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 […]
Henderson Far East Income (HFEL) announced its annual report for the year ended 31 August 2024. The company delivered a NAV total return of 11.9%, trailing the benchmark MSCI AC Asia Pacific ex Japan High Dividend Yield Index which returned 17.4%. The share price total return was 16.6%, with shares trading at a premium of […]
In QuotedData’s morning briefing 7 November 2024: JZ Capital Partners (JZCP) announced its interim results for the period ended 31 August 2024. The company delivered a NAV per share return of 2%. Total realisation and distribution proceeds were $44.2m following the successful realisations of Karium and My Lender and, post-period, amongst other smaller realisations, the […]
In QuotedData’s morning briefing 6 November 2024: GCP Asset Backed Income Fund (GABI) announced a quarterly dividend in respect of the period from 1 July 2024 to 30 September 2024 of 1.58125 pence per ordinary share. The board also confirms that the second compulsory redemption will total £45.0m at a price of 89.33875 pence per […]
International Biotechnology Trust (IBT) announced its annual results for the year ended 31 August 2024. The company delivered a NAV total return of 15.9%, outperforming the reference index which returned 15.3%. Despite the strong performance the discount continued to widen during the year, leading to a share price total return per share of 10.3%. The […]
Following the announcement on 3rd September 2024 that the JPMorgan Global Core Real Assets (JARA) continuation vote had not been passed by shareholders, the board and its advisers have been consulting with the company’s largest shareholders on the options open to the company. Having completed that consultation process, the board has now concluded that it […]
In QuotedData’s morning briefing 5 November 2024: BBGI Global Infrastructure (BBGI) announced that the group has secured an amendment and extension to its multi-currency revolving credit facility (RCF) with three existing lenders (ING, DZ, KfW) and Barclays as the new fourth lender, replacing SMBC. Under the new agreement, the commitment size has been reduced from […]
JPMorgan Global Emerging Markets Income (JEMI) has released its annual financial results for the year ended 31st July 2024, during which it provided an NAV total return of +6.3%, closely aligning with its benchmark, the MSCI Emerging Markets Index, which returned 6.4%. JEMI provided a share price total return of +5.4%. Longer term, JEMI has […]
Weiss Korea Opportunity Fund’s (WKOF’s) manager has told the board that it believes that “the opportunity set and strategy for the fund continuing in its current form is less attractive than it has been in the past”, including at WKOF’s launch inception in 2013, “and that it does not think this change in circumstances is […]
In QuotedData’s morning briefing 4 November 2024: Partners Group Private Equity (PEY/PEYS) saw its NAV increase by 0.5% during September to €14.24 per share, with total net assets at €984.62m. PEY says that positive value creation (0.9%) was partially offset by adverse currency movements (-0.3%). KinderCare, PEY’s fifth largest portfolio company, was the largest contributor […]
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: Golden Prospect Precious Metals (0:22) Asia Dragon / Invesco Asia (4:08) Ashoka WhiteOak Emerging Markets (8:49) Andrew McHattie pondered whether it was right to chase the big jump in Tetragon’s share price (10:10). Tetragon […]
QD view: The budget has been dominating headlines this week. We set the scene and covered the big changes in the budget earlier in the week. The question is, what effect will this have on the UK economy and the trusts that are exposed to it? National Insurance hit to big employers This week’s interview […]
Golden Prospect Precious Metals (GPM) has released a reminder for investors of their right to subscribe for one new ordinary share of GPM in respect of every five ordinary shares held at 6pm on 29 November 2024. As at 30 October 2024, the share price is 46.00 pence, which is 10.06 pence or 28% above […]
AI’s rapid development and uptake pose a growing resource challenge. However, companies creating the solutions to tackle that challenge offer a growing opportunity for investors, even as the technology itself can help shape environmental markets. Executive Summary AI is already proving invaluable in enabling climate solutions, for example in energy efficiency, environmental technologies and forecasting. […]
The board of residential Secure Income (RESI) notes that Gresham House and Thriving Investments have launched a new partnership to create a dedicated shared ownership and affordable housing fund management platform in the UK, as separately announced this morning. This partnership is focused on the management of the private fund Gresham House Residential Secure Income LP. Under […]
Helical (HLCL) announced that it has completed the sale of its 50% interest in Charterhouse Place Limited, the owner of The JJ Mack Building, London EC1, to its joint venture partner, AshbyCapital, for £71.4m, with a dilution of 4p per share to the 31 March 2024 EPRA NTA. The transaction reflected a value of £139.2m […]
In QuotedData’s morning briefing 1 November: BioPharma Credit (BPCR) announced that it has made an additional investment in Insmed Incorporated following its initial loan made in October 2022. The company is investing US$60m in a new US$150m, with BioPharma-V investing US$90m. Together with the accrual and capitalization of the partial paid-in-kind interest, the company’s total […]
VH Global Sustainable Energy Opportunities has completed the construction and commissioning of two solar and storage hybrid systems in New South Wales, Australia. The assets comprise solar PV sites with DC-coupled two-hour 4.95MW battery energy storage systems . The trust already has two operational assets in Australia. Following the completion of these two sites, 67% […]
