Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: Harmony Energy Income (0:40) Gresham House Energy Storage (2:51) Caledonia Investments (5:40) This week we hosted a panel discussion between Thomas Moore from abrdn Equity Income, David Moss from CT UK High Income Trust […]
If you missed the announcement that followed today’s quarterly panel show, here are the winners of our inaugural QuotedData’s Investors’ Choice Awards Many thousands of you visited our dedicated Awards website. One lucky voter won the £5,000 prize for correctly predicting all the winners. A big thank you to our sponsors: Cazenove Capital and Stonehage […]
If you look across the investment companies’ space, it is clear there is still strong demand for trusts that can provide investors with an attractive level of income which is reliable and, ideally, has some degree of both inflation protection and capital preservation. Despite the environment of higher interest rates that has prevailed over the […]
Harmony Energy Income Trust has updated the market on its asset sale process alongside issuing its latest NAV and providing a portfolio update for the three months ended 31 October 2024. Key highlights from the announcement are as follows: The unaudited NAV at 31 October 2024 was £201.04m, or 88.51 pence per share, a decrease […]
CT UK Capital and Income (CTUK) has published its annual results for the year ended 30 September 2024, during which it provided an NAV total return of 18.4% and a share price total return of 16.6%, both outperforming its All-Share benchmark, which it says provided a total return of 13.4%. Unfortunately, the announcement does not […]
Gresham House Energy Storage (GRID) has published a trading update and the highlights of its three-year plan, which were presented at its capital markets day on 27 November 2024. In its trading update, GRID says that its financial position is improving. Its capital allocation policy in 2024 has focused on cash preservation which it says […]
The takeover of Spanish REIT Lar Espana was approved by the National Securities Market Commission (CNMV) yesterday, paving the way for the deal to go through. The offer by Helios Real Estate, a consortium made up of Hines and Grupo Lar, at €8.30 values the company at just under €695m. [We published a research note […]
Baker Steel Resources (BSRT) has announced that it and the other 3 main shareholders of Nussir ASA, together representing 70.8% of Nussir’s issued share capital, have agreed to sell their shares in Nussir to Blue Moon Metals Inc. The transaction values Nussir at US$55.3m and is conditional upon Blue Moon: raising between US$21.4m and US$35.7m […]
In QuotedData’s morning briefing 29 November 2024: Bellevue Healthcare (BBH) has announced the redemption price for its annual redemption opportunity at 154.76p per share. This was calculated as the aggregate cash received by BBH from the realisation of the redemption pool, after deducting the costs of the redemption, and a pro-rata share of the costs […]
Schroder UK Mid Cap results for the 12 months ended 30 September 2024 came in behind its benchmark. The NAV total return for the period was 17.3% versus 21.4% from the FTSE Mid 250 ex Investment Trusts Index. The share price total return was +17.5%. The discount widened marginally, from 12.0% at the beginning of […]
Over the 12 months ended 30 September 2024, abrdn Equty Income Trust generated an NAV total return of 13.3% and a share price return of 10.4%. The NAV return was only just behind the 13.4% return posted by the All-Share Index, but the discount widened from 0.2% to 3.0%. Revenue per share for the period […]
In QuotedData’s morning briefing 28 November 2024: Scottish Oriental Smaller Companies (SST) says its lead manager Vinay Agarwal has left FSSA Investment Managers by mutual agreement. The trust’s new lead manager is Sreevardhan Agarwal, who is now in charge of the portfolio. Sree has acted as the company’s deputy manager and, latterly, co-manager for the past […]
Keystone Positive Change (KPC) has announced its annual results for the year ended 30 September 2024. Over the year, the company’s NAV total return was 2.2% compared to a total return of 20.4% for the benchmark index. The share price total return for the same period was 13.5% as the discount narrowed from 14.0% to […]
In QuotedData’s morning briefing 27 November: APAX Global Alpha (AGA) has announced that it expects to invest approximately €28m in the accountancy and advisory practice of Evelyn Partners on a look-through basis. On 25 November 2024, the Apax XI Fund, in which AGA is a limited partner, announced that it had reached a definitive agreement to acquire Evelyn […]
Caledonia Investments is convening a meeting to ask shareholders to approve a ‘Rule 9 waiver’ – this is part of the Takeover Code. Currently, a ‘concert party’ of shareholders connected to the Cayzer family controls 49.49% of the trust’s shares and voting rights. Ordinarily, at its AGM it would ask shareholders to approve a Rule […]
NextEnergy Solar Fund (NESF) announced it has published its first Nature Strategy Report, which you can view in full here. The report outlines NextEnergy Solar Fund’s strategic plan for nature and nature targets, consolidating and building upon the lessons learned from 10 years of active engagement with the environment surrounding its assets since IPO. It […]
Baillie Gifford European Growth Trust (BGEU) announced its annual results for the year ended 30 September 2024. The company delivered a NAV total return of 12.1% compared to a total return of 15.3% for the comparative index. The share price total return was 9.3%. At the time of publishing, the company’s discount sat at 17%. […]
In QuotedData’s morning briefing 26 November 2024: LondonMetric Property (LMP) reported a 2.1% uplift in EPRA net tangible assets (NTA) to 195.7p per share over the six months to 30 September 2024. The company’s portfolio of predominantly urban logistics and long-income assets was up 1.1% to £6.2bn. Net rental income increased 154% to £193.1m, while […]
Downing Renewables & Infrastructure (DORE) has published its latest NAV and operational update as at 30 September 2024. The NAV was £202.6m or 117.3p per share, a decrease of 0.5% from the NAV per share as at 30 June 2024 (£207.6m or 117.9p per share) which also takes into account the payment of the £2.5m (1.45p per […]
Asia Dragon (DGN) has published its annual results for the year ended 31 August 2024, during which the MSCI AC Asia ex Japan Index rose 12.0% in sterling total return terms, while DGN’s net asset value (NAV) increased 9.3% on the same total return basis. The share price rose from 353p to 404p over the […]
In QuotedData’s morning briefing 25 November 2024: Utilico Emerging Markets (UEM) has published its interim report for the six months ended 30 September 2024, a period that continued to be challenging with elevated volatility in most markets as uncertainty has dominated. UEM experienced two key headwinds: the first was the revaluation of Petalite Limited (Petalite) and […]
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: Blackstone Loan Financing (0:19) Edinburgh Worldwide (4:17) Miton UK MicroCap (9:36) This week’s interview was with Alex Crooke from Bankers Investment Trust – watch it again here.
The problem with Trump’s use of the phrase “MAGA” – Make America Great Again – is that it implies America wasn’t already great. With its booming equity markets, robust economic growth, and strong fundamentals – such as energy independence, deep pools of domestic capital, and the inherent advantages of the US dollar’s reserve currency status […]
Asset Value Investors target undervalued businesses with growth potential and clear catalysts. Their investment in Schibsted unlocked significant value through strategic restructuring, driving exceptional returns.
In this video, Senior Investment Director, Alan Gauld outlines the strategy of the Patria Private Equity Trust (PPET), highlighting the focus on diversified private equity investments, including funds, and direct investments, with a goal of achieving long term returns for its shareholders. This video is supplied by Patria.
HgCapital Trust (HGT) says that it will invest approximately £11.7m in Empyrean Solutions, which it describes as a leading provider of risk and performance management software for financial institutions, alongside other institutional clients of Hg investing through the Hg Mercury 4 Fund. Hg says that the transaction follows a period of rapid growth and scaling, […]
Blackstone Loan Financing Limited (BGLF) says that it has entered into a conditional agreement for the sale of 100% of the Profit Participating Notes (PPNs) to an entity that is an affiliate of its manager. The transaction is subject to shareholder approval and certain other conditions but, if it proceeds, BGLF says that the deal […]
In QuotedData’s morning briefing 22 November 2024: Schroder British Opportunities (SBO) has announced a non-material change to its investment policy, whereby it will remove the following paragraph that makes reference to the United Nations’ Sustainable Development Goals: “The Company will focus on companies which the Portfolio Managers consider to be sustainable from an environmental, social […]
Foresight Environmental Infrastructure (FGEN) announced its interim report for the six months to 30 September 2024. The NAV total return for the period was flat, following the write down of one of its portfolio assets, HH2E, which we discuss below. Prior to this, the NAV total return would have been 2.6%. The company remains on […]
NextEnergy Solar Fund (NESF) announced its interim results for the six months to 30 September 2024. The company’s NAV total return fell 2.6%, while the shareholder total return was 18.2%. At the time of publishing, the discount stood at 28%. The company announced that it was on track to deliver its target dividend of 8.43p […]
