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 – […]
Menhaden Resource Efficiency reports an NAV return for 2021 of 17.3% and a share price return of 13.0%. The discount widened to 28%, but the board is resisting share buybacks and instead hopes to narrow this by marketing the trust. There is a 0.2p dividend, enough to satisfy the minimum requirement to maintain investment trust […]
Warehouse REIT has exchanged contracts to acquire an industrial estate in Milton Keynes for £62m, reflecting a net initial yield of 4%. The multi-let Bradwell Abbey Industrial Estate totals 335,000 sq ft across 69 units and is located just off the A5, and close to the M1 motorway. The estate is currently 96% let to […]
RM Infrastructure Income’s results for 2021 show an NAV total return for the year of 7.6% and a return to shareholders of 16.7%. Dividends for the year totalled 6.5p. The overall portfolio size remained largely unchanged during the year, closing at £130.8m across 34 loans and one wholly owned asset. Eight new loans were made […]
NB Global Monthly Income Fund has published results for the year ended 31 December 2021. Over the year, the share price total return was 14.1% and the NAV total return 5.9%. As of 31 December 2021, the portfolio’s gross yield was 6.3%, and the gross yield to maturity was 6.6%. A monthly dividend of 0.39p was paid […]
Aquila Energy Efficiency wants to push on – the company has concluded its strategic review and the board has decided that “whilst certain changes are required to enable the investment adviser to execute on the company’s investment strategy, the market opportunity for energy efficiency investments located in Europe remains attractive, particularly in the context of […]
In QuotedData’s morning briefing 21 April 2022 the news is dominated by annual results, but we also have: An unusual advance on the sale proceeds of Infrastructure India’s (IIP) wind farm assets – the buyer AVSR Constructions is supposed to pay INR 550m (approximately £5.5m), but the seller is yet to satisfy all the conditions […]
Good maiden results for Petershill Partners – Petershill Partners (PHLL) has posted its maiden final results for the period from 24 March 2021 to 31 December 2021. The company raised $720m (net of share issue costs) at its IPO last year and the board has announced plans to launch a share buyback programme of up […]
In QuotedData’s morning briefing 20 April 2022: abrdn China has entered into a £15m unsecured multicurrency revolving loan facility with Industrial and Commercial Bank of China, London Branch for a two year period. The facility will be utilised for general working capital purposes and for the acquisition of new investments. Under the terms of the […]
BMO Commercial Property Trust will change its name to Balanced Commercial Property Trust following the sale of its manager’s business from Bank of Montreal (BMO) to Ameriprise Financial, parent company of Columbia Threadneedle. The announcement was made in the group’s annual results where it delivered a net asset value (NAV) total return for 2021 of […]
Ecofin US Renewables has published its first set of results which cover the period from when it was incorporated on 12 August 2020 through its listing on 22 December 2020 and up to the end of December 2021. Since IPO, the trust has returned 2.8% in NAV terms and 0.8% in share price terms. The […]
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