abrdn European Logistics Income has reported NAV total return in 2021 of 12.4%, as the European logistics sector continues to benefit from a supply-demand imbalance. The group’s NAV increased 7.5% to €1.29 per share, while it paid out dividends in the year of 5.64 euro cents. IFRS earnings were 15.4 euro cents per share for […]

In QuotedData’s morning briefing 22 April 2022: Asia Dragon (DGN) has published its interim results for the six months ended 28 February 2022. During the period, DGN delivered an NAV total return of -7.7% in sterling terms, outperforming the -8.1% fall in the benchmark, the MSCI AC Asia Pacific (ex Japan) Index (also in sterling […]

This morning, Pershing Square published the following letter to its investors. Dear Pershing Square Investor: Today, we sold our investment in Netflix, which we purchased earlier this year. The loss on our investment reduced the Pershing Square Funds’ year-to-date returns by four percentage points. Reflecting this loss, as of today’s close, the Pershing Square Funds […]

Schroder UK Public Private says that over the course of 2021, it generated an NAV total return of 37.4%. However, the share price rose by just 6.8%. The board is considering its options to narrow the discount, including using share buybacks. More cash is available to fund these now – gearing was cut over the […]

Invesco Perpetual UK Smaller Companies says that for the year ended 31 January 2022 the trust returned +18.8% in NAV terms, outperforming its benchmark index, the Numis Smaller Companies (excluding Investment Companies) Index, which returned +15.1%. Shareholders did even better, with a return for the year of 21.9%. That has reversed a little since – […]

Menhaden Resource Efficiency reports an NAV return for 2021 of 17.3% and a share price return of 13.0%. The discount widened to 28%, but the board is resisting share buybacks and instead hopes to narrow this by marketing the trust. There is a 0.2p dividend, enough to satisfy the minimum requirement to maintain investment trust […]

Warehouse REIT has exchanged contracts to acquire an industrial estate in Milton Keynes for £62m, reflecting a net initial yield of 4%. The multi-let Bradwell Abbey Industrial Estate totals 335,000 sq ft across 69 units and is located just off the A5, and close to the M1 motorway. The estate is currently 96% let to […]

RM Infrastructure Income’s results for 2021 show an NAV total return for the year of 7.6% and a return to shareholders of 16.7%. Dividends for the year totalled 6.5p. The overall portfolio size remained largely unchanged during the year, closing at £130.8m across 34 loans and one wholly owned asset. Eight new loans were made […]

NB Global Monthly Income Fund has published results for the year ended 31 December 2021. Over the year, the share price total return was 14.1% and the NAV total return 5.9%.  As of 31 December 2021, the portfolio’s gross yield was 6.3%, and the gross yield to maturity was 6.6%. A monthly dividend of 0.39p was paid […]

Aquila Energy Efficiency wants to push on – the company has concluded its strategic review and the board has decided that “whilst certain changes are required to enable the investment adviser to execute on the company’s investment strategy, the market opportunity for energy efficiency investments located in Europe remains attractive, particularly in the context of […]

In QuotedData’s morning briefing 21 April 2022 the news is dominated by annual results, but we also have: An unusual advance on the sale proceeds of Infrastructure India’s (IIP) wind farm assets – the buyer AVSR Constructions is supposed to pay INR 550m (approximately £5.5m), but the seller is yet to satisfy all the conditions […]

Good maiden results for Petershill Partners – Petershill Partners (PHLL) has posted its maiden final results for the period from 24 March 2021 to 31 December 2021. The company raised $720m (net of share issue costs) at its IPO last year and the board has announced plans to launch a share buyback programme of up […]

In QuotedData’s morning briefing 20 April 2022: abrdn China has entered into a £15m unsecured multicurrency revolving loan facility with Industrial and Commercial Bank of China, London Branch for a two year period. The facility will be utilised for general working capital purposes and for the acquisition of new investments. Under the terms of the […]

BMO Commercial Property Trust will change its name to Balanced Commercial Property Trust following the sale of its manager’s business from Bank of Montreal (BMO) to Ameriprise Financial, parent company of Columbia Threadneedle. The announcement was made in the group’s annual results where it delivered a net asset value (NAV) total return for 2021 of […]

In QuotedData’s morning briefing 19 April 2022: Baker Steel Resources (BSRT) reports that its NAV total return for 2021 was 1.2%, behind the 5% return on its EMIX Global Mining benchmark. Although two core investments, Tungsten West and Silver X listed during the year, it did not monetise either of these investments and therefore did […]

Impact Healthcare REIT has recently exchanged contracts to acquire three purpose-built care homes in and around Glasgow. The homes are let to Silverline, which was already a tenant in the portfolio. The purchase price is £8.1m (plus transaction costs). The initial annual rent has been agreed at £627,750, reflecting an accretive gross initial yield of […]

RTW Venture Fund notes that LENZ Therapeutics has entered into an exclusive license agreement with Ji Xing Pharmaceuticals to develop and commercialize LNZ100 (aceclidine) and LNZ101 (aceclidine + brimonidine) for the treatment of presbyopia (the loss of reading vision due to age) in Greater China. RTW Investments, LP (the investment manager) has invested $10m on […]

UK Commercial Property REIT’s results for 2021 show the company generating an NAV return of 21.5% for the year (well up on 2020’s -0.9% following the effects of COVID). A 21.4% return on the portfolio was well ahead of the 16.8% return generated by the company’s MSCI benchmark. Returns were helped by much better rent […]

Fair Oaks Income has published results for the year ended 31 December 2021. On 19 April 2021, the company announced the result of its reorganisation proposal. 62,562,883 2017 shares had been elected for re-designation as realisation shares and 405,815,477 2017 shares were re-designated as 2021 Shares (86.6% of the 2017 shares in issue, including 650,000 […]

In QuotedData’s morning briefing 14 April 2022: Jupiter Emerging and Frontier Income Trust’s (JEFI) board has looked at the candidates available for a rollover option and decided not to offer any of them. Shareholders will receive cash instead. A proposal to wind up the company will be put to a vote shortly – expect to […]

Octopus Renewables Infrastructure Trust has committed to invest up to €3.5m to set up and fund Nordic Renewables Limited, a new development platform focused on renewable energy assets in Finland. The investment is made alongside an equal amount from another fund managed by Octopus Renewables Limited. Nordic Renewables Limited will benefit from an exclusive joint […]

Digital 9 Infrastructure has signed a binding sale and purchase agreement for the acquisition of GAData Holdings Limited (trading as Volta Data Centres) for £45m. Volta wholly owns and operates a premier data centre facility based in central London, providing co-location services. The investment forms part of Digital 9’s metro edge data centre strategy of […]

In QuotedData’s morning briefing 13 April 2022: ICG Enterprise Trust notes that New Mountain Capital is merging Information Resources Inc., which the trust holds and invested  $15m into in 2018, with The NPD Group, a global provider of market information and advisory services, with a client base of over 2,000 companies, in Hellman & Friedman’s […]

LucaNet AG has agreed a strategic investment from Hg. It hopes that this marks a key milestone in its ambition to become a global leader in corporate performance management software. Hg is taking a majority stake in the business. Existing shareholders Rolf-Jürgen Moll, Oliver Schmitz, and Dominik Duchon will maintain a substantial minority share. Mr. […]

In QuotedData’s morning briefing 12 April 2022: Diverse Income Trust is asking shareholders whether they want to take advantage of its annual share redemption facility. However, as the announcement points out, the discount is already narrow. Shareholders have until 3 May 2022 to submit redemption requests. Cash would hit accounts on 16 June or thereabouts. […]

In QuotedData’s morning briefing 11 April 2022: Foresight Solar (FSFL) has reached final approval for the portfolio refinance of the Oakey 1 Solar Farm (O1) and Longreach Solar Farm (LR) portfolios with ANZ and Deutsche Bank for a term facility of approximately A$59m plus a debt service reserve facility of approximately A$1m. The portfolio will […]