ThomasLloyd Energy Impact plans to issue shares at $1.03 each to help finance a number of projects in its pipeline of projects in India, the Philippines and Vietnam. The pipeline allows for a staggered roll-out starting from US$25m with up to US$380m in readily available assets ranging from 20 MW to 450 MW, the majority […]

In QuotedData’s morning briefing 8 November 2022: Triple Point Energy Transition (TENT) has made its first energy efficient lighting investment. TENT has provided funding of £1m to a lighting solutions provider, which has installed efficient lighting and controls at a large retail logistics specialist. TENT will receive a contractual income from the logistics specialist over […]

Cordiant Digital Infrastructure (CORD) has announced that it has received regulatory approval for the acquisition of Emitel, expected to be completed mid—November 2022. Emitel is the second large, diversified digital infrastructure platform acquired by CORD, purchased for PLM 1920m (c.£360m). The completion of the transaction will mean a full utilisation of CORD’s Eurobond facility of […]

In QuotedData’s Morning briefing 7 November 2022: ICG Enterprise Trust (ICGT) has announced a $15m commitment to Clayton, Dubilier and Rice Fund XII . This is ICGT’s second commitment to funds managed by CD&R, following a $10m commitment to CD&R XI in 2020.  CD&R is a global investment firm, headquartered in New York, that executes a […]

Golden Prospect Precious Metals has announced details of proposals to introduce an annual Subscription Right for Shareholders to enable Shareholders to subscribe for one new Ordinary Share for every five Ordinary Shares held on 1 December in each year at a price equal to the undiluted NAV per Share on 30 November one year prior. […]

BlackRock Greater Europe (BRGE) has published its annual results for the year ended 31 August 2022. During the period, BRGE’s NAV decreased by 29.2%, significantly underperforming its reference the FTSE World Europe ex UK Index (the reference index), which BRGE says fell by 11.5%. Some of this underperformance was directly attributable to the write down […]

Henderson Far East Income (HFEL) has released its annual results for the year ended 31 August 2022. Its new chairman, Ronald Gauld, opens his statement by saying that, despite the rather dire backdrop of the last financial year, HFEL rose to the challenge in many ways, producing a positive NAV total return of 1.9% and […]

Fidelity Special Values (FSV) has announced its annual results for the year ended 31 August 2022. Its manager, Alex Wright, marked his ten-year anniversary of managing the Company on 1 September 2022, having produced a cumulative NAV and share price total returns of 183.3% and 208.9%, respectively, over the decade. These are both well ahead […]

Schroder Oriental Income (SOI) has announced its annual results for the year ended 31 August 2022, during which it provided an NAV total return of 2.5%, which compares favourably with the -7.7% of its reference benchmark over the same. Its chairman, Paul Meader, comments that the financial year saw two very different environments in the […]

In QuotedData’s morning briefing 4 November 2022: Castelnau Group (CGL) has made a further investment in Ocula Technologies Holdings Ltd, a data sciences business in which it owns a majority stake. The additional investment of approximately £700,000 is part of a proposed additional funding round which it is hoped will see new, third-party investors become […]

Schroder British Opportunities Trust (SBO) has announced that the merger between Culligan International and Waterlogic Group Holdings (an SBO holding) has completed. As result of the merger agreement, SBO will receive £2.38m in cash, which represents 3.2% of its NAV as at the 30 June 2022. The NAV of the Waterlogic investment in SBO already […]

In QuotedData’s morning briefing 3 November 2022: Gresham House Energy Storage (GRID) has announced that it has agreed £155m of additional debt through an accordion facility on its existing senior debt facilities that were secured in September 2021. The interest rate remains unchanged at SONIA + 3%, while the term of the debt facility has […]

ThomasLloyd Energy Impact Trust is making its first investment in Vietnam, via a new $30m local partnership with Solar Electric Vietnam. The first deal in this new partnership is an agreement to acquire Viet Solar System, a privately-owned company which holds 6.12MWp of rooftop solar assets. $4.6m will be utilised to acquire Viet Solar System. […]

In QuotedData’s morning briefing 2 November 2022: Princess Private Equity (PEQ) will not pay a second interim dividend. It says that the dividend suspension is needed because the company’s currency hedging activities have led to outflows of more than €60m to settle currency hedging contracts. It also says that challenging debt markets are having an […]

Growth rarely follows a steady or predictable path, according to Kirsty Gibson of the Baillie Gifford US Growth Trust  The value of an investment, and any income from it, can fall as well as rise and investors may not get back the amount invested. Cast your mind back to being told you couldn’t see friends […]

Atrato Onsite Energy says that its NAV as at 30 September 2022 was £139m or 92.8p per share. The NAV reflects the valuation of the portfolio and incorporates the costs associated with the IPO, ongoing running costs and dividend distributions. Atrato Onsite has invested one-third of its IPO proceeds to date. These assets are performing in […]

International Biotechnology reports a -6.9% return on NAV and -6.4% return to shareholders for the year ended 31 August 2022. However, it beat its performance benchmark, the NASDAQ Biotechnology Index (NBI), which returned -13.8%. This helped the trust claw back some of its underperformance relative to its benchmark over the past five years so that, […]

Over the 12 months to the end of August 2022, Asia Dragon delieverd a return on NAV of -8.4%, a little behind the return on its benchmark, MSCI AC Asia ex Japan, of -7.1%. A widening discount left investors with a return of -11.8%. The dividend was maintained at 6.5p and this was not fully […]

Starwood European Real Estate Finance says that following a review of its strategy and after seeking advice from its advisers, its board intends to recommend a strategy of orderly realisation and the return of capital over time to shareholders. Under the current discount control mechanism, the company is required to redeem up to 75% of […]

In QuotedData’s morning briefing 1 November 2022: 3i Infrastructure (3IN) has completed its €394m investment in ground support equipment rental company TCR, buying the stake owned by funds managed by DWS. 3i Infrastructure now has about a 96% stake in the business, the balance is held by TCR’s management. Momentum Multi-Asset Value (MAVT) has renewed […]

Volta Finance Limited (VTA) has reported its annual results for its financial year ending 31 July 2022. VTA reported a NAV total return of -7.3% and share price total return of -4.3%. The chairman believes these movements are broadly in line with the wider market. Over the period VTA paid a dividend of EUR 0.57 […]

Schroder UK Public Private Trust (SUPP) has announced that it has made a commitment of CHF 3m (£2.7m) to antibody-drug conjugates (ADCs) development company, Araris Biotech AG, as part of its CHF 23.5m (£21.4m,) financing round. Araris is pioneering the development of a novel antibody-drug conjugate ADC-linker technology to enable efficient and precise production of […]

NextEnergy Solar Fund (NESF) has announced it has acquired the development rights, permits, and initial grid milestones for a 250MW portfolio of high-quality battery storage projects and grid connections, with the project having secured planning permission and grid connection rights. The strategic portfolio named ‘Project Lion’, located in the East of England, was acquired for […]

Gore Street Energy Storage Fund (GSF) has announced that it has agreed to acquire from Kona Energy a 200MW construction-ready energy storage project in Heysham, North West England.  The project is one of the largest storage projects in Europe and GSF’s largest acquisition to date. With this acquisition, GSF’s portfolio will consist of 25 projects with a […]

In QuotedData’s morning briefing for 31 October 2022: Riverstone Credit Opportunities Income (RCOI) has announced an upsize of its investment in Harland & Wolff Group Holdings PLC (“Harland & Wolff”),which focuses on strategic infrastructure projects and physical asset lifecycle management across five core industries: renewables, oil & gas, defence, cruise & ferry and commercial. In […]