Asset Value Investors (AVI) has launched a public campaign on the submission of its shareholder proposals to NS Solutions, a subsidiary of Nippon Steel Corporation. NS Solutions is held by both AVI Global Trust and AVI Japan Opportunity Trust. Between them, they own 1.2% of voting rights of NS Solutions. Having first invested in March […]
JPMorgan Multi Asset Growth and Income has announced results for the 12 months ended 28 February 2022. Over that period, the company achieved a positive total return of 8.1% on its net asset value, an outperformance of 2.1% for the year, against the reference index (a total return of 6.0% per annum measured over a […]
JLEN Environmental Assets says that its NAV at the end of March 2022 was 115.3p, up 14.6% from the value at end December 2021. Higher power prices added 13.4p to the NAV and inflation added 2.6p. NAV at 31 December 100.7p Less dividends paid in the quarter (1.7p) Power prices (excluding assets previously held at […]
Schroder British Opportunities Trust has made an investment into Mintec, the leading provider of food-related commodity pricing, via Schroders’ long standing investment partner Synova. Synova first invested in Mintec in December 2017 and has supported the company through a period of rapid growth, technological development, and international expansion. Synova’s investment helped Mintec launch their proprietary […]
In QuotedData’s morning briefing 17 May 2022: Sequoia Economic Infrastructure has received £10m from the administrators of Simple Energy (the parent of Bulb Energy). £2.5m of this covers the interest on the loan that has accrued since Simple went into administration. The other £7.5m reduces the fund’s exposure to Simple/Bulb to about 1.5% of its […]
About Polar Capital Technology Trust Polar Capital Technology Trust is run by a team of 9 professionals dedicated exclusively on the technology sector, which has been one of the most exciting, most dynamic sector in the stock market. Ben Rogoff says that “we are very fortunate to have a very large and experienced team that […]
Ben Rogoff – Fund Manager Ben joined Polar Capital in May 2003. He is lead manager of Polar Capital Technology Trust plc and is a Fund Manager of the Polar Capital Global Technology Fund and Polar Capital Automation and Artificial Intelligence Fund. Prior to joining Polar Capital, Ben began his career in fund management at […]
Here at QuotedData we were very sad to learn today of the death of Nigel Sidebotton, ex-deputy CIO of Premier Asset Management and the person who trusted us with our first client, Premier Energy & Water (now Premier Miton Global Renewables) and worked with us patiently as we produced that first research note. Nigel’s death […]
Life Science REIT has completed the acquisition of Oxford Technology Park, a 20-acre science and technology park, for £120.3m. The acquisition includes the park’s debt of £33.8m and the company will also provide up to £62.7m of forward funding to complete the park’s build-out which, once fully developed, will comprise up to 450,000 sq ft […]
Home REIT hopes to raise £150m in a new placing of shares as it looks to grow its portfolio of homeless accommodation. The placing price of 115p represents a discount of 5.7% to the closing price of 122p on Friday 13 May 2022 and a 4.7% premium to the 28 February 2022 NAV of 111.2p […]
BBGI Global Infrastructure buys German motorway – BBGI Global Infrastructure (BBGI) has entered into an agreement to acquire a 49% equity interest in Via Solutions Nord, a limited partnership incorporated in Germany, being the project company for the A7 motorway public-private partnership between Bordesholm and Hamburg in Germany. BBGI says the investment offers an inflation […]
Aquila European Renewables Income acquires new solar asset – Aquila European Renewables Income (AERI) has entered into a sale and purchase agreement to acquire a 30 MWp operating solar PV asset called Tiza for an undisclosed amount expected to close by Q3 2022. Tiza is located in the Almería region, in the south of Spain, […]
HydrogenOne Capital Growth buys second clean hydrogen developer business – HydrogenOne Capital Growth (HGEN) has signed definitive agreements for an investment of £5m (EUR 6m) in HH2E AG, alongside funds managed by Foresight Group, as part of a funding round expected to total at least £10m (EUR 12m). HydrogenOne and Foresight have also signed a […]
In QuotedData’s morning briefing 16 May 2022: Finsbury Growth & Income (FGT) has posted its unaudited half year results for the six months to 31 March 2022. During the period, the NAV total return was -2.2% and the share price total return was -3.0%. The benchmark rose by 4.7%. Despite this, manager Nick Train (pictured) […]
About AVI Global Trust AVI Global Trust specialises in finding securities which at first glance do not necessarily offer themselves up as potential high return investment opportunities. Investments that for one reason or another are priced below their true value but can be made into profitable performers. AVI believes its strategy and investment style differentiate […]
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 Richard Williams covered the week’s top stories: JLEN Ecofin US Renewables Infrastructure Trust Bluefield Solar Shaftesbury Capital and Counties LXI Reit Secure Income REIT This week’s interview was with […]
Regular readers of our research and news may have noticed that, at QuotedData, we are quite positive on India as an investment destination. While acknowledging that, as a sprawling democracy of some 1.4bn people and the world’s fifth largest economy, India inevitably has its challenges. Nonetheless, there is much to recommend it. In our view, […]
In QuotedData’s morning briefing 13 May 2021: Barings Emerging EMEA Opportunities (BEMO) has announced that Maria Szczesna, one of its investment managers, and a member of the Barings EMEA Team, has decided to step down from her portfolio management responsibilities to return to her home country for family reasons. Maria will remain with BEMO until […]
On 9 March 2022, the board of ScotGems announced that it had received notice from First Sentier Investors (UK) Funds Limited that it wanted to terminate its management agreement. The board says that it has considered carefully the future of the company including reviewing a number of proposals made to the board and consulting with […]
UK Commercial Property REIT (UKCM) has acquired a hotel development opportunity in Leeds for £62.7m from Marrico (Sovereign Square) Ltd, a joint venture between Marrico LLP and Helios. The group will fund the development of the 305-room hotel, which will be completed by Marrico. The 12-storey hotel is scheduled to complete in 2024 and will […]
Land Securities has agreed a deal to sell 32-50 Strand, in London, for £195m, representing a net initial yield of 4.2% to Sinarmas Land Limited, a real estate company listed on the Singapore Exchange. The disposal is in line with Landsec’s strategy to recycle capital into higher return opportunities, and is expected to complete in June 2022. […]
North Atlantic Smaller Companies delivered an NAV return of 9.2% over the year ended 31 January 2022. The chairman notes that this compares with a rise in the sterling adjusted Standard & Poors Composite Index of 24.0%. The Standard and Poors Composite Index was, however, not representative of the US market in general; for example, […]
ICG Enterprise Trust has published results for the 12 months ended 31 January 2022. Over the period, the company generated an NAV total return of 24.4% and a return to shareholders of 27.1%. Dividends total 27p, up 12.5% on the previous year. The report is jargon-heavy. ICG Enterprise’s new investment activity was skewed towards what […]
In QuotedData’s morning briefing 12 May 2022: Temple Bar (TMPL) is splitting its shares. With effect from tomorrow, a holder of one share will own five shares in the trust and the share price will adjust accordingly. If you hold your shares evidenced by paper certificates rather than through an online trading account, new share […]
NextEnergy Solar reports positive performance for first quarter of 2022 – NextEnergy Solar (NESF) has announced an 8.7% quarterly increase in its unaudited NAV per ordinary share from 104.4p as at 31 December to 113.5p as at 31 March 2022 and an interim dividend of 1.79p per ordinary share for the three-month period. Meanwhile the […]
CLS Holdings, the FTSE 250 office landlord with a £2.3bn portfolio in the UK, Germany and France, has proposed a tender offer of its shares due to its persistent and unjustified share price discount to net tangible assets. Subject to the discount persisting, CLS said that it intends to undertake a tender offer of its […]
LXI REIT and Secure Income REIT have agreed terms on a merger that would see LXI acquire the entire share capital of Secure Income. Under the terms of the merger, each Secure Income shareholder will receive 3.32 new LXI shares per one Secure Income share. The deal would see the combined company have net assets […]
Bluefield Solar Income buys UK-based solar and wind portfolio and announces proposed issue – Bluefield Solar Income (BSIF) has made a significant acquisition of a 93.2MWp UK-based solar and wind portfolio, expanded its revolving credit facility (RCF) and launched a placing and offer for subscription. BSIF will raise new equity through the placing of new […]
In QuotedData’s morning briefing 11 May 2022: BlackRock Greater Europe (BRGE) has posted its interim results for the six months to 28 February 2022. During this time, the trust’s NAV was down 20% while its share price was down 21.8%. This compares with a 7.8% fall from its benchmark. Exposure to Russian holdings at 28 […]
Pacific Assets Trust has published results for the 12 months ended 31 January 2022 and the figures are much improved on previous years when it suffered from relatively low exposure to China, although unfortunately still behind its performance objective. The net asset value per share total return of 9.1% compares with the return of the […]
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