Syncona has invested a further £19.9m in Purespring Therapeutics as part of an £80m oversubscribed Series B financing for that company. Syncona formed part of a leading Series B syndicate, led by Sofinnova, in collaboration with Gilde Healthcare, Forbion, and British Patient Capital. Syncona founded Purespring in 2020 as one of the first adeno-associated virus […]
In QuotedData’s morning briefing 9 October 2024: RIT Capital Partners (RCP) has a new independent non-executive director and member of the Audit and Risk Committee, Helena Coles. Helena has extensive international experience and spent most of her career as a portfolio manager. She also brings valuable perspectives from asset owners and a UK regulator. She […]
In QuotedData’s morning briefing 8 October 2024: Literacy Capital (BOOK) has announced a variation to the terms of its investment management agreement increasing the fee payable to the investment manager to 1.5% of the adjusted audited net asset value as at the end of that year effective from 1 January 2025. The current entitlement is […]
PRS REIT has reported an 11% uplift in net asset value (NAV) in annual results to 30 June 2024, as the rental income on its private rented housing portfolio increased 12% on a like for like basis. The company’s NAV was 133.2p per share (2023: 120.1p) as the group’s portfolio of completed homes grew to […]
Oakley Capital Investments (OCI) has announced that Oakley Capital Fund V has agreed to acquire Assured Data Protection, which it describes as a managed services provider (MSP) focused on backup, disaster recovery and cyber resiliency as a service. OCI’s indirect contribution to Fund V is anticipated to be c. £26m, which relates to OCI’s share […]
3i Infrastructure (3IN) says it has received a binding offer for its c.33% stake in Valorem, an independent European renewable energy developer and power producer, from funds managed by AIP Management P/S alongside other co-investors. 3IN says that, subject to acceptance of the binding offer, which will follow consultation with Valorem’s employee representative bodies, 3IN […]
CEIBA Investments (CBA) has published an update from its chairman, John A Herring, in which he says that, at its most recent board meeting, CBA’s board instructed the manager to enter into discussions with bondholders regarding the possibility of restructuring CBA’s €25m 10% convertible bonds due on 31 March 2026. CBA’s board wants to change […]
In QuotedData’s morning briefing 7 October 2024: Tufton Oceanic Assets (SHIP) says that “principals and staff of its investment manager”, Tufton Investment Management Ltd, acquired an additional 160,741 of SHIP’s ordinary shares on 30 September 2024. As at 30 June 2024, Tufton stakeholders owned 4.9% of the issued share capital in the company. Boussard & […]
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: Atrato Onsite Energy (0:35) Keystone Positive Energy (2:12) Residential Secure Income (3:47) Triple Point Energy Transition (5:44) Andrew McHattie from Investment Trust Newsletter (7:27) This week’s interview was with Richard Brown from Castlenau Group […]
Long suffering Chinese investors finally have something to cheer about. The CSI 300, the broad-based index of China’s largest companies, is now up an astonishing 27% off its mid-September lows as the People’s Bank of China (PBoC) and politburo announced an array of measures and fiscal rhetoric to support equity markets and the broader economy. […]
Gulf Investment Fund (GIF) has published a circular and notice of extraordinary general meeting, proposing a vote on the members’ voluntary liquidation of the company, which follows GIF announcement on 9 September in relation to its tender offer that has triggered this continuation vote (if the tender had proceeded, it would have pushed the number […]
In QuotedData’s morning briefing 4 October 2024: Following Atrato Onsite Energy’s (ROOF’s) announcement yesterday that it has entered into a conditional agreement to sell its entire portfolio of solar assets (click here to see our coverage of that announcement), ROOF has published a circular and notice of general meeting at which it will seek the […]
British Land raised £301m in a placing, retail offer and subscription and will use the proceeds to part fund the acquisition of a portfolio of retail parks for £441m. In aggregate 71,227,309 new ordinary shares were placed at a price of 422 pence, which represents a discount of 3.6% to the closing price on 2 […]
The board of Residential Secure Income is proposing a managed wind-down of the company following a review of options for maximising shareholder value. The company’s persistent and material share price discount to NAV and its small market cap of around £101m (which it said may be a deterrent to some potential investors due to lower […]
The manager of RTW Biotech Opportunities has led a $400m Series A financing round for a new portfolio company, Kailera Therapeutics. The announcement does not disclose how much of that came from the listed fund. RTW Investments co-led the Series A with Atlas Venture and Bain Capital Life Sciences, with participation from Lyra Capital. The […]
Syncona has committed £63.5m in a Series B financing of Resolution Therapeutics, a company focused on unlocking the regenerative potential of macrophage therapy for the treatment of inflammatory and fibrotic diseases. Syncona has invested an initial tranche of £22.0m, with investment of the full Series B commitment dependent upon the completion of key milestones. Alongside […]
In a surprise announcement, Atrato Onsite Energy says it has entered into a conditional agreement for the sale of all of its portfolio of solar assets to a joint venture vehicle owned by Brookfield and RAIM Apollo at a headline price of £218.7m. This compares to the portfolio valuation in the NAV of £224.1m. Shareholders will […]
In QuotedData’s morning briefing 3 October 2024: Miton UK Micro Cap (MINI) says 31,083,534 shares or 40.4% of its issued share capital, has been put forward for redemption in its annual redemption facility. A statement from the board says “The board continues to believe that the company will be able to generate attractive returns for […]
VietNam Holding (VNH) announced its annual report for the twelve-months to 30 June 2024. The company delivered an impressive NAV total return of 23.6% for the full-financial year, comfortably outperforming a 9.5% increase in the benchmark index. The fund also performed better than its peers by a notable margin.. The share price return was up […]
Alternative Income REIT (AIRE) has posted a 3.9% drop in net asset value (NAV) to 80.9p in annual results to 30 June 2024. The fall was primarily due to an outward yield movement in its property portfolio that resulted in a 4.0% reduction in the portfolio value to £102.7m. NAV total return was 3.5%, while […]
In QuotedData’s morning briefing 2 October 2024: RTW Biotech Opportunities (RTW) announced a new investment in Aktis Oncology, a clinical-stage biotechnology company pioneering the discovery and development of novel targeted alpha radiopharmaceuticals to treat a broad range of solid tumours. RTW, alongside other investment vehicles managed by RTW Investments (the investment manager), co-led Aktis’s Series […]
In QuotedData’s morning briefing 1 October 2024: Baillie Gifford China Growth Trust (BGCG) announced its interim results for the six months to 31 July 2024. The company delivered a NAV total return of 10.2%, trailing the benchmark index return of 12.0%. The share price rise was 4.1% as the company’s discount to NAV expanded from […]
JPMorgan Global Growth & Income (JGGI) has announced its annual results for the year to 30 June 2024. During the period, JGGI provided NAV and share price total returns of 28.0% and 28.8% respectively, which compared against a 20.1% total return for its benchmark, the MSCI AC World Index (all in sterling terms). JGGI says […]
The board of Triple Point Social Housing REIT has announced the appointment of Atrato Partners as the company’s new investment manager, replacing Triple Point. A review of the investment management arrangements was launched by the board earlier this year, and it has now decided to part ways with Triple Point. Atrato, which also manages Supermarket […]
CQS New City High Yield (NCYF) has published its annual results for the year ended 30 June 2024, showing a strong year of performance during which it provided an NAV total return of 19.07% and a share price total return of 22.73%. The dividend yield was 8.62%, based on dividends at an annualised rate of […]
Bluefield Solar Income Fund (BSIF) has published its annual results for the year ended 30 June 2024, during which it provided NAV and share price total returns of -0.83% and -4.67% respectively. The fall in the NAV reflected lower long term electricity prices and lower inflation expectations. Underlying earnings per share, pre-debt amortisation, were 15.51p […]
US Solar Fund (USF) has announced that, following the change in investment manager announced on 1 December 2023, its board and manager (Amber Infrastructure Investment Advisor, LLC), determined that the contracts to sell Renewable Energy Certificates (RECs) in relation to six of USF’s Oregon projects signed in November 2023, required termination [QD comment: there is […]
Keystone Positive Change (KPC) is proposing that it be wound up with shareholders offered a cash exit in full but, reflecting the board’s confidence in the long-term prospects for Baillie Gifford’s “Positive Change” strategy adopted by the company in early 2021, shareholders will also be offered the option to rollover into Baillie Gifford Positive Change […]
In QuotedData’s morning briefing 30 September 2024: SDCL Energy Efficiency Income (SEIT) has published an interim update statement. It says that its operational assets are performing in line with expectations, on a consolidated basis, and that the portfolio is also well positioned for growth. Two of SEIT’s largest investments, Onyx, an established provider of distributed […]
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: Chrysalis Investments (0:33) Downing Renewables and Infrastructure (3:11) abrdn Property Income (05:58) This week’s interview was with Paul Niven from F&C Investment Trust – watch it again here.
