Here at QuotedData we were very sad to learn today of the death of Nigel Sidebotton, ex-deputy CIO of Premier Asset Management and the person who trusted us with our first client, Premier Energy & Water (now Premier Miton Global Renewables) and worked with us patiently as we produced that first research note. Nigel’s death […]
Life Science REIT has completed the acquisition of Oxford Technology Park, a 20-acre science and technology park, for £120.3m. The acquisition includes the park’s debt of £33.8m and the company will also provide up to £62.7m of forward funding to complete the park’s build-out which, once fully developed, will comprise up to 450,000 sq ft […]
Home REIT hopes to raise £150m in a new placing of shares as it looks to grow its portfolio of homeless accommodation. The placing price of 115p represents a discount of 5.7% to the closing price of 122p on Friday 13 May 2022 and a 4.7% premium to the 28 February 2022 NAV of 111.2p […]
BBGI Global Infrastructure buys German motorway – BBGI Global Infrastructure (BBGI) has entered into an agreement to acquire a 49% equity interest in Via Solutions Nord, a limited partnership incorporated in Germany, being the project company for the A7 motorway public-private partnership between Bordesholm and Hamburg in Germany. BBGI says the investment offers an inflation […]
Aquila European Renewables Income acquires new solar asset – Aquila European Renewables Income (AERI) has entered into a sale and purchase agreement to acquire a 30 MWp operating solar PV asset called Tiza for an undisclosed amount expected to close by Q3 2022. Tiza is located in the Almería region, in the south of Spain, […]
HydrogenOne Capital Growth buys second clean hydrogen developer business – HydrogenOne Capital Growth (HGEN) has signed definitive agreements for an investment of £5m (EUR 6m) in HH2E AG, alongside funds managed by Foresight Group, as part of a funding round expected to total at least £10m (EUR 12m). HydrogenOne and Foresight have also signed a […]
In QuotedData’s morning briefing 16 May 2022: Finsbury Growth & Income (FGT) has posted its unaudited half year results for the six months to 31 March 2022. During the period, the NAV total return was -2.2% and the share price total return was -3.0%. The benchmark rose by 4.7%. Despite this, manager Nick Train (pictured) […]
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: JLEN Ecofin US Renewables Infrastructure Trust Bluefield Solar Shaftesbury Capital and Counties LXI Reit Secure Income REIT This week’s interview was with […]
Regular readers of our research and news may have noticed that, at QuotedData, we are quite positive on India as an investment destination. While acknowledging that, as a sprawling democracy of some 1.4bn people and the world’s fifth largest economy, India inevitably has its challenges. Nonetheless, there is much to recommend it. In our view, […]
In QuotedData’s morning briefing 13 May 2021: Barings Emerging EMEA Opportunities (BEMO) has announced that Maria Szczesna, one of its investment managers, and a member of the Barings EMEA Team, has decided to step down from her portfolio management responsibilities to return to her home country for family reasons. Maria will remain with BEMO until […]
On 9 March 2022, the board of ScotGems announced that it had received notice from First Sentier Investors (UK) Funds Limited that it wanted to terminate its management agreement. The board says that it has considered carefully the future of the company including reviewing a number of proposals made to the board and consulting with […]
UK Commercial Property REIT (UKCM) has acquired a hotel development opportunity in Leeds for £62.7m from Marrico (Sovereign Square) Ltd, a joint venture between Marrico LLP and Helios. The group will fund the development of the 305-room hotel, which will be completed by Marrico. The 12-storey hotel is scheduled to complete in 2024 and will […]
Land Securities has agreed a deal to sell 32-50 Strand, in London, for £195m, representing a net initial yield of 4.2% to Sinarmas Land Limited, a real estate company listed on the Singapore Exchange. The disposal is in line with Landsec’s strategy to recycle capital into higher return opportunities, and is expected to complete in June 2022. […]
North Atlantic Smaller Companies delivered an NAV return of 9.2% over the year ended 31 January 2022. The chairman notes that this compares with a rise in the sterling adjusted Standard & Poors Composite Index of 24.0%. The Standard and Poors Composite Index was, however, not representative of the US market in general; for example, […]
ICG Enterprise Trust has published results for the 12 months ended 31 January 2022. Over the period, the company generated an NAV total return of 24.4% and a return to shareholders of 27.1%. Dividends total 27p, up 12.5% on the previous year. The report is jargon-heavy. ICG Enterprise’s new investment activity was skewed towards what […]
In QuotedData’s morning briefing 12 May 2022: Temple Bar (TMPL) is splitting its shares. With effect from tomorrow, a holder of one share will own five shares in the trust and the share price will adjust accordingly. If you hold your shares evidenced by paper certificates rather than through an online trading account, new share […]
NextEnergy Solar reports positive performance for first quarter of 2022 – NextEnergy Solar (NESF) has announced an 8.7% quarterly increase in its unaudited NAV per ordinary share from 104.4p as at 31 December to 113.5p as at 31 March 2022 and an interim dividend of 1.79p per ordinary share for the three-month period. Meanwhile the […]
CLS Holdings, the FTSE 250 office landlord with a £2.3bn portfolio in the UK, Germany and France, has proposed a tender offer of its shares due to its persistent and unjustified share price discount to net tangible assets. Subject to the discount persisting, CLS said that it intends to undertake a tender offer of its […]
LXI REIT and Secure Income REIT have agreed terms on a merger that would see LXI acquire the entire share capital of Secure Income. Under the terms of the merger, each Secure Income shareholder will receive 3.32 new LXI shares per one Secure Income share. The deal would see the combined company have net assets […]
Bluefield Solar Income buys UK-based solar and wind portfolio and announces proposed issue – Bluefield Solar Income (BSIF) has made a significant acquisition of a 93.2MWp UK-based solar and wind portfolio, expanded its revolving credit facility (RCF) and launched a placing and offer for subscription. BSIF will raise new equity through the placing of new […]
In QuotedData’s morning briefing 11 May 2022: BlackRock Greater Europe (BRGE) has posted its interim results for the six months to 28 February 2022. During this time, the trust’s NAV was down 20% while its share price was down 21.8%. This compares with a 7.8% fall from its benchmark. Exposure to Russian holdings at 28 […]
Pacific Assets Trust has published results for the 12 months ended 31 January 2022 and the figures are much improved on previous years when it suffered from relatively low exposure to China, although unfortunately still behind its performance objective. The net asset value per share total return of 9.1% compares with the return of the […]
3i Infrastructure achieved a return of 17.2% in the year ended 31 March 2022, with the NAV increasing to 303p and shareholders receiving a return of 20.9%. A 10.45p dividend for the year was 6.6% higher than the previous year and a new target of 11.15p has been set for the current financial year. Portfolio […]
Ecofin US Renewables Infrastructure Trust plans to raise new capital by way of a placing of new ordinary shares at a price of $1.015 per share. The company has fully deployed its IPO proceeds and has drawn down $9.1m under its revolving credit facility. In addition to the placing, there will be an offer of […]
In QuotedData’s morning briefing 10 May 2022: Sadly, we have to report the death on 4 May 2022 of Robin Angus. “It is with great sadness that the board of Personal Assets Trust announces that Robin Angus, who was the company’s executive director until his retirement in September 2020, passed away on 4 May 2022. […]
BB Biotech (SWX:BION) has continued to show a resilient performance this year, a period that has proved to be extremely challenging for biotech investing – indeed the sector is now considered to be experiencing its most severe bear market for more than two decades. BB Biotech’s shares closed on Friday at CHF 56.00, down 23% […]
Shaftesbury and Capital & Counties Properties have confirmed that they are in advanced discussions regarding a possible £3.6bn all-share merger of the two companies. The merger would create a REIT focused on the West End of London with a portfolio of 2.9 million sq ft of lettable space across Covent Garden, Carnaby, Chinatown and Soho. […]
JLEN Environmental Assets says that it expects to announce its unaudited Net Asset Value as at 31 March 2022 in mid-May 2022. While this has not yet been finalised, the initial indication is that there will be a material increase in the NAV relative to 31 December 2021. An uplift in the range of 13% […]
Life Science REIT has acquired a London office building for £85m as it continues to build its portfolio following launch last year. The group has bought 7-11 Herbrand Street, which is located close to University College Hospital and University College London in London’s Knowledge Quarter of Bloomsbury, King’s Cross and St Pancras, at a net […]
Downing Strategic Micro-Cap on journey to grow as it publishes good results – Downing Strategic Micro-Cap (DSM) has posted its final results for the year ended 28 February 2022. During the period under review, the trust saw a 5.3% increase in its NAV and 1% increase in its share price . It maintained its NAV […]
