In QuotedData’s morning briefing 17 December 2024: The Global Smaller Companies Trust (GSCT) announced its interim report for the six months to 31 October 2024. The company delivered a NAV total return of 2.7% compared to the benchmark total return of 5.7%. The share price ended the period at 160.6p, delivering a total return to […]
AEW UK REIT has sold part of the Central Six Retail Park, in Coventry, for £26.25m, reflecting a net initial yield of 7.49% The sale price for units 1-11 of the park represents a 60% premium to the purchase price of the entire property, which was acquired in November 2021 for £16.411m and a 6.7% […]
JPMorgan Japanese (JFJ) has published its annual results for the year ended 30 September 2024, during which it provided NAV and share price total returns of 24.2% and 22.4% respectively, both comfortably outperforming its TOPIX benchmark index, which provided a total return of +10.3%. The managers say that part of the outperformance reflects their success […]
JPMorgan Emerging EMEA Securities (JEMA) has issued an update in relation to the Russian court order that has been provided by JEMA’s investment manager: “As previously notified, VTB Bank filed a lawsuit against eight J.P. Morgan legal entities and JPMorgan Emerging Europe, Middle East & Africa Securities plc (JEMA) on 17th April 2024 in Russia seeking to […]
In QuotedData’s morning briefing 16 December 2024: Caroline Chan, a non-executive director of NextEnergy Solar Fund (NESF), has made her first purchase of NESF shares. She has acquired 39,000 shares at 66.4p per share for a total investment of £25,986. Helena Coles, a director of RIT Capital Partners (RCP), has made her first purchase of […]
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: Ecofin US Renewables (0:28) AVI Global Trust (4:49) Taylor Maritime (8:42) This week’s interview was with Craig Baker from Alliance Witan – watch it again here.
It is a well-documented fact that international investors have been shunning the UK equity market in recent years, leaving it cheap versus other regions. The reasons why have already been well-rehearsed, so I will not dwell on them here, but selected highlights would include the Brexit referendum in 2016 and the economic uncertainty that created; […]
Vast investment in US megaprojects supports structural demand for rental economy services Chart Description Header: Planned ‘new economy’ / infrastructure investments top US$1.6tn Subhead: Total private and public investment announced in the US, January 2021 to October 2024 Overview: This proportional area chart shows the breakdown of total private and public investment in ‘new economy’ manufacturing and infrastructure […]
Low rates post-2008 spurred demand for stable income, boosting Hypnosis Songs Fund in 2018. After transparency issues in 2021, investors returned in 2023, driving board changes and a bidding war, securing strong returns.
JPMorgan Asia Growth & Income (JAGI) has published its annual results for the year ended 30 September 2024, during which it provided an NAV total return of 14.8% and a share price total return of 12.7%, both underperforming its MSCI AC Asia ex Japan Index Benchmark, which returned 17.3%. The bulk of the underperformance was […]
JPMorgan Indian (JII) has published its annual results for the year ended 30th September 2024, during which it produced an NAV total return of 18.1%, underperforming its benchmark, the MSCI India Index by 9.6% (the benchmark returned a hefty 27.7%, outperforming both the MSCI Emerging Markets Index and the MSCI China Index). JII says that […]
Polar Capital Global Healthcare (PCGH) has published its annual results for the year ended 30 September 2024 during which it provided an NAV total return of 14.95%, outperforming its MSCI ACWI Healthcare Index benchmark by 5.07%, which returned 9.88%. PCGH’s discount narrowed slightly during the year, ending the period at 4.82%. The outperformance was driven […]
Ecofin US Renewables Infrastructure (RNEW) has announced that it has agreed to sell its portfolio of US distributed solar assets (the DG portfolio) to a subsidiary of True Green Capital Fund IV, LP for a cash consideration of approximately US$38.4m plus the assumption by the buyer of approximately US$15.6m of project-level debt and subject to […]
In QuotedData’s morning briefing 13 December 2024: Merchants Trust (MRCH) has agreed to issue two £25m fixed rate 15 year secured private placement notes at a coupon of 5.91%, raising total proceeds of £50m. The purpose of the notes is to take advantage of MRCH’s ability to use gearing, with the aim of enhancing its […]
GCP Infrastructure’s results for the 12 month period ended 30 September reflect some long-running themes. The NAV slipped from 109.79p to 105.22p and the NAV total return for the period was 2.2%. However, a narrowing discount from 38.3% to 25.0% meant that the return to shareholders was a welcome 28.4%. The dividend was maintained at […]
In its first set of results since the merger of Henderson European Focus with Hendedrson Eurotrust, Henderson European has published figures covering the 12 month period ended 30 September 2024. Over the period, the NAV return was 16.6%, ahead of its index benchmark (FTSE World Europe ex UK) by 1.3%. The share price total return was […]
In QuotedData’s morning briefing – 12 December 2024: Digital 9 Infrastructure (DGI9) says InfraRed Capital Partners’ appointment as AIFM has become effective today. Triple Point’s role as AIFM also terminated effective today. Baillie Gifford Japan (BGFD) passed its continuation vote at yesterday’s AGM, the voting was 85.4%:14.6% in favour of continuation, and about 55% of […]
In QuotedData’s morning briefing 11 December 2024: Taylor Maritime Investments (TMI) announced it is proposing to transfer the company’s equity shares listing from the closed-ended investment funds category to the equity shares (commercial companies) category of the official list. This follows the completion of the acquisition of Grindrod Shipping Holdings Ltd on 16 August 2024, […]
JPMorgan China Growth and Income has published results for the year ended 30 September 2024. The NAV lagged the benchmark by some distance, with the trust returning 3.6% compared to 12.7% for MSCI China. The discount widened to 13.1%, leaving shareholders with a return of just 2.3%. The chairman says “The rise of the MSCI […]
Polar Capital Technology Trust (PCT) announced its interim results for the six months to 31 October 2024. The company delivered a NAV total return of 11.7% compared to the 14.1% return for the benchmark sterling-adjusted Dow Jones World Technology Net Total Return Index. This largely reflected the remarkable performance of a select group of US […]
Foresight Environmental Infrastructure (FGEN) announced that it has completed the sale of 100% of its portfolio of operational rooftop solar assets to AtmosClear Investments for a total consideration of £21.2m. A total of £20.5m is payable upon completion, with a further £0.7m in deferred consideration linked to the satisfaction of certain post-completion obligations. The initial […]
In QuotedData’s morning briefing 10 December 2024: Apax IX Fund in which Apax Global Alpha Limited (APAX) is a limited partner, has announced the full sale of its minority co-control stake in AssuredPartners, a leading mid-market property, casualty and employee benefits insurance brokerage, to Arthur J. Gallagher & Co. This transaction is expected to deliver […]
In QuotedData’s morning briefing 9 December 2024: JPMorgan European Discovery Trust (JEDT) has released its interim results for the six months ended 30 September 2024, during which it provided an NAV total return of -0.5% compared with 1.0% for its MSCI Europe (ex UK) Small Cap Index benchmark. The share price return was 2.2%, due […]
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew and Richard Williams covered the week’s top stories: Keystone Positive Change (0:23) Golden Prospect Precious Metals (4:36) Home REIT (6:09) Andrew McHattie spoke about the big moves in share prices and discounts over November 2024: Major rises over the […]
Contrary to expectations, the best performing sector for the year to date is not technology, but financials. The short-term catalyst has been a surge for the banking sector in the wake of the election of Donald Trump, as investors anticipate deregulation and merger and acquisition (M&A) activity. However, the roots of financial sector strength go […]
Rather than thinking of financials as UK banks plus a couple of insurance stocks, it might be time to see the sector as more like technology or healthcare. Although clearly different in many respects, they are all major global sectors with varied subsectors that diversify risk and offer superior risk-adjusted returns to the well-known large-cap […]
The world runs on computer chips, and our appetite for them is only increasing. Discover how Monks Investment Trust has invested in some of the big names and lesser-known players in the industry. As with any investment, your capital is at risk. You’re surrounded. From your washing machine and smartphone to your car and microwave […]
Montanaro UK Smaller Companies (MTU) has published its interim results for the six months to 30 September 2024 which include the announcement of a couple of key changes for the trust. First, with effect from 31 December 2024, MTU will be paying a regular quarterly dividend equivalent to 1.5% of the company’s NAV, amounting to […]
Schroder European REIT annual results to illustrate the improving conditions in the real estate sector, with the second half of its financial year (the six months to 30 September 2024) displaying signs of stability. The company’s NAV fell 4.3% to 122.7 euro cents per share, with the decline primarily driven by outward yield movement in […]
Alpha Real Trust, the real estate debt specialist, has proposed delisting its shares from the Specialist Fund Segment and offering shareholders a tender offer at NAV. The company is majority owned by Alpha Global Property Securities Fund Pte. Limited and persons acting in concert with Alpha Global, which together own 88% of shares in the […]
