John Laing Environmental Assets has released results for the year ended 31 March 2019. Over that period, the NAV rose from 99.6p to 104.7p; the trust met its 6.51p dividend target and announced a 6.66p target for the current financial year. The dividend was covered 1.2x by cash flow generated by the portfolio. The chairman […]
Edinburgh board sticking by Mark Barnett – Edinburgh Investment Trust generated a 2.9% return on NAV over the year ended 31 March 2019, 3.5% behind the return on the All-Share Index. The return to shareholders was 4.6%, aided by a small narrowing of the discount to 7.6%. The dividend for the year is 28p, up 5.3% […]
Monks outperforms again as Douglas McDougall bows out – Monks beat its benchmark over the year to the end of April 2019, returning 12.0% in NAV terms against 11.7% for the World Index. The share price total return for the same period was 12.7%. A single final dividend of 1.85p is being recommended, compared to 1.40p last year. […]
Lindsell Train reiterates premium health warning – Lindsell Train has published results for the year ended 31 March 2019. The company uses “The annual average running yield on the longest-dated UK government fixed rate bond (currently UK Treasury 3.5% 2068) calculated using weekly data, plus a premium of 0.5%, subject to a minimum yield of 4.0%.” […]
Hipgnosis buys catalogue from Sam Hollander – Hipgnosis Songs Fund Limited has acquired a music catalogue from Sam Hollander, an American songwriter and producer whose songs have achieved 10 number 1, 47 top 5 and 74 top 10 chart positions globally. Sam Hollander has co-written multi-platinum certified hit songs for Fitz and the Tantrums, One Direction, […]
Augmentum Fintech off to a good start – Augmentum Fintech has published its first set of accounts covering the period from launch to 31 March 2019. The NAV immediately after launch was 99p, at the end of the period it stood at 109.6p. The shares were trading at a small premium to that level. The […]
In QuotedData’s other news 11 June 2019: Shaftesbury says it has now been served with legal proceedings issued by companies controlled by Mr Samuel Tak Lee. The proceedings concern allegations and claims relating to the December 2017 placing of shares by Shaftesbury. They seek to challenge both the rationale for the placing and the way in which […]
Hipgnosis buys catalogue from Michael Knox – Hipgnosis Songs Fund Limited has acquired a music catalogue from Michael Knox, an American music producer best known for discovering and producing for the American country music singer Jason Aldean. In April, the three times ‘Entertainer of the Year’ winner, Jason Aldean was named by the Academy of […]
Seneca Global results reflect benefit of AJ Bell IPO – Seneca Global Income & Growth has published results covering the year ended 30 April 2019. Over that period, the trust returned 7.6% in NAV terms and 6.0% in share price terms, just behind the benchmark which returned 8.2%. The managers have been reducing the fund’s equity […]
In QuotedData’s other news 10 June 2019: JPMorgan European announced results for the year ended 31 March 2019 on Friday. The returns on the Growth (JETG) and Income (JETI) NAV were -2.3% and +1.4% respectively and, as discounts widened, shareholders saw returns of -7.9% and -4.9% respectively. The MSCI Europe ex UK index returned +2.2%. The dividend […]
Hg Capital looking to raise £80m – HgCapital Trust intends to raise up to approximately GBP80 million by way of a placing of new ordinary shares in order to maximise the opportunities to access the manager’s pipeline of deals. The board has been informed by Hg that it expects that its partners and staff will invest at least […]
Impact Healthcare REIT buys three care homes – Impact Healthcare REIT has recently exchanged contracts on three purchases for a total initial investment of GBP20.2 million, plus transaction costs. Once completed, these acquisitions, plus the acquisition of four homes from Maria Mallaband Countrywide Group announced on 2 May 2019 and rent increases achieved so far in […]
Woodford Patient Capital board statement – the board of Woodford Patient Capital has released a statement this morning. Here it is: The board of Woodford Patient Capital Trust plc (the “Company”) notes the recent developments at Woodford Investment Management Ltd. Following the events relating to LF Woodford Equity Income Fund (“WEIF”), the board also notes […]
Biotech firms brace for wave of Woodford fund liquidations Arix Biosciences (ARIX), Reneuron (RENE), Mereo Biopharma (MPH) and 4D Pharma (DDDD) look set to be among the firms braced for the potential sale of all or parts of the shareholdings held by Woodford Invesmtent Management in the coming days, as the troubled manager appears to […]
Invesco Enhanced Income expects strong gains environment to moderate over the rest of 2019 – Invesco Enhanced Income (formerly Invesco Perpetual Enhanced Income) (IPE) had a solid first half period to 31 March 2019, delivering a NAV total return of +1.9%. This compares to total returns of -2.3% for the shares and +0.8% for 3-month […]
In QuotedData’s other news 7 June 2019: Impact Healthcare REIT (IHR) will join the FTSE EPRA/NAREIT global real estate index on Monday 24 June. Rupert Barclay, non-executive chairman of IHR, believes the inclusion will allow the company to increase its investor base and grow liquidity in the shares. The sub-investment grade focused debt investor, CVC Credit […]
Regional REIT to sell Tokenspire park for £11.1m – Regional REIT (RGL) has reached an agreement to sell Tokenspire Business Park in Beverley for £11.1m. The sale price is 30.6% higher than what RGL paid (£8.5m) and represents a net initial yield of 7%. Tokenspire covers more than 24 acres and consists of 322,211 sq. […]
Custodian REIT statement stresses benefits of diversification – Custodian REIT has published results for the year ended 31 March 2019. Highlights are: EPRA NAV of 107.1p down from 107.3p last year; dividend per share of 6.55p (2018: 6.45p), 110.4% covered by net recurring income; 2020 target dividend per share increased 1.5% to 6.65p; NAV per share total […]
In QuotedData’s other news 6 June 2019: Regional REIT has announced the sale of an office building in Sheffield at a price 25% higher than when it was last valued. Bought in 2016 for £6.3m, Aspect Court, Pond Hill, Sheffield was sold to Sheffield Hallam University for £8.8 million, reflecting a net initial yield of 6.6%. […]
Wary Personal Assets maintains high liquidity – Personal Assets has released results for the year ended 30 April 2019, just six weeks after the period ended! Over the year, the net asset value rose by 4.3%. This compares to a fall of 1.4% in the All-Share Index and a 2.9% increase in inflation, as measured by […]
InflaRx stock crashes on study failure in HS US-listed German biotech InflaRx (Nasdaq: IFRX) saw its stock fall by 89% earlier today on the failure of a Phase IIb study of its lead product, IFX-1, in moderate to severe hidradenitis suppurativa (HS), a painful and chronic inflammatory skin disease. The study enrolled 179 patients who […]
Martin Currie Asia Unconstrained falls on its sword – The board of Martin Currie Asia Unconstrained has decided that it sees little prospect of any significant improvement in the key issues affecting the its discount. As a result, the board has concluded that it needs to do something. The board feels that, because the shareholders voted […]
Fidelity China board introduces discount target after year of poor performance – Fidelity China Special Situations has published results covering the year ended 31 March 2019. It wasn’t a great year for the trust, which saw an NAV total return of -5.3% as compared to a benchmark (MSCI China) return of 0.9%. The share price […]
In QuotedData’s other news 5 June 2019: RDI REIT has refinanced its London Serviced Office portfolio with a new GBP75.0 million financing facility provided by Aberdeen Standard Investments for a seven-year term. To be used to refinance two existing facilities maturing in December 2019 and August 2022 Value & Income NAV return for year ended 31 March […]
Workspace hikes dividend by 20% – Workspace Group has published results covering the year ended 31 March 2019. Over the year the EPRA NAV rose by 4.7% to 1086p and its adjusted diluted earnings per share rose to 40.6p from 36.8p. The dividend has been increased by 20% to 32.87p. Other highlights include: Net rental […]
Symphony International backs Soothe Healthcare – Symphony International Holdings Limited has invested in Soothe Healthcare Private Limited, a company that manufactures and distributes feminine hygiene products under the Paree and Pariz brand names predominantly in India. www.soothehealthcare.com/products/ Soothe was founded by Sahil Dharia in 2012 and operates within the fastest growing fast-moving consumer goods (“FMCG”) market […]
Gore Street fundraise backed by NTMA – Gore Street Energy Storage Fund has entered into agreements to acquire a controlling interest in a 160 MW portfolio of projects in Northern Ireland and the Republic of Ireland. To fund these and a further pipeline of deals, the company plans, by way of an institutional placing, offer for […]
John Laing team on the move – Environmental Assets little affected. The board of John Laing Environmental Assets Group has announced a change of investment adviser – from John Laing Capital Management (“JLCM”) to Foresight Group CI Limited, which is expected to be effective from 1 July 2019. Increased resources, same fees John Laing Group […]
Verona Pharma starts Phase II of MDI-delivered ensifentrine in COPD Verona Pharma, the dual AIM (VRP) and Nasdaq (VRNA)-listed biotech specialising in respiratory disease, has started a Phase II dose-ranging trial of a metered-dose inhaler (MDI) formulation of its lead product ensifentrine in moderate-to-severe chronic obstructive pulmonary disease (COPD). The trial is randomised, double-blind and […]
