BioPharma Credit loan to Sarepta, as FDA approves Vyondys BioPharma Credit (BPCR), the LSE-listed life sciences debt investor, is to extend a loan of up to $350m to the US listed biotech, Sarepta Therapeutics (Nasdaq: SRPT), as part of a $500m senior secured term loan arranged by its manager Pharmakon Advisors, with the remainder provided […]
Aberdeen Standard European Logistics Income (ASLI) has signed an agreement to acquire a logistics warehouse in the Netherlands for €49.9m. The group has bought a 43,000 sq m facility in Den Hoorn at a net initial yield of 4.5%. The transaction is expected to close in January 2020. The newly built facility, which is located within the Randstad […]
In QuotedData’s other news 16 December 2019 – Gresham House Energy Storage (GRID) acquired two operational battery storage facilities totalling 50MW from VLC Energy, a joint venture between Low Carbon and VPI Immingham a subsidiary of Vitol Group, for £29.2 million. The facilities comprise a 40MW facility at Glassenbury, Kent, and a 10MW facility at […]
Schroder AsiaPacific says situation in Hong Kong remains of concern – Schroder AsiaPacific (SDP) delivered an NAV total return of +1.8%, which was slightly behind the benchmark which rose +2.2%. Key positives were stock selection in Taiwan and Korea, while non-index exposures to Australia and the Netherlands also added value. Stock selection in India was also strong, […]
Scottish Investment Trust increases dividend for 36th consecutive year – The Scottish Investment Trust (SCIN) has reported the following financial highlights for the year to 31 October 2019: Total dividend increased by 20.0%; Regular dividend increased by 7.5% to 22.80p; 36th consecutive year of regular dividend increase; Share price total return +1.0% and NAV total return +0.5%. […]
NextEnergy Solar announces second subsidy-free plant energisation of the year – NextEnergy Solar (NESF) has announced the energisation of Staughton, which it describes as the UK’s largest subsidy-free solar plant with an installed capacity of 50MWp. The Staughton solar plant will cover the yearly electricity demand of approximately 15,000 UK households. It is largely located on a […]
JLEN Environmental Assets acquires anaerobic digestion plant – JLEN Environmental Assets (JLEN) has acquired an anaerobic digestion plant and a associated waste collection business. It has bought a 70% stake in Bio Collectors Holdings (BCH). BCH, through its subsidiary companies holds the rights and operational assets that make up the anaerobic digestion (AD) plant and the Bio Collectors waste […]
In QuotedData’s other news 13 December 2019 – Oryx International Growth (OIG) delivered NAV total returns of 9% over its interim period to 30 September 2019. During the same period, OIG said the relevant smaller companies’ index reported a decline of approximately 7%. The board of Schroder UK Public Private Trust, previously Woodford Patient Capital […]
TwentyFour Select Monthly Income’s 5.2% year-end NAV return led by banking and insurance sectors – Over the year ended 30 September 2019 TwentyFour Select Monthly Income (SMIF) says it performed in line with expectations, generating an NAV total return of 5.16% for the year. As a comparison the Euro high yield index generated a total return […]
Aberdeen Diversified Income & Growth discount widens as NAV returns fall short of wider market – The flexible investment sector company, Aberdeen Diversified Income & Growth (ADIG) has posted annual results to 30 September 2019. While NAV total returns increased by 1.1%, the share price was down by (9%). Chairman, James M Long, noted: “Reflecting this […]
Custodian REIT saw total return fall to 0.5% for the six months to 30 September 2019 as turmoil in the retail market dragged on its results. Net asset value (NAV) per share total return of 0.5% for the period, was down from 4.3% at the same point last year. Share price total return was 8.7% […]
In QuotedData’s other news 12 December 2019 Polar Capital Technology crept closer to the £2bn mark as its NAV grew by 2% over the six months ended 31 October 2019. The benchmark index was a little stronger over this period (up 4%) as very large tech companies (where PCT is underweight) drove the index higher. Gore […]
Aquila buys second Danish wind farm – Aquila European Renewables Income Fund has announced its second acquisition in Denmark and fifth across Europe. The company has acquired 100% of the shares in Svindbaek Vindkraft HoldCo ApS for a total consideration of EUR 25.3m. Svindbaek is an onshore wind farm located on the west coast of Denmark […]
Oakley Capital sells WebPros to CVC – Oakley Capital Investments has agreed the sale of WebPros to CVC Fund VII. Oakley’s share of proceeds is approximately GBP110 million – a 92% premium to the 30 June 2019 interim carrying value. The sale results in an uplift of 26 pence per share in the NAV, an […]
Hipgnosis buys Jack Antonoff catalogue – Jack Antonoff is lead singer of Bleachers, founding member of Grammy Award winning band Fun. and a songwriter and producer who has collaborated with Taylor Swift, Lana Del Ray, Lorde, Pink, St Vincent and many others. Jack will maintain an interest in the catalogue and work closely with Hipgnosis in […]
Majedie results make grim reading – Over the year ended 30 September 2019, Majedie Investments’s NAV total return was -9.9%. Shareholders fared a bit better than this, with a -3.5% return but both numbers look fairly bad against returns for the All Share and MSCI World of +2.7% and +7.3% respectively. The dividend was upped […]
Perpetual Income and Growth reaction to Edinburgh Investment Trust management change decision – The board of Perpetual Income and Growth (PLI) has issued a statement following the news this morning that Edinburgh Investment Trust (EDIN) was replacing Mark Barnett (Invesco) as its manager following a period of underperformance (click here to read more on this). PLI […]
In QuotedData’s other news 11 December 2019 – UK growth & income company, Edinburgh Investment Trust (EDIN) has decided to replace Invesco as manager (Mark Barnett is the lead manager) and has today announced that it has entered into heads of terms for the appointment of Majedie Asset Management (Majedie). The appointment of Majedie as EDIN’s […]
Merian Chrysalis approaching three quarters deployment with latest investments – Merian Chrysalis (MERI) has announced an investment of €14.4m, as part of a funding round conducted by wefox Group. The company invested by way of a convertible loan note. wefox Group was founded in Berlin in 2015 and has already established itself as one of Europe’s largest and […]
Hipgnosis Songs reports interims and says pipeline worth more than £1bn – Hipgnosis Songs (SONG) has reported interim results this morning, covering the six-month period to 30 September 2019. As at 30 September 2019, the company had deployed approximately £199.5m during the interim period and £319.4 million in total since IPO on 27 catalogues (7,475 songs). […]
QuotedData attends Tritax EuroBox’s annual results – QuotedData attended Tritax EuroBox’s (EBOX/BOXE) inaugural annual results presentation earlier today. Here are a selection of highlights followed by some takeaways from manager Nick Preston’s presentation. Since launching in mid-2018, with a £300m initial public offering (IPO), EBOX has built a ten-asset warehouse and logistics portfolio that was most recently valued at […]
SEGRO has exchanged contracts to sell a portfolio of UK big box warehouses for £241m, in line with book value. The company said it would recycle the capital into its existing and future development programme. The portfolio, which comprises seven assets, has generated a blended ungeared IRR of approximately 11% since SEGRO acquired them. Morgan Stanley Real […]
Henderson European Focus to increase focus – In its results, released yesterday evening, Henderson European Focus Trust said it had lagged its benchmark a little over the year to the end of September 2019. It returned 4.3% in NAV terms against a 6.4% return for its benchmark. Shareholders saw a return of 3.1% as the […]
Hipgnosis buys Kaiser Chiefs catalogue – Hipgnosis Songs Fund has acquired a music catalogue by the English indie band, the Kaiser Chiefs from B-Unique. The Kaiser Chiefs’ 2005 debut album ‘Employment’, which won the Ivor Novello Award for “Best Album”, is certified 6x platinum in the UK and includes the platinum certified ‘I Predict a Riot‘, […]
In QuotedData’s other news 10 December 2019 Greencoat Renewables raised €125m in an oversubscribed placing of new shares. 110,619,469 shares to be issued at €1.13. The money will be used to pay down debt and buy additional assets. We also have stories on a German offshore wind acquisition by The Renewables Infrastructure Group, SEGRO selling a […]
Renewables Infrastructure buys German offshore wind farm – The Renewables Infrastructure Group (TRIG) has exchanged contracts to acquire a c.36% equity interest in Merkur Offshore, a 396MW operational offshore wind farm located in the German North Sea. TRIG has partnered for the acquisition with the Dutch pension investor APG, who will acquire the remaining c.64%. At, […]
Capital & Counties has converted to a UK REIT following the sale of its interests in Earls Court. Under the REIT regime, the group will no longer pay UK direct tax on profits and gains from qualifying rental business. Following the sale of Earls Court for £425m, the company has positioned itself as a prime […]
Major announcement from Hadrian’s Wall Secured Investments regarding its future – A major announcement from the board of Hadrian’s Wall Secured Investments (HWSL). Having consulted with shareholders representing a significant proportion of the company’s shares, the company’s board has determined that the trust should not continue in its current form. The board is now undertaking a […]
Schroder European Real Estate underlying properties deliver 7.7% total return – Schroder European Real Estate (SERE) delivered the following operational highlights over its financial year to 30 September 2019: Agreed a conditional new long-term lease and capex programme at the Group’s largest asset, Boulogne-Billancourt office in Paris, providing future potential capital value and income upside; Portfolio […]
New data from Syncona’s Autolus holding – Syncona (SYNC), a leading healthcare company focused on founding, building and funding global leaders in life science, has this morning made note of the announcement that its portfolio company, Autolus Therapeutics (Autolus), announced new data highlighting progress on its next-generation programmed T cell therapies to treat patients with relapsed/refractory diffuse […]
