Sirius Real Estate, the German business parks owner and operator, posted a net asset value (NAV) total return for the year to 31 March 2021 of 19.5%. This was generated from a 15.0% uplift in NAV and 3.62 euro cents dividends paid in the year. The strength of the German business park sector, especially in […]
Oakley backs German e-commerce companies – Oakley Capital Origin Fund has acquired controlling stakes in Afterbuy and DreamRobot, two leading providers of e-commerce software in the German-speaking region, which will be combined to become the newly formed ECOMMERCE ONE Group. The two companies provide a comprehensive suite of Software as a Service (“SaaS”) solutions for small […]
Two of BB Biotech’s holdings were among the largest movers – one up and one down – on Friday, the first day of ASCO – the American Society of Clinical Oncology – when stocks responded to an avalanche of updated clinical trial data released at the start of the virtual scientific meeting. Fate Therapeutics, BB […]
In QuotedData’s morning briefing 7 June 2021 – Augmentum Fintech (AUGM) says that it continues to see a strong pipeline of investment opportunities. It is considering the issue of new ordinary shares to fund additional investments, with any potential fundraise likely to follow the publication of an updated NAV. Further details will be announced in […]
QuotedData’s weekly news show 4 June 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 covered the week’s top stories: Scottish Investment Trust update Performance fees this week – Lindsell Train, Worldwide Healthcare, Aurora Brevan Howard funds merger […]
It was refreshing to see news this week of the intention to float of a new real estate investment trust (REIT). Listing a new REIT during the pandemic may have seen a few eyebrows raised among investors, but this one appears to offer investors something different and has strong growth prospects. UK Residential REIT (URES) […]
QD view – on drugs… and other aspects of healthcare. Rate worries hitting growth stocks After delivering impressive returns last year, the tech and biotech sectors have stumbled a bit recently. It seems unfair that trusts such as Polar Capital Technology and Allianz Technology are now trading on discounts. However, some investors are worried about […]
JPMorgan European dips into revenue reserves during tough year – JPMorgan European has published results for the year ended 31 March 2021. The total return for the year for growth shares was 53.9%, outperforming its MSCI Europe ex UK benchmark return of 33.5%. The NAV total return for growth shares was 40.9%, which the board attributed […]
Lindsell Train changes benchmark and performance fee – The board of Lindsell Train investment trust has approved the amendment of its Investment Management Agreement (IMA) which will see changes to its benchmark and the calculation of the performance fee. The company has adopted the MSCI World Index in sterling, as its new benchmark, with effect […]
Hipgnosis acquires Joel Little musical catalogue – Hipgnosis Songs has bought the music catalogue of Grammy Award-winning songwriter, producer and musician Joel Little. He is best known for his collaboration with fellow New Zealander, Lorde, with whom he co-wrote and produced both her debut EP and her first album, ‘Pure Heroine’. The EP included Lorde’s game-changing single, […]
In QuotedData’s morning briefing 4 June 2021: Following its announcement last month on the implementation of a voluntary redemption facility, where shareholders may request the redemption of all or part of their holding of ordinary shares of 1p each for cash on the last business day in June each year, Jupiter Emerging & Frontier Income has […]
Worldwide Healthcare Trust has announced results covering the 12 months ended 31 March 2021. It was a great year for the trust, especially given the backdrop of COVID-19. The NAV total return for the period was 30.0%, well-ahead of the return on the trust’s benchmark (MSCI World Health Care Index) of 16.0%. The shares did […]
Triple Point Energy Efficiency publishes first results – these cover the period from launch on 19 October 2020 to 31 March 2021. The company launched with £100m, adjusting this for the launch costs, it started life with £98m of net assets or 98p per share. At the end of March, that had fallen slightly to […]
Octopus Renewables buys Scottish wind farm – Octopus Renewables Infrastructure Trust has signed a share purchase agreement to acquire 100% of the rights to construct the Cumberhead Wind Farm, a 50MW onshore wind farm located in South Lanarkshire, Scotland. The vendor was RDC Partners LLP. Completion of the acquisition is conditional upon achieving ready-to-build status which […]
Home REIT adds 314 more beds for homeless people – Home REIT has bought a further 14 separate portfolios of properties located across England for an aggregate purchase price of £47.1m (including acquisition costs). Following this deal, it has invested all of its IPO proceeds plus over 40% of its £120m 12-year debt facility, the remainder of […]
Aurora Investment Trust has published results for the year ended 31 December 2020. The NAV total return for the year was -5.3%, 4.5% better than the -9.8% delivered by the All-Share Index. This earned Phoenix (the manager) a performance fee (this is the only way it gets paid – there is no baseline management fee). It received […]
In QuotedData’s morning briefing 3 June 2021: Round Hill Music Royalty Fund says that Josh Gruss, CEO and chairman of its manager, has opted to receive 2m shares in Round Hill Music Royalty Fund in exchange for his interest in the catalogues that the fund acquired recently. Josh is handing over 950,000 of these to establish […]
The UK Residential REIT (URES) has announced its intention to float with the aim of raising £150m to be invested in a diversified portfolio of affordable, privately rented residential real estate assets in attractive locations outside of prime central London (the announcement mentions Manchester, Sheffield, Leeds, Liverpool and Bristol). The company intends to use the […]
Shires Income (SHRS) had strong year to 31 March 2021 in absolute and relative return terms, delivering total NAV and shareholder returns of 34% and 31.2%. The benchmark (All-Share Index) returned 26.7% over the same period. Entain, BHP, and M&G among best performers while preference shares stand out too SHRS’s managers, Iain Pyle and Charles Luke, had […]
QuotedData’s morning briefing 2 June 2021 – The Scottish Investment Trust’s (SCIN’s) board is to undertake a review of the future investment management arrangements of the company. In 2015 SCIN adopted a high conviction, global contrarian investment approach. The board’s view at the time was that a period of at least 5 years would be required to evaluate […]
BH Macro and BH Global agree heads of terms for proposed merger – The boards of BH Macro and BH Global, and Brevan Howard Capital Management LP, the manager of both BH Macro and BH Global, have agreed heads of terms in respect of the proposed combination of BHMG with BHGG. The combination will be […]
Triple Point Energy Infrastructure buys CHP+ company Spark Steam – Triple Point Energy Efficiency Infrastructure has completed an investment in Spark Steam, a company which owns and operates a combined heat and power (CHP+) asset and which was part of TEEC’s pipeline identified at IPO. Under the terms of the investment, Triple Point Group has […]
BBGI Global Infrastructure secures £230m revolving credit facility – BBGI Global Infrastructure has secured a new committed multi-currency revolving credit facility of £230m from ING Bank, DZ Bank, KfW IPEX-Bank and SMBC Bank. This will replace the current £180m facility with ING, DZ, and KfW which commenced in January 2018 and matures in January 2022. The […]
Caledonia Investments sells Deep Sea Electronics – Caledonia Investments has sold its largest portfolio holding (as at 30 April), Deep Sea Electronics to Genarac Holdings, a leading global designer and manufacturer of energy technology solutions. DSE was acquired by Caledonia in October 2018 and has grown strongly since then. The company said it has secured […]
In QuotedData’s morning briefing 1 June 2021: Blackstone Loan Financing has announced plans for a share repurchase programme to repurchase ordinary shares within certain pre-set parameters, following the expiry of the previous programme on 26 May 2021. The new share repurchase programme will start today and will run until the company’s upcoming AGM on 23 July […]
QuotedData’s weekly news show 28 May 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 covered the week’s top stories: Gresham House update Strategic Equity Capital takes action on discount AVI asks Third Point Investors to tackle its […]
This week, I was given the opportunity to speak at the Anaerobic Digestion and Biogas Association’s (ADBA’s) spring finance forum. We heard from a number of interesting speakers on the challenges that this relatively new industry faces and the innovative solutions that are being implemented to address these. At present, within the listed renewables funds […]
Volta Finance has made an announcement in relation to the results of its AGM, which was held on 8 December 2020, and raises questions as to whether some shareholders are disgruntled and whether some of the directors might be in the firing line. To summarise, the votes against the resolutions to approve the re-election of […]
HarbourVest Global Private Equity (HVPE) has announced its annual results for the year ended 31 January 2021, during which it has provided NAV per share increase of 30.4% over the financial year – the largest 12-month increase in HVPE’s 13-year history. It says that this compares against a return of 17.4% for its FTSE All-World […]
Edinburgh Investment Trust(EDIN) has announced its annual results for the year ended 31 March 2021, the first since the appointment of Majedie Asset Management as portfolio manager. The results are good news for shareholders, with EDIN providing an NAV total return of 34.8% and a share price total return of 46.4%, both of which are […]
