JPMorgan Global Core Real Assets hits dividend target despite underperformance – JPMorgan Global Core Real Assets (JARA) has published its full year results for the year to 28 February 2021. During the year, the NAV fell by 5.9% while the share price total return was also down by 1%. Having only IPO’d in 2019, the […]
In QuotedData’s morning briefing 8 July 2021: Dunedin Enterprise (DNE) has entered an agreement to realise its investment in UPOL, the manufacturer of automotive refinish products including body fillers, coatings, aerosols, polishing compounds and consumables. The transaction is subject to regulatory approval and is expected to complete in the second half of 2021. The investment was valued […]
BBGI Global Infrastructure agrees three social infrastructure investments and sets up £50m placing – BBGI Global Infrastructure (BBGI) has reached agreements to acquire stakes in three social infrastructure investments in the UK. They consist of a 33.33% interest in the Aberdeen Western Peripheral Route, a 100% interest in Ayrshire and Arran Hospital, and a 100% interest in […]
Octopus Renewables Infrastructure (ORIT) has raised £150m through its placing, open offer, offer for subscription, and intermediaries offer. The board increased the issue size from around £100m to around £150m on account of ORIT’s pipeline and demand from investors. Renewables continues to draw in capital Chris Gaydon, investment director at Octopus Renewables (ORIT’s manager), noted: “The team […]
In QuotedData’s morning briefing 7 July 2021 – KKV Secured Loan (KKVL) is to return £10.6m to ordinary shareholders and £9.7m to C shareholders. This return of capital will be effected by way of an issue of redeemable B and D shares to existing shareholders. FastForward Innovations (FFWD) topped up its investment in South West Brands with […]
HydrogenOne Capital Growth prospectus published – following on from yesterday’s intention to float announcement, HydrogenOne Capital Growth has today published a prospectus and, as usual, we are providing you with a link. As always, we are not recommending that you buy the shares. In fact we are not acting in any capacity with respect to […]
Henderson Diversified Income outlines new investment objective and policy – Henderson Diversified Income (HDIV) has released its full year results for the year to 30 April 2021, which includes details on its proposed new investment objective and policy, initiated by the regulatory requirement to transition away from LIBOR to alternative reference rates by the end […]
Sequoia Economic Infrastructure Income hits dividend target following challenging year – Sequoia Economics Infrastructure Income (SEQI) has published its results for the year ended 31 March, during which time it achieved a NAV total return of 13.5% and a share price total return of 17.4%. SEQI also hit its target of paying a fully cash-covered dividend […]
Miton UK Micro Cap publishes stellar results as pandemic offered greater potential for holdings – Miton UK Micro Cap (MINI) has revealed its full year results for the year to 30 April 2021, which saw its share price total return (including dividends reinvested) up by 141.5% and its NAV up from 51.33p to 104.83p, representing a […]
Artemis Alpha narrows discount by more than half during strong-performing year – Artemis Alpha (ATS) has released its full year results for the year to 30 April 2021, during which time it delivered a share price return of 81% and an NAV return of 56%. significantly outperforming its FTSE All-Share benchmark return of 26%. Over […]
In QuotedData’s morning briefing 6 July 2021: Chrysalis Investments (CHRY) has acquired a $67m investment in US based cybersecurity firm Deep Instinct. The investment consists of both an issuance of new equity and acquisition of shares from existing shareholders. The additional investment of new equity means Deep Instinct has raised approximately $240m to date. The investment represents a […]
AVI requisitions Third Point Investors meeting – AVI and three other shareholders in Third Point Investors Limited, who between them owning over 17% of Third Point, have today requisitioned the Third Point Investors’ board to convene an extraordinary general meeting. At the meeting, shareholders would vote on a resolution to change Third Point’s investment policy. AVI […]
Essa Pharmaceutials (Nasdaq: EPIX) and Moderna (MRNA) may have been the top performers within Swiss investment company BB Biotech’s (SIX:BION) 34-strong portfolio in the first half, sporting stock price rises of 137% and 124% respectively, but these gains are modest by comparison with some of the ones from within the wider world of biotech investing. […]
GCP Student Living on press speculation – GCP Student Living released the following announcement on Friday: “Further to the recent press speculation, the Board of GCP Student confirms that it has received a series of non-binding proposals for the entire issued and to be issued share capital of the Company, other than the shares held by funds […]
HydrogenOne Capital Growth (HGEN) announced its intention to launch an IPO, with a target raise of £250m via a placing, an offer for subscription and an intermediaries offer of ordinary shares of 1p each in the capital of the company at an issue price of 100p per ordinary share. If successful, HGEN will be the first London-listed investment fund […]
Hipgnosis Songs (SONG) announce final results for the year ended 31 March 2021, with the following operational and financial highlights: Operational highlights 84 Catalogues acquired for $1.089bn including Rock And Roll Hall of Fame inductees Neil Young, Lindsey Buckingham / Fleetwood Mac, Steve Winwood, Debbie Harry and Chris Stein / Blondie, and Chrissie Hynde / The Pretenders, […]
In QuotedData’s morning briefing 5 July 2021 – Fair Oaks Income (FAIR) announced that FOIF II LP (Master Fund II) has made two investments in the majority equity of new US CLOs. These investments reinvest the sale proceeds of CLO mezzanine debt which were acquired opportunistically in the spring of 2020. Both new CLOs include ESG-related […]
QuotedData’s weekly news show 2 July 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 Jayna Rana covered the week’s top stories: Bluefield Solar Income Fund plan to buy 109 wind turbines Genesis Emerging Markets – Fidelity […]
There is a fair bit going on in the sector this week but I thought I would highlight the interim results from Polar Capital Global Financials Trust. We don’t always write about interims – six months’ worth of performance is a bit short-term to make a fuss about – but in this case we made […]
Polar Capital Global Financials (PCFT) has released its interim results for the six months ended 31 May 2021, which its managers (Nick Brind, John Yakas & George Barrow) describe as an “excellent one for financials in both absolute terms and relative to wider equity markets”. The period saw a significant turnaround in sentiment towards the […]
In QuotedData’s morning briefing 2 July 2021: Chenavari Toro Income Fund (TORO) has released its interim results for the six months ended 31 March 2021 (click here to read the report). During the period, TORO provided an NAV total return of 12.27% and a share price total return of 18.51%. TORO declared two dividends in respect of the […]
International Public Partnerships acquires police headquarters project in Germany – International Public Partnerships (INPP) has reached financial close on a new police headquarters in South-East Hesse in Offenbach. INPP has invested €9.5m for a 45% shareholding in the project, which in December 2017, was awarded to a consortium comprising INPP Public Infrastructure Germany, Amber Infrastructure and […]
BH Macro issues prospectus and update on merger with BH Global – The board of BH Macro (BHMG) has published its prospectus regarding the issue of its shares pursuant to the proposed combination with BH Global (BHGG), the latter of which will take part in a scheme of reconstruction and winding up, as announced earlier […]
Gresham House Energy Storage acquires new projects and announces placing to take on more – Gresham House Energy Storage (GRID), has signed contracts for the acquisition of a further 425MW of projects from Gresham House Devco (the ‘current pipeline’) of which 275MW are proceeding into construction with commissioning targeted for Q1 2022 and the remaining 150MW […]
BB Biotech (SWX:BION) ended the first half with its shares up 22.2% and at CHF87 at the close yesterday, just 5% below their all-time high of CHF90 that was reached in February. The Swiss investment company’s net asset value grew by 8.9% in the first half to CHF73.1 per share, which seems to be a […]
Genesis Emerging Markets to appoint Fidelity as new manager – The board of Genesis Emerging Markets (GSS) has completed its extensive review of its management arrangements and has revealed that it intends to appoint Fidelity International as its new manager and to rename the trust as Fidelity Emerging Markets. The named managers will be Nick […]
In QuotedData’s morning briefing 1 July 2021 LXi REIT (LXI) has raised gross proceeds of £100m as part of its placing after announcing its intention to raise £75m on 24 June. The placing was significantly oversubscribed and therefore a scaling back exercise was implemented. A further £4m of gross proceeds pursuant to the PrimaryBid offer was […]
Solid results from Civitas Social Housing – Civitas Social Housing has published its full year results for the year ended 31 March 2021. Over that period, the IFRS NAV rose 0.4% to 108.3p. EPRA earnings per share were 6.5% higher at 4.93p and the company says that, at levels of investment at the year end, the […]
Urban Logistics is fundraising – Urban Logistics’ existing funds are fully invested or committed and the company has a strong pipeline of attractive off-market opportunities with a weighted average net initial yield of about 6.1% and average rent per square foot of about £5.40. On 9 June 2021 Urban Logistics said that its board aspires to […]
BlackRock North America sets out revised objective – yesterday, the board of BlackRock North American Income Trust published a shareholder circular setting out recommended proposals for the adoption of a new investment objective and investment policy, and notice of a general meeting of shareholders to approve this. The board says that it is keen that […]
