When I started writing this article, it was being widely reported that the chancellor, Kwasi Kwarteng, had been forced to cut short his visit to the US and was returning to London to face urgent talks with the prime minister and Conservative MPs. Before I had finished it, he was out of a job, with […]
Schroder Japan Growth (SJG) has published its annual results for the year ended 31 July 2022, during which it provided an NAV total return of 1.0%, outperforming its benchmark which produced a negative total return of -1.9% over the year. The share price fell -2.0% on a total return basis, with the discount averaging 11.0% […]
In QuotedData’s morning briefing 14 October 2022: Hipgnosis Songs Fund (SONG) has announced that it has appointed Singer Capital Markets Securities Limited to manage an “irrevocable share repurchase programme” to buy back ordinary shares within certain pre-set parameters. The Share Purchase Programme will commence today and will run until 8 December 2022. Castelnau Group (CGL) […]
About CQS Natural Resources Growth & Income plc The Company invests predominantly in mining and resource equities and mining, resource and industrial fixed interest securities (including, but not limited to, preference shares, loan stocks and corporate bonds, which may be convertible and/or redeemable). To watch the Fund Manager Brief: Craig Cleland, CQS video, click here. […]
Craig Cleland – Head of Corporate Development Craig Cleland is Head of Corporate Development – Investment Trusts at CQS. Craig joined CQS in September 2013 as Head of Corporate Development: Investment Trusts. In this role he is responsible for Sales, Investor Relations and Business Development for New City Investment Managers, as well as corporate relations […]
Oakley Capital Investments Limited (OCI) has announced that Oakley Capital Fund IV, in which it holds an investment, has agree to sell part of its stake in Wishcard Technologies Group, one of Europe’s fastest growing gifts and rewards platforms. After the sale, Fund IV will retain a residual shareholding in Wishcard. OCI’s look through share […]
In QuotedData’s morning briefing 13 October 2022: Riverstone Credit Opportunities Income (RCOI) has announced that it has reached an agreement to extend its EPIC Propane, a sponsor-backed infrastructure company that provides propane purity offtake transportation to the Gulf Coast export market. EPIC Propane is part of the broader EPIC Midstream system that includes over 1,695 […]
Harmony Energy Income (HEIT) has announced the results of its C share issue that was announced on 28 September 2022 (click here to see our coverage of this). HEIT has raised gross proceeds for the C share issue of around £15m, which will be used to fund the acquisition of projects in its pipeline (totaling […]
Care home owner Target Healthcare REIT reported a 8.1% NAV total return for the year ended 30 June 2022. Result highlights include: EPRA NTA per share increased 1.7% to 112.3 pence (2021: 110.4 pence) Group specific adjusted EPRA earnings per share fell 7.5% to 5.05p (2021: 5.46p), mainly due to the time lag between a […]
Further to its announcement on 30 August 2022 that it had made an indicative all cash offer of US$26 for each Grindrod Shipping Holdings Limited share that it didn’t already own (consisting of a cash purchase price of US$21.00 per share plus a special cash dividend from Grindrod of US$5.00 per share to its existing […]
Fidelity Asian Values (FAS) has announced its final results for the year ended 31 July 2022, during which its NAV increased by 3.9%, compared to the MSCI All Countries Asia ex Japan Small Cap Index (net) total return (in Sterling terms) which returned -5.6% over the same period. The chairman, Kate Bolsover, says that Nitin […]
New Star (NSI) has announced its annual results for the year ended 30th June 2022, during which it provided an NAV total return of 9.53%, leaving the NAV per ordinary share at 174.56p. By comparison, the Investment Association’s Mixed Investment 40-85% Shares Index fell 7.12%. The MSCI AC World Total Return Index fell 3.73% in […]
In QuotedData’s morning briefing 12 October 2022: JPMorgan Multi-Asset Trust (MATE) has announced its interim results for the half year ended 31 August 2022. During the period, MATE provided an NAV total return of -6.4%, which was an underperformance of 9.4% compared to the trust’s reference index (although it should be noted that MATE’s reference […]
PRS REIT has posted a sharp increase in net asset value (NAV) for the year to 30 June 2022, off the back of strong estimated rental growth across its residential portfolio. The group’s NAV was up 30% year-on-year to £639m or 116.4p per share (2021: £490m or 99.0p per share). Like-for-like blended rental growth over […]
In QuotedData’s morning briefing 11 October 2022: GCP Asset Backed Income (GABI) has been informed by Gravis Capital Management that David Conlon, the lead fund manager and member of its investment committee, has decided to leave Gravis and will be relinquishing responsibility for the management of the portfolio with effect from 10 October 2022. Joanne […]
Student accommodation investor Unite Students has acquired a build-to-rent property in Stratford, east London, for £71m as it looks to branch out into the residential sector. It has purchased 180 Stratford, a 178-unit purpose-built build-to-rent property, which it says will enable it to” test its operational capability to extend its accommodation offer to young professionals […]
The Sustainable Farmland Trust Plc (SFT) has announced that it “has decided to pause its initial public offering (IPO) due to the current high levels of market volatility and uncertainty.” SFT published its IPO prospectus on 15 September 2022 (click here to read more on that) and SFT’s board and manager say that they are […]
In QuotedDatas morning briefing 10 October 2022: abrdn Private Equity Opportunities Trust (APEO) has announced an increase in the size of its loan facility from £200m to £300m. The facility, which is a syndicated multi-credit facility agreement, has seen the Royal Bank of Scotland International Limited join as a lender and Natwest Markets Plc replace […]
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: • Vietnam Holding results • Hipgnosis debt This week’s interview was with Simon Farnsworth from Life Science REIT – watch it again here. previous story | […]
Harmony Energy Income Trust, the battery storage fund, recently launched a C share issue. The ‘problem’ is that its existing shares are trading on a discount – about 3% today, but were around 9% when they made the announcement on 29 September. I have put ‘problem’ in quotation marks because I don’t think that it […]
In its annual results for the year ended 30 June 2022, Fidelity Emerging Markets’ (FEML) chairman, Hélène Ploix, says that “there have been multiple factors which have led to the poor performance of emerging markets, and the performance of the portfolio, during the period but the most significant of these was doubtless Russia’s invasion of […]
In QuotedData’s morning briefing 7 October 2022: Following its merger with Pollen Street Capital Holdings, Honeycomb Investment Trust has announced that it has changed its name to Pollen Street Plc. Honeycomb’s shares will trade under the new name on the London Stock Exchange from 8.00am on Monday 10 October 2022. The trust’s ticker will also […]
Please remember that the value of investments and any income from them can fall and you may not get back the amount invested. Past performance is not a guide to future returns. Companies reinvesting the profits of steady growth over decades are the unsung heroes of the market, according to James Dow, joint manager of […]
Over the course of the 12 months ended 30 June 2022 the share price decreased by 9.5% on a total return basis, while the NAV total return – was negative 9.2%. In contrast, the FTSE Small Cap (ex Investment Trusts) Total Return Index fell by 14.6%. Thwe dividend was increased from 1.6p to 2.0p. In […]
The annual results of Ashoka India Equity Investment Trust have been published, covering the 12 months to 30 June 2022. The NAV return was 9.6% over the period and the share price return 7.7%. These compare to a return for the benchmark index, the MSCI India IMI, which returned 7.2% (in sterling terms). There is […]
In QuotedData’s morning briefing 6 October 2022: Pfizer has completed its acquisition of Global Blood Therapeutics. BioPharma Credit (BPCR) had a US$132.5m investment in a senior secured loan to Global Blood Therapeutics which was prepaid upon the closing of the deal. BioPharma Credit received US$175.4m in total, including US$42.9m of accrued interest, paydown, prepayment and […]
European Smaller Companies Trust (ESCT) has published its annual results for the year ended 30 June 2022. SCT’s chairman, Christopher Casey, says that “NAV total return performance for the year to 30 June 2022 has been disappointing at negative 21.0%, lagging the benchmark performance of negative 17.3%. Share price total return for the year was […]
abrdn European Logistics Income (ASLI) has acquired two logistics warehouses – in Dijon, France, and Horst, the Netherlands – for a total of €21.4m. Constructed in 2004 and refurbished in 2021, the 5,069 sqm Dijon property was acquired for €9.3m, reflecting a net initial yield of 4.2%. The building is leased to Dachser Intelligent Logistics, […]
Ruffer (RICA) has released its annual results for the year ended 30 June 2022, which its chairman, Christopher Russell, says “has been another excellent year for Ruffer”. During the period, RICA’s NAV total return was 6.0%, with the NAV per share rising from 281p to 295p. The share price total return was 5.6%, reflecting a […]
Hg, the Manager of HgCapital Trust, has announced that its investee company Ideagen, a trusted name in software solutions for regulated industries, andfellow investee company ProcessMAP, a leading Environmental, Health and Safety software platform provider are to be merged and Hg will remain as majority investor in the combined business. The transaction is expected to […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated
