Riverstone Credit Opportunities Income has announced a successful amendment and extension of its investment in Streamline Innovations, a leader in environmentally-advanced treatment solutions for the removal of hydrogen sulfide (H2S) from energy, renewable fuels, wastewater, and industrial processes. The company realised about $2.0m of profits at closing of the amendment and extension resulting in a […]
ThomasLloyd Energy Impact has received a notice from certain entities and funds which hold shares in the company and are affiliated with ThomasLloyd Global Asset Management (Americas) LLC (the investment manager) requisitioning a general meeting of shareholders. The meeting is required to be convened within 21 days of the requisition and to be held on […]
Hipgnosis Songs Fund has published results for the year ended 31 March 2023. The independent valuer has left the discount rate used to calculate the fund’s NAV unchanged at 8.5% [some commentators will question the logic behind this given how far interest rates have risen. Given the complexities of valuing the fund and working out […]
Downing Renewables and Infrastructure has acquired a Swedish Electricity Distribution System Operator, Blåsjön Nät AB for about £7m. The deal involves the purchase of 100% of the share capital in Blåsjön, a regulated electricity distributor, which delivers 16-18 GWh per annum of electricity through medium and low voltage lines to its 1,547 domestic and business […]
Jupiter Green Investment Trust has published results for the year ended 31 March 2023. In NAV terms the trust delivered a total return of -0.4%, outperforming the wider Global Small Cap index, which returned -3.1%. Shareholders benefited from an improved rating as the discount narrowed from 18.7% to 13.4%, the share price delivered a +6.7% […]
CT UK High Income has announced that David Moss will succeed Philip Webster as its portfolio manager with immediate effect. The investment policy and objective will remain unchanged. David has worked at the investment manager (which became part of Columbia Threadneedle Investments in 2021) for 25 years, and is currently the head of European equities […]
Seraphim Space has authorised a share buyback programme. It hasn’t said how big that will be except to say that it wouldn’t use all of its permission to buyback up to 14.99% of the company. Neither has it set a discount target. [Nevertheless, shareholders will be pleased to see the board take some action to […]
In QuotedData’s morning briefing 13 July 2023: Round Hill Music (RHM) says that its Q1 2023 revenue was 94% higher year-on-year to $10.2m We also have results from Jupiter Green and Hipgnosis, an acquisition by Downing Renewables, a new manager for CT UK High Income, an update from Seraphim Space
ThomasLloyd Energy Impact has provided a valuation update relating to the status of its Rewa Ultra Mega Solar Park Project which led to the suspension of the fund’s shares back in in April. We have written about the situation that has unfolded over the last few months here, and here. The update relates to the […]
Artemis Alpha Trust (ATS) announced its annual results for the year end up to 30 April 2023. During year NAV per share rose by 1.3% and its share price fell 1.2% (on a total return basis). In comparison the benchmark FTSE All- Share Index rose by 6.0%. The second half of the year showed a […]
Cordiant Digital Infrastructure Limited (CORD) announced that its portfolio company, České Radiokomunikace has signed a new 15-year contract with an existing customer, the blue-chip mobile operator T-Mobile for the lease of space on CRA’s telecommunications tower portfolio. The new contract replaces and expands the scope of the existing contract with T-Mobile. Under the previous arrangements, […]
JLEN Environmental Assets Group (JLEN) announced its investment up to the value of €9.2m into the company’s second green hydrogen development opportunity, in Germany, alongside a consortium including other Foresight managed funds and its development partner HH2E, a specialist in developing green hydrogen projects to decarbonise industry. The green hydrogen production site is located in […]
Miton UK Microcap Trust (MINI) announced its annual results for the year ended 30 April 2023. Miton struggled throughout the year in what remains a challenging environment for small and micro caps. NAV fell 30% and shares 31%. In contrast, the Numis 1000 Index was down 11.2% during the same period. Despite the performance, the […]
Riverstone Energy (RSE) has announced that one of its portfolio companies, Anuvia Plant Nutrients, has ceased operations and is undergoing liquidation. The company invested US$20 million in Anuvia in March 2022, with its investment being written down to US$14 million at the time of its Q1 2023 quarterly portfolio valuations. Anuvia is in the process […]
In QuotedData’s morning briefing 10 July 2023: Castelnau Group (CGL) has announced that it has purchased a 25% stake in Warlord Games, a historical table top wargame maker, through one of its portfolio companies, Hornby Hobbies. The transaction was made for £1.25m in cash. CGL has the option to become the majority shareholder in Warlord […]
As I write this, the outlook for the UK equity market looks particularly depressed. As I discussed in my QD view “Bargain Britain” two weeks ago (click here to read), inflation in the UK has remained stubbornly high, which was somewhat of a surprise to many commentators who had expected to see signs of this […]
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Fondul Proprietatea (0:46) Andrew McHattie looked at why Hansa Trust and emerging markets funds were rising while growth focused funds continued to slide over […]
Fondul Proprietatea (FP.) has announced that, based on the preliminary data held by AIFM (Franklin Templeton International Services S.À R.L.), there is a high probability that the next reported NAV will be at least 5% lower than the most recent NAV as of 31 May 2023 (which was published by the fund on 15 June […]
In QuotedData’s morning briefing 7 July 2023: GCP Asset Backed Income (GABI) has extended its £50m revolving credit facility (RCF), with Royal Bank of Scotland International Limited, that was due to mature in August 2023, by 12-months to August 2024. The terms are the same as for the previous facility. The current drawn balance on […]
Amid the upheaval of progress, there is no going back to the world as it was. Tom Slater, manager of Scottish Mortgage, looks beyond the uncertainty in pursuit of long-term growth. “What gives us the confidence to stay the course and stick to our approach? It is the ongoing, deepening and widening of technological progress.” […]
Asset Value Investors Limited submitted eight shareholder proposals to NC Holdings. At the ordinary general meeting of shareholders on 29 June, three of these proposals passed while a further three achieved majority shareholder support. Proposals that passed: A special resolution requiring over two-thirds of the vote, amending the articles of incorporation to give shareholders the authority […]
Oryx International Growth reports a 5.9% decline in its NAV over the 12 months ended 31 March 2023. By comparison, benchmark indices fell by 19% on average. The second half of the period was better than the first, with a second half gain of 9.8% offsetting a first half fall of 14.6%. There is no […]
Schroder British Opportunities says that over the year ended 31 March 2023 its NAV increased by 3.1% to 107.32p. There is no dividend. However, the share price suffered a decline of -18.5% as the discount widened from ‑19.3% to -36.2%, which the chairman describes as frustrating. 1.1m shares were repurchased and are being held in […]
Gore Street Energy Storage says that the energisation process of its 79.9MW Stony asset in Milton Keynes has been scheduled with National Grid ESO to begin on 31 July 2023. The process is expected to take up to two weeks to complete. Once operational, the asset will bring the company’s total operational portfolio to 371.5MW. […]
In QuotedData’s morning briefing 6 July 2023: TwentyFour Select Monthly Income (SMIF) says 3,939,187 shares were tendered to its quarterly tender offer. 500,000 of these were purchased by Numis and the rest have been bought back into treasury – all at 72.62p per share. JPMorgan Multi Asset Growth and Income (MATE) passed its continuation vote […]
Worsley Investors (WINV) announced the release of its annual report for the period ended 31 March 2023. The company saw solid returns for the year given the circumstances with NAV growing 10% and shares up 1% with the discount widening to 34% at last close. The total annualised return on the capital invested over the […]
RTW Biotech Opportunities (RTW) provided an update on its intended use of proceeds from its holding in Prometheus Biosciences, Inc., following its acquisition by Merck. The sale resulted in total proceeds of $99.1 million on total invested capital of $8.4 million, representing a 11.8x multiple. RTW plans to split the proceeds across a series of […]
Augmentum Fintech (AUGM) announced its audited annual results for the year ended 31 March 2023. NAV per share increased by 2.4%, however shares fell 27.1% with the company’s discount widening to 37%. Chairman Neil England commented on the performance, noting: “Shareholders will be fully aware of the significant market volatility throughout the year under review. […]
Princess Private Equity (PEY) announced an update for the month of May with NAV improving by 2%. The positive performance was mainly driven by positive foreign exchange movements as the Euro depreciated in May against the US dollar. A number of portfolio companies also materially contributed, with KinderCare being the most notable. KinderCare is the […]
In QuotedData’s morning briefing for 3 July 2023 Riverstone Energy (RSE) has provided an update on its share buyback program, whereby it has entered into an agreement with JPMorgan and Numis to buyback shares through a non-discretionary programme, subject to certain pre-set parameters. This programme will continue from today to the publishing of its next […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated
