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: • Greencoat UK Wind (0:25) • abrdn Diversified Income & Growth (6:40) • Hipgnosis (12:10) This week’s interview was with Richard Sem from Pantheon Infrastructure […]
Like me, you may have been looking at your portfolio of investment companies over the past 18 months or so and swinging between despair and puzzlement. I keep asking the question, how can so many ostensibly good companies be so out of favour? Take Greencoat UK Wind, for example, which I bought for my portfolio […]
Apax Global Alpha (AGA) has announced that the Apax Global Impact Fund (AGI), in which it is a limited partner, has acquired GAN Integrity, which it describes as a leading provider of technology that enables proactive, integrated, real-time management and monitoring of third-party and employee risk, ethics and compliance. AGA says that the investment will […]
Digital 9 Infrastructure (DGI9) has announced that after considering feedback received from its shareholder consultation (announced on 17 October 2023), its board is assessing the possibility of divesting the company’s entire stake in the Verne Global group of companies. DGI9’s board says that it has already received indicative offers for the entire position during the […]
In QuotedData’s morning briefing 27 October 2023: Mid Wynd International (MWY) has announced that Mr David Kidd, its senior independent director, will become chairman of the board following the retirement of Russell Napier at conclusion of the 2024 AGM. Mr Kidd joined MWY’s board in November 2016, becoming the senior independent director in October 2022. […]
Following its AGM and EGM, the board of Hipgnosis Songs Fund announced that the company has failed to pass its continuation resolution. As a result, the board will put forward proposals for the reconstruction, reorganisation or winding-up of the company to shareholders for their approval within the next six months. 71.5% of those voting opposed […]
Over the 12 month period ended 31 July 2023, JPMorgan Global Emerging Markets Income beat its benchmark by a decent margin, returning 9.2% in NAV terms and 12.6% in share price terms againsty a return of 2.5%. The company’s net revenue of £16.9m was down from £18 .1m for the prior year, in part due […]
Schroder Income Growth has reported results for the 12 months ended 31 August 2023 NAV total return increased by 4.03% to 220.6p (31 August 2022: 211.7p), but underperformed versus the FTSE All-Share Index return of 5.2%. The discount widened to end the year at 8.9% and so the return to shareholders was -3.0%. Dividend per […]
Greencoat UK Wind will increase in its annual dividend target to 10p and launch a share buyback programme of up to £100m. From admission to the London Stock Exchange on 27 March 2013 to 30 September 2023, the company has generated £1,764m of cash flow, paid £887m of dividends and reinvested £877m of excess cash […]
abrdn Diversified Income and Growth has announced the outcome of the strategic review process that started on 20 June 2023. Outcome of the strategic review As noted at the outset of the strategic review, the board has been encouraged that, in exceptionally volatile markets, Nalaka De Silva and the wider investment team have continued to […]
In QuotedData’s morning briefing 26 October 2023: Hipgnosis (SONG) says that Andrew Wilkinson and Paul Burger have resigned as non-executive directors of the company ahead of today’s AGM. [Expect more news later.] Oakley Capital Investments (OCI) reports that the Oakley Capital Origin Fund I has agreed to acquire a stake in Webcentral DEH, a leading […]
The Crystal Amber Fund (CRS) announced its final results for the year ended 30 June 2023. Net Asset Value per share decreased by 4.6% over the period while the company also returned £37.5m to shareholders, as it goes through the realisation of its assets, bringing total returns of capital to more than £100 million. At […]
In QuotedData’s morning briefing 25 October 2023: NB Monthly Income Fund (NBMI), which is undergoing a managed wind down, has advised that it intends to distribute to shareholders an aggregate amount of approximately £23,537,000 by way of a partial compulsory redemption of shares on 13 November 2023. Pursuant to the compulsory redemption, the company will […]
Alliance Trust Stock Pickers Kishore Rao, from Sustainable Growth Advisers, and Heather Peirce, from Black Creek Investment Management, give their perspectives on the AI debate. Filmed: August 2023 previous story | next story
VinaCapital Vietnam Opportunity Fund (VOF) announced its annual results for the period ended June 30, 2023. NAV total return in USD terms was -0.4% and the share price total return was -3.1%. While the VN Index is not a benchmark for the company, it serves as a useful comparison. Over the same 12-month period, the […]
In QuotedData’s morning briefing 24 October 2023: Following its recent strategic review, the board of Hipgnosis Songs Fund Limited (SONG) announced that it did not receive a superior offer as part of the Go-Shop process in connection with the first disposal. The company was in contact with 17 parties at the beginning of the Go-Shop, […]
US activist investor Saba Capital has made its first public move against a UK-listed investment company, writing an open letter to the board of European Opportunities trust. It says that it intends to vote against the conditional tender offer that the trust has proposed and against the continuation of the trust. [Despite its 5% stake, […]
CQS Natural Resources (CYN) has released its annual results for the 12 month period ending 30 June 2023. Over the period CYN reported a NAV total return of 3.5% and share price total return of -0.2%, which compares to a 6.3% return of its composite benchmark, a blend of the EMIX Global Mining Index and […]
In QuotedData’s morning briefing 23 October 2023: GCP Infrastructure (GCP) announced an update to its NAV valuation. As of 30 September 2023, its NAV per share was 109.8p, a 0.23% decrease on its 30 June 2023 value. The largest impairment to GCP’s valuation came from a period of very low wind speeds and exceptionally dry […]
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: • Hipgnosis (0:31) • Syncona (8:06) This week’s interview was with Tom Williams from Downing Renewables and Infrastructure – watch it again here.
Calling the direction of global markets is not an easy task. Be it the whims of central bankers, the next hottest thing in tech up-ending the market, or the seemingly constant stream of geopolitical crises – what we once thought was the calm after the COVID-19 storm may have only been the eye, as today […]
Gabelli Merger Plus+ (GMP) has published its annual results for the year ended 30 June 2023, during which it provided NAV and share price total returns of 10.54% and 1.33% respectively (in US dollar terms). It compares itself primarily against the US 3-month treasury bill index, which returned 3.80% although given the radically different risk […]
abrdn Asia Focus (AAS) has released its annual results for the year ended 31 July 2023. There are a number of key highlights from the report but we think that the most interesting of these is the announcement that veteran Fund Manager, Hugh Young, chairman of abrdn, Asia Pacific, who has headed up abrdn’s Asia […]
In QuotedData’s morning briefing 20 October 2023: Taylor Maritime Investments (TMI) has released its second annual Environmental, Social and Governance (ESG) Report covering the financial year ended 31 March 2023. The report highlights progress made on TMI’s sustainability priorities including decarbonisation, social and community impact, and responsible business practices. This year, TMI obtained independent assurance […]
Syncona has submitted a non-binding proposal to a special committee of the board of Freeline Therapeutics offering to buy all the shares its does not already own for an upfront cash payment of $5.00 per American Depositary Share. This equates to a premium of 20% over the volume weighted average price of $4.16 over the […]
Gresham House Energy Storage’s share price has been weak since its half-year results, when it revealed that low utilisation of batteries by National Grid ESO (ESO) in the power grid’s balancing mechanism was affecting the entire Great British battery energy storage industry. ESO hosted an event on 16 October called ‘Enhancing Energy Storage’ to provide […]
Cordiant Digital Infrastructure has completed its purchase of Speed Fibre DAC. This improves the fund’s portfolio diversification by asset class and geography, with the addition of wholesale and retail fibre services in Ireland. Cordiant Digital says that S”peed Fibre is a cash generative enterprise with a diversified base of blue-chip customers. The Group represents a leading […]
Following feedback from shareholders the board of Hipgnosis Songs Fund has decided to initiate a strategic review. Engagement over recent weeks with shareholders is said to have highlighted a continued belief in the portfolio and growth prospects of the asset class as well as the need for changes by the company in order to deliver […]
In QuotedData’s morning briefing 19 October 2023: Highbridge Tactical Credit (HTCF) will compulsorily redeem almost all of its shares on 1 November 2023 and then go into liquidation. Round Hill Music (RHM) shareholders overwhelmingly approved the takeover by Concord Bidco. The shares will stop trading before the market opens on 31 October and shareholders should […]
In QuotedData’s morning briefing 18 October 2023: NB Global Monthly Income Fund (NBMI) provided an update for the month end September 30. The company noted that the managed wind-down of the portfolio, as described in the circular of 20 December 2022, has been in effect since the EGM shareholder approval of 27 January 2023. In […]
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