Apax Global Alpha (AGA) has announced it expects to invest an additional c.€3m indirectly into WGSN, the consumer trend forecasting platform, following its acquisition of IWSR, a global provider of data and insights for the beverage alcohol industry. The acquisition was completed on 5 June 2025 by WGSN, a portfolio company of the Apax XI […]
In QuotedData’s morning briefing 6 June 2025, we have interim results from both abrdn Diversified Income and Growth and Barings Emerging EMEA Opportunities; a change in director responsibilities for Downing Renewables & Infrastructure; and circulars from Henderson Smaller Companies and JPMorgan Indian. We also have: Stories you may have missed from yesterday:
Head of Baillie Gifford’s Global Marketing, James Budden, argues that the investment trust sector is alive and well, especially for those who capitalise on discounts and their structural advantages. As with any investment, capital is at risk. Mark Twain famously said that reports of his death were an exaggeration. This line could have been applied […]
Student accommodation specialist Unite Group has tabled an offer for its smaller peer Empiric Student Property. Following media speculation, the board of Empiric confirmed that it received a non-binding proposal from Unite on 7 May and following a period of engagement received a revised offer on 29 May. That offer comprises 30p in cash and […]
Unite Students has sold a portfolio of nine student accommodation properties, comprising 3,656 beds, for £212m (Unite share: £140m) to an affiliate of Lone Star Funds. The disposal is part of the group’s strategy to increase alignment to high and mid-ranked universities and properties with the strongest prospects for sustainable long-term rental growth. The disposal […]
Workspace has outlined plans to boost demand for its flexible offices after reporting a decline in valuations across its portfolio in annual results to 31 March 2025. A disappointing year for the company saw the value of its portfolio fall 2.4% to £2,368m (-1.6% on a like-for-like basis). ERV was up just 1.0%, not enough […]
Portfolio Update ICEYE demonstrates huge strategic growth and momentum across global markets ICEYE continued to expand its global presence and strengthen its position as a leader in Synthetic Aperture Radar (SAR) satellite technology. Developments during May 2025 underscore the company’s growing role in defence, national security and commercial Earth observation: · Japan: In Japan, ICEYE and IHI […]
In QuotedData’s morning briefing 5 June 2025: Lindsell Train has a new director, JPMorgan Emerging Markets is concerned about its discount, and Cobalt Holdings has pulled its IPO. We also have Did you see from yesterday?
Warehouse REIT and Blackstone have agreed the terms of a recommended cash acquisition of Warehouse by the US private equity giant. Under the deal, shareholders would get 110.6p per share, including the 1.6p dividend paid in April. Blackstone had previously submitted a cash proposal of 115p per share in March, but following due diligence raised […]
Seraphim Space Investment Trust (SSIT) has reported results for the quarter ended 31 March 2025. While net asset value (NAV) per share edged down slightly by 0.3% to 100.78p, the underlying portfolio saw a 3.0% increase in value to £222.7m, reflecting solid commercial progress among key holdings. The quarter saw a £4.9m unrealised uplift in […]
Biotech Growth Trust (BIOG) has reported a disappointing set of annual results for the year ended 31 March 2025, with its net asset value (NAV) per share falling 24.4%, compared with a 6.0% decline for its benchmark, the NASDAQ Biotechnology Index (sterling-adjusted, total return). The trust’s share price fell 24.2%, closing the year on a […]
In QuotedData’s morning briefing 4 June 2025: We also have: Stories you may have missed from yesterday:
Oakley Capital Investments Limited reports that the Oakley Capital Origin Fund II is investing in Infravadis, a tech-enabled platform focused on the >€25bn European underground infrastructure maintenance market. The investment marks the first step in a buy-and-build strategy to create a category leader in an essential and highly fragmented sector. The trust’s indirect contribution to […]
In the face of a persistent discount [common to all renewable energy companies], Foresight Environmental Infrastructure’s board has talked to advisers and evaluated a full range of strategic alternatives for the company, including a managed wind-down, a targeted divestment approach, the continuation of the current investment strategy, and potential mergers and acquisitions. The board’s decision […]
NewRiver REIT has reported a 25% bump in income in annual results following the acquisition of Capital & Regional’s portfolio. The retail landlord said underlying funds from operations (UFFO) were £30.5m (8.1p per share) compared to £24.4m in 2024. The acquisition of Capital & Regional in December 2024 (for £151m) saw UFFO in the second […]
In QuotedData’s morning briefing 3 June 2025: Menhaden Resource Efficiency, abrdn Asia Focus, The Renewables Infrastructure Group, and Sirius Real Estate. we also have: did you see yesterday?
Sirius Real Estate (LSE: SRE), which operates branded business and industrial parks in Germany and the UK, has reported another strong year of performance for the 12 months to 31 March 2025, delivering its twelfth consecutive annual dividend increase and continuing to build scale through targeted acquisitions. The group’s funds from operations (FFO) increased by […]
Custodian Property Income REIT (LSE: CREI) has completed the £22.1m all-share acquisition of Merlin Properties Limited, a private family-owned property company. The transaction brings with it a £19.4m portfolio of 28 small regional UK assets and a further £2.7m in new-build housing stock, expected to be sold in the coming months. The acquisition, which adds […]
It was great this week to talk to three managers who are investing in UK small and medium-sized companies – if you missed it, you can watch the recording back here. Their message seems to be that portfolio companies are trading well, and coping with a macroeconomic environment that has at times been unhelpful, yet […]
Aberdeen has announced that Flavia Cheong, head of equities for Asia Pacific, will retire at the end of 2025 after a three-decade career with the business. Her departure follows a period that saw Aberdden grow from having a small regional presence into one of the most respected Asia equity managers in the market. She will […]
CT UK High Income Trust (CHI) has published its audited results for the year ended 31 March 2025, delivering another year of outperformance and a twelfth consecutive annual increase in distributions to shareholders. Over the financial year, the trust’s NAV total return was +13.5%, comfortably ahead of the FTSE All-Share Index’s +10.5% return. Share price […]
In QuotedData’s morning briefing 30 May 2025: We also have: Stories you may have missed from yesterday:
Colbalt Holdings published its prospectus on 27 May 2025 – you can access it through its website here. It is aiming to raise $230m, after fees, it would use most of the net proceeds to buy about 6,000 tonnes of cobalt. RetailBook is running a conditional retail offer of new ordinary shares in Cobalt Holdings. […]
Capital Gearing Trust’s results for the 12 months ended 31 March 2025 show a NAV return of 4.1% and share price return of 3.6%, which compares to inflation over that period of 2.6%. The discount widened slightly from 2.4% to 2.8%. The focus of the trust is on long-term returns. Over five years, the NAV […]
RM Infrastructure Income has been in a managed wind-down process since 20 December 2023. On 25 September 2024, a successful tender offer returned c.£17.5m to shareholders at 88.59 pence per share (the NAV on 30 August 2024). This represented 16.6% of the issued share capital. Today, the trust is launching a tender offer of up […]
Odyssean Investment Trust’s results for the year ended 31 March 2025 show a 10.7% fall in NAV and 13.5% fall in share price, and a shift from trading on a small premium to a small discount (2.5%). The returns fall short of the return on the Deutsche Numis Smaller Companies ex Investment Companies plus AIM […]
HarbourVest Gobal Private Equity says that, for the year ended 31 January 2025, it generated a NAV return (in dollars) of 7.3% and a share price return (in sterling) of 19.2% (as the discount narrowed from 42% to 35%). The trust announced a range of measures on 30 January 2025 that are aimed at narrowing […]
Shires Income has announced results covering the 12 month period that ended on 31 March 2025. The trust returned 9.5% in NAV terms and 22.4% in share price terms (as the discount narrowed from 13.3% to 3.7%). By contrast the return on the All-Share index benchmark was 10.5%. The full-year dividend of 14.8p matches Shires’ […]
JPMorgan Japanese has announced that Xuming Tao has been made a co-manager of the trust, working alongside the existing team of Nicholas Weindling and Miyako Urabe. Xuming has been a member of the Japanese equity team at JPMAM in Tokyo since 2019 and was a co-manager of JPMorgan Japan Small Cap Growth & Income before […]
