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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).

16 Nov 2022

HydrogenOne is an Article 9 fund

HydrogenOne Capital Growth (HGEN) has announced that it is now classified as an Article 9 Fund under the EU Sustainable Finance Disclosure Regulation (SFDR) and EU Taxonomy Regulation (EU Taxonomy). The Article 9 classification means that HGEN has a sustainable investment objective and will be reporting greenhouse gas emissions and avoided greenhouse gas emissions on […]

16 Nov 2022
Biotech Growth's NAV shrinks by a quarter

Biotech Growth claws back some of its underperformance

The Biotech Growth Trust (BIOG) has announced its interim results for the six months ended 30 September 2022. Its chairman, Roger Yates, says that after a very difficult year to 31 March 2022, during which the trust’s NAV fell substantially and underperformed its benchmark (the NASDAQ Biotechnology Index), the first six months of the current year have seen […]

Sectors
16 Nov 2022
a coffee pot and a mug, good morning from QuotedData

QuotedData’s morning briefing 16 November 2022

In QuotedData’s morning briefing 16 November 2022: ThomasLloyd Energy Impact (TLEI/TLEP) has announced the results of its placing that was announced on 8 November 2022. The ‘subsequent placing’ raised gross proceeds of US$35.3m and 34,277,228 new ordinary shares are being issued at a price of US$1.030 (£0.865 being the announced sterling equivalent price) per ordinary […]

Geographies
  • Asia
  • Global
  • UK
Sectors
Companies
15 Nov 2022
221115 Jeremy Hunt

QuotedData’s morning briefing 15 November 2022

In QuotedData’s morning briefing 15 November 2022: The Financial Times has a story that the government has made another U-turn on its energy policy and will revert to the idea of a windfall tax on renewable generators, this despite it having passed the legislation necessary to impose a price cap. More detail should be forthcoming […]

14 Nov 2022
a coffee cup next to an alarm clock

QuotedData’s morning briefing 14 November 2022

In QuotedData’s morning briefing 14 November 2022: CT Private Equity Trust (CTPE) sold a portion of its investment in the Italian funeral services business of San Siro and related entities (HOFI S.p.A.) on 10 November 2022. CTPE initially invested in San Siro in January 2019 in a deal led by Augens Capital. This investment has […]

Sectors
11 Nov 2022

QuotedData’s weekly news show 11th November 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, James Carthew covered the week’s top stories: • Majedie • ThomasLloydEnergy Impact • Crystal Amber This week’s interview was with James de Uphaugh from Edinburgh Investment Trust – watch it again here.

Sectors
Companies
11 Nov 2022
221111 JLEN Himan Rjukan Aquaculture plant

QD view – JLEN Environmental Assets – a world of possibilities!

This week, I had the opportunity to join a capital markets day for JLEN Environmental Assets (JLEN). The event, which was well attended, provided us with a useful update on JLEN’s strategy (which was welcome in light of current market conditions). We also had a presentation from Sten Falkum (CEO of Hima Seafood) and Heidi […]

Sectors
11 Nov 2022
221111 LTA ITF

Inflation correlation – Long Term Assets issues ITF

Long Term Assets Limited (LTA) has issued an intention to float (ITF) this morning, in which it has announced plans for an initial public offering (IPO) on the Specialist Fund Segment of the main market of the London Stock Exchange. LTA says that it will then launch a 12-month placing programme, aimed in particular at […]

11 Nov 2022

Crystal Amber (CRS) updates on Hurricane Energy offer

On 2 November 2022, Hurricane Energy Plc, in which Crystal Amber (CRS) holds a 28.9% interest, announced that it had received an unsolicited offer for the company and that following a period of engagement with the bidder Hurricane had received an offer for the entire issued share capital of the Company at  an indicative offer […]

11 Nov 2022
221111 ALAI

abrdn Latin American Income held back by equity portfolio performance

abrdn Latin American Income (ALAI) has published its annual results for the year ended 31 August 2022. During the period, ALAI’s net asset value (NAV) rose 6.8% in total return terms over the year, compared with an increase of 11.5% for the benchmark. The share price was broadly flat over the period, ending the year […]

11 Nov 2022
someone reading a newspaper with a piece of toast and a mug of coffee next to them

QuotedData’s morning briefing 11 November 2022

In QuotedData’s morning briefing 11 November 2022: Capital Gearing Trust (CGT) has announced its interim results for the six months ended 30 September 2022. At the half-year end, CGT’s net asset value per share was 4,798.4p, compared to 5,025.1p at 31 March 2022. This represents an NAV total return of -3.5% over the previous six […]

Geographies
  • Emerging Europe and Russia
  • Global
  • UK
Sectors
Companies
10 Nov 2022
221110 maje marylebone partners

New direction for Majedie

Majedie says that it plans to appoint Marylebone Partners as its investment manager and AIFM and change its approach to that of a ‘liquid endowment model’. Founded in 2013, Marylebone Partners is an independent firm, currently managing approximately $400m for professional and institutional clients who include charities, foundations, family offices, high-net worth individuals, and trusts. […]

Sectors
10 Nov 2022
headshot of Schroder Income Growth manager Sue Noffke against a green background

Schroder Income Growth misses out on oil and banks rally

Over the 12 months to the end of August 2022, Schroder Income Growth lagged the All-Share Index, delivering a return on NAV of -2.7% and a return to shareholders of -4.7% against a +1.0% return for the benchmark index. The dividend was increased to 13.2p, up 3.1% on the previous year and this was covered […]

10 Nov 2022
a coffee pot and a mug, good morning from QuotedData

QuotedData’s morning briefing 10 November 2022

In QuotedData’s morning briefing 10 November 2022: JZ Capital Partners (JZCP) is clawing its way back to normality, reporting an NAV at 31 August 2022 of $4.71, up from $4.29 at 28 February 2022, and a much less problematic debt burden – now just reduced to a $45.0m Senior Term Loan Facility due 26 January […]

09 Nov 2022
221109 PINT NBI

Pantheon Infrastructure secures stake in National Broadband Ireland

Pantheon Infrastructure (PINT) has committed to invest approximately €52.7m (£46.0m at current exchange rates) in Asterion Industrial Partners’ interest in National Broadband Ireland (NBI), an Irish fibre to the premises (FTTP) network developer and operator. NBI is working on a project that is expected to help bridge the digital divide between rural and urban areas […]

Sectors
09 Nov 2022
a coffee cup next to an alarm clock

QuotedData’s morning briefing 9 November 2022

In QuotedData’s morning briefing 9 November 2022: Picton Property Income (PCTN) has published its interim results for the six months ended 30 September 2020 in which its NAV fell 2.3% to 117p per share. This was mainly driven by a like-for-like portfolio valuation decrease of 1.9% to £852m. EPRA earnings were stable at £10.7m, or […]

08 Nov 2022
221108 tlei

ThomasLloyd Energy Impact ready to expand

ThomasLloyd Energy Impact plans to issue shares at $1.03 each to help finance a number of projects in its pipeline of projects in India, the Philippines and Vietnam. The pipeline allows for a staggered roll-out starting from US$25m with up to US$380m in readily available assets ranging from 20 MW to 450 MW, the majority […]

08 Nov 2022
221108 agt

AVI Global poised to deploy gearing to take advantage of wide discounts

AVI Global has published results for the 12 months ended 30 September 2022. Markets were weak over the period and the trust’s benchmark, the MSCI All Country World Index excluding the United States (in sterling) fell by 9.6%. The trust held up better than that, however, generating a return on NAV of -7.3%. Unfortunately, a […]

Sectors
08 Nov 2022
a hand holding an LED lightbulb

QuotedData’s morning briefing 8 November 2022

In QuotedData’s morning briefing 8 November 2022: Triple Point Energy Transition (TENT) has made its first energy efficient lighting investment. TENT has provided funding of £1m to a lighting solutions provider, which has installed efficient lighting and controls at a large retail logistics specialist. TENT will receive a contractual income from the logistics specialist over […]

Companies
07 Nov 2022
221107 CORD

Cordiant Digital Infrastructure announces acquisition of Emitel

Cordiant Digital Infrastructure (CORD) has announced that it has received regulatory approval for the acquisition of Emitel, expected to be completed mid—November 2022. Emitel is the second large, diversified digital infrastructure platform acquired by CORD, purchased for PLM 1920m (c.£360m). The completion of the transaction will mean a full utilisation of CORD’s Eurobond facility of […]

Sectors
07 Nov 2022
a coffee cup next to an alarm clock

QuotedData’s Morning briefing 7 November 2022

In QuotedData’s Morning briefing 7 November 2022: ICG Enterprise Trust (ICGT) has announced a $15m commitment to Clayton, Dubilier and Rice Fund XII . This is ICGT’s second commitment to funds managed by CD&R, following a $10m commitment to CD&R XI in 2020.  CD&R is a global investment firm, headquartered in New York, that executes a […]

Companies
04 Nov 2022
Golden Prospect Precious Metals sees fall in mining stocks

Golden Prospect proposes embedded subscription rights

Golden Prospect Precious Metals has announced details of proposals to introduce an annual Subscription Right for Shareholders to enable Shareholders to subscribe for one new Ordinary Share for every five Ordinary Shares held on 1 December in each year at a price equal to the undiluted NAV per Share on 30 November one year prior. […]

04 Nov 2022

QuotedData’s weekly news show 4th November 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, James Carthew covered the week’s top stories: • Atrato Onsite Energy • CQS Natural Resources Growth and Income • Princess Private Equity This week’s interview was with Jason Baggaley from abrdn Property […]

Sectors
Companies
04 Nov 2022
221104 India Taj Mahal Sunrise

QD view – India, the new darling of emerging markets?

The Indian stock market has proved an unlikely safe haven over the past three years. After an astonishing recovery in 2020 and 2021, Indian investment trusts continued their resilience in 2022, only outpaced by commodity-focused markets. Its strength is in notable contrast to China, which languishes at the bottom of the performance tables. It suggests […]

Sectors
Companies
04 Nov 2022
BlackRock Greater Europe BRGE

BlackRock Greater Europe’s results show impact of Russian exposure

BlackRock Greater Europe (BRGE) has published its annual results for the year ended 31 August 2022. During the period, BRGE’s NAV decreased by 29.2%, significantly underperforming its reference the FTSE World Europe ex UK Index (the reference index), which BRGE says fell by 11.5%. Some of this underperformance was directly attributable to the write down […]

Sectors
04 Nov 2022
Henderson Far East Income HFEL

Henderson Far East Income rises to the challenge

Henderson Far East Income (HFEL) has released its annual results for the year ended 31 August 2022. Its new chairman, Ronald Gauld, opens his statement by saying that, despite the rather dire backdrop of the last financial year, HFEL rose to the challenge in many ways, producing a positive NAV total return of 1.9% and […]

Sectors
04 Nov 2022
221104 FSV Alex Wright

Fidelity Special Values Alex Wright marks 10th anniversary with tough year

Fidelity Special Values (FSV) has announced its annual results for the year ended 31 August 2022. Its manager, Alex Wright, marked his ten-year anniversary of managing the Company on 1 September 2022, having produced a cumulative NAV and share price total returns of 183.3% and 208.9%, respectively, over the decade. These are both well ahead […]

04 Nov 2022
Schroder Oriental Income SOI

Schroder Oriental Income stock selection drives 10% NAV outperformance

Schroder Oriental Income (SOI) has announced its annual results for the year ended 31 August 2022, during which it provided an NAV total return of 2.5%, which compares favourably with the -7.7% of its reference benchmark over the same. Its chairman, Paul Meader, comments that the financial year saw two very different environments in the […]

Sectors
04 Nov 2022
a coffee cup next to an alarm clock

QuotedData’s morning briefing 4 November 2022

In QuotedData’s morning briefing 4 November 2022: Castelnau Group (CGL) has made a further investment in Ocula Technologies Holdings Ltd, a data sciences business in which it owns a majority stake. The additional investment of approximately £700,000 is part of a proposed additional funding round which it is hoped will see new, third-party investors become […]

Sectors
03 Nov 2022
221103 SBO Culligan Waterlogic merger

Schroder British Opportunities generates first cash from its private equity portfolio

Schroder British Opportunities Trust (SBO) has announced that the merger between Culligan International and Waterlogic Group Holdings (an SBO holding) has completed. As result of the merger agreement, SBO will receive £2.38m in cash, which represents 3.2% of its NAV as at the 30 June 2022. The NAV of the Waterlogic investment in SBO already […]

Sectors
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