In QuotedData’s morning briefing 8 October 2021: Biopharma Credit’s listing on the International Stock Exchange (TISE) has been cancelled with effect from today. Marwyn Value Investors (MVI) has announced its results from the Zegona tender offer (previously announced on 8 September – click here to read more). In summary, the Marwyn Funds were able to […]
In QuotedData’s morning briefing 7 October 2021: JZ Capital Partners has agreed with its existing senior lenders to borrow a further amount of $16.0m under its senior secured debt facility. This is a ‘first out loan’ which means it gets repaid first as the company frees up cash from its portfolio. The interest rate is […]
Bitcoin behind another good year for cautious Ruffer – Ruffer Investment Company (RICA) has published its full-year results for the 12 months to 30 June 2021. During the period, its NAV total return was 15.3%, while its share price total return was 19.5%. The NAV return was boosted by the 1.5% discount moving to a […]
In QuotedData’s morning briefing 6 October 2021: Apax X, of which Apax Global Alpha (APAX) is a limited partner, has signed a definitive agreement to acquire a majority ownership stake in Eating Recovery Center, a leading provider of eating disorder and mood and anxiety treatment in the US, in partnership with Oak HC/FT and management. […]
For the 12 months ended 31 July 2021, Henderson Eurotrust generated a share price total return of 25.8% and an NAV total return of 22.3%. These lagged the return on the company’s benchmark, the FTSE World Europe (ex UK) Index which returned 26.6%. The dividend is being maintained at 25.0p using £1.8m (based on the […]
Fidelity Emerging manager welcomes investors Fidleity Emerging has published this introductory letter. Dear Shareholders and potential investors, Following the EGM held on Friday, Chris Tennant (Co-Portfolio Manager) and I, are delighted to have been asked to take over the management of the newly named Fidelity Emerging Markets Limited (“FEML”). We would like to thank you […]
Bluefield Solar pushing ahead with subsidy-free development as it announces fairly solid results in what was a turbulent year. Bluefield Solar has published its annual results covering the 12-month period ended 30 June 2021. At the year end the NAV was 115.83p down from 117.01p a year earlier. The share price fell from 134.5p to […]
Schroder British Opportunities off to a good start – Schroder British Opportunities Trust, managed by Rory Bateman and Tim Creed, has published its first results, covering the period from its incorporation on 21 September 2020 to 30 June 2021. The trust has got off to a good start with NAV growth of 10.6% over the seven […]
In QuotedData’s morning briefing 5 October 2021: Following shareholder approval, BioPharma Credit (BPCR) is transferring to a listing on the Official List of the Financial Conduct Authority and to trading on the Premium Segment of London Stock Exchange’s Main Market. It has also created a sterling line of stock – ticker BPCP – which will […]
Greencoat Renewables announces expansion programme – Greencoat Renewables has announced a 12-month share issuance programme of up to 400m new shares. These may be issued in a number of tranches. The proceeds will be used to pursue a growing pipeline of opportunities in continental Europe and Ireland. Today, it has launched an initial placing at €1.11 […]
Schroders and SEGRO swap property – SEGRO and Schroders have completed a property swap transaction in which SEGRO has acquired from Schroders a 256,000 sq ft urban warehouse estate in West London for £140m and Schroders has acquired from SEGRO a portfolio of UK big box and urban assets totalling 880,000 sq ft for £205m. The […]
In QuotedData’s morning briefing 4 October 2021: Seed Innovations (SEED) has invested a further £150,000 in South West Brands, a London-based company seeking to establish itself as a multi-brand consumer goods group developed specifically for the CBD industry. The investment is by way of a second 12-month, 8% convertible loan note as part of a […]
The drivers that have led to the current energy crisis have been clearly visible for some time and reflect a number of long-term structural challenges that we face. Chief amongst these is climate change and the need to decarbonise but related to this are issues of energy security; the intermittency of renewables; battery technology that […]
QuotedData’s weekly news show 1 October 2021 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: • Vietnam Holding • Indian funds • Bits and pieces This week’s interview was with Tim Creed of […]
With the re-opening of the economy seeing consumers return to physical retail and the important role stores play in omnichannel retail strategies becoming more apparent, is now the time to look at retail again? Pricing has already started to recover in the retail park segment of the market (where investor appetite is strong for reasons […]
JPMorgan Global Growth & Income (JGGI) has published its annual results for the year ended 30n June 2021, which its chairman, Nigel Wightman, describes as “another very satisfactory year for the Company”. During the year, the company’s benchmark, the MSCI AC World Index expressed in sterling, rose by 24.6%. JGGI’s returns were considerably better – […]
JPEL Private Equity (JPEL) has published its annual results for the 12 months ended 30 June 2021. During the year, JPEL’s NAV per US$ Equity Share increased 26.1%, to $2.03 from $1.61. JPEL’s NAV was positively affected by two of its largest underlying portfolio company investments, being MBI Holdings (MBI) and Milestone Investisseurs 2014 SLP’s […]
Vietnam Holding (VNH) has published its annual results for the year ended 30 June 2021 and is now approaching the 15th anniversary of both its incorporation and its listing in London, having provided what its chairman, Hiroshi Funaki, describes as one of the most robust performances in the Company’s history. In the first half of […]
In QuotedData’s morning briefing 1 October 2021: SDCL Energy Efficiency Income (SDCL) has announced that it has acquired the remaining 35% equity interest that it did not already own in Primary Energy, a portfolio of recycled energy and cogeneration projects servicing the steel industry, located in Indiana, USA. The interest was acquired from a consortium […]
Alternative Income REIT (AIRE) has reported a 2.4% uplift in net asset value (NAV) in full year results to the end of June 2021. NAV increased to 85.58p per share (from 83.58p) thanks to a 4.3% uplift in the valuation of its long-income property portfolio to £109.23m. EPRA earnings for the year were 5.55p per […]
Strategic Equity Capital focused on discount narrowing Strategic Equity Capital generated a return on NAV of 46.8% for the 12 months ended 30 June 2021 and a return to shareholders of 59.9% as its discount narrowed. The FTSE Small Cap ex Investment Trusts Index increased by 65.2%. The majority of the relative NAV underperformance was […]
Ashoka India benefits from India’s resurgence – Over the year ended 30 June 2021, Ashoka India Equity Investment Trust returned 52.6% in NAV terms, outperforming its benchmark index, the MSCI India IMI, which returned 45.2%. The share price stood at 162.5p at the year end, a 2.3% premium to NAV. As at 28 September 2021, the […]
JPMorgan Emerging Markets extends record of outperformance – over the 12 months ended 30 June 2021, the trust’s return to shareholders was 36.2% and the return on net assets 32.7%. This compares to 26.0% for the MSCI Emerging Markets index. The chairman notes that most of the outperformance came in the first half of the […]
In QuotedData’s morning briefing 30 September 2021: International Public Partnerships (INPP) says its £40m investment in the Rampion OFTO project looks likely to complete in November after Ofgem approved it on Tuesday. The project relates to the transmission cable connection to the Rampion offshore wind farm located 13km off the Sussex coast. The wind farm […]
Aberdeen Standard European Logistics Income (ASLI) has raised £125m in a significantly oversubscribed issue. A total of 114.7 million new shares will be issued at a price of 109.0p. The board said despite the oversubscription, a scaling back exercise had to be undertaken with investor demand substantially exceeding £125m. Tony Roper, chairman, said: “The very […]
Downing Renewables & Infrastructure announces placing to raise £25m – Downing Renewables & Infrastructure has announced its intention to raise new capital by conducting a placing of up to 24,499,999 new ordinary shares of £0.01 each at a price of 102.50 pence per share to raise up to around £25m. The price of 102.50 pence […]
India Capital Growth posts strong results ahead of first redemption vote – India Capital Growth (IGC) has published its interim results for the six months to 30 June 2021, during which time its share price rose by 31.7% and its NAV increased by 25.1%, outperforming the BSE Midcap TR Index by 2.9%. However, IGC is […]
In QuotedData’s morning briefing 29 September 2021: Digital 9 Infrastructure (DGI9) has decided to increase the amount raised for its placing from £200m to £275m due to a significant oversubscription. A number of directors and members of the investment management team of DGI9 were among the biggest subscribers. 255,813,953 new ordinary shares will be issued […]
Round Hill Music buys O’Jays catalogue – Round Hill Music Royalty Fund has acquired 100% of the master royalty income of 532 original recordings from the American classic R&B group, The O’Jays. Highlights: the catalogue comprises 532 original recordings, including hits such as “Love Train“, “Use Ta Be My Girl“, “Cry Together“, “Back Stabbers“, “For The […]
In QuotedData’s morning briefing 28 September 2021: Over the six months ended 31 July 2021, North American Income Trust (NAIT) beat its benchmark by 2.2%, producing a return on NAV of 19.8% against 17.6% for the Russell 1000 Index. The statement says that “This was mainly attributable to the positioning in the technology sector, as […]
