Hadrian’s Wall increases loss provision – Hadrian’s Wall Secured Investments says that as at 31 October 2019 its NAV was 81.54 pence. This includes an additional provision of £2.89m (equivalent to 2.02p per share) to the company’s general loss reserves. Update on Biomass Optimum Fuels Limited (“BOFL”) and Biomass Premium Fuels Limited (“BPFL”) Whilst the investment […]
Sirius Real Estate, which operates business parks across Germany, has completed the acquisition of Alzenau Business Park, 34km east of Frankfurt am Main, for €44.5m. The business park comprises eleven buildings constructed between 1985 and 2002 providing a total of around 60,000 sqm of lettable space and was bought ar a net initial yield of […]
Great year for JPMorgan Chinese – for the year ended 30th September 2019, and in volatile market conditions, JPMorgan Chinese achieved a 16.0% total return on net assets and a 19.4% return to shareholders. This compares to the return of 1.7% for its benchmark index, MSCI China. The enhanced dividend initiative announced earlier this month is […]
Hipgnosis continues its acquisition spree with the purchase of a catalogue from Brendan O’Brien. Hipgnosis Songs Fund Limited has acquired a music catalogue from three time Grammy Award winning producer, mixer, engineer, and musician Brendan O’Brien, who has produced 17 US Number 1 albums. Brendan O’Brien has worked with Bruce Springsteen, Red Hot Chili Peppers, […]
Primary Health Properties in Bolton buy – Primary Health Properties has acquired a standing let investment property situated in Bolton and has also contracted with a developer to fund the development and acquisition of a purpose-built primary care centre in Banagher, Co. Offaly, Ireland. The Waters Meeting Health Centre, Bolton, is a property comprising of 2,295m(2) […]
In QuotedData’s other news 17 December 2019 Tritax Big Box REIT has reached an agreement to extend the termination date in respect of GBP300 million of its GBP350 million unsecured revolving credit facility, from 10 December 2023 to 10 December 2024. The maturity date of the residual GBP50 million will remain 10 December 2023. This extends the company’s […]
JPMorgan Asian outperforms again – over the year to 30th September 2019, the trust’s return on net assets was +7.9%, representing an outperformance of 5.7 percentage points over its benchmark, the MSCI AC Asia ex Japan Index, which returned +2.2% in sterling terms. The return to shareholders was +10.9%, reflecting a narrowing of the discount […]
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 […]
