Investment Companies News
Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).
Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).
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 […]
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 […]
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