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Investment Companies News

Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).

05 Dec 2023
230818 EBOX Mango, Barcelona

Tale of two halves for Tritax EuroBox as values stabilise

It was a year of two halves for Tritax EuroBox, which reported a large fall in EPRA net tangible assets (NTA) over the year to 30 September 2023 driven by falls in the value of its portfolio in the first half of its financial year. The value of the group’s European logistics portfolio fell by […]

Sectors
04 Dec 2023

Life Science REIT makes major letting at Oxford tech campus

Life Science REIT (LABS) has completed a major letting at its Oxford Technology Park asset to Oxford Ionics, an Oxford University spinout and pioneer in quantum computing. The letting for the entire Building 6A, comprising 29,661 sq ft of space sees Oxford Ionics (an existing occupier of the park) increase its footprint at the campus […]

Sectors
04 Dec 2023

QuotedData’s morning briefing 4 December 2023 – GSF, SEQI, SYNC, SBO, INOV, IGC, JLEN, SEIT

In QuotedData’s morning briefing 4 December 2023: Gore Street Energy Storage Fund (GSF) has announced that its investment manager, Gore Street Capital, has been selected as the co-manager of Japan’s first dedicated fund for grid storage batteries, with the Tokyo Metropolitan Government as the cornerstone investor, contributing £10.6m to the fund. Sequoia Economic Infrastructure Income Fund […]

Companies
01 Dec 2023
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news update 1st December

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: abrdn China and Fidelity China Special Solutions (1:08) Troy Income and Growth and STS Global Income and Growth (4:33) Vietnam Holding (8:16) Digital 9 Infrastructure […]

Geographies
  • Asia
  • Global
  • UK
Sectors
Companies
01 Dec 2023
a kayaker in rapids

QD view – a sector in turmoil

Another week, another bout of corporate activity. Subject to shareholder approval, abrdn China is to be absorbed by Fidelity China Special Situations, and Troy Income and Growth will merge with STS Global Income and Growth. In addition, abrdn European Logistics Income announced a strategic review, Downing Renewables and Infrastructure Trust said that it would consider […]

Companies
01 Dec 2023
240617 macro biotech

Life Science REIT disposes of Oxford asset to focus on large scale developments

Life Science REIT (LABS) has completed the sale of Lumen House in Oxford for £7.65m to Harwell Science and Innovation Campus, a joint venture between Brookfield and the UK Atomic Energy Authority together with the Science and Technology Facilities Council. The disposal price represents a 5.6% net initial yield and is 2% ahead of June […]

Sectors
01 Dec 2023

Tritax EuroBox sells Swedish scheme at substantial premium

Tritax EuroBox (EBOX) has exchanged contracts for the sale of its redevelopment site in Malmö, Sweden to a data centre owner-occupier for a headline price of SEK320 million (€28m). The net sale price is 39% above the valuation as at 31 March 2023. EBOX acquired the property with the intention of redeveloping the site for […]

Sectors
01 Dec 2023
221222 christmas morning

QuotedData’s morning briefing 1 December 2023 – BSIF, USF, BPCR

In QuotedData’s morning briefing 1 December 2023: Bluefield Solar (BSIF) has announced a number of changes to the roles and responsibilities of some of its directors. First, Chris Waldron has now been appointed as a non-executive director of BSIF with effect from 1 December 2023. He has also been appointed to each of BSIF’s established […]

Geographies
  • Global
  • North America
  • UK
Sectors
Companies
30 Nov 2023
a man leaning out of a red train window as it runs alongside a hedge

BlackRock Frontiers delivers impressive performance

Over the year to 30 September 2023, BlackRock Frontier Markets produced an NAV total return of +25.1% (in US dollars), compared to an increase in its benchmark index of +5.0%. For Sterling based shareholders, the equivalent return for the year was +14.3%, with the index returning -3.9%, representing an outperformance of 18.2%. The discount narrowed […]

Geographies
  • Africa
  • Asia
  • Central and South America
  • Emerging Europe and Russia
30 Nov 2023
headshot of Thomas Moore

Narrowing discount boosts abrdn Equity Income

In NAV terms, the 12 months ended 30 September 2023 were not great for abrdn Equity Income, which generated a return of 1.8%, lagging its All-Share Index benchmark by 12 percentage points. However, a narrowing discount rescued the situation somewhat, leaving shareholders with a return of 11.4% for the period. The chair’s statement notes that […]

30 Nov 2023
a headshot of Sat Duhra

Woeful results from Henderson Far East Income spell change of manager

Over the 12 months ended 31 August 2023, Henderson Far East Income delievered an NAV return of -13.0% and a share price return of -14.8% as compared to a -7.2% return on the FTSE All-Word asia Pacific ex Japan Index and a +0.1% return on the MSCI AC Asia Pacific ex Japan High Dividend Yield […]

30 Nov 2023

More detail on RM Infrastructure Income winddown proposals

RM Infrastructure Income (RMII) has published a circular convening a meeting to approve its managed winddown. In September, the manager’s run-off profile of the portfolio showed a forecasted weighted average remaining life of about 1.7 years from end-October 2023, with a liquidation of the company occurring in the second half of 2027. The manager has […]

Sectors
30 Nov 2023
someone reading a newspaper with a piece of toast and a mug of coffee next to them

QuotedData’s morning briefing 30 November 2023 – RC2, CTUK, LXI

In QuotedData’s morning briefing 30 November 2023: Following the passing of a resolution at its AGM yesterday, Reconstruction Capital II (RC2) will have its last day of dealings on AIM on 18 December 2023. CT UK Capital and Income (CTUK) published results for the 12 months ended 30 September 2023 that show it just failing […]

Companies
29 Nov 2023
a newspaper poking through a letterbox 230731 morning

QuotedData’s morning briefing 29 November 2023 – FCSS, CORD, SDV

In QuotedData’s morning briefing 29 November 2023: Cordiant Digital Infrastructure (CORD) announced its interim results for the six months to 30 September 2023. The NAV total return was 1.1% while shares fell 12.4% with the company’s discount widening to 38%. Despite the returns, portfolio performance was robust. EBITDA for the six-month period increased 5.5% to […]

Companies
28 Nov 2023
digital9 infrastructure logo

Digital 9 Infrastructure sells Verne Global and announces strategic review

Digital 9 Infrastructure (DGI9) has announced that it has entered into a definitive agreement to sell its entire stake in the Verne Global group to funds managed or advised by Ardian France SA for up to US$575m (approximately £456m). The sale price has deferred and contingent elements as explained below. There are also a number […]

Sectors
28 Nov 2023

abrdn China and Fidelity China Special Situations propose tie up

Abrdn China Investment Company (ACIC) and Fidelity China Special Situations (FCSS) have announced proposals to merge ACIC into FCSS. This will be implemented via a voluntary wind up and reconstruction of ACIC that will see a transfer of part of its cash and into FCSS in exchange for new FCSS shares. Assuming that the merger, […]

Sectors
28 Nov 2023

Proposed combination of Troy income and STS Global Income & Growth Trust

As noted on November 3, Troy Income (TIGT) has announced that terms have been agreed for a proposed combination of TIGT with the STS Global Income & Growth Trust (STS). Following implementation of the proposals, the enlarged STS will continue to be managed, on the same basis as currently, by Troy Asset Management Limited with James […]

Sectors
28 Nov 2023

Tritax EuroBox completes Italian job, fully letting Turin asset

Tritax EuroBox has agreed a second lease at its two-unit asset in Settimo Torinese, a prime logistics location near Turin, Italy. The new six-year lease has been secured with the same leading Italian logistics provider which signed a lease for the other unit in August 2023. The letting for the second unit (14,197 sqm) at […]

Sectors
28 Nov 2023

Long term potential for Keystone Positive Change

Keystone Positive Change (KPC) has announced its annual results. Over the year to 30 September 2023, the company’s net asset value per share total return was 7.0% compared to a total return of 11.0% for the comparative Index (in sterling terms). The share price total return for the same period was 6.0% as the discount […]

28 Nov 2023

Tritax Big Box REIT updates on sales progress

Tritax Big Box REIT has announced that it has sold six assets so far in 2023 for a total of £327m. These disposals were conducted at or above most recent valuations, the company said, and delivered a blended net initial yield of 4.34%. The announcement provided top line detail on the assets, but it appears […]

Sectors
28 Nov 2023
230124 morning

QuotedData’s morning briefing 28 November 2023 – JARA, AUGM

In QuotedData’s morning briefing 28 November 2023: JPMorgan Global Core Real Assets (JARA) announced its interim report for the period ended August 31, 2023. The net asset value total return was -4.6%, whilst total return to shareholders was -7.8%. Underlying asset performance in local currency was +0.7%. Currency was the key negative contributor to company […]

27 Nov 2023
two Vietnamese fisherman fishing in a traditional manner

Vietnam Holding introducing annual redemption facility

Vietnam Holding holds continuation votes every five years and the next is due this December. Dynam Capital has been managing the fund since June 2018. Over that period (up to end September 2023), the NAV is up 43%, outperforming the Vietnam Index by 30% and the Vietnam All Share Index by 20%. Over the past […]

Sectors
27 Nov 2023

DORE floats the idea of a partial sale of its hydro assets

Downing Renewables and Infrastructure Trust (DORE) has released its operational update and NAV for the three months ending 30 September 2023. DORE’s NAV was £217.1m, or 118.7p per share for 30 September 2023, a 0.6% increase over the three months. A dividend of 1.345p per share was paid for the third quarter. DORE NAV movements […]

Sectors
27 Nov 2023

abrdn European Logistics Income launches strategic review into future

abrdn European Logistics Income (ASLI) has launched a strategic review into the future of the company that could result in its sale or merger with another company. The company, which invests in mid-box and urban logistics real estate in Continental Europe, said that it is “facing a number of challenges, at both a macro and […]

Sectors
27 Nov 2023
Greencoat UK Wind ushers in era of subsidy free renewable energy

Chrysalis breaks out on its own

The board of Chrysalis (CHRY) has given an update on the trust’s investment management agreements, intending to maximise shareholder value. Following a consultation by Rothschild & Co Equity Markets Solutions the board has recommended several new adjustments to CHRY’s investment management agreements. However the board is of the belief that the current managers, Richard Watts […]

Sectors
27 Nov 2023

QuotedData’s morning briefing 27 November 2023

In QuotedData’s morning briefing 27 November 2023: JLEN Environmental Assets (JLEN) released its half year results for the period ending 30 September 2023. Its NAV decreased from 123.1p per share to 119.7p over the 6 months. JLEN reported a NAV total return of 1.4% over the period, with its overall portfolio valuation remaining flat at […]

24 Nov 2023

QD View – AI euphoria gone too far?

The bizarre comings and goings at OpenAI have been dominating business headlines recently. I must admit, I find the ongoing delirium surrounding artificial intelligence somewhat tiring. While I’m certainly not qualified to debate the finer details of the technology, it seems to me that for most people, the extent of it so far amounts to […]

Companies
24 Nov 2023
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news update 24th November

Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Richard Williams and Andrew Courtney covered the week’s top stories: NextEnergy Solar Fund NESF (0:34) The Autumn Statement (2:46) Sirius Real Estate (4:20) UK Commercial Property REIT/Picton (8:43) This week’s interview was […]

24 Nov 2023

Scottish Mortgage investor webinar: your questions answered

What two questions should an investor ask themselves if a company’s share price goes up? Join Scottish Mortgage’s decision-makers as they answer this and the questions put to them by its shareholders. “We believe that the value created by a small number of exceptional companies over the long run is the way to make money. […]

Sectors
24 Nov 2023
Two men wrestling, one has the other pinned to the floor

Asia Energy Impact pleads for vote against liquidation

Asian Energy Impact Trust (the former ThomasLloyd Energy Impact Trust) has a portfolio of 11 operating assets across India, the Philippines and Vietnam as well as two “pre-operational” assets, meaning in development or in construction, both in India. These two projects are the in-construction 200 MW DC solar PV project in Rewa Ultra Mega Solar […]

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