In QuotedData’s other news 15 July 2019: The multi-strategy absolute return fund, Independent Investment Trust (IIT), reported half-year results to 31 May 2019 this morning; the NAV and shares were up by 6.5% and 4.7% respectively. Previously classified as a global fund, IIT is now falls under UK, following the Association of Investment Companies (AICs) recent […]
Polar Capital Technology delivers benchmark beating annuals – Polar Capital Technology (PCT) has this morning announced full-year results to 30 April 2019 with NAV up by 24.7% year-on-year while the shares rose by 17.9%. PCT’s benchmark is the dow jones world technology index; PCT outperformed the benchmark, both last year by 5.6% and this year […]
Adamas Finance signs up partner for Japan ski investment – Adamas Finance Asia (ADAM) has this morning announced that further to the announcement made on 6 December 2018, a family office based in Hong Kong has agreed to participate alongside ADAM in its senior secured loan note facility provided to Infinity Capital Group (ICG). ICG […]
Symphony International adds to India exposure – Asia-focused Symphony International (SIHL) has invested in a minority stake in Good Capital Partners (GCP), the general partner of Good Capital Fund I as well as the owner of investment manager, Good Capital Management. GCP is owned by Rohan Malhotra and Arjun, who founded Investopad in 2014, laying […]
Aquila buys Norwegian wind farm – Aquila European Renewables Income Fund has announced the acquisition of its third investment, a 25.9% stake in Midfjellet Vindkraft AS, one of Norway’s largest operating wind farms. The Midtfjellet wind farm was built in three phases. Phases I and II comprise 44 N100 and N90 wind turbines (2.5 MW each) […]
JPMorgan Global Convertible gives up – At the AGM to be convened in November the board of JPMorgan Global Convertibles Income Fund was due to ask shareholders to approve a resolution to approve the continuation of the company. The board says it has been pleased with the company’s performance since the appointment of Hart Woodson as […]
TwentyFour Income Fund investors shrug off lacklustre returns – TwentyFour Income Fund has published results for the year ended 31 March 2019. Over the year, the NAV fell from 118.75p to 113.28p and the share price fell from 119.5p to 115.28p. The dividend was cut from 7.23p to 6.45p (the company was targeting dividends of at […]
In QuotedData’s other news 12 July 2019 FastForward Innovations has swapped its stake in Intensity Therapeutics for shares in Portage Biotech, a Canadian listed company part-owned by Jim Mellon (a director of FastForward). Portage has no revenue but the value of the Portage shares FastForward is getting implies a small uplift in FastForward’s NAV. Aberdeen Standard […]
Woodford watch – Proton again – Last Friday we wrote a short piece on Woodford Patient Capital’s largest investment, Proton Partners International. When we were researching this, one thing popped up that looked odd to us. Proton’s admission document said that Woodford got a £1m commission for entering into the commitment (in the form of […]
Chelverton UK Dividend shares dropped 31% – Over the year to the end of April 2019, Chelverton UK Dividend returned -9.9% in NAV terms as the company’s split capital structure magnified a -3.5% return on the portfolio. The share price divided from 251p to 173.5p – moving from a 0.6% premium to a 19% discount. […]
Invesco Asia buybacks narrow discount – A narrowing of Invesco Asia’s discount made up for underperformance in NAV terms over the year ended 30 April 2019. The NAV total return for the period was 0.8% against 1.6% for the benchmark (MSCI AC Asia ex Japan Index) but, as the discount moved from 13.0% to 8.9%, […]
In QuotedData’s other news 11 July 2019 Gresham House Energy Storage is placing more shares today at 105p (a discount from the share price of 109.5p but at a premium to NAV. The placing is only open to institutional investors. We also have results from Invesco Asia and the sharp drop in Chelverton UK Dividend’s share […]
Caledonia completes Stonehage Fleming deal – Caledonia Investments announced in December 2018 that it had agreed to acquire a minority stake in Stonehage Fleming & Family Partners Limited. Stonehage Fleming is a leading independently owned family office. The deal was structured as part of a tender offer and share buy-back offer made to Stonehage Fleming’s existing […]
Woodford Watch – Benevolent AI Over the last couple of days, following an article in the Sunday Times (behind a paywall so we haven’t linked to it), the talk has been of a fundraise for Benevolent AI at a substantial discount to the valuation that Woodford Patient Capital (WPCT) is holding it in its NAV. […]
In QuotedData’s other news 10 July 2019 One of the smallest listed investment companies, SVM UK Emerging, published results for the year ended 31 March 2019. It underperformed its benchmark, returning -1.8% in NAV terms and -6.7% in share price terms against a 2.8% return for the IA UK All Companies sector average [no we don’t […]
Shield poised for FDA decision on Feraccru for anemia – Shield Therapeutics (STX) should hear at some point over the next two weeks whether the FDA will approve its oral iron supplement Ferracru for treatment of iron deficiency. The decision, due by 26 July, is of course important but is further complicated by a statistical issue with the […]
Morphosys takes option on Vivoryon’s QPCTL inhibitors in oncology – Germany’s Morphosys (MOR) has taken up an option to license Vivoryon’s family of inhibitors of the glutaminyl-peptide cyclotransferase-like (QPCTL) protein in oncology, in exchange for a commitment to invest €15m as part of a capital raising planned for later this year. The option covers Vivoryon’s lead compound […]
Polar Capital Global Financials edges further ahead – in its interim results, covering the six months ended 31 May 2019, Polar Capital Global Financials Trust reports that it delivered a return of 2.0% in NAV terms ahead of a 1.4% return on its benchmark, MSCI World Financials plus Real Estate. The trust has now outperformed […]
In QuotedData’s other news 9 July 2019: Greencoat UK Wind (UKW) announced that Daniel Badger had tendered his resignation as non-executive director of the company with effect from 31 July 219. He has been on the board since 2013. We note that UKW recently raised £375mn as part of its share issuance programme; Ahead of announcing […]
Intu Properties and Cale Street complete Derby JV– The shopping centre-focused real estate company, Intu Properties (INTU), and Cale Street Investments (Cale), an investment firm backed by the Kuwait Investment Office, the London office of the Kuwait Investment Authority, announced on 18 April 2019 that they were forming a joint venture that will own the […]
Y-mAbs confirms plans to start naxitamab filing in November – HBM-investee Y-mAbs Therapeutics (YMAB) has confirmed plans to start a rolling US filing for naxitamab for the treatment of patients its with relapsed/refractory high-risk neuroblastoma in November, after a pre-BLA meeting with the FDA. The company aims to file the clinical/safety and non-clinical portions of […]
4D Pharma starts first trial in asthma – UK microbiome biotech 4D Pharma (DDDD) has started a clinical trial of a live biotherapeutic, MRx-4DP000, in asthma, the first time such a drug concept has been tested in this condition. The double-blind, placebo-controlled Phase I/II study will enrol 90 patients whose asthma is inadequately controlled on inhaled therapy. Patients will […]
In QuotedData’s other news 8 July 2019 Syncona (SYNC), a healthcare company focused on founding, building and funding global leaders in life science, has noted the announcement that its portfolio company, Freeline Therapeutics, has presented 52-week data from the first cohort of two patients in the ongoing B-AMAZE FLT180a Phase 1/2 trial in Haemophilia B at […]
Real Estate Investors benefitting from vibrant midlands economy – The multi-sector midlands-focused property company, Real Estate Investors (RLE), has reported results covering the first-half period to 30 June 2019. RLE has a 1.53mn square foot commercial property portfolio across the region (Birmingham is the main portfolio city). The portfolio was 96.2% occupied over the period […]
Martin Currie Asia Unconstrained issues update on its future – We recent published an article discussing Martin Currie Asia Unconstrained’s (MCP) future following the announcement of annual results (click here to read it). In June, we noted that having failed to convince new investors of the attractions of the Asia Unconstrained strategy, the board decided to […]
Symphony buys significant stake in Vietnamese logistics company for $42.6m – Symphony International (SIHL) has acquired a significant minority stake in Vietnam-based Indo Trans Logistics Corporation (ITL) for a consideration of about $42.6m. About ITL SIHL says that ITL, founded in 2000 as a freight-forwarding company, has since grown to become one of Vietnam’s “national […]
Highbridge Multi-Strategy set for EGM to change investment policy – The board of Highbridge Multi-Strategy (HMSF) has this morning announced that having completed its review of the options available to the company and consulted with the company’s major shareholders, it intends to convene an EGM to seek shareholder approval to change HMSF’s investment policy. Should […]
Aquila European Renewables Income makes first acquisitions – Following its launch in May (raising €154.3m), Aquila European Renewables Income (AERI) has closed on its first project acquisitions. The company has this morning announced it has bought a hydro portfolio in Portugal and a wind farm in Denmark for a combined value 26.4% of the IPO […]
QuotedData takes a look at gold after its best month in years – We recently published our July economic and political roundup (click here to access it), which consolidates extracts of statements from managers and chairmen of investment companies. Although markets were up in June, there is little doubt that these are tense times, in […]
We have been made aware of a website -buy.bestbonds-uk.com- which is purporting to be provided by Marten & Co. Marten & Co and QuotedData have no association with this website, we do not sell bonds or endorse anyone who does. We have reported the site to the FCA and will seek to have it taken […]
