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.
Here at QuotedData we spend a lot of time thinking of new ways to get the message across that the best investment companies can make the best long-term investments. Every year, the industry hands out awards to the managers and trusts that it thinks are doing the best job for investors, but we thought – […]
Henderson High Income (HHI) has published its interim results for the half-year ended 30 June 2024, during which it provided an NAV total return of 6.5%, outperforming its benchmark, which returned 5.9%, although the share price total return was less at 3.4% reflecting a widening of the discount. The NAV outperformance was achieved during a […]
Chrysalis (CHRY) has signed a definitive agreement with Visa to sell Featurespace “for an undisclosed sum”. However, Chrysalis expects to receive cash proceeds of approximately £89m (gross of deferred payments, typical of this type of transaction; initial consideration is expected to be approximately £79 million), which represent a 20% premium (equating to an NAV uplift […]
abrdn Property Income Trust (API) has entered into an agreement to sell its entire share capital to funds managed by GoldenTree Asset Management for £351m. The transaction comprises the sale of 39 assets (the company’s entire investment property portfolio, with the exception of its interest in the land at Far Ralia). API’s debt facility with […]
Schroder British Opportunities (SBO)says that it has been informed by Rory Bateman, co-portfolio manager of its portfolio and co-head of investment at Schroders, that he intends to retire from Schroders in February 2025. Rory has managed the company’s public equity portfolio alongside Tim Creed, Schroders Capital’s head of private equity investments and manager of SBO’s […]
In QuotedData’s morning briefing 27 September 2024: BioAge Labs, Inc., a portfolio company of RTW Biotech Opportunities (RTW), has completed a US$198m initial public offering (IPO) and is now trading on the Nasdaq Global Select Market under the ticker: BIOA. The company raised the US$198m by offering 11,000,000 shares at US$18.00 per share and, as […]
Pantheon Infrastructure’s interim numbers are very encouraging. The NAV continues to climb, the portfolio looks to be in good shape, and the board has felt confident to hike the full-year target dividend by 5% to 4.2p. However, given the discount that the shares trade on is preventing PINT from raising fresh capital, it has had to […]
Schroder Japan results for the 12 months ended 31 July 2024 have been published and they are good. The NAV total return was 21.0%, outperforming the benchmark’s total return of 16.4%. However, the share price return was 16.1%. During the year, the company repurchased a total of 2,503,437 shares. Revenue during the year increased from […]
Tufton Oceanic results for the 12 months ended 30 June 2024 show an NAV total return for the period of 20.6%. The share price rose from US$0.99 per share as at the close of business 30 June 2023 to US$1.21 per share as at the close of business 30 June 2024. On average, the shares […]
JPMorgan Emerging Markets has published results for the year ended 30 June 2024. The company’s NAV returned lagged its MSCI Emerging markets benchmark by six percentage points, returning 7.2% to the index’s 13.2%. The share price return for the period was 4.6%. The full year dividend will be 1.9p, up 15.2% on the previous year. […]
Invesco Global Equity Income results for the 12 months ended 31 May 2024 show it marginally behind its MSCI World Index benchmark, returning 21.0% to the index’s 21.6%. However, a narrowing discount did help the shares to a 26.9% return. The period end came just after the 7 May conclusion of the merger of the […]
abrdn Property Income Trust (API) has confirmed that it is in advanced discussions to sell its entire portfolio to funds managed by GoldenTree Asset Management. News of the sale was first reported by CoStar, which said that the price agreed for the portfolio was around £350m. This would be at a discount of 13.7% to […]
Manchester & London’s results for the year ended 31 July 2024 reflect the success of its AI-related investments. The NAV total return for the period was 55.4%. The share price rose by 56.1%, narrowing the discount a little to 15.3%. The dividend has been increased by 50% to 21p. [The trust is amongst the best-performing […]
Strategic Equity Capital’s results for the year ended 30 June 2024 show an NAV total return of 16.6% and share price return of 19.2% (as the discount narrowed a little). The NAV returns came in just behind the 18.5% return posted by the FTSE Small Cap Index. Revenue per share rose to 4.15p and the […]
Downing Renewables & Infrastructure Trust says it has entered into exclusive discussions in relation to the sale of its entire interest in Gabrielsberget wind farm in Sweden. The offer price is at a small premium to the carrying value as at 30 June 2024 and the transaction is anticipated to complete in Q4 2024, turning […]
In QuotedData’s morning briefing 26 September 2024: RM Infrastructure Income (RMII) says its latest tender was taken up in full – 19,738,338 shares will be bought back at the tender price of 88.59p (equivalent to the NAV as at 30 August 2024). The money should be in your account on Monday. Iona Star LP, the […]
