News

In QuotedData’s morning briefing 8 March 2022: JPMorgan Global Emerging Markets Income (JEMI) says its exposure to Russian securities amounts to three stocks, which are now valued at 0.25% of NAV (down from 3.6% at the end of January). Crystal Amber’s (CRS) shareholder meeting to approve its new investment strategy and management agreement saw significant […]

HgCapital achieves record performance over 2021 – HgCapital Trust (HGT) has published its annual results for the year ended 31 December 2021. During the period, the trust achieved strong portfolio performance with a total return NAV increase of 44% to a record high of £4.40 and net assets of more than £2bn. Its share price return […]

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) […]

Hammerson’s ongoing repositioning efforts have seen losses dramatically fall in full year results to the end of December 2021. The retail group said IFRS loss for the year was £429m against £1,735m the previous year. The loss was largely due to a £470m portfolio valuation fall. The group’s portfolio is now worth £5.4bn, down 7.9%. […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

Workspace Group, the London flexible office provider, has agreed a deal to acquire McKay Securities, the listed property owner focused on offices and industrial in the South East, for £272m. Under the terms of the acquisition, each McKay shareholder will be entitled to receive 209 pence per share in cash and 0.115 new Workspace shares. […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]