News

JPMorgan UK Smaller Companies (JMI) has published its annual results for the year ended 31 July 2023, during which it provided an NAV total return of -5.0% and a share price total return of -4.4%, which compare to a return on its benchmark, the Numis Smaller Companies plus AIM Index (excluding investment companies), of -4.6%. […]

Foresight Sustainable Forestry (FSF) has acquired three assets in Scotland – Toun Hill, Threepwood Hill and Carlinden Burn – for a total cost of £8.3m (inclusive of tax and transaction costs). The purchase, which has been funded from FSF’s revolving credit facility (RCF), increases the size of FSF’s portfolio by 819 hectares to 12,545 hectares […]

Fidelity Asian Values has announced results for the 12 months endd 31 July 2023. The period was a relatively good one for the trust as the 11.4% NAV total return outperformed the comparative index (MSCI All Countries ex Japan Small Cap Index) which rose by 7.5% over the same period. A narrowing discount meant that […]

Hg, the manager of HgCapital Trust has mad an investment in JTL-Software-GmbH (JTL), a leading ERP software provider specialising in e-commerce enablement solutions for small and medium-sized businesses (SMB) across Germany. The terms of the transaction were not disclosed. Based in Hückelhoven, Germany, and co-founded in 2008 by two brothers, JTL provides ERP software solutions enabling […]

Alex O’Cinneide, CEO of the investment manager, commented: “I wish to address fellow shareholders directly regarding the recent performance of the company’s share price, which has been disappointing, particularly considering the company’s continued impressive operating performance. In light of this, the investment manager, Gore Street Capital has purchased shares, as announced on 3 October. [1,260,000 […]

In QuotedData’s morning briefing 12 October 2023: North Atlantic Smaller Companies (NAS) has sold its stake in Assisi Pet Care. On a look-through basis the trust invested £3.6m over the course of three years via a buy and build investment strategy and expects to receive at the closing, approximately £11m. This represents an uplift on […]

ThomasLloyd Energy Impact (TLEI) has announced that it plans to proceed with the controversial RUMS project which led to a suspension of the fund’s shares back in April following a raft of related issues. We have discussed these in detail over the last few months with our latest updates here, and here.  QD Comment: “The […]

Picton Property has sold an office building to a student accommodation developer, as it continues to convert failing office space in its portfolio to alternative uses. The sale of the partially vacant office in Cardiff, which is conditional on gaining planning permission, will be at a price dependent on the exact planning consent obtained and […]

Big Yellow Group has raised £110m in a placing, which it will use to out its existing development pipeline of self-storage sites. A total of 11,470,212 new ordinary shares have been placed at a price of 945 pence, and with existing and new institutional investors raising £108.4m, the executive directors participated to the tune of 301,586 shares and £2.85m. Concurrently with the […]

Regional REIT has appointed ARA Europe Private Markets Limited as its investment adviser, taking over from Toscafund Asset Management. The appointment follows the announcement in April that ARA Europe REIT Manager had acquired a majority shareholding in London & Scottish Property Investment Management, the asset manager of Regional REIT. The board said that it believes […]

PRS REIT has reported a 3.0% uplift in EPRA net tangible assets (NTA) to 120.1p per share in full year results to 30 June 2023. The private rented sector is in the sweet spot with demand and supply dynamics significantly boosted by the housing and cost of living crisis. Strong estimated rental value (ERV) growth […]

Target Healthcare REIT reported a 6.9% fall in EPRA net tangible assets (NTA) to 104.5p per share in full year results to 30 June 2023. The care home landlord said that valuations had stabilised over the second half of its financial year following the impact of higher interest rates in the first half. Uplifts of […]

Ashoka India Equity (AIE) has released its annual results for the period ending 30 June 2023: Over the 12 month period AIE reported a NAV total return of 18.3% and share price total return of 19.4%. This represents an outperformance relative to its benchmark, the MSCI India IMI Index, which returned 11.8%. This also marks […]

In QuotedData’s morning briefing 9 October 2023: Oryx International Growth (OIG) provided an update on the proposed bids for its holdings in Tribal Group, Pendragon, and Smoove. The offer for Tribal Group represents an approximate 41% premium to the recent share price and would return circa £14.8m in cash to OIG upon completion, representing an […]

As with all investment strategies, your capital is at risk. NVIDIA’s co-founder Jensen Huang is Silicon Valley’s longest-serving chief executive. But his greatest impact may still be ahead of him, as Scottish Mortgage’s Claire Shaw explains Jensen Huang recently celebrated three decades as NVIDIA’s chief executive. It’s a remarkable achievement, particularly given that many recent […]

Macau Property Opportunities (MPO) has announced its annual results for the year ended 30 June 2023. During the first six months of the financial year, Macau was subject to strict dynamic zero-COVID regulations, in lockstep with mainland China. At the beginning of 2023, however, COVID controls were rapidly relaxed, triggering a dramatic economic recovery which […]

SDCL Energy Efficiency Income Trust (SEIT) has acquired the outstanding balance of loan facilities secured against an operational portfolio of LED lighting projects, in the USA, held by Future Energy Solutions Lighting Holdings (FES), which is already a SEIT portfolio company. SEIT acquired the loan for approximately $31m (£25m) and its purchase gives SEIT the […]

Octopus Renewables Infrastructure Trust (ORIT) has entered into a conditional agreement to sell its Krzecin and Kuslin onshore wind farms in Poland to an affiliate of ORLEN S.A. On completion of the Transaction, ORIT expects to receive net proceeds, following the repayment of asset level debt and termination of hedging arrangements, of between PLN 470m […]

In QuotedData’s morning briefing 6 October 2023: A recording of Triple Point Energy Transition’s (TENT’s) recent Capital Markets Event held on 28 September 2023 is now available online. Topics include: Overview of TENT; a deep dive on battery energy storage systems (BESS) and hydroelectric portfolios; asset optimisation and value creation levers; organic earnings growth; and […]