In QuotedData’s morning briefing 4 October 2021: Seed Innovations (SEED) has invested a further £150,000 in South West Brands, a London-based company seeking to establish itself as a multi-brand consumer goods group developed specifically for the CBD industry. The investment is by way of a second 12-month, 8% convertible loan note as part of a […]
The drivers that have led to the current energy crisis have been clearly visible for some time and reflect a number of long-term structural challenges that we face. Chief amongst these is climate change and the need to decarbonise but related to this are issues of energy security; the intermittency of renewables; battery technology that […]
QuotedData’s weekly news show 1 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: • Vietnam Holding • Indian funds • Bits and pieces This week’s interview was with Tim Creed of […]
With the re-opening of the economy seeing consumers return to physical retail and the important role stores play in omnichannel retail strategies becoming more apparent, is now the time to look at retail again? Pricing has already started to recover in the retail park segment of the market (where investor appetite is strong for reasons […]
JPMorgan Global Growth & Income (JGGI) has published its annual results for the year ended 30n June 2021, which its chairman, Nigel Wightman, describes as “another very satisfactory year for the Company”. During the year, the company’s benchmark, the MSCI AC World Index expressed in sterling, rose by 24.6%. JGGI’s returns were considerably better – […]
JPEL Private Equity (JPEL) has published its annual results for the 12 months ended 30 June 2021. During the year, JPEL’s NAV per US$ Equity Share increased 26.1%, to $2.03 from $1.61. JPEL’s NAV was positively affected by two of its largest underlying portfolio company investments, being MBI Holdings (MBI) and Milestone Investisseurs 2014 SLP’s […]
Vietnam Holding (VNH) has published its annual results for the year ended 30 June 2021 and is now approaching the 15th anniversary of both its incorporation and its listing in London, having provided what its chairman, Hiroshi Funaki, describes as one of the most robust performances in the Company’s history. In the first half of […]
In QuotedData’s morning briefing 1 October 2021: SDCL Energy Efficiency Income (SDCL) has announced that it has acquired the remaining 35% equity interest that it did not already own in Primary Energy, a portfolio of recycled energy and cogeneration projects servicing the steel industry, located in Indiana, USA. The interest was acquired from a consortium […]
Alternative Income REIT (AIRE) has reported a 2.4% uplift in net asset value (NAV) in full year results to the end of June 2021. NAV increased to 85.58p per share (from 83.58p) thanks to a 4.3% uplift in the valuation of its long-income property portfolio to £109.23m. EPRA earnings for the year were 5.55p per […]
Strategic Equity Capital focused on discount narrowing Strategic Equity Capital generated a return on NAV of 46.8% for the 12 months ended 30 June 2021 and a return to shareholders of 59.9% as its discount narrowed. The FTSE Small Cap ex Investment Trusts Index increased by 65.2%. The majority of the relative NAV underperformance was […]
Ashoka India benefits from India’s resurgence – Over the year ended 30 June 2021, Ashoka India Equity Investment Trust returned 52.6% in NAV terms, outperforming its benchmark index, the MSCI India IMI, which returned 45.2%. The share price stood at 162.5p at the year end, a 2.3% premium to NAV. As at 28 September 2021, the […]
JPMorgan Emerging Markets extends record of outperformance – over the 12 months ended 30 June 2021, the trust’s return to shareholders was 36.2% and the return on net assets 32.7%. This compares to 26.0% for the MSCI Emerging Markets index. The chairman notes that most of the outperformance came in the first half of the […]
In QuotedData’s morning briefing 30 September 2021: International Public Partnerships (INPP) says its £40m investment in the Rampion OFTO project looks likely to complete in November after Ofgem approved it on Tuesday. The project relates to the transmission cable connection to the Rampion offshore wind farm located 13km off the Sussex coast. The wind farm […]
Aberdeen Standard European Logistics Income (ASLI) has raised £125m in a significantly oversubscribed issue. A total of 114.7 million new shares will be issued at a price of 109.0p. The board said despite the oversubscription, a scaling back exercise had to be undertaken with investor demand substantially exceeding £125m. Tony Roper, chairman, said: “The very […]
Downing Renewables & Infrastructure announces placing to raise £25m – Downing Renewables & Infrastructure has announced its intention to raise new capital by conducting a placing of up to 24,499,999 new ordinary shares of £0.01 each at a price of 102.50 pence per share to raise up to around £25m. The price of 102.50 pence […]
India Capital Growth posts strong results ahead of first redemption vote – India Capital Growth (IGC) has published its interim results for the six months to 30 June 2021, during which time its share price rose by 31.7% and its NAV increased by 25.1%, outperforming the BSE Midcap TR Index by 2.9%. However, IGC is […]
In QuotedData’s morning briefing 29 September 2021: Digital 9 Infrastructure (DGI9) has decided to increase the amount raised for its placing from £200m to £275m due to a significant oversubscription. A number of directors and members of the investment management team of DGI9 were among the biggest subscribers. 255,813,953 new ordinary shares will be issued […]
Round Hill Music buys O’Jays catalogue – Round Hill Music Royalty Fund has acquired 100% of the master royalty income of 532 original recordings from the American classic R&B group, The O’Jays. Highlights: the catalogue comprises 532 original recordings, including hits such as “Love Train“, “Use Ta Be My Girl“, “Cry Together“, “Back Stabbers“, “For The […]
In QuotedData’s morning briefing 28 September 2021: Over the six months ended 31 July 2021, North American Income Trust (NAIT) beat its benchmark by 2.2%, producing a return on NAV of 19.8% against 17.6% for the Russell 1000 Index. The statement says that “This was mainly attributable to the positioning in the technology sector, as […]
In QuotedData’s morning briefing 27 September 2021: Seraphim Space (SSIT) has invested $25m into Isotropic Systems, a leading developer of transformational broadband terminal technologies which is looking to redefine satellite communications. Isotropic’s Series B funding round raised more than $35m and other participants included strategic and deep-tech venture capital investors, such as AEI HorizonX, Promus […]
QuotedData’s weekly news show 24 September 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: US solar funds CQS New City High Yield Genesis Emerging Markets This week’s interview was with Peter Hewitt […]
We had results this week from two of the giants of the UK equity income sector. The City of London Trust, which has been managed for 30 years by Job Curtis at Janus Henderson, celebrated its 55th consecutive year of dividend increases. Rival, Murray Income can ‘only’ boast a 48-year track record of consecutive dividend […]
Normally the dull end of the real estate world (meant in the nicest possible way), the social housing real estate investment trust (REIT) sector has thrown up two of the biggest pieces of news this week – Civitas Social Housing (CSH) coming under attack from a short seller and Home REIT (HOME) raising £350m in […]
Castelnau Group Limited (Castelnau) has announced that it has published a prospectus in relation to an initial public offering (IPO) on the LSE’s specialist fund segment of the main market (SFM). Castelnau is targeting a capital raise of £170m (170 million shares at £1.00 per share) via an initial placing, an offer for subscription and […]
New Star Investment Trust (NSI) has announced its annual results for the year ended 30th June 2021, during which it benefited from its allocations to UK smaller companies and emerging markets but allocations to dollar cash and gold equities hurt performance. During the year, NSI generated a positive total return of 22.16%, taking the net […]
In QuotedData’s morning briefing 24 September 2021: Nippon Active Value Fund (NAVF) has published its interim results for the 6 months to 30 June 2021. Over the period, NAVF’s NAV per share and share price total return had increased by 10.1% and 17.5% respectively, while its discount narrowed from 6.2% to 2.6%. In comparison, the […]
Supermarket Income REIT (SUPR) has reported impressive full-year results, posting net asset value (NAV) total return of 12.8% for the year to 30 June 2021. The uplift in NAV (EPRA net tangible assets – NTA) of 7% to 108p per share was primarily due to an 8.5% like-for-like growth in the value of its property […]
BB Biotech has disclosed an increase in its holding in Mersana Therapeutics (Nasdaq:NRSN), the timing of which suggests it again aims to capitalise on a 40% fall in an investee company’s share price that occurred after a clinical trial update earlier in the month. The Swiss investment company disclosed the increased holding in a SEC […]
European Opportunities results overshadowed by Wirecard – European Opportunities has published results for the year ended 31 May 2021 and they don’t look good. Over the period, the trust returned 1.2% in NAV terms and 0.1% in share price terms. This compares to a return on the MSCI Europe Index of 24.6%. The dividend was […]
Better year for Gulf Investments but tender offer looms For the year ended 30 June 2021, Gulf Investment Fund generated an NAV return of 42.4%, very marginally less than the return on its benchmark S&P GCC Composite Index of 45.2%. A small narrowing of its discount meant that shareholders’ returns matched those of the index. […]
