Life Science REIT successfully raised gross proceeds of £350m from its initial public offering (IPO). The company said it received applications exceeding the £350m maximum size of the issue, so a scaling-back exercise has been undertaken. A total of 350m ordinary shares will be admitted to trading on the Alternative Investment Market (AIM) of the […]
In QuotedData’s morning briefing 17 November 2021: Caledonia (CLDN) has agreed terms to divest its investment in BioAgilytix, a leading provider of bioanalytical testing for large molecule research and development, as private equity firm Cinven, becomes the new lead investor. The transaction is subject to US anti-trust approvals and is expected to complete in December […]
Aquila European says Norwegian ‘Rock’ wind farm still going ahead – On October 11 2021, the Norwegian supreme court ruled that two windfarms – Storheia and Roan – had violated the traditional reindeer herding rights of the local Sami people. The herders said that the operational wind farms were disturbing the reindeer and affecting their […]
Troy struggles as UK economy recovers – Troy Income & Growth failed to match its benchmark over the 12 months ended 30 September 2021. The trust produced a return of 10.2% in NAV terms and 9.6% in share price terms. This compares to 27.6% for the All-Share Index. This has dragged down the fund’s long-term […]
North American real estate investment trust (REIT) Slate Office REIT has agreed a deal to buy London-listed Irish office investor Yew Grove REIT for a consideration of €177.4m. The deal would see Slate acquire the entire issued and to be issued share capital of Yew Grove at a price of €1.017 per share. The cash […]
In QuotedData’s morning briefing 16 November 2021: International Public Partnerships (INPP) says that the consortium that it is a member of (alongside Amber Infrastructure Group and Transmission Investment) now owns the 400MW Rampion offshore wind farm transmission link. The offshore wind farm is located approximately 13km off the Sussex coast and consists of 116 x […]
Following the success of our ESG Webinar Series last year, we will be hosting this year’s ESG Webinar Series on 16th, 17th and 18th November 2021. Each morning will focus on a different aspect of ESG with managers having the opportunity to present on their companies and how the specific aspects of ESG are embedded […]
LondonMetric Property has acquired two logistics warehouses for £135.6m in separate transactions, reflecting a blended net initial yield of 4.2% and a reversionary yield of 4.8%. The properties generate a rent of £6.0m a year with 100% of the income benefiting from RPI linked rent reviews and have a WAULT of 22 years. The first […]
Urban Logistics REIT has announced an Initial Placing, Offer for Subscription and Intermediaries Offer targeting gross proceeds of £200m at a price of 170 pence per share. Having fully deployed or committed £134m of capital following the company’s £108m July fundraising, the manager has identified a further pipeline of high quality, last mile logistics assets, […]
Tritax EuroBox has agreed a deal to fund the development of an €117.9m logistics asset in the Rhine-Ruhr region in Germany. The development, in Bönen, will comprise 66,065 sqm of space and is pre-let to the Rhenus Warehousing Solutions SE & Co KG, one of the leading global logistics service providers, on a 15-year lease. […]
Nippon Active Value launches share issuance programme and PrimaryBid offer – Following previous announcements to raise further capital, Nippon Active Value (NAVF) has confirmed that the Initial Issue will take the form of an issue of Ordinary Shares to be issued at a price equivalent to NAV plus a premium of 1.5% in respect of […]
Ruffer to launch new issue to benefit new and existing shareholders – Ruffer Investment Company (RICA) has launched an issue of new shares at a price of 296.5p per share by way of an Open Offer, Offer for Subscription and Intermediaries Offer. It is conditional, inter alia, on: (i) the passing of the resolution at […]
In QuotedData’s morning briefing 15 November 2021: Sequoia Economic Infrastructure Income (SEQI) has refinanced and increased its existing multi-currency Revolving Credit Facility of £280m that was due to mature on 7 December 2021. The new £325m multi-currency Sustainability-Linked Revolving Credit Facility is provided by The Royal Bank of Scotland International, ING Bank, Macquarie and Raiffeisen […]
About a year ago, ahead of last year’s ESG conference, I wrote an article about a fund that was looking to launch – Schroder BSC Social Impact (SBSI). In the event, it made it across the finishing line and IPO’d with assets of £75m, short of its £100m target but a reasonable size, nonetheless. I […]
QuotedData’s weekly news show 12th 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: Pantheon Infrastructure VH Global Sustainable Energy Opportunities Scottish Mortgage This week’s interview was with Helen Steers from Pantheon […]
Schroder Income Growth Fund (SCF) has announced its annual results for the year ended 31 August 2021, during which it has outperformed its benchmark by a margin and is providing its 26th year of dividend growth. During the period, SCF’s NAV and share price total returns were 34.4% and 37.0% respectively, both markedly ahead of […]
In QuotedData’s morning briefing 12 November 2021: Capital Gearing (CGT) has announced its annual results for the six months ended 5 October 2021. At 5 October 2021, CGT’s NAV per share was 4,894.6p, compared to 4,590.2p at 5 April 2021. Including dividends reinvested in the period, this represents a total return of 8.2% over the past […]
Pantheon Infrastructure IPO massively oversubscribed – Pantheon Infrastructure Plc (PINT) has successfully raised gross proceeds of £400m, through its placing, offer for subscription and intermediaries offer of ordinary shares at an issue price of 100p per share. Subscription shares will be issued to IPO investors on the basis of one subscription share for every five ordinary […]
Urban Logistics REIT has posted a 7.9% increase in EPRA net tangible assets (NTA) in interim results, boosted by strong demand for last mile logistics facilities. In the six months to September 2021, the group’s EPRA NTA leapt from 152.33p to 164.30p per share. This was mainly due to portfolio like-for-like valuation growth of 11.3% […]
Home REIT has posted a 7.2% increase in NAV in its maiden annual results. The NAV and EPRA net tangible asset (NTA) per share increased to 105.0p at 31 August 2021, an increase of 7.2% from the 98.0p (after share issue expenses) at the time of the company’s IPO in October 2020, reflecting the discount […]
Low Chinese exposure helped Schroder Oriental – Schroder Oriental Income Fund has published results for the year ended 31 August 2021. The company beat its benchmark by a decent margin over the period, producing an NAV return of 21.9% against that the MSCI Pacific ex Japan Index’s 12.3%. The dividend is 10.5p, up from 10.3p last […]
In QuotedData’s morning briefing 11 November 2021: Third Point Investors (TPOU) looks sets to benefit from the IPO of Rivian Automotive. It invested $10m in the electric vehicle maker in January 2021, followed by a subsequent $167m investment in the company’s convertible note financing in July 2021. Third Point added to its position in the […]
Aberdeen Latin American Income dips into revenue reserves – Aberdeen Latin American Income (ALAI) has posted its annual results for the year to 31 August 2021. During the period its NAV total return was 17.4% while its share price total return was 20.9%. This compares with a benchmark return of 17.5%. The earnings per share […]
In QuotedData’s morning briefing 10 November 2021: Syncona (SYNC) portfolio company Freeline Therapeutics Holdings has announced new data from its ongoing Phase I/II MARVEL-1 dose-finding clinical trial of FLT190 for the treatment of Fabry disease. According to the clincical-stage biotech company, a second patient dosed in Phase I/II trial for Fabry disease has generated encouraging […]
AVI Global posts returns double those of benchmark – for the year ended 30 September 2021, AVI Global Trust delivered a return on NAV of 36.2%, just about double the 18.8% return generated by its MSCI All Country World ex US Index benchmark. Shareholders benefited from a narrowing of the discount from 9.3% to 6.7% […]
In QuotedData’s morning briefing 9 November 2021: AVI Global (AGT)’s asset manager says that “it and three other shareholders collectively owning over 18 per cent. of the ordinary shares requisitioned the [Third Point Investors (TPIL)] board on 2 November 2021 to convene an extraordinary general meeting (EGM) of TPIL at which shareholders will be asked […]
Civitas Social Housing’s net asset value (NAV) has nudged up slightly in the quarter to 30 September 2021. The group reported an IFRS NAV of 108.49p (up from 108.42p on 30 June 2021). New investments have been limited to just one in the quarter, mainly due to an attack on the company by an activist […]
Sirius Real Estate, the German business park owner, has announced a proposed capital raise of £135m to part fund the acquisition of UK flexible workspace provider BizSpace for £245m. Sirius said it believes the acquisition of BizSpace “represents a highly attractive and strategically important opportunity that allows Sirius to enter, at scale, an under-served wider […]
Huge gains for Fidelity Special Values as ‘fundamentals look very good’ – Fidelity Special Values (FSV) has posted its annual results for the 12 months to 31 August 2021. During the period under review, its NAV increased by 56.2% while its share price was up 73.8%, both significantly outperforming its benchmark index return of 26.9%. […]
Scottish Mortgage boosted by healthcare and technology performance – Scottish Mortgage (SMT) has published its results for the six months to 30 September 2021. During the period, its NAV increased by 16% from 1,195.1p per share to 1,381.1p per share, compared to a 9% increase in its index. Meanwhile the board has recommended an interim […]
