JLEN Environmental Assets Group (JLEN) has announced that it has raised £60.7m through the placing and offer for subscription that it previously announced on 12 January 2022. The Issue was significantly oversubscribed, in both the placing and offer for subscription, and JLEN intends to use the net proceeds of the Issue to repay its credit […]
In QuotedData’s morning briefing 28 January 2022: Fondul Proprietatea (Ticker: FP.) has announced that the buyback programme that was approved by shareholders at the EGM on 5 December 2021 will start on 31 January 2022. The programme can repurchase up to 800m shares and lasts until 31 December 2022. All repurchased shares are to be […]
RTW Venture Fund has announced that it participated in an $85m Series B funding round for Kyverna Therapeutics, Inc. on 26 January. RTW invested alongside other investment vehicles of RTW Investments, LP (the investment manager) as well as other investors. Kyverna is a privately held cell therapy company engineering a new class of therapies for […]
Record results from Standard Life Private Equity – Standard Life Private Equity has announced results for the year ended 30 September 2021. The figures are good – an NAV return of 37.9% (the best in the trust’s 20-year history) and a whopping 60.6% share price return as the discount narrowed significantly. Both of these figures were […]
In QuotedData’s morning briefing 27 January 2022: ICG Enterprise Trust (ICGT) is investing in Brooks Automation alongside funds advised by Thomas H. Lee Partners. The trust has an investment in THL Fund IX and will have exposure to the deal that way, but it will also make a direct investment in Brook Automation. Altogether – […]
Another strong year for Chrysalis as it doubles in size – Chrysalis Investments (CHRY) has posted its annual results for the year ended 30 September 2021, during which time its share price increased by 84% and its NAV per share increased by 57%. Total net assets rose by 154% from £542m to £1.4m over the […]
Polar Capital Global Financials back for more money – Polar Capital Global Financials (PCFT) plans to raise additional equity capital through the issue of new ordinary shares via its placing programme. The new shares will be issued at a price which will be published on the day following the closing date of the placing, set […]
Another £300m for 2021’s IPO stars Digital 9 Infrastructure and Cordiant Digital Infrastructure – Digital 9 Infrastructure (DGI9) and Cordiant Digital Infrastructure (CORD), both of which only launched in March last year before going on to raise further funds during 2021, have raised almost £300m between them via their respective placing programmes. Digital 9 Infrastructure […]
In QuotedData’s morning briefing 26 January 2022: Henderson Smaller Companies (HSL) has posted its interim results for the six months to 30 November 2021. During the period under review, the trust delivered a NAV total return of -2.1% and a share price return of -7.9%. This compares with a -2.8% return from its benchmark. Despite […]
JPMorgan Russian narrowly avoids need for tender – JPMorgan Russian Securities has published results for the 12-month period ended 31 October 2021. Over that period, the return on a net assets basis was +61.0%, and +65.8%, on a return to shareholder basis – good but underperforming the company’s benchmark by 9.3% and 4.5% respectively. The dividend […]
Home REIT has now fully deployed the £350m it raised in September 2021, with £55.1m of new acquisitions. The company has announced the acquisition of 240 additional properties, providing 880 beds for homeless people, bringing the portfolio total to 7,953. The properties were acquired at a weighted average net initial yield of 5.9% and are […]
Good progress at Foresight Sustainable Forestry – The purchase of Foresight Sustainable Forestry’s seed assets portfolio is said to be progressing and is expected to complete next month. The line-up of assets that the fund plans to buy has been tweaked so that the portfolio should comprise 26 assets in total (covering 8,000 hectares) including […]
In QuotedData’s morning briefing 25 January 2022: JPMorgan European has secured permission from investors to merge the growth (JETG) and income (JETI) share pools. The unification will create a single class of ordinary shares, which will each have an NAV of 100p as determined at 5:00 p.m. on 31 January 2022. The resulting number of […]
Invesco Asia hires new co-manager as it reflects on a tough six months – Invesco Asia (IAT) has appointed Fiona Yang as co-manager of the trust alongside Ian Hargreaves, with immediate effect. Fiona joined Invesco in August 2017 and manages Invesco’s Asian Equity Income Fund while covering the entire Asia ex-Japan region with particular expertise […]
In QuotedData’s morning briefing 24 January 2022 Digital 9 Infrastructure (DGI9) will hold a general meeting on 14 February to ask shareholders to consider, and if thought fit, approve the amendment to the company’s investment policy. It is proposed that the existing policy is amended, inter alia, by replacing the size restriction and change the […]
QuotedData’s weekly news show 21st January 2022 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 Matthew Read covered the week’s top stories: • Bluefield Solar – sunny outlook • Ruffer – doom and gloom This week’s interview […]
It might be too late to start an email with ‘Happy New Year’ now but coming to your inboxes early next week will be our annual review of the investment trust world in 2021. We won’t give you too many spoilers, but it would be rude not to share a few snippets early. It was […]
With valuations in biotech having fallen substantially in the last year, BB Biotech (SWX: BION) sees compelling opportunities in the small-to-mid cap space this year and believes some of its core portfolio companies, such as Neurocrine, Incyte and Ionis Pharmaceuticals, could see interest from strategic investors, including as M&A targets. The comments come in the […]
Downing Renewables & Infrastructure (DORE) has announced that it has exchanged contracts to acquire two operational portfolios of hydropower plants located in central Sweden for a total consideration of approximately €25m. The first is a circa 12 GWh portfolio of hydropower plants from ÄSI Kraft AB located in the SE3 electricity pricing zone for approximately […]
Polar Capital Global Financials Trust (PCFT) has announced today (21st January 2021) that it is considering an equity issue under its placing programme. There is currently strong interest in the financials sector and, reflecting this, strong demand for PCFT’s shares. Since 30 November 2020 to 20 January 2022, PCFT says that it has raised some […]
In QuotedData’s morning briefing 21 January 2022: Hg, the manager of HgCapital Trust (HGT) has announced that it is making an additional investment into Lyniate, which it describes as “a leader in healthcare data interoperability”. The terms of the transaction are not disclosed. The transaction will result in HGT investing approximately £8.1 million in Lyniate, […]
Bluefield buys Good Energy portfolio – Bluefield Solar has bought a 47.5 megawatt peak (MWp) operational solar and wind portfolio from Good Energy Group Plc (GOOD LN). The portfolio was bought for an initial equity consideration of £16.4m, which could rise to a total of £24.5m if a series of due diligence milestones are met […]
In QuotedData’s morning briefing 20 January 2022: Fondul Proprietatea (FP.) has sold 2,275,000,000 shares that it held in the Romanian energy business, OMV Petrom. The deal was done using an accelerated bookbuild offering at RON0.43 /share. The gross proceeds were RON978,250,000 (£164.8m) and will be used to fund the buyback programme and the payment of […]
AVI calls for review and appointment of new independent director in latest saga with Third Point – Asset Value Investors, manager of the AVI Global Trust (AGT), and three other shareholders representing over 18% of Third Point Investors Limited (TPIL) ordinary shares, have requisitioned the board of TPIL to convene an EGM at which shareholders […]
Management shake-up at JPMorgan Japan Small Cap Growth & Income as Saito departs – JPMorgan Japan Small Cap Growth & Income’s (JSGI) manager, Eiji Saito, will be leaving JPMorgan after 18 years’ service. He has made the decision to leave the industry after 26 years to return to university and pursue a degree in law. […]
In QuotedData’s morning briefing 19 January 2022: Harmony Energy Income (HEIT) has announced that construction for one of its seed portfolio projects, Pillswood, continues to progress well and that remaining seed projects are to commence construction with the planned timetable. The planning consent for the advanced project is now expected to be in February 2022, […]
LXi REIT is looking to raise £125m in a proposed issue of new ordinary shares through a subsequent placing, open offer, offer for subscription and intermediaries offer under its share issuance programme. The group will target the issue of 88,261,608 new shares at an issue price of 142 pence, representing a premium of 2.9% to […]
In QuotedData’s morning briefing 18 January 2022: TR European Growth Trust (TRG) is changing its name. With effect from 17 January 2022, the trust is now The European Smaller Companies Trust. The ticker will change to ESCT from tomorrow. [And so a chapter of investment trust history edges closer to closure. The TR (short for […]
BB Biotech (SWX: BION) seems to be resilient in the current challenging period for biotech investing and most especially in the last week, which ranks as one of the most important trading periods in the biotech calendar. The Swiss investment company saw a 0.8% fall in its NAV in the five days from January 10-14th […]
BMO Commercial Property Trust has bought two logistics assets for £66m and committed to two developments within its existing portfolio at a cost of £10.5m. These initiatives are in line with the group’s strategy of recycling capital into the industrial and logistics sector and follows the sale of its second largest asset – Cassini House, […]
