In QuotedData’s morning briefing 19 August 2024: RM Infrastructure Income (RMII) has announced its interim results for the six months to 30 June 2024. The company delivered a NAV total return of 2.5% and a share price total return of 9.6%. The company also paid a dividend of 3.5p per share. The manager noted that […]
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: JLEN Environmental Markets (0:17) Downing Renewables and infrastructure (6:26) This week’s interview was with Ian Lance from Temple Bar Investment Trust – watch it again here.
A lot has been said by some commentators about Great Britain’s 7th placed finish and worst gold medal haul since Athens in 2004 at this year’s Olympics. However, the absolute weighting of golds on the ‘official’ table feels misguided given the often-infinitesimal margins between places on the podium. A total medal count of 65 should […]
Manager Tom Slater explains why resiliency and capital efficiency will be rewarded, and what factors make him optimistic for future growth, with private companies on track to deliver. Capital at risk.
Pershing Square Holdings (PSH) announced its interim report for the year ended 30 June 2024. For the first half of 2024, the company’s NAV total return increased by 5.7% while the share price increased by 14.7% compared to the benchmark index return of 15.3%. During the period, the discount narrowed from 28.7% to 22.7% The […]
In QuotedData’s morning briefing 16 August 2024: Canadian General Investments (CGI) announced its interim report for the six months to 30 June 2024. The company delivered a NAV total return of 13.3%, ahead of the benchmark index return of 6.1%. Shares were up 4.8%. Commenting on the performance and outlook, chair Vanessa Morgan noted: “The […]
JLEN Environmental Assets has signed an agreement for the sale of 51% of a portfolio of six gas-to-grid anaerobic digestion (AD) facilities to Future Biogas. The proceeds of the sale are £68.1m, in line with the valuation as at 30 June 2024. JLEN will continue to own the other 49% of the portfolio, as well […]
In QuotedData’s morning briefing 15 August 2024: Macau Property Opportunities (MPO) has seen a 12.2% slide in its NAV over the quarter ended 30 June 2024. It blames local developers discounting properties to boost their cash flow. It says that it continues to comply with all banking covenants and Loan to Value ratios. Empiric Student […]
In QuotedData’s morning briefing 14 August 2024: Home REIT says that it has reached an agreement with Mansit Housing CIC, a non-performing tenant, for the surrender of its leases on 68 properties. The majority of the properties are occupied by private rented sector tenants on Assured Shorthold Tenancies. This should boost Home REIT’s rental income. […]
Literacy Capital has made a significant minority investment into Campfire, a digital marketing agency based in Manchester. Campfire provides technology and data-led influencer marketing services, with the business’s proprietary trend spotting and prediction tool, Spark, at the core of its service offering. You can see some of its work here. The business has completed 10,000+ […]
In QuotedData’s morning briefing 13 August 2024: Pleasingly, at yesterday’s AGM, NextEnergy Solar Fund’s (NESF) shareholders overwhelmingly backed the company (94:6) to carry on with its existing objective. Syncona’s (SYNC) NAV has slipped again – by 4.9% over the three months ended 30 June. The value of its life science portfolio fell by 8.3% and […]
Impax Environmental Markets (IEM) has released its interim report for the six months to 30 June 2024. The company’s NAV total return was -0.5% while shares fell 2.3%, trailing the benchmark index which delivered a return of 12.2%. The net revenue return for the period was £8.6m, compared with £9.1m earned in the same period […]
Downing Renewables & Infrastructure Trust (DORE) has provided a portfolio update announcing that its Mersey Reactive Power Limited, a UK-based, fully operational 200 MVAr shunt reactor which the company acquired in June 2023, has renegotiated its contract with the National Grid Electricity System Operator to provide additional reactive power to the Merseyside area. The shunt […]
In QuotedData’s morning briefing 12 August 2024: Apax Global Alpha ( APAX) has provided an update on the Apax Funds’ intention to take private technology consultancy, Thoughtworks. As part of the transaction, Apax XI and co-investors will purchase all the outstanding shares in Thoughtworks, whilst Apax IX, alongside related co-investors, will roll its entire stake […]
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: Finsbury Growth & Income (0:23) This week’s interview was with Matt Cable from Rights & Issues – watch it again here.
In his latest QD view, James Carthew looks at the impact of recent market falls on the technology sector, and Polar Capital Technology in particular. Polar Capital Technology’s amazing results Polar Capital Technology (PCT) announced results for the 12 months ended 30 April 2024 on 17 July 2024, we covered these here. The numbers were […]
Hargreaves Lansdown has announced that it is recommending a cash offer for the company at 1140 pence per share. The bidder is Harp Bidco Limited, which is backed by CVC Private Equity Funds, Nordic Capital XI Delta, SCSp (acting through its general partner, Nordic Capital XI Delta GP SARL) and Platinum Ivy B 2018 RSC Limited. […]
In QuotedData’s morning briefing 9 August 2024: Murray International (MYI) announced its interim results for the six month period to 30 June 2024. The NAV total return was 5.5% compared with 12.2% for the company’s reference index. The share price total return was 0.5%, as the discount to the NAV widened from -4.0% at 31 […]
Another Home REIT (HOME) tenant has entered administration. One (Housing & Support) CIC, a tenant of 110 properties representing 7% of the company’s portfolio by number of properties as at 31 July 2024, has entered into administration, with Evelyn Partners acting as administrator. The company said it would work with the administrator to arrange for […]
Assura has agreed a deal to acquire Northwest Healthcare Properties’ UK private hospital portfolio for £500m. To fund the deal for the 14 asset portfolio, the company plans to issue Northwest £100m in shares, refinance £266m of debt, draw down £80m from its revolving credit facility and use £54m of cash. Portfolio overview The portfolio […]
In QuotedData’s morning briefing 8 August 2024: Ashoka India Equity (AIE) has reminded shareholders that its annual voluntary redemption – where shareholders can, if they choose, cash in their shares at NAV – will happen at the end of September. If you want to take part, redemption requests need to be in by 5 September […]
Tritax Big Box REIT (BBOX) has reported a 1.2% uplift in its EPRA net tangible assets (NTA) to 179.33p per share over the six months to 30 June 2024. Its portfolio grew 0.7% in value over the period on a like-for-like basis (off the back of 1.9% growth in ERV). These were the first set […]
In QuotedData’s morning briefing 7 August 2024: Apax Global Alpha Limited (APAX), announced that it expects to invest approximately €2.5m in greytHR on a look-through basis, a leading full suite human resource management software platform in India. The transaction is due to close in Q3 2024, subject to customary closing conditions. Cordiant Digital Infrastructure Limited […]
RTW Biotech Opportunities (RTW) has announced an investment in new portfolio company, Jade Biosciences. RTW, alongside other investment vehicles managed by RTW Investments LP, participated in Jade’s financing round that raised $80m for its launch. The funding will be used to support Jade’s plans to develop targeted therapies for indications with high unmet need across […]
Rights and Issues (RIII) announced its interim results for the six month ended 30 June 2024. The company delivered a strong first half with NAV up 13.2% and total shareholder returns reaching 15.8%, outperforming the index which gained 7.4% on a total return basis. The company’s discount narrowed to 8.2% at the end of the period. During the […]
In QuotedData’s morning briefing 6 August 2024: Apax Global Alpha (APAX) announced that Thoughtworks, a portfolio company in the Apax IX Fund, in which Apax Global Alpha Limited is a limited partner, has entered into a definitive agreement to be taken private by Apax Funds for $4.40 per share, which implies a total enterprise value […]
In QuotedData’s morning briefing 5 August 2024: Dunedin Enterprise (DNE) has announced that Dunedin Buyout Fund III LP has entered into a legally binding agreement for the realisation of its investment in EV, a provider of high-performance video cameras and quantitative visual analytics to the global energy industry. The investment in EV was valued, net […]
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: Pershing Square Holdings (0:35) JPMorgan Japanese / JPMorgan Japan Small Cap Growth & Income (4:21) Andrew McHattie Introduction (9:01) Crystal Amber Fund (11:22) Highly concentrated trusts (14:48) Market rotation (17:22) UK small caps v […]
At last! The Bank of England’s first cut in interest rates has finally come, marked by a collective sigh of relief for many downtrodden sectors such as property. It may be just a 0.25% cut and a succession of quickfire cuts seem highly unlikely, but it signals a turning point that should bring confidence to […]
HgCapital Trust (HGT) has announced that its manager, Hg, has made an investment in CTAIMA and e-coordina. HGT will invest approximately £11.5m in the deal, alongside other institutional clients of Hg, through the Hg Mercury 4 Fund. HGT said that the combination of CTAIMA and e-coordina will create a leading Iberian contractor management, risk and […]
