NB Private Equity delivered an NAV return of 45.1% over 2021 helped by its underlying investments generating 27% sales growth and 28% growth in EBITDA. $401m wort of realisations were achieved from the portfolio. Shareholders made a whopping 65% return, helped by a narrowing discount, and have made 500% over the past 10 years, over […]
In QuotedData’s morning briefing 26 April 2022: NextEnergy Solar Fund (NESF) has selected North Norfolk solar farm as the site for its first co-located battery storage project. The existing 11MW solar farm will sit alongside a 6MW/12MWh battery system. Planning permission for the co-located battery system has been secured, with construction expected to commence on […]
The Master Investor Show is the UK’s leading event for private investors. The 2022 event, hosted on 19 March 2022 in London, featured presentations from renowned investment experts and corporations, as well as a wide variety of exhibiting companies covering all asset classes and services relevant to private investors. QuotedData joined the Master Investor Show […]
Urban Logistics REIT has bought a further £45m of assets as it continues to deploy the funds of its December 2021 fundraise. The company has acquired the East Midlands Logistics Hub for £40.7m at a net inital yield of 6.8%. The property consists of a 72-acre site with four logistics units totalling more than 670,000 […]
British Land has agreed a deal to sell a 75% stake in its Paddington Central assets to GIC for £694m. The transaction establishes a new joint venture with ownership split 75:25 for GIC and British Land respectively. The price paid is 1% below September 2021 book value and represents a net initial yield of 4.5%. […]
In QuotedData’s morning briefing 25 April 2022: Digital 9 Infrastructure (DGI9) has signed a sale and purchase agreement for the acquisition of Nordic data centre and cloud services provider, Ficolo Oy for a total consideration of €135m. The acquisition is expected to complete later this year following customary regulatory approval. It builds upon DGI9’s strong […]
It is no secret that the US is the biggest player in the technology space, with a market value of about $1.5trn compared to a global market value of around $5.2trn. The country is home to some of the biggest tech firms in the world and probably the next generation of them with almost 500,000 […]
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: • Aquila Energy Efficiency • Petershill Partners • NextEnergy Solar This week’s interview was with Viktor Szabó from abrdn Latin American Income Fund – watch […]
abrdn European Logistics Income has reported NAV total return in 2021 of 12.4%, as the European logistics sector continues to benefit from a supply-demand imbalance. The group’s NAV increased 7.5% to €1.29 per share, while it paid out dividends in the year of 5.64 euro cents. IFRS earnings were 15.4 euro cents per share for […]
In QuotedData’s morning briefing 22 April 2022: Asia Dragon (DGN) has published its interim results for the six months ended 28 February 2022. During the period, DGN delivered an NAV total return of -7.7% in sterling terms, outperforming the -8.1% fall in the benchmark, the MSCI AC Asia Pacific (ex Japan) Index (also in sterling […]
This morning, Pershing Square published the following letter to its investors. Dear Pershing Square Investor: Today, we sold our investment in Netflix, which we purchased earlier this year. The loss on our investment reduced the Pershing Square Funds’ year-to-date returns by four percentage points. Reflecting this loss, as of today’s close, the Pershing Square Funds […]
Schroder UK Public Private says that over the course of 2021, it generated an NAV total return of 37.4%. However, the share price rose by just 6.8%. The board is considering its options to narrow the discount, including using share buybacks. More cash is available to fund these now – gearing was cut over the […]
Invesco Perpetual UK Smaller Companies says that for the year ended 31 January 2022 the trust returned +18.8% in NAV terms, outperforming its benchmark index, the Numis Smaller Companies (excluding Investment Companies) Index, which returned +15.1%. Shareholders did even better, with a return for the year of 21.9%. That has reversed a little since – […]
Menhaden Resource Efficiency reports an NAV return for 2021 of 17.3% and a share price return of 13.0%. The discount widened to 28%, but the board is resisting share buybacks and instead hopes to narrow this by marketing the trust. There is a 0.2p dividend, enough to satisfy the minimum requirement to maintain investment trust […]
Warehouse REIT has exchanged contracts to acquire an industrial estate in Milton Keynes for £62m, reflecting a net initial yield of 4%. The multi-let Bradwell Abbey Industrial Estate totals 335,000 sq ft across 69 units and is located just off the A5, and close to the M1 motorway. The estate is currently 96% let to […]
RM Infrastructure Income’s results for 2021 show an NAV total return for the year of 7.6% and a return to shareholders of 16.7%. Dividends for the year totalled 6.5p. The overall portfolio size remained largely unchanged during the year, closing at £130.8m across 34 loans and one wholly owned asset. Eight new loans were made […]
NB Global Monthly Income Fund has published results for the year ended 31 December 2021. Over the year, the share price total return was 14.1% and the NAV total return 5.9%. As of 31 December 2021, the portfolio’s gross yield was 6.3%, and the gross yield to maturity was 6.6%. A monthly dividend of 0.39p was paid […]
Aquila Energy Efficiency wants to push on – the company has concluded its strategic review and the board has decided that “whilst certain changes are required to enable the investment adviser to execute on the company’s investment strategy, the market opportunity for energy efficiency investments located in Europe remains attractive, particularly in the context of […]
In QuotedData’s morning briefing 21 April 2022 the news is dominated by annual results, but we also have: An unusual advance on the sale proceeds of Infrastructure India’s (IIP) wind farm assets – the buyer AVSR Constructions is supposed to pay INR 550m (approximately £5.5m), but the seller is yet to satisfy all the conditions […]
Good maiden results for Petershill Partners – Petershill Partners (PHLL) has posted its maiden final results for the period from 24 March 2021 to 31 December 2021. The company raised $720m (net of share issue costs) at its IPO last year and the board has announced plans to launch a share buyback programme of up […]
In QuotedData’s morning briefing 20 April 2022: abrdn China has entered into a £15m unsecured multicurrency revolving loan facility with Industrial and Commercial Bank of China, London Branch for a two year period. The facility will be utilised for general working capital purposes and for the acquisition of new investments. Under the terms of the […]
BMO Commercial Property Trust will change its name to Balanced Commercial Property Trust following the sale of its manager’s business from Bank of Montreal (BMO) to Ameriprise Financial, parent company of Columbia Threadneedle. The announcement was made in the group’s annual results where it delivered a net asset value (NAV) total return for 2021 of […]
Ecofin US Renewables has published its first set of results which cover the period from when it was incorporated on 12 August 2020 through its listing on 22 December 2020 and up to the end of December 2021. Since IPO, the trust has returned 2.8% in NAV terms and 0.8% in share price terms. The […]
In QuotedData’s morning briefing 19 April 2022: Baker Steel Resources (BSRT) reports that its NAV total return for 2021 was 1.2%, behind the 5% return on its EMIX Global Mining benchmark. Although two core investments, Tungsten West and Silver X listed during the year, it did not monetise either of these investments and therefore did […]
Impact Healthcare REIT has recently exchanged contracts to acquire three purpose-built care homes in and around Glasgow. The homes are let to Silverline, which was already a tenant in the portfolio. The purchase price is £8.1m (plus transaction costs). The initial annual rent has been agreed at £627,750, reflecting an accretive gross initial yield of […]
RTW Venture Fund notes that LENZ Therapeutics has entered into an exclusive license agreement with Ji Xing Pharmaceuticals to develop and commercialize LNZ100 (aceclidine) and LNZ101 (aceclidine + brimonidine) for the treatment of presbyopia (the loss of reading vision due to age) in Greater China. RTW Investments, LP (the investment manager) has invested $10m on […]
UK Commercial Property REIT’s results for 2021 show the company generating an NAV return of 21.5% for the year (well up on 2020’s -0.9% following the effects of COVID). A 21.4% return on the portfolio was well ahead of the 16.8% return generated by the company’s MSCI benchmark. Returns were helped by much better rent […]
Fair Oaks Income has published results for the year ended 31 December 2021. On 19 April 2021, the company announced the result of its reorganisation proposal. 62,562,883 2017 shares had been elected for re-designation as realisation shares and 405,815,477 2017 shares were re-designated as 2021 Shares (86.6% of the 2017 shares in issue, including 650,000 […]
NextEnergy Solar Fund says that it is targeting a dividend of 7.52p for the financial year ended 31 March 2023, up 5% from the target for FY22 of 7.16p. The increase is higher than the rate of inflation over the course of 2021 (4.1%) and the biggest dividend increase announced by any of the UK-listed […]
In QuotedData’s morning briefing 14 April 2022: Jupiter Emerging and Frontier Income Trust’s (JEFI) board has looked at the candidates available for a rollover option and decided not to offer any of them. Shareholders will receive cash instead. A proposal to wind up the company will be put to a vote shortly – expect to […]
