EPE Special Opportunities results for the 12 months ended 31 January 2022 show its NAV increasing by a modest 4.1% and its share price by 14.0%, thanks to a narrower discount. Highlights within the portfolio: Luceco released its trading update for the year ended 31 December 2021 in January 2022, announcing strong revenue growth 36.0%. […]
Gore Street Energy Storage is holding a meeting of its shareholders on Monday 11, April 2022. Shareholders will be voting on proposed changes to the investment policy, and a proposed new initial issue and share issuance programme. The company intends to significantly increase the size of its portfolio and execute against its exclusive near-term pipeline […]
BioPharma Credit 2021 dividend uncovered by earnings – Over the course of 2021, BioPharma Credit generated an NAV return of 6.2% and a return to shareholders of 4.5% (as the discount widened slightly from 0.8% to 2.5%). Net income per share was 6.18 cents, meaning that the 7.29 cent per share dividend was not covered by […]
Over the course of 2021, European Assets generated a total return of 16.3% – ahead of the 14.9% return generated by the EMIX Smaller European Companies (ex UK) Index. Shareholders did even better as the discount narrowed by five percentage points. The return to shareholders was 23.2%. The dividend for 2022 (calculated at 6% of […]
On 21 March 2022, The Apax Digital Fund and Apax Digital Fund II, both of which are investments in Apax Global Alpha’s portfolio, announced an investment in ClearBank, one of the largest next-generation clearing and embedded banking platforms in the UK. On a look through basis, Apax Global Alpha is expected to invest about €5.4m. […]
Cordiant Digital Infrastructure has updated investors on its acquisition of Emitel, operational performance of CRA, sales progress at DataGryd, and an update on its pipeline. Emitel Emitel is a multi-asset digital infrastructure business based in Poland. It operates a network of communication towers, fibre-optics and a nationwide sensor network, serving major utilities. Cordiant Digital has […]
Harworth Group, the property developer and owner, reported a NAV total return for the year to December 2021 of 24.6% – a record for the company. EPRA net disposal value (NDV) was up a whopping 23.5% in the year to 197.6p per share, or £637.5m, due mainly to valuation gains at its industrial and logistics […]
In QuotedData’s morning briefing 22 March 2022: Schroder British Opportunities (SBO) – managed by Tim Creed and Rory Bateman (pictured) – says that it thinks its portfolio of UK companies with strong growth prospects is a differentiated offer with appeal to all investors who believe in the UK recovery story. It therefore intends to increase […]
Strategic Equity Capital tender taken up in full – Strategic Equity Capital has announced the final results of its tender offer, as described in the circular to shareholders dated 28 February 2022. A total of 41,095,966 shares (equivalent to 64.9% of the shares in issue as at 6.00 p.m. on 18 March 2022 – the […]
Gresham House sale of Rockwood sparks rethink of future – Gresham House, parent company of Rockwood Realisation’s former investment manager, has sold its entire roughly 23.7% interest in the company to a number of institutional investors, including Rockwood Realisation’s current investment manager, Harwood Capital. Harwood now owns 28.9% of Rockwood Realisation and Richard Staveley, who now […]
Greencoat Renewables looking for more money to fund attractive near-term opportunities – Greencoat Renewables (GRP) has announced a proposed placing by way of a non-pre-emptive issue at a Placing Price of €1.12, under its existing 400 million share issuance programme launched on 4 October 2021. The placing price represents a discount of 6.7% to the […]
Continued recovery sees JPMorgan US Smaller Companies outperform – JPMorgan US Smaller Companies (JUSC) has published its final results for the year to 31 December 2021. The company’s total return on net assets over the year was +17.7% which compares favourably with the increase of 15.7% in its benchmark, the Russell 2000 index in sterling […]
VH Global Sustainable Energy Opportunities off to a strong start in first final results – VH Global Sustainable Energy Opportunities (GSEO) has posted its annual results for the period from incorporation in October 2020 to 31 December 2021. This was the company’s first financial period. Following incorporation on 30 October 2020, the company commenced operations […]
Investors are coming round to a ‘resilient India’ says India Capital Growth manager – India Capital Growth (IGC) has published its final results for the year to 31 December 2021. During this time, it reported an NAV increase of 37.9% and a share price increased of 42.7%. However, the company’s NAV underperformed its benchmark, the […]
In QuotedData’s morning briefing 21 March 2022: Further to the announcement on 8 February 2022 in relation to the proposed merger of TwentyFour Income Fund Limited (TFIF) and UK Mortgages Limited (UKML), the board of UKML has announced that the special resolutions proposed at its EGM last week were approved and that liquidators have been […]
Not only is it Spring – nice sunny days, great for solar funds – it is also results season. Funds with calendar year ends have started publishing their annual figures. One of these is AVI Japan Opportunities (AJOT). The prospect of interest rate rises has been overshadowing markets. This week, we finally saw the US […]
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: • Fundsmith Emerging Equities • Renewables Infrastructure • Raven Property This week’s interview was with Tom Moore and Henrik Dahlström of Downing Renewables Infrastructure. – […]
Symphony International Holdings (SIHL) has released its preliminary results for the year ended 31 December 2021. During the period, SIHL’s NAV increased by 28.94%. The chairman, Georges Gagnebin, says that the improved operating environment particularly benefited SIHL’s investments in the hospitality, healthcare, and lifestyle sectors while ongoing disruptions to supply chains facilitated stronger margins in […]
Fidelity European (FEV) has announced its annual results for the year ended 31 December 2021. During the period, FEV’s NAV increased by 23.5%, which it says outperformed its World Europe (ex UK) benchmark index, which returned 17.4%. The discount widened over the course of the year but has narrowed in recent months. Reflecting this, FEV […]
Dunedin Enterprise (DNE) has announced its annual results for the year ended 31 December 2021. The trust, which is in wind-up, had realisations of £38.5m during the year and returned £26m via a tender offer in November 2021 (27.4% of the issued share capital at a 1.2% discount to the net asset value). Its share […]
In QuotedData’s morning briefing 18 March 2022: NB Private Equity has announced that it has been informed by its Registrar, Link Group, that the Company’s dividend payment for shareholders who elected to receive a Sterling dividend on 28 February 2022 was incorrectly processed due to an administrative error. Reflecting this, Link Group will be distributing a […]
The board of Raven Property Group, the owner of warehouses in Russia, has proposed a de-listing of its shares after the war in Ukraine and subsequent sanctions on Russia “have made it impracticable for the business to continue in its current form”. The board has entered into an arrangement to allow it to divest itself […]
Renewables Infrastructure raising cash to invest in Hornsea One – The Renewables Infrastructure Group has exchanged contracts to acquire a 7.8% equity interest in the Hornsea One offshore wind farm in the UK from Global Infrastructure Partners. Following completion of the transaction, which is expected to take place at the end of H1 2022, Hornsea […]
Digital 9 makes a good start – Digital 9 Infrastructure has published its first set of results since its IPO in March 2021. It raised £300m then and expanded that by a further £450m over the course of the year. The year end NAV was 104.6p. The company also declared dividends totalling 4.5p (6p annualised), in […]
2021 was a good year for AVI Japan Opportunity – AVI Japan Opportunity Trust generated a NAV return of +12.3% and a return to shareholders of 10.0%, well ahead of its benchmark the MSCI Japan Small Cap Index, which returned -1.4%. Those numbers would have been higher were it not for a 9.6% fall in […]
In QuotedData’s morning briefing 17 March 2022: Gulf Investment has published details of the 100% tender offer that it promised investors late last year. Shareholders will need to be on the share register at 5:30pm on 21 March and tender forms must be submitted by 1pm on 31 March. The fund will be valued as […]
CLS Holdings, the office landlord with assets in Germany, France and the UK, has posted a 1.5% uplift in NAV in full year results to the end of December 2021. Highlights EPRA net tangible assets (NTA) up 1.5% – primarily due to EPRA earnings and portfolio valuation gains, which were offset by foreign exchange losses […]
Fundsmith Emerging Equities benefits from India exposure but returns remain lacklustre – Fundsmith Emerging Equities (FEET) has posted its final results for the 12 months to 31 December 2021. During the period under review, the trust’s NAV per share total return was 3.8% compared to a fall of 1.4% in the Emerging and Frontier Markets […]
Tough year for Baillie Gifford Shin Nippon as ‘favourable environment stalled’ – Baillie Gifford Shin Nippon has published its full year results for the 12 months to 31 January 2022, during which time its NAV increased by 10.9% while its share price returned only 1.9%. This compares with a 10.4% increase from its comparative index […]
Witan more than doubles last year’s dividend thanks to revenue reserves – Witan (WTAN) has posted its final results for the year to 31 December 2021. During the period, the trust’s NAV increased by 15.8% while its share price total return was 11.9%. NAV uplift from share buybacks offset the majority of the company’s ongoing […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated
