Account
Sign Up Login Investor Type
Menu

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).

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

QuotedData’s weekly news show 10th 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: • Chrysalis Investments (0:34) • 3i Infrastructure (9:26) • CC Japan Income & Growth (11:00) This week’s interview was with Colm Walsh from ICG Enterprise […]

Sectors
Companies
10 Feb 2023
230208 bonds will return

QD view – ‘Bonds will return… but when?’

After a painful adjustment to higher interest rates in 2022, there are whispers that bonds may be back. Yields are at decade-highs, inflationary pressures appear to have peaked and investor interest is reviving. However, with an uncertain economic outlook, there are still risks to be navigated. The investment trust sector tends to gravitate to specific […]

Sectors
10 Feb 2023
230210 SAIN

Scottish American combines inflation busting dividend with bear-market outperformance

The Scottish American Investment Company (SAINTS) has released its annual results for its financial year ending 31 December 2022. SAINTS aims to grow its dividend ahead of inflation over the long term. Over the past ten years SAINTS has increased its dividend at an annualised rate of 3.5%, which compares with UK CPI of 2.7%. […]

Sectors
10 Feb 2023
230210 THRG

Throgmorton’s fundamentals remain robust despite market turmoil

BlackRock Throgmorton Trust (THRG) has released its annual results for the financial year ending 30 November 2022 Over the 12 month period THRG reported a NAV total return of -31.1%, and share price total return of -35.5%. This compares to the -17.5% return of its benchmark index the Numis Smaller Companies plus AIM (excluding Investment […]

Sectors
10 Feb 2023
230210 JLEN Nadia Sood

QuotedData’s morning briefing 10 February 2023

In QuotedData’s morning briefing 10 February 2023: JLEN Environmental Assets Group (JLEN) says that Nadia Sood has been appointed to its board as a non-executive director with effect from 10 February 2023. The announcement says that Nadia brings extensive experience of executing and managing complex infrastructure investments ranging in size across multiple international markets. She […]

Companies
09 Feb 2023
headshot of Dan Loeb

Third Point says defensive positioning held it back in Q4 2022

Third Point Investors has published an investor letter for the finanl quarter of 2022. Third Point LLC returned 1.2% in the flagship Offshore Fund during the fourth quarter of 2022, compared with the S&P 500 Index return of 9.9% and the MSCI World Index return of 7.5% in the same period. It says: Results for […]

Sectors
09 Feb 2023
230209 vof chicilon

Vietnam Opportunity backs digital advertising platform

VinaCapital Vietnam Opportunity Fund has made a private equity investment in Chicilon Media Information Technology Vietnam Joint Stock Company (Chicilon Media), which it descrbes as “the leading inner-building advertising company in Vietnam”. VinaCapital is leading a consortium to invest $38m and the fund will put up $30m of this for an undisclosed stake and a […]

Sectors
09 Feb 2023
Cordiant Digital Infrastructure CORD

Cordiant Digital trading update emphasises robust dividend cover – will buy back shares

Cordiant Digital Infrastructure has published a trading update: It says that: The NAV per share was 105.5p at the last reported date of 30 September 2022, after adjusting for the 2p dividend paid in December 2022. Aggregate revenue across its investments increased by 8.8% to £146m and EBITDA increased by 5.9% to £76.5m over the […]

Sectors
09 Feb 2023
230209 morning

QuotedData’s morning briefing 9 February 2023

In QuotedData’s morning briefing 9 February 2023: CC Japan Income and Growth (CCJI) has reminded investors that the last day for exercising their subscription shares is 28 February. The day after, they will be suspended from trading and cancelled (if not exercised). The numbers are tight – the exercise price is 161p and last night’s […]

08 Feb 2023
DP aircraft DPA

DP Aircraft 1 rejigs relationship with Thai Airways

As previously announced, the lessee of DP Aircraft 1 ‘s two Boeing 787/8 aircraft, THAI Airways International, was placed into a rehabilitation programme to ensure its commercial viability following the unprecedented market disruption caused by the global COVID pandemic. As part of the cost saving measures agreed under the programme, THAI has been operating its […]

08 Feb 2023

Chrysalis snaps up extra £20m of Starling Bank from Jupiter

Chrysalis Investments (CHRY) has agreed to purchase £20m of equity in Starling Bank via a secondary market transaction led by an existing, third-party shareholder in Starling. It has emerged that the seller of the stake is Jupiter, which sold the 6% stake in Starling held by its open-ended fund (mainly by its £1bn Jupiter UK […]

Sectors
08 Feb 2023

QuotedData’s morning briefing 8 February 2022

In QuotedData’s morning briefing 8 February 2022: Civitas Social Housing (CSH) reported a fall in NAV of 3.4% to 110.93p per share in the quarter to 31 December 2022. This was due to an 18 basis points (0.18%) outward shift in the net initial yield of its portfolio and the effects of the mark-to-market valuations of the company’s financial swaps and […]

07 Feb 2023
a coffee pot and a mug, good morning from QuotedData

QuotedData’s morning briefing 7 February 2023

In QuotedData’s morning briefing 7 February 2023: HICL Infrastructure (HICL) says that the deal it announced last May – a 55% stake in French fibre network ADTiM SAS – is not going ahead as certain conditions have not been fulfilled. However, it remains on track to complete its purchase of Texas Nevada Transmission before 31 […]

06 Feb 2023

QuotedData’s morning briefing 06 February 2023

In QuotedData’s morning briefing for 06 February 2023: Riverstone Energy Limited (REL) has announced a $12.5m commitment to Our Next Energy’s (ONE) $300m Series B round, valuing the company at over $1bn. ONE is a Michigan-based energy storage technology company working to develop batteries for mobility and large-scale storage applications. 3i Infrastructure (3iN) has announced […]

03 Feb 2023
230203 UEM

QD view – and now for something completely different

For me, one of the nice features of the investment companies’ sector is that the closed end structure of the funds contained therein can house some really interesting, and sometimes unique, investment propositions that are otherwise hard for the average investor to get exposure to. I often cite Herald Investment Trust, which is managed by […]

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

QuotedData’s weekly news show 3rd 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: • Triple Point Social Housing (1:05) • Aquila European Renewables (7:05) Andrew McHattie’s summary on social housing sector (13:49). This week’s interview was with Will […]

Sectors
03 Feb 2023
230203 HOT - not so hot

Henderson Opportunities – not so HOT last year

Henderson Opportunities Trust (HOT) has published its annual results for the year ended 31 October 2022, which its chairman, Wendy Colquhoun, describes as a very difficult year for absolute and relative performance for HOT’s portfolio. She comments that, during periods of growing investor caution, it is often smaller companies that fall quickest and most steeply […]

Sectors
03 Feb 2023

Triple Point Social Housing REIT to cap rental uplifts at 7%

Triple Point Social Housing REIT (SOHO) has said that it will implement a 7% cap on rental uplifts this year. The temporary one-year cap (which will end on 31 December 2023) is consistent with both the UK government’s 7% cap on social housing rent increases (Specialised Supported Housing that SOHO and Civitas Social Housing provide […]

Sectors
03 Feb 2023
INVESTinPROGRESS_Episode1_KellerRCliffton_1275x717px (002)

Scottish Mortgage launches Invest in Progress podcast

Supplying life-saving medical supplies by robotic flights in Africa was just the start. In this first instalment of the new Invest in Progress podcast, Zipline’s co-founder Keller Rinaudo Cliffton talks to Scottish Mortgage manager Tom Slater about what’s next. Capital at risk. Listen to the podcast

03 Feb 2023
INVESTinPROGRESS_Episode1_KellerRCliffton_1275x717px (002)

Scottish Mortgage launches Invest in Progress podcast

Supplying life-saving medical supplies by robotic flights in Africa was just the start. In this first instalment of the new Invest in Progress podcast, Zipline’s co-founder Keller Rinaudo Cliffton talks to Scottish Mortgage manager Tom Slater about what’s next. Capital at risk. Listen to the podcast previous story | next story

03 Feb 2023

Aquila European Renewables announces 2023 dividend target and buyback programme

Aquila European Renewables (AERS) has announced dividend guidance for its current financial year ending 31 December 2023. AERS is targeting a dividend of €c5.51 per share, subject to the portfolio performing in line with expectations. The 2023 target dividend represents an increase of 5% versus the prior year and follows a 5% increase in the […]

03 Feb 2023
a coffee pot and a mug, good morning from QuotedData

QuotedData’s morning briefing 3 February 2023

In QuotedData’s morning briefing 3 February 2023: Schroder REIT (SREI) reported a 17.1% fall in NAV to 62.0p for the quarter to 31 December 2022. The impact of higher interest rates on the property sector saw the value of its portfolio drop 11.8% to £470.3m. Dividends paid during the quarter of 0.803p per share was […]

02 Feb 2023
230106 GCL Dignity Plc

Castlenau publishes prospectus in connection with Dignity bid

On 23 January 2023, the boards of directors of Dignity and Yellow (SPC) Bidco Limited, a newly formed company indirectly owned or controlled by a consortium comprised joint offerors SPWOne V Limited, Castelnau Group Limited and Phoenix Asset Management Partners Limited announced that they had reached agreement on the terms of a recommended cash offer […]

Sectors
02 Feb 2023
230202 beri

Spectacular year for BlackRock Energy and Resources

For the 12 months ended 30 November 2022, BlackRock Energy and Resources Income reported an NAV return of 44.5% and a return to shareholders of 44.8%. Given the weakness in markets of all kinds last year, this is an impressive result, especially as it now means that the trust has doubled in two years. The […]

Sectors
02 Feb 2023
headshots of Adam Avignori and David Goldman

Revenue fall eats into BlackRock Income and Growth revenue reserves

BlackRock Income and Growth has published results for the year ended 31 October 2022. The trust managed to just beat its benchmark over the period, returning -2.3% to the All-Share’s -2.8%. However, its discount widened from 6.0% at the start of the financial year to 10.8%, leaving shareholders with a return of -7.0%. The dividend […]

02 Feb 2023
230202 apax freight

Apax backs Magaya and updates on 2022

Apax Global Alpha made a $90m commitment to Apax Digital Fund II (ADF II) in 2021. Yesterday ADF II announced an investment in Magaya, a leading digital freight software platform that automates critical workflows for international logistics providers (magaya.com). ADF II’s investment forms part of a 50:50 recapitalisation alongside financial sponsor LLR Partners and other […]

02 Feb 2023

QuotedData’s morning briefing 2 February 2023

In QuotedData’s morning briefing 2 February 2023: Ecofin US Renewables’ (RNEW) manager increased its holding in the fund, buying 59,096 shares in the market at an average price of $0.835 in part settlement of its management fee due for the three-month period ended 31 December 2022. It and its associates now hold 346,887 shares. abrdn […]

Companies
01 Feb 2023
Chrysalis investments logo in purple and green on a dark blue background

Chrysalis NAV falls but adviser hopeful for better IPO market

Chrysalis Investments says its 31 December 2022 NAV was 128.26p, down 19.53p or 13.2% since 30 September 2022. Revaluations of four comanies took off 11.4p, foreign exchange movements accounted for a further 3.3p of the fall. There was limited portfolio activity over the quarter (several companies within the portfolio had raised fresh capital over the […]

Sectors
01 Feb 2023
black tea, cereal and half a grapefruit

QuotedData’s morning briefing 1 February 2023

In QuotedData’s morning briefing 1 February 2023: Macau Property Opportunities (MPO) says its board has agreed to roll the terms of the investment management agreement with Sniper Capital, with effect (retrospectively) from 1 January 2023. Accordingly, a management fee of $100,000 per calendar month for the calendar year 2023 will continue to be payable. Realisation […]

Companies
31 Jan 2023
home reit logo over a picture of a residential street

Home REIT “under investigation for bribery” according to reports

Home REIT is being investigated for bribery by the National Crime Agency, according to reports. According to the reports in City AM and Investment Week, several documents have been handed over to the NCA, which is considering passing them on to the Financial Conduct Authority and the National Investigation Service (NATIS), which investigates serious organised […]

Sectors
More News

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…