In QuotedData’s morning briefing 8 November 2023: HgCapital Trust (HGT) announced its results for the three months ended September 30 2023. The company saw a total NAV increase of 4.8% to £2.3 billion. Share price total return was 5.4%, well ahead of its benchmark FTSE All-Share Total Return Index which returned 1.76%. The company also […]
Fidelity Special Values (FSV) announced its final results for the year with a NAV total return of 5.9% and a 5.6% share price total return against a Benchmark return of 5.2%. The company’s overweight to banks was the largest contributor to performance with the advisor noting that while the performance may look unremarkable at face […]
Scottish Oriental Smaller Companies (SST) announced its annual results for the year ended 31 August 2023. NAV total return was 6.5%, well ahead of the MSCI AC Asia ex Japan Small Cap Index which was up 1.8% and the broader MSCI AC Asia Ex Japan Index, which fell 8.4% Shares were up 8.4%. The largest contributors […]
Sirius Real Estate has continued its asset recycling programme with the sale of an industrial park in Maintal, in Germany’s southwest Hesse region, for €40.1m and acquisition of a portfolio of three business parks in North London for £33.5m. The disposal price in Germany was at a net initial yield of 5.7% and was achieved at […]
3i Infrastructure (3IN) has announced its results for the six months to 30 September 2023. The company generated a total return of 6.3% on opening NAV for the first half of the year, ahead of the target return of 8% to 10% per annum. The portfolio overall is performing robustly and ahead of expectations. During […]
International Biotechnology Trust (IBT) announced its results for the year ended 31 August 2023. The share price total return rose by 3% over the financial year to the end of August 2023, while the benchmark NASDAQ Biotechnology Index (NBI) fell by 1.4% over the same period. The company’s Net Asset Value rose by 2.7%. Most of […]
In QuotedData’s morning briefing 7 November 2023: Riverstone Energy Limited (RSE) announced that Hammerhead Energy Inc has finalised the sale of Hammerhead to Crescent Point Energy Corp, a Calgary based energy company, for an enterprise value of C$2.55 billion. RSE invested in Hammerhead, alongside Riverstone Global Energy and Power Fund V, holding approximately 15.5 million […]
In the aftermath of its failed continuation vote, the board of Hipgnosis Songs Fund (SONG) has provided clarity around the status of its dividend. Having undertaken a review of the SONG’s financial position, the board has determined that it will not declare dividends before the new financial year. The operating cash flow will instead be […]
In QuotedData’s morning briefing 06 November 2023: Riverstone Credit Opportunities (RCOI) has announced that it has entered into an agreement with Breakwall Capital to provide sub-management services for all credit vehicles managed by Riverstone, including RCOI. Breakwall is a newly formed independent asset management firm expected to be regulated by the SEC, the US financial […]
abrdn Diversified Income and Growth (ADIG) has endured a tough run over the last few years. The trust invests in a broad range of assets – a total of 130 investments at the end of September 2023, all of which are funds – that includes exposure to private assets (58.9% – which includes unlisted alternatives, […]
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: • RTW / Arix (0:47) Andrew McHattie picked up on the positive reaction from markets in response to the Bank of England holding interest rates, […]
Asia Dragon Trust (DGN) has announced its annual results for the year ended 31 August 2023. During the year, DGN provided NAV and share price total returns of -16.7% and -19.5% respectively while its benchmark, the MSCI Asia ex Japan Index, returned -8.4% on a comparable basis (all in sterling terms). Much of DGN’s underperformance […]
Troy Income & Growth (TIGT) has announced that it is now very close to (i) fully utilising its existing authority to repurchase shares; and (ii) depleting its distributable reserves, which are required to effect buybacks under its discount control mechanism (DCM). It has also said that its board is currently exploring possible options for a […]
In QuotedData’s morning briefing 3 November 2023: Schroders Capital Global Innovation (INOV) has made an investment in US-based cybersecurity company, Securiti which it describes as “the pioneer of the Data Command Center, a centralized platform that enables the safe use of data and GenAI”. Its platform unifies controls for data security, privacy, governance and compliance […]
LondonMetric Property as sold four offices and two long income assets in separate transactions, for a total of £24.5m. Four non-core assets have been sold from the recently acquired CT Property Trust (CTPT) portfolio for £15.3m, comprising three regional offices and a car showroom in Newbury. The buildings have a WAULT of six years and […]
Augmentum Fintech notes successful fundraising developments at three of its portfolio companies: Tide, Zopa Bank and iwoca. Tide Augmentum Fintech has invested a further £4.2m in Tide, (www.tide.co, 14.1% of portfolio), the business banking platform. Tide announced on 20 September that it has reached 10% market share of all UK small businesses, with more than […]
Cordiant Digital Infrastructure Limited (the “Company” or “CORD”), an operationally focused specialist digital infrastructure investor, is pleased to announce it has agreed to acquire Norkring België NV (“Norkring”), which operates 25 communication and broadcast towers in Belgium, from its current shareholders Telenor Communication II AS and Participatiemaatschappij Vlaanderen NV. Norkring is being acquired for a […]
Henderson International Income has reported results for the 12 months ended 31 August 2023. The trust delivered modest NAV underperformance versus its MSCI All Countries World Index ex UK High Dividend Yield Index benchmark, returning 1.4% to the benchmark’s 2.3%. The return to shareholders was -1.9%. The dividend was upped by 3.0% from 7.25p to […]
Over the year to 31 August 2023, Baillie Gifford Japan’s NAV total return was -5.4%, well behind the 6.7% total return from the TOPIX index. The trust now lags its benchmark by a considerable margin over five years. A slight narrowing of the discount meant that the return to shareholders was -4.0%. This was helped […]
In QuotedData’s morning briefing 2 November 2023: BioPharma Credit (BPCR) reports news of resignations at LumiraDX – Ron Zwanziger, (CEO and chairman), David Scott, PhD, (chief technology officer and director), and Jerry McAleer, PhD, (chief scientist and director) have all resigned, each citing the need “to preserve his flexibility to explore all available options” as […]
RTW Biotech Opportunities (RTW) has announced that it will acquire Arix Bioscience. The transaction is expected to deliver RTW with an expected pro-forma net asset value of approximately $550 million, an increase of 63% The deal will enhance RTW’s profile, provide increased liquidity potential, a more efficient cost base, and a re-rating opportunity. Arix shareholders […]
In QuotedData’s morning briefing 1 November 2023: Vietnam Enterprise Investments Limited (VEIL) has announced that Mr. Gordon Lawson will step down as chair of the company and resign from the board, both effective 30 June 2024. Mr. Lawson has served as an independent non-executive director of VEIL since July 2014, and as chair since 2022. […]
Grit Real Estate Income Group’s annual results were impacted by the high interest rate environment and the transitional period for the company, which saw it acquire developer Gateway Real Estate Africa (GREA). The group’s EPRA net reinstatement value (NRV) fell 8.3% US$72.8 cents per share over the year to 30 June 2023, driven by a […]
US Solar Fund (USF) has provided an update on its previously announced strategic review. Having reviewed the available options as part of this strategic review, the company considered proposals in relation to: (i) a sale of its portfolio of assets and return of funds to shareholders; (ii) a sale of the entire issued, and to […]
In QuotedData’s morning briefing 31 October 2023: Oakley Capital (OCI), a leading pan-European, mid-market private equity investor, is pleased to announce that Oakley Capital Origin Fund I has agreed to acquire a majority stake in Alerce, a leading Spanish provider of transport and logistics software solutions. Origin will invest alongside Alerce’s founding family, including CEO […]
Schroder BSC Social Impact Trust (SBSI) has released its results for the period ending 30 June 2023. Over this 12 month period SBSI reported a NAV total return of 0.8%. Since its inception on 22 December 2020 SBSI has returned a NAV total return of 8.6%. Key drivers of performance were an increase in returns […]
Five countries dominate the MSCI AC Asia Pacific ex Japan Index – China, Australia, India, Taiwan, and South Korea – collectively, accounting for over 85% of the market cap of that index. However, most of investors’ focus seems to be on China and India, Australia is usually regarded as a resource play, Taiwan’s market is […]
Digital 9 Infrastructure (DGI9) published a letter sent in response to the one sent by Aqua Ventures Limited (AVL) last week, which owns 3.5% of DGI9, outlining AVL’s desire to implement an immediate strategic review of DGI9. Aqua Ventures claims to have consulted, and have the support of, 20% of DGI9’s shareholders. AVL’s letter outlined […]
abrdn Property Income Trust (API) has secured over £1.3m in annual rent through new lettings and lease renewals. In the office sector (which accounts for 18% of its portfolio by value), the company has completed a number of deals comprising: a new lease on the fourth floor at One Station Square in Bracknell, securing a […]
In QuotedData’s morning briefing 30 October 2023: Chrysalis Investments (CHRY) has provided a quarterly NAV update. The NAV for 30 September 2023 was 134.75p per share, a (1.6%) decrease since 30 June 2023. There was only one instance of portfolio activity over the quarter, a further £6.5m investment in Secret Escapes as part of a […]
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