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 […]
Polar Capital Global Financials (PCFT) has released its interim results for the six months ended 31 May 2021, which its managers (Nick Brind, John Yakas & George Barrow) describe as an “excellent one for financials in both absolute terms and relative to wider equity markets”. The period saw a significant turnaround in sentiment towards the […]
In QuotedData’s morning briefing 2 July 2021: Chenavari Toro Income Fund (TORO) has released its interim results for the six months ended 31 March 2021 (click here to read the report). During the period, TORO provided an NAV total return of 12.27% and a share price total return of 18.51%. TORO declared two dividends in respect of the […]
International Public Partnerships acquires police headquarters project in Germany – International Public Partnerships (INPP) has reached financial close on a new police headquarters in South-East Hesse in Offenbach. INPP has invested €9.5m for a 45% shareholding in the project, which in December 2017, was awarded to a consortium comprising INPP Public Infrastructure Germany, Amber Infrastructure and […]
BH Macro issues prospectus and update on merger with BH Global – The board of BH Macro (BHMG) has published its prospectus regarding the issue of its shares pursuant to the proposed combination with BH Global (BHGG), the latter of which will take part in a scheme of reconstruction and winding up, as announced earlier […]
Gresham House Energy Storage acquires new projects and announces placing to take on more – Gresham House Energy Storage (GRID), has signed contracts for the acquisition of a further 425MW of projects from Gresham House Devco (the ‘current pipeline’) of which 275MW are proceeding into construction with commissioning targeted for Q1 2022 and the remaining 150MW […]
BB Biotech (SWX:BION) ended the first half with its shares up 22.2% and at CHF87 at the close yesterday, just 5% below their all-time high of CHF90 that was reached in February. The Swiss investment company’s net asset value grew by 8.9% in the first half to CHF73.1 per share, which seems to be a […]
Genesis Emerging Markets to appoint Fidelity as new manager – The board of Genesis Emerging Markets (GSS) has completed its extensive review of its management arrangements and has revealed that it intends to appoint Fidelity International as its new manager and to rename the trust as Fidelity Emerging Markets. The named managers will be Nick […]
In QuotedData’s morning briefing 1 July 2021 LXi REIT (LXI) has raised gross proceeds of £100m as part of its placing after announcing its intention to raise £75m on 24 June. The placing was significantly oversubscribed and therefore a scaling back exercise was implemented. A further £4m of gross proceeds pursuant to the PrimaryBid offer was […]
Solid results from Civitas Social Housing – Civitas Social Housing has published its full year results for the year ended 31 March 2021. Over that period, the IFRS NAV rose 0.4% to 108.3p. EPRA earnings per share were 6.5% higher at 4.93p and the company says that, at levels of investment at the year end, the […]
Urban Logistics is fundraising – Urban Logistics’ existing funds are fully invested or committed and the company has a strong pipeline of attractive off-market opportunities with a weighted average net initial yield of about 6.1% and average rent per square foot of about £5.40. On 9 June 2021 Urban Logistics said that its board aspires to […]
BlackRock North America sets out revised objective – yesterday, the board of BlackRock North American Income Trust published a shareholder circular setting out recommended proposals for the adoption of a new investment objective and investment policy, and notice of a general meeting of shareholders to approve this. The board says that it is keen that […]
In QuotedData’s morning briefing 30 June 2021: International Public Partnerships is looking to raise money by issuing shares at 165p, a 15% premium to the end December 2020 NAV (adjusted for the 3.68p dividend declared since). The company has £56m of drawings on its debt facility and upcoming investments worth about £100m, including its investment in […]
Tech and healthcare exposure boosts performance for Standard Life Private Equity – Standard Life Private Equity (SLPE) has released its half-year report for the six months to 31 March 2021, during which time the trust’s NAV total return was 14.9% and the total share price return was 38.8%. This compares with a return of 18.5% […]
In QuotedData’s morning briefing 29 June 2021: Civitas Social Housing (CSH) has acquired three supported living properties and exchanged on one further property for a total consideration of £2.5m. All properties are based in the East of England and are self-contained single occupancy properties which have been specially adapted for adults with learning disabilities and mental health care […]
Bluefield Solar buys wind portfolio – Bluefield Solar has entered into a conditional sale and purchase agreement to acquire a portfolio of 109 small scale onshore wind turbines located across the UK for an aggregate consideration of approximately £60m (including working capital) from Arena Capital Partners Limited. The deal is conditional upon Bluefield securing the necessary […]
Hg, the manager of HgCapital Trust (HGT), announced that it has agreed the sale of Allocate, a leading workforce and people management software-as-a-service (SaaS) provider to healthcare and government organisations, to RLDatix, a global provider of intelligent patient safety solutions. The terms of the transaction have not been disclosed and completion is subject to closing conditions. […]
Chrysalis Investments (CHRY) announced an investment of £75m in Smart Pension. The investment forms part of a £165m series D funding round and includes £110m of newly issued primary capital and £55m of secondary equity acquired from existing shareholders of Smart Pension. CHRY is providing primary capital and says that it will join a pool of […]
In QuotedData’s morning briefing 28 June 2021 – RTW Venture (RTW), focused on identifying transformative assets with high growth potential across the biopharmaceutical and medical technology sectors, noted the 24 June announcement by one of its portfolio companies, GH Research regarding its pricing of a $160m IPO and admission to trade on the Nasdaq global market under ticker ‘GHRS.’ GH Research is […]
QuotedData’s weekly news show 25 June 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: Crystal Amber continuation vote Aberdeen Emerging update Literacy Capital starting trading Watch it again here This week’s interview was […]
QD view – Chinese private equity and why Fidelity China wants more of it. We have seen a welcome improvement in discounts on private equity trusts in recent months. For example, Oakley Capital has moved from trading on a 30% discount in March to around 11% today, while Apax Global Alpha, which saw its shares […]
