Foresight Solar achieves strong performance following its first battery storage investment – Foresight Solar (FSFL) has posted its full-year results for the 12 months to 31 December 2021. During the period under review, its NAV increased to £660.0m, driven by strong UK power prices, above budget inflation and a reduction in discount rates, resulting in […]

Premier Miton Global Renewables soars above new benchmark – Premier Miton Global Renewables (PMGR) has posted its full year results for the 12 months to 31 December 2021. During this time, the trust achieved a share price total return of 30.7% and a NAV total return of 26.5%. Total return performance, including income and costs, […]

In QuotedData’s morning briefing 9 March 2022: Taylor Maritime (TMI), has agreed to sell one 2006 built Handysize vessel and one 2011 built Supramax vessel for a combined $33.3m of proceeds, realising a premium to the Fair Market Values included in the NAV reported as at 31 December 2021. The transactions represent IRRs in excess […]

BioPharma Credit backs UroGen Pharma – BioPharma Credit has together with BioPharma Credit Investments V (Master) LP entered into a definitive loan agreement with respect to a senior secured loan to UroGen Pharma, Inc., guaranteed by its parent, UroGen Pharma Ltd. BioPharma Credit will invest up to $50.0m and BioPharma-V will invest up to an […]

Allianz Technology announces results as Walter Price prepares to stand down – Allianz Technology reports that, over the year ended 31 December 2021, the NAV return was 19.4% and the shareholder return 18.7%, whilst the benchmark Dow Jones World Technology Index (sterling adjusted, total return) increased by 28.2%. As usual, there is no dividend. Mike Seidenberg will […]

British Land has sold 50% of its stake in the Canada Water Masterplan to AustralianSuper for £290m. Following completion of the sale, British Land and AustralianSuper, which is one of Australia’s largest pension funds, will form a 50:50 joint venture to accelerate the delivery of the 53-acre development, which is one of the largest London […]

2021 worked out well for BlackRock World Mining – BlackRock World Mining has published its results for the year ended 31 December 2021 and they are good. The NAV total return for the period was 20.7% and the share price return 17.5% against a return of 15.1% on its benchmark index (the MSCI ACWI Metals & […]

Unite Students has sold a portfolio of 11 properties, comprising 4,488 beds, for £306m (Unite share: £236m) to an affiliate of Lone Star Funds. The disposal portfolio includes assets in Sheffield (1,700 beds), Reading (703 beds), Leicester (665 beds), Bedford (517 beds), Liverpool (390 beds), Birmingham (337 beds), Bristol (99 beds) and Leeds (77 beds), and […]

Triple Point Social Housing REIT has proposed making changes to its investment policy and investment restrictions. In summary, the company proposes to make the following changes to its investment policy and investment restrictions: Removing the company’s minimum lease term restriction Allowing the company to selectively take on the cost of funding planned maintenance Giving the […]

Foresight Forestry takes root – On 7 March 2022, Foresight Sustainable Forestry completed its seed assets transactions with the purchase of Blackmead Forestry Limited and Blackmead Forestry II Limited from Foresight Inheritance Tax Solution for a total cost of £113.4m. The fund gets 27 sites – 11 afforestation sites, 15 forestry sites and one site […]

In QuotedData’s morning briefing 8 March 2022: JPMorgan Global Emerging Markets Income (JEMI) says its exposure to Russian securities amounts to three stocks, which are now valued at 0.25% of NAV (down from 3.6% at the end of January). Crystal Amber’s (CRS) shareholder meeting to approve its new investment strategy and management agreement saw significant […]

HgCapital achieves record performance over 2021 – HgCapital Trust (HGT) has published its annual results for the year ended 31 December 2021. During the period, the trust achieved strong portfolio performance with a total return NAV increase of 44% to a record high of £4.40 and net assets of more than £2bn. Its share price return […]

In QuotedData’s morning briefing 7 March 2022: In light of the Russian invasion of Ukraine, BlackRock on Monday, 28 February 2022, suspended the purchase of all Russian securities in its active and index funds. The boards of BlackRock World Mining (BRWM) and BlackRock Energy & Resources Income (BERI) confirm that the manager (BlackRock Fund Managers) […]

Hammerson’s ongoing repositioning efforts have seen losses dramatically fall in full year results to the end of December 2021. The retail group said IFRS loss for the year was £429m against £1,735m the previous year. The loss was largely due to a £470m portfolio valuation fall. The group’s portfolio is now worth £5.4bn, down 7.9%. […]

Barings Emerging EMEA Opportunities (BEMO) has announced that its board has further refined the fair value of all the remaining Russian investments held in BEMO’s portfolio in line with the evolving market situation. In calculating BEMO’s NAV as at 2 March 2022, the Board has reassessed its policy announced on 1 March 2022 to mark […]

Murray International (MYI) has published its annual results for the year ended 31 December 2021. During the period, MYI provided NAV and share price total returns of 14.1% and 7.2% respectively. The difference between the two reflecting a widening of the discount during the period. In comparison, MYI says that the UK Retail Price Index […]

In QuotedData’s morning briefing 4 March 2022: Fidelity International has announced that it is pulling the plug on investment in Russia and Belarus. Its statement reads as follows: Given the seriousness of events in Ukraine, Fidelity International has decided that it will not be investing in Russia and Belarus for the forseeable future. As such, […]

Tritax Big Box REIT’s development programme turbo-charged returns for the year to 31 December 2021. The group posted impressive gains in earnings, portfolio valuation uplifts and profit in the year. NAV total return for the year was a whopping 30.5%. Adjusted earnings per share was up 14.8% to 8.23p, while the group upped its dividend […]

HydrogenOne is investing £3.3m (NOK40m) in Gen2 Energy AS as part of a funding round expected to total at least NOK140m. With this purchase of a minority equity stake, HydrogenOne has the right to a board seat at Gen2, and the potential to co-invest in Gen2’s projects. Gen2 was established in 2019, with the ambition to […]

Schroder UK Public Private backs Epsilogen – Schroder UK Public Private Trust has made a £3.0m investment in a leading immunoglobulin E (“IgE”) antibodies developer, Epsilogen, as part of that company’s £30.75m Series B funding round. The funding round was led by a new investor, Novartis Venture Fund, and joined by new investors 3B Future […]

In QuotedData’s morning briefing 3 March 2022: MSCI has decided to remove Russian securities from its indices. MSCI Russia Indexes will be reclassified from Emerging Markets to Standalone Markets status. The reclassification decision will be implemented in one step across all MSCI Indexes, including standard, custom and derived indexes, at a price that is effectively […]

Workspace Group, the London flexible office provider, has agreed a deal to acquire McKay Securities, the listed property owner focused on offices and industrial in the South East, for £272m. Under the terms of the acquisition, each McKay shareholder will be entitled to receive 209 pence per share in cash and 0.115 new Workspace shares. […]

The logistics property sector can be a safe haven for investors in the face of the uncertainty caused by the war in Ukraine. That was the assessment made by an expert panel at the first leg of QuotedData’s Round the World webinar series focused on Europe. Russia’s invasion of Ukraine has seen heightened market volatility […]

80p dividend for Honeycomb shareholders ahead of merger – Honeycomb (HONY) has posted its full-year results for the 12 months to 31 December 2021. During the period its dividend yield remained at 8% while its NAV returned 8.5%. The group maintained its track record of investment performance with earnings of £30.3m and the portfolio remains stable, […]

Cordiant Global Agricultural Income targets $300m in new IPO – A new trust, Cordiant Global Agricultural Income, which aims to seek an attractive yield, with potential capital growth, by providing secured medium-term finance to the global agricultural sector, has announced its intention to float. The company will seek to promote more sustainable crop production and […]

In QuotedData’s morning briefing 2 March 2022: Apax Global Alpha (APAX) has posted its full-year results for the 12 months to 31 December 2021. During the period, its NAV return was 28.7% while a dividend of 12.33p per share was declared for the full year 2021, in line with the stated dividend policy of distributing […]

JPMorgan Russian loses another director – Ashley Dunster is standing down as a director of JPMorgan Russian with immediate effect. This follows close on from Tamara Sakovska’s decision to resign from the board on 24 February 2022. Ashley had been a director of the trust since November 2019. He was CIO of Capital Group’s private […]