Miton UK Microcap Trust has announced its annual results for the year ended 30 April 2022. Over this period, the NAV fell from 104.83p to 91.05p, a negative total return including dividends reinvested of 13.1%. The share price fell from 104.50p to 86.50p, a negative return of 17.2%. The net revenue return was positive (£159,000 or […]
In QuotedData’s morning briefing 19 July 2022: In GCP Asset Backed Income’s (GABI) latest NAV (as at 30 June 2022), the co-living group loan (discussed on our weekly show on 8 July) has been revalued, taking 1.21p off the NAV. The directors took advice from the company’s valuation agent and investment manager, considered a range […]
Henderson Diversified Income hit by ‘fundamental change in perception of inflation’ – Henderson Diversified Income (HDIV) has posted its annual results for the year to 30 April 2022, during which time its NAV total return was down by 9%, reflecting a fundamental change in the perception of inflation risk by the market. The share price total […]
Ruffer delivers positive returns during tough year as Baillie steps down – Ruffer (RICA) has posted its annual review for the year ended 30 June 2022, during which time its share price total return was 5.6% and the NAV total return was 5.9%. The team recently announced the departure of its long-service manager Hamish Baillie […]
Jupiter Green suffers from scaled back ambitions of US climate policy – Jupiter Green (JGC) has posted its annual results for the year to 31 March 2022, during which time its NAV was down 3.3% while its share price was down 20.5%. This compares with a 2.6% return from its benchmark index, the MSCI World […]
HICL Infrastructure to buy interest in passive mobile tower owner in New Zealand – HICL Infrastructure (HICL) has exchanged contracts to acquire a 40% equity interest in Aotearoa Towers, a passive mobile tower infrastructure owner, from Vodafone New Zealand. Following completion of the transaction, TowerCo will represent approximately 7% of HICL’s portfolio by value, and is […]
In QuotedData’s morning briefing 18 July 2022: Doric Nimrod Air One (DNA) has confirmed it will sell one of its assets, an Airbus A380-861 aircraft, which is currently leased in a 12 year agreement to Dubai airline, Emirates, to the company at its lease end date of 16 December 2022. The sale proceeds to be […]
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • Ruffer – Hamish Baillie stepping down • Roundhill Music Royalty • Hipgnosis Songs Fund • Taylor Maritime inaugural results • Chysalis and wefox • […]
What does the next decade have in store for impact investing? Kate Fox and Lee Qian, joint managers of Keystone Positive Change Investment Trust, tell Iona Bain about four big areas that could solve some of the world’s toughest challenges The value of an investment, and any income from it, can fall as well as […]
Our review of the investment companies sector for the second quarter of 2022 went live this morning (you can read it here) and apart from a few turnarounds in performance for some sectors with specific reasons, it was very much a continued story from the first quarter (check out our 2022 Q1 review here). However, […]
BB Biotech shares closed yesterday at CHF 57 per share, down 26.5% in the year-to-date period, but crucially up by 12% since mid-June when the shares hit a recent nadir of CHF51 per share. NAV, at CHF49.95 per share, is down by 9.95% year-to-date (YTD), but has gained 22% from its recent nadir of CHF40.9 […]
In QuotedData’s morning briefing 15 July 2022: HICL Infrastructure’s (HICL’s) fundraising, announced on 8 July 2022, has raised £160m. HICL says that there has been strong support for the issue from both existing and new investors, including over £5m of demand from the retail offer through PrimaryBid, and a scaling back exercise has taken place […]
Town Centre Securities (TOWN), the property investment, development, car park and hotel operator, has sold its equity investment in YourParkingSpace (YPS) Limited to Flowbird SAS for £20.7m – a huge uplift on the book value of the stake of £1.47m (with an additional £1.53m loan to YPS) on the group’s balance sheet. The YPS platform […]
Separate to its announcement of the new global administration agreements (click here to read more on this), Hipgnosis Songs Fund (SONG) has also announced its final results for the year ended 31 March 2022. The operative NAV has increased by 9.9%, which SONG says was driven by a 9.5% like-for-like value uplift across the Portfolio […]
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 […]
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