QuotedData’s weekly news show 26th November 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, Jayna Rana and Richard Williams covered the week’s top stories: Interim results – Montanaro UK Smaller Companies – Cordiant Digital Infrastructure – JLEN Environmental Assets […]
Just when we thought that the ‘tug of war’ between Harwood Capital and Gresham House Asset Management (GHAM) over Gresham House Strategic (GHS) had achieved a ceasefire of sorts, another small skirmish appears to have broken out. GHS has announced today that it has been advised by its recently appointed investment manager, Harwood Capital LLP, […]
Keystone Positive Change (KPC) has announced its annual results for the year ended 30 September 2021, a period that marked a new beginning for the trust as its management moved from Invesco to Baillie Gifford and it adopted its positive change mandate. Over the year KPC’s NAV total return was 17.3%, compared to a total […]
In QuotedData’s morning briefing 26 November 2021: Baillie Gifford UK (BGUK) has published its interim results for the six months ended 31 October 2021. During the [period, BGUK provided an NAV total return of 2.8% and a share ;price total return of 5.6%. It says that, in comparison, the All-Share provided a total return of […]
JLEN Environmental Assets (JLEN) has announced its interim results for the six months ended 30 September 2021, during which its NAV has risen from 92.2p per share to 98.4p, a 6.7% increase. This was driven primarily by an upward revision of the power price forecasts it uses, higher than forecast inflation during the period and […]
BMO Capital and Income posts strong results and maintains AIC Dividend Hero status – BMO Capital and Income (BCI) has published its full-year results for the 12 months to 30 September 2021. During the period, its NAV rose by 37.8%, outperforming its benchmark, which returned 27.9%. BCI will pay a fourth interim dividend of 3.75 […]
Montanaro UK Smaller Companies outperforms as ‘tide turns on UK equities’ – Montanaro UK Smaller Companies (MTU) has posted its half-year report for the six months to 30 September 2021. During the period, its NAV gained 18.2% in Sterling terms (with dividends reinvested), outperforming the benchmark by 9.2%, while the share price gained 15.3%. Statement […]
Greencoat UK Wind raises £450m following high demand – Greencoat UK Wind (UKW) has raised £450m following significant demand for its placing, open offer, intermediaries offer and offer for subscription which it announced earlier this month. Investor demand for the issue exceeded the maximum size of £396m and so the board has determined to utilise […]
In QuotedData’s morning briefing on 25 November 2021: Seraphim Space (SSIT) has made a new $12.5m investment into Astroscale Holdings, the market leader in satellite servicing and long-term orbital sustainability across all orbits. Astroscale closed a $109m series F round which was led by THE FUND Limited Partnership in Japan and backed by a group […]
Baillie Gifford European Growth reports positive year as region’s start-up ecosystem ‘booms’ – Baillie Gifford European Growth (BGEU) has published its annual results for the year ended 30 September 2021. Over this time, its NAV total return was 24% compared to a total return of 23% for the FTSE Europe ex UK Index (in sterling […]
Strong start for Cordiant Digital Infrastructure – Cordiant Digital Infrastructure (CORD) has published its first set of results since IPO, which cover the period from 4 January to 30 September 2021. The trust had a strong start, successfully raising gross proceeds of £595m from IPO in February 2021 and its follow-on equity issuance and over […]
In QuotedData’s morning briefing 24 November 2021: Nippon Active Value (NAVF) has confirmed gross proceeds of £14m were raised from the recent issue of 10,021,432 new Ordinary Shares at 139.70 pence per share. This represents a 1.5% premium to the NAV per share at close of business on 22 November 2021. Shares will be issued […]
Sequoia could be hit by busted Bulb – Sequoia Economic Infrastructure notes press statements that Bulb Energy Ltd (“Bulb”) is supportive of entering into the special administration regime established by the Energy Act 2011. If this were to occur, the parent company of Bulb, Simple Energy Limited would enter into normal administration. £55m loan The […]
In QuotedData’s morning briefing 23 November 2021: Will Wyatt will step down as chief executive of Caledonia Investments (CLDN) in July next year. Will’s successor is Mathew Masters, currently head of Caledonia quoted equity. Mat will join the board as chief executive designate on 1 April 2022. Before joining Caledonia in 2005, Mat worked at […]
Scottish Mortgage on disrupting disease with artificial intelligence Cancer, heart failure and Alzheimer’s are among the last lethal hold-outs. But medical technologies using artificial intelligence could speed up breakthroughs, as Tom Slater, joint manager of Scottish Mortgage Investment Trust explains. “The trust’s enthusiasm for the sector stems from a convergence of technological breakthroughs that have […]
Schroder Real Estate Investment Trust has acquired a portfolio of four industrial assets in the north west of England for £19.85m, reflecting a net initial yield of 6.9%. The portfolio acquisition, to be funded by drawing on the revolving credit facility, generates rental income of £1.45m per annum. The acquisition increases the group’s industrial weighting […]
Grit Real Estate Income Group, the pan-African property investor, has announced a proposed open offer and placing to raise $215.6m. It is looking to place up to 414,647,283 new ordinary shares at US$0.52 per share, the open offer being on the basis of 1.3011 new ordinary shares for every one existing share. The group intends […]
In QuotedData’s morning briefing 22 November 2021: Aquila European Renewables Income (AERI) has achieved a four out of a five-star rating following its GRESB assessment, an investor-driven global ESG benchmark and reporting framework to help evaluate complex sustainability issues. With an overall GRESB Score of 84, the fund scores above the GRESB average of 77 […]
QuotedData’s weekly news show 19th November 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: Troy Income & Growth AtratoOnsite Energy Fundraising This week’s interview was with Iain McCombie from Baillie Gifford UK […]
Last night, members of the QuotedData team attended the annual Investment Company of the Year Awards in London, hosted by leading investment trade title Investment Week and sponsored by the Association of Investment Companies. This year, the Jackie Beard Award for Outstanding Contribution to the Industry was awarded to two individuals that have been in […]
Atrato Onsite Energy plc (ROOF) has announced that its IPO has raised £150m through a significantly oversubscribed issue. The maximum size of the IPO was £150m, this being the amount that the Investment Adviser believes can be deployed within 12 months from the trust’s admission (expected at 8am on 23 November 2021). However, ROOF’s IPO […]
Great Portland Estates (GPOR) has, alongside the release of its interim results, launched a social impact strategy, which is describes as “Creating a lasting positive impact in our communities”. The four key pillars of the strategy are: Enabling healthy and inclusive communities Championing diverse skills and accessible employment opportunities Supporting the growth of local business […]
Octopus Renewables Infrastructure Trust (ORIT) has announced plans for a placing of up to 70m new ordinary shares, at a price of 105.5 pence per share, to raise gross proceeds of up to approximately £73.9 million. In addition to this placing, there will be an offer on the Peel Hunt Retail Capital Markets ‘REX’, at […]
In QuotedData’s morning briefing 19 November 2021: Montanaro European Smaller Companies (MTE), which has a strong ESG overlay to its strategy, has published its interim results for the six months ended 30 September 2021. During the period, MTE’s NAV rose by 25.0% to 198.7p per share, thus outperforming its benchmark (MSCI Europe SmallCap (ex-UK) index), […]
LondonMetric has announced a proposed fund raise of £175m, through a placing and retail offer (through PrimaryBid), to fund a pipeline of logistics acquisitions. The company said that it intends to use the proceeds of the raise, the price of which has yet to be determined, to acquired committed and under offer deals that total […]
3i Infrastructure buys subsea fibre optic network – 3i Infrastructure has agreed to invest about $512m to buy a 100% stake in Global Cloud Xchange (GCX). Global Cloud Xchange is a leading global data communications service provider and owns one of the world’s largest private subsea fibre optic networks. The company provides high-bandwidth connectivity to a […]
Schroder UK Public Private backs Attest – Schroder UK Public Private Trust has made a $7.0m investment in market research technology platform, Attest Technologies, as part of that company’s $64m Series B funding round. The investment in Attest is the third new private equity investment since the appointment of Schroder Investment Management as manager. Attest is […]
In QuotedData’s morning briefing 18 November 2021: Octopus Renewables (ORIT) says that construction has started at its Cumberhead wind farm. The Cumberhead project, which is expected to be fully operational by Q4 2022, is a 50MW onshore wind farm located in South Lanarkshire, Scotland, and will consist of 12 Nordex N133 turbines and have an […]
Tritax EuroBox has agreed a new lease on a vacant unit at its Nivelles asset in Belgium to Associated Retail SA (trading as Match Supermarkets), the convenience supermarket group located across Belgium, Luxembourg and northern France. The Nivelles property, comprising two separate logistics units, was acquired by the company in January 2021, immediately after completion […]
Workspace Group, flexible office space provider, has acquired The Busworks, in Islington, for a total of £45m. The off-market acquisition is being funded from existing facilities. A former Victorian bus factory, the property provides 104,000 sq ft of net lettable space across two conjoined warehouse buildings on 1.6 acres. It is currently operated as a […]
