SVM UK Emerging hit by ‘painful period for growth investors’ – SVM UK Emerging (SVM) has posted its annual results for the year to 31 March 2022. During the period, its net asset value fell 10.0% to 112.51p per share, compared to a return of 5.4% in its comparator index, the IA UK All Companies […]
In QuotedData’s morning briefing 25 July 2022: Aquila Energy Efficiency (AEET) has committed a further £8.3m of which £3.9m has been deployed in a project including a cluster of 32 energy efficiency projects for small residential buildings and condominiums qualifying for the Italian Superbonus incentive scheme. It has also committed to three transactions in Spain, […]
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: • Polar Capital Technology • Henderson Diversified Income This week’s interview was with Philip Kent of GCP Infrastructure Investments Ltd – watch it again here.
In early 2021, it looked like the pandemic had been a breakthrough moment for the biotechnology sector. The sector had been critical in the development of Covid-19 vaccines, using new and innovation gene sequencing, while developments in oncology promised a treatment revolution. Share prices were riding high and specialist investment trusts had enjoyed two years […]
Baker Steel Resources Trust says that it and the other shareholders of Bilboes Gold have signed an agreement to sell Bilboes to Caledonia Mining Corporation for a total consideration of 5,123,044 Caledonia shares and a 1% net smelter royalty on Bilboes’s gold project. Completion of the transaction is subject to a number of conditions precedent […]
In QuotedData’s morning briefing 21 July 2022: NB Global Monthly Income (NBMI) is increasing its target distribution rate to 6.75% of NAV per year for the rest of 2022. The increase reflects the positive effect of rising interest rates (especially higher US rates – US loans account for about 80% of the fund) on the […]
Polar Capital Technology dragged down by tech retrenchment after last year’s outperformance – Polar Capital Technology (PCT) has posted its final results for the year to 30 April 2022. Over the year, its NAV fell by 7.7% and the share price fell by 13.7% as the discount widened, both behind the index which fell by […]
In QuotedData’s morning briefing 20 July 2022: The Renewables Infrastructure Group (TRIG) has exchanged contracts to acquire a further 2.4% equity interest in the Hornsea One offshore wind farm from Global Infrastructure Partners (from whom the company announced the acquisition of its original stake in March 2022). Upon completion of this incremental investment, TRIG will […]
Three members of Palace Capital’s board have today resigned from the company after shareholders revolted against the company’s change in strategy, which was announced earlier this month. Mickola Wilson (Senior Independent Director), Kim Taylor-Smith (Non-Executive Director) and Paula Dillon (Non-Executive Director) have all stepped down from the board with immediate effect, leaving no independent directors […]
Rising Sun Management, investment advisor to Nippon Active Value Fund, has sent a letter to the management of Intage Holdings (a Japanese marketing research firm), to notify it of several proposals that will be made at Intage’s forthcoming Annual General Meeting. A friendly management buyout (MBO) proposed in February 2022 has been rejected by Intage. […]
Miton UK Microcap Trust has announced its annual results for the year ended 30 April 2022. Over this period, the NAV fell from 104.83p to 91.05p, a negative total return including dividends reinvested of 13.1%. The share price fell from 104.50p to 86.50p, a negative return of 17.2%. The net revenue return was positive (£159,000 or […]
In QuotedData’s morning briefing 19 July 2022: In GCP Asset Backed Income’s (GABI) latest NAV (as at 30 June 2022), the co-living group loan (discussed on our weekly show on 8 July) has been revalued, taking 1.21p off the NAV. The directors took advice from the company’s valuation agent and investment manager, considered a range […]
Henderson Diversified Income hit by ‘fundamental change in perception of inflation’ – Henderson Diversified Income (HDIV) has posted its annual results for the year to 30 April 2022, during which time its NAV total return was down by 9%, reflecting a fundamental change in the perception of inflation risk by the market. The share price total […]
Ruffer delivers positive returns during tough year as Baillie steps down – Ruffer (RICA) has posted its annual review for the year ended 30 June 2022, during which time its share price total return was 5.6% and the NAV total return was 5.9%. The team recently announced the departure of its long-service manager Hamish Baillie […]
Jupiter Green suffers from scaled back ambitions of US climate policy – Jupiter Green (JGC) has posted its annual results for the year to 31 March 2022, during which time its NAV was down 3.3% while its share price was down 20.5%. This compares with a 2.6% return from its benchmark index, the MSCI World […]
HICL Infrastructure to buy interest in passive mobile tower owner in New Zealand – HICL Infrastructure (HICL) has exchanged contracts to acquire a 40% equity interest in Aotearoa Towers, a passive mobile tower infrastructure owner, from Vodafone New Zealand. Following completion of the transaction, TowerCo will represent approximately 7% of HICL’s portfolio by value, and is […]
In QuotedData’s morning briefing 18 July 2022: Doric Nimrod Air One (DNA) has confirmed it will sell one of its assets, an Airbus A380-861 aircraft, which is currently leased in a 12 year agreement to Dubai airline, Emirates, to the company at its lease end date of 16 December 2022. The sale proceeds to be […]
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: • Ruffer – Hamish Baillie stepping down • Roundhill Music Royalty • Hipgnosis Songs Fund • Taylor Maritime inaugural results • Chysalis and wefox • […]
What does the next decade have in store for impact investing? Kate Fox and Lee Qian, joint managers of Keystone Positive Change Investment Trust, tell Iona Bain about four big areas that could solve some of the world’s toughest challenges The value of an investment, and any income from it, can fall as well as […]
Our review of the investment companies sector for the second quarter of 2022 went live this morning (you can read it here) and apart from a few turnarounds in performance for some sectors with specific reasons, it was very much a continued story from the first quarter (check out our 2022 Q1 review here). However, […]
BB Biotech shares closed yesterday at CHF 57 per share, down 26.5% in the year-to-date period, but crucially up by 12% since mid-June when the shares hit a recent nadir of CHF51 per share. NAV, at CHF49.95 per share, is down by 9.95% year-to-date (YTD), but has gained 22% from its recent nadir of CHF40.9 […]
In QuotedData’s morning briefing 15 July 2022: HICL Infrastructure’s (HICL’s) fundraising, announced on 8 July 2022, has raised £160m. HICL says that there has been strong support for the issue from both existing and new investors, including over £5m of demand from the retail offer through PrimaryBid, and a scaling back exercise has taken place […]
Town Centre Securities (TOWN), the property investment, development, car park and hotel operator, has sold its equity investment in YourParkingSpace (YPS) Limited to Flowbird SAS for £20.7m – a huge uplift on the book value of the stake of £1.47m (with an additional £1.53m loan to YPS) on the group’s balance sheet. The YPS platform […]
Separate to its announcement of the new global administration agreements (click here to read more on this), Hipgnosis Songs Fund (SONG) has also announced its final results for the year ended 31 March 2022. The operative NAV has increased by 9.9%, which SONG says was driven by a 9.5% like-for-like value uplift across the Portfolio […]
Schroder British Opportunities (SBO) has published its report and accounts for the nine-months ended 31 March 2022 (SBO has shortened this accounting period to nine months to better align its reporting with periodic valuations of underlying private equity investments going forward) and, during the period, SBO’s NAV produced a return of -4.0%. SBO’s chairman, Neil […]
Taylor Maritime Investments (TMI) has published its first set of full year results for the period to 31 March 2022, which shows NAV and share price total returns of 81.3% and 45.5% respectively (around two-thirds of its profit before tax came from fair value gains on its portfolio). The results include the following key highlights: […]
Hipgnosis Songs Fund (SONG) has announced that it and its Investment Adviser, Hipgnosis Song Management Limited have agreed what it describes as “ground-breaking digital administration and sub-publishing partnerships” with the Society of authors, composers and publishers of music (Sacem) and peermusic. Along with Hipgnosis Songs Group (HSG), SONG claims that their new partners will provide […]
In QuotedData’s morning briefing 14 July 2022: Alpha Real Trust (ARTL) purchased just over 5.4m shares in the company through a tender offer, representing 8.7% of the share capital, for a total of £9.5m. We have news items on Hipgnosis Songs Fund’s new global administration agreements with Sacem and peermusic as well as its annual […]
Ruffer’s Hamish Baillie to step down after 20 years – Ruffer Investment Company (RICA) has announced that Hamish Baillie has decided to step down from his role as co-manager of the trust, and from his work as a partner at Ruffer at the end of July to pursue other opportunities. Duncan MacInnes will continue as […]
In QuotedData’s morning briefing 13 July 2022: Round Hill Music Royalty (RHM) has announced plans to apply for admission of its shares to the premium segment of the main market of the London Stock Exchange. RHM is currently admitted to trading on the Specialist Fund Segment of the London Stock Exchange but as the company […]
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