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Investment Companies News

Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).

07 Mar 2022

Good start for Downing Renewables & Infrastructure

Good start for Downing Renewables & Infrastructure – Downing Renewables & Infrastructure (DORE) has announced its results for the period from 8 October 2020 to 31 December 2021. During the period under review, its NAV was up 5.5 pence per ordinary share at a total return of 7.9% while the share price total return was […]

07 Mar 2022
BlackRock Energy and Resources Income BERI

QuotedData’s morning briefing 7 March 2022

In QuotedData’s morning briefing 7 March 2022: In light of the Russian invasion of Ukraine, BlackRock on Monday, 28 February 2022, suspended the purchase of all Russian securities in its active and index funds. The boards of BlackRock World Mining (BRWM) and BlackRock Energy & Resources Income (BERI) confirm that the manager (BlackRock Fund Managers) […]

Sectors
Companies
04 Mar 2022

QD view – Feeling resourceful?

I started writing this article a week ago – the day before Russia launched its invasion of Ukraine. With the events unfolding in Eastern Europe and a harsh increase in sanctions a foregone conclusion, I pressed pause on looking at the commodities and natural resources sector to focus on the immediate impact on trusts with […]

Sectors
Companies
04 Mar 2022

QuotedData’s weekly news show 4th March 2022

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, Richard Williams and Andrew McHattie covered the week’s top stories: • JPMorgan Russian • Cordiant Global Agricultural Income • Workspace/McKay Securities This week’s interview was with Thomas Moore of Aberdeen […]

Sectors
Companies
04 Mar 2022

Barings Emerging EMEA Opportunities updates on Russian exposure

Barings Emerging EMEA Opportunities (BEMO) has announced that its board has further refined the fair value of all the remaining Russian investments held in BEMO’s portfolio in line with the evolving market situation. In calculating BEMO’s NAV as at 2 March 2022, the Board has reassessed its policy announced on 1 March 2022 to mark […]

Sectors
04 Mar 2022

“Disappointing” results from Murray International

Murray International (MYI) has published its annual results for the year ended 31 December 2021. During the period, MYI provided NAV and share price total returns of 14.1% and 7.2% respectively. The difference between the two reflecting a widening of the discount during the period. In comparison, MYI says that the UK Retail Price Index […]

Sectors
04 Mar 2022

QuotedData’s morning briefing 4 March 2022

In QuotedData’s morning briefing 4 March 2022: Fidelity International has announced that it is pulling the plug on investment in Russia and Belarus. Its statement reads as follows: Given the seriousness of events in Ukraine, Fidelity International has decided that it will not be investing in Russia and Belarus for the forseeable future. As such, […]

Sectors
Companies
03 Mar 2022

Developments paying dividends for Tritax Big Box REIT

Tritax Big Box REIT’s development programme turbo-charged returns for the year to 31 December 2021. The group posted impressive gains in earnings, portfolio valuation uplifts and profit in the year. NAV total return for the year was a whopping 30.5%. Adjusted earnings per share was up 14.8% to 8.23p, while the group upped its dividend […]

Sectors
03 Mar 2022

HydrogenOne buys Norwegian hydrogen supply project

HydrogenOne is investing £3.3m (NOK40m) in Gen2 Energy AS as part of a funding round expected to total at least NOK140m. With this purchase of a minority equity stake, HydrogenOne has the right to a board seat at Gen2, and the potential to co-invest in Gen2’s projects. Gen2 was established in 2019, with the ambition to […]

03 Mar 2022

Schroder UK Public Private backs Epsilogen

Schroder UK Public Private backs Epsilogen – Schroder UK Public Private Trust has made a £3.0m investment in a leading immunoglobulin E (“IgE”) antibodies developer, Epsilogen, as part of that company’s £30.75m Series B funding round. The funding round was led by a new investor, Novartis Venture Fund, and joined by new investors 3B Future […]

Sectors
03 Mar 2022

QuotedData’s morning briefing 3 March 2022

In QuotedData’s morning briefing 3 March 2022: MSCI has decided to remove Russian securities from its indices. MSCI Russia Indexes will be reclassified from Emerging Markets to Standalone Markets status. The reclassification decision will be implemented in one step across all MSCI Indexes, including standard, custom and derived indexes, at a price that is effectively […]

02 Mar 2022

Logistics “can be safe haven” for investors

The logistics property sector can be a safe haven for investors in the face of the uncertainty caused by the war in Ukraine. That was the assessment made by an expert panel at the first leg of QuotedData’s Round the World webinar series focused on Europe. Russia’s invasion of Ukraine has seen heightened market volatility […]

Sectors
02 Mar 2022
Pollen Street Secured PSSL

80p dividend for Honeycomb shareholders ahead of merger

80p dividend for Honeycomb shareholders ahead of merger – Honeycomb (HONY) has posted its full-year results for the 12 months to 31 December 2021. During the period its dividend yield remained at 8% while its NAV returned 8.5%. The group maintained its track record of investment performance with earnings of £30.3m and the portfolio remains stable, […]

Sectors
02 Mar 2022

Cordiant Global Agricultural Income targets $300m in new IPO

Cordiant Global Agricultural Income targets $300m in new IPO – A new trust, Cordiant Global Agricultural Income, which aims to seek an attractive yield, with potential capital growth, by providing secured medium-term finance to the global agricultural sector, has announced its intention to float. The company will seek to promote more sustainable crop production and […]

Sectors
02 Mar 2022

QuotedData’s morning briefing 2 March 2022

In QuotedData’s morning briefing 2 March 2022: Apax Global Alpha (APAX) has posted its full-year results for the 12 months to 31 December 2021. During the period, its NAV return was 28.7% while a dividend of 12.33p per share was declared for the full year 2021, in line with the stated dividend policy of distributing […]

01 Mar 2022

JPMorgan Russian loses another director as trusts discuss sanctions impact

JPMorgan Russian loses another director – Ashley Dunster is standing down as a director of JPMorgan Russian with immediate effect. This follows close on from Tamara Sakovska’s decision to resign from the board on 24 February 2022. Ashley had been a director of the trust since November 2019. He was CIO of Capital Group’s private […]

Sectors
01 Mar 2022

Russia to be expelled from MSCI Emerging Index?

Russia to be expelled from MSCI Emerging Index? Yesterday, after Russia blocked foreigners from selling Russian shares and exchanges around the world started to announce that they would suspend dealing in Russian shares, a thought occurred to us: did this break MSCI’s liquidity rules that govern the inclusion of stocks in their indices? We emailed […]

Sectors
01 Mar 2022

RIT Capital discount widens despite great 2021

RIT Capital Partners says that its NAV ended 2021 at 2,794 pence, representing a total return for the year (including dividends) of 23.6%. At the same time its share price closed at 2,750 pence, providing a total return to shareholders of 35.1% – the strongest shareholder return the company has delivered over the past 20 […]

Sectors
01 Mar 2022

QuotedData’s morning briefing 1 March 2022

In QuotedData’s morning briefing 1 March 2022: ICG Enterprise Trust  is investing about £13m in Newton Industrial Consultants. The investment is being led by ICG Europe Mid-Market Fund I. ICGT will invest as a limited partner in the fund and also through a direct investment. Newton is a market-leading and fast-growing consulting firm, with a […]

28 Feb 2022

Gresham House Energy Storage – auction bakes in NAV uplift

Gresham House Energy Storage – auction bakes in NAV uplift The National Grid’s recent T-1 and T-4 Capacity Market auctions took place on 15 and 22 February. These both cleared at record prices. These relate to contract start dates occurring one and four years respectively after the most recent 1st of October, in these instances […]

28 Feb 2022

Greencoat Renewables power output 16% below budget

Greencoat Renewables power output 16% below budget – Greencoat Renewables has announced its results for the year ended 31 December 2021. On the plus side: The portfolio increased to 25 assets with a net generating capacity of 800MW (2020: 557MW). Geographic and technology diversification including acquisition of 4 wind farms, including first operational wind farm […]

28 Feb 2022
BB Healthcare announces result of issue Dr Daniel Koller to step back from BB Healthcare

BB Healthcare managers reflect on the two key debates in the healthcare space

BB Healthcare managers reflect on the two key debates in the healthcare space – BB Healthcare (BBH) has published its final results for the year to 30 November 2021. During the period under review, its share price total return was 22.5% while its NAV total return was 24.6%, compared with a 10.3% return from its […]

Sectors
28 Feb 2022
QD view - Is property still a good hedge against inflation?

Inflation a ‘major danger’ warns CQS New City High Yield’s Franco

Inflation a ‘major danger’ warns CQS New City High Yield’s Franco – CQS New City High Yield (NCYF) has posted its interim results for the six months to 31 December 2021, during which time it achieved an NAV total return of 5.5% and a share price total return of 5.64%. The company declared two dividends […]

Sectors
28 Feb 2022

Polar Capital Global Financials raises £16.6m

Polar Capital Global Financials raises £16.6m – Polar Capital Global Financials (PCFT) has has raised gross proceeds of £16.6m through the issue of 9,905,427 new ordinary shares at  167.75 pence per new ordinary share. This represents a premium of 1.5% to the unaudited net asset value, including current year income, per share as at close […]

Sectors
28 Feb 2022

QuotedData’s morning briefing 28 February 2022

In QuotedData’s morning briefing 28 February 2022: European Opportunities (JEO) has posted its interim results for the six months to 30 November 2021, during which time its NAV (with dividends reinvested) increased by 12.8% while its share price (with dividends reinvested) increased by 9.9%. This compares with a return of 3.8% from the MSCI Europe […]

Sectors
Companies
25 Feb 2022

QuotedData’s weekly news show 25th February 2022

Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • Digital 9 Infrastructure – SPA terminated • Crystal Amber and Allied Minds • Bluefield Solar – strong inflation linkage • Jupiter Emerging & Frontier […]

Sectors
Companies
25 Feb 2022

Law Debenture set for another year of dividend growth

Law Debenture (LWDB) has released its annual results for the year ended 31 December 2021, during which it provided an NAV total return with debt and its Independent Professional Services business (IPS) at fair value for 2021 of 25.1%, outperforming the All-Share Index by 6.8%. LWDB says that it was another year of strong performance […]

25 Feb 2022
Mobius Investment Trust MMIT

Strong performance from Mobius despite emerging market volatility

Mobius Investment Trust (MMIT) has announced its annual results for the year ended 30 November 2021, during which it provided NAV and share price returns of 44.9% and 50.0% respectively. The chairman, Maria Luisa Cicognani, comments that Emerging markets continued to show volatility in performance with the MSCI EM index returning just over 1% during […]

Sectors
25 Feb 2022

Alliance Trust confident of extending its 55-year track record of increasing dividends

Alliance Trust (ATST) has announced its annual results for the year ended 31 December 2021. During the period, ATST provided an NAV total return of 18.6% and a share price total return of 16.5%. In comparison, its benchmark returned 19.6%. ATST says that its performance in the year was significantly ahead of its benchmark until […]

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