Securities Trust of Scotland (STS) has announced its annual results for the year ended 31 March 2022. During the period, STS provided NAV and share price total returns of 16.8% and 17.4% respectively, which compared to a total return of 10.8% in the Lipper Global – Equity Global Income Index. These compare to a net […]
In QuotedData’s morning briefing 20 May 2022: Ecofin Renewables Infrastructure (RNEW) has announced that its fundraising, which was undertaken as both a placing and REX retail offer, has raised gross proceeds of US$13.1m. US$10.8m was raised through the placing and £1.8m (equivalent to approximately US$2.3m) was raised through the REX Retail Offer. RNEW will issue […]
London office landlord and developer Great Portland Estates says it expects positive rental growth over the next year as the supply of new offices are choked off by weaker sentiment and cost inflation. This coupled with a continued “flight to quality” offices by occupiers gives cause for a positive outlook, with the company giving a […]
Over the twelve months to 31 March 2022, Scottish Mortgage returned -13.1% in NAV terms and -9.5% in share price terms as compared to a 12.8% increase in the All-World Index. The chair says “these last couple of years have been extraordinary and do not offer a suitable timeframe over which to judge investment returns” […]
Asset Value Investors (AVI), manager of AVI Japan Opportunities, has submitted shareholder proposals to SK Kaken addressing six issues which it feels contribute to that company’s poor share price performance, low valuation, and potential delisting from the Tokyo Stock Exchange (TSE). AVI says that, despite a high-quality business model and a dominant share of the […]
HICL Infrastructure has invested in fibre broadband for the first time, buying a 55% shareholding in ADTIM SAS in France from DIF Capital Partners. Following completion, ADTIM will represent approximately 2% of HICL’s portfolio, by value. ADTIM is an independent wholesale fibre network providing low density rural areas in the South of France with 18,300km of […]
In QuotedData’s morning briefing 19 May 2022: Interim results released today for Ecofin Global Utilities and Infrastructure (EGL) show that the trust is off to a great start in this financial year. For the six months ended 31 March 2022, it returned 14.1% in share price terms and 13.7% in NAV terms, both well-ahead of […]
George Barrow – Fund Manager George joined Polar Capital in September 2010 as an analyst on the Financials Team. He is a co-manager on the Polar Capital Financial Opportunities Fund, with John Yakas, and the Polar Capital Global Financials Trust, with John and Nick Brind. He has over 10 years’ experience analysing Europe, Asia and […]
About Polar Capital Global Financials plc PCFT aims to select the best investment opportunities from the world of financials. The investment team scours the globe and actively invests in developed regions such as the US as well as emerging economies and Asia. With a relatively low exposure to UK companies, the Trust could be a […]
Regional REIT has acquired three offices in Derby, Milton Keynes and Crawley for a total of £48.2m, reflecting a blended net initial yield of 8.7%. The assets It has acquired Orbis 1-3, Derby (totalling 122,153 sq ft) for £19.8m, and a 8.6% yield. It is located on a 7.54-acre site on the Pride Park business park. […]
British Land delivered a NAV total return for the year to March 2022 of 15.6% as the value of its portfolio continues to recover from the pandemic lows. The company’s EPRA Net Tangible Assets (NTA) was up 12.2% to 727p, while it paid dividends during the year totalling 21.92p. Its portfolio valuation rebounded 6.8% on […]
Schroder British Opportunities buys global insurance business as it boosts private equity exposure – Schroder British Opportunities (SBO) has bought CFC, a leading technology-driven global insurance business. The investment has been made via VIP SIV I LP, a fund managed by Vitruvian Partners. Founded in 1999, CFC was one of the pioneers in the cyber […]
In QuotedData’s morning briefing 18 May 2022: Riverstone Energy (RSE) has led a investment round in Infinitum Electric, creator of the breakthrough air-core motor. Infinitum Electric will use the investment to vertically integrate and automate production of its motors for the commercial and industrial market segments, and complete development and commercialisation of a traction motor […]
Joe Bauernfreund – Fund Manager Joe Bauernfreund is Chief Executive Officer and Chief Investment Officer of Asset Value Investors. He is the manager of AVI Global Trust and AVI Japan Opportunity Trust and responsible for all investment decisions across AVI’s strategies. Joe has over 24 years’ experience in the finance industry. Before joining AVI in […]
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 […]
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