Valeria Martinez, Investment Week, 9 May 2023: The Civitas Social Housing REIT board has agreed to a recommended all-cash offer by Wellness Unity at 80p per share, but analysts are calling for a counter bid. The bid made by CK Asset Holdings’ wholly-owned indirect subsidiary, CK Bidco, values the investment trust at approximately £485m, which […]
James Carthew for Investment Week, 3 May 2023: Over the past 12 months or so, the disconnect between the net asset values of a wide range of investment companies and their share prices has widened considerably. The problem seems particularly acute in the area of alternative assets, which includes private equity, property, infrastructure and renewable […]
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 […]
Investment Week, Valeria Martinez, 2 May 2023: Schroders’ mission to resurrect the former Woodford trust as Schroder UK Public Private, now rebranded to Schroders Capital Global Innovation, has been compared to raising the Titanic, with its future placed in doubt after a tenure overseeing lacklustre performance. Formerly Woodford Patient Capital, the trust changed its name […]
Investment Week, 28 April 2023: In this month’s ‘Four graphs explaining’ our experts consider the Latin American market. Andrew Courtney, analyst at QuotedData Outside of some pockets of optimism, Latin America has slipped from one crisis to another over the past few decades. GDP has been anaemic at best, currencies have tumbled, and its regions […]
James Carthew: Early exit offer makes Ashoka trust less of a leap It is good to see some signs of life in the investment company IPO market after an extended hiatus, as the team behind Ashoka India Equity (AIE) has a go at launching a £100m trust with a wider emerging markets remit. Money has […]
by Kyle Caldwell from interactive investor, 19th April 2023: There are sound reasons to look beyond ‘dividend hero’ investment trusts, as this research shows. Many investors like to buy funds and investment trusts that invest in dividend-paying companies or income-producing bonds… Investors should look beyond the dividend heroes However, investors should not just simply stick […]
By Tom Aylott, Reporter, Trustnet, 19 April 2023: The RIT Capital Partners trust has sunk to a 20.1% discount following recent criticism from analysts, but some are saying that this has opened an attractive window to buy. Trouble began in January after Alan Brierley, director of investment company research at Investec scrutinised its “ominously” high […]
James Carthew: This selloff has gone too far Looking at my portfolio, the past few months have felt a bit frustrating. Investment companies that I am convinced are sound have been derated, sometimes aggressively. Investors seem irrational, perhaps even panicky. Fundamentals are being ignored and sentiment rules all. Fortunately, the bulk of my investments are […]
James Carthew: Will good performance narrow Oakley Capital’s illogical discount? In both underlying net asset value (NAV) and share price terms, the best-performing private equity fund over the past five years has been Oakley Capital Investments (OCI). The share price has kept pace with the NAV over that period – both returning about 23% per […]
