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Investment Companies News

Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).

03 Mar 2023
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news show 3rd March 2023

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: • Aquila Energy Efficiency (0:26) • Princess Private Equity (5:51) • Triple Point Social Housing REIT (8:26) Andrew McHattie looked at the significant share price […]

Sectors
Companies
03 Mar 2023
230303 serious chess

QD view – Discounts – time to get serious?

The chart below shows how the median discount of share price to net asset value (NAV) across the whole London-listed investment companies market has moved since the start of 2021. What we see is a big lurch downwards around the outbreak of the war in Ukraine. Then a steady widening over the next few months […]

Companies
03 Mar 2023
E2_MercadoLibre_Investors Chronicle

MercardoLibre: bridging the digital divide

Scottish Mortgage deputy manager Lawrence Burns speaks to Pedro Arnt, CFO of MercadoLibre, to find out how the company combines innovation and iteration to democratise commerce and access to financial services. As with any investment, capital is at risk. Four per cent of UK adults do not have a bank account. But go to Latin […]

03 Mar 2023
E2_MercadoLibre_Investors Chronicle

MercardoLibre: bridging the digital divide

Scottish Mortgage deputy manager Lawrence Burns speaks to Pedro Arnt, CFO of MercadoLibre, to find out how the company combines innovation and iteration to democratise commerce and access to financial services. As with any investment, capital is at risk. Four per cent of UK adults do not have a bank account. But go to Latin […]

03 Mar 2023

BlackRock World Mining posts strong year driven by supportive macro

BlackRock World Mining (BRWM) has announced its annual results for the year ended 31 December 2022. During the period, which the chairman David Cheyne describes as “another year of excellent performance”, BRWM provided an NAV total return of +17.7% and a share price total return of +26.0%. In comparison, over the same period, BRWM says […]

Sectors
03 Mar 2023
230303 MYI

Murray International sees strong return to form

Murray International (MYI) has released its annual results for the year ended 31 December 2022. During the period, MYI provided an NAV total return of +8.8%, which compares favourably with that of its reference index, the FTSE ALL World Total Return Index, which MYI says returned -7.3%. However, the chairman, David Hardie, comments that MYI’s […]

Sectors
03 Mar 2023
Triple Point Social Housing

Inflation-linked leases boost Triple Point Social Housing REIT

Triple Point Social Housing REIT has reported a slight uptick in NAV in 2022 results as the positive impact of its inflation-linked leases offset yield movement caused by rising interest rates. Highlights include: EPRA Net Tangible Assets per share of 109.06 pence as at 31 December 2022 (2021: 108.27 pence), an increase of 0.7%. Portfolio independently valued at £669.1m (2021: £642.0m) The portfolio’s […]

Sectors
03 Mar 2023
230303 ORIT Breach Solar Farm

Octopus Renewables Infrastructure signs 10 year PPA with Iceland Foods

Octopus Renewables Infrastructure Trust (ORIT) has entered into a 10-year power purchase agreement (PPA) for the electricity to be generated at its Breach Solar Farm project with Iceland Foods Limited. Breach is a circa 67 MW solar PV project in Cambridgeshire, UK that ORIT acquired in June 2022. Breach is currently in construction and is […]

03 Mar 2023
a coffee cup next to an alarm clock

QuotedData’s morning briefing 3 March 2023

In QuotedData’s morning briefing 3 March 2023: Pacific Horizon has released its interim results for the six months to 31 January 2023. During the period, PHI’s NAV increased by 0.3%, while the share price increased by 4.1%, compared to the comparative index which rose 4.0% (all figures in sterling total return terms). The weakest performing […]

Sectors
02 Mar 2023

Tritax Big Box REIT sells £125m of assets

Tritax Big Box REIT has exchanged contracts for the sale of three investment assets for a total of £125m, in line with the 31 December 2022 valuations and reflecting a blended net initial yield of 4.6%. The purchaser is a leading global investor in real estate. The three assets, which have a combined WAULT of […]

Sectors
02 Mar 2023

Prime property yield movement hits Tritax Big Box REIT

Tritax Big Box REIT has posted a 19.0% drop in EPRA net tangible assets (NTA) in 2022 results. The fall, to 180.37p per share, was the result of the impact of rising interest rates on prime property yields, but was less than anticipated. The group’s portfolio value decreased 15.2% on a like-for-like basis in the […]

Sectors
02 Mar 2023

Pantheon Infrastructure makes solid start

Pantheon Infrastructure has published its first set of results, covering the period from its IPO in November 2021 up to the end of 2022. Having raised its maximum target of £400m, and having seen that boosted by the exercise of its subscription shares (which brought in an additional £80.8m) the trust has been busy deploying […]

Sectors
02 Mar 2023
Apax chair Tim Breedon

Apax Global Alpha hit by falls in listed equities

Apax Global Alpha delievered a total return of -7.4% over 2022, driven by a -11.3% return on its private equity portfolio, offset by a +1.9% return on its portfolio of derived investments (see our notes on the company for an explanation of what this entails). [Strangely, the chairman’s statement makes no reference to the trust’s […]

02 Mar 2023
230302 DORE Högforsen

Downing Renewables expands hydropower portfolio, ups dividend

Downing Renewables & Infrastructure Trust has bought two hydropower plants for a total of €5.8m. The two operational hydropower plants are located in Sweden’s SE2 electricity region. The deals are being funded through Downing’s available cash reserves. The first acquisition, completed in February 2023, is a c. 2.5 GWh hydropower plant in Högforsen, on the […]

02 Mar 2023
230302 icgt european camping vaccanselect

ICG Enterprise backs European Camping deal

ICG Enterprise Trust is investing alongside funds advised by PAI Partners to support European Camping Group’s acquisition of Vacanceselect in a transaction that is expected to create the 3rd largest operator of mobile holiday homes in Europe. The investment is being led by PAI Europe VII and PAI Europe VIII and the trust will invest […]

02 Mar 2023
230302 cord cra

QuotedData’s morning briefing 2 March 2023

Cordiant Digital Infrastructure (CORD) says portfolio company České Radiokomunikace (CRA) has signed a 5-year agreement with blue chip pay TV broadcaster AMC Networks International. The agreement, effective from 1 March 2023, allows AMC channels that were up to now only available on subscription or via the internet to be broadcast. This was enabled by CRA’s […]

Companies
01 Mar 2023
230301 RTW Oricell

RTW funds Oricell Therapeutics

RTW Venture Fund, alongside other investment vehicles managed by its investment manager, co-led participation in Oricell Therapeutics’ $45m Series B-1 financing round together with Qatar Investment Authority, with participation from existing investors, including Qiming Venture Partners and C&D Emerging Industry Equity Investment. Oricell, which was founded in 2015, is a China-based innovative pharmaceutical company committed […]

Sectors
01 Mar 2023

Impressive numbers but still work to be done for Riverstone Energy

It was another year of eye catching returns for Riverstone Energy (RSE) which ended the period to 31 December 2022 with a NAV of $14.52 (£11.99) per share, a 17.0% and 30.5% increase in USD and GBP, respectively, compared to the 31 December 2021 NAV of $12.41 (£9.19) per share. Management does not provide a […]

Sectors
01 Mar 2023

QuotedData’s morning briefing 1 March 2023

In QuotedData’s morning briefing 1 March 2023: Aquila Energy Efficiency (AEEE/AEET) did fail its continuation vote (as flagged 27 August). By 28 August 2023 (six months after the meeting), the directors will recommend to shareholders whether the company be reconstructed, re-organised or placed into liquidation, having explored all options and determined the best solution including […]

Geographies
  • Europe (EU and EEA ex UK)
  • Global
  • Japan
  • UK
Sectors
Companies
28 Feb 2023
Mobius Investment Trust MMIT

Mobius matches EM index fall in tumultous year

Mobius Investment Trust has published results for the period from 1 December 2021 to 30 November 2022. The NAV and share price on a total return basis decreased by 12.3% and 15.0% respectively. The MSCI EM Index lost 13%. The shares traded at an average discount to NAV of 2.3%, closing at a discount of […]

Sectors
28 Feb 2023

Law Debenture held up by IPS business

Law Debenture (LWDB) has published its annual results for the year ended 31 December 2022. During the year, LWDB provided an NAV total return with debt and Independent Professional Services (IPS) business at fair value for FY 2022 of 0.6% (-6.8% with debt at par). Similarly, it provided a share price total 0.4% for 2022 […]

Sectors
28 Feb 2023
230228 SSON Bear market

Smithson’s significant underperformance driven by growth sell off

Smithson (SSON) has published its annual results for the year ended 31 December 2022. It is the company’s fourth set of annual results and the first in which it has reported a decline in NAV and while the drop is significant and SSON has underperformed its benchmark, it comes a against a backdrop of a […]

Sectors
28 Feb 2023

Fondul Proprietatea reports on decent 2022 as Hidroelectrica IPO inches closer

For calendar year 2022, Fondul Proprietatea produced an NAV return of 19.1% and a share price return of 12.2% (in RON terms) or 3.9% in US dollar terms. At the year end, the shares were trading on a 20% discount. There’s a RON0.05 dividend and the board may yet declare a special dividend. The highlights […]

28 Feb 2023

QuotedData’s morning briefing 28 February 2023

In QuotedData’s morning briefing 28 February 2023: Princess Private Equity (PEY) is abandonng (from April 2023) its currency hedging strategy, which had a considerable negative impact on the fund last year. Dividends based on 5% of NAV will resume in June with a 36 cent payment. The chair Richard Battey, who has been on the […]

Companies
27 Feb 2023

Aquila Energy Efficiency fails continuation vote

Following the deadline on 24 February 2023 for receipt of forms of proxy in respect of the upcoming meeting on 28 February 2023, Aquila Energy Efficiency has announced the result of the proxy votes cast as at 2 p.m. on 24 February 2023. Votes over a total of 46,553,793 (about 55.58% of total votes cast) […]

27 Feb 2023
230227 grp low wind speed

Low wind resource holds back Greencoat Renewables

Greencoat Renewables says that for the year ended 31 December 2022: NAV per share increased by 7.3 cents to 112.4 cents per share Declared dividends totalling 6.18 cents per share, with a target of 6.42 cents for 2023 (+3.9%) The portfolio generated 2,487GWh of electricity in the period (2021: 1,522GWh) that’s enough to power 538,958 […]

27 Feb 2023
230227 gsf grid

Gore Street Energy announces results of capacity market bids

Gore Street Energy Storage Fund secured contracts in the 2023 T-4 capacity market auction across six of its battery energy storage sites. The T-4 auction is designed to secure capacity for the power grid for a period of 15 years commencing in four years’ time. Gore Street Energy Storage’s revenue for the first year (between […]

27 Feb 2023
someone reading a newspaper with a piece of toast and a mug of coffee next to them

QuotedData’s morning briefing 27 February 2023

In QuotedData’s morning briefing 27 February 2023: Life Science REIT (LABS) announces the letting of part of the ground floor of Building One at Oxford Technology Park to Arcturis Data Limited, a healthcare technology company applying advanced analytics and machine learning to generate real-world evidence and novel healthcare insights in both common and rare diseases. […]

Companies
24 Feb 2023
230224 QD view - energy battery storage solutions

QD view – In search of storage solutions

The need to decarbonise the global economy to address the myriad issues that are being created by climate change is now well understood. For this, a range of solutions is required but it is clear that for many economies, the UK included, renewables – primarily solar and wind but with smaller contributions from other technologies […]

Companies
24 Feb 2023
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news show 24th February 2023

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: • Harmony Energy Income Trust (0:42) • NextEnergy Solar (8:10) This week’s interview was with Jean Hugues de Lamaze from Ecofin Global Utilities and Infrastructure […]

Sectors
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