Tritax EuroBox (EBOX) has successfully exchanged contracts for the sale of its warehouse asset in Hammersbach, Germany for a price of €64.6 million to a leading pan-European real estate investment manager. The sale price is broadly in line with the valuation as at 31 March 2023. The 43,153 sqm prime logistics property in Hammersbach, Germany was acquired […]
Vietnam Enterprise Investments (VEIL) announced an update for Q2. NAV increased 4.6% over the period against a rise of 5.2% for its reference index, the Vietnam Index. In H1 2023, VEIL’s NAV increased 10.3% against a rise of 12.2% for the VNI. All in total return US dollar terms. Alternative Income REIT (AIRE) announced that it […]
The Diverse Income Trust (DIVI) released its annual results for the year ending 31 May 2023. NAV total return was -16.2% compared with a decrease in the Numis All-Share Index of -0.4%. The company paid 4.05p of ordinary dividends for the year, compared with 3.90p in the previous year, an increase of 3.8%. The share […]
Round Hill Music (RHM) announced that it has acquired the remaining share of the catalogue of music publishing rights of Big Loud Shirt Industries. The company also acquired 50% of the income streams from Craig Wiseman, the multi award-winning country music songwriter and producer who is also the founder and owner of Big Loud Shirt, […]
HydrogenOne Capital Growth (HGEN) has just completed its Q2 investors’ update, in advance of its forthcoming interim results. The general tone of the update is one of positivity, as HGEN’s holdings begin to deliver strong revenue growth as the trust starts to mature. HGEN generated a NAV growth of 4% year on year, and 0.4% […]
Aquila European Renewables published its end June factsheet this morning and has announced a fall in its NAV from 110.1 cents at 31 March to 104.1 cents. The main drivers of this fall were beyond its control. Chief of them was a decline in the power price assumptions which is attributed to lower commodity prices […]
Ahead of its interim results, due out next month, US Solar Fund (USF) has provided a brief update on its 6-month market outlook. In general, the USF team highlights the resilience of the portfolio over the first 6 months of 2023. USF’s discount rate remains at 4.1%, as it is based on the 20 year […]
In the second of our QD views trailing our upcoming investment companies forum, James Carthew sets the scene for our ‘future of growth investing‘ panel. At the end of 2021, most growth-focused funds were sitting at or close to all-time highs, but the start of 2022 saw a savage rotation away from growth towards value. […]
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: • ThomasLloyd Energy Impact (0.38) • BioPharma Credit (6:44) Andrew McHattie spoke about Trixtax Big Box REIT & HydrogenOne (10:31). This week’s interview was with […]
Do you know your blue hydrogen from your green hydrogen? Did you know that there are over 1,000 clean hydrogen projects on the drawing board today? Or that collectively 39 countries have allocated over $70bn of funding to hydrogen projects? Did you know that before we had access to natural gas, 20% of the gas […]
MIGO Opportunities Trust (MIGO) has announced its annual results for the year ended 30 April 2023. Over the 12 month period MIGO generated a NAV total return of -9.3% and a share price total return of -10.3%. This compared to the trust’s benchmark, SONIA plus 2%, which returned 4.6%. Some notable contributors to MIGO’s performance […]
In QuotedData’s morning briefing for 04 August 2023: Schroder British Opportunities (SBO) has announced that one of its private equity investments, Rapyd, has acquired PayU Global Payment Organisation from Prosus, for $610m, subject to regulatory approval. Rapyd is a leading global Fintech-as-a-Service provider, while PayU is a payment solutions provider to both enterprise and SMB […]
What if it were possible to capture CO2 directly from the air and lock it away permanently? Scottish Mortgage holding, Climeworks wants to inspire 1 billion people to remove CO2 from the air to help tackle legacy and unavoidable carbon emissions. “Climeworks is the first direct air capture company to deliver third-party certified carbon dioxide […]
JLEN Environmental Assets says that its unaudited NAV at 30 June 2023 was £801.4m or 121.1p per share. This is a decrease of 2.0p per share since 31 March 2023, after paying the quarterly dividend of 1.8 per share. What drove the change? Power and gas price fixes secured above previous valuation assumptions (+0.4p); higher […]
Ediston Property Investment Company (EPIC) is in advanced discussions with a third party buyer over the possible sale of the company’s property portfolio. As part of its strategic review into the future of the company, announced in March, the board today says that it has entered negotiations over the sale of the group’s retail park […]
Pantheon International has published results for the 12 months ended 31 May 2023 and in NAV terms it was good to see a positive return of 2.4% for the year, although this lagged the 4.3% return on the MSCI World Index. In share price terms, it is a different story as the discount widened further […]
Henderson Smaller Companies has announced results for the 12 months ended 31 May 2023. This was a year of underperformance, as the NAV total return came in at -13.8% versus -6.5% for the company’s benchmark – the Numis Smaller Companies Index (excluding investment companies). The discount actually narrowed a little – from 14.6% to 13.2% […]
International Biotechnology Trust has decided to appoint Schroder Unit Trusts Limited as its fund manager and AIFM. Shareholders had told the board that they wanted continuity of the company’s investment approach under the existing investment management team and to retain the dividend policy. Ailsa Craig and Marek Poszepczynski (who have been lead managers on the […]
QuotedData’s morning briefing 3 August 2023: Tritax Big Box REIT (BBOX) posted a 1.5% uplift in EPRA net tangible assets (NTA) to 183.02p per share in the six months to 30 June 2023. Its portfolio valuation was stable at £5.05bn, while adjusted earnings were up 5.6% to 3.94p per share. This covered its dividend for […]
Rights and Issues Investment Trust (RIII) has released its half year results for the six month period ending 30 June. This is the first set of results to cover RIII’s performance under the management of Jupiter Asset Management. Over the six months RIII generated a NAV total return of 3.5% and share price total return […]
Invesco Select has published its annual report for the period ending 31 May 2023. As a reminder, Invesco select has four different share classes, UK Equity Shares, Global Equity Income Shares, Balanced Risk Allocation Shares and Managed Liquidity Shares, each of which has its own separate portfolio of assets and attributable liabilities. UK Equity Income […]
QuotedData’s morning briefing 2 August 2023 Alternative Income REIT (AIRE) has posted a 0.7% increase in NAV to 84.2p for the quarter to 30 June 2023, following a 0.3% rise in the value of its portfolio to £107.0m. EPRA earnings were up 8.2% to 1.7p per share, and the board declared a quarterly dividend of […]
CT Global Managed Portfolio (CMPG) released its annual results for the year ended 31 May 2023. NAV total return was -7.4% for the financial year, underperforming the total return of the FTSE All-Share Index of +0.4% by -7.8% points. Share price total return was -2.1%. The company increased its annual dividend by 8.3% to 7.20p […]
RIT Capital Partners (RCP) announced its results for the half year ended 30 June 2023. NAV total return for the period was -0.2% while shares fell 4% over the same period and now trade at a discount of 21%. This compares to the MSCI ACWI which was up 11.0% and CPI plus 3% at 5.5%. […]
Third Point (TPOU) published an investor letter for Q2 with the company returning 1.1% in the flagship Offshore Fund during the second quarter of 2023, compared with the S&P 500 Index return of 8.7% and the MSCI World Index return of 7.0% in the same period. The top five positive contributors for the quarter were […]
Spanish retail landlord Lar España reported solid half year results for the six months to 30 June 2023, with revenue up 16.4% to €48.9m. Sales and footfall from its shopping centres and retail parks continue to grow, with sales reaching €505.1m (7.5% up on the same period in 2022 and 16.1% up on pre-COVID 2019 […]
On 11 July 2023, ThomasLloyd Energy Impact received a requisition on behlf of ThomasLloyd Cleantech Infrastructure Fund SICAV and ThomasLloyd SICAV – Energy Impact Credit Fund. It asks that the three resolutions which were not voted on at the AGM on 30 June 2023, including the continuation vote, be put before shareholders. The company is […]
Chrysalis Investments says that as at 30 June 2023, its unaudited NAV was 136.86 pence. That represents a 6.84p per share or 5.3% increase since 31 March 2023. Movement in the fair value of the portfolio accounted for an uplift of approximately 9.28p, offset by an adverse foreign exchange movement of approximately 2.20p – as […]
BioPharma Credit’s manager Pharmakon Advisors notes the announcement released Friday 28 July by Biogen Inc. regarding its definitive agreement to buy Reata Pharmaceuticals Inc. The purchase price equates to an enterprise value of approximately US$7.3bn. Biogen and Reata currently anticipate that this transaction will close in the fourth quarter of 2023. On 11 May 2023, […]
Octopus Renewables Infrastructure has agreed to invest up to £2m to set up and fund a new development business, focused on creating new ground-mounted solar PV and co-located battery storage assets in the UK. The trust will own 100% of the new company, which will benefit from exclusive development services from BLC Energy Limited (BLCe). […]
