Gresham House Energy Storage raises £100m to fund pipeline projects – Gresham House Energy Storage (GRID) has raised gross proceeds of £100m through the issue of 89,285,714 ordinary shares of 1p per share following a placing announced earlier this month. The placing was significantly oversubscribed and a scaling back exercise was undertaken. GRID intends to […]
In QuotedData’s morning briefing 12 July 2021: JPMorgan Global Core Real Assets (JARA) has called and funded a further $10,051,474 of its committed capital. This was called by its global transport income strategy and completes the planned exposure to this sector, further increasing JARA’s dividend cover given the high yielding nature of the strategy. Following this, […]
Urban Logistics REIT has raised £108.3m in an equity raise. The group said the placing was materially oversubscribed above the £108m target and a scaling back exercise was carried out. A total of 65,870,766 placing shares (£102.1m) in the company have been conditionally placed at an issue price of 155 pence per share. Additionally, a total […]
The last few weeks have given English football fans – and probably non-football fans alike – a much-needed boost of energy and excitement after 18 months of on-and-off staying at home. After Wednesday’s Euro 2020 semi-final against Denmark, which saw England win 2-1 and make history by reaching its first major men’s final since 1966, […]
Yet more news of a potential takeover of a listed property company came to the fore this week, as private equity groups continue to circle the discounted real estate sector. Due to COVID uncertainty, many property companies have been trading at discounts to net asset value (NAV) for many months now. Despite the successful rollout […]
QuotedData’s weekly news show 9 July 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 and Richard Williams covered the week’s top stories: AVI/Third Point update HydrogenOne IPO GCP Student Living potential takeover Watch it again here This week’s […]
Atlantis Japan Growth (AJG) has announced its annual results for the year ended 30 April 2021., during which it significantly outperformed the TOPIX Total Return Index. During the year, AJG provided an NAV total return of 22.9% and a share price total return of 31.3%, both significantly ahead of those of the TOPIX Total Return […]
Augmentum Fintech (AUGM) has announced the results of its fundraising, which hit its expanded £55m target (originally the capital raise was going to target £40m but, reflecting strong interest and the strength of the company’s pipeline was subsequently extended to £55m). The raise has achieved gross proceeds of £55 million through the issue of 40,590,406 […]
TwentyFour Income Fund (TFIF) has announced its annual results for the year ended 31 March 2021, during which income to investors remained strong. Its NAV per share rose from 94.19p at the start of the year to 112.75p, for an NAV total return of 27.40%, while it paid a dividend of 1.9p to cover the […]
In QuotedData’s morning briefing 9 July 2021: RM Secured Direct Lending (RMDL) has announced that it has put in place an “Irrevocable Buy Back Programme” whereby its joint brokers (Singer Capital Markets Limited and Peel Hunt LLP) have been given authority to buy back the company’s ordinary shares (within certain pre-set parameters), should these trade at […]
Great Portland Estates signed lettings worth £12.7m of new annual rents in three months to the end of June, with further £14.9m under offer, it said in a trading update. The central London office developer’s chief executive Toby Courtauld said momentum was building. The new lettings, which included £8.0m of retail space, were 9.3% ahead […]
JPMorgan Global Core Real Assets hits dividend target despite underperformance – JPMorgan Global Core Real Assets (JARA) has published its full year results for the year to 28 February 2021. During the year, the NAV fell by 5.9% while the share price total return was also down by 1%. Having only IPO’d in 2019, the […]
In QuotedData’s morning briefing 8 July 2021: Dunedin Enterprise (DNE) has entered an agreement to realise its investment in UPOL, the manufacturer of automotive refinish products including body fillers, coatings, aerosols, polishing compounds and consumables. The transaction is subject to regulatory approval and is expected to complete in the second half of 2021. The investment was valued […]
BBGI Global Infrastructure agrees three social infrastructure investments and sets up £50m placing – BBGI Global Infrastructure (BBGI) has reached agreements to acquire stakes in three social infrastructure investments in the UK. They consist of a 33.33% interest in the Aberdeen Western Peripheral Route, a 100% interest in Ayrshire and Arran Hospital, and a 100% interest in […]
Octopus Renewables Infrastructure (ORIT) has raised £150m through its placing, open offer, offer for subscription, and intermediaries offer. The board increased the issue size from around £100m to around £150m on account of ORIT’s pipeline and demand from investors. Renewables continues to draw in capital Chris Gaydon, investment director at Octopus Renewables (ORIT’s manager), noted: “The team […]
In QuotedData’s morning briefing 7 July 2021 – KKV Secured Loan (KKVL) is to return £10.6m to ordinary shareholders and £9.7m to C shareholders. This return of capital will be effected by way of an issue of redeemable B and D shares to existing shareholders. FastForward Innovations (FFWD) topped up its investment in South West Brands with […]
HydrogenOne Capital Growth prospectus published – following on from yesterday’s intention to float announcement, HydrogenOne Capital Growth has today published a prospectus and, as usual, we are providing you with a link. As always, we are not recommending that you buy the shares. In fact we are not acting in any capacity with respect to […]
Henderson Diversified Income outlines new investment objective and policy – Henderson Diversified Income (HDIV) has released its full year results for the year to 30 April 2021, which includes details on its proposed new investment objective and policy, initiated by the regulatory requirement to transition away from LIBOR to alternative reference rates by the end […]
Sequoia Economic Infrastructure Income hits dividend target following challenging year – Sequoia Economics Infrastructure Income (SEQI) has published its results for the year ended 31 March, during which time it achieved a NAV total return of 13.5% and a share price total return of 17.4%. SEQI also hit its target of paying a fully cash-covered dividend […]
Miton UK Micro Cap publishes stellar results as pandemic offered greater potential for holdings – Miton UK Micro Cap (MINI) has revealed its full year results for the year to 30 April 2021, which saw its share price total return (including dividends reinvested) up by 141.5% and its NAV up from 51.33p to 104.83p, representing a […]
Artemis Alpha narrows discount by more than half during strong-performing year – Artemis Alpha (ATS) has released its full year results for the year to 30 April 2021, during which time it delivered a share price return of 81% and an NAV return of 56%. significantly outperforming its FTSE All-Share benchmark return of 26%. Over […]
In QuotedData’s morning briefing 6 July 2021: Chrysalis Investments (CHRY) has acquired a $67m investment in US based cybersecurity firm Deep Instinct. The investment consists of both an issuance of new equity and acquisition of shares from existing shareholders. The additional investment of new equity means Deep Instinct has raised approximately $240m to date. The investment represents a […]
AVI requisitions Third Point Investors meeting – AVI and three other shareholders in Third Point Investors Limited, who between them owning over 17% of Third Point, have today requisitioned the Third Point Investors’ board to convene an extraordinary general meeting. At the meeting, shareholders would vote on a resolution to change Third Point’s investment policy. AVI […]
Essa Pharmaceutials (Nasdaq: EPIX) and Moderna (MRNA) may have been the top performers within Swiss investment company BB Biotech’s (SIX:BION) 34-strong portfolio in the first half, sporting stock price rises of 137% and 124% respectively, but these gains are modest by comparison with some of the ones from within the wider world of biotech investing. […]
GCP Student Living on press speculation – GCP Student Living released the following announcement on Friday: “Further to the recent press speculation, the Board of GCP Student confirms that it has received a series of non-binding proposals for the entire issued and to be issued share capital of the Company, other than the shares held by funds […]
HydrogenOne Capital Growth (HGEN) announced its intention to launch an IPO, with a target raise of £250m via a placing, an offer for subscription and an intermediaries offer of ordinary shares of 1p each in the capital of the company at an issue price of 100p per ordinary share. If successful, HGEN will be the first London-listed investment fund […]
Hipgnosis Songs (SONG) announce final results for the year ended 31 March 2021, with the following operational and financial highlights: Operational highlights 84 Catalogues acquired for $1.089bn including Rock And Roll Hall of Fame inductees Neil Young, Lindsey Buckingham / Fleetwood Mac, Steve Winwood, Debbie Harry and Chris Stein / Blondie, and Chrissie Hynde / The Pretenders, […]
In QuotedData’s morning briefing 5 July 2021 – Fair Oaks Income (FAIR) announced that FOIF II LP (Master Fund II) has made two investments in the majority equity of new US CLOs. These investments reinvest the sale proceeds of CLO mezzanine debt which were acquired opportunistically in the spring of 2020. Both new CLOs include ESG-related […]
QuotedData’s weekly news show 2 July 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 and Jayna Rana covered the week’s top stories: Bluefield Solar Income Fund plan to buy 109 wind turbines Genesis Emerging Markets – Fidelity […]
There is a fair bit going on in the sector this week but I thought I would highlight the interim results from Polar Capital Global Financials Trust. We don’t always write about interims – six months’ worth of performance is a bit short-term to make a fuss about – but in this case we made […]
