In QuotedData’s morning briefing 10 June 2024: Downing Renewables & Infrastructure Trust (DORE) has provided a Q1 NAV update for the three months ending 31 March 2024. DORE reported a NAV of £212.3m or 119.2p per share, a 1.3% increase from its 31 December 2023 value. Its NAV was primarily driven by positive FX movements, […]
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: • Gresham House Energy Storage (0:32) • Octopus Renewables Infrastructure (10:14) • Hipgnosis (12:35) Andrew McHattie from The Investment Trust Newsletter (13:45) This week’s interview was with Olivia Macdonald from Majedie Investments […]
Could AI be as groundbreaking as the printing press was? Scottish Mortgage deputy manager Lawrence Burns explores AI’s transformative power and investment potential. Capital at risk. View the article here.
Could AI be as groundbreaking as the printing press was? Scottish Mortgage deputy manager Lawrence Burns explores AI’s transformative power and investment potential. Capital at risk. View the article here.
QD view: feet dragging by the current administration on an issue of considerable importance to the investment companies industry means that a new Labour government offers our best hope for a solution If you have been following the cost disclosure issue story on our website, you will know that one of the strands that the […]
Worldwide Healthcare (WWH) has published its annual results for the year ended 31 March 2024, during which it provided NAV and share price total returns of 12.0% and 8.6% respectively, which compare to a return from its MSCI World Health Care benchmark of 10.9% (all in sterling terms). The difference between the performance of the […]
VinaCapital Vietnam Opportunity Fund (VOF) and its manager, VinaCapital Investment Management have announced that Andy Ho, VinaCapital’s Chief Investment Officer, passed away unexpectedly at his home in Ho Chi Minh City on the morning of 6 June. Andy (pictured) had been with VinaCapital for some 17 years, having first joined VinaCapital in 2007. Previously he […]
In QuotedData’s morning briefing 7 June 2024: Pantheon International (PIN) has announced that, following the announcement of its capital allocation policy (CAP) on 16 May 2024, it has appointed Investec Bank and J.P. Morgan Securities to undertake an ongoing share buyback programme for the company. The maximum price payable is an amount equal to the […]
Schroder REIT posted a positive NAV total return in annual results, and reported that the value of its portfolio was stable over the three months to 31 March 2023. NAV declined by 4.4% to £287.4m, or 58.8p per share, over the year largely driven by an underlying portfolio value decline of 2.8% over the year […]
Seraphim Space Investment Trust (SSIT) announced its third quarter results for the three-month period ended 31 March 2024. The company saw a NAV total return of 0.8% for the period, a portfolio valuation increase of 1.4%, and a significant jump in the share price of 43%. The strong return was driven by a number of […]
Edinburgh Worldwide (EDIN) has announced its interim results for the six months to April 20 2024. The company’s NAV increased by 6.4% while the comparative index increased by 15.0%. The share price increased by 13.6% leading to a narrowing of the discount which was 11.49% at the time of publishing. The largest positive contributors to […]
Downing Strategic Micro-Cap Investment Trust (DSM) announced its annual results for the year ended 29 February 2024. In November 2023 the board and manager announced the managed winddown of the company and the intention to return at least 20% of NAV to shareholders in early 2024. Since then, authority to change the mandate of the […]
The Biotech Growth Trust (BIOG) has released the annual results for its financial year ending 31 March 2024. BIOG reported a 12 month NAV total return of 26.5% and share price total return of 27.1%, outperforming its benchmark, Nasdaq Biotechnology Index, which returned 5.0%. Note that the benchmark will be changed to the Nasdaq Biotechnology […]
Gresham House Energy Storage (GRID) has announced that 14 of its projects, representing 568MW/920MWh, have secured fixed price contracts with a subsidiary of Octopus Energy, the UK’s largest electricity provider. This will provide two-year fixed-price contracts for approximately half of the company’s 1,072MW target portfolio starting in a phased manner from 1 July 2024. Octopus […]
In QuotedData’s morning briefing 5 June 2024: Syncona (SYNC) has provided an update on one of its portfolio companies, Quell Therapeutics. Quell has announced that it is advancing QEL-001, its autologous, multi-modular engineered CAR-Treg cell therapy, into the efficacy cohort of the Phase I/II trial in liver transplant patients. SYNC comments that “this is the […]
Workspace Group, the London flexible office provider, reported a sharp fall in EPRA net tangible assets (NTA) in annual result to 31 March 2024, as valuations in the office sector continue to tumble. The group’s EPRA NTA was down 13.7% to £8.00 over the year, mainly due to a like-for-like portfolio valuation decline of 8.1% […]
There was an announcement from Pershing Square Holdings yesterday saying that its manager Pershing Square Capital Management, L.P is now 100% owned by a new limited partnership and that 10% of that limited partnership had been sold to external investors for $1.05bn. The largest shareholder of the new LP is Bill Ackman. The consortium of […]
Canadian private equity giant Brookfield Asset Management is mulling an offer for Tritax EuroBox. The company said that it was in the early stages of making an offer for the FTSE 250 company. Tritax EuroBox has a market cap of around £484m, but its shares currently trade at a discount of around 33% to net […]
In 2023, Octopus Renewables Infrastructure Trust launched a capital recycling programme. In December 2023 the trust completed the sale of the Krzecin and Kuslin wind farms (totalling 59MW) in Poland, realising net proceeds of about £92m (7% of the total value of all investments as at 30 September 2023) – a 21% premium over the […]
LondonMetric Property has published its first annual results since the acquisition of LXi REIT, resulting in a 20.3% boost in earnings. Net contracted rent increased over the year from £145m to £340m as a result of the merger, with EPRA earnings growing to £121.6m – up 5.4% on a per share basis. EPRA cost ratio […]
In QuotedData’s morning briefing 4 June 2024: Atrato Onsite Energy (ROOF) has bought a solar portfolio for £9.3m, using money from its revolving credit facility. The portfolio includes three solar assets with a total capacity of 13MW and comprises: 7.7MW of solar PV systems situated on residential rooftops owned by three different UK housing associations […]
Sirius Real Estate (SRE) has published its annual results for the year ended 31 March 2024, which its chairman, Daniel Kitchen describes as one of “another year of strong financial and operational performance despite a backdrop of continuing macroeconomic and geopolitical volatility”. The year saw SRE raise €165.3m in November 2023 to take advantage of […]
JPMorgan European Growth & Income (JEGI) has announced its annual results for the year ended 31st March 2024, during which it continued its outperformance in what its chairman, Rita Dhut, says “remains a tricky backdrop of evolving inflation expectations and geopolitical difficulties”. During the year, JEGI provided NAV and share price total returns of 16.8% […]
On 29 April 2024, the board of Hipgnosis Songs Fund Limited recommended that shareholders accept the $1.30 per share offer made by Blackstone Europe, via its wholly-owned investment subsidiary Lyra Bidco (click here to see our coverage of this). However, on 24 May 2024 it was announced that, with the consent of the Panel, there […]
In QuotedData’s morning briefing 3 June 2023: Schroder British Opportunities (SBO) has made a new private equity investment in HeadFirst, an international HR tech service provider operating in fifteen European countries. SBO says that the capital invested will be used to finance HeadFirst’s acquisition of managed services and specialist staffing provider, Impellam Group, to create […]
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: • Foresight Sustainable Forestry (0:28)• Harmony Energy Income (4:17)• Special Opportunities REIT (7:14)• Aberforth Geared Value and Income (11:04) This week’s interview was with Nick Brind from Polar Capital Global Financials – […]
This week’s QD view looks at four investment companies that offer attractive dividend yields Inflation has become a painful reality for many, impacting everything from rent and mortgages to groceries. This ongoing cost-of-living crisis underscores the importance of making your money work harder for you, particularly for those who rely on their investments for income. […]
Downing Strategic Micro-Cap (DSM) has announced that, following an agreed and approved bid for one of its holdings, FireAngel Safety Technology Group Plc, intends to return the value of its investment in FireAngel to shareholders as soon as possible, via a third special dividend, in line with its stated intention of returning cash to shareholders. […]
CT UK High Income (CHI) has announced its annual results for the year ended 31 March 2024, during which it provided NAV and share price total returns of 11.8% and 10.2% for its ordinary shares respectively, which are both ahead of the return of its All-Share Index benchmark, which it says returned 8.4%. Its chairman, […]
Ground Rents Income Fund (GRIO) has provided an update to the market following the enactment of the Leasehold and Freehold Reform Act 2024 on 24 May 2024. This Act forms part of the Government’s residential leasehold reform agenda, launched in 2017, and was the final piece of relevant legislation passed by Parliament ahead of the […]
