HgCapital Trust (HGT) has released its preliminary results for the year ended 31 December 2024 during which it has an estimated NAV total return for the year of 10.1%, driven by resilient trading in its underlying portfolio. Its shares have also enjoyed a rerating from a 13% discount to a 2% premium, which is reflected […]
On 18 December 2024, Henderson Opportunities Trust (HOT) announced that, in light of its performance and forthcoming continuation vote, it had instructed advisers to commence work on putting forward a scheme of reconstruction to give all shareholders a choice between ongoing alternative investment and/or a full cash exit at NAV. HOT has now published a […]
BlackRock Energy and Resources Income (BERI) has published its annual results for the year ended 30 November 2025, during which it provided NAV and share price total returns of 15.3% and 14.0% respectively, both significantly ahead of the internal benchmark that BERI uses to evaluate its performance (performance is measured against a blended comparator index […]
Gresham House Energy Storage (GRID) says that it has agreed substantial reductions in the annual fund management fees that it pays. Under the old AIFM Agreement, the annual fund management fee (AIFM fee) was calculated quarterly as a percentage of the Net Asset Value (“NAV”) at the beginning of each quarter, with the annual percentage […]
In QuotedData’s morning briefing 3 February 2025: Edinburgh Worldwide (EWI) has made an announcement in relation to its upcoming requisitioned general meeting and AGM, both of which are being held on 14 February 2025, in which it urges shareholders to “vote twice to stop Saba”. It says that shareholders can do this by voting against […]
With REITs and property companies having been heavily discounted by the market over the past two-and-a-half years, and with share prices moving inversely in eerily close tandem with gilt yields – the sharks are no longer just circling; they are taking huge chunks out of the sector. Seven REITs and property companies were lost to […]
From spaceflight to a new form of entertainment dubbed ‘shared reality’, discover the entrepreneurs and companies forging new paths outside public markets. Baillie Gifford’s Alexander Nicolier explains. Capital at risk. Listen here now
From spaceflight to a new form of entertainment dubbed ‘shared reality’, discover the entrepreneurs and companies forging new paths outside public markets. Baillie Gifford’s Alexander Nicolier explains. Capital at risk. Listen here now
Aberforth Smaller Companies (ASL) has published its annual results for the year ended 31 December 2024, during which it provided NAV and share price total returns of 12.1% and 10.7% respectively, both ahead of ASL’s benchmark – the Deutsche Numis Smaller Companies Index (excluding investment companies), whose total return in 2024 was 9.5%. It also […]
GCP Infrastructure has disposed of its interests in two operational onshore wind farms, Pates Hill Wind Farm and Milton Keynes Wind Farm, with total generating capacity of 28MW. The projects are located in Cumbria and Milton Keynes, each with installed capacity of 14MW, powered by seven Vestas V80 2.0MW turbines. The projects benefit from renewable […]
Further to its announcement of 4 December 2024, that it was bringing forward its continuation vote in order to provide clarity on the future of the company at the earliest opportunity (click here to see our coverage of that announcement), Schroders Capital Global Innovation (INOV) has now published a circular. A general meeting is being […]
Tritax Big Box REIT pre-let a 1m sq ft development in one of the largest letting deals in the UK in 2024. It made the announcement in a trading update for 2024, in which it also announced that it had sold £181.2m of non-core assets it acquired as part of the UK Commercial Property REIT […]
Following its announcement on 18 November 2024 that its board had concluded that a voluntary liquidation would be in the best interests of its shareholders, Miton UK MicroCap (MINI) says that its board has agreed non-binding heads of terms with Premier Miton that will give its shareholders the option to roll over their investment into […]
Ground Rents Income Fund has rejected an improved proposal to buy the company, which values it at around £35.9m. The board said the possible offer, by Victoria Property Holdings (which made a previous proposal in early January that valued it at £32.5m), “remains unattractive and materially undervalues the company”. Ground Rents’ NAV at 30 September […]
In QuotedData’s morning briefing 31 January 2025: ICG-Longbow Senior Secured UK Property Debt (LBOW) has issued an update in which it says it continues to make progress in exiting its three final investments in what remain challenging market conditions. The asset securing the Affinity loan has been placed under offer for sale following a competitive bidding […]
As at 31 December 2024, Chrysalis Investments’ unaudited NAV was 156.62p. That is a 15.36p (11%) increase since 30 September 2024. Most of the increase came from an uplift in the fair value of the portfolio (+11.38p), foreign exchange moves added 1.39p, and the share buyback added 2.76p; other income, fees and expenses make up […]
Patria Private Equity has published results covering the 12-months ended 30 September 2024. Over that period, its NAV total return was 2.4%. However, a narrowing of its discount from 43.2% to 31.4% helped generate a return to shareholders of 24.9%. The dividend rose to 16.8p from 16.0p. Highlights: Portfolio return in local currency – The […]
Over the course of 2024, the board of HarbourVest Global Private Equity (HVPE) says it consulted extensively, listened to and reflected on the views of a broad range of shareholders. The board strongly believes in the importance of funds such as HVPE in democratising private equity ownership for all investors. However, it shares the frustrations […]
In QuotedData’s morning briefing 30 January 2025: Dunedin Enterprise (DNE) says it has made a first distribution payment under its liquidation of £3.52 per share AEW UK REIT (AEWU) has reported a NAV uplift of 0.9% to 110.02p per share over the quarter to 31 December 2024. This produced a NAV total return of 2.7% […]
Oakley Capital Investments (OCI) has published a trading update for the year ended 31 December 2024, during which it provided an NAV total return of 2% (15p) or 6% (+40p) excluding the impact of foreign exchange, and a share price total of 3%. OCI’s unaudited NAV, based on a revaluation of all portfolio companies at […]
The independent proxy adviser ISS has published its voting recommendation in relation to the general meeting of The European Smaller Companies Trust (ESCT) in which it recommends that ESCT shareholders VOTE AGAINST ALL of the proposed resolutions that have been put forward by Saba Capital, at the general meeting that is to be held on […]
BH Macro has announced that, following the publication of its final month-end Net Asset Values for 31 December 2024, the class closure resolution procedure contained in its articles of incorporation has been triggered in respect of the year ended 31 December 2024 for both classes of its shares. This is because the average daily closing […]
Greencoat UK Wind (UKW) published an update. It says that its NAV as of 31 December 2024 is £3,409m (151.2p per share), which is a decrease of 7.4 pence per share from the NAV at 30 September 2024. The movement in NAV was primarily the result of a revision to energy yield estimates across the […]
In QuotedData’s morning briefing 29 January 2025: Literacy Capital (BOOK) has published a portfolio update. It says that, while confidence and business activity across the UK was clearly adversely affected both in the run up to, and subsequent to, the government’s Budget announcement on 30 October 2024, very few of its businesses are in sectors […]
Edinburgh Worldwide has announced that shareholders on Lloyds-owned platforms can now vote in the 14th February general meeting after resolving platform issues. If you are an investor in Edinburgh Worldwide through Scottish Widows, Embark, or Stock Trader, you should now have the option to vote. Previously, Lloyds had tried to claim that these votes were […]
In QuotedData’s morning briefing 28 January 2025: Bluefield Solar (BSIF) will pay its first quarterly dividend of the new financial year on 7 March. The 2.2p dividend is the first of what is targeted to be 8.9p for the full year (up from 8.8p), which is expected to be covered by earnings post debt amortisation. […]
Kailera, a portfolio company of RTW Biotech Opportunities (RTW), has announced positive topline data from the 8 mg dose of Hengrui Pharmaceutical’s Phase 2 clinical trial (HRS9531-203) of HRS9531, a GLP-1/GIP receptor dual agonist, in individuals living with obesity or overweight. The clinical trial results showed that a once-weekly subcutaneous injection of the 8 mg […]
The independent proxy advisors Glass Lewis and ISS have both published recommendations for shareholders of Henderson Opportunities Trust (HOT) in which they recommend HOT shareholders VOTE AGAINST all of the resolutions put forward by Saba Capital Management at the requisitioned general meeting that is being held on 4 February 2025 at 10am. HOT’s board’s message […]
Smithson (SSON) has published its letter to shareholders that is also its investment manger’s review for 2024. Simon Barnard, SSON’s investment manager, says that after a strong market sell-off in the last few days of the year, SSON’s final performance for 2024 can only be described as mediocre. He notes that it will also be […]
Patria Private Equity Trust (PPET) has agreed a three-year extension of its syndicated revolving multi-credit facility agreement (a loan facility) that takes effect from 3 February 2025 and also sees the amount available to borrow increasing from £300m £400m. Banco Santander, S.A. and State Street Bank & Trust Company are joining the syndicate of banks […]
