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 […]
Castelnau Group’s (CGL’s) board has reviewed the performance fee arrangements under the investment management agreement that the trust has with Phoenix Asset Management Partners Limited (CGL’s investment manager) and has agreed what it describes as a number of minor amendments to the way the performance fee is calculated. No base management fee, management incentivisation all […]
In QuotedData’s morning briefing 31 May 2024: North Atlantic Smaller Companies (NAS) has announced that an amendment has been made to its final results announcement that was released on 10 May 2024. Specifically, Christopher Mills holding in NAS was wrongly stated in the Directors’ Interests table on page 35 of the Annual Report. The correct holding […]
Special Opportunities REIT is a new internally-managed REIT seeking to capitalise on the recent dislocation in UK real estate capital markets to deliver highly attractive total returns. It has published a prospectus. If successful, the shares would be admitted to the Official List (standard listing) of the FCA and to trading on the standard segment […]
Since GCP Asset Backed Income announced a strategic review on 13 December 2023, the board received several approaches from third parties to acquire the company. The board gave several of them access to detailed due diligence information. None of the potential offerors made a proposal at a level which, in the board’s opinion and taking […]
Harmony Energy Income says its has cancelled the (previously postponed) first FY2024 quarterly dividend and does not anticipate being in a position to declare a dividend in line with the new policy for the remainder of the current financial year, although based upon current market forecasts it is anticipated that a covered dividend will be […]
HarbourVest Global Private Equity has published results for the 12 months ended 31 January 2024. The NAV ended the year 4% higher at $50.47 per share, lagging the return on global listed equity indices (the All World Index returned 15.3%). Ed Warner (the chairman) states that the trust’s relative underperformance is not surprising, and is […]
LondonMetric Property has sold seven properties in separate transactions for £31.3m, reflecting a blended NIY of 7.0% and a 3% profit over prevailing book values. They include £18.3m of non-core LXi REIT assets, which have been sold at 5% ahead of prevailing book values. The sales comprise: A 106,000 sq ft Asda foodstore in Scotland […]
In QuotedData’s morning briefing 30 May 2024: JZ Capital (JZCP) is calling a meeting of shareholders to ask them to make the company’s ordinary shares redeemable. That will help expedite returns of capital as the company continues its managed wind down. Separately, it announced results that showed its NAV was not much changed over the […]
Home REIT says that it has reached an agreement with Big Help (a collection of tenants comprising; Big Help Homes CIC, Big Help Project Ltd, CG Community Council, Dovecot & Princess Drive Community Association, N-Trust Homes CIC and Select Social Housing CIC) for the surrender of its leases on over 600 properties which it leases […]
Aberforth Geared Value and Income Trust has published its prospectus. This could be the first major new trust in years, the big questions are, how much money will roll over from Aberforth Split Level Income Trust (ASIT) and how much new money will the trust attract? The new trust will have a fixed seven-year life. […]
The boards of Foresight Sustainable Forestry Company (FSF) and Averon Park Limited are pleased to announce that they have reached agreement on the terms of a recommended acquisition. Arizona Bidco, a wholly-owned indirect subsidiary of Averon Park, will acquire the entire issued and to be issued ordinary share capital of FSF that the Averon Park […]
In QuotedData’s morning briefing 29 May 2024: CT UK Capital and Income Investment Trust (CTUK) announced its interim results for the six months to March 31 2024. The company’s NAV total return was 12.9%, outperforming its benchmark index which returned 6.9% over the same period. The share price total return was 9.5%. The dividend for […]
Oakley Capital Investments Limited (OCI) is pleased to announce that Oakley Capital Fund V has agreed to invest in ProductLife Group, a European provider of outsourced regulatory and compliance services to the global life sciences industry. OCI’s indirect contribution via Fund V is anticipated to be c.£41 million, which relates to OCI’s share of Oakley’s investment in ProductLife […]
The Edinburgh Investment Trust (EDIN) announced its annual results for the year end 31 March 2023. The NAV total return over the period was 13.4%, exceeding the 8.4% return of the benchmark index. The share price total return was 8.9%. Dividends for the financial year were up 3.8% compared with the previous year, equivalent to […]
In QuotedData’s morning briefing 28 May 2024: Finsbury Growth & Income Trust (FGT) announced its interim results for the six months ended 31 March 2023. The company’s NAV total return was 5.9% while shares were up 2.7%, underperforming its benchmark index which rose 6.9% over the same period. The principal contributors to the company’s net […]
Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew and Richard Williams covered the week’s top stories: • Marble Point Loan Financing (0:21)• Odyssean (4:37)• abrdn European Logistics Income (6:24)• NewRiver REIT / Capital & Regional (9:43)• Great Portland Estates (13:47) […]
Real estate is a cyclical market where timing is everything, and signals are starting to flash that the sector is primed to stage a recovery. Market data, company activity and macroeconomic events appear to be aligning to suggest that now is the time to invest in real estate. After months in the doldrums as values […]
Marble Point Loan Financing (MPLF) is convening a second round of EGMs (for both its liquidating share class and ordinary share class) following the receipt of a new requisition notice from Freestone Advantage Partners III LP to once again consider its proposals for amending MPLS’s articles of incorporation to allow for a liquidating share opportunity […]
HgCapital Trust (HGT) has announced that its manager Hg has acquired AuditBoard, which it describes as a leading connected risk platform transforming audit, risk, compliance and ESG management, in a transaction that values AuditBoard at over US$3bn. HGT will invest approximately £87.2m in AuditBoard, with other institutional clients of Hg investing alongside HGT through the […]
Scottish Mortgage (SMT) has published its annual results for the year ended 31 March 2024. In what its chair, Justin Dowley, describes as a challenging yet rewarding year, SMT provided NAV and share price total returns of 11.5% and 32.5%, which it says compares to at 21.0% return from its FTSE All-World Benchmark. Dowley comments […]
