The Taylor Maritime Investments prospectus is out and, as promised, we are making it available here. As always, we are not recommending that you buy the shares. In fact we are not acting in any capacity with respect to the IPO. The prospectus is just provided for your convenience. There are geographic restrictions on who can […]
The Aquila Energy Efficiency prospectus is out and, as promised, we are making it available here. As always, we are not recommending that you buy the shares. In fact we are not acting in any capacity with respect to the IPO. The prospectus is just provided for your convenience. There are geographic restrictions on who […]
JPMorgan Multi-Asset Growth & Income has published results for the year ended 28 February 2021. The NAV return for the period was 4.1%, a little behind the old performance benchmark of LIBOR +4.5% (which worked out at 4.8% for the period). The board has proposed a number of changes, including a new benchmark, which we […]
Private rented sector specialist Grainger has reported strong half-year results in which earnings grew 11%. The group, which has a portfolio of 9,109 rental homes in the UK, said rents were up 1.7% in the six months to March 2021, while enquiry levels were up 86% since January. Net rental income was £34.7m, down on the […]
Gore Street Energy Storage acquires new project in Milton Keynes – Gore Street Energy Storage has announced the acquisition of an 80MW construction ready energy storage project in Milton Keynes, with an estimated total capital expenditure of £30m spread over the next 12 to 15 months. It has been acquired from leading renewable energy company RES. […]
Scottish Mortgage enjoys strongest returns in its history – Scottish Mortgage has announced preliminary results for the year ended 31 March 2021. The net asset value total return rose by 111.20%, significantly outperforming the 39.6% return from its FTSE All World benchmark. The share price rose by 99%, compared to a Global sector average return […]
In QuotedData’s morning briefing 13 May 2021: Hipgnosis Songs Fund has announced the acquisition of a music catalogue from award-winning producer, Andy Wallace, who has collaborated with Nirvana, Paul McCartney, Coldplay, Foo Fighters and many more. The catalogue contains 17,242 songs which brought in a revenue of $874,000 in 2020 alone. JLEN Environmental Assets Group has […]
Watch the recording of India Capital Growth Fund’s webinar here where Gaurav Narain, co-Head of Equities and Portfolio Advisor, Elisabeth Scott, Chairman of the India Capital Growth Fund and Camilla Bryden answered investors questions and provided an update on: The spread of Covid-19 in India The impact on India Capital Growth Fund’s mid and small cap portfolio Market […]
The boards of Amsterdam-based Prosus and Naspers have announced that Prosus intends to acquire up to 45.4% of shares in Naspers, its South Africa-based parent company. Prosus owns a 28.9% stake in Tencent, the Chinese software and gaming behemoth. Both Prosus and Naspers trade at a discounted value to their stake in Tencent, which according to market reports […]
GCP Student Living has posted a 4.5% increase in EPRA net tangible assets (NTA) for the first quarter of 2021. The increase, to 179.07p per share, was mainly down to a 3.5% uplift in the value of its portfolio (mainly focused on London) to £1.06bn. This was due to an uptick in activity in the investment […]
In QuotedData’s morning briefing 12 May 2021 – Schroder Income Growth’s (SCF’s) reported interim results to 28 February 2021, with the NAV returning 16.1% (compared to 12.0% delivered by the FTSE all-share index.). SCF’s share price outperformed the NAV, with a total return of 19.6%. Law Debenture (LWDB) announced yesterday evening that further to the recent announcement regarding the issuance […]
RM Secured Direct Lending (RMDL) has been making good progress in directing all new lending to six core sectors. It is set for a name change to RM Social & Environmental Infrastructure Income, as outlined below. ‘All new lending being allocated to social & environmental infrastructure assets’ “RM Funds (RMDL’s manager) has made good progress in […]
Further to the announcement on 22 April 2021 (click here to read our coverage and take on this) that the board of Polar Capital Global Financials (PCFT) was considering an issue of equity, proposals for a placing, the board has this morning announced an open offer, offer for subscription and intermediaries offer for a target […]
3i Infrastructure ups dividend by 6.5% – 3i Infrastructure has announced results for the year ended 31 March 2021. The total return on opening net asset value was 9.2%, in line with its target of between 8% and 10%. while it also achieved a total shareholder return of 23.8%. The company paid an interim dividend […]
No dividend but good performance from North Atlantic Smaller – North Atlantic Smaller Companies has announced results for the year ended 31 January 2021. The net asset value per share rose by 20.7% as compared to a rise in the sterling adjusted S&P Composite of 10.9%. The share price rose from 3400p to 3850p. The company’s revenue account […]
Civitas Social Housing has increased its dividend target for full year 2022 by 2.8% after posting another increase in net asset value (NAV). The group said in a trading update that it is targeting a dividend of 5.55 pence per share for the financial year ending 31 March 202, which represents an increase of 2.8% to the 2021 […]
In QuotedData’s morning briefing 11 May 2021: CVC Credit Partners European Opportunities has announced the results of its latest tender offer – 5,926,910 Euro shares and 8,710,330 Sterling shares were tendered – the tender prices are €0.9932 and £1.0521. These should be settled in full. Riverstone Energy successfully completed its last buy back programme – repurchasing […]
Downing Strategic Micro-Cap (DSM) reported annual results to 28 February 2021, with the portfolio delivering a 26% increase in NAV and the shareholder return coming in at 22%. ‘We believe that the portfolio sits at a 43% discount to its intrinsic value’ DSM’s manager, Judith MacKenzie, had this to say: “I said back at the time of the Interim […]
BlackRock Smaller Companies (BRSC) reported annual results to 28 February 2021, with an NAV of 13.5% and return to shareholders of 14.4%. This represented an underperformance of the benchmark (Numis Smaller Companies plus AIM (excluding Investment Companies) Index) return of 23.1%. Returns shown are without the re-investment of dividends and with debt at par value. […]
Aquila Energy Efficiency Trust announced its intention to launch an IPO and admit its shares on to the premium segment of the main market of the London Stock Exchange. The company is seeking to raise up to £150m through a placing. In addition, pursuant to the prospectus expected to be published shortly [we will publish this […]
In QuotedData’s morning briefing 10 May 2021 – From last Friday: we had interim results from Finsbury Growth & Income (FGT) to 31 March 2021, including a 2.2% total NAV return and a 3.7% return to shareholders. Performance was below the benchmark FTSE all-share index return of 18.5%. However, manager, Nick Train noted that “when you look […]
QuotedData’s weekly news show 7 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: Biotech & Biden Sherbone Investors selling its’ stake in Barclays John Laing in talks with KKR about a […]
Covid-19 has driven financial inclusion and the evolution of fintech. Ross Teverson explains why well-managed emerging and frontier market banks stand to benefit. “Out of adversity comes opportunity” Benjamin Franklin’s famous saying has been used on more than one occasion to describe the way in which the Covid-19 pandemic has accelerated change over the past […]
As predicted, merger and acquisition (M&A) activity has taken off in the listed property sector in 2021. Friday’s announcement that St Modwen Properties (SMP) had received an unsolicited approach from US private equity giant Blackstone regarding a possible cash offer of £1.2bn for the company feels a bit different to recent M&A news. This week […]
I was playing with the QuotedData data pages this week – looking at factors such as widest discounts and highest yields – then I alighted on the 10-largest funds by market cap and I have to admit that some names on that list were a surprise to me. Fortunately, I had some old data from […]
Sherborne Investors (Guernsey) C (SIGC) has announced that its board has been notified by the company’s investment manager that funds managed by it have disposed of their entire 6.01% shareholding in Barclays PLC. There’s no explanation as to why, other than the manager says that it has identified a better opportunity. Sherborne Investors has advised […]
St Modwen Properties has received a proposal from US private equity giant Blackstone regarding a £1.2bn offer for the company. The board of St Modwen said it was minded to unanimously recommend the offer, which is at a huge premium to its share price and net asset value. The possible cash offer of 542 pence is a […]
Liontrust ESG Trust (ESGT) has issued an intention to float (ITF) this morning, in which has announced plans for a £150m IPO on the premium segment of the main market of the London Stock Exchange. ESGT is seeking to raise £150 million by means of a placing, offer for subscription and intermediaries offer, following which […]
US Solar Fund (USF) has announced that it has raised US$132m in its first fundraising since its IPO two-years ago (click here to read the IPO note we produced on the fund at that time). This first issue, which was conducted under its recently launched placing programme, was well supported by new and existing investors […]
In QuotedData’s morning briefing 7 May 2021: Shareholders have approved both a change of name and a revised investment Policy for Jupiter US Smaller Companies (JUS), which reflects the change of investment manager to US based Brown Advisory (click here to read our initiation note on the company which takes a detailed look at Brown’s […]
