Schroder British Opportunities Trust has made an investment into Pirum Systems Limited, which it describes as a leading provider of post-trade automation and collateral management technology for the global securities industry. The investment was made in conjunction with Schroders’ long-standing investment partner Bowmark Capital, a UK based technology and services investor. Bowmark Capital first invested […]
In QuotedData’s morning briefing 21 June 2022: ThomasLloyd Energy Impact (TLEI) is buying the remaining 57% of SolarArise India Projects for $38.5m. SolarArise is a Delhi based renewable energy platform which holds interests in seven solar power projects in India totalling 434 MW, of which 234 MW is operational and 200 MW is construction-ready. 100% […]
Trian shareholders call for EGM to replace three directors for not meeting ‘required standards of corporate governance’ – An ad hoc committee established by a group of independent investors in Trian Investors 1 Limited has called for an extraordinary general meeting to propose the removal of three of its directors and nominating two others to […]
In QuotedData’s morning briefing 20 June 2022: Utilico Emerging Markets (UEM) has posted its final results for the year to 31 March 2022, during which time it delivered an NAV total return of 14.9% and a share price return of 17.6%, way ahead of the MSCI EM total return index which was down 6.9% over […]
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: • Lindsell Train • Montanaro UK Smaller Companies • Boussard & Gavaudan This week’s interview was with Laura Elkin from AEW UK REIT – watch […]
The bad news just keeps mounting up and the economic outlook is getting gloomier. Inflation has shifted from being a post-COVID legacy to a global problem, while ominous economic predictions keep piling up. A fall in UK GDP was revealed this week and was followed by another interest rate hike by the Bank of England […]
Boussard & Gavaudan Holdings (tickers BGHS and BGHL for its sterling and Euro share classes respectively) has announced that, on 10 June 2022, notice was served by Mr Emmanuel Gavaudan, requiring the company’s Board to convene a general meeting to consider the appointment of two additional directors nominated by him. The board is satisfied with […]
ORIT acquires Breach Solar Farm, Cambridge Octopus Renewables Infrastructure Trust (ORIT) announce the acquisition of Breach Solar Farm, a roughly 68MW ready-to-build solar PV project in Cambridgeshire, UK, from AGR Renewables. The total cost of acquiring and constructing the solar PV project is expected to be approximately £50m. The purchase also gives ORIT the right […]
In QuotedData’s morning briefing 17 June 2022: River & Mercantile UK Micro Cap (RMMC) has published its interim results for the six months ended 31 March 2022, during which it provided an NAV total return of -23.53%, significantly underperforming its benchmark, the Numis Smaller Companies plus AIM ex Investment Companies Index, which provided a total […]
Capital & Counties (CAPC) and Shaftesbury have reached an agreement on a £3.5bn all-share merger. The merger of the two West End of London landlords, which will be called Shaftesbury Capital Plc, had been rumoured for years and it was confirmed last month that talks were taking place. Under the terms of the proposed merger […]
JLEN Environmental Assets Group has published results for the year ended 31 March 2022. Over the 12-month period to 31 March 2022, shareholders saw a share price total return of 7.4%. The chairman Richard Morse said: “JLEN has had an outstanding year, with NAV appreciation per share of 25%, £118 million raised through two oversubscribed equity […]
abrdn Private Equity Opportunities says that its estimated net asset value at 31 May 2022 was 715.2p, up from 704.3p at end April 2022. The trust funded £24.0m of drawdowns and received £6.1m of distributions during the month of May. The distributions received generated realised gains and income of £3.7m. It made one new primary […]
Syncona’s results for the financial year ended 31 March 2022 show an NAV total return of just 0.3%. However, this was a long way ahead of the -12% return on the NASDAQ Biotechnology Index. A significant NAV uplift achieved through the sale of Gyroscope to Novartis and multiple successful private financings offset the decline in […]
In QuotedData’s morning briefing 16 June 2022: The US central bank, the Federal Reserve has raised its base rate by 75 basis points (0.75%) to a target range of 1.50-1.75% and indicated that it would raise rates by between 0.5% and 0.75% at its next meeting, as it struggles to combat inflation. NB Global Monthly […]
Templeton Emerging Markets takes double beating from pressure on tech and Russian conflict – Templeton Emerging Markets (TEM) has posted its final results for the year to 31 March 2022. During the period its NAV total return fell by 17.3% while its share price total return fell by 21.2%. This compares with just a 6.8% […]
Lindsell Train Investment Trust highlights three factors for second year of underperformance – Lindsell Train Investment Trust (LTI) has posted its annual results for the 12 months to 31 March 2022, during which time it suffered a second consecutive year of disappointing relative performance as compared to its recently introduced equity benchmark – the MSCI […]
Montanaro UK Smaller Companies suffers from ‘most volatile two-year period’ ever experienced by manager – Montanaro UK Smaller Companies (MTU) has released its final results for the year to 31 March, during which time its NAV declined by 5% while its share price fell by 10%. In comparison, the Numis Smaller Companies (excluding investment companies) […]
3i Infrastructure to increase stake in ground support equipment leader TCR – 3i Infrastructure has agreed to acquire the stake in TCR owned by funds managed by DWS, which will result in it increasing its holding from around 48% to around 96% of the equity in TCR, alongside management. This further investment is expected to […]
In QuotedData’s morning briefing 15 June 2022: BMO Global Smaller Companies (BGSC) has changed its name to The Global Smaller Companies Trust PLC. The company will explain the reasoning and announcing a new ticker in its annual results, due for release next week. Aberdeen Diversified Income & Growth (ADIG) has posted its interim results for […]
Palace Capital has reported an 11.4% uplift in EPRA net tangible assets (NTA) in a positive set of annual results to the end of March 2022. The group, which owns a diverse portfolio of property assets mainly in the industrial and office sectors, said the increase in EPRA NTA to 390p per share (2021: 350p) […]
Foresight Sustainable Forestry has deployed its IPO proceeds and is ready to expand. It is proposing to undertake a placing and an offer for subscription for new ordinary shares at a price of 107 pence per share. It hopes to capitalise on a growing pipeline of potential acquisitions, of which £76.8m is under option or […]
Hg is selling MEDIFOX DAN, a leading provider of digital solutions for the German care and therapy sectors, to ResMed, a global leader in cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS) business solutions, in a transaction valuing the business at an enterprise value of around $1bn. This transaction values HgCapital Trust’s investment in MEDIFOX DAN […]
In QuotedData’s morning briefing 14 June 2022: CVC Credit Partners European Opportunities has renamed itself CVC Income & Growth Limited. The new tickers are CVCG for the ordinary sterling shares and CVCE for the euro shares. The new website is www.ig.cvc.com Value and Indexed Property Income (VIP) says that it will pay £1.319 for every […]
Sirius Real Estate posts good results for year that saw it enter UK market – Sirius Real Estate (SRE) has posted its final results for the year to 31 March 2022. During the period the group annualised rent roll increased by 73.1% to €167m as a result of demand and organic growth, acquisitions and the […]
Greencoat UK Wind renews investment management agreement with new fee structure – Greencoat UK Wind (UKW) has renewed its investment management agreement with Greencoat Capital, who has managed UKW since IPO in 2013. The principal changes to the agreement are as follows: An additional tier added to the cash fee structure, which will see a […]
In QuotedData’s morning briefing 13 June 2022: ThomasLloyd Energy Impact (TLEI) has released its interim results for the period ended 31 March 2022. During the period, it committed 40% of its IPO proceeds. Meanwhile, at 31 March 2022, TLEI had a derivative financial liability associated with the proposed acquisition of the 43% interest in SolarArise, […]
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 Andrew McHattie covered the week’s top stories: • BMO UK High Income • Rights and Issues This week’s interview was with Craig Martin of Vietnam Holding – watch it […]
This week’s interview with Craig Martin of Vietnam Holding highlighted a number of reasons why investors might want to consider an investment in the country. Vietnam is a frontier market, not yet classified by the big index compilers as an emerging market, but well on the way. Its transformation over the past few years has […]
Industrials REIT has reported a 25% NAV total return for the year to 31 March 2022, as the value of its portfolio rose by more than 20%. EPRA net tangible assets (NTA) was up 20.4% to £1.77 per share, helped by 20.8% like-for-like valuation growth in the value of its portfolio of multi-let industrial (MLI) […]
HgCapital Trust (HGT) has announced an investment in TigerRisk Partners, alongside other institutional clients of its manager, through the Hg Saturn 2 Fund. HGT’s manager, Hg, describes TigerRisk as a leading risk, capital and strategic advisor to the global insurance and reinsurance industry. TigerRisk is being acquired by Howden Group Holdings. HGT announced its original […]
