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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
QuotedData’s morning briefing for 24 November 2023 CT Private Equity Trust (CTPE) released its quarterly update for the three months ended 30 September 2023. CTPE reported a NAV per share of 696.3p, reflecting a total return of 3.3% for the quarter, as well as a share price total return of 0.4%. A quarterly dividend of […]
Hipgnosis Songs Fund (SONG) has provided an update following the vote against continuation at its recent AGM on 26 October 2023. As part of a strategic review, the board intends to appoint independent advisers to conduct due diligence on the company’s assets to identify alternative proposals for the future of the company. The board has […]
In QuotedData’s morning briefing 23 November 2023: abrdn New India Investment Trust (ANII) announced its interim report for the six months to September 30 2023. Share price total return for the period was 13.7% while the NAV was up 13.2% with the discount narrowing slightly to -18.7% at last close. While impressive on an absolute […]
There is a lot of detail in the Autumn statement beynd the headline grabbing news of National Insurance cuts and alchohol duty freezes. With respect to our industry, we have the following: UK Retail Disclosure Framework – The government has published a draft statutory instrument setting out how it will replace the retained EU law […]
NextEnergy Solar Fund (NESF) announced its interim results for the period ended 30 September 2023. The NAV fell by 5.2% while shares fell 6.6%, further widening the company’s discount to around 21%. The company raised its dividend by around 13% on the year prior. The company has taken steps to manage its discount, introducing a […]
LXI REIT is close to selling a portfolio of Travelodge hotels for £210m. The deal is under offer, with contracts in solicitors’ hands, on the sale of the 66 Travelodge hotels. The sale price of £210m is in line with current book value (as at 30 September 2023), the company said. If completed, the majority […]
In QuotedData’s morning briefing 22 November 2023: HICL Infrastructure (HICL) announced its interim results for the six months ended September 30 2023. NAV total return fell 3% over the period reflecting the increase of the portfolio’s weighted average discount rate from 7.2% to 8.0%. Transaction activity remained robust, totalling £532m, while the company also reduced […]
Schroder REIT has proposed amendments to its investment objective and policy, and to its investment management agreement, to include sustainability at the centre of its investment proposition. The sustainability improvement and decarbonisation strategy will focus on adapting existing buildings in its portfolio into those that are both modern and fit for purpose, that it says […]
Dunedin Enterprise says that regulatory approval for its sale of Premier Hytemp (a manufacturer and supplier of engineered metal solutions held via the trust’s interest in Dunedin Buyout Fund II LP) has been secured. As at 30 September 2023 the investment was valued at £4.9m and the proceeds received from the transaction will match that. […]
Sirius Real Estate raised £146.6m in a placing. The company said the net proceeds enable it to execute on a significant near term pipeline of attractive acquisition opportunities. The capital raise comprises the issue of 170,417,384 new ordinary shares, which represent around 14.5% of the share capital of the company prior to the raise. The […]
UK Commercial Property REIT (UKCM) has terminated discussions with Picton Property over a possible merger of the companies. It was announced on 8 November that discussions between the two parties over an all-share merger on a NAV by NAV basis had commenced after Picton approached UKCM. Today, UKCM said that its largest shareholder – Phoenix […]
In QuotedData’s morning briefing 21 November 2023: Gresham House Energy Storage (GRID) says that its 50MW West Didsbury project has been successfully energised, taking the portfolio’s operational capacity to 690MW. It is expected to be revenue generating in December. Installing two-hour batteries at West Didsbury in early 2024 will take the capacity of the site […]
Sirius Real Estate (SRE) is looking to raise £145m in a placing. This will enable the company to acquire a near-term pipeline of opportunities, following the recent acquisition of assets in Liverpool, Barnsley and three in North London, for a total of £45m. The capital raise will comprise an institutional placing that will be made available […]
In QuotedData’s morning briefing 20 November 2023: Seraphim Space Investment Trust (SSIT) has released its Q1 update. Highlights include a further £4.1m, invested in two projects over the quarter. Portfolio value increased to £199.9m up £12.4m, due to a combination of additional investments, unrealised fair value net gains and an unrealised FX gain. The main […]
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 story: • JPMorgan Mid cap/JPMorgan Smaller Companies This week’s interview was with Joe Bauernfreund from AVI Global Trust. – watch it again here.
The real estate sector got a boost from the lower-than-expected UK inflation figure that was released on Wednesday, which followed a similarly positive update on inflation in the US. The share prices of the London listed property stocks that we track (67 companies in total) were up 2.6% this week on average. November has been […]
Baillie Gifford European Growth (BGEU) has published its annual results for the year ended 30 September 2023, during which it provided NAV and share price total returns of 8.3% and 8.6% respectively, but these were significantly behind its benchmark, the FTSE Europe ex UK Index, which it says returned 20.5% (all figures in sterling terms). […]
In QuotedData’s morning briefing 17 November 2023: Schroder British Opportunities (SBO) has announced that EasyPark Group, one of its private investments, intends to acquire Flowbird Group, which it describes as “a global mobility player providing integrated parking and transportation solutions”. Flowbird Group operates under the brands Flowbird, YourParkingSpace, TPARK, Extenso Cloud, and Yellowbrick. It provides equipment […]
The Association of Investment Companies has issued a press release this morning in which it welcomes Baroness Ros Altmann’s intervention in the debate about the disclosure of investment company costs with the aim of removing investment companies from the scope of the Alternative Investment Fund Managers Directive (AIFMD). This is great news, we think. In […]
Foresight Solar has sold a 50% stake in its Lorca portfolio in Spain to a specialist Luxembourg-based fund advised by EB-Sustainable Investment Management (EB-SIM), a subsidiary of Evangelische Bank for €26.9m. That price represents a 21% premium to their third quarter holding value and an exit IRR of 12.1% on funds invested to date in […]
In QuotedData’s morning briefing 16 November 2023: Bluefield Solar (BSIF) reports that its NAV fell by 3.3p over the third quarter of 2023. The main contributing factors to this were slight underperformance in generation during the quarter, due to lower than expected irradiation, and advanced quarterly payments connected to corporation tax and the Electricity Generator […]
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