Within the investment companies sector there has been a fair bit happening this week, with another couple of new funds looking to launch – The Sustainable Farmland Trust and Independent Living REIT; Fundsmith Emerging Equities throwing in the towel; and some exciting portfolio developments for a couple of our clients – JLEN’s glasshouse investment and […]
Octopus Renewables Infrastructure (ORIT) has announced that it has purchased a further 7.75% ownership interest in the Lincs Offshore Wind Farm from a fund managed by Macquarie Asset Management. This follow-on investment adds to the original 7.75% stake in this wind farm that ORIT acquired in May 2022. Following this transaction, Lincs represents approximately 16% […]
In QuotedData’s morning briefing 16 September 2022: RTW Venture’s (RTW’s) portfolio company, Third Harmonic Bio Inc., has completed its initial public offering (IPO) and has listed on Nasdaq (ticker: THRD). The upsized issue raised US$185.3m by offering around 10.7m shares at US$17.00 per share. Third Harmonic Bio is a clinical-stage biotechnology company developing a first-in-class, […]
The Sustainable Farmland Trust has published its prospectus. You can access this here Application forms are towards the back of the document. There is an intermediaries offer – if you are interested, contact your usual investment platform to ask if they are participating. Access to the IPO is restricted by geography. In particular, you should not be accessing […]
In QuotedData’s morning briefing 15 September 2022, the news is dominated by interim results statements: Downing Renewables and Infrastructure (DORE) has made a great start to the year as it reports an NAV of 115.9p at end June 2022 and a total return for the first six months of the year of 14.1%. The portfolio […]
BioPharma Credit to benefit from portfolio holding Sarepta Therapeutics loan repayment – BioPharma Credit (BPCR) has published its half-year report for the six months to 30 June 2022. During the period under review, the trust’s combined cash balance decreased by $112m. On 30 June 2022, its ordinary shares closed at $0.9400, below the closing price […]
Fundsmith Emerging Equities to enter voluntary liquidation – Fundsmith Emerging Equities (FEET) has announced plans to enter voluntary liquidation, with the cash proceeds arising on realisation of the portfolio returned to shareholders. The board has sought the views of its largest shareholders and its professional advisors and believes that the proposals are in the best […]
Pantheon Infrastructure targets £250m in issue of new C shares – Pantheon Infrastructure (PINT) has announced plans to launch an issue of new C Shares seeking to raise £250m via a placing, an offer for subscription and an intermediaries offer at an issue price of 100 pence per C Share. This comes as the company has […]
Gulf Investment Fund (GIF) has posted its annual results for the 12 months to 30 June 2022. During the period under review, its share price increased by 22% while its NAV rose by 15.4%. Over the year, GIF paid 4.93 cents of dividends which equates to 4% of the NAV at 30 June 2021. This […]
JLEN Environmental Assets makes first investment in commercial glasshouse controlled environment space – JLEN Environmental Assets (JLEN) has invested up to £26.7m into a glasshouse project via a combination of a senior secured loan for the construction of the glasshouse and a convertible loan and a minority equity stake in the glasshouse operator to provide […]
In QuotedData’s morning briefing 14 September 2022: Middlefield Canadian Income (MCT) has posted its half-year results for the six months to 30 June 2022, during which time its NAV rose by 3.4% while its share price was also up by 2,5%. The Canadian stock market outperformed most global indices even though over the period. Two […]
Civitas Social Housing has provided an update on the progress in the implementation of its new regulatory clause (details of which were announced in May). The clause is intended to assist housing associations to be better positioned to achieve regulatory compliance under the Regulator of Social Housing’s governance and financial viability standard. The clause has […]
Home REIT has continued its acquisition drive with the purchase of 158 additional properties for £57.4m. The acquisitions were funded by proceeds raised in the company’s oversubscribed £263m equity issue in May 2022 (of which the company has now deployed a total of £227m or 88% of the proceeds). The properties have added a further […]
In QuotedData’s morning briefing 13 September 2022: Infrastructure India (IIP) has applied for, and has been granted, a three month extension to the deadline for publishing its audited annual accounts for the year ended 31 March 2022, which are now expected to be published in early November 2022. Proceeds from the sale of Indian Energy […]
Independent Living REIT has published its prospectus you can access this here Application forms are towards the back of the document. There is an intermediaries offer – if you are interested, contact your usual investment platform to ask if they are participating. Access to the IPO is restricted by geography. In particular, you should not be accessing […]
A new supported living real estate investment trust (REIT) plans to launch targeting £150m in an initial public offering (IPO). Independent Living REIT plc today announced its intention to launch on the London Stock Exchange through the issuance of new ordinary shares in the company by way of a placing, offer for subscription and intermediaries […]
The Sustainable Farmland Trust targets £200m IPO – The Sustainable Farmland Trust has announced its intention to launch an initial public offering on the Premium Segment of the Official List of the FCA and to begin trading on the Main Market of the London Stock Exchange, by way of a placing, offer for subscription and […]
Mid Wynd International struggles for another year as inflation pressures increase – Mid Wynd International (MWY) has posted its annual results for the year to 30 June 2022. During the period under review its NAV fell by 7.5% while its share price fell by 9.5%. This compares with a 4.2% fall from its MSCI All […]
VH Global Sustainable Energy Opportunities expands Australian energy transition programme with new phase – VH Global Sustainable Energy Opportunities (GSEO) has agreed to acquire and build three fully-permitted solar PV sites for £21.2m as part of the existing £50m commitment to its Australian solar PV and storage investment programme. The Australian energy transition programme was […]
NextEnergy Solar enters new joint venture partnership with Eelpower – NextEnergy Solar (NESF) has entered a new £200m Joint Venture Partnership (JVP2) with Eelpower, a privately held constructor-owner-operator in the new and rapidly growing electricity storage market. JVP2 reflects the successful relationship built with Eelpower, offering enhanced terms by increasing NESF ownership to 75%, with […]
In QuotedData’s morning briefing 12 September 2022: HgCapital (HGT) has posted its interim results for the six months ended 30 June 2022. During that time, the NAV increased by 1.8% though its share price fell by 20.5%. This compares with its benchmark which also fell by 4.6%. The trust has declared an interim dividend of […]
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: • Welkin China Private Equity • UK renewables This week’s interview was with Joe Bauernfreund from AVI Global Trust – watch it again here.
It is not that long ago that COVID-19 posed a significant threat to UK equity income funds, as a swathe of companies – notably the banks – cut or passed their dividends altogether. However, investment companies, with their ability to salt away revenue reserves in the good times, were generally much better able to withstand […]
QuotedData is deeply saddened by the passing of Her Majesty, Queen Elizabeth II. She was held in the very highest regard, an inspiration who sacrificed so much for us, which we are truly thankful for. Our thoughts and prayers are with her family at this extremely difficult time. God save the King.
BlackRock Latin American (BRLA) has announced that Ed Kuczma is stepping down from his role as a portfolio manager and, with immediate effect, Sam Vecht will become the lead portfolio manager and Christoph Brinkmann will become the deputy portfolio manager. Mr Vecht is a Managing Director in BlackRock’s global emerging markets equities team and has […]
In QuotedData’s morning briefing 9 September 2022: Riverstone Credit Opportunities Income (RCOI) has announced that it is upsizing its investment in Hoover Circular Solutions, a sponsor-backed company that is a global leading specialty rental provider of containers and mobile asset management solutions across the energy, industrial, refining, and petrochemical industries. In October 2020, RCOI participated in a […]
abrdn UK Smaller Companies Growth Trust has published results covering the 12 month period ended 30 June 2022. The trust underperformed its Numis Smaller Companies plus AIM (ex Investment Companies) Index benchmark by some margin, returning -27.3% in NSAV terms and -34.3% in share price terms against -19.0% for the index. The dividend increased by […]
The Renewables Infrastructure Group says that it has exchanged contracts to acquire the right to develop three battery storage sites in the North of England. Two of the projects, which when built will total about 165MW with a two-hour duration, are scheduled for grid connection and commencement of operations in 2024 and 2025. The third site, […]
In QuotedData’s morning briefing 8 September 2022: International Public Partnerships, publishing its interim report, says that its Angel Trains investment is unaffected by strikes, its additional £42m investment in the Thames Tideway super sewer completed yesterday (7 September) and construction works are 80% complete, and Cadent (the UK gas infrastructure business, INPP’s largest investment) is […]
Helical has sold its TikTok-let Farringdon office building to Chinachem Group for £158.5m. The group has exchanged contracts on the sale of the single asset company, Farringdon East (Jersey) Limited, which owns the long leasehold interest in Kaleidoscope, Lindsey Street, EC1 at a capital value of £1,789 per sq ft and a marginal premium to […]
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