Capital & Counties (CAPC) and Shaftesbury have reached an agreement on a £3.5bn all-share merger. The merger of the two West End of London landlords, which will be called Shaftesbury Capital Plc, had been rumoured for years and it was confirmed last month that talks were taking place. Under the terms of the proposed merger […]
JLEN Environmental Assets Group has published results for the year ended 31 March 2022. Over the 12-month period to 31 March 2022, shareholders saw a share price total return of 7.4%. The chairman Richard Morse said: “JLEN has had an outstanding year, with NAV appreciation per share of 25%, £118 million raised through two oversubscribed equity […]
abrdn Private Equity Opportunities says that its estimated net asset value at 31 May 2022 was 715.2p, up from 704.3p at end April 2022. The trust funded £24.0m of drawdowns and received £6.1m of distributions during the month of May. The distributions received generated realised gains and income of £3.7m. It made one new primary […]
Syncona’s results for the financial year ended 31 March 2022 show an NAV total return of just 0.3%. However, this was a long way ahead of the -12% return on the NASDAQ Biotechnology Index. A significant NAV uplift achieved through the sale of Gyroscope to Novartis and multiple successful private financings offset the decline in […]
In QuotedData’s morning briefing 16 June 2022: The US central bank, the Federal Reserve has raised its base rate by 75 basis points (0.75%) to a target range of 1.50-1.75% and indicated that it would raise rates by between 0.5% and 0.75% at its next meeting, as it struggles to combat inflation. NB Global Monthly […]
Templeton Emerging Markets takes double beating from pressure on tech and Russian conflict – Templeton Emerging Markets (TEM) has posted its final results for the year to 31 March 2022. During the period its NAV total return fell by 17.3% while its share price total return fell by 21.2%. This compares with just a 6.8% […]
Lindsell Train Investment Trust highlights three factors for second year of underperformance – Lindsell Train Investment Trust (LTI) has posted its annual results for the 12 months to 31 March 2022, during which time it suffered a second consecutive year of disappointing relative performance as compared to its recently introduced equity benchmark – the MSCI […]
Montanaro UK Smaller Companies suffers from ‘most volatile two-year period’ ever experienced by manager – Montanaro UK Smaller Companies (MTU) has released its final results for the year to 31 March, during which time its NAV declined by 5% while its share price fell by 10%. In comparison, the Numis Smaller Companies (excluding investment companies) […]
3i Infrastructure to increase stake in ground support equipment leader TCR – 3i Infrastructure has agreed to acquire the stake in TCR owned by funds managed by DWS, which will result in it increasing its holding from around 48% to around 96% of the equity in TCR, alongside management. This further investment is expected to […]
In QuotedData’s morning briefing 15 June 2022: BMO Global Smaller Companies (BGSC) has changed its name to The Global Smaller Companies Trust PLC. The company will explain the reasoning and announcing a new ticker in its annual results, due for release next week. Aberdeen Diversified Income & Growth (ADIG) has posted its interim results for […]
Palace Capital has reported an 11.4% uplift in EPRA net tangible assets (NTA) in a positive set of annual results to the end of March 2022. The group, which owns a diverse portfolio of property assets mainly in the industrial and office sectors, said the increase in EPRA NTA to 390p per share (2021: 350p) […]
Foresight Sustainable Forestry has deployed its IPO proceeds and is ready to expand. It is proposing to undertake a placing and an offer for subscription for new ordinary shares at a price of 107 pence per share. It hopes to capitalise on a growing pipeline of potential acquisitions, of which £76.8m is under option or […]
Hg is selling MEDIFOX DAN, a leading provider of digital solutions for the German care and therapy sectors, to ResMed, a global leader in cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS) business solutions, in a transaction valuing the business at an enterprise value of around $1bn. This transaction values HgCapital Trust’s investment in MEDIFOX DAN […]
In QuotedData’s morning briefing 14 June 2022: CVC Credit Partners European Opportunities has renamed itself CVC Income & Growth Limited. The new tickers are CVCG for the ordinary sterling shares and CVCE for the euro shares. The new website is www.ig.cvc.com Value and Indexed Property Income (VIP) says that it will pay £1.319 for every […]
Sirius Real Estate posts good results for year that saw it enter UK market – Sirius Real Estate (SRE) has posted its final results for the year to 31 March 2022. During the period the group annualised rent roll increased by 73.1% to €167m as a result of demand and organic growth, acquisitions and the […]
Greencoat UK Wind renews investment management agreement with new fee structure – Greencoat UK Wind (UKW) has renewed its investment management agreement with Greencoat Capital, who has managed UKW since IPO in 2013. The principal changes to the agreement are as follows: An additional tier added to the cash fee structure, which will see a […]
In QuotedData’s morning briefing 13 June 2022: ThomasLloyd Energy Impact (TLEI) has released its interim results for the period ended 31 March 2022. During the period, it committed 40% of its IPO proceeds. Meanwhile, at 31 March 2022, TLEI had a derivative financial liability associated with the proposed acquisition of the 43% interest in SolarArise, […]
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 and Andrew McHattie covered the week’s top stories: • BMO UK High Income • Rights and Issues This week’s interview was with Craig Martin of Vietnam Holding – watch it […]
This week’s interview with Craig Martin of Vietnam Holding highlighted a number of reasons why investors might want to consider an investment in the country. Vietnam is a frontier market, not yet classified by the big index compilers as an emerging market, but well on the way. Its transformation over the past few years has […]
Industrials REIT has reported a 25% NAV total return for the year to 31 March 2022, as the value of its portfolio rose by more than 20%. EPRA net tangible assets (NTA) was up 20.4% to £1.77 per share, helped by 20.8% like-for-like valuation growth in the value of its portfolio of multi-let industrial (MLI) […]
HgCapital Trust (HGT) has announced an investment in TigerRisk Partners, alongside other institutional clients of its manager, through the Hg Saturn 2 Fund. HGT’s manager, Hg, describes TigerRisk as a leading risk, capital and strategic advisor to the global insurance and reinsurance industry. TigerRisk is being acquired by Howden Group Holdings. HGT announced its original […]
Baillie Gifford UK Growth (BGUK) has announced its annual results for the year ended 30 April 2022. During the year, BGUK provided NAV and share price total returns of -16.0% and -27.9% respectively, both significantly underperforming its All-Share benchmark, which it says returned +8.7% during the period. BGUK’s chairman, Carolan Dobson, says that the portfolio’s […]
In QuotedData’s morning briefing 10 June 2022: Tufton Oceanic Assets (SHIP) has announced that it has agreed to acquire a product tanker for US$31.5m with completion expected in early July. The Product Tanker, Marvelous, is being acquired at approximately 90% of its depreciated replacement cost. SHIP says that, initially, the vessel will be employed in […]
JPMorgan European Growth and Income has published its first set of results since its reconstruction earlier this year. Over the 12 months ended 31 March 2022, the total return to shareholders for the ordinary shares was 7.5%. Shareholders benefited from some discount narrowing and the share price return was 9.8%. Both were ahead of the […]
VH Global Sustainable Energy Opportunities plans to raise target gross issue proceeds of £150m through an Initial Placing, Initial Open Offer, Initial Offer for Subscription and Initial Intermediaries Offer at an issue price of 110p..This represents a premium of 3.4% to the NAV at 31 March 2022 (adjusted for the interim dividend of 1.25 p) […]
Over its financial year ended 30 April 2022, Personal Assets generated a return of 7.1% in NAV terms and 8.0% in share price terms. Inflation (measured by RPI) was 11.1% over that period and the return on the UK market was 8.7%. Personal Assets’ returns came from a highly defensive portfolio. At 30 April 2022, […]
In QuotedData’s morning briefing 9 June 2022: NextEnergy Solar Fund (NESF) now has its hundredth operating solar asset, an 181kW commercial rooftop solar power asset located on a Holiday Inn in Nottinghamshire. The asset benefits from an attractive 25-year power purchase agreement for 100% of its generated volume. This is the final investment under the […]
Workspace Group said that demand for its flexible office space in London was back to pre-COVID levels in full year results. The group completed 1,520 lettings in the year with a total rental value of £30m, which saw occupancy increase to 89.6%. The group’s rent roll was up 8.7% to £92.9m, with rent per square […]
HgCapital boosts holding in The Access Group – HgCapital (HGT) has provided further investment to The Access Group, a leading provider of business management software to mid-market organisations in the UK, Ireland and Asia Pacific. Together with TA Associates, the company invested an associated enterprise value of £9.2bn, believed to make Access one of the […]
In QuotedData’s morning briefing 8 June 2022: International Public Partnerships (INPP) has posted a portfolio update for the period 1 January to 31 May 2022. During this time, approximately £48m of investments and commitments were made, including an additional c.£40m investment being announced into Tideway, the company building a 25km ‘super-sewer’ under the River Thames. […]
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