India Capital Growth, the best performer in its sector over three and five years, is giving shareholders the chance to sell their shares on a narrow discount. India Capital Growth (IGC) has announced that at its third two-yearly redemption point on 28 November shareholders will be able to sell all their shares at 3% below […]
Student accommodation provider Unite reiterates its annual earnings target despite a slowdown in bookings, Schroder British Opportunities invests in insurance broker JMG and Cuban property fund Ceiba pays money owed to Aberdeen, its former asset manager, and holders of its convertible bonds.
Investment company M&A and corporate activity hit a new high in the first half of the year with 17 mergers, acquisitions and liquidations, says Association of Investment Companies. The winds of change are clearly blowing hard in the UK investment companies’ sector but what is the correct meteorological term to describe the rapid pace of […]
Vietnam can get back to concentrating on the strong fundamentals of its economy, say fund managers Dragon Capital and VinaCapital, after Hanoi and Washington agreed a draft trade deal last week. Hanoi’s draft trade deal with the US last week has reassured leading investors in Vietnam that the impact of tariffs will be less than […]
After a disappointing year, Oryx International fund manager and small company activist pins hope on UK revival continuing in response to Trump turmoil. Oryx International Group (OIG), the £169m global smaller companies trust run by activist Chris Mills, has reported a “disappointing” 2.4% drop in assets for the year to 31 March but is encouraged […]
PHP excited by ‘compelling’ outlook for real estate as the investment trust seeks to clinch a takeover of rival Assura. Primary Health Properties (PHP) has reported positive half-year results, saying it is excited about the ‘compelling’ outlook as the real estate investment trust seeks to clinch a takeover of rival Assura (AGR) that would boost […]
In QuotedData’s morning roundup we have: Partners Group Private Equity reporting a monthly gain, Aurora UK Alpha appoints ex-Fidelity executive Alex Denny to the board and Ceiba, the highly discounted Cuban property investment company, recruits three non-execs to its board.
At the beginning of this year, we once again challenged our analysts to come up with some ideas for investment companies that they liked, and thought could do well over the course of this year. Click here to read the original article which set out our analysts’ thinking and why they liked the stocks. We […]
Emerging market nations and companies are reshaping the global economy, and a convergence of powerful, long-term trends is accelerating this shift. Discover standout growth companies positioned to capitalise on this transformation and how you can benefit. Baillie Gifford’s Andrew Keiller explains. Capital at risk.
3i Infrastructure (3IN) has made a good start to its financial year with the shares recovering from the April squall caused by Donald Trump’s tariffs. For the first quarter to 30 June, 3IN said its portfolio companies were either performing in line with or above expectations and generated total income and non-income cash of £63m. […]
In QuotedData’s morning 4 July 2025: Nick Train now has almost a 4% stake in FGT, Empiric is giving Unite more time to finalise its bid. JEMA’s court cases in Russia have been postponed again. We also have: Did you see from yesterday?
The former Woodford Patient Capital Trust is winding down and returning £37m to its long-suffering shareholders in a ‘tender offer’ this month. Should they sell some, all or none of their shares? The situation is not straightforward as, despite its historic problems, the investment trust has backed some valuable companies under its current managers at […]
Gresham House Energy Storage has signed long-term floor-pricing agreements with Statkraft Markets and Markel Bermuda. Both counterparties are part of corporate groups with investment-grade status. These agreements supplement the existing two-year tolling agreements with Octopus Energy over 568MW of the trust’s capacity, and will significantly increase GRID’s long-term contracted revenues over the next ten years. […]
Seraphim Space has published its newsletter for June 2025. Portfolio update Voyager Technologies achieves milestone with NYSE IPO debut Voyager Technologies made a strong debut on the New York Stock Exchange, opening at $69.75 (more than double its $31 IPO price), before closing day one at $56.48, marking an 82.2% surge and a valuation of […]
The board of Murray Income has decided to launch a strategic review of the company. It says that it is looking at the “options available to the company in the pursuit of delivering improved performance and returns for its shareholders, whilst continuing to provide an attractive yield from a portfolio predominantly focused on UK equities”. […]
In QuotedData’s morning briefing 3 July 2025: JPMorgan Global Growth and Income dividend to rise. Crystal Amber’s Morphic Medical gets EU approval. We also have: Did you see from yesterday?
Monks Investment Trust has published results covering the 12 months ended 30 April 2025. The trust was doing reasonably well ahead of ‘Liberation Day’ in early April. However, it was caught up in the resulting sell off and finished the year with an NAV return of just 0.1%. The discount widened from 8.5% to 10.1%, […]
Baker Steel says Polar Acquisition (which it has a 49.99% stake in) is selling its net smelter royalty related to the Prognoz silver project. The sale is for $11m in cash. Baker Steel’s look through share of that is $5.16m, which should arrive in Q3. The value of the royalty in the end May NAV […]
Schroder BSC Social Impact is considering its future after becoming frustrated with an inability to expand. The trust was launched in 2020 but a wide discount has prevented it from issuing more shares. The board says all strategic options to enhance value for the company’s shareholders are being considered, which could include a managed wind […]
In QuotedData’s morning briefing 2 July 2025: Diverse Income issued a reminder about its upcoming redemption opportunity. NB Distressed Debt’s chairman only just survived re-election. That seems to have spurred the trust into accelerating the trust’s liquidation. BioPharma Credit gets a bonus as another loan is repaid early. TR Property is going to broadcast its […]
Maven Renovar VCT’s board says it has received a letter from Paul Jourdan, shareholder and former manager of the portfolio, and a group of other shareholders seeking to convene a general meeting of the company to consider ordinary resolutions to remove the current board and appoint four replacement directors, including Paul Jourdan, in their place. […]
Secures NAV uplift from sale of vLex and adds to portfolio of lifestyle brands sale of vLex Oakley Capital Investments says legaltech platform vLex has been sold to Clio. The effect of the deal is to add 25p to the trust’s NAV or about 4% on the 31 March 2025 NAV. The trust’s share of […]
The NAV total return for Augmentum Fintech over the 12 months ended 31 March 2025 was -3.5%. The discount widened from 40.0% to 47.4%, leaving shareholders with a return of -15.4%. The chairman feels that it was a frustrating year. He says “our portfolio continues to deliver impressive operating performance, we have made two exciting […]
Geiger Counter’s interim results, covering the six-month period that ended on 31 March 2025, were published late yesterday. The NAV fell by 37.5% to 33.71p but, as the discount closed, the share price fell by 24.5%. During the period, the trust repurchased 7,989,430 shares at a cost of £3.9m. Since the end of March, a […]
CQS Natural Resources Growth and Income has survived its 100% tender offer. 29,334,059 shares (45.72% of the shares in issue) were tendered. A slice of the trust’s portfolio equating to 45.72% of its assets has been transferred into a ‘tender pool’. These assets will be liquidated and the cash handed back to the tendering shareholders. […]
In QuotedData’s morning briefing 1 July 2025: Golden Prospect appears to have struck a deal with Saba. Schroder Income Growth has lost one of its managers, Vinacapital Vietnam’s manager has increased its stake in the company. Crystal Amber is launching a £2.5m buyback. JPMorgan Core Real Assets has published its annual results [but these relate […]
River Global has announced that it has entered into heads of terms to acquire Devon Equity Management, the boutique European equities manager currently running around £835m of assets. The deal, valued at up to £2.46m, will be paid entirely in River Global A Ordinary Shares, with 16.67m shares issued initially at 6p per share and […]
Pantheon Infrastructure (PINT) has published its third annual Sustainability Report, covering the year to December 2024. PINT, which provides shareholders with exposure to a global portfolio of resilient infrastructure co-investments, says it continues to build on its sustainability credentials, aiming to integrate best-practice ESG factors across its investment processes. The trust, which is listed on […]
In QuotedData’s morning briefing 30 June 2025, European Opportunities Trust’s manager – Devon Equity Management – has agreed terms to be acquired by River Global; Majedie’s investment manager, Marylebone Partners LLP, is in discussions to join Brown Advisory and we have interim results from both Schroder UK Mid Cap and Henderson European. We also have: […]
In a year already overloaded with geopolitical shocks and economic recalibrations, it would be easy to miss the quieter – but no less meaningful – developments taking place within the UK’s investment trust market. While headlines may have fixated on activist campaigns and takeover bids, a number of trusts have quietly outperformed or innovated in […]
