TwentyFour Income dividend benefits from higher base rates – TwentyFour Income (TFIF) has posted its annual results for the year to 31 March 2022. The NAV per share marginally declined from 112.75 at the start of the year to 112.45, for a total return of 5.55% (including dividends paid) during the year, while the income […]
SDCL Energy Efficiency Income to acquire £100m portfolio from United Utilities Group – SDCL Energy Efficiency Income (SEIT) has signed an agreement to acquire a portfolio of on-site, predominantly solar PV operational projects from United Utilities Group for approximately £100m. SEIT will acquire a 100% interest in United Utilities Renewable Energy, which is a portfolio totalling […]
In QuotedData’s morning briefing 12 July 2022: Chrysalis (CHRY) holding, Wefox, the Berlin-based insurtech platform, has successfully closed a Series D funding round, raising $400m (comprising equity and debt) which now values the business at $4.5bn. The current valuation makes it the world’s most valuable privately held insurtech asset.The current valuation compares against the $3bn […]
Michael Bonte-Friedheim – Founding Partner and Group Chief Executive Officer Michael founded NextEnergy Capital in 2007. Prior to this, he was a managing director in the European Energy & Power Team in the European Investment Banking Department of Goldman Sachs. He held similar roles earlier in this career at Morgan Stanley and Credit Suisse First […]
About NextEnergy Solar Fund NextEnergy Solar Fund seeks to provide ordinary shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of primarily UK-based solar energy infrastructure assets. The Company seeks to achieve its investment objective by investing predominantly in solar PV assets, primarily in the UK. […]
Philip Kent – Director Philip is a director of Gravis. He acts as lead adviser to GCP Infrastructure. Philip joined Gravis from Foresight Group where he was responsible for investments in the waste and renewable sectors, including large waste wood combustion projects and a pipeline of AD projects across the UK. Philip has been involved […]
About GCP Infrastructure Investments Limited GCP is a Jersey-incorporated, closed ended investment company and FTSE 250 constituent whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained, long term distributions and to preserve capital over the long term by generating exposure primarily to […]
Sequoia Economic Infrastructure Income achieves ‘solid performance’ – Sequoia Economic Infrastructure Income (SEQI) has posted its final results for the year to 31 March 2022. During the period under review, SEQI’s NAV per Ordinary Share decreased from 103.18p to 100.50p, after paying dividends of 6.25p, producing a NAV total return of 3.5%, lower than its […]
In QuotedData’s morning briefing 11 July 2022: RM Infrastructure Income (RMI)) has closed on three social infrastructure loans totalling approximately £11m allocated to targeted infrastructure sectors, including the company’s first ESG sustainability linked loan. An aged care loan of up to £6m will be used to construct a 45-bed purpose-built aged care home, located in […]
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Jayna Rana covered the week’s top stories: • Round Hill Music/Hipgnosis Songs • Octopus Renewables Infrastructure • Fundraising HICL Infrastructure Impact Healthcare REIT Digital 9 Infrastructure This week’s interview was with David […]
What a week it has been in UK politics and markets. As I write, the political manoeuvring in Westminster continues to dominate the headlines and, from what I can see, this tale clearly has some way to go and so it will be grabbing more than its fair share of airtime for a while yet, […]
Oryx International Growth (OIG) has announced its annual results for the year ended 31 March 2022, during which its NAV fell by 4.57% in what its investment adviser, Harwood Capital, describes as a disappointing year. The adviser says that the portfolio was hampered by a reversal in bond market sentiment towards the biotech and healthcare […]
HICL Infrastructure (HICL) has announced that it proposes to raise additional equity capital through the issue of new ordinary shares by way of non-pre-emptive tap issuance. It is proposed that the new ordinary shares will be issued at a price of 169.0p per Share, which represents a discount of 3.1 per cent. to the mid-market […]
Digital 9 Infrastructure (DGI9) has announced that it has raised £60m via the placing and offer for subscription that was announced on 27 June 2022. DGI9 says that 48,335,287 new ordinary shares will be issued in relation to the placing and 6,210,167 new ordinary shares will be issued in relation to the offer for subscription, […]
In QuotedData’s morning briefing 8 July 2022: Digital 9 Infrastructure (DGI9) has announced that Finland’s Ministry of Economic Affairs and Employment has approved the sale of Ficolo to the Group. The acquisition of Ficolo (which was first announced on 25 April 2022 – click here to see our coverage) will now proceed to completion, expected […]
The results of the fourth round of the UK’s subsidy auction have been announced. They include 7GW of new offshore wind coming at a price of £37.35/MWh, 2.2GW of solar, almost 900MW of onshore wind and new tidal stream and floating offshore wind projects. A full list of approved projects is available here. We note […]
About Henderson High Income The company aims to provide a high-income stream and prospects of capital growth. The trust invests in a prudently diversified selection of both well-known and smaller companies, predominantly equities but has flexibility to invest in fixed income assets. It has a bottom-up style to stock selection with an emphasis on value. […]
Oliver Packard – Head of Investment Trust Sales Oliver joined Janus Henderson from Panmure Gordon, where he was Executive Director, Investment Fund Sales. Prior to this, he spent more than five years as Sales Director in Investment Trust Sales at Cenkos Securities PLC. As Head of Investment Trust Sales at Janus Henderson, Oliver leads and […]
Atlantis Japan’s results for the year ended 30 April 2022 confused me as the chairman’s statement managed to avoid telling investors what the NAV return was. However, it is in the announcement – in the investment adviser’s report – and it’s not great – a -21.3% total return in a year where the TPOIX benchmark […]
Artemis Alpha says that its NAV fell by 21.9% and the share price by 24.8% over the year ended 30 April 2022 (on a total return basis). In comparison the benchmark All-Share Index rose by 8.7%. The chairman says that this was a disappointing result and points to a 5.9% fall in the 250 Index […]
abrdn New Dawn Investment Trust has published results covering its financial year ended 30 April 2022. In a difficult period for markets, the trust slightly underperformed its MSCI All Countries Asia Pacific ex Japan benchmark, returning -11.0% in nAV terms and -11.8% in share price terms against -9.2% for the benchmark. An unchanged dividend of […]
In QuotedData’s morning briefing 7 July 2022: NB Global Monthly Income (NBMI) says that investors submitted 25,500,417 shares to its cash exit offer (10.3% of the company). The tender was for up to 25% of shares held so all these shares will be redeemed at 81.92p (NAV less 2%). Some investments are less liquid than […]
HgCapital boosts investment in entrepreneurial platform team.blue – Hg, the manager of HgCapital (HGT) has announced a further investment in team.blue, a leading digital enabler for companies and entrepreneurs across Europe. The terms of the transaction have not been disclosed and completion is subject to closing conditions. Following the transaction, HGT will make a net […]
Impact Healthcare REIT has raised £22.3m in a placing and offer for subscription. The group said the proceeds would be used with existing resources to acquire a pipeline of care home investments. The group is in advanced negotiations to acquire six portfolios, consisting of 27 separate care homes, for a total of £169m. Existing resources […]
In QuotedData’s morning briefing 6 July 2022: abrdn China (ACIC) has posted its interim results for the period from its change of mandate in October 2021 to 30 April 2022. It has been a testing period for most equity markets, but China has been particularly challenging and the trust’s NAV return was a dismal -21.5%. […]
The board of Round Hill Music Royalty Fund says that it welcomes the news that the US Copyright Royalty Board (CRB) III ruling has been upheld, allowing the royalty rates for songwriters and publishers to be paid at the increased headline rate of 15.1%, which comes into effect from 1 January 2022. The headline rates […]
In QuotedData’s morning briefing 5 July 2022: NextEnergy Solar Fund (NESF) has signed a two-year extension to its existing £70m revolving credit facility (RCF) with Santander UK. The revised facility comes with a margin of 160bps (1.6%) over SONIA, including an uncommitted option to extend the facility term for an additional twelve months if required. […]
Palace Capital will become a purely regional offices investor, focusing on ESG enhancements to create value. The company announced the move following a strategic review by the board as it wrestles with a wide share price discount to net asset value (NAV). The group said that it “intends to have a pure focus as an […]
Supermarket Income REIT has acquired two supermarket assets for a total of £82.9m, reflecting a combined net initial yield of 4.9%. It has purchased a Tesco superstore, M&S Foodhall and an Iceland in Chineham, Basingstoke, and an Asda supermarket in Carcroft, Doncaster. The 18.7 acre Chineham site has been acquired from Tellon Capital and comprises […]
Home REIT has acquired two portfolios of homeless accommodation properties for a total of £92.3m, its first deployment since its £263m equity issue in May 2022. The company has acquired 183 properties located across England for £84.9m, and in a separate transaction bought 33 additional properties for £7.4m. In total, these have added a further […]
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