Castlenau launch goes to plan – Castelnau Group Limited, a new investment company established to invest in public and private companies with the aim of outperforming the All Share on a total return basis over the long term, has successfully raised gross proceeds of £53.1m from its initial issue of shares. A substantial part of the […]
Dramatic recovery for TR European Growth Over the year ended 30 June 2021, the NAV total return per share for TR European Growth was 63.5%, an outperformance against the benchmark of 27.0%. The share price total return per share was even better at 79.5%. Despite COVID, the revenue generated by the portfolio rose from £9.1m […]
Baillie Gifford Japan celebrates 40th birthday in style – Over the year to 31 August 2021, The Baillie Gifford Japan Trust NAV total return was 20.9%, well-ahead of the benchmark (TOPIX) which returned 16.3%. The discount, which started the year at 2.7%, moved to a premium of 1.1% and shareholders got a return of 25.7%. […]
In QuotedData’s morning briefing 14 October 2021: Downing Renewables & Infrastructure Trust (DORE) raised £14.87m from its placing and the PrimaryBid offer, almost all of which came from the placing. The investment manager is also currently exploring options to optimise the existing capital structure, including the inception of a revolving credit facility. At 30 September […]
Pantheon Infrastructure has published its prospectus. We are giving you access to it here. QuotedData/Marten & Co are playing no part in the launch. Application forms are towards the back of the document. Access to the IPO is restricted by geography. In particular, you should not be accessing this from the USA. Please ensure that […]
Fidelity Asian Values posts strong results as it celebrates its 25th year – Fidelity Asian Values (FAS) has published its annual results for the year to 31 July 2021, during which time its NAV increased by 39.5% and its share price increased. by 47.6%. Meanwhile, the board has recommended a dividend payment of 8.8p per […]
JPMorgan UK Smaller Companies dips into revenue reserves despite exceptional performance : JPMorgan UK Smaller Companies (JMI) has published its final results for the year to 31 July 2021. During the period, the company delivered an NAV return of 68.1%, well ahead of its Numis Smaller Companies plus AIM (ex ICs) benchmark return of 50.3%. […]
In QuotedData’s morning briefing 13 October 2021: RTW Venture Fund (RTW) holding, CinCor Pharma has completed a $143m Series B financing round. RTW participated in the round alongside other investors. CIO, Roderick Wong, said: “We are delighted to support CinCor’s efforts to develop next-generation treatments for hypertension, a condition that affects a significant patient population […]
PRS REIT has reported significant progress in the delivery of private rented housing portfolio in full year results. The group almost doubled the number of homes in its portfolio in the year to 30 June 2021, from 2,082 to 3,984. In the quarter to 30 September 2021 it has added a further 307, bringing the […]
In QuotedData’s morning briefing 12 October 2021: Shareholders approved the liquidation of St Peter Port Capital (SPPC) yesterday. The company was launched in April 2007 to invest in pre-IPO companies but was caught holding a lot of resource companies that didn’t IPO when expected. Partners Group says that its funds, including Princess Private Equity (PEY), […]
Civitas Social Housing (CSH) has published a full response to short-seller criticisms that has led to a 25% fall in the group’s share price. ShadowFall, an investor that sells stock in companies it doesn’t own and then publishes negative research on them with the aim of buying back the shares at a cheaper price, published […]
Pantheon Infrastructure targets £300m IPO – Pantheon Infrastructure (PINT) has announced its plans to launch an initial public offering and to admit its Ordinary Shares to the premium segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange Main Market. PINT will target attractive risk-adjusted total returns […]
Harmony Energy Income to float with Tesla in initial portfolio – A new investment company that will invest in UK energy storage assets, Harmony Energy Income, has announced its intention to undertake an initial public offering on the Specialist Fund Segment of the Main Market of the London Stock Exchange, targeting £230m. The investment objective […]
Gresham House Strategic sacks Gresham House following strategic review – Gresham House Strategic (GHS) has revealed the results of its strategic review, which it started in May 2021, to determine the best course of action to provide growth in value for all shareholders. The company also served 12 months’ protective notice of termination on Gresham […]
In QuotedData’s morning briefing 11 October 2021: VH Global Sustainable Energy Opportunities (GSEO) has completed its acquisition of the first 5MW solar photovoltaic site near Adelaide, South Australia. This is part of the first tranche consisting of two sites totalling 17MW as announced on 2 August 2021. Battery storage will be built and co-located on […]
Downing Renewables & Infrastructure has announced, a conditional offer for subscription via the PrimaryBid platform. Investors can subscribe for new shares at an issue price of 102.5p. The issue price is a 1.68% discount to the closing share price of 104.25p on 28 September 2021 (the last business day before the proposed equity raise was […]
QuotedData’s weekly news show 8 October 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: • Greencoat Renewables • Fidelity Emerging This week’s interview was with Steven Tredget of Oakley Capital Investments – […]
QD view – 7% yield opportunity, but read the small print As we have discussed before, many investors struggle to buy shares in funds that are listed on the Specialist Fund Segment. There are also a few platforms that have a problem with funds that are listed in London but whose quote is in a […]
It has been a turbulent few weeks for the social housing sector, with the biggest fund Civitas Social Housing being aggressively targeted by a short-seller. Not only has this hit the share price of Civitas (down 27.5% since 5 August) and its listed peer Triple Point Social Housing REIT (down 17% since mid-August), but it […]
In QuotedData’s morning briefing 8 October 2021: Biopharma Credit’s listing on the International Stock Exchange (TISE) has been cancelled with effect from today. Marwyn Value Investors (MVI) has announced its results from the Zegona tender offer (previously announced on 8 September – click here to read more). In summary, the Marwyn Funds were able to […]
In QuotedData’s morning briefing 7 October 2021: JZ Capital Partners has agreed with its existing senior lenders to borrow a further amount of $16.0m under its senior secured debt facility. This is a ‘first out loan’ which means it gets repaid first as the company frees up cash from its portfolio. The interest rate is […]
Bitcoin behind another good year for cautious Ruffer – Ruffer Investment Company (RICA) has published its full-year results for the 12 months to 30 June 2021. During the period, its NAV total return was 15.3%, while its share price total return was 19.5%. The NAV return was boosted by the 1.5% discount moving to a […]
In QuotedData’s morning briefing 6 October 2021: Apax X, of which Apax Global Alpha (APAX) is a limited partner, has signed a definitive agreement to acquire a majority ownership stake in Eating Recovery Center, a leading provider of eating disorder and mood and anxiety treatment in the US, in partnership with Oak HC/FT and management. […]
For the 12 months ended 31 July 2021, Henderson Eurotrust generated a share price total return of 25.8% and an NAV total return of 22.3%. These lagged the return on the company’s benchmark, the FTSE World Europe (ex UK) Index which returned 26.6%. The dividend is being maintained at 25.0p using £1.8m (based on the […]
Fidelity Emerging manager welcomes investors Fidleity Emerging has published this introductory letter. Dear Shareholders and potential investors, Following the EGM held on Friday, Chris Tennant (Co-Portfolio Manager) and I, are delighted to have been asked to take over the management of the newly named Fidelity Emerging Markets Limited (“FEML”). We would like to thank you […]
Bluefield Solar pushing ahead with subsidy-free development as it announces fairly solid results in what was a turbulent year. Bluefield Solar has published its annual results covering the 12-month period ended 30 June 2021. At the year end the NAV was 115.83p down from 117.01p a year earlier. The share price fell from 134.5p to […]
Schroder British Opportunities off to a good start – Schroder British Opportunities Trust, managed by Rory Bateman and Tim Creed, has published its first results, covering the period from its incorporation on 21 September 2020 to 30 June 2021. The trust has got off to a good start with NAV growth of 10.6% over the seven […]
In QuotedData’s morning briefing 5 October 2021: Following shareholder approval, BioPharma Credit (BPCR) is transferring to a listing on the Official List of the Financial Conduct Authority and to trading on the Premium Segment of London Stock Exchange’s Main Market. It has also created a sterling line of stock – ticker BPCP – which will […]
Greencoat Renewables announces expansion programme – Greencoat Renewables has announced a 12-month share issuance programme of up to 400m new shares. These may be issued in a number of tranches. The proceeds will be used to pursue a growing pipeline of opportunities in continental Europe and Ireland. Today, it has launched an initial placing at €1.11 […]
Schroders and SEGRO swap property – SEGRO and Schroders have completed a property swap transaction in which SEGRO has acquired from Schroders a 256,000 sq ft urban warehouse estate in West London for £140m and Schroders has acquired from SEGRO a portfolio of UK big box and urban assets totalling 880,000 sq ft for £205m. The […]
