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: • Aquila Energy Efficiency (0:27) • Chrysalis (3:15) Andrew McHattie discussed the tentative private equity rally (7:41) and a possible opportunity in Crystal Amber (19:14). This week’s […]
abrdn European Logistics Income (ASLI) has completed the sale of a 32,645 sqm warehouse, in Leon, Northern Spain, to SCPI Iroko Zen, for €18.5m. The disposal price reflects a 3% premium to the 31 December 2022 valuation. ASLI acquired the asset in 2018 for €15.3m with the sale reflecting a crystalised 20% gross profit. Located […]
For the second time in five years, investors are finding themselves in the grips of a global bear market that has punished most asset classes. The reasons underpinning the latest bout of selling have been well covered by market commentators, with QuotedData being no exception. Alongside this, many column inches have also been devoted to […]
Palace Capital has exchanged contracts for the sale of six industrial properties for £34.0m, as it continues to sell down its assets. The sale of the portfolio, to Clearbell Property Partners IV LLP (Clearbell), a fund managed by Clearbell Capital LLP, reflects a net initial yield (NIY) of 6.2% and is another indication of valuation […]
In this webinar recording, Scottish Mortgage manager Tom Slater and deputy manager Lawrence Burns answer the top questions on shareholders’ minds. They discuss private company investing, share price performance, the resilience of holdings in a challenging climate, investing in China and much more. Capital at risk. Watch the Webinar.
In this webinar recording, Scottish Mortgage manager Tom Slater and deputy manager Lawrence Burns answer the top questions on shareholders’ minds. They discuss private company investing, share price performance, the resilience of holdings in a challenging climate, investing in China and much more. Capital at risk. Watch the Webinar. previous story | next story
Chrysalis Investments announced a quarterly NAV update and a trading update for 31 March 2023. The unaudited net asset value per ordinary share was 130.02 pence. March’s NAV represents a 1.76 pence per share (1.4%) increase since 31 December 2022. Movements in fair values of the portfolio accounted for approximately 3.1 pence per share, with […]
In QuotedData’s morning briefing 5 May 2023: Ediston Property Investment Company (EPIC) has posted a slight increase in the value of its property portfolio in the quarter to 31 March 2023 of 0.6% to £204.3m. NAV per share was down slightly by 0.6% to 80.44 pence (31 December 2022: 80.93 pence). NAV total return (including […]
Great Portland Estates has acquired two central London offices for redevelopment for a total of £53m. It has bought 141 Wardour Street, in Soho, for £39m (£1,156 per sq ft). The 33,717 sq ft building is currently vacant, has been stripped out and benefits from planning consent for a comprehensive refurbishment. The building is located […]
Aquila Energy Efficiency lost a continuation vote at the end of February 2023. The board had six months to come up with a plan for what to do next. As at 31 March 2023, the fund had: 38 private investments across Germany, Italy, Spain and the UK, valued at about £62.6m, and with investment maturity […]
In QuotedData’s morning briefing 4 May 2023: AVI Japan Opportunity (AJOT) has appointed Singer Capital Markets Securities to manage an irrevocable share repurchase programme to buy back ordinary shares within certain pre-set parameters. The programme started yesterday and will run until 30 June 2023. Foresight Solar Fund (FSFL) is using £10m of cash to fund […]
Henderson International Income (HINT) announced results for the half-year ended 28 Feb 2023. During the six month period, the net asset value total return per ordinary share was 2.2% (debt at par) and 2.8% (debt at fair value). The company’s return on the ordinary share price was 6.5%. This included dividends totalling 3.7p per share […]
International Biotech (IBT) announced its half-yearly report for the year ended 28 Feb 2023. The company’s share price was up 8.0% over the six month period, well ahead of the Nasdaq Biotechnology Index (NBI), which had a total return of 1.8%. The company’s Net Asset Value total return over the period was 6.1%. Over three […]
Hipgnosis (SONG) announced that Vania Schlogel has stepped down as a director of the company with effect from 30 April 2023 to focus on her executive role at Atwater Capital, which she founded in 2017 and for which her commitments and responsibilities have recently increased significantly. The board of Scottish Mortgage Investment Trust (SMT) announced […]
Aquila Energy Efficiency Trust (AEET/AEEE) announced its annual results for the year-end 31 December 2022. Company NAV was flat for the year however shares fell -23.5%. The principal contributor to the decrease in NAV was the payment of £2.25m in respect of two dividends in the six months ended 31 December 2022. These payments were […]
RTW Venture Fund (RTW) announced annual results for the year ended December 31 2022. NAV fell 10.2%, while shares were down -32% underperforming both of the company’s benchmarks with the Russell 2000 Biotech and Nasdaq Biotech indices down -31.3% and -10.9% respectively. The company’s discount fell to as low as 37% for the year although […]
Princess Private Equity Holding (PEY) provided a monthly update with NAV growing 0.3%. It also confirmed the first interim dividend payment of EUR 0.365 per share for FY 2023, which is in line with previous guidance to distribute 5% of opening net asset value for each financial year, via semi-annual payments. The first interim dividend […]
Ashoka WhiteOak Emerging Markets Trust (AWEM), a new UK investment trust seeking to achieve long-term capital appreciation through investment primarily in quoted securities that provide exposure to global emerging markets, announced that it has successfully raised gross proceeds of £30.5m through the IPO of its ordinary shares. AWEM is the first premium listed IPO in […]
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: • NextEnergy Solar (0:35) • Round Hill Music (5:52) • ThomasLloyd Energy Impact (14:05) This week’s interview was with Craig Baker from Alliance Trust – watch it again […]
Fortune favours the brave, or so they say, and, as it turns out, so do the markets. One of the most important factors in investing is simply being first to bat, as by the time your turn comes, the game could be already over. Putting aside the metaphors, there is a distinct possibility that we […]
Boussard & Gavaudan Holding (BGHL/BGHS) has published its annual results for the year ended 31 December 2022. During the year, BGHL’s NAV for the euro and sterling shares decreased by 4.90% and 3.47%, respectively, while the associated market prices decreased by 4.72% for the euro shares and increased by 5.26% for the sterling shares. As […]
VPC Specialty Lending (VSL) has released its annual results for the year ended 31 December 2022. During the period, VSL’s NAV per share decreased by 6.97% on a total return basis, comprising a NAV per share reduction from 114.14p to 98.19p, plus the 8.00p of dividends paid in 2022, while the share price fell from […]
Blackstone Loan Financing (BGLF) has released its annual results for the year ended 31 December 2022. Key takeaways are that while performance was supported by robust distributions, the discount to NAV remains wide and the board launched a shareholder consultation in January to look at this. Conclusions were announced in March and steps will now […]
Marwyn Value Investors (MVI) has published its annual results for the year ended 31 December 2022. Unfortunately, the announcement doesn’t provide much in the way of detail as to how MVI generated its returns over the year, so we can’t comment on that here, but it says that, for its ordinary shares, it generated an […]
Life Settlement Assets (LSAA) has announced its results for the year ended 31 December 2022. LSAA’s Board says that, now the MBC litigation is complete, it is actively considering further options to reduce this discount, which will be communicated to Shareholders in due course. Key highlights from the results are as follows: Finalisation of MBC […]
In QuotedData’s morning briefing 28 April 2023: Industrials REIT (MLI), which has agreed a £500m sale of the company, released a trading update for the first quarter of 2023 showing a 4.8% like-for-like growth in passing rents and 10.6% growth in estimated rental values (ERV) over the 12 month period. During the quarter it concluded […]
Downing Renewables & Infrastructure is buying a portfolio of operational solar PV assets located in the UK for £12.6m in cash. The 13.0 MWp portfolio of two ground-mounted sites and approximately 1,600 commercial and residential installations benefits from high levels of feed-in tariffs and renewable obligation certificate subsidies. The vendors are the two Gresham House […]
NextEnergy Solar Fund is to recycle the capital invested in its subsidy-free solar assets, redeploying the cash to cut borrowing, invest in new projects and buy back shares. It aims to crystallise the value that it has created within its 236MW portfolio of subsidy-free UK solar assets. The proceeds will be used to: reduce gearing: […]
In QuotedData’s morning briefing 27 April 2023: Literacy Capital (BOOK) says its 31 March 2023 NAV was 467.3p, up 11.1% over the first three months of the year from 420.6p at the end of December. RCI (+£18.6m) was again the most significant contributor in the quarter, driven by strong organic growth. Kernel Global added £8.4m […]
Oakley Capital Investments announced its quarterly trading update for the three months ended 31 March 2023. Total NAV return per share for the period, including dividends, was +1.25% while total shareholder returns were 9%. The company also made £27 million in new investments. The update noted that the increase in the portfolio reflects a cautious […]
