BioPharma Credit (BPCR) has published interim results to 30 June 2020. The company says it is London’s only specialist debt investor to the life sciences industry. It seeks to achieve returns primarily through investments in debt assets secured by royalties or other cash flows derived from the sales of approved life sciences products. NAV per share decreased […]

Premier Global Infrastructure posts circular setting out plans to amend investment policy and name – Premier Global Infrastructure (PGIT) is to seek approval from shareholders to amend its investment policy and, if the company’s new investment policy is to be adopted, to change its name to Premier Miton Global Renewables Trust. In the announcement today, […]

US Solar (USF) announced interim results to 30 June 2020, with its NAV at the period-end coming in at $192.9m – a 0.8% decrease from 31 December 2019. USF, which launched in April 2019, said that as at the period-end, more than 60% (now almost 70%) of its projects were operating and the remaining projects in […]

In QuotedData’s morning briefing 16 September 2020: UK equity income sector company, Law Debenture Corporation (LWDB), said it remained committed to at least maintaining 2019 full-year dividend level of 26p. LWDB is a unique combination of an equity portfolio and independent professional services business. LWDB said today that “we approached 2020 with a professional services business […]

In QuotedData’s morning briefing 15 September 2020: McKay Securities has let the whole of 135 Theale Logistics Park, its 134,430 sq ft speculative warehouse development at Junction 12 of the M4 near Reading, to a logistics operator. The new tenant has agreed to a 10-year FRI lease term at a rent which is 2.0% ahead of […]

Syncona makes two new investments – Resolution Therapeutics and Neogene Therapeutics Resolution Therapeutics Following a collaboration agreement with the University of Edinburgh in 2018, Resolution has been founded by Syncona as a cell therapy company investigating the use of macrophages for the treatment of patients with end stage liver disease. In pre-clinical studies, macrophages have been […]

Schroder REIT has secured 13 new lettings or renewals across its portfolio. The group, which announced a share buyback programme last week, said the activity increased contracted rental income by £210,000 a year. The activity included: A new lease for a three year term to the Secretary of State for Housing, Communities and Local Government at […]

Direct lending sector company, Honeycomb (HONY), delivered an 8.2% annualised NAV return for the first six months of the year (30 June 2019: 7.5%). The portfolio has displayed solidity over the pandemic to-date, with the underlying returns increasing in Q2 2020. The manager notes that the portfolio has seen the majority of underlying customer loans […]

CLS Holdings has exchanged contracts to acquire a portfolio of commuter belt office properties for £59.71m. The portfolio consists of One Church Road, in Richmond; Priory Place, in Chelmsford; and Kings Court, in Leatherhead. One Church Road is located adjacent to Richmond Station, providing fast access to several commuter hubs including Clapham Junction and London […]

HgCapital Trust (HGT), which provides exposure to Hg, Europe’s largest investor in software & service businesses, has this morning reported interim results to 30 June 2020, with NAV and share price total returns coming in at (7.3%). The portfolio ended the period valued at a multiple of  20.6x EV/EBITDA. Over £250m returned to HGT Over £250m was […]

In QuotedData’s morning briefing 14 September 2020:: Martin Currie Global Portfolio (MNP) held up well over its interim results period to 30 June 2020, delivering a total NAV return of 8.4%. The result was well ahead of MNP’s benchmark, at 0.2%. MNP sits in the global sector, with healthcare and technology making up about half of […]

At the end of last year, there was a growing feeling in many quarters that markets had run ahead of themselves and the global economic expansion since the financial crisis was faltering. Investors casting around for a safe place to hide had the option of choosing one of a handful of funds that focus on […]

In QuotedData’s weekly news show 11 September 2020 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 and Richard Williams covered the week’s top stories: Standard Life UK Smaller companies’ results A rush of announcements from Hipgnosis that could change the nature of […]

Ruffer has announced its annual results for the year ended 30 June 2020, which the chairman, Ashe Windham has described ‘as an excellent set of audited results’. He goes on to say that this is the result that the Directors were confident that the Manager would achieve when the crisis, of whatever stamp and timing, […]

LondonMetric Property (LMP) has announced that it has sold a portfolio of six distribution warehouses for £57.3m to Canmoor and AIMCo (a Canadian institutional investor) reflecting a blended net initial yield of 5.3%. LMP has built the portfolio over a number of years, which includes last year’s acquisition of A&J Mucklow. LMP says that the disposal will crystallise an £8.8m profit on cost and […]

Hipgnosis Songs Fund has announced that it has acquired the music catalogue of Chrissie Hynde, founding member, lead vocalist and primary song writer of The Pretenders. Hipgnosis has acquired 100% of Chrissie’s music publishing catalogue of 164 songs including the publishing and writer’s share (PRS) from the Pretenders and her other projects. About Chrissie Hynde […]

In QuotedData’s morning briefing 11 September 2020: Schroder Asian Total Return has published its interim results for the half year ended 30 June 2020. The chairman, Sarah MacAulay, says that, the trust provided a NAV total return of 6.1% in the period, outperforming both the return of the reference Index of 0.7% and of the peer group […]

Secure Income REIT reported a 6% fall in property valuations in half-year results, mainly due to a 20.3% write down in the value of its budget hotel portfolio. The company is the biggest landlord to Travelodge, which secured a controversial CVA earlier this year that wiped millions off its rent bill. Secure Income REIT’s portfolio […]

In QuotedData’s morning briefing 10 September 2020: Capital & Counties has sold a block of property, that it has dubbed “the Wellington block”, for £76.5m. The block comprises 25-31 Wellington Street, 23 Wellington Street, 15 Exeter Street, 12 & 14 Burleigh Street and Burleigh House, currently providing approximately 66,000 square feet of lettable space. The buyer […]

SDCL Energy Efficiency buys CHP portfolio – SDCL Energy Efficiency Income Trust has bought a portfolio of energy efficiency projects in the UK from GET Solutions, a leading UK energy solutions provider for businesses. The initial cash consideration is approximately £5m to be invested over the next four months to acquire an initial portfolio, with an […]

Hipgnosis buys Big Deal Music – Hipgnosis Songs Fund Limited has acquired the entire share capital of Big Deal Music Group. Big Deal Music is a boutique full-service song company which owns a portfolio of copyright interests in global hit songs including Shawn Mendes’ ‘Stitches’ and ‘Treat You Better’, One Direction’s ‘Story of My Life’, Panic at […]

New CEO for British Land – Chris Grigg has informed the board of British Land of his intention to step down as CEO and from the British Land board. Chris will step down as CEO following delivery of the company’s 2021 interim results on 18 November 2020 and leave the board and the company on 31 […]

UK Commercial Property REIT (UKCM) has fully let its 377,070 sq ft XDOCK377 logistics unit at Magna Park in Lutterworth to Armstrong Logistics, a pan-European distribution company. Armstrong Logistics has signed a 15.5-year lease with open market rent reviews at £6.50 per sq ft, in line with estimated rental value (ERV), which will add a […]

AEW UK REIT said it expects to collect 87% of rent by the end of the current quarter. The company, which owns a diversified portfolio of 34 regional UK commercial property assets, set out the following rent collection figures for the quarter commencing 24 June 2020 (as at 7 September): Received – 85% Payment expected prior […]

Hipgnosis Songs (SONG) announced that the company has invested approximately 82% of the net proceeds from its July C share fundraising. Accordingly, the board has announced that the company intends to convert the C shares (Ticker: SONC) into ordinary shares (Ticker: SONG). Increase in target dividend to 5.25p The board also announced an increase in […]

Over CQS Natural Resources Growth & Income’s (CYN) annual results period to 30 June 2020, the company returned (10.6%) and (5.9%) in total NAV and share returns. In the sections that follow, we include commentary from the fund’s managers, Ian Francis, Keith Watson, Rob Crayford, on precious metals, base metals and gold. Precious metals – ‘Low […]

Standard Life UK Smaller (SLS) has reported its annual results to 30 June 2020, with total NAV and share returns coming in at (0.5%) and (0.1%) respectively. The company’s reference index, the Numis Smaller Companies plus AIM (ex-investment companies) index, returned (10.7%). March was a particularly sombre month for the UK smaller companies sector – […]