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 […]
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%. […]
The board of Round Hill Music Royalty Fund says that it welcomes the news that the US Copyright Royalty Board (CRB) III ruling has been upheld, allowing the royalty rates for songwriters and publishers to be paid at the increased headline rate of 15.1%, which comes into effect from 1 January 2022. The headline rates […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Having read the extremely alarming news that there is set to be an exodus of GPs, exacerbating existing shortages, I thought it would be worth looking at the likely impact on the two listed primary healthcare landlords – Assura and Primary Health Properties (PHP). According to reports, one in four GP posts are set to […]
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 […]
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 […]
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. […]
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 […]
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