Chrysalis Investments (CHRY) has provided an update to its performance fee arrangements, which are the result of discussions between the board and Jupiter. The aim of the discussions has been to revise the current performance fee arrangements in order to ensure long term alignment between the management team and Chrysalis shareholder interests. CHRY’s board says […]
Keystone Positive Change (KPC) has announced its annual results for the year to 30 September 2022. During the period, KPC provided NAV and share price total returns of -35.2% and -43.3% respectively, massively underperforming its comparative index, the MSCI All Country World Index, which provided a total return of -3.7%. The poorer share price total […]
In QuotedData’s morning briefing 30 November 2022: NextEnergy Solar (NESF) has announced that, as part of its succession planning, Helen Mahy CBE has been appointed as a non-executive director of the company with effect from 1 April 2023. Helen will succeed Kevin Lyon as Chairman of NESF from the next AGM in August 2023. Kevin has […]
Scottish Mortgage: Perspectives on Progress From exciting company developments and portfolio activity to challenging regulatory requirements and industry headlines, the Scottish Mortgage team discuss their view on the landscape we see around us. Read about their latest thoughts on holdings such as Roblox, Netflix and Joby Aviation. Capital at risk. Read Full Article
Scottish Mortgage: Perspectives on Progress From exciting company developments and portfolio activity to challenging regulatory requirements and industry headlines, the Scottish Mortgage team discuss their view on the landscape we see around us. Read about their latest thoughts on holdings such as Roblox, Netflix and Joby Aviation. Capital at risk. Read Full Article
Shaftesbury, which owns a 16.4-acre portfolio in the heart of London’s West End, has reported results for the year ended 30 September 2022 that show all performance metrics have returned to pre-COVID levels. It said that the West End economy had seen a “rapid rebound” in activity, with footfall and spending ahead of 2019 levels. […]
Atrato Onsite Energy reports a fall in its NAV from 97.4p to 92.8p over the period from its IPO on 23 November 2021 to 30 September 2022. Of the £150m that it raised, just £49.1m had been deployed by the period end. The board now says that the IPO proceeds may not be fully deployed […]
In QuotedData’s morning briefing 29 November 2022: Syncona (SYNC) appears to have secured control of Applied Genetic Technologies Corporation, with about 51.8% of that company’s shares tendered to Syncona’s bid. The tender offer is being extended until 5pm (Eastern time) tomorrow (30 November). Separately, Syncona reports that it will receive £16m up front and potentially […]
Home REIT has delayed the release of its full year results as it undergoes an enhanced audit following a short-seller attack. The company had been due to announce results for the period to 31 August 2022 this morning, but it says that in the wake of the allegations made by short-seller Viceroy Research last week […]
JLEN Environmental Asset (JLEN) has reported its half year results, for the six-month period ending 30 September 2022. JLEN reported a NAV of £890.2m, equal to 125.4p per share, an increase from the £795.4m it reported on 31 March 2022. JLEN has generated a share price total return of 92.4% since its IPO, equal to […]
In QuotedData’s morning briefing 28 November 2022: Pollen Street (POLN) has provided its Q3 update. As a reminder, POLN has formed from the merger of Honeycomb Investment Trust and Pollen Street Capital Holdings on 30 September 2022, and focuses on high quality, asset-backed senior secured lending. POLN reported a return on Net Investment Asset of […]
Discounts to net asset value (NAV) in the property sector have been pretty eye-watering over the last few weeks as the market tries to price in an appropriate level of asset value deterioration in this high interest rate environment. Some have been singled out more than others. Take the AIC’s Property – UK Commercial sector […]
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: • Renewables/infrastructure NAVs • Digital 9 Infrastructure • NB Global Monthly Income • Home REIT This week’s interview was with Bruce Stout from Murray International […]
ICG Enterprise Trust (ICGT) is pleased to announce that it has recently made two new direct co-investments: US$9.0m (£7.9m) in Gateway Services and a US$5.0m (£4.2m) follow-on co-investment in Vistage Worldwide. Gateway Services – a direct co-investment alongside ICG Gateway Services Inc (www.gatewayservicesinc.com) operates a network of pet crematoria and pet cemeteries across over 150 […]
In QuotedData’s morning briefing 25 November 2022: Following shareholder approval of its new investment objective and policy, JPMorgan Russian Securities Plc has changed its name to JPMorgan Emerging Europe, Middle East & Africa Securities Plc. The trust’s stock ticker is changing from JRS to JEMA with effect from 8.00am on 25 November 2022, although the […]
Home REIT has said that a report by a short-seller attacking the company is “inaccurate and misleading” and “based on mistaken assumptions, misinformed comments, and disputable allegations”. Viceroy Research alleged that many of the tenants Home REIT works with to provide accommodation for homeless people “cannot afford rent, have not been paying rent, are in […]
Downing Renewables and Infrastructure Trust says that its NAV for 30 September 2022 rose by 1.5p over the previous three months to 117.7p. The total return for the period, including the 1.25p dividend paid in the period, was 2.6%. The movement in NAV during the period was attributable to several factors: financial performance (+1.3pps); advantageous […]
As part of a general round up of recent progress within its business (the major parts of which we have covered in earlier stories), International Public Partnerships has provided its thoughts on the impact of rising interest rates on its business. The elements of the company’s investments that could primarily be impacted as a result […]
In QuotedData’s morning briefing 24 November 2022: Foresight Solar Fund (FSFL) says that the net impact of the new electricity generator levy on its NAV is to reduce it by 0.8p. As other funds did, it applied discounts to the blended power forecasts as at 30 September 2022. To reflect the uncertainty surrounding the likely […]
SDCL Energy Efficiency Income Trust (SEIT) has signed an agreement to finance the design, acquisition and installation of energy efficiency solutions across various buildings in the US for BlocPower Energy Services 2 LLC , a wholly owned subsidiary of leading energy efficiency developer BlocPower LLC, through a 10% participation in a US$80m loan facility. BlocPower […]
In QuotedData’s morning briefing 23 November 2022: Worldwide Healthcare (WWH) has announced its interim results for the six months ended 30 September 2022. During the period, WWH provided an NAV total return of 3.1%, modestly outperforming its benchmark, the MSCI World Healthcare Index, which returned 2.1% during the period. In absolute terms, net asset value […]
Bluefield Solar Income Funds says that its NAV as at 30 September 2022 was £884.0m or 144.6p per share, up from 140.4p as at 30 June 2022. This equates to an NAV total return for the quarter of 3.0% and gearing (based on the gross asset value) of 34%. The major factors behind this change […]
Baillie Gifford European’s results for the 12 months ended 30 September 2022 show the impact of the change in sentiment towards growth investing on the company. Over the period, the NAV total return was -40.4% compared to a total return of -15.3% for its benchmark index. The share price total return for the same period […]
Princess Private Equity, which announced that it would not pay its dividend earlier this month, is holding a webinar today to explain what is going on at the company. However, the situation seems worse than first appeared as the company has also suspended all new investment activity. It says “underlying conditions such as the challenging […]
In QuotedData’s morning briefing 22 November 2022: Aquila European Renewables (AERI) says that 95% of all 72 turbines at its Norwegian Rock project are now in operation, whilst the remaining turbines are subject to corrective maintenance. A production-based availability warranty will cover any losses if availability is below 97% in the first year of operations […]
AT85 Global Mid-Market Infrastructure Income Plc (AT85) has as issued an intention to float (ITF) this morning, in which it has announced plans for an initial public offering (IPO) for a premium main market listing on the London Stock Exchange, targeting a capital raise of £300m. The IPO includes a placing to institutional investors; an […]
NextEnergy Solar Fund (NESF) has published its interim results for the six months ended 30 September 2022. The period saw NESF’s NAV per share increase by 8.3% to 122.9p, up from 113.5p as at 31 March 2022. The main contributors to the increase in the NAV were an increase in power price forecast assumptions (+12.0p […]
NB Global Monthly Income (NBMI) has announced that, following a review of its strategy and future prospects, its Board has decided not to implement its semi-annual cash exit facility in December 2022 but instead to put forward proposals for approval by shareholders to place the company into a managed wind-down. Wind-down triggered by NAV dropping […]
BioPharma Credit (BPCR) has announced that, together with BioPharma Credit Investments V, it has entered into a senior secured loan agreement with Immunocore Limited. BPCR will invest up to US$50m and BioPharma-V will also invest up to an additional US$50m. Based in the UK, Immunocore is a publicly traded biopharmaceutical company with a current market […]
In QuotedData’s morning briefing 21 November 2022: Personal Assets (PNL) has published its interim results for the six months ended 31 October 2022. During the period, PNL provided an NAV total return of -3.6%, outperfoming its All-Share benchmark, which it says provided a total return of -5.8%. PNL’s shares continued to trade close to NAV […]
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