In QuotedData’s morning briefing 14 September 2021: Henderson High Income, managed by David Smith (pictured), made a great start to 2021 outperforming its benchmark by 3.9% to produce an NAV return of 12.3% for the six months ended 30 June. Shareholders did much better than that though as the discount was eliminated, providing a return […]
Civitas Social Housing has been the subject of negative press over the weekend. The Sunday Times reported that ShadowFall – an investor that sells stock in companies it doesn’t own and then publishes negative research on them with the aim of buying back the shares at a cheaper price – has a short position in […]
Digital 9 Infrastructure launches placing with £200m target – Digital 9 Infrastructure (DGI9) has launched a placing of new ordinary shares at a price of 107.5 pence per ordinary share pursuant to the terms of its existing placing programme. It is targeting gross proceeds of approximately £200m, which could be exceeded subject to demand, to […]
In QuotedData’s morning briefing 13 September 2021: Montanaro European Smaller Companies (MTE) is due to undertake a share split, whereby a sub-division of each ordinary share of 50 pence each will be split into 10 new ordinary shares of 5 pence each. The new ordinary shares are to be admitted to trading on the premium […]
QuotedData’s weekly news show 10 September 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew and Richard Williams covered the week’s top stories: VH Global Sustainable Energy European logistics – ASLI and EBOX Standard Life Investments Property Income […]
As the commercial real estate sector gets to grip with reducing its large carbon footprint (it contributes around 30% to 40% of global emissions), a small listed property trust made a market leading and potentially game changing investment this week. The £275m market cap Standard Life Investments Property Income Trust (SLI) bought 1,447 hectares of […]
In a busy week, one of the more interesting announcements was an intention to float notice from Foresight Sustainable Forestry Company. The company hopes to raise £200m and invest that in UK forestry assets. It thinks it can generate rolling annual returns of 5% above inflation (as measured by CPI) once it has got its […]
Tritax EuroBox is looking to raise £170m (€200m) to acquire further assets, after also announcing today that it will forward fund a logistics development in the Ruhr region of Germany. The proposed placing of 152.5 million shares will be at an issue price of 111.5 pence, representing a discount of 3.0% to the closing share […]
Alternative asset manager, Gresham House (GHE) has announced that it has agreed terms to purchase the Venture Capital Trust (VCT) business of Mobeus Equity Partners LLP (Mobeus) for an upfront payment of £24.0 million, with a further £12.1 million payable over a three-year period, subject to certain criteria being achieved. To fund the purchase, Gresham […]
In QuotedData’s morning briefing 10 September 2021: RTW Venture (RTW) has announced a new portfolio investment in Lycia Therapeutics, following its participation in the company’s US$70m series B financing round, the proceeds of which are intended to advance Lycia’s discovery pipeline of LYTAC degraders. Lycia is a privately held biotechnology company developing extracellular protein degradation […]
Round Hill Music buys Dennis Elliott’s catalogue – Round Hill Music Royalty Fund has acquired the master royalty income of Dennis Elliott, a British musician and artist, who was the original drummer of the rock group Foreigner. The catalogue comprises 71 original recordings spanning the first seven Foreigner studio albums, which feature numerous major hits, including […]
VH Global funds new UK CHP plants – VH Global Sustainable Energy Opportunities has announced a £78m programme commitment to fund innovative net zero flexible power generation projects in the UK, which support the energy transition towards more renewable power generation. The fund’s investment will fund the construction of two UK-based combined heat and power […]
Seraphim Space completes nanosatellite deal – Seraphim Space Investment Trust confirms that it is buying a holding in Spire Global, Inc. from the Seraphim Space LP. The intention to make this investment was set out in the IPO prospectus – following its IPO, Seraphim Space planned to buy four assets from the Seraphim Space Fund in […]
RTW Venture backs InBrace – RTW Venture Fund, other investment vehicles of RTW Investments, and other investment firms participated in the $102m Series D funding round for InBrace on 08 September 2021. InBrace is a privately held medical technology company pioneering SmartwireTM, a behind-the-teeth teeth straightening approach. The company treats all types of orthodontic cases […]
In QuotedData’s morning briefing 9 September 2021: BlackRock Throgmorton is asking investors to allow it to issue more shares. The permission given by investors at the last AGM is starting to run out as the success of the trust attracts new investors. Growing the trust adds to the NAV, because all new shares are issued […]
Apax invests in T-Mobile – one of the underlying funds held by Apax Global Alpha, Apax X Fund, is part of a consortium with Warburg Pincus LLP which has agreed to buy T-Mobile Netherlands Holding B.V. (“T-Mobile”), the European telecommunications operator. On a look through basis, Apax Global Alpha’s share of the deal is about […]
Good start for Ecofin US Renewables Infrastructure with strong pipeline on the horizon – Ecofin US Renewables Infrastructure (RNEW) has published its report for the period from its incorporation on 12 August 2020 to 30 June 2021. Its NAV rose from 98c on its IPO date (22 December 2020) to 98.5c on 30 June 2021, […]
Aberdeen Standard European Logistics announces launch of issue – The board of Aberdeen Standard European Logistics (ASLI), has announced a proposed open offer, placing, offer for subscription and intermediaries offer targeting gross issue proceeds of approximately £75m at a price of 109p per new ordinary share. This represents a discount of 8.4% to the closing […]
In QuotedData’s morning briefing 8 September 2021: Vietnam Enterprise (VEIL) has posted its interim report for the six months to 30 June 2021, during which time it delivered 42%, outperforming its benchmark, the VN-Index Total Return in US dollar terms by 13.3%. There is no dividend for the period. The strong performance delivered by VEIL in […]
Standard Life Investments Property Income Trust (SLI) has acquired land that will be used to offset carbon emissions from its portfolio, in a first for the property sector. The 1,447 hectares of upland rough grazing and open moorland in the Cairngorm national park has been purchased for £7.5m. The site supports 956 hectares for planting […]
Petershill Partners plans IPO – yesterday Petershill Partners published an intention to float announcement and quickly followed that up with the publication of a registration document. The intention to float statement says that Petershill Partners is a global GP (general partner) solutions investment group. It provides growth capital to, and partners with, a diverse group of […]
LondonMetric Property has acquired three urban logistics warehouses for £35.4m in separate transactions, reflecting a blended net initial yield (NIY) of 4.4% and a reversionary yield of 4.9%. The properties generate a combined rent of £1.7m a year with 83% of the income benefiting from RPI or CPI linked rent review. The warehouses have a […]
Trian Investors 1 will plow on regardless – Trian Investors 1, which currently holds all of its portfolio in shares in Ferguson, hopes to diversify this. It put the plan to a shareholder vote and it was approved but only by 52:48. The board felt it should consult dissenting shareholders and this is their report, […]
Standard Life UK Smaller reports on difficult year – Standard Life UK Smaller Companies reports that, for the year ended 30 June 2021, it generated a return on NAV of 41.9% and a return to shareholders of 46.9%. However, both of these figures are below the return on the company’s benchmark – the Numis Smaller Companies […]
In QuotedData’s morning briefing 7 September 2021: Augmentum Fintech has made a $10m investment in AnyFin, a Stockholm-based consumer credit refinancing company. Anyfin (www.anyfin.com) was founded in 2017 by former executives of Klarna, Spotify and iZettle, and leverages technology to allow credit-worthy consumers the opportunity to improve their financial wellbeing by consolidating and refinancing existing credit […]
Foresight branches out with Sustainable Forestry Company IPO plans – Foresight Sustainable Forestry Company, an externally managed investment company that will invest in UK forestry assets, today announces its intention to undertake an initial public offering on the main market of the London Stock Exchange, by way of an initial institutional placing, offer for subscription […]
Strong start for Digital 9 Infrastructure as it announces another equity raise – Digital 9 Infrastructure (DGI9) has completed the acquisition of Verne Holdings (or Verne Global), a data centre platform in Iceland, operating on a former NATO site near Keflavik for a valuation of approximately £231m in cash. Verne Global is the leading Icelandic data […]
In QuotedData’s morning briefing 6 September 2021: Late on Friday Custodian REIT (CREI) and Drum Income Plus REIT (DRIP) announced they had reached agreement on a recommended all-share acquisition of DRIP by CREI. DRIP shareholders will be entitled to 0.53 new CREI shares for each DRIP share, which values DRIP at £21.4m based on the closing […]
QuotedData’s weekly news show 3 September 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Jayna Rana and Richard Williams covered the week’s top stories: Acorn Income Blackfinch Renewable European Income Responsible Housing REIT Watch it again here This week’s interview […]
This week saw two companies announce their intentions to float: Blackfinch Renewable European Income (BRET) with a fundraising target of £300m and Responsible Housing REIT which is looking to raise up to £250m. This follows eight other investment trusts across a broad range of sectors and mandates that have already launched this year, five of […]
