Urban Logistics REIT has posted a 7.9% increase in EPRA net tangible assets (NTA) in interim results, boosted by strong demand for last mile logistics facilities. In the six months to September 2021, the group’s EPRA NTA leapt from 152.33p to 164.30p per share. This was mainly due to portfolio like-for-like valuation growth of 11.3% […]

Home REIT has posted a 7.2% increase in NAV in its maiden annual results.  The NAV and EPRA net tangible asset (NTA) per share increased to 105.0p at 31 August 2021, an increase of 7.2% from the 98.0p (after share issue expenses) at the time of the company’s IPO in October 2020, reflecting the discount […]

Low Chinese exposure helped Schroder Oriental – Schroder Oriental Income Fund has published results for the year ended 31 August 2021. The company beat its benchmark by a decent margin over the period, producing an NAV return of 21.9% against that the MSCI Pacific ex Japan Index’s 12.3%. The dividend is 10.5p, up from 10.3p last […]

In QuotedData’s morning briefing 11 November 2021: Third Point Investors (TPOU) looks sets to benefit from the IPO of Rivian Automotive. It invested $10m in the electric vehicle maker in January 2021, followed by a subsequent $167m investment in the company’s convertible note financing in July 2021. Third Point added to its position in the […]

Aberdeen Latin American Income dips into revenue reserves – Aberdeen Latin American Income (ALAI) has posted its annual results for the year to 31 August 2021. During the period its NAV total return was 17.4% while its share price total return was 20.9%. This compares with a benchmark return of 17.5%. The earnings per share […]

In QuotedData’s morning briefing 10 November 2021: Syncona (SYNC) portfolio company Freeline Therapeutics Holdings has announced new data from its ongoing Phase I/II MARVEL-1 dose-finding clinical trial of FLT190 for the treatment of Fabry disease. According to the clincical-stage biotech company, a second patient dosed in Phase I/II trial for Fabry disease has generated encouraging […]

In QuotedData’s morning briefing 9 November 2021: AVI Global (AGT)’s asset manager says that “it and three other shareholders collectively owning over 18 per cent. of the ordinary shares requisitioned the [Third Point Investors (TPIL)] board on 2 November 2021 to convene an extraordinary general meeting (EGM) of TPIL at which shareholders will be asked […]

Civitas Social Housing’s net asset value (NAV) has nudged up slightly in the quarter to 30 September 2021. The group reported an IFRS NAV of 108.49p (up from 108.42p on 30 June 2021). New investments have been limited to just one in the quarter, mainly due to an attack on the company by an activist […]

Sirius Real Estate, the German business park owner, has announced a proposed capital raise of £135m to part fund the acquisition of UK flexible workspace provider BizSpace for £245m. Sirius said it believes the acquisition of BizSpace “represents a highly attractive and strategically important opportunity that allows Sirius to enter, at scale, an under-served wider […]

Huge gains for Fidelity Special Values as ‘fundamentals look very good’ – Fidelity Special Values (FSV) has posted its annual results for the 12 months to 31 August 2021. During the period under review, its NAV increased by 56.2% while its share price was up 73.8%, both significantly outperforming its benchmark index return of 26.9%. […]

Scottish Mortgage boosted by healthcare and technology performance – Scottish Mortgage (SMT) has published its results for the six months to 30 September 2021. During the period, its NAV increased by 16% from 1,195.1p per share to 1,381.1p per share, compared to a 9% increase in its index. Meanwhile the board has recommended an interim […]

VH Global Sustainable Energy Opportunities seeks to raise £258m – VH Global Sustainable Energy Opportunities (GSEO) has announced plans to raise new capital under its placing programme, through the placing of new Ordinary Shares at a price of 101.5 pence. GSEO intends to use the proceeds of the Placing to fund the continued deployment into […]

In QuotedData’s morning briefing 8 November 2021: HICL Infrastructure (HICL) has acquired, indirectly, a 33.3% interest in Road Management Group, a holding company which comprises two UK shadow toll roads: the A417/A419 Swindon-Gloucester and the A1(M) Alconbury-Peterborough. The interest was acquired from Abertis Infraestructuras for a combined consideration of up to £34.4m. This investment will be funded by […]

Over 70% of Aberdeen New Thai shares opted for cash – In advance of the planned combination of the assets of Aberdeen New Thai with abrdn China Investment Company. shareholders in Aberdeen New Thai have made the following elections (including deemed elections – eligible shareholders that made no election were deemed to have elected for […]

Harmony Energy Income Trust Plc (HEIT) has announced the results of its IPO, which has raised gross proceeds of £210m. The Initial Issue has raised gross proceeds of £186.5 million through the Placing and Offer for Subscription and the Company has issued c. 23.5 million Ordinary Shares in connection with the acquisition of the Seed […]

Industrials REIT has acquired three multi-let industrial (MLI) estates, as it nears its target of being a fully focused MLI REIT by 31 March 2022. The three estates, in Birkenhead, Coatbridge, and Stockton on Tees, have been purchased in separate transactions for a total consideration of £18m, reflecting a blended net initial yield of 7.1% and […]

Urban Logistics REIT has acquired three assets for a total of £29.0m at a blended net initial yield (NIY) of 6.7%, as it continues deployment of its recent equity raise. The assets include two income producing assets providing immediate additional revenue and the forward funding of a development project. As a result Urban Logistics has […]

The board of Gresham House Strategic (GHS) has provided an update following the requisition request by Gresham House Plc (GHE) dated 14 October 2021. To summarise, GHE has irrevocable undertakings that, when combined with its own holding, amount to 46.8% of GHS’s issued share capital and so its board has concluded that the resolutions will […]

BlackRock Greater Europe (BRGE) has announced its annual results for the year ended 31 August 2021, which its chairman, Eric Sanderson, describes as having been a very successful one, with regard to excellent absolute returns and also relative to BRGE’s reference index, which he says has resulted in significant demand for BRGE shares. Since the […]

In QuotedData’s morning briefing 5 November 2021: Hg has announced an additional investment into Litera, that will result in HgCapital Trust (HGT) investing approximately £28.2 million in Litera, alongside other institutional clients of Hg. The latest transaction represents an uplift on HGT’s current investment in Litera of £48.0 million (68%) or 10.8 pence per share […]

Derwent London has exchanged contracts to acquire Conoco House and Quadrant House at 230 Blackfriars Road, SE1 in Southwark, for £55.0m. It has bought the 100-year leasehold interest in the property, where the ground rent is fixed at £5,000 per annum. Conoco House, a 1970s office building comprising 60,300 sq ft, is multi-let at a […]

New Asian renewables fund – ThomasLloyd Energy Impact ThomasLloyd Energy Impact Trust (TLEI) is aiming to raise up to $340m for a new fund established to invest in a diversified portfolio of unlisted sustainable energy infrastructure assets in fast-growing and emerging economies in Asia. There will be a placing, offer for subscription and intermediaries offer […]

Syncona backs launch of Clade Therapeutics – Syncona was the lead investor in the $87m Series A financing of Clade Therapeutics, a new cell therapy company. Syncona’s commitment was $30m and the first tranche of that  – $15.0m – has been invested already. Syncona’s stake in the company is 22.6% (assuming all commitments are invested). […]

In QuotedData’s morning briefing 4 November 2021: Tufton Oceanic (SHIP) plans to issue up to 28,057,140 shares at $1.39 via a placing. The money raised will be used to fund the purchase of additional ships. The number of shares is 10% of the existing issued share capital. The issue price is 1.4% discount to the […]

Land Securities (LAND) has acquired a 75% stake in MediaCity, the 37 acre media, digital and tech hub home to the BBC in Salford, Greater Manchester, for £425.6m. The site was previously owned by a 50:50 joint venture between Legal & General and Peel L&P. Landsec will partner with Peel L&P who will retain a […]

In QuotedData’s morning briefing 3 November 2021: Riverstone Credit Opportunities Income (RCOI) has exited its holding in Project Mirror Realisation. RCOI committed $6.9m on 28 December 2020 to the first-lien community solar development company, before fully refinancing this loan with a new source of financing, resulting in a 36% realised IRR and 1.27x realised MOIC. […]

Atrato Onsite Energy has published its prospectus You can access this here Application forms are towards the back of the document. Access to the IPO is restricted by geography. In particular, you should not be accessing this from the USA. Please ensure that you read the prospectus including the risk warnings before making an investment. ROOF […]