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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).

06 Jul 2022

QuotedData’s morning briefing 6 July 2022

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%. […]

Sectors
05 Jul 2022
a green coffee cup sitting on a book

QuotedData’s morning briefing 5 July 2022

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. […]

04 Jul 2022

Palace Capital to become pure-play regional office investor focused on ESG

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 […]

Sectors
04 Jul 2022

Supermarket Income REIT checkouts £83m deals

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 […]

Sectors
04 Jul 2022
home reit logo over a picture of a residential street

Home REIT deploys £92m on 216 homeless properties

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 […]

Sectors
04 Jul 2022

Augmentum Fintech enjoys NAV uplift but share price suffers

Augmentum Fintech enjoys NAV uplift but share price suffers – Augmentum Fintech (AUGM) has posted its final results for the year to 31 March 2022, during which time its NAV per share after performance fee delivered 19%. However, the share price and total shareholder return, down by 16%, did not reflect the strong performance of […]

Sectors
04 Jul 2022

JPMorgan Global Core Real Assets boosted by private and liquid strategies

JPMorgan Global Core Real Assets boosted by private and liquid strategies – JPMorgan Global Core Real Assets (JARA) has posted its final results for the year to 28 February 2022. During the period its NAV increased by 12.9% while its share price return was down 8.9%, reflecting a discount to underlying NAV at which the […]

04 Jul 2022

Octopus Renewables Infrastructure seeks shareholder approval to invest more in offshore wind farms

Octopus Renewables Infrastructure seeks shareholder approval to invest more in offshore wind farms – Octopus Renewables Infrastructure (ORIT) has published a circular containing details of proposed amendments to its investment policy and notice of a general meeting to be held on 28 July 2022. The company has proposed to seek shareholder approval to amend its […]

04 Jul 2022
220704 song

Hipgnosis Songs to receive withheld streaming revenues following US Copyright Royalty Board decision

Hipgnosis Songs to receive withheld streaming revenues following US Copyright Royalty Board decision – Hipgnosis Songs (SONG) has welcomed the decision of the US Copyright Royalty Board (CRB) to disallow the appeal by various streaming services against the CRB III determination to increase mechanical streaming royalty rates for songwriters and publishers. The increase, which is […]

04 Jul 2022

QuotedData’s morning briefing 4 July 2022

In QuotedData’s morning briefing 4 July 2022: ScotGems (SGEM) has decided to put forward formal proposals to shareholders for a members’ voluntary liquidation of the company. Such proposals, if approved, would provide all shareholders with a full cash exit less costs. This comes after the company received notice to terminate its AIFM from First Sentier […]

Companies
01 Jul 2022

QuotedData’s weekly news show 1st July 2022

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: • Chrysalis • Ashoka India Equity This week’s interview was with Andrew Beal of Schroder BSC Social Impact – watch it again […]

Sectors
01 Jul 2022

Polar Capital Global Financials suffers during ‘highly volatile year’

Polar Capital Global Financials suffers during ‘highly volatile year’ – Polar Capital Global Financials (PCFT) has posted its half-year results for the six months to 31 May 2022. During this time, its NAV was down 2.2% while its benchmark delivered 1.7%. The board said that the market environment in the first half of the company’s […]

01 Jul 2022

Aberdeen New India to introduce conditional tender offer following underperformance

Aberdeen New India to introduce conditional tender offer following underperformance – Aberdeen New India (ANII) has posted its full year results for the 12 months to 31 March 2022. During this time its NAV returned 11.2% while its share price total return was 3.7%. This compares with a 23.9% return from the MSCI India Index. […]

Sectors
01 Jul 2022

Templeton Emerging Markets reduces management fee

Templeton Emerging Markets reduces management fee – Templeton Emerging Markets (TEM) has confirmed that its management fee arrangements with Franklin Templeton Investment Trust Management Limited will change. The current annual management fee is 1% of net assets up to £1bn and 0.80% of net assets above that level. With effect from 1 July 2022, the […]

Sectors
01 Jul 2022

QuotedData’s morning briefing 1 July 2022

In QuotedData’s morning briefing 1 July 2022: BMO Private Equity (BPET) has changed its name to CT Private Equity, BMO Commercial Property has changed its name to Balanced Commercial Property, BMO Real Estate Investments has changed its name to CT Property Trust, and BMO Managed Portfolio has changed its name to CT Global Managed Portfolio. […]

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  • Global
  • UK
Sectors
Companies
30 Jun 2022

The digital classroom

Technology is making education more accessible and relevant. Thaiha Nguyen, an investment manager with Keystone Positive Change Investment Trust and the Baillie Gifford Positive Change Fund, explores the companies changing the way we learn.  The value of an investment, and any income from it, can fall as well as rise and investors may not get […]

30 Jun 2022

Three new investments for ICG Enterprise

ICG Enterprise Trust has made two new direct co-investments and invested in a secondary portfolio on behalf of its shareholders. Precisely On 15 June 2022, the trust invested in Precisely alongside Clearlake Capital and Insight Partners, both leading US private equity managers. Precisely operates in the software sector and is a market leader in data […]

30 Jun 2022

Chelverton UK Dividend’s new chairman has already been on the board since 2011

Chelverton UK Dividend Trust has published results covering the 12 month ended 30 April 2022. The underlying portfolio fell by 8.1%, beating the MSCI Small Cap Index, which fell by 15.2%. However, the fall is amplified by the gearing provided by the trust’s zero dividend preference shares. The net asset value per ordinary share fell […]

30 Jun 2022
Chrysalis investments logo in purple and green on a dark blue background

Chrysalis conserving cash to fund existing portfolio

Chrysalis Investment’s interim results, covering the six months ended 31 March 2022, confirm the reduction in its NAV from 251.96p to 211.76p. Net realisations of about £33m were generated in the period. Incoming cash came from: the sale of Embark Group (£57m of proceeds), sales of Wise (£18m at an average price of 588p), and […]

Sectors
30 Jun 2022

SDCL Energy Efficiency powers ahead

SDCL Energy Efficiency Income Trust has announced its financial results for the year ended 31 March 2022. The NAV total return for the period was 11.2%. Earnings per share of 10p (up from 7p) comfortably cover a dividend of 5.62p (as does cash generated by the portfolio which covered the dividend 1.2x). The dividend target […]

30 Jun 2022
Civitas targeted by short-seller

Civitas Social Housing posts strong results

Civitas Social Housing has reported a strong set of annual results for the year to 31 March 2022, posting a NAV total return of 7.0%. The group’s IFRS NAV increased to 110.3p per share (2021: 108.3p) following a 5.8% increase in the value of its portfolio to £968.8m. Dividends of 5.55p per share were paid […]

Sectors
30 Jun 2022

QuotedData’s morning briefing 30 June 2022

In QuotedData’s morning briefing 30 June 2022: Riverstone Credit Opportunities Income (RCOI) has realised its investment in Roaring Fork Midstream, crystalising a 21.3% IRR and 1.16x MOIC. The loan was made in March 2021, with a $5.9m first lien delayed-draw term loan to sponsor-backed Roaring Fork Midstream, a company which owns and operates pipeline and […]

Companies
29 Jun 2022

DP Aircraft 1 to go ahead with $750,000 fundraising plan

DP Aircraft 1 to go ahead with $750,000 fundraising plan – Following its announcement in April this year, DP Aircraft 1 (DPA) has decided to proceed with plans for a fundraising through the issue of new ordinary shares by way of tap issuance. The tap issue will provide for the issue of up to 30,000,000 […]

29 Jun 2022

Africa Opportunity announces mandatory redemption of shares

Africa Opportunity announces mandatory redemption of shares – Africa Opportunity (AOF) has announced a mandatory redemption of shares via an initial capital distribution in respect of its ordinary shares of US$0.01 each. The trust has benefited from realisations from its underlying portfolio and has resolved to return a total of $4.5m to AOF ordinary shareholders. […]

Sectors
29 Jun 2022
AVI Japan Opportunity Trust : AJOT invests in undervalued cash-rich and over-capitalised smaller Japanese companies (Small Caps)

Asset Value Investors raises concerns over Fujitec board’s actions

Asset Value Investors raises concerns over Fujitec board’s actions – Asset Value Investors, manager of AVI Japan Opportunity (AJOT) and AVI Global Trust (AGT) has called into question the credibility of Fujitec’s current board following its failure to hold former President Takakazu Uchiayma to account for decades of related-party transactions and after the debacle at Fujitec’s AGM where, […]

Sectors
29 Jun 2022

VH Global Sustainable Energy Opportunities raises £122m which it hopes to commit within three to six months

VH Global Sustainable Energy Opportunities raises £122m which it hopes to commit within three to six months – VH Global Sustainable Energy Opportunities (GSEO) has successfully completed its Placing, Open Offer, Offer for Subscription and Intermediaries Offer, raising gross proceeds of £122m. A total of 110,909,091 new shares will be issued at a price of […]

29 Jun 2022
Two new vessels for Tufton Oceanic Assets : SHIP

QuotedData’s morning briefing 29 June 2022

In QuotedData’s morning briefing 29 June 2022: Tufton Oceanic Assets (SHIP) has applied to introduce an additional market quote for its shares on the London Stock Exchange denominated in GBP Sterling, which will appear alongside the existing US Dollar market quote. There will be no changes to the legal form or nature of SHIP’s shares […]

Sectors
Companies
28 Jun 2022

Future of Private Investing virtual event – Video Playback Now Available

The Investors’ Chronicle held their Future of Private Investing virtual event on 15 – 16 June 2022. The two-day digital event brought together experts from the financial industry, from advisors to fund managers, to share exclusive insights and key trends for investors in the months to come. In the post pandemic world, which industry are […]

28 Jun 2022

NextPower III ESG has over 1GW of capacity

NextPower III ESG, the international private solar fund backed by NextEnergy Solar Fund (NESF) and others, is buying two 100MW solar projects in Lake Placid, Florida. This deal takes the fund’s total capacity in the USA to 397MW. The two 100MW solar projects will benefit from long-term Power Purchase Agreements (PPAs) for 100% of their […]

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