Valeria Martinez, Investment Week, 05 September 2023: From trading at a premium less than a year ago, Digital 9 Infrastructure (DGI9) has rapidly reversed to a discount, with share prices falling over 40% as investors digested a series of problems, including a funding crisis that has yet to be resolved. The FTSE 250 trust, managed […]
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 […]
James Carthew: High yield, low rating look unfair on Bluefield Solar The prices of renewable energy funds fell by an average of 3.1% last month, taking their one-year decline to nearly 17%. Most of these funds are trading at discounts of more than 20% to net asset value (NAV) and have dividend yields well above […]
Valeria Martinez, Investment Week, 1 September 2023: The Triple Point Social Housing (SOHO) REIT has sold four properties roughly in line with the book value of its portfolio, with proceeds earmarked for potential share buybacks or debt repayments. In a stock exchange notice today (1 September), the board said the assets had been sold to […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 31 August 2023: The ability to borrow money is one of the weapon in an investment trust’s arsenal. In many cases, it has contributed towards the outperformance of investment trusts relative to their equivalent open-ended versions, as they take out money to invest, making higher returns each year above the […]
In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to James Carthew, director of QuotedData.
Investment trust insider on Riverstone Energy – James Carthew: Riverstone Energy’s unreasonable tender Riverstone Energy (RSE) made headlines this week when it announced a tender offer for up to 30.4% of its issued share capital. The fund is almost 10 years old, having launched in October 2013. The initial issue was a phenomenal success, raising […]
By Tom Aylott, Reporter, Trustnet, 21 August 2023: What investors choose to put in their pension is an important decision as it can have a significant influence on their overall quality of life when they enter retirement. It is very important to start early so that a large pot can be accrued, but as we […]
By Jean-Baptiste Andrieux, Reporter, Trustnet, 18 August 2023: After 20 years at the helm of the trust, Bruce Stout, manager of Murray International has announced he will retire in June 2024. During his tenure spanning two decades, Stout has given the trust a very particular flavour that includes a significant underweight to US equities and […]
Investment trust insider on the return of arbitrageurs – James Carthew: The unfit trusts at risk from an ‘arb’ attack Investment company bargains abound following the discount widening that has plagued the sector. We have seen some welcome proactive moves by boards to address the problem. What does not seem to have emerged yet is […]
