The title of this article was changed on 26 March 2020 to correct an error spotted by one of our readers. The UK equity income sector investment company, Temple Bar (TMPL), noted the following in its update to the market: “Going into 2020 the TMPL portfolio was almost fully invested, including borrowings. The manager believed, […]

Pershing Square books astonishing profits on hedges – in an update to our post from 4 March 2020, Pershing Square has revealed that it has cashed in its gains on the hedges it made against market falls. The hedges were designed to provide asymmetric returns – that is to say the potential losses were relatively […]

St Modwen Properties has said it is in a strong position to handle the disruption caused by covid-19. The group has adjourned its AGM, scheduled for 27 March 2020, and therefore payment of its final dividend for 2019 of 5.1 pence per share, which was due to be paid on 3 April 2020, as this requires […]

Private equity company, Oakley Capital Investments (OCI), provided the following update: “OCI has increasingly focused on investing in companies that provide software solutions and digital infrastructure services and that utilise online delivery platforms. These types of business models are potentially less susceptible to disruptions caused by the pandemic compared with the broader economy. Nonetheless, the […]

Bluefield Solar (BSIF) published the following update: “BSIF reconfirms its guidance of a full year dividend of 7.90pps for the financial year ending June 2020. This will be fully covered by earnings and post debt amortisation. Based on yesterday’s closing share price the dividend yield on the forecast full year dividend was 7.05%.”  COVID-19 Contingency […]

In QuotedData’s morning briefing 25 March 2020: The US reached an agreement to provide a $2tn stimulus package Meanwhile, India became the latest country to send its population into lock down Starwood European Real Estate Finance (SWEF) said that it, in line with the FCA’s guidance, it would delay publishing its annual results RM Secured […]

In QuotedData’s morning briefing 24 March 2020: UK goes into lock down, following a number of other European countries BlackRock Greater European will not hold a tender offer in May 2020, reasoning that the discount was under control ahead of the recent volatility Jupiter US Smaller Companies was beating its benchmark at 31 January 2020 […]

BB Healthcare (BBH) has been actively growing over the past year, with issued shares increasing by 36% over the financial year to 30 November 2019. We covered its annual results last month, which you can access by clicking here. The environment has obviously changed beyond recognition since we last wrote on BBH, with Covid-19 developing […]

CATCo Reinsurance Opportunities (CAT) has reported annual results to 31 December 2019. Catastrophic activity over 2019 was relatively benign, following two consecutive years of severe natural catastrophic events. CAT said global insured losses during 2019 are estimated to have amounted to $52bn, in line with the long-term average, compared to 2017 and 2018, which were the […]

The Malaysia and Vietnam-focused property development company, Aseana Properties (ASPL) announced the following update on the impact of the Covid-19 virus: “The board of ASPL has been closely following events related to the Covid 19 virus and has been actively planning how to mitigate the impact of it as much as possible. We have been very […]

Private equity company, Pantheon International (PIN), invests in funds of funds in the primary and secondary market, and directly into private companies through co-investments. Earlier this morning, PIN released a joint-statement from its board and manager: Recent substantial movements in asset prices and currency exchange rates associated with the Covid-19 crisis and its inevitable impact on […]

SDCL Energy Efficiency Income (SEIT), the renewable energy infrastructure company, released an update. The company’s manager and board believe that SEIT’s portfolio remains well placed to continue to generate an attractive total return for investors. SEIT noted: “The company’s portfolio currently consists of 26 energy efficiency investments located in the UK, continental Europe and North […]

The UK and Europe debt (structured finance) fund, TwentyFour Income (TFIF), released an update: “It has been a challenging couple of weeks for obvious reasons, which by turns we have compared to the market volatility seen in late 2018 (the Fed at odds with the market about rate policy, the US-China trade war, Brexit), early […]

Greencoat Renewables (GRP) has made its first investment in continental Europe after reaching an agreement to acquire 51.9MW of operating wind capacity in France. The portfolio of operating wind assets is being acquired from John Laing Group for a total consideration of €30.3m. This will take GRP’s total installed capacity to 528.1MW Entering France’s stable and supportive […]

DP Aircraft I (DPA) is an aircraft leasing company focused on the Boeing 787 Dreamliner series. DPA owns four aircraft, leased to Thai Airways and Norwegian. DPA has released the following update statement: Norwegian misses lease payment but situation fluid as the company is in negotiations with the Norwegian government “The board of DPA announces that, […]

Infrastructure company, International Public Partnerships (INPP), the FTSE 250 listed infrastructure investment company, has released an update: Operational performance of assets continuing as expected The company confirms that the operational performance of its assets continues as expected; Covid-19 has to date had no impact on the company’s cashflow from its investments; and The company’s balance sheet remains […]

Aquila European Renewables Income (AERI) intends to increase its existing investment into Svindbaek Vindkraft HoldCo ApS (Svindbaek), by acquiring three additional wind turbines (Svindbaek II)for a total consideration of approx. EUR 13.2 million. AERI says that in doing so, this completes the acquisition of all wind turbines associated with the Svindbaek wind farm. You can read more […]

The global life sciences fund, Syncona (SYNC), has released the following update pertaining to the Covid-19 outbreak.  “Since the start of the outbreak, SYNC has taken measures to protect its employees, primarily centred around remote working, to help ensure that the company can continue to operate with as minimal disruption as possible. The company has formed […]

Baillie Gifford’s Schiehallion Fund (MNTN) has released inaugural annual results, covering the period from 4 January 2019 to 31 January 2020. The growth capital sector company invests in late-stage private companies. It raised gross proceeds of US$477 million at launch on 27 March 2019. During the period from 27 March 2019 to 31 January 2020, the company’s […]

3i Infrastructure (3IN) has released a performance update for the period from 1 October 2019 to 18 March 2020. With a market capitalisation of about £1.95bn, 3IN is one of the largest investment trusts, alongside two other infrastructure sector companies, HICL (HICL) and International Public Partnerships (IPP). Financial update – £720m cash available Total available liquidity of over […]

India Capital Growth (IGC) released its annual results this morning, covering the period to 31 December 2019. It was another difficult year for the Indian stock market and for Indian small and mid-cap stocks in particular. The company’s NAV per share declined by (12.9%) while the discount widened from (14%) to (20.4%) over the year.    […]

Electra Private Equity (ELTA) main stakes are in TGI Fridays, the restaurant chain, and Hotter Shoes. The company said the following in an update: “As with most businesses the current trading position and valuation of the portfolio companies of ELTA are being materially impacted by the countermeasures to the Covid-19 virus announced by the UK Government. […]

Several property companies have updated the market on the impact of Covid-19 on their business. Here we have rounded up the latest. Yesterday we reported updates from NewRiver REIT, Schroder REIT and Civitas Social Housing. You can read them by clicking the links. QuotedData has also published a piece looking at the likely long-term impact […]

Starwood European Real Estate Finance (SWEF) invests in the property – debt sector. It said the following in an update statement this morning: “SWEF notes the recent negative price movements in the company’s shares and provides an update in light of the current disruption to markets as a result of COVID-19. The company currently has […]

The global sector company, Manchester and London (MNL), delivered a total NAV return of 3.4% over the six-month period to 31 January 2020, 4.2% ahead of its benchmark, the MSCI UK investable market index. MNL focuses on the technology, healthcare and consumer sectors. The company released the following breakdown: Total return of underlying sector holdings in local […]

Financials-sector company, EJF Investments (EJFI) has released an update statement: “As the impact of COVID-19 and the responses of various authorities permeate, we continue to closely monitor all relevant markets. We continue to believe that the company’s underlying assets remain robust and are able to withstand significant stress following various financial and regulatory improvements witnessed […]

Nippon Active Value (NAVF) launched last month on the London Stock Exchange, raising £103m (click here to read more). The company is an activist investor in smaller Japanese companies. It has released an update on its progress since launching. “It would be an understatement to say that market conditions have changed over the last month. […]