News

In QuotedData’s morning briefing 16 February 2022: The board of Smithson (SSON) has announced that its chair, Mark Pacitti, will retire on 28 February 2022. Diana Dyer Bartlett will become chair of the board and Lord St John of Bletso will replace Diana as chair of the audit committee. Meanwhile, Jeremy Attard-Manche has been appointed […]

Crystal Amber sets out wind-down plans – having failed to get its continuation resolution passed, Crystal Amber is now publishing its plans for a managed wind-down of the portfolio. The Fund has accumulated several strategic holdings: 28.9% in Hurricane Energy, 13% in Equals Group, 18.2% of Allied Minds, 10% of De La Rue, and 10.8% […]

Empiric Student Property has acquired a new 92-bed purpose-built studio asset in Bristol city centre for £19.0m, reflecting a net initial yield of 4.75%. The property, which was completed in September 2021, has 100% of the beds let for the current academic year. Empiric has two other operational assets in Bristol (159 beds), with a […]

Honeycomb to merge with Pollen Street – Honeycomb Investment Trust has announced plans to merge with Pollen Street Capital Holdings, the holding company for its investment manager. This would be the end of Honeycomb as an investment trust as it morphs into a commercial company. Pollen Street shareholders will end up with about 45.5% of […]

In QuotedData’s morning briefing 15 February 2022: BioPharma Credit is contributing $325m to the funding of a $650m loan to Collegium Pharamceutical. The company will use the money to support its acquisition of BioDelivery Sciences International – an existing borrower within the BioPharma Credit portfolio. Part of the loan will be funded from the repayment […]

Circle Property has said it plans to sell more assets and return capital to shareholders after selling its largest asset today, as it battles a persistently wide discount to net asset value (NAV). The group has sold Kents Hill Park to LXI REIT for £34.5m. The group said that following completion of the disposal, which […]

LXi REIT has made nine acquisitions for £87m as it continues to deploy the proceeds from its recent £250m equity capital raise. The acquisitions, which have been transacted predominantly on an off-market basis with seven different vendors/developers, reflect a 5.1% net initial yield.  The assets: Co-op Group convenience stores The company has acquired three convenience […]

Double acquisition for Apax Global Alpha – The Apax X Fund, in which Apax Global Alpha (APAX) is a limited partner, has announced that it has signed a definitive agreement to acquire Alcumus, a global leader in technology-led risk management and compliance solutions. Apax X has also signed a definitive agreement to acquire a controlling […]

HydrogenOne Capital Growth invests in Bramble Energy Limited – HydrogenOne Capital Growth (HGEN) has signed definitive agreements for an investment of £10m in Bramble Energy Limited as part of their Series B funding round. With this purchase of a minority equity stake, HydrogenOne has the right to a board seat at Bramble. HydrogenOne’s investment in […]

In QuotedData’s morning briefing 14 February 2022: Vietnam Enterprise (VEIL) has shared a monthly update for January, which states that concerns on the quality of Vietnam’s bank assets have subsided and sentiment in the sector should be further boosted by robust Q4 2021 and full-year 2021’s earnings. Vietcombank was VEIL’s top performer, up 13.8% at […]

Scottish American (SAIN) has announced its annual results for the year ended 31 December 2021, during which it provided an NAV total return for the year of 21.5%, which was modestly ahead of the total return from global equities of 20.0%, while its share price total return was modestly behind at 19.5%. SAIN says that […]

Round Hill Music Royalty Fund (RHM) has announced that the net proceeds of its C Share issue that was undertaken in July 2021 have now been fully invested and, accordingly, plans have been put in place to convert the C Shares into Ordinary Shares. The calculation date for the Conversion will be 29 April 2022 […]

CC Japan Income & Growth (CCJI) has announced its annual results for the year ended 31 October 2021, during which it experienced a strong recovery and was able to significantly outperform the Japanese market. To illustrate, during its financial year, CCJI provided NAV and share price total returns of 24.3% and 32.7%, while the TOPIX […]

In QuotedData’s morning briefing 11 February 2022: AEW UK REIT (AEWU) has been granted planning consent for the demolition and development of a 527-unit student accommodation scheme at 225 Bath Street in Glasgow city centre, paving the way for the sale of the site to IQ Student Accommodation. The sale of the vacant office scheme […]

Alternative Liquidity ready to grow again – Alternative Liquidity Fund was established to provide liquidity to investors in alternative assets following the 2008-2009 financial crisis. The portfolio has been gradually sold off since 25 February 2019 and that process has largely been completed. As at 30 June 2021, the company had returned the majority of its […]

Taylor Maritime buys final seed asset – Taylor Maritime Investments says that it has received delivery of the final seed asset that it committed to buy when it IPO’d. The new Japanese-built Handysize geared bulk vessel is now part of its trading fleet. Payment for the vessel was made 100% in cash. This delivery takes […]

In QuotedData’s morning briefing 10 February 2022: Odyssean’s (OIT) response to yesterday’s announcement by Strategic Equity Capital is that it “believes that the SEC Proposals represent a missed opportunity to create a leading and growing, premium investment trust of greater scale differentiated from the wider UK small cap sector.” There’s no indication that it intends […]

BlackRock Sustainable American Income delivers strong results following change in mandate – BlackRock Sustainable American Income (BRSA) has posted its full year results for the 12 months to 31 October 2021. During this period, its NAV was up by 36% while its share price returned 42.4%. This compares with a rise of 35.6% from its […]

In QuotedData’s morning briefing 9 February 2022: NextEnergy Solar (NESF) has announced an interim dividend of 1.79 pence per ordinary share for the quarter ending 31 December 2021, to be paid on 31 March 2022. NESF will also be offering shareholders a scrip dividend alternative to this, with a reference price to be announced on […]

Nippon Active Value to get win from Intage offer? – Rising Sun Management, Nippon Active Value’s investment adviser, has offered to buy 100% of Japanese marketing research firm Intage Holdings for JPY1900 per share through its Japanese vehicle Hikari Acquisition KK. The offer values Intage at approximately JPY76.7bn. Paul ffolkes Davis, chairman of Rising Sun […]

Riverstone exits Pipestone Energy – Riverstone Energy has sold its entire position in Pipestone Energy Corp., a Calgary-based oil and gas exploration company publicly listed on the Toronto Stock Exchange, for CAD4.55 per share. This represents a 6.8% discount to the closing price of Pipestone Energy on 4 February 2022 and a 2.0% to the […]

Round Hill buys Alice in Chains catalogue – Round Hill Music Royalty Fund has acquired a significant majority of the rights to the American rock band, Alice In Chains. The acquisition covers the publishing, masters and neighbouring rights of the band. Catalogue Details: The acquisition comprises a significant majority of the publishing, masters and neighbouring […]

Twenty Four Income and UK Mortgages to merge – the boards of TwentyFour Income Fund and UK Mortgages have agreed the terms of a proposed merger of the two companies. The merger will be effected by way of a scheme of reconstruction of UK Mortgages, consisting of the winding-up of that fund, the transfer of […]

In QuotedData’s morning briefing 8 February 2022, the big news is a planned merger between TwentyFour Income and UK Mortgages. However, we also have: Scottish Investment Trust (SCIN) says its portfolio has now been realigned with that of JPMorgan Global Growth and Income (JGGI), ahead of the merger of the two funds. Trading in Yew […]

SDCL buys Portuguese biomass plant – SDCL Energy Efficiency (SEIT) has agreed to acquire 80% equity interest in a high-efficiency and operational biomass cogeneration plant, Sociedade de Iniciativa e Aproveitamentos Florestais – Energia, S.A, in Mangualde, Portugal for approximately €22m. SIAF generates heat and power from sustainably sourced biomass and supplies critical onsite heat to an […]

BBGI backs Canadian hydro refurb – BBGI Global Infrastructure (BBGI) has invested in InPower BC General Partnership, the entity responsible for delivering the John Hart Generating Station Replacement Project, an investment made through the existing strategic partnership between BBGI and SNC-Lavalin Group Inc.  The public-private partnership project consisted of the design, construction, financing, maintenance and rehabilitation of […]

In a lettings update, central London office owner and developer Great Portland Estates has announced it has broken its leasing record for the financial year to March 2022 – with almost two months to go. The group said that it had signed 460,900 sq ft of new lettings since the start of the financial year […]