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: Baillie Gifford China Growth (0:22) Chrysalis (03:49) AVI Japan Opportunity (09:05) This week’s interview was with Sebastian Lyon from Personal Assets Trust – watch it again here.
CORXEL Pharmaceuticals, a portfolio company of RTW Biotech Opportunities (RTW), has had a new drug application accepted by China’s National Medical Products Administration (NMPA). The application acceptance is for the use of Aficamten for the treatment of obstructive hypertrophic cardiomyopathy (HCM). RTW describes Aficamten as “an investigational, next-in-class selective small molecule cardiac myosin inhibitor”. The […]
Following its announcement on 14 October that it intended to offer shareholders annual tender offers (click here to see our coverage), AVI Japan Opportunity (AJOT) has now published details of the proposed tender along with a circular in relation to this. Shareholders have the opportunity to tender some, none or all of their shares at […]
Gore Street Energy Storage (GSF) has increased the size of two of its financing facilities – one at project level for its Big Rock project, and one at the company level. GSF’s wholly owned subsidiary, Big Rock ESS Assets LLC, which owns the 200MW / 400MWh Big Rock project in California, has successfully completed a […]
In QuotedData’s morning briefing 15 November 2024: Fondul Proprietatea (FP.) has published its quarterly report for the three months ended 30 September 2024. The Adjusted NAV per share as at 30 September 2024 was RON 0.7319 per share, which is 10.76% higher than its value of RON 0.6608 as at the 31 December 2023. The fund’s […]
HydrogenOne says the local court of Berlin-Charlottenburg has now approved the applications of HH2E and HH2E Werk Lubmin GmbH for self-administration proceedings. HH2E has also appointed restructuring experts to assist with the self-administration process and to seek a buyer for the business. No recovery of the company’s investment is anticipated through the insolvency process. HydrogenOne […]
Scottish Oriental Smaller Comapanies has published a decent set of results covering the 12 months ended 31 August 2024. Over that period, the NAV return was 18.6%, well ahead of the 13.5% return on MSCI AC Asia ex Japan Small Cap, and the return to shareholders was 16.5%. The managers have earned a performance fee […]
In QuotedData’s morning briefing 14 November 2024: BlackRock Sustainable American Income Trust (BRSA) is changing its name to avoid any issues with the FCA’s new Sustainability Disclosure Requirements (SDR) which come into effect on 2 December 2024. The company will still seek to deliver a superior ESG outcome when selecting investments, but will remove the […]
Klarna Group says that it has submitted a draft Registration Statement on Form F-1 to the Securities and Exchange Commission (the SEC) relating to a proposed initial public offering (IPO) of its ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The […]
AVI Global Trust (AGT) has announced its results for the year ended 30 September 2024. The company delivered a NAV total return of +13.7%, compared with +19.9% for the comparator benchmark index. Over the last five years the return has been +65.5%, compared to +63.3% for the current comparator benchmark. The share price total return […]
Baillie Gifford China Growth Trust (BGCG) has announced the introduction of a performance related tender offer following an internal review. In the event that the company’s net asset value total return does not exceed the benchmark total return (MSCI China All Shares index in sterling terms) over the period beginning from the NAV announcement in […]
In QuotedData’s morning briefing 13 November 2024: GCP Infrastructure (GCP) released an investor report for the three month period to 30 September 2024. The company noted that the net asset value was, as previously announced, 105.22 pence per ordinary share adding that it is in active due diligence and negotiations on disposals of material components […]
Crystal Amber Fund (CRS) announced its annual results for the year ended 30 June 2024 as the company continues the realisation of its assets. The company delivered a NAV per share increase of 86.3% from 93.3p to 173.9p a share. The NAV rose from £77.7m to £126.7m. During the year, the fund continued its policy […]
Schroder Income Growth Fund (SCF) announced its annual results for the year ended 31 August 2024. The company delivered a NAV total return of 19%. This compares to 17% from the benchmark All-Share Total Return Index. The share price return was 17.7%. The company’s share price discount to NAV averaged 9.6% during the year and […]
SEGRO has agreed a deal with Brookfield (which is in the process of acquiring Tritax EuroBox) to purchase six properties from the EuroBox portfolio in Germany and the Netherlands for a total of €470m. The deal is conditional on Brookfield’s offer for EuroBox completing (shareholders will vote on it on 20 November) and the value […]
HydrogenOne Capital Growth (HGEN) announced that portfolio company Elcogen has secured a €24.9m grant from the EU Innovation Fund to advance green hydrogen production in Europe. Elcogen will use the grant to support the next phase in further scaling its existing manufacturing capacity of proprietary solid oxide electrolysers, fuel cells and stacks. Founded in 2001, […]
In QuotedData’s morning briefing 12 November 2024: 3i Infrastructure (3IN) announced its interim results for the six months to 30 September 2024. The company generated a NAV total return of 5.1% for the period and is on track to deliver its dividend target of 6.33p, 6.3% higher than the previous year which is to be […]
Gresham House Energy Storage (GRID) has issued a trading update which says that its manager is confident that operational portfolio revenues will rise in 2024 compared with 2023. There has been an improving trend since the low in the first quarter of 2024, both as portfolio capacity grows and as revenue per MW rates recover. […]
In QuotedData’s morning briefing 11 November 2024: Syncona’s (SYNC’s) portfolio company Autolus Therapeutics (Autolus) has announced that the US Food and Drug Administration (FDA) has granted marketing approval for AUCATZYL® (obe-cel) for the treatment of adult patients with relapsed or refractory B-cell precursor acute lymphoblastic leukaemia (r/r B-ALL). Autolus says that the approval was based […]
The UK needs financing on an unprecedented scale to transform our economy. Not only do we need to replace aging buildings and networks, but we also need to upgrade and enhance our energy network and find ways of tackling the effects of climate change. The scale of the challenge should not be underestimated. As Vanessa […]
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, Matthew Read covered the week’s top stories: JPMorgan Global Core Real Assets (01:57) Weiss Korea Opportunity (05:38) Atrato Onsite Energy (08:59) HH2E administration – HydrogenOne Capital Growth and Foresight Environmental Infrastructure (10:31) Supermarket Income REIT (12:25) This week’s interview was with […]
There are plenty of factors which have contributed to the mediocre performance of UK equities over the last few years, both unavoidable and self-inflicted. However, the rationale behind the ongoing sell-off across the renewable energy infrastructure sector, as well as its scale, is one which we struggle to understand. Prior to the pandemic, most if […]
From futuristic cars to greener energy, Chinese firms are advancing and creating long-term value for their shareholders. Baillie Gifford investment manager Helen Xiong explains why long-term growth investors ignore China at their peril. As with any investment, capital is at risk. China matters. It’s the world’s second-largest economy, an important source of global demand and has […]
Scottish Mortgage Investment Trust (SMT) announced its interim results for the six months to 30 September 2024. The company delivered a NAV total return of 1.9%, trailing the benchmark index return of 3.6%. Shares fell by 6% over the period, although are up 15% year to today. The company also announced an interim dividend of […]
Foresight Environmental Infrastructure (FGEN) has provided a portfolio update on the announcement that German green hydrogen project developer, HH2E is expected to enter insolvency. FGEN made an initial investment into the green hydrogen sector in January 2023 and has since been working with management at its partner, HH2E AG, to progress the development of several […]
HydrogenOne Capital Growth (HGEN) has provided an update on German green hydrogen project developer, HH2E. HH2E has been undertaking a fundraising exercise in order to go ahead with its first development project, at Lubmin. However, in the challenging current global funding environment, the process has not led to a financing partner being secured within the […]
Following its earlier announcement the board of Atrato Onsite Energy (ROOF) has announced that the sale of the company’s entire portfolio of solar assets to Phoenix UK Bidco Limited, a newly incorporated company which is indirectly owned by a joint venture vehicle of Brookfield and RAIM Apollo, at a Headline Price of £218.7m, completed on […]
In QuotedData’s morning briefing 8 November 2024: Blackstone Loan Financing (BGLF) has announced that further to the approval given by the company’s shareholders to enable compulsory redemptions of its redeemable ordinary shares and following the first redemption made by the company on 10 June 2024, BGLF has announced that it will return approximately €61m by […]
Urban Logistics REIT (SHED) has taken a step closer to full dividend cover, as adjusted earnings jumped 3.2% in the six months to 30 September 2024 (click here to read our analysis of the results). Adjusted earnings per share for the period were 3.57p (7.14p on an annualised basis), bringing coverage of its 7.6p annual […]
Fidelity Special Values (FSV) has announced its annual results for the year ended 31 August 2024. The company delivered a NAV total return of 24.1% and share price total return of 24.3%, comfortably ahead of the benchmark index return of 17%. The company also announced that the board has recommended a final dividend of 6.30 pence […]