 October 2021
In QuotedData’s morning briefing 14 October 2021: Downing Renewables & Infrastructure Trust (DORE) raised £14.87m from its placing and the PrimaryBid offer, almost all of which came from the placing. The investment manager is also currently exploring options to optimise the existing capital structure, including the inception of a revolving credit facility. At 30 September […]
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02 Aug 2021 1 min read
QuotedData’s morning briefing 2 August 2021
In QuotedData’s morning briefing 2 August 2021: Cordiant Digital Infrastructure (CORD) has decided not to invest in one of the European data centre platforms previously identified in its pipeline due to pricing considerations. It said, in certain instances, processes have been slowed as a result of unforeseen developments on the vendor side. The pipeline continues to evolve and […]
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08 Jul 2021 1 min read
QuotedData’s morning briefing 8 July 2021
In QuotedData’s morning briefing 8 July 2021: Dunedin Enterprise (DNE) has entered an agreement to realise its investment in UPOL, the manufacturer of automotive refinish products including body fillers, coatings, aerosols, polishing compounds and consumables. The transaction is subject to regulatory approval and is expected to complete in the second half of 2021. The investment was valued […]
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15 Mar 2021 2 min read
QuotedData’s morning briefing 15 March 2021
In QuotedData’s morning briefing 15 March 2021 – International Biotechnology Trust’s (IBT’s) board and its manager, SV Health Investors, announced that Carl Harald Janson has decided to step back from his role as lead manager after seven at the helm. Lead responsibility for portfolio management will transition to Ailsa Craig and Marek Poszepczynski and the board […]
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21 Sep 2020 2 min read
QuotedData’s morning briefing 21 September 2020
In QuotedData’s morning briefing 21 September 2020 – Crystal Amber (CRS) reported annual results to 30 June 2020. The UK smaller companies fund’s NAV fell by (55.4%) in total return terms. It was a better second half of the year, with CRS’ NAV increasing by 11.2% over the year-to-date to 30 June 2020. The main […]
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18 Aug 2020 1 min read
QuotedData’s morning briefing 18 August 2020
In QuotedData’s morning briefing 18 August 2020: Acorn Income declared a third interim dividend of 5.75p – in line with previous quarters – but its revenue reserves are running down as it uses these to top up income lost to dividend cuts by companies in its portfolio. Revenue reserves at 30 June were 14.6p, having been […]
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25 Mar 2020 1 min read
QuotedData’s morning briefing 25 March 2020
In QuotedData’s morning briefing 25 March 2020: The US reached an agreement to provide a $2tn stimulus package Meanwhile, India became the latest country to send its population into lock down Starwood European Real Estate Finance (SWEF) said that it, in line with the FCA’s guidance, it would delay publishing its annual results RM Secured […]
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24 Mar 2020 1 min read
QuotedData’s morning briefing 24 March 2020
In QuotedData’s morning briefing 24 March 2020: UK goes into lock down, following a number of other European countries BlackRock Greater European will not hold a tender offer in May 2020, reasoning that the discount was under control ahead of the recent volatility Jupiter US Smaller Companies was beating its benchmark at 31 January 2020 […]
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18 Mar 2019 2 min read
Pyroguard sale boosts Dunedin Enterprise return in 2018
Pyroguard sale boosts Dunedin Enterprise return in 2018 – the UK-focused private equity investment trust Dunedin Enterprise (DNE) made an NAV return of 6.4% in the year to 31 December 2018, largely on the back of valuation uplifts and realisations. Shareholders fared better with a total return of 9.4%. This was boosted by a return […]
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02 Oct 2018 2 min read
Dunedin Enterprise sells Pyroguard, plans cash return
Dunedin Enterprise sells Pyroguard, plans cash return – Dunedin Enterprise Investment Trust has announced the successful realisation of Pyroguard, the specialist fire resistant glass manufacturer. Total proceeds from the sale amounted to GBP9.3m representing an uplift of GBP0.4m over the valuation of GBP8.9m at 31 March 2018. The original cost of the investment was GBP3.8m and over its […]
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21 Mar 2018 2 min read
Dunedin Enterprise shareholders made 74% in 2017
Dunedin Enterprise shareholders made 74% in 2017 – [shame it is winding up!] Dunedin Enterprise made an NAV return of 23.9% over 2017. Shareholders did even better, with a total return to shareholders of 74.8%. This was boosted by a return of capital to shareholders of 100p per share and the payment of dividends of 31p. The net asset value decreased […]
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22 Dec 2017 1 min read
Dunedin Enterprise gets cash for Innova
Dunedin Enterprise gets cash for Innova – Dunedin Enterprise Investment Trust has announced the realisation of its investment in Innova/5 LP, the private equity fund based in Warsaw which makes investments in Central Eastern Europe. This follows on from the recent realisations of Kee Safety, Alpha FMC and Blackrock PM. The holding in Innova was […]
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18 Oct 2017 1 min read
Dunedin Enterprise sells Kee Safety
Dunedin Enterprise sells Kee Safety – Dunedin Enterprise Investment Trust says that a contract has been signed, subject to completion, to sell its investment in Kee Safety, the market-leading provider of collective fall protection, safety systems and solutions. Completion of the transaction is due on 31 October 2017. Capital and accrued interest in Kee Safety […]
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09 Oct 2017 1 min read
Dunedin Enterprise sells Alpha Financial Markets Consulting
Dunedin Enterprise sells Alpha Financial Markets Consulting – Dunedin Enterprise Investment Trust has announced that Alpha has today announced a conditional placing and proposed admission to trading on the LSE’s AIM market on 11 October 2017. On Admission, Dunedin Enterprise, via its interest in Dunedin Buyout Fund III LP, will sell 100% of its holding in […]
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07 Aug 2017 1 min read
Dunedin Enterprise benefits from Blackrock sale
Dunedin Enterprise benefits from Blackrock sale – Dunedin Enterprise Investment Trust PLC has announced the successful realisation of its investment in Blackrock PM, the provider of independent expert witnesses to dispute and litigation resolution in the construction sector. Capital and accrued interest in Blackrock was valued at GBP10.4m as at 31 March 2017, the last […]
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29 Jun 2017 5 min read
Miton Global discount narrows on strong performance
For the year ended 30 April 2017, Miton Global Opportunities net asset value per share rose to 248.7p (2016: 182.4p), a total return of 36.3% (2016: 0.4%). The share price ended on an all-time high of 242.3p (2016: 164.3p), a total return of 47.5%. The fund has outperformed a number of other comparators such as the […]
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20 Mar 2017 4 min read
Dunedin Enterprise proposes a B share scheme
Dunedin Enterprise has announced its annual results for the year ended 31 December 2016. During the period, the company provided an NAV total return of 2.7% and a share price total return of 0.0%. The company says that, in comparison, the return on the FTSE Small Cap (ex Investment Companies) Index returned 12.5%. The company […]
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08 Mar 2017 1 min read
Dunedin Enterprise invests in Forensic Risk Alliance
Dunedin Enterprise Investment Trust has, through the Dunedin Buyout Fund III, invested GBP5.9 million in Forensic Risk Alliance. Dunedin Enterprise will have an interest of 6.5% in the company. Forensic Risk Alliance is an international consultancy business that provides forensic accounting, data analytics and e-discovery expertise to help businesses manage risk in an increasingly regulated global […]
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03 Feb 2017 1 min read
Dunedin Enterprise sells Steeper
Dunedin Enterprise Investment Trust PLC has realised its investment in Steeper Holdings Limited the UK’s leading supplier of rehabilitation services including prosthetic, orthotic and electronic assistive devices and services. Capital and accrued interest in Steeper was valued at GBP3.9m as at 30 September 2016, the last published valuation. Total initial proceeds from the sale amounted […]
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01 Jun 2016 1 min read
Dunedin Enterprise invests in Kingsbridge
Dunedin Enterprise Investment Trust has, through the Dunedin Buyout Fund III, invested GBP4.2 million in Kingsbridge Risk Solutions. Dunedin Enterprise will have an interest of 13.0% in Kingsbridge. Founded by the current CEO Steve Wynne in 2001, Kingsbridge is the UK’s market-leading provider of insurance services that are tailored to meet the needs of contractors, freelancers […]
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07 Apr 2016 1 min read
Dunedin Enterprise releases proposals for managed wind down
Further to its announcement on 18 March of the board’s intention to put proposals to shareholders for a manage wind-down of the trust, Dunedin Enterprise has now announced its proposals. Is summary, a general meeting is being convened for 11 March for the purpose of putting proposals to shareholders to change the trust’s investment policy […]
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18 Mar 2016 2 min read
Dunedin to pay 16p interim dividend following CitySprint realisation
Dunedin Enterprise has announces its annual results for the year ended 31 December 2015. During the year the companies NAV total return was flat whilst it share price fell 7.5%; both underperforming the FTSE Small Cap Ex-Investment Trusts Index, which returned 13.0%. At the end of February, the trust announced that, following consultation with the […]
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16 Mar 2016 1 min read
London’s Natural Resources Funds Saw Gains In February
London-listed funds with exposure to commodities and natural resources saw their fortunes improve in February, according to analysis by research firm QuotedData. See more at: http://www.morningstar.co.uk/uk/news/AN_1458113487917777800/londons-natural-resources-funds-saw-gains-in-february—quoteddata.aspx#sthash.x209LJ8E.dpuf
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22 Feb 2016 1 min read
Dunedin Enterprise sells CitySprint
Dunedin Enterprise Investment Trust says its largest investment, CitySprint, has been realised with a portion of the proceeds being rolled over into a new company (“New CitySprint”). The realisation of CitySprint values the company at £175m and generates proceeds of £26.1m for Dunedin Enterprise. This compares to a valuation at 30 September 2015 of £23.2m. […]
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09 Feb 2016 1 min read
Dunedin Enterprise invests in Alpha Financial Markets
Dunedin Enterprise Investment Trust has, through the Dunedin Buyout Fund III, committed £8.1m to an investment in Alpha Financial Markets. Dunedin Enterprise has an interest of 11.6% in Alpha. Alpha is the leading global asset and wealth management consulting firm. Founded in London in 2003, Alpha has grown rapidly and is now the global market […]
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31 Aug 2015 1 min read
28 August interim results roundup
A quick summary of interim results for periods ended 30 June 2015 announced on 28 August 2015 Aberdeen Smaller Companies High Income NAV total return 15.8%, share price total return 21.8%. Well ahead of FTSE Small Cap Index ex Investment Companies return of 11.9%. Outperformance helped by bids for Domino Printing and Anite Candover NAV […]
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23 Mar 2015 1 min read
Dunedin Enterprise hit by discount widening
Dunedin Enterprise has reported a -0.4% total return on net assets for the year ended 31 December 2014. However the share price fell as the fund’s discount widened and the return to shareholders was -15.8%. The discount stood at 33% when they published these figures. They are paying a final dividend of 4.7p. The fund […]
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28 Aug 2014 1 min read
Dunedin Enterprise reports modest fall in NAV during the first half of 2014
DNE : Dunedin Enterprise reports modest fall in NAV during the first half of 2014 Dunedin Enterprise Investment Trusts recent interims report a fall in NAV during the first half of 2014 of 4.6%. However, once dividends are included, DNE’s total return was -1.7% (this compares with a fall in the FTSE Small Cap index […]
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25 Jun 2014 1 min read
Dunedin Enterprise : DNE – acquisition
Dunedin Enterprise is making a £5.9m investment in EV Offshore Limited which designs, manufactures and provides high performance, ruggedised video cameras that are used to diagnose and analyse problems in oil and gas wells. EV Offshore is based in Aberdeen and Norwich and exports around the world.
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20 Mar 2014 1 min read
Dunedin Enterprise : DNE – final results
Dunedin Enterprise’s net asset value declined slightly over the course of 2013 but, including income, the total return was just positive (0.6%). By contrast the FTSE Small Cap. index rose by 43.9%. Gains in some investments, notably Practice Plan (sold) and CitySprint, (the same-day courier, now the largest holding) were offset by falls in the values of […]
