Overview
GRIT Investment Trust (formerly Global Resources Investment Trust) is an investment fund specialising in the natural resources industry. The fund primarily invests in small and medium sized listed stocks.
You can access the company’s webpage here
Fundamentals
Price
Research History
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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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25 Apr 2018 1 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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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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24 Sep 2014 1 min read
Global Resources Investment Trust look beyond initial performance
GRIT : Global Resources Investment Trust look beyond initial performance We have today published a note on Global Resources Investment Trust. A few months into the life of Global Resources Investment Trust the net asset value has fallen by 37% and its ordinary share price has fallen much faster. As we explain in our note, […]
News
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25 Jan 2024 2 min read
QuotedData’s morning briefing 25 January 2024 – IAT, CORD, GRIT, GABI, AEWU, WKP
In QuotedData’s morning briefing 25 January 2024: Invesco Asia (IAT) says that from 1 May 2024, its two co-portfolio managers will swap roles, with Fiona Yang taking the lead from Ian Hargreaves, but will both continue to work very closely together on the portfolio. The directors say that they have been impressed by Fiona’s contribution […]
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20 Sep 2023 1 min read
GRIT continues to seek reverse takeover
GRIT Investment Trust (GRIT) has announced its results for the six months ended 30 June 2023. The company’s NAV fell 29% over the period while shares fell 51.8%. Commenting on the results, Chairman Richard Lockwood noted: “The last six months have seen a continued increase in interest rates and high inflation in the UK. The […]
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20 Sep 2022 2 min read
GRIT Investment Trust ponders future
On 22 October 2021, GRIT Investment Trust announced the new board appointments of Richard Lockwood and Malcolm Burne, both of whom were veteran fund managers, with exceptional records in the natural resources sector, together with plans to progress its plans to commence the re-building of a diverse portfolio of natural resources investments. The principal investment […]
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01 Sep 2022 2 min read
QuotedData’s morning briefing 1 September 2022
In QuotedData’s morning briefing 1 September 2022: London & Associated Properties (LAS) has posted its half-year report for the six months to 30 June 2022. During this time, the company increased its net assets by 17% to £34.2m and its shares now trade at 40.04p per share. LAS moved further away from traditional retail through […]
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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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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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22 Dec 2020 1 min read
QuotedData’s morning briefing 22 December 2020
In QuotedData’s morning briefing 22 December 2020: The Renewables Infrastructure Group has exchanged contracts to invest in Phoenix SAS, which owns a portfolio of operational wind and solar renewable energy assets. The portfolio comprises five onshore wind farms in Northern France with a combined capacity of 74MW and four operational solar parks with battery storage located […]
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03 Dec 2020 2 min read
QuotedData’s morning briefing 3 December 2020
In QuotedData’s morning briefing 3 December 2020: Jupiter UK Growth’s board has agreed in principle to a voluntary winding up of the company and the offer of cash or a rollover into an open-ended UCITS fund, the Brown Advisory Global Leaders Fund. The rollover fund’s investment objective is to achieve capital appreciation by investing primarily in […]
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28 Feb 2018 1 min read
Global Resources IT completes its write-up of its Kalia holding
Global Resources IT completes its write-up of its Kalia holding – On 26 February 2018, Kalia Limited announced that, subject to shareholder approval, it had agreed to acquire Global Resources Investment Trust (GRIT)‘s interest in Kalia Holdings Pty Ltd, thereby consolidating the non-landowner interests in Bougainville Exploration Licences in Papua New Guinea. This followed the […]
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26 Sep 2017 2 min read
Global Resources writes up Bougainville gold investment
Global Resources writes up Bougainville gold investment – Early this year, Global Resources Investment Trust completed an A$1,250,000 investment in Kalia Holdings Pty Ltd, a private Australian company that is the parent company of a Papua New Guinean registered subsidiary Kalia Investments Ltd. Kalia Investments Limited holds contractual rights to explore for minerals and develop […]
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02 Nov 2016 1 min read
Global Resources pays down debt
The board of directors of Global Resources Investment Trust confirm that they have today repaid GBP1.0 million nominal of 9% Convertible Unsecured Loan Stock 2017 to LIM Asia Multi-Strategy Fund Inc. As announced on 28 October 2016, it expects to repay the balance of GBP1.5 million nominal of 9% Convertible Unsecured Loan Stock 2017 to LIM from […]
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28 Jun 2016 3 min read
Global Resources gets cash injection from manager
Global Resources Investment Trust says it has entered into a legally binding subscription agreement with RDP Fund Management LLP under which RDP has agreed conditionally to subscribe (subject to having the right to assign some or all of the right to subscribe) for a total of 40,000,000 new ordinary shares of GBP0.01 in GRIT (plus warrants) at […]
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29 Apr 2016 3 min read
Big bounce in NAV in Q1 for Global Resources
On 31 July 2015, Global Resources announced that it had extended its accounting period from 31 August to 31 December. The rationale behind this move was to better align the company’s accounting period with those of the majority of its investee companies and also the payment periods attaching to its Convertible Unsecured Loan Stock “CULS”. […]
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21 Apr 2016 1 min read
Top ten risers and fallers in March
http://view.ceros.com/citywire/it-insider-april-2016/p/21 Investors appeared to have a greater appetite for risk during March, with trusts which have invested in Brazil, Latin America, and Russia all featuring in the top 10 risers.
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14 Mar 2016 1 min read
Global Resources to pay back convertibles
Global Resources Investment Trust has not been able to come to an agreement with Primestar Energy FZE and LIM Asia Multi-Strategy Fund Inc. relating inter alia to the subscription, open offer and early redemption of loan notes and the reduction of the required coverage ratio (4:1 assets to loan notes). The assets of the fund […]
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26 Jan 2016 3 min read
Global Resources raising cash
Global Resources Investment Trust is raising cash by making a firm placing of 270m shares at 2p per share (195m of which are being issued to Primestar (see below) and 75m to RDP Fund Management (GRIT’s fund manager). Shareholders will be able to subscribe for 15m shares at 2p in an open offer plus up […]
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16 Nov 2015 1 min read
Asia ex-Japan investment trust discounts widen
The economic slowdown in China is impacting other countries in Asia and the developed world, and hopes of growth in consumer spending and the services sector coming to the rescue are fading. Rebalancing the economy away from infrastructure investment and traditional industrial drivers, while cushioning the services sector and allowing new industries to develop, is […]
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12 Nov 2015 1 min read
Global Resources 9% Convertible holders agree a reduced coverage ratio until January
Global Resources Investment Trust announced on the 2 November that, as a result of its NAV falling to 34.58p per share, its total assets equated to 3.94x the value of its convertible. One of the covenants that GRIT has been obliged to abide by, since the convertibles were issued, is that the asset cover on the convertibles should […]
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29 Apr 2015 1 min read
GRIT to exercise self help in face of prolonged bear market
Global Resources Investment Trust’s net asset value fell by 22.6% over the six months that ended 28 February 2015. The share price fell by 38.2% however and has fallen further since the end of the period. The manager notes than we are in the fourth year of a bear market in commodities, making it one […]
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05 Dec 2014 1 min read
Tough period for Global Resources
Global Resources Investment Trust has published its first set of accounts. these cover the period from launch to the end of August 2014. Over that period the net asset value fell by 28.5% and the share price fell by 66% to 34p. Since then the falls have worsened so that, at the date of producing […]
