Downing Renewables & Infrastructure (DORE) has published its latest NAV and operational update as at 30 September 2024. The NAV was £202.6m or 117.3p per share, a decrease of 0.5% from the NAV per share as at 30 June 2024 (£207.6m or 117.9p per share) which also takes into account the payment of the £2.5m (1.45p per […]
Asia Dragon (DGN) has published its annual results for the year ended 31 August 2024, during which the MSCI AC Asia ex Japan Index rose 12.0% in sterling total return terms, while DGN’s net asset value (NAV) increased 9.3% on the same total return basis. The share price rose from 353p to 404p over the […]
In QuotedData’s morning briefing 25 November 2024: Utilico Emerging Markets (UEM) has published its interim report for the six months ended 30 September 2024, a period that continued to be challenging with elevated volatility in most markets as uncertainty has dominated. UEM experienced two key headwinds: the first was the revaluation of Petalite Limited (Petalite) and […]
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: Blackstone Loan Financing (0:19) Edinburgh Worldwide (4:17) Miton UK MicroCap (9:36) This week’s interview was with Alex Crooke from Bankers Investment Trust – watch it again here.
The problem with Trump’s use of the phrase “MAGA” – Make America Great Again – is that it implies America wasn’t already great. With its booming equity markets, robust economic growth, and strong fundamentals – such as energy independence, deep pools of domestic capital, and the inherent advantages of the US dollar’s reserve currency status […]
Asset Value Investors target undervalued businesses with growth potential and clear catalysts. Their investment in Schibsted unlocked significant value through strategic restructuring, driving exceptional returns.
In this video, Senior Investment Director, Alan Gauld outlines the strategy of the Patria Private Equity Trust (PPET), highlighting the focus on diversified private equity investments, including funds, and direct investments, with a goal of achieving long term returns for its shareholders. This video is supplied by Patria.
HgCapital Trust (HGT) says that it will invest approximately £11.7m in Empyrean Solutions, which it describes as a leading provider of risk and performance management software for financial institutions, alongside other institutional clients of Hg investing through the Hg Mercury 4 Fund. Hg says that the transaction follows a period of rapid growth and scaling, […]
Blackstone Loan Financing Limited (BGLF) says that it has entered into a conditional agreement for the sale of 100% of the Profit Participating Notes (PPNs) to an entity that is an affiliate of its manager. The transaction is subject to shareholder approval and certain other conditions but, if it proceeds, BGLF says that the deal […]
In QuotedData’s morning briefing 22 November 2024: Schroder British Opportunities (SBO) has announced a non-material change to its investment policy, whereby it will remove the following paragraph that makes reference to the United Nations’ Sustainable Development Goals: “The Company will focus on companies which the Portfolio Managers consider to be sustainable from an environmental, social […]
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 […]
