Riverstone Energy’s board has been talking to its manager about the strategic direction of the company. They have agreed that it is time to wind-down the company – sell the assets and return the proceeds to shareholders. Shareholders will need to approve the idea. To get that done, the company will soon be publishing a […]
Karl Sternberg will succeed Jean Matterson as chairman of Capital Gearing Trust (CGT). Karl was a founding partner of institutional asset manager Oxford Investment Partners, which was acquired by Towers Watson in 2013. Prior to that, he held a number of positions at Morgan Grenfell/Deutsche Asset Management between 1992 and 2004 including chief investment officer […]
In QuotedData’s morning briefing 20 May 2025: We also have: Did you miss from yesterday?
JPMorgan Indian Investment Trust (JII) has announced a package of proposals aimed at tackling persistent underperformance and a stubborn share price discount, following the conclusion of its strategic review and shareholder consultation. JII’s board says it remains committed to the existing quality-growth investment strategy, led by managers Amit Mehta and Sandip Patodia, and has ruled […]
In QuotedData’s morning briefing 19 May 2025: We also have: Stories you may have missed from Friday
Primary Health Properties (PHP) has made a counter bid for Assura that values the company at £1.68bn. The shares and cash offer would see Assura shareholders receive 0.3769 new PHP shares and 12.5 pence in cash. This includes the already paid quarterly dividend of 0.84p (paid on 9 April 2025) and the quarterly dividend of […]
Equity markets have been on a rollercoaster ride thus far in 2025, largely thanks to one man: President Donald Trump, and his somewhat idiosyncratic views on tariffs and trade. The best measure of this is the CBOE Volatility Index, or VIX, which represents investors’ expectation of volatility over the coming 30 days. Having been below […]
Land Securities delivered positive annual results with EPRA net tangible assets (NTA) increasing 1.7% over the 12 months to 31 March 2025, as real estate values returned to growth. The valuation of its portfolio was up 1.1% and is now worth £10.9bn. This reflected a return on equity of 6.4% and contributed to an EPRA […]
In QuotedData’s morning briefing 16 May 2025: We also have: Did you miss from yesterday?
NextEnergy Solar Fund says its board has approved a maintained dividend target of 8.43p per share for the financial year ending 31 March 2026. This is forecast to be covered in a range of 1.1x – 1.3x by earnings post-debt amortisation and the company can be reasonably comfortable making this prediction because there is a […]
In QuotedData’s morning briefing 15 May 2025: We also have: Did you miss from yesterday?
HydrogenOne Capital Growth (HGEN) has published its first quarter 2025 NAV and portfolio update, while its manager has published its latest “Hydrogen Handbook” – its annual hydrogen sector review. In its quarterly update, HGEN has reported a net asset value per share of 89.28p as at 31 March 2025, broadly unchanged from 90.39p at the […]
As promised, Polar Capital Global Financials Trust (PCFT) has launched a tender offer of up to 100% of its issued share capital (excluding treasury shares), offering investors an opportunity to fully exit at a price close to NAV. The proposal, which follows through on a commitment in the trust’s articles of association, is conditional on […]
Schroder Income Growth Fund (SCF) has published its half-year results to 28 February 2025, reporting a NAV total return of 2.9%, trailing its All-Share Index benchmark, which it says returned 5.2%. While performance lagged over the period, the board has unveiled a series of proactive steps aimed squarely at improving shareholder outcomes – including material […]
In QuotedData’s morning briefing 14 May 2025: We also have: Stories you may have missed from yesterday
Greencoat Renewables says that it has sold six Irish onshore wind assets for €156m. The 115.7MW disposal will translate into up-front consideration of €139m and €17m in non-contingent deferred consideration over 2026 and 2027. The proceeds will be used to reduce the company’s revolving credit facility. Gearing levels will be reduced from 54% reported at […]
In QuotedData’s morning briefing 13 May 2025: We also have: Did you miss from yesterday?
Blackstone’s potential offer for Warehouse REIT has been thrown into doubt, with the US private equity giant contesting the valuation of a development asset in the portfolio. In an announcement today, Warehouse REIT’s board said that Blackstone had written to it on 7 May “raising several matters arising from its due diligence”. The most significant […]
EJF Investments Limited (EJFI) has announced the launch of a RetailBook offer for its new 2029 zero dividend preference (ZDP) shares, offering eligible UK retail investors an opportunity to participate in the issuance on equivalent terms to institutional investors. The issue price for the 2029 ZDP shares under the RetailBook offer has been set at […]
In QuotedData’s morning briefing 12 May 2025: We also have: Stories you may have missed from Friday:
Global equity markets have been grappling with a wave of challenges in recent months, leaving investors navigating a landscape marked by uncertainty and contradiction. From the disruptive flare of Trump’s so-called “Liberation Day” tariffs – briefly lighting a match under global trade tensions before a swift retreat – to elevated concerns over inflation (will interest […]
Paul McCarter, CEO of All.Space, shares how the company is transforming satellite communications with a unique terminal that connects to multiple orbits at once. With applications across defense and commercial sectors, All.Space is shaping the next era of global connectivity. Watch the video to learn more.
LondonMetric and Urban Logistics REIT have reached agreement on the terms of a recommended cash and share offer in which LondonMetric will acquire Urban Logistics for £698.9m. Each Urban Logistics share will be entitled to receive 0.5612 new LondonMetric shares and 42.8p in cash. On the basis of LondonMetric’s closing price of 191.5p, the acquisition values […]
Chelverton UK Dividend Trust (SDV) has confirmed that the final capital repayment on its 2025 Zero Dividend Preference shares (ZDPs) has now been made in full. As a result, the trust is currently ungeared, with net assets of £30.85m as at 7 May 2025, invested across a diversified portfolio of UK small and mid-cap companies. […]
Baker Steel Resources Trust (BSRT) has announced that Futura Resources, one of its key unlisted holdings, has secured a US$15m strategic loan from Abu Dhabi-based International Resources Holdings (IRH), a vertically integrated mining investment group. The loan agreement completed today (9 May 2025), with BSRT having helped facilitate the deal via a A$1.4m bridging loan […]
In QuotedData’s morning briefing 9 May 2025: We also have: Stories you may have missed from yesterday:
ICG Enterprise has published results for the 12 months ended 31 January 2025. The NAV return for the year was 10.5% – the underlying portfolio return was 10.6%, helped by earnings growth for the companies held of about 15% on average. In addition, there were 40 exits achieved, which came at an average 19% uplift […]
As expected, European Opportunities has published details of its latest tender offer. The tender offer will be for 25% of its shares in issue (up to 15,553,147 shares) and the tender price will be calculated as a 2% discount to NAV less the costs of implementing the tender offer. To participate, you will have to […]
New NAV This morning, Chrysalis announced that its NAV at end March 2025 was 152.62p, 2.6% lower than at the end of December 2024. In part, that reflects adverse currency moves, which took about 1.7p off the NAV. Richard Watts and Nick Williamson said “Overall, the portfolio continues to perform well. The top five assets […]
3i Infrastructure’s results for the 12 months ended 31 March 2025 are out [an impressively short timeframe for getting this done] and they are good. The NAV return was 10.1% and the dividend target for the new year has been increased by 6.3% to 13.45p. The only drawback was a widening of the discount, which […]
