Warehouse REIT has completed the acquisition of Cambridge South Industrial Estate for £20.15m, reflecting a net initial yield of 4.15%. The scheme, which comprises 68,000 sq ft across 13 newly built multi-let industrial units and an adjacent development site, is located on the wider Dales Manor Business Park, just seven miles south of Cambridge city centre, six […]
JLEN invests in Italian waste-to-energy plant – JLEN Environmental Assets Group has bought a 45% equity stake in Energie Tecnologie Ambiente S.r.l. (ETA). ETA is a 16.8MW energy-from-waste power plant. The plant processes refuse derived fuel (RDF) and is located in the municipality of Manfredonia, in the Apulia region of southern Italy (website, in Italian, here). […]
In QuotedData’s morning briefing 18 May 2021: Syncona highlights results from one of its holdings – Freeline. Its chief executive says they are encouraged by the progress seen in patient identification and screening in its FLT190 Phase 1/2 dose-finding trial for the treatment of Fabry disease; they are advancing their FLT201 programme for the treatment of Gaucher […]
Acorn Income (AIF) has concluded its strategic review and, having received strong interest from a number of managers, has proposed to recommend the appointment of BMO Global Asset Management (BMO) as its manager, and the adoption of a new investment objective and policy. The strategic review had been announced on 21 April, and you can access […]
Cordiant Digital Infrastructure (CORD) is launching a placing of C shares to enable it to complete acquisitions from its pipeline of digital infrastructure investments, specifically certain transactions where due diligence is well advanced. ‘Advanced stage negotiations over potential transactions worth around £800m’ CORD released the following as key highlights: Advanced pipeline – CORD‘s pipeline of further high […]
In QuotedData’s morning briefing 17 May 2021 – Baillie Gifford European Growth’s (BGEU’s) interim results to 31 March 2021 brought a total NAV return of 8.7%, which it says compared with a total return of 12.2% for the FTSE Europe ex UK index, in sterling terms. BGEU#s shareholder return over the same period was 11.7%. […]
QuotedData’s weekly news show 14 May 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: RM Secured Direct Lending set for a name change as social & environmental focus intensifies Aquila Energy Efficiency […]
There seems to be a bit more activity in the new issue market for investment companies. We have seen the announcement of intentions to float from Taylor Maritime, Liontrust ESG and Aquila Energy Efficiency. This week, I got to meet the people behind the Aquila fund. £150m target Aquila is aiming to raise £150m from […]
After months of delays, the debut listing on the world’s first real estate stock exchange took place on Friday (May 14) – but probably not to the fanfare it was hoping for. Mailbox REIT, owner of the Mailbox office complex in Birmingham, was floated on the International Property Securities Exchange (IPSX) after raising £25.85m – […]
The debut listing on the world’s first real estate stock exchange has taken place today. Mailbox REIT, which owns the Mailbox office block in Birmingham, began trading on the International Property Securities Exchange (IPSX) this morning. The company, set up by M7 Real Estate, issued 84,850,000 shares, which have been admitted to trading on the […]
Apax Global Alpha (AGA) has announced that Global-e has completed its IPO and started trading on the Nasdaq Global Select Market, which based on the closing price on 12 May 2021 has led to an uplift of approximately 0.9% of AGA’s Adjusted NAV (or €0.02 per share) at 31 March 2021. The IPO was a […]
Apax Global Alpha (AGA) has announced Apax X, in which it holds a limited partnership interest, has signed an agreement to acquire a majority ownership stake in Nulo, which it describes an ultra-premium pet food company. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions. Aga says […]
In QuotedData’s morning briefing 14 May 2021: John Laing Group has announced that all necessary approvals have now been obtained for the availability-based Colombian road PPP project Pacifico 2 and that it has achieved financial close on its purchase of the 21.15% interest in Pacifico 2 it has acquired from Construcciones El Condor. This transaction completed […]
The Taylor Maritime Investments prospectus is out and, as promised, we are making it available here. As always, we are not recommending that you buy the shares. In fact we are not acting in any capacity with respect to the IPO. The prospectus is just provided for your convenience. There are geographic restrictions on who can […]
The Aquila Energy Efficiency prospectus is out and, as promised, we are making it available here. As always, we are not recommending that you buy the shares. In fact we are not acting in any capacity with respect to the IPO. The prospectus is just provided for your convenience. There are geographic restrictions on who […]
JPMorgan Multi-Asset Growth & Income has published results for the year ended 28 February 2021. The NAV return for the period was 4.1%, a little behind the old performance benchmark of LIBOR +4.5% (which worked out at 4.8% for the period). The board has proposed a number of changes, including a new benchmark, which we […]
Private rented sector specialist Grainger has reported strong half-year results in which earnings grew 11%. The group, which has a portfolio of 9,109 rental homes in the UK, said rents were up 1.7% in the six months to March 2021, while enquiry levels were up 86% since January. Net rental income was £34.7m, down on the […]
Gore Street Energy Storage acquires new project in Milton Keynes – Gore Street Energy Storage has announced the acquisition of an 80MW construction ready energy storage project in Milton Keynes, with an estimated total capital expenditure of £30m spread over the next 12 to 15 months. It has been acquired from leading renewable energy company RES. […]
Scottish Mortgage enjoys strongest returns in its history – Scottish Mortgage has announced preliminary results for the year ended 31 March 2021. The net asset value total return rose by 111.20%, significantly outperforming the 39.6% return from its FTSE All World benchmark. The share price rose by 99%, compared to a Global sector average return […]
In QuotedData’s morning briefing 13 May 2021: Hipgnosis Songs Fund has announced the acquisition of a music catalogue from award-winning producer, Andy Wallace, who has collaborated with Nirvana, Paul McCartney, Coldplay, Foo Fighters and many more. The catalogue contains 17,242 songs which brought in a revenue of $874,000 in 2020 alone. JLEN Environmental Assets Group has […]
Watch the recording of India Capital Growth Fund’s webinar here where Gaurav Narain, co-Head of Equities and Portfolio Advisor, Elisabeth Scott, Chairman of the India Capital Growth Fund and Camilla Bryden answered investors questions and provided an update on: The spread of Covid-19 in India The impact on India Capital Growth Fund’s mid and small cap portfolio Market […]
The boards of Amsterdam-based Prosus and Naspers have announced that Prosus intends to acquire up to 45.4% of shares in Naspers, its South Africa-based parent company. Prosus owns a 28.9% stake in Tencent, the Chinese software and gaming behemoth. Both Prosus and Naspers trade at a discounted value to their stake in Tencent, which according to market reports […]
GCP Student Living has posted a 4.5% increase in EPRA net tangible assets (NTA) for the first quarter of 2021. The increase, to 179.07p per share, was mainly down to a 3.5% uplift in the value of its portfolio (mainly focused on London) to £1.06bn. This was due to an uptick in activity in the investment […]
In QuotedData’s morning briefing 12 May 2021 – Schroder Income Growth’s (SCF’s) reported interim results to 28 February 2021, with the NAV returning 16.1% (compared to 12.0% delivered by the FTSE all-share index.). SCF’s share price outperformed the NAV, with a total return of 19.6%. Law Debenture (LWDB) announced yesterday evening that further to the recent announcement regarding the issuance […]
RM Secured Direct Lending (RMDL) has been making good progress in directing all new lending to six core sectors. It is set for a name change to RM Social & Environmental Infrastructure Income, as outlined below. ‘All new lending being allocated to social & environmental infrastructure assets’ “RM Funds (RMDL’s manager) has made good progress in […]
Further to the announcement on 22 April 2021 (click here to read our coverage and take on this) that the board of Polar Capital Global Financials (PCFT) was considering an issue of equity, proposals for a placing, the board has this morning announced an open offer, offer for subscription and intermediaries offer for a target […]
3i Infrastructure ups dividend by 6.5% – 3i Infrastructure has announced results for the year ended 31 March 2021. The total return on opening net asset value was 9.2%, in line with its target of between 8% and 10%. while it also achieved a total shareholder return of 23.8%. The company paid an interim dividend […]
No dividend but good performance from North Atlantic Smaller – North Atlantic Smaller Companies has announced results for the year ended 31 January 2021. The net asset value per share rose by 20.7% as compared to a rise in the sterling adjusted S&P Composite of 10.9%. The share price rose from 3400p to 3850p. The company’s revenue account […]
Civitas Social Housing has increased its dividend target for full year 2022 by 2.8% after posting another increase in net asset value (NAV). The group said in a trading update that it is targeting a dividend of 5.55 pence per share for the financial year ending 31 March 202, which represents an increase of 2.8% to the 2021 […]
In QuotedData’s morning briefing 11 May 2021: CVC Credit Partners European Opportunities has announced the results of its latest tender offer – 5,926,910 Euro shares and 8,710,330 Sterling shares were tendered – the tender prices are €0.9932 and £1.0521. These should be settled in full. Riverstone Energy successfully completed its last buy back programme – repurchasing […]
