BlackRock Smaller Companies (BRSC) lagged its benchmark over the12 months ended 28 February 2022, returning 16.7% to the Numis Smaller Companies plus AIM excluding investment companies Index’s 24.9%. 35p of dividends were 5.1% higher than the previous year as revenue recovered from the effects of the pandemic – the revenue return for the year was […]
In QuotedData’s morning briefing 3 May 2022: BlackRock Energy and Resources Income (BERI) is asking shareholders for permission to issue more shares after an upsurge of interest in the trust meant that it has already issued all the shares that it was given permission to at the last AGM. Blackstone Loan Financing (BGLF) generated a […]
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 covered the week’s top stories: • NB Private Equity • Vietnam Enterprise This week’s interview was with Robert Guest of Foresight Sustainable Forestry – watch it again here.
A couple of years ago, as the initial panic of the pandemic eased, commentators started to talk about the probable shape of the post-COVID economic recovery. When we found out that the vaccines worked in November 2020, markets soared on hopes that things would start to return to normal. Expectation grew of a synchronised global […]
In QuotedData’s morning briefing 29 April 2022: Gulf Investment Fund says that all assets in its tender pool have been sold. As at 27 April 2022, the final tender offer asset value was $11,284,711, giving a tender price of $2.1639. The 5,214,956 tendered shares will be cancelled. It is expected that the proceeds payable to […]
Standard Life Investments Property Income Trust delivered a NAV total return for 2021 of 28.6%, outperforming the AIC UK Property – Commercial peer group average of 17% and the open-ended commercial property funds sector of 9.6%. As valuations recovered over the course of 2021, from the depths of the pandemic, the group’s NAV increased 23.2% […]
Aquila European Renewables Income Fund’s results for the year ended 31 December 2021 show an NAV total return of 7.6%, but after some discount widening, a return to shareholders of just 0.5%. Dividends totalled 5 cents per share (in-line with its target) and these were covered 1.1 times. The dividend target for the current financial […]
Vietnam Enterprise Investments has published its annual report and financial statements for the year ended 31 December 2021. The chairman says that the Vietnamese stock market produced one of the best returns globally in 2021, the Vietnam Index rose by 39.0%. The trust’s NAV outperformed, achieving a return of 47.1%. As of December 2021, 98.7% […]
Round Hill Music has published its first annual report – covering the period from its incorporation through to 31 December 2021. Highlights are: IPO in November 2020 raising gross proceeds of $282m, followed by $46.6m in December 2020 and $86.5m in July 2021 via a C share placing. Deployed around $400m across 49 catalogues, consisting […]
In QuotedData’s morning briefing 28 April 2022: Downing Renewables Infrastructure (DORE) says that recent additions to the portfolio (the Swedish wind asset and the Swedish hydropower portfolios) are expected to add around 3.7p to its NAV. These increases are due to operational and capital efficiencies as a result of the integration of the assets, particularly […]
Supermarket Income REIT raises £300m in oversubscribed issue – Supermarket Income REIT (SUPR) has successfully raised gross proceeds of £300m pursuant to the recently announced issue and a further £6.7m gross proceeds pursuant to the PrimaryBid Offer, well over its initial target of £175m. The board agreed to raise the larger amount due to its […]
Tritax EuroBox to acquire Swedish development land for €21.4m – Tritax EuroBox (EBOX) has, in partnership with Nordic developer MIGS, entered into a speculative development scheme to acquire 95,000 sqm of development land for SEK 223 million (€21.4m). The project is a brownfield redevelopment opportunity in a prime Swedish logistics market in the Fosie […]
Octopus Renewables Infrastructure to buy offshore wind farm – Octopus Renewables Infrastructure (ORIT) has entered into an agreement to acquire a 7.75% ownership interest in the Lincs Offshore Wind Farm. Lincs, located off the east coast of England, has been operational since 2013 and benefits from the UK’s ROC regime, receiving 2 ROCs per megawatt […]
Henderson International Income reduces management fee and changes benchmark for better alignment – Henderson International Income (HINT) has posted its half-year results for the six months to 28 February 2022. During the period under review, the trust returned a NAV return of -0.5% and a share price return of 2%. HINT’s performance comparator has been […]
In QuotedData’s morning briefing 27 April 2022: Schroder UK Public Private (SUPP) holding BenevolentAI has completed its business combination with Odyssey Acquisition, a Euronext Amsterdam-listed investment company. Assuming sufficient secondary market liquidity, BenevolentAI will be valued using its unadjusted quoted price which will be reflected in the company’s daily indicative unaudited NAV per share as […]
In our recent note on Polar Capital Global Financials – Riding the storm – we noted that its managers had been adding to the trust’s holding of Schroders non voting shares. They reasoned that the shares were cheap on the basis that the discount between the Schroders non-voting and ordinary shares was around 40% – […]
Third Point Investors beat the MSCI World Index in NAV terms over 2021, returning 23.6% to the index’s 22.4%. Shareholders also benefitted from some discount narrowing that occurred in the wake of the actions taken by shareholders such as AVI Global over 2021. The return to shareholders was 31.1%. Buying back 3.1m shares in 2021 […]
NB Private Equity delivered an NAV return of 45.1% over 2021 helped by its underlying investments generating 27% sales growth and 28% growth in EBITDA. $401m wort of realisations were achieved from the portfolio. Shareholders made a whopping 65% return, helped by a narrowing discount, and have made 500% over the past 10 years, over […]
In QuotedData’s morning briefing 26 April 2022: NextEnergy Solar Fund (NESF) has selected North Norfolk solar farm as the site for its first co-located battery storage project. The existing 11MW solar farm will sit alongside a 6MW/12MWh battery system. Planning permission for the co-located battery system has been secured, with construction expected to commence on […]
The Master Investor Show is the UK’s leading event for private investors. The 2022 event, hosted on 19 March 2022 in London, featured presentations from renowned investment experts and corporations, as well as a wide variety of exhibiting companies covering all asset classes and services relevant to private investors. QuotedData joined the Master Investor Show […]
Urban Logistics REIT has bought a further £45m of assets as it continues to deploy the funds of its December 2021 fundraise. The company has acquired the East Midlands Logistics Hub for £40.7m at a net inital yield of 6.8%. The property consists of a 72-acre site with four logistics units totalling more than 670,000 […]
British Land has agreed a deal to sell a 75% stake in its Paddington Central assets to GIC for £694m. The transaction establishes a new joint venture with ownership split 75:25 for GIC and British Land respectively. The price paid is 1% below September 2021 book value and represents a net initial yield of 4.5%. […]
In QuotedData’s morning briefing 25 April 2022: Digital 9 Infrastructure (DGI9) has signed a sale and purchase agreement for the acquisition of Nordic data centre and cloud services provider, Ficolo Oy for a total consideration of €135m. The acquisition is expected to complete later this year following customary regulatory approval. It builds upon DGI9’s strong […]
It is no secret that the US is the biggest player in the technology space, with a market value of about $1.5trn compared to a global market value of around $5.2trn. The country is home to some of the biggest tech firms in the world and probably the next generation of them with almost 500,000 […]
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 covered the week’s top stories: • Aquila Energy Efficiency • Petershill Partners • NextEnergy Solar This week’s interview was with Viktor Szabó from abrdn Latin American Income Fund – watch […]
abrdn European Logistics Income has reported NAV total return in 2021 of 12.4%, as the European logistics sector continues to benefit from a supply-demand imbalance. The group’s NAV increased 7.5% to €1.29 per share, while it paid out dividends in the year of 5.64 euro cents. IFRS earnings were 15.4 euro cents per share for […]
In QuotedData’s morning briefing 22 April 2022: Asia Dragon (DGN) has published its interim results for the six months ended 28 February 2022. During the period, DGN delivered an NAV total return of -7.7% in sterling terms, outperforming the -8.1% fall in the benchmark, the MSCI AC Asia Pacific (ex Japan) Index (also in sterling […]
This morning, Pershing Square published the following letter to its investors. Dear Pershing Square Investor: Today, we sold our investment in Netflix, which we purchased earlier this year. The loss on our investment reduced the Pershing Square Funds’ year-to-date returns by four percentage points. Reflecting this loss, as of today’s close, the Pershing Square Funds […]
Schroder UK Public Private says that over the course of 2021, it generated an NAV total return of 37.4%. However, the share price rose by just 6.8%. The board is considering its options to narrow the discount, including using share buybacks. More cash is available to fund these now – gearing was cut over the […]
Invesco Perpetual UK Smaller Companies says that for the year ended 31 January 2022 the trust returned +18.8% in NAV terms, outperforming its benchmark index, the Numis Smaller Companies (excluding Investment Companies) Index, which returned +15.1%. Shareholders did even better, with a return for the year of 21.9%. That has reversed a little since – […]
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