HydrogenOne looking for more money – HydrogenOne Capital Growth launched in July 2021, raising £107m. It is excited about progress in the development of its sector. It highlights policies such as the phase out of diesel in UK heavy goods vehicles by 2035-40 as one of many similar policy shifts that further support the hydrogen […]
Infrastructure India gets two more months – Infrastructure India says that, since it announced in its interim results that forecasts indicated that the company did not have sufficient cash reserves to meet creditors as they fall due beyond January 2022, it has agreed with certain creditors that they will withhold demanding payment for invoices falling […]
In QuotedData’s morning briefing 13 January 2022: Polar Capital Technology (PCT) is cutting its management fee from 1 May 2022. The tiering of the base fee has been simplified and lower rates agreed. The impact of this change is to reduce the blended ongoing management fee at current asset levels from 0.81% to 0.75%. The […]
Abrdn European Logistics Income (ASLI) has launched a placing under its share issuance programme to fund its near-term €142m pipeline of investments. The group, which has recently deployed the £125m it raised in September 2021 on the acquisition of a logistics portfolio in Madrid, said the placing price will be 110 pence per share, a […]
JLEN Environmental Assets launches placing to pay off loan and fund new pipeline – JLEN Environmental Assets Group is proposing to undertake a placing and offer for subscription for up to 60,139,202 new ordinary shares in the company of no par value at 101 pence per new ordinary share. The company is currently £109.8m drawn […]
In QuotedData’s morning briefing 12 January 2022: ICG Longbow Senior Secured UK Property Debt Investments (LBOW) has received repayment in full of the £16.2m GMG loan, following a sale of the underlying property. The repayment is accompanied by interest and exit fees of approximately £800,000 in aggregate. The board is consequently pleased to announce that […]
LondonMetric Property has acquired a long let cold storage and logistics warehouse development for £53.4m. The 300,000 sq ft building is pre-let on a 25 year lease to AM FRESH GROUP, an international agri-tech company that supplies the majority of UK supermarkets with a range of items including fruits, plant-based fresh goods and flowers. The rent […]
In QuotedData’s morning briefing 11 January 2022: The redemption price for investors that asked to redeem their India Capital Growth (IGC) shares will be 126.2613p per share. Payment is expected on or before 21 January 2022. Dunedin Income & Growth (DIG) says that Samantha Brownlee and Rebecca Maclean, both investment directors and senior members of […]
Marwyn vehicle circles M&C Saatchi – AdvancedAdvT Limited announced on Friday that, following its acquisition of 12,000,000 ordinary shares in M&C Saatchi (about 9.82% of that company), it has confirmed that it is interested in exploring a share exchange merger between AdvT and M&C. There is no certainty that any formal offer for M&C will […]
Electra Private Equity to rebrand as Unbound Group and relist on AIM – The board of Electra Private Equity (ELTA) has confirmed plans to rebrand as Unbound Group, an online multi-brand retail platform supporting the lifestyles of the 55 plus age demographic, and be relisted on AIM with effect from 31 January 2022. Electra shareholders […]
Jupiter Emerging & Frontier Income plans to amend redemption facility – Jupiter Emerging & Frontier Income (JEFI) has announced that it intends to convene a general meeting of the company to propose to amend the redemption facility so that it is offered every three years, next to occur in June 2024; and that the maximum […]
JLEN Environmental Assets makes first divestment – JLEN Environmental Assets has reached an agreement for the sale of its two French onshore wind farms, Parc Éolien Le Placis Vert and Energie Eolienne de Plouguernevel to Volta Developpement, for a total consideration of €5.9m. This is in-line with the valuation as at 30 September 2021 although […]
In QuotedData’s morning briefing 10 January 2022: Following its decision to terminate its investment management arrangement with KKV Investment Management, Secured Income Fund (SSIF) is now a self managed AIFM. The company has entered into a consultancy agreement to secure the services of one of the individuals previously employed by KKVIM and who has the […]
Thriving in good times and bad, The Baillie Gifford Japan Trust has come a long way since its 1981 foundation. But what might the future have in store? Manager Matthew Brett offers six predictions. “We need to focus on identifying as many big winners as we can. Given the acceleration of technological progress, this will […]
With the rise in the cost of living dominating investment thoughts for 2022, what will be the likely impact on consumer spending habits and the funds that could benefit? Energy bills soaring and inflation at 5.1%, combined with a tax hike this year, means less money in the pocket and less spend at the tills. […]
Staude Capital’s Global Value Fund has published an open letter to the ordinary shareholders of Third Point Investors Limited, which has been reproduced below. 7 January 2022 Dear Fellow Ordinary Shareholders of Third Point Investors Limited (‘TPIL or the ‘Company’), A Christmas pantomime It was a piece of spin to put a smile […]
Schroder British Opportunities (SBO) has announced that one of its private equity investments, Waterlogic Group Holdings, has agreed to combine with Culligan International to create a leader in sustainable drinking water solutions and services. The transaction is expected to close in the second half of 2022, subject to receipt of regulatory approvals and the satisfaction […]
In QuotedData’s morning briefing 7 January 2022: Supermarket Income REIT (SUPR) has announced that Sainsbury’s has exercised its purchase option to acquire eight stores within a 26-asset portfolio owned in partnership by SUPR, British Airways Pension Trustees Limited and Sainsbury’s. Sainsbury’s acquisition of the eight stores will be completed in July 2023 upon expiry of […]
NextEnergy Solar Fund has signed its first co-investment transaction in connection with NextPower III ESG. It is buying a 25% stake in a Spanish 50MW utility scale solar project currently under construction in Cádiz, Spain – called Agenor. Energisation of the project is expected to take place in the first half of 2022. In June […]
ProcessMAP Corporation is an environmental, health and safety (EHS) software platform provider. Hg, the firm behind Hg Capital Trust has agreed to make a significant investment in the business with the aim of accelerating ProcessMAP’s growth and expansion, and help solidify the company’s position as a global leader in the EHS software sector. HgCapital Trust […]
In QuotedData’s morning briefing 6 January 2022: Aberdeen Standard European Logistics Income has changed its name to abrdn European Logistics Income with effect from 5 January. The ticker will still be ASLI. We also have news of a couple of new investments by Hg Capital and NextEnergy Solar
Irish Residential Properties REIT (IRES) has acquired 152 residential units in Dublin for €66m, which will be funded from existing credit facilities. The acquisitions include completed apartments as well as a forward commitment to purchase a new development currently under construction in Ashbrook, Clontarf, Dublin 3. Completed apartments (108 apartments) The company has exchanged contracts to […]
Supermarket Income REIT has continued its acquisition push following its recent equity raise with the purchase of two supermarkets – a Sainsbury’s in Washington, Tyne and Wear, and an Asda in Cwmbran, South Wales – for £55.1m, reflecting a combined net initial yield of 5.3%. The company has also announced an increase to its revolving […]
Cordiant Digital Infrastructure invests last of C share proceeds and announces new placing – The board of Cordiant Digital Infrastructure (CORD) has announced that, following the full allocation of available capital to the acquisitions of Emitel and the assets of DataGryd Datacenters (described below), the net proceeds of the C share issue undertaken in June […]
In QuotedData’s morning briefing 5 January 2022: Round Hill Music Royalty (RHM) has acquired a significant share of the master artist royalties and entered into a long-term agreement to administer the neighbouring rights income of the catalogue of Nancy Wilson, of the band Heart. The catalogue includes the number one hit “These Dreams” that was […]
Swiss investment company BB Biotech (SWX:BION) closed 2021 with its shares trading at CHF77.15, a rise by 8.3% over the year. However, the positive stock performance contrasts with an 11.4% fall in its NAV to CHF59.4/share in 2021, which was adversely affected by the severe bear market for biotech – and particularly its small to […]
In QuotedData’s morning briefing 4 January 2022: Foresight Solar Fund (FSFL) has taken its holdings in the Oakey 1 (30 MW) and Longreach (17 MW) solar farms in Queensland, Australia up to 100%. The fund bought a 49% stake in each farm in December 2017 and has acquired the remaining 51% in each from Canadian […]
Round Hill spending spree continues – Round Hill Music has announced a couple of new investments – making it three in three days. The Richardsons The fund has bought 100% of a catalogue of 308 tracks from the Richardsons, Jack and his son Garth, made up of producer royalties and neighbouring rights income. Garth Richardson […]
In QuotedData’s morning briefing 31 December 2021: International Biotechnology Trust (IBT) will invest in SV Health Investors (the manager)’s forthcoming biotechnology focused private fund, SV Biotech Crossover Opportunities Fund LP. The trust tries to keep its exposure to unquoted stocks between 5% and 15% of its portfolio. Murray International (MYI) says that, with effect from […]
In QuotedData’s morning briefing 30 December 2021: Secure Income REIT (SIR) is paying £33.45m in cash to Merlin Entertainments Limited, and in exchange Merlin has agreed it will extend the lease terms in respect of Alton Towers, Thorpe Park, Warwick Castle and Heide Park, Germany by 35 years, from 20.5 years currently, to 55.5 years […]
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