Monks; strong performance with lower fees – the Annual Financial Report of The Monks Investment Trust PLC (MNKS) for the year ended 30 April 2018 has been published. Performance The NAV total return  of MKNS, with borrowings calculated at fair value, was 15.8% and the share price total return was 20.4%. Over the same period the total […]

Investment Trust Insider on BlackRock Emerging Europe James Carthew: BlackRock trust could have avoided upset There have been some fun and games in the investment trust sector recently, what with the ongoing dispute between Invesco Perpetual Enhanced Income (IPE) and its former manager, the proposed merger of Dunedin Smaller Companies (DNDL) and Standard Life UK […]

IP Group investee Carisma Therapeutics closes $53m fundraising   Carisma Therapeutics, a US-based investee company for LSE-listed IP Group (IPO), has closed a $53m series A fundraising. The financing was led by AbbVie Ventures, the corporate venture arm of the US pharmaceutical giant, and HealthCap, an EU VC investor, and included the existing seed investors, IP Group, Penn […]

Invesco team reappointed to Invesco Enhanced – The board of Invesco Perpetual Enhanced Income Limited (“IPE”) has reached a resolution of IPE’s management arrangements. Following discussions between the board and Invesco Fund Managers Limited (Invesco), and following a process to consult with major shareholders, the board has decided to reappoint Invesco as the manager of IPE. Paul […]

Vietnam Holding reappoints old manager- Vietnam Holding (VNH) was in the news a lot in May. It first announced on 16th May, that it was changing its investment agreement with its existing investment manager and wanted to increase its size by acquiring the assets of another Vietnamese listed equity fund (click here to read more on that story).  […]

Highcroft invests in Birmingham health and fitness club – Highcroft Investments (HCFT) has exchanged on the purchase of the freehold interest of a health and fitness club investment in Birmingham from BAE Systems Pension Funds Trustees Limited. The property comprises a purpose built health and fitness club, with swimming pool, of approximately 37,500 sq ft, on […]

Triple Point adds to its social housing portfolio – Triple Point Social Housing REIT (SOHO) manages a portfolio of social housing assets in the UK, with a particular focus on supported housing. Triple Point adds to its social housing portfolio The group has  exchanged contracts on two supported housing properties completed the acquisition of three supported housing properties  acquired land and entered […]

Picton completes the disposal of two office assets – closed-ended property investment company, Picton Property Income (PCTN) has completed the sale of two offices, both in separate transactions with local authorities. Picton has sold 800 Pavilion Drive, Northampton, a detached office building, let to Ricoh UK on a lease expiring in June 2023. The sale price of £7.95 […]

IBT favourite Array updates trial results ahead of key FDA decision Array Biopharma (ARRY), a top ten holding for LSE-listed International Biotechnology Trust (IBT), has reported positive results from a safety lead-in phase of a pivotal trial of a triplet therapy comprising two of its drugs – binimetinib and encorafenib – with Merck KGaA’s Erbutix in BRAF mutant […]

Arix,  Syncona and WPCT bank gains after Autolus “pops” on Nasdaq IPO Arix Bioscience (ARIX), Syncona (SYNC) and Woodford Patient Capital Trust (WPCT) should be able to record some sizeable NAV gains this month, as previously highlighted in earlier Quoteddata.com articles, on the back of a revaluation to market value of their respective holdings in the common portfolio […]

LXi REIT swaps two care homes for a Stobart industrial facility – After an unsolicited approach, LXi has sold two care homes in Leicestershire let to Prime Life to a UK pension fund for £19.0 million. They say that this: reflects a low exit yield of 5.25%, which compares favourably to the acquisition yield of 6.50% […]

Henderson Far East to shift to UK – Henderson Far East Income has published proposals to migrate to UK tax residence and apply for UK investment trust status. The fund currently earns investment income from a diversified portfolio of investments with exposure to the Asia Pacific region, much of which is subject to overseas withholding […]

NextEnergy Solar adds another ten plants – NextEnergy Solar Fund has announced the signing and completion of a share purchase agreement for the acquisition of ten operating solar plants with a total installed capacity of 46.6 MWp. The plants were acquired from a single counterparty, from which the company has previously acquired five solar power […]

John Laing Environmental commits to Vulcan plant expansion – John Laing Environmental Assets Group has announced a further investment in the Vulcan Renewables anaerobic digestion (AD) plant. The investment consists of provision of funding of c.£8.5m to significantly expand the AD plant’s biomethane generating capacity. Vulcan Renewables was acquired in August 2017. The plant is  located […]

Hansa Trust has a better year – Hansa Trust has reported its results for the year ended 31 March 2018. Over this period, while inflation was 2.5% and the return on the MSCI All Countries World Index was 2.6%, it delivered a return on NAV of 6.3% and returns to shareholders of 16.5% on its ordinary […]

Reconstruction Capital II returned €17.4m to its shareholders– In its annual report for the year ending 31 December 2017, Reconstruction Capital II (RC2) reported that its NAV decreased by 31.8% from €0.3670 per share to €0.2504 per share. This was because it returned €17.4m to Shareholders over the year. The majority of this was the proceeds of the sale of Albalact S.A. […]

Dunedin Smaller merging with Standard Life UK Smaller – The board of Dunedin Smaller Companies Investment Trust has undertaken a strategic review of the company and its position in the UK smaller companies sector.  The Board is aware that the company’s size and the secondary market liquidity in its shares make it challenging to attract […]

Syncona accelerates investment in gene therapy portfolio LSE-listed biotech VC fund Syncona (SYNC) has made a significant investment in three of its portfolio companies involved in developing gene therapies, with staged commitments of £85m ($112m) to Freeline Therapeutics,  $35m to SwanBio and $12m to Orbit Biomedical. Freeline, which was spun out from University College London (UCL) in 2015,  is […]

Alexion files for key drug with priority review voucher Trust favourite Alexion Pharmaceuticals (Nasdaq: ALXN) yesterday confirmed it had made a US regulatory submission for approval of ALXN1210, its long-acting C5 complement inhibitor, for the treatment of the ultra-rare condition of paroxysmal nocturnal hemoglobinuria (PNH). Alexion is a cornerstone holding for both the OrbiMed-managed Biotech Growth Trust […]

WPCT still at bottom of bio specialist trust league in May Neil Woodford’s eponymous Patient Capital Trust (WPCT) has once again ranked at the bottom of the performance league table of biotech/healthcare specialist investment trusts maintained by Marten & Co in the month of May, both in terms of price and NAV total return. This is […]

UK Mortgages in Keystone Property Finance deal – The Board of UK Mortgages Limited has announced that, following a competitive process and preliminary discussions, terms have been agreed on a forward flow purchase arrangement for Keystone Property Finance to originate a book of Buy-to-Let mortgages. This was the deal that was first announced on 26 April […]

Regional REIT sells The Point in Glasgow – Regional REIT has exchanged contracts to sell The Point Trade & Retail Park, Hamilton Hill, Glasgow for GBP14.1m. This reflects a net initial yield of 6.6%. The 158,546 sq ft property was acquired in 2013 and comprises 11 individual units let on 10 separate leases. Over the five-year […]

LondonMetric Property buys urban logistics portfolio – LondonMetric Property has announced the acquisition of ten single let, mainly urban logistics properties for GBP55.0 million from the ACT Foundation. The purchase price reflects a blended net initial yield of 4.4% and a reversionary yield of 5.3%. The portfolio consists of nine urban logistics assets totalling 340,000 sq ft […]

UK stock selection positive for F&C Global Smaller Companies – The company has released its full audited statement of results for the year ending 30 April 2018. The diluted NAV of  F&C Global Smaller Companies (FCS) delivered a total return of 9.3%. The share price of the company rose by 9.1% (total return). Both share price […]

Want to live forever? FastForward Innovations invests in Juvenescence – FastForward Innovations Limited has subscribed US$2 million for an approximate 0.8 per cent. equity interest in Juvenescence Limited, a BVI incorporated private company developing therapies to slow, halt and potentially reverse ageing. FFWD has subscribed as part of a US$50 million Series A fundraise that Juvenescence […]

Gabelli disappoints in year of sterling strength – Gabelli Value Plus made a negative 6.5% return on NAV for the year ended 31 March 2018, underperforming the Russell 3000 Value Index, which returned -4.5% and the S&P 500 Index which made a positive 2.0% return for that period. a widening discount meant that the share […]

Better Capital say CMA puts spanner in the works of Northern Aerospace deal – Regarding the disposal of Northern Aerospace Limited to Gardner Aerospace Holdings Limited, Better Capital PCC Limited has been informed by BECAP12 GP Limited that the parties have entered into a further unconditional agreement which provides for completion on 22 June 2018. On […]

Gresham House Strategic reports best year so far, although its discount to NAV remains stubbornly high. Gresham House Strategic plc (GHS) has released its final audited results for the year ended 31 March 2018. in it, the company reports that its NAV per share grew by 10.7%, compared to the FTSE Small Cap Index and the […]

“Bag a bargain” – six trusts on discounts [First a disclaimer – here at QuotedData we don’t make recommendations – we just try to give you the information that you need to make your own mind up – and we are not financial advisers. In the article, James Carthew mentions two trusts that are trading […]