LXi REIT (LXI) has acquired a Sainsbury’s supermarket in Middlesbrough for £58.9m. The purchase of the asset will be satisfied through the issue of just over 35.7m new shares in the company at 145p and a further £7m in cash. The seller, Laxmi Nivaria, is an existing long-term shareholder of the company and has agreed […]
Schroder UK Public Private loans money to Rutherford Health – Schroder UK Public Private Trust has committed £3m towards an £8m bridge loan being provided to Rutherford Health by its shareholders. In addition, LF Equity Income Fund has committed to provide a convertible loan facility of £2m. The loan will accrue interest at the rate […]
Syncona’s Anaveon secures Series B financing – Syncona has committed CHF35m (£29m) to Anaveon AG as part of a CHF110m (£90m) Series B financing round. Syncona was a cornerstone investor. The financing round was led by Forbion and supported by a leading international syndicate of specialist investors, including existing investor Novartis Venture Fund and new investors […]
Riverstone Energy hails Solid Power listing – Solid Power announced the closing of its business combination with a special purpose acquisition vehicle – Decarbonization Plus Acquisition Corporation III (DCRC) – on 8 December 2021. On 9 December Solid Power became the only pure-play solid-state battery company to trade on the public markets. Solid Power common stock and […]
Schroder UK Mid Cap Fund has published its annual report for the year ended 30 September 2021. The NAV total return for the year was 41.8%, just ahead of the 40.9% produced by the 250 index (ex investment trusts). However, a narrowing discount (from 19.4% to 7.8% over the year) produced a share price total […]
New Danish portfolio for International Public Partnerships – International Public Partnerships has acquired an interest in a portfolio of four Danish public-private partnerships projects delivering availability-based, long-term, predictable cash flows. The company now holds a majority interest in the portfolio, which was bought for £14m. This is the company’s first investment in Denmark and provides […]
In QuotedData’s morning briefing 16 December 2021: Triple Point Social Housing REIT (SOHO) says that Parasol, a registered provider focused on the supported housing sector, has been deemed non-compliant with regards to elements of the Regulator’s governance and financial viability standard. The Regulator would like to see Parasol demonstrate improvement in the areas of business […]
Hammerson has continued its non-core asset sell off with the disposal of six properties for £92m. The group said the sales were in line with its strategy of reducing debt, simplifying the portfolio and generating capital for redeployment. It has exchanged contracts to sell its 50% stake in Silverburn, a 100,000 sqm shopping centre near Glasgow, […]
Disappointing year for Finsbury Growth and Income – Finsbury Growth and Income (FGT) has posted its full-year results for the 12 months to 30 September 2021. During this period its NAV return was 10.6% while its share price total return was 6.3%, significantly underperforming its benchmark. The chairman highlighted that the manager’s investment approach involves […]
In QuotedData’s morning briefing 15 December 2021: Dunedin Enterprise (DNE) has announced regulatory approval has now been granted for the partial realisation of GPS, which is held via DNE’s interest in Dunedin Buyout Fund III LP. Proceeds now received from the transaction amount to £18.2m, consisting of capital of £15.8m and income of £2.4m. In […]
Aberdeen Standard European Logistics Income (ASLI) has acquired a portfolio of ‘last mile’ urban logistics assets in Madrid for €227m, fully deploying the proceeds of its recent equity raise. The portfolio consists of four phases, with phases one to three comprising seven newly constructed logistics warehouses and phase four comprising one under construction logistics warehouse […]
GCP Infrastructure Investments has published results for the 12 months ended 30 September 2021. It delivered an NAV return of 7.2%, but the shares moved to trade on a small discount, which resulted in a return to shareholders of -7.9%. The rebasing of the dividend from 7.6p to 7.0p was well flagged and has been […]
Majedie Investments just managed to beat the MSCI AC World Index over the 12 months ended 30 September 2021. The NAV return for the period was 22.5% against a return for the index of 22.1%. However, a narrowing discount delivered a return to shareholders of 37.1%. The dividend was maintained at 11.4p, but this was […]
Sequoia Economic Infrastructure’s NAV fell by 0.6p over November. It has updated on the problems at Bulb and its parent company Simple. “Bulb Energy Ltd (“Bulb”) entered into the Special Administration Regime (“SAR”) on 24th November and its parent company, Simple Energy Ltd (“Simple”) entered into normal administration on the same day. The primary objective […]
Henderson Diversified Income embeds ESG within its investment process – Henderson Diversified Income’s board says that it has decided to make some changes to the trust’s investment objective and policy. It says that this is a continuation of a process which has already seen the trust adopt its new benchmark. The board is keen that the […]
In QuotedData’s morning briefing 14 December 2021: Polar Capital Technology (PCT) produced an NAV return of 11.5% and share price return of 6.3% for the six months ended 31 October 2021, unfortunately lagging the return on the benchmark of 13.3%. Some stocks that had done exceptionally well during the pandemic gave back some performance as […]
JPMorgan Japanese increases dividend for second year running – JPMorgan Japanese (JFJ) has posted its annual report for the year to 30 September 2021, during which time it experienced a period of underperformance during the first half of the 2020/21 fiscal year, and then outperformed the benchmark in the second half of the year. Overall, […]
In QuotedData’s morning briefing 13 December 2021: Triple Point Energy Efficiency Infrastructure (TEEC) has acquired three operational, Feed in Tariff accredited hydroelectric power projects in Scotland for an aggregate consideration of £19.6m (excluding costs). They have a total installed capacity of 2.5MW, and all have five years or more of operational performance history. This investment […]
COVID-19 has monopolised headlines across all industries for the past two years, so you’d be forgiven for missing many other stories, especially those in already niche areas of the global investment market. But there are plenty of things to get excited about in the under-owned and under-represented frontier markets, which despite representing approximately 30% of […]
QuotedData’s weekly news show 10th December 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: Edinburgh Worldwide ThomasLloyd Energy Impact This week’s interview was with Nicholas Ware of Henderson Diversified Income – watch […]
River and Mercantile UK Micro-Cap (RMMC) has published its annual report for the 12 months ended 30 September 2021, during which the portfolio NAV increased by 59.5%, significantly outperforming its benchmark, the Numis Smaller Companies plus AIM ex Investment Companies Index, which increased by 45.7%. Over the five years to 30 September 2021, the portfolio […]
Edinburgh Worldwide (EWI) has announced its annual results for the year to 31 October 2021, during which it provided NAV and share price total returns of 18.3% and 11.1% respectively, both significantly behind its comparative index, the S&P Global Small Cap Index, which provided a total return of 35.9% (all in sterling terms). However, EWI’s […]
ThomasLloyd Energy Impact Trust (TLEI) has announced the results of its initial public offering, which will have raised US$150m once the Consideration Shares are issued (click here to for an explanation of these in our story covering the announcement of TLEI IPO). Before the issuance of the consideration shares, the IPO has raised gross cash […]
Aberdeen Standard Equity Income (ASEI) has published its annual results for the year ended 30 September 2021, which its chairman, Mark White, says puts it among the top quartile of investment trusts in the UK Equity Income peer group for the financial year. During the period, ASEI provided an NAV total return of 39.8% and […]
HgCapital Trust’s (HGT’s) manager Hg has made an investment in Pirum Systems, which HGT describes as “a leading provider of post-trade automation and collateral management technology for the global securities finance industry”. Although the terms of the transaction are not disclosed, HGT is investing approximately £9.4m in Pirum Systems, alongside other institutional clients of Hg […]
In QuotedData’s morning briefing 10 December 2021: Miton Global Opportunities (MIGO) has announced that it has changed its name to MIGO Opportunities Trust, in order to make it easier 1) for potential investors to find and identify the company, which it says has increasingly become known as MIGO, and 2) promoting its success in the […]
Schroder AsiaPacific bet against China pays off – Schroder AsiaPacific produced a total return of 14.6% for the year ended 30 September 2021, outperforming the benchmark’s total return of 9.7%, while the share price produced a positive total return of 15.0%. The dividend rises by 21.3% to 9.7p. Richard Sennitt and Abbas Barkhordar took responsibility for […]
Improved picture at Aberdeen Diversified Income & Growth – Aberdeen Diversified Income & Growth made an NAV return of 12.5% for the year ended 30 September 2021 and a return to shareholders of 15.6%. Much better numbers than last year (-0.8% and -10.6% respectively). The dividend was increased from 5.44p to 5.52p, but this was not […]
Great year for TwentyFour Select Monthly Income – TwentyFour Select Monthly Income Fund has published results for the 12 months ended 30 September 2021. The share price started the financial year at 83.40p and finished at 96.20p with the Net Asset per share rising from 86.79p to 93.32p over the same period. For the year ended […]
Henderson European Focus stock picking pays off – Henderson European Focus has published results for the 12 months ended 30 September 2021. It managed to beat its benchmark by 0.6%, returning 22.6% to the benchmark index’s 22.0%. A narrower discount meant that shareholders did a lot better though, with a return of 28.8%. The dividend has […]
