Gavin Lumsden, Daily Telegraph, 20 March 2024: If shareholders have learned anything during a volatile 10 years about Riverstone Energy, a fund investing on both sides of the energy transition, it is to take profits when you can. But what do you do when the investment company offers to buy back your shares for 31pc […]
Michelle McGagh, Citywire Investment Trust Insider, 21 Mar 2024: Andrew Pegge, a former Laxey Partners activist, has urged Abrdn Property Income (API) to scrap plans for a highly discounted all-share merger with Custodian Property Income (CREI) and opt for a managed wind-down that he says will deliver a better result for shareholders. Pegge, a former […]
James Baxter-Derrington, Investment Week, 21 March 2024: The board of abrdn Property Income (API) has reiterated its unanimous recommendation of the proposed all-share merger with Custodian Property Income REIT (CREI), arguing net asset disposals conducted in a managed wind-down would achieve lower prices than a selective portfolio sale post-merger. In a regulatory filing today (21 […]
By:Elliot Gulliver-Needham, Investment Reporter, City A.M., 21 March 2024: Urban Logistics REIT has backed down from its bidding war over Abrdn Property Income trust after failing to make a formal offer for the real estate investment trust. Less than an hour before the 5pm deadline yesterday set out by the UK takeover code, the trust […]
Christian Mayes, PORTFOLIO ADVISER, 20 MARCH 2024: Abrdn Property Income Trust’s (API) sale of two assets at book value ‘casts doubt’ on the merits of its proposed merger with Custodian, according to QuotedData analysts. In a stock exchange announcement this morning (20 March), the trust announced the sale of two properties for a combined £16.6m, […]
Cristian Angeloni, Investment Week, 20 March 2024: abrdn Property Income (API) trust has agreed the sale of two of its assets for a total price of £16.5m – a 0.3% discount to the December 2023 valuation. In a stock exchange filing today (20 March), API said contracts have been exchanged for the sale of 15 […]
by Dave Baxter, Investors Chronicle, March 19, 2024: While far from universally popular among investors, dividend cuts can sometimes be a blessing in disguise. They can drive share prices down to attractive levels while also allowing companies to put cash to better use. This is a premise that can feed into how some funds are […]
Investment trust insider on JPMorgan Indian – James Carthew: JPMorgan Indian off the boil as India reaches melting point Last month’s comfortably passed continuation vote belies years of underperformance by this trust. Its two mid-cap rivals look better even if India’s financial regulator worries about hot money. When I last wrote about India in October […]
by Kyle Caldwell, from interactive investor, 18th March 2024: The plan announced by Scottish Mortgage at the end of last week to make at least £1 billion available to buy back its own shares over the next two years was warmly welcomed, causing its share price to rise by 5.3% on 15 March. Buying back […]
By Emma Wallis, News editor, Trustnet, 15 March 2024: Jefferies has given the Scottish Mortgage Investment Trust a buy rating while Numis Securities’ Ewan Lovett-Turner believes it “warrants a place in portfolios for its unique mandate focused on companies that have the potential to deliver exceptional growth,” after the trust’s commitment to investing at least […]
