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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).

28 Dec 2022
221228 christmas

QuotedData’s morning briefing 28 December 2022

In QuotedData’s morning briefing 28 December 2022: Literacy Capital (BOOK) has completed the sale of its entire interest in Hometree, generating £3.8m for the trust. This represents a 1.3x return on BOOK’s investment. The cash was used to pay down borrowings and will be recycled in new investments in due course. Richard Pindar, director of […]

28 Dec 2022
221228 qd rear view

Rear (QD)view mirror – 2022

This time last year we highlighted climbing inflation and interest rates as issues overhanging markets. However, those headwinds were much stronger than we had anticipated thanks to Russia’s invasion of Ukraine. Given that backdrop, it was perhaps inevitable that markets would struggle in 2022. There were a few bright spots – Latin America and the […]

23 Dec 2022
221223 BSIF Raventhorpe Solar Plant Scunthorpe

Bluefield Solar Income acquires two ground mounted solar assets in Scunthorpe and Cumbria

Bluefield Solar Income Fund (BSIF) has acquired a 46.4 MWp solar portfolio that comprises two large ground mounted solar assets located in Cumbria, in the UK. Both are 1.4 ROC assets that have been operational since 2015 and approximately 60% of their projected revenues are contracted and regulated. The larger of the two assets is […]

23 Dec 2022

Crystal Amber (CRS) requisitions general meeting of Hurricane Energy Plc

Activist investment fund, Crystal Amber (CRS) has sent the board of Hurricane a requisition notice requiring Hurricane to convene a general meeting at which resolutions will be proposed to remove six directors and appoint two new directors. The directors that CRS proposes removing are executives Antony Maris and Richard Chaffe, Non-Executive Chairman, Philip Wolfe and, […]

Sectors
23 Dec 2022
221223 AERI Jaén

Aquila European Renewables announces completion of project Jaén

Aquila European Renewables (AERI) has announced that Jaén, a 50 MWp solar PV asset located in southern Spain that is part of the Greco portfolio, has completed construction and is now operational. Jaén was acquired, in full, in March 2022 and following the completion of the project, AERI has paid consideration of €42.5m to the […]

23 Dec 2022
221222 christmas morning

QuotedData’s morning briefing 23 December 2022

In QuotedData’s morning briefing 23 December 2022: Schroder European Real Estate (SERE) has completed the early refinancing of its largest debt expiry in 2023, a €14m loan with VR Bank Westerwald, secured against its Hamburg and Stuttgart office investments. SERE says that competitive financing terms were obtained from five different lenders with VR Bank Westerwald […]

Sectors
22 Dec 2022
221222 grio barry gilbertson

Ground Rents Income considering its future

Continuation Vote The Ground Rents Income board is required to convene a general meeting no later than 13 August 2023 at which it must table a proposal for shareholders to vote on a resolution for a voluntary wind-up and subsequent liquidation of the company. The vote is structured in such a way that if any […]

Sectors
22 Dec 2022
221222 vsl

VPC Speciality Lending proposes managed wind down

VPC Specialty Lending Investments has been reviewing options for tackling its persistent wide discount. Having taken professional advice and after consulting the major shareholders, the board thinks it is likely that there will be a 25% exit opportunity following the AGM in 2023. However, it does not believe that the exit opportunity alone would have […]

Sectors
22 Dec 2022
221222 JII amit mehta ayaz ebrahim sandip patodia

Manager line-up changed at JPMorgan Indian

Over the 12 months ended 30 September 2022, JPMorgan Indian Investment Trust generated a return on NAV of 6.3% and a return to shareholders of 0.6%, lagging the 8.8% return on the MSCI India Index. The trust has not been geared into the rising market and has not renewed its borrowing facilities. In an effort […]

Sectors
22 Dec 2022
221222 christmas morning

QuotedData’s morning briefing 22 December 2022

In QuotedData’s morning briefing 22 December 2022: Temple Bar (TMPL) has appointed Frostrow as its AIFM (with effect from 1 July 2023). Redwheel will continue to manage the assets of the trust, but Frostrow will take on responsibility for marketing and distribution. Palace Capital (PCA) has sold £7.6m of property since 30 September 2022, reducing […]

21 Dec 2022
221221 ADIG well protected

Aberdeen Diversified Income and Growth – well protected in the current environment

Aberdeen Diversified Income and Growth (ADIG) has announced its annual results for the year ended 30 September 2022. The report opens with a quote from the managers (Nalaka De Silva, Heather McKay, Simon Fox and Nic Baddeley), which says “We feel that the company is well protected in the current environment, and ready to take […]

Sectors
21 Dec 2022
221221 IIP No longer a going concern

Infrastructure India no longer a going concern

Infrastructure India (IIP) has announced its annual results for the twelve months ended 31 March 2022. The key takeaways, from what we can see, are that IIP now has a value per share of 0p, or nil, and the accounts have not been prepared on a going concern basis. [QD comment: Unfortunately, this is no […]

Sectors
21 Dec 2022

Stefan Gries becomes sole manager of BlackRock Greater Europe

BlackRock Greater Europe (BRGE) has announced that Stefan Gries has become the manager of its portfolio, effective immediately. Sam Vecht, Managing Director in BlackRock’s Global Emerging Markets Equities team, will be stepping aside from his role as co-portfolio manager, which apparently reflects the current focus and asset allocation within the portfolio. About Stefan Gries Stefan […]

Sectors
21 Dec 2022
221220 morning

QuotedData’s morning briefing 21 December 2022

In QuotedData’s morning briefing 21 December 2022: Doric Nimrod Air One (DNA) has announced that, following the lease end date and previously announced agreement to sell its Airbus A380-861 aircraft to Emirates (announced on 5 July 2022), sale proceeds of £25.30m have been received with the title of the aircraft passing to Emirates. DNA’s board […]

Sectors
20 Dec 2022
221220 aeet cremona solar

Aquila Energy Efficiency shows progress but there’s a way to go yet

Aquila Energy Efficiency Trust says that its commitments to investments were £87.3m as at 19 December 2022, up from £55.5m at 31 August 2022. Total income-generating, deployed capital has increased to £54.4m (31 August 2022: £32.1m). The company is expected to achieve an average gross unlevered project yield of 8.0% over all investments made to […]

20 Dec 2022
221220 egl jean hugues de lamaze

Year of progress for Ecofin Global Utilities and Infrastructure

Over the 12 months ended 30 September 2022, Ecofin Global Utilities and Infrastructure produced an NAV total return of 12.5% and a share price total return of 14.0%. This significantly outperformed the total return of global equities, measured by the MSCI World Index, which was -2.4% in sterling terms. The MSCI World Utilities Index and […]

Sectors
20 Dec 2022
221220 trig merkur

Renewables Infrastructure ups exposure to German offshore wind

The Renewables Infrastructure Group (TRIG) has exchanged contracts to acquire a further 11% equity interest in the Merkur offshore wind farm, located in the German North Sea. This incremental investment is approximately 2% of TRIG’s portfolio value. Upon completion TRIG will hold a 36% equity interest in Merkur, the total stake in the project will […]

20 Dec 2022
221220 rhm eric carmen

Round Hill reports stronger revenue figures

Round Hill Music Royalty Fund says that its Net Publisher’s Share (the amount received by the music publisher after deduction of all fees, commissions and all royalties and other shares of income payable to third parties) for the first nine months of 2022 was $21.8m, up from $16.0m for the nine months to 30 September […]

20 Dec 2022
221220 maje

Majedie reports on very poor year

Over the 12 months ended 30 September 2022, Majedie Investments produced an NAV total return of -18.2% and a return to shareholders of -24.9%. This compares with a 4% fall in the All-Share and a 4.2% fall in the MSCI All Countries World Index. The dividend was cut from 11.4p to 10.4p (1.8p of which […]

Sectors
20 Dec 2022
221220 morning

QuotedData’s morning briefing 20 December 2022

In QuotedData’s morning briefing 20 December 2022: Geiger Counter (GCL) published results in which it reported an NAV return for the 12 months ended 30 September 2022 of 2.2%. A fall in the uranium price in the second half of the period weighed on returns. The NAV return was also diluted by the subscription rights […]

Companies
19 Dec 2022

Fund Brief: Montanaro UK Smaller Companies Trust PLC (MTU)

About Montanaro UK Smaller Companies Trust The Trust aims to achieve capital growth by investing in small companies listed on the London Stock Exchange or its Alternative Investment Market (AIM). It seeks relative outperformance of its benchmark, the Numis Smaller Companies Index. To watch the Fund Manager Brief: Montanaro AM, click here. To read our […]

19 Dec 2022

Fund Brief: Montanaro European Smaller Companies Trust PLC (MTE)

About Montanaro European Smaller Companies Trust The trust aims to achieve capital growth by investing in small European quoted companies. It seeks to achieve capital growth in excess of its benchmark, the MSCI Europe SmallCap (ex-UK) Index. To watch the Fund Manager Brief: Montanaro AM, click here. To read our latest research on Montanaro European […]

19 Dec 2022

Fund Manager Brief: Charles Montanaro, Cedric Durant des Aulnois & Mark Rogers, Montanaro AM

Charles Montanaro – Chairman/Fund Manager Charles graduated with an honours degree in Anthropology from Durham University in 1976. He spent four years in industry before joining Merrill Lynch in 1980 as a private client broker in London. He joined Dean Witter Reynolds in 1984 and Drexel Burnham Lambert in 1987 as a Senior Vice President […]

19 Dec 2022
someone reading a newspaper with a piece of toast and a mug of coffee next to them

QuotedData’s morning briefing 19 December 2022

In QuotedData’s morning briefing 16 December 2022: JPMorgan Global Core Real Assets (JARA) has announced its quarterly NAV and portfolio update. During the quarter to 30th November 2022 JARA paid a dividend of 1p per share, bringing the total return for the quarter to -3.8% and the total return for the year to 30th November […]

16 Dec 2022
Quoted Data - QD view - The inflation trade – an early Christmas present?

QD view – The inflation trade – an early Christmas present?

2022 has been a tough old year, with investors being visited by their own kind of Ghost of Christmas Past. One whose name is inflation, a long-forgotten spectre. 2022 has seen, for some countries, a truly parabolic growth rate of inflation. While pundits had predicted that the post-COVID rebound in activity would be a possible […]

Geographies
  • Europe (EU and EEA ex UK)
  • Global
  • North America
  • UK
Sectors
Companies
16 Dec 2022
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news show 16th December 2022

Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • Home REIT – update (1:45) • Abrdn Property Income – debt (10:20) • Foresight Forestry – first results (15:08) This week’s interview was with […]

Sectors
Companies
16 Dec 2022
161212 JAGI

JPMorgan Asia Growth & Income annual results

JPMorgan Asia Growth & Income (JAGI) has published its annual results for the year ending 30 September 2022. Over the 12-month period JAGI generated a NAV total return of -16.2%, and share price total return of 17.2%, compared to the -13.9% of its benchmark, the MSCI All Countries Asia ex Japan Index. Over the longer, […]

Sectors
16 Dec 2022

QuotedData’s morning briefing 16 December 2022

In QuotedData’s morning briefing 16 December 2022: International Public Partnership (INPP) has announced that Transmission Capital Partners, the consortium comprising INPP, Amber Infrastructure Group and Transmission Investment, has successfully closed on the long-term ownership of East Anglia Offshore Transmission. The project relates to a transmission cable connection to the offshore wind farm located approximately 50km off […]

15 Dec 2022
221215 fsf

First figures from Foresight Forestry

Foresight Sustainable Forestry has published results covering the period from its incorporation on 31 August 2021, through its listing on 24 November 2021, to 30 September 2022.The NAV per share at the end of the period was 105p, which it says means that it generated a total return of 5%, but the convention is to […]

Sectors
15 Dec 2022
221215 oci profounders

Oakley Capital Investments backs PROFounders III

Oakley Capital Investments has committed €30m to Oakley Capital PROfounders Fund III, a venture capital fund focused on investments in entrepreneur-led, private businesses across Europe and part of the Oakley Capital family of funds. The announcement says that “Reflecting Oakley’s entrepreneurial ethos and investment strategy, PROfounders III will continue its proven investment strategy, leveraging its […]

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