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 […]
In QuotedData’s morning briefing 21 November 2024: Shires Income (SHRS) announced its interim results for the six months to 30 September 2024. The company delivered a NAV total return of 6.8%, compared to a benchmark return of 6.1%. The share price total return was 14.5%, resulting in a narrowing of the discount of share price […]
Oakley Capital’s Oakley Capital Fund V is investing in Konzept & Marketing, a leading, independent managing general agent (MGA) in the German, personal non-life insurance market. Oakley will be investing alongside insurance veteran, Joachim Müller, former CEO of Allianz Commercial, who will oversee a buy-and-build strategy as chairman of the business. Oakley Capital Investments’ look-through […]
Edinburgh Worldwide’s board has been reviewing the trust’s strategy, execution, and recent performance. It has determined that change is needed “to put the trust back on a path to growth”. Some of the proposals need shareholder approval. Today it has published a circular setting out its plans for a change of investment policy, and a […]
As at 30 September 2024, HydrogenOne Capital Growth’s largest investment was in Sunfire GmbH. The trust’s stake represented 25% of its NAV. Sunfire has just announced a new 50-megawatt (MW) electrolyser contract with Ren-Gas, Finland’s hydrogen project developer, at its plant in Tampere. Sunfire will deliver five 10-MW pressurised alkaline electrolysis modules (which HGEN’s manager […]
VH Global Sustainable Energy Opportunities says its third solar and storage hybrid system in New South Wales, Australia, has completed the construction phase and has now been commissioned. The project came in on time and on budget. The company announced the completion of two hybrid systems in NSW three weeks ago. This raises the operational […]
The UK financial regulator – the Financial Conduct Authority (FCA) – has introduced a product labelling scheme aimed at preventing “greenwashing” – passing off funds as having ESG benefits that they don’t actually have. Impax Environmental Markets, which is the UK’s largest investment trust focused on environmental solutions and resource efficiency, has announced that it […]
In QuotedData’s morning briefing 20 November 2024: Starwood European Real Estate Finance (SWEF) reports a drop in its NAV from 105.61p at end September to 99.38p at end October. Most of this fall relates to an impairment provision made against one asset, but it is not saying what this is. HICL Infrastructure (HICL), reporting six-month […]
Miton UK MicroCap (MINI) has issued a statement saying that, following its engagement with shareholders on the future direction of the company – which MINI’s board said it would do given the level of redemption requests received for the 2024 Redemption Point – the board has concluded that it is the best interest of shareholders […]
In QuotedData’s morning briefing 19 November 2024: HgCapital Trust (HGT) announced a recapitalisation of portfolio company Septeo Group, the terms of which have not been disclosed. The transaction values HGT’s investment in Septeo at approximately £130.0m This would represent an uplift of £5.9m (5% or 1.3 pence per share) over the carrying value of £124.1m […]
Supermarket Income REIT has acquired a Sainsbury’s omnichannel supermarket in Huddersfield, West Yorkshire, for £49.7m, reflecting a net initial yield of 7.6%. The property, which the company said is a top quartile performing food store, comprises a 113,348 sq ft gross internal area omnichannel supermarket and a petrol filling station and is located on […]
Worldwide Healthcare (WWH) has issued an announcement following up on the results of its AGM on 10 July 2024, where the resolutions to re-elect Doug McCutcheon and Sven Borho as directors of the company had more than 20% of votes cast against the respective resolutions (all other votes passed comfortably). The board acknowledges that some […]
In QuotedData’s morning briefing 18 November 2024: Following its recently announced partial compulsorily redemption (which is expected to take place on 29 November 2024), CATCo Reinsurance Opportunities (CAT) will have redeemed the entirety of its interest in the Master Fund and distributed substantially all of the redemption proceeds it has received. Consequently, CAT’s board is […]
QD view – as Trump’s nominees for his cabinet court controversy, we have a look at some possible implications. On Thursday, we published a note on Polar Capital Global Healthcare – Vital signs are good. In it, we highlighted the managers’ belief that the sector is well-positioned to underpin the sector’s growth story for the […]
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 […]
