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: • RTW / Arix (0:47) Andrew McHattie picked up on the positive reaction from markets in response to the Bank of England holding interest rates, […]
Asia Dragon Trust (DGN) has announced its annual results for the year ended 31 August 2023. During the year, DGN provided NAV and share price total returns of -16.7% and -19.5% respectively while its benchmark, the MSCI Asia ex Japan Index, returned -8.4% on a comparable basis (all in sterling terms). Much of DGN’s underperformance […]
Troy Income & Growth (TIGT) has announced that it is now very close to (i) fully utilising its existing authority to repurchase shares; and (ii) depleting its distributable reserves, which are required to effect buybacks under its discount control mechanism (DCM). It has also said that its board is currently exploring possible options for a […]
In QuotedData’s morning briefing 3 November 2023: Schroders Capital Global Innovation (INOV) has made an investment in US-based cybersecurity company, Securiti which it describes as “the pioneer of the Data Command Center, a centralized platform that enables the safe use of data and GenAI”. Its platform unifies controls for data security, privacy, governance and compliance […]
LondonMetric Property as sold four offices and two long income assets in separate transactions, for a total of £24.5m. Four non-core assets have been sold from the recently acquired CT Property Trust (CTPT) portfolio for £15.3m, comprising three regional offices and a car showroom in Newbury. The buildings have a WAULT of six years and […]
Augmentum Fintech notes successful fundraising developments at three of its portfolio companies: Tide, Zopa Bank and iwoca. Tide Augmentum Fintech has invested a further £4.2m in Tide, (www.tide.co, 14.1% of portfolio), the business banking platform. Tide announced on 20 September that it has reached 10% market share of all UK small businesses, with more than […]
Cordiant Digital Infrastructure Limited (the “Company” or “CORD”), an operationally focused specialist digital infrastructure investor, is pleased to announce it has agreed to acquire Norkring België NV (“Norkring”), which operates 25 communication and broadcast towers in Belgium, from its current shareholders Telenor Communication II AS and Participatiemaatschappij Vlaanderen NV. Norkring is being acquired for a […]
Henderson International Income has reported results for the 12 months ended 31 August 2023. The trust delivered modest NAV underperformance versus its MSCI All Countries World Index ex UK High Dividend Yield Index benchmark, returning 1.4% to the benchmark’s 2.3%. The return to shareholders was -1.9%. The dividend was upped by 3.0% from 7.25p to […]
Over the year to 31 August 2023, Baillie Gifford Japan’s NAV total return was -5.4%, well behind the 6.7% total return from the TOPIX index. The trust now lags its benchmark by a considerable margin over five years. A slight narrowing of the discount meant that the return to shareholders was -4.0%. This was helped […]
In QuotedData’s morning briefing 2 November 2023: BioPharma Credit (BPCR) reports news of resignations at LumiraDX – Ron Zwanziger, (CEO and chairman), David Scott, PhD, (chief technology officer and director), and Jerry McAleer, PhD, (chief scientist and director) have all resigned, each citing the need “to preserve his flexibility to explore all available options” as […]
RTW Biotech Opportunities (RTW) has announced that it will acquire Arix Bioscience. The transaction is expected to deliver RTW with an expected pro-forma net asset value of approximately $550 million, an increase of 63% The deal will enhance RTW’s profile, provide increased liquidity potential, a more efficient cost base, and a re-rating opportunity. Arix shareholders […]
In QuotedData’s morning briefing 1 November 2023: Vietnam Enterprise Investments Limited (VEIL) has announced that Mr. Gordon Lawson will step down as chair of the company and resign from the board, both effective 30 June 2024. Mr. Lawson has served as an independent non-executive director of VEIL since July 2014, and as chair since 2022. […]
Grit Real Estate Income Group’s annual results were impacted by the high interest rate environment and the transitional period for the company, which saw it acquire developer Gateway Real Estate Africa (GREA). The group’s EPRA net reinstatement value (NRV) fell 8.3% US$72.8 cents per share over the year to 30 June 2023, driven by a […]
US Solar Fund (USF) has provided an update on its previously announced strategic review. Having reviewed the available options as part of this strategic review, the company considered proposals in relation to: (i) a sale of its portfolio of assets and return of funds to shareholders; (ii) a sale of the entire issued, and to […]
In QuotedData’s morning briefing 31 October 2023: Oakley Capital (OCI), a leading pan-European, mid-market private equity investor, is pleased to announce that Oakley Capital Origin Fund I has agreed to acquire a majority stake in Alerce, a leading Spanish provider of transport and logistics software solutions. Origin will invest alongside Alerce’s founding family, including CEO […]
Schroder BSC Social Impact Trust (SBSI) has released its results for the period ending 30 June 2023. Over this 12 month period SBSI reported a NAV total return of 0.8%. Since its inception on 22 December 2020 SBSI has returned a NAV total return of 8.6%. Key drivers of performance were an increase in returns […]
Five countries dominate the MSCI AC Asia Pacific ex Japan Index – China, Australia, India, Taiwan, and South Korea – collectively, accounting for over 85% of the market cap of that index. However, most of investors’ focus seems to be on China and India, Australia is usually regarded as a resource play, Taiwan’s market is […]
Digital 9 Infrastructure (DGI9) published a letter sent in response to the one sent by Aqua Ventures Limited (AVL) last week, which owns 3.5% of DGI9, outlining AVL’s desire to implement an immediate strategic review of DGI9. Aqua Ventures claims to have consulted, and have the support of, 20% of DGI9’s shareholders. AVL’s letter outlined […]
abrdn Property Income Trust (API) has secured over £1.3m in annual rent through new lettings and lease renewals. In the office sector (which accounts for 18% of its portfolio by value), the company has completed a number of deals comprising: a new lease on the fourth floor at One Station Square in Bracknell, securing a […]
In QuotedData’s morning briefing 30 October 2023: Chrysalis Investments (CHRY) has provided a quarterly NAV update. The NAV for 30 September 2023 was 134.75p per share, a (1.6%) decrease since 30 June 2023. There was only one instance of portfolio activity over the quarter, a further £6.5m investment in Secret Escapes as part of a […]
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: • Greencoat UK Wind (0:25) • abrdn Diversified Income & Growth (6:40) • Hipgnosis (12:10) This week’s interview was with Richard Sem from Pantheon Infrastructure […]
Like me, you may have been looking at your portfolio of investment companies over the past 18 months or so and swinging between despair and puzzlement. I keep asking the question, how can so many ostensibly good companies be so out of favour? Take Greencoat UK Wind, for example, which I bought for my portfolio […]
Apax Global Alpha (AGA) has announced that the Apax Global Impact Fund (AGI), in which it is a limited partner, has acquired GAN Integrity, which it describes as a leading provider of technology that enables proactive, integrated, real-time management and monitoring of third-party and employee risk, ethics and compliance. AGA says that the investment will […]
Digital 9 Infrastructure (DGI9) has announced that after considering feedback received from its shareholder consultation (announced on 17 October 2023), its board is assessing the possibility of divesting the company’s entire stake in the Verne Global group of companies. DGI9’s board says that it has already received indicative offers for the entire position during the […]
In QuotedData’s morning briefing 27 October 2023: Mid Wynd International (MWY) has announced that Mr David Kidd, its senior independent director, will become chairman of the board following the retirement of Russell Napier at conclusion of the 2024 AGM. Mr Kidd joined MWY’s board in November 2016, becoming the senior independent director in October 2022. […]
Following its AGM and EGM, the board of Hipgnosis Songs Fund announced that the company has failed to pass its continuation resolution. As a result, the board will put forward proposals for the reconstruction, reorganisation or winding-up of the company to shareholders for their approval within the next six months. 71.5% of those voting opposed […]
Over the 12 month period ended 31 July 2023, JPMorgan Global Emerging Markets Income beat its benchmark by a decent margin, returning 9.2% in NAV terms and 12.6% in share price terms againsty a return of 2.5%. The company’s net revenue of £16.9m was down from £18 .1m for the prior year, in part due […]
Schroder Income Growth has reported results for the 12 months ended 31 August 2023 NAV total return increased by 4.03% to 220.6p (31 August 2022: 211.7p), but underperformed versus the FTSE All-Share Index return of 5.2%. The discount widened to end the year at 8.9% and so the return to shareholders was -3.0%. Dividend per […]
Greencoat UK Wind will increase in its annual dividend target to 10p and launch a share buyback programme of up to £100m. From admission to the London Stock Exchange on 27 March 2013 to 30 September 2023, the company has generated £1,764m of cash flow, paid £887m of dividends and reinvested £877m of excess cash […]
abrdn Diversified Income and Growth has announced the outcome of the strategic review process that started on 20 June 2023. Outcome of the strategic review As noted at the outset of the strategic review, the board has been encouraged that, in exceptionally volatile markets, Nalaka De Silva and the wider investment team have continued to […]
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