Disappointing year for Finsbury Growth and Income – Finsbury Growth and Income (FGT) has posted its full-year results for the 12 months to 30 September 2021. During this period its NAV return was 10.6% while its share price total return was 6.3%, significantly underperforming its benchmark. The chairman highlighted that the manager’s investment approach involves […]
In QuotedData’s morning briefing 15 December 2021: Dunedin Enterprise (DNE) has announced regulatory approval has now been granted for the partial realisation of GPS, which is held via DNE’s interest in Dunedin Buyout Fund III LP. Proceeds now received from the transaction amount to £18.2m, consisting of capital of £15.8m and income of £2.4m. In […]
Aberdeen Standard European Logistics Income (ASLI) has acquired a portfolio of ‘last mile’ urban logistics assets in Madrid for €227m, fully deploying the proceeds of its recent equity raise. The portfolio consists of four phases, with phases one to three comprising seven newly constructed logistics warehouses and phase four comprising one under construction logistics warehouse […]
GCP Infrastructure Investments has published results for the 12 months ended 30 September 2021. It delivered an NAV return of 7.2%, but the shares moved to trade on a small discount, which resulted in a return to shareholders of -7.9%. The rebasing of the dividend from 7.6p to 7.0p was well flagged and has been […]
Majedie Investments just managed to beat the MSCI AC World Index over the 12 months ended 30 September 2021. The NAV return for the period was 22.5% against a return for the index of 22.1%. However, a narrowing discount delivered a return to shareholders of 37.1%. The dividend was maintained at 11.4p, but this was […]
Sequoia Economic Infrastructure’s NAV fell by 0.6p over November. It has updated on the problems at Bulb and its parent company Simple. “Bulb Energy Ltd (“Bulb”) entered into the Special Administration Regime (“SAR”) on 24th November and its parent company, Simple Energy Ltd (“Simple”) entered into normal administration on the same day. The primary objective […]
Henderson Diversified Income embeds ESG within its investment process – Henderson Diversified Income’s board says that it has decided to make some changes to the trust’s investment objective and policy. It says that this is a continuation of a process which has already seen the trust adopt its new benchmark. The board is keen that the […]
In QuotedData’s morning briefing 14 December 2021: Polar Capital Technology (PCT) produced an NAV return of 11.5% and share price return of 6.3% for the six months ended 31 October 2021, unfortunately lagging the return on the benchmark of 13.3%. Some stocks that had done exceptionally well during the pandemic gave back some performance as […]
JPMorgan Japanese increases dividend for second year running – JPMorgan Japanese (JFJ) has posted its annual report for the year to 30 September 2021, during which time it experienced a period of underperformance during the first half of the 2020/21 fiscal year, and then outperformed the benchmark in the second half of the year. Overall, […]
In QuotedData’s morning briefing 13 December 2021: Triple Point Energy Efficiency Infrastructure (TEEC) has acquired three operational, Feed in Tariff accredited hydroelectric power projects in Scotland for an aggregate consideration of £19.6m (excluding costs). They have a total installed capacity of 2.5MW, and all have five years or more of operational performance history. This investment […]
COVID-19 has monopolised headlines across all industries for the past two years, so you’d be forgiven for missing many other stories, especially those in already niche areas of the global investment market. But there are plenty of things to get excited about in the under-owned and under-represented frontier markets, which despite representing approximately 30% of […]
QuotedData’s weekly news show 10th December 2021 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: Edinburgh Worldwide ThomasLloyd Energy Impact This week’s interview was with Nicholas Ware of Henderson Diversified Income – watch […]
River and Mercantile UK Micro-Cap (RMMC) has published its annual report for the 12 months ended 30 September 2021, during which the portfolio NAV increased by 59.5%, significantly outperforming its benchmark, the Numis Smaller Companies plus AIM ex Investment Companies Index, which increased by 45.7%. Over the five years to 30 September 2021, the portfolio […]
Edinburgh Worldwide (EWI) has announced its annual results for the year to 31 October 2021, during which it provided NAV and share price total returns of 18.3% and 11.1% respectively, both significantly behind its comparative index, the S&P Global Small Cap Index, which provided a total return of 35.9% (all in sterling terms). However, EWI’s […]
ThomasLloyd Energy Impact Trust (TLEI) has announced the results of its initial public offering, which will have raised US$150m once the Consideration Shares are issued (click here to for an explanation of these in our story covering the announcement of TLEI IPO). Before the issuance of the consideration shares, the IPO has raised gross cash […]
Aberdeen Standard Equity Income (ASEI) has published its annual results for the year ended 30 September 2021, which its chairman, Mark White, says puts it among the top quartile of investment trusts in the UK Equity Income peer group for the financial year. During the period, ASEI provided an NAV total return of 39.8% and […]
HgCapital Trust’s (HGT’s) manager Hg has made an investment in Pirum Systems, which HGT describes as “a leading provider of post-trade automation and collateral management technology for the global securities finance industry”. Although the terms of the transaction are not disclosed, HGT is investing approximately £9.4m in Pirum Systems, alongside other institutional clients of Hg […]
In QuotedData’s morning briefing 10 December 2021: Miton Global Opportunities (MIGO) has announced that it has changed its name to MIGO Opportunities Trust, in order to make it easier 1) for potential investors to find and identify the company, which it says has increasingly become known as MIGO, and 2) promoting its success in the […]
Schroder AsiaPacific bet against China pays off – Schroder AsiaPacific produced a total return of 14.6% for the year ended 30 September 2021, outperforming the benchmark’s total return of 9.7%, while the share price produced a positive total return of 15.0%. The dividend rises by 21.3% to 9.7p. Richard Sennitt and Abbas Barkhordar took responsibility for […]
Improved picture at Aberdeen Diversified Income & Growth – Aberdeen Diversified Income & Growth made an NAV return of 12.5% for the year ended 30 September 2021 and a return to shareholders of 15.6%. Much better numbers than last year (-0.8% and -10.6% respectively). The dividend was increased from 5.44p to 5.52p, but this was not […]
Great year for TwentyFour Select Monthly Income – TwentyFour Select Monthly Income Fund has published results for the 12 months ended 30 September 2021. The share price started the financial year at 83.40p and finished at 96.20p with the Net Asset per share rising from 86.79p to 93.32p over the same period. For the year ended […]
Henderson European Focus stock picking pays off – Henderson European Focus has published results for the 12 months ended 30 September 2021. It managed to beat its benchmark by 0.6%, returning 22.6% to the benchmark index’s 22.0%. A narrower discount meant that shareholders did a lot better though, with a return of 28.8%. The dividend has […]
In QuotedData’s morning briefing 9 December 2021: Digital 9 Infrastructure (DGI9) has bought a data centre asset and subsea fibre landing station, SeaEdge UK1, on the UK’s largest data centre campus in Newcastle for a purchase price of £15m. SeaEdge UK1 has a capacity of 10.6MW and a direct connection to the 275KV National Grid […]
In QuotedData’s morning briefing 8 December 2021: VH Global Sustainable Energy Opportunities (GSEO) has completed its acquisition of a second 10.9MW solar photovoltaic site located in Queensland, Australia. This acquisition completes the first tranche of this project consisting of two solar PV sites totalling 17MW as previously announced on 2 August 2021. Tranche II of […]
Schroder European REIT has reported a NAV total return of 3.2% for the year to 30 September 2021. The group’s NAV was down 1.1% to 149.2 euro cents per share, due to a write down in the valuation of a shopping centre asset in Saville. The group paid a dividend of 7.12 euro cents and […]
Tritax EuroBox has posted a 10.7% uplift in EPRA net tangible assets (NTA) in full year results to 30 September 2021. The group’s EPRA NTA was €1.31 compared to €1.22 last year. The growth was mainly due to an increase in the value of its portfolio of 11.9% on a like-for-like basis, and more than […]
In QuotedData’s morning briefing 7 December 2021: ICG-Longbow Senior Secured UK Property Debt (LBOW) plans to hand back 6.5p per share (£7.9m) to shareholders. The capital return will be effected via an issue of redeemable B shares (issued in proportion to an investor’s holding of ordinary shares and then bought back and cancelled). The capital […]
India Capital Growth confirms upcoming redemption facility details and determines exit discount for 2023 – India Capital Growth, which is due to hold its redemption vote at the end of this year, has confirmed the arrangements for the vote, which will enable Shareholders to request redemption at an Exit Discount of 6%. In addition, and […]
Schroder UK Public Private’s Benevolent AI in SPAC deal – Schroder UK Public Private (SUPP) holding BenevolentAI has entered into a definitive agreement for a business combination with Odyssey Acquisition, a Euronext Amsterdam-listed investment company – and a special purpose acquisition company or SPAC. The combination will be effected by way of a share exchange […]
Seraphim Space backs ICEYE – Seraphim Space (SSIT) has made a new $25m investment into ICEYE Oy, the global leader in synthetic aperture radar satellite imaging technology. SSIT first invested in ICEYE in 2017, prior to it launching its first satellite, and has participated in every subsequent ICEYE funding round. ICEYE has since deployed the […]
