Harworth Group delivered a NAV total return of 9.1% over 2024, after seeing EPRA net disposal value (NDV) increase 8.5% driven by gains on development sites and land sales. Over the last five years the company has posted average annual returns of 8.4% against the MSCI All Property Index of 5.1%. EPRA NDV per share […]

In QuotedData’s morning briefing 18 March 2025: Tufton Assets (SHIP) announced its interim results for the six month period ended 31 December 2024. The company delivered a NAV total return of 6% with dividends paid during the period of US$14.0m, at an average 12 month yield of 5.9%. The share price was flat. On average, […]

Putin has published a decree that says that certain firms owning Russian stocks will be able to sell these to a New York based hedge fund – 683 Partners – which will then be able to deal in them in Russia. The decree opens up so many questions about how the firms were selected, who […]

Schroders Capital Global Innovation (INOV) has announced that its portfolio company Araris Biotech AG, has entered into an agreement to be acquired by Taiho Pharmaceutical Co. Ltd. for an upfront payment of US$400m, with the potential for additional milestone payments of up to US$740m. The transaction is expected to be completed in first half of 2025. […]

Pershing Square Holdings Ltd (PSH) has published its annual report for the year ended 31 December 2024. Despite a challenging macro and geopolitical backdrop, the closed-ended fund delivered a NAV total return of 10.2%, while the share price rose 8.3%, as the discount to NAV widened slightly from 29.6% to 31.2% over the year. In […]

Bellevue Healthcare (BBH) has published its annual results for the year ended 30 November 2024, during which it provided NAV and share price total returns of 11.1% and 13.7%, which compare against a return of 11.5% for the MSCI World Healthcare Index (all in sterling terms). BBH’s chair, Randeep Grewal, says that while it is […]

F&C (FCIT) has published its annual results for the year ended 31 December 2024. During the year, FCIT provided NAV and share price total returns of 21.0% and 16.9% respectively, which it says compares against a return of 19.3% for its All-World Index benchmark. FCIT’s discount widened over 2024 from 5.9% at the start of […]

Chelverton UK Dividend (SDV) has published a prospectus in relation to a placing for new 2031 ZDP shares along with recommended proposals for the reconstruction and winding-up of SDV 2025 ZDP Plc and a placing programme for its ordinary shares. SDV is proposing to issue up to 15m new zero-dividend preference shares in 2031 ZDPCo […]

Schroder British Opportunities (SBO) is proposing a material change to its investment policy so that its portfolio is focused entirely on private investments. SBO says that, since its IPO, it has provided a net asset value (NAV) total return of 13.44% and that much of the positive performance of its portfolio has come from the […]

Harmony Energy Income Trust (HEIT) and Foresight Group LLP have announced that they have agreed financial terms for a potential acquisition of HEIT by Foresight at 84p per HEIT share. The proposed transaction values HEIT’s ordinary share capital at £190.8m and is a 29% premium to the undisturbed closing share price of 65.2p on 14 […]

In QuotedData’s morning briefing 17 March 2025: Octopus Renewables Infrastructure Trust (ORIT) has extended the term of its revolving credit facility (RCF) from February 2026 to June 2028 and has significantly reduced the size of the facility from £270.8m to £150m. The updated RCF continues to be provided by ORIT’s four existing RCF lenders: National […]

Begin your cosmic journey with Mark Boggett, CEO of Seraphim Space, and Will Whitehorn, Chair of Seraphim Space Investment Trust as they discuss the current SpaceTech landscape and satellite ecosystem. Exploring how this infrastructure is already being built above Earth, dramatically transforming our capabilities across climate, communications, mobility, and security. Find out how the space […]

Life Science REIT has launched a strategic review into the future of the company that will explore a potential sale or managed wind down. The board said in the announcement: “As set out in its interim results announcement on 26 September 2024, the board acknowledges the challenges and significant headwinds that the company has faced […]

Hg has made an investment in Scopevisio AG, which it describes as a leading innovator in cloud-based business automation. HgCapital Trust (HGT) will invest approximately £4.8m in Scopevisio, alongside other institutional clients of Hg through the Hg Mercury 4 Fund but, otherwise, the terms of the transaction are not disclosed. Hg says that the investment […]

In QuotedData’s morning briefing 14 March 2025: Digital 9 Infrastructure (DGI9) has refinanced the principal outstanding of £53.3m on its existing revolving credit facility (RCF) which was due to expire on 17 March 2025. The renewed RCF, which remains fully drawn, has been made available to the company for a committed three-month term expiring 17 […]

Just days after announcing a recommended cash offer for the company, Care REIT has reported annual results for 2024. EPRA net tangible assets (NTA) were up 3.7% to £493.97m (119.21p per share), reflecting a 4.3% increase in property investments, which were independently valued at £679.0m. EPRA earnings per share were up 2.4% to 8.89p, while […]

Empiric Student Property has reported annual rental growth of 9.3% in 2024 results, as the student accommodation sector continues to thrive. Like for like rental growth for the academic year 2023/24 was 10.5%, while it achieved 7.0% in the 2024/25 academic year. This translated into a 5.0% uplift in EPRA earnings per share 4.2p (2023: […]

Allianz Technology Trust reports an NAV increase of 35.6% over 2024, marginally behind the 35.8% return of its benchmark. The board observes that this was achieved without holding the index-matching weights in the largest companies – avoiding excessive concentration risk. The share price increased by 38.1%, as the discount narrowed. As usual, there’s no dividend. […]

LMS Capital announced a strategic review and a shareholder consultation on 13 February 2025. The board has reached the conclusion that this would be most effectively achieved by a managed realisation of the company’s assets and returns of capital over time. A consideration in this decision was the prevailing and persistent discount to NAV, the […]

Golden Prospect Precious Metals says that over 2024 its NAV rose by 20.4% from 35.81p to 43.10p with a peak value of 55.87p in October. In the meantime, the share price rose from 29.50p to 35.50p, likewise gaining 20.3%, with highs in October at 46.0p. The performance was well ahead of the VanEck Gold Miners […]

In QuotedData’s morning briefing 13 March 2025: Isaac Thong is being appointed lead manager of abrdn Asian Income Fund (AAIF) to work alongside Eric Chan. Isaac is joining Aberdeen’s Asia Pacific Equities team from JPMorgan, where he co-managed JPMorgan Global Emerging Markets Income Trust (JEMI) and the open-ended JPMorgan Emerging Markets Income Fund. He will […]

Law Debenture Corporation (LWDB) announced its annual results for the year ended 31 December 2024. The company delivered a NAV total return of 13.6%, while shares were up 15.9%, outperforming the benchmark index which returned 9.5%. The company delivered a dividend yield of 3.8%. Commenting on the performance, chair Robert Hingley noted: “Law Debenture has […]

Sirius Real Estate has exchanged contracts to acquire a business park and development opportunity in Southampton for a total £40.5m. The company has agreed to acquire Chalcroft Business Park for £36.5m, representing a net initial yield of 5.5%, as well as an adjoining 4.5 acre piece of development land with outline planning permission, for £4.0m. […]

In QuotedData’s morning briefing 12 March 2025: Ruffer Investment Company (RICL) announced its interim report for the six months to 31 December 2024. The company delivered a share price total return of 0.2% while the NAV total return was down 0.4%. The managers noted that the period was a frustrating one, although point out that […]

Cobalt investment company, Cobalt Holdings has announced plans to list on the LSE. Cobalt Holdings is looking to capitalise on the rising demand for the metal, which is a key component of electric vehicles and the broader renewables transition.  The company is aiming to raise £180mn in a May listing and is backed by commodity […]

Mobius Investment Trust (MMIT) announced its annual results for the year ended 30 November 2024. The company delivered a NAV total return of 5.2% marginally trailing the benchmark MSCI Emerging Markets Mid Cap index return of 6.6%. The share price total return was 5.1%, with shares now trading at a 8.2% discount. The manager noted […]