Pacific Horizon’s (PHI)’s performance has started to improve over the past few months, yet the manager thinks that there is still considerable potential for the portfolio. He believes that some of the themes that he is focusing on could radically alter all our lives and that many Asian companies will be at the forefront of […]
Seneca Global Income & Growth – In demand and no discount Seneca Global Income & Growth Trust’s (SIGT’s) new discount control policy went live on 1 August. The board believe that this should give investors confidence that they can enter and exit the trust close to NAV. To date, no shares have been repurchased. This could […]
Seneca Global Income & Growth Trust’s (SIGT’s) new discount control policy went live on 1 August. The board believe that this should give investors confidence that they can enter and exit the trust close to NAV. To date, no shares have been repurchased. This could suggest that there is demand for SIGT’s strategy. SIGT’s NAV […]
Standard Life European Private Equity – Reinvestment phase underway Standard Life European Private Equity is now called Standard Life Private Equity Trust (SLPE) SLPE invests solely in private equity limited partnerships (LPs or funds). It has a strong bias to (western) Europe and an increasing focus on North America. In this update note published by Marten & […]
Over the past few years, Standard Life European Private Equity Trust (SEP) has been benefitting from a high level of distributions. Now, as equity markets become more volatile, SEP’s managers think that we could be shifting from a realisation phase into an investment phase. They think the underlying managers should be deploying cash at attractive […]
Central Asia Metals – Profits soar as costs slashed Despite a weak market for copper, Central Asia Metals (CAML) turned in an impressive first half 2016 performance by increasing profits and raising its half-yearly dividend. H1 2016 earnings per share was up 95% year-on-year, to US9.5c, and the company has increased its interim dividend by […]
Despite a weak market for copper, Central Asia Metals (CAML) turned in an impressive first half 2016 performance by increasing profits and raising its half-yearly dividend. H1 2016 earnings per share was up 95% year-on-year, to US9.5c, and the company has increased its interim dividend by 22%, to 5.5p per share. CAML’s main asset is […]
QuotedData’s collation of recent insights on markets and economies taken from comments made by Chairman and managers of investment companies. September Economic and Political Roundup
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2016. September Investment Companies Roundup
The SME Loan Fund – Steady progress in turbulent times Marten & Co published an update research note on the SME Loan Fund (SMEF), formerly GLI Alternative Finance (GLAF) It has been one of the best-performing funds in its peer group in NAV terms since it was launched. It is focused on lending to small […]
The SME Loan Fund (SMEF), formerly GLI Alternative Finance (GLAF), has been one of the best-performing funds in its peer group in NAV terms since it was launched. It is focused on lending to small and medium-sized enterprises (SMEs), an area which in the experience of the UK investment companies market to date, has proved to […]
Premier Energy & Water Trust – A BREXIT beneficiary is Marten & Co’s update note on the fund since the EU referendum Premier Energy & Water Trust – A BREXIT beneficiary, assisted by a marked depreciation of sterling and no currency hedging, Premier Energy and Water Trust’s (PEW’s) NAV has risen by 26.1% since the UK’s EU referendum. […]
Premier Energy & Water Trust – A BREXIT beneficiary, assisted by a marked depreciation of sterling and no currency hedging, Premier Energy and Water Trust’s (PEW’s) NAV has risen by 26.1% since the UK’s EU referendum. PEW has little exposure to UK companies, a geared structure and many holdings that the manager believes are materially […]
Caledonia Mining – Expansion boosts bottom line Caledonia Mining (CMCL) produced 23,300oz (23koz) of gold in H1 2016, a 14% increase on H1 2015, indicating that its investment in infrastructure to expand production is already bearing fruit. The company is on schedule to produce around 50koz of gold in 2016 (2015: 43koz). Moreover, EPS for […]
Caledonia Mining (Caledonia) produced 23,300oz (23koz) of gold in H1 2016, a 14% increase on H1 2015, indicating that its investment in infrastructure to expand production is already bearing fruit. The company is on schedule to produce around 50koz of gold in 2016 (2015: 43koz). Moreover, EPS for H1 2016 was US7.7c, an improvement of […]
Herald Investment Trust – Investing in the future Marten and Co publishes its first initiation of coverage note on Herald Investment Trust (HRI) Herald Investment Trust (Herald) is a major investor in the small-cap technology sector, especially in the UK. It is the only listed investment trust with a focus on this space. In recent times, […]
Herald Investment Trust (Herald) is a major investor in the small-cap technology sector, especially in the UK. It is the only listed investment trust with a focus on this space. In recent times, small-cap technology stocks have become cheaper relative to both the broader market and large-cap technology stocks. Relative valuations are now close to […]
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2016. August Investment Companies Roundup
QuotedData’s collation of recent insights on markets and economies taken from comments made by Chairman and managers of investment companies. August Economic and Political Roundup
Edinburgh Dragon – Returning to form is Marten & Co’s latest update note on the fund, published in August 2016 Edinburgh Dragon Trust (EFM) is the largest and one of the most liquid investment companies focused on the Asia ex Japan region. Its strong focus on quality has served it well over the long term. […]
Edinburgh Dragon Trust (EFM) is the largest and one of the most liquid investment companies focused on the Asia ex Japan region. Its strong focus on quality has served it well over the long term. EFM’s manager says that an environment of very low interest rates has distorted markets, with the result that EFM’s focus […]
Q2 2016 Quarterly roundup Q2 was, in the end, dominated by the UK’s vote to leave the EU. Nervousness ahead of the vote enhanced volatility but markets came to believe voters would back remain and were shocked when the result went the other way. Sharp falls in Sterling post the vote have been accompanied by […]
Caledonia Mining (Caledonia) is a gold mining company that produced 43,000 ounces (43koz) of gold from its mine in Zimbabwe in 2015 and is investing a total of over US$50m from cash flow, with the aim of almost doubling production by 2021. The company is a profitable gold producer that has been paying a quarterly […]
Central Asia Metals – Dividend-paying, low-cost copper producer Central Asia Metals (CAML) recorded a profit in its first year of operation (2012) and has remained profitable ever since. It has paid a dividend each year from cash earnings, something of a novelty for a junior mining company and has returned to shareholders all the funds […]
Drum Income Plus REIT – They say good things come in small packages Marten and Co publishes its first initiation of coverage note on Drum Income Plus REIT (DRIP) DRIP is focused on acquiring properties that do not suit the portfolios of the large institutional and overseas buyers, who are targeting larger lot sizes. Its managers say […]
Drum Income Plus REIT (DRIP) is focused on acquiring properties that do not suit the portfolios of the large institutional and overseas buyers, who are targeting larger lot sizes. Its managers say that, by focusing on a less crowded market, DRIP is able to achieve a yield advantage over other property investment companies. DRIP is itself […]
IGC’s NAV is up 28.8% since our last note was published on 23 March 2016 (its price is up 20.1%) yet, in recent weeks, its discount has widened to 20.4%. There is no good reason why the discount should be widening, in our view. India shines as a bright spot in a world beset by economic problems: […]
India Capital Growth – Indian powerhouse India Capital Growth’s net asset value is up 28.8% since Marten & Co’s last note was published on 23 March 2016 (its price is up 20.1%) yet, in recent weeks, its discount has widened to 20.4%. The managers cannot see any obvious reason why the discount should be widening. India shines […]
India Capital Growth’s net asset value is up 28.8% since QuotedData’s last note was published on 23 March 2016 (its price is up 20.1%) yet, in recent weeks, its discount has widened to 20.4%. The managers cannot see any obvious reason why the discount should be widening. India shines as a bright spot in a world beset […]
QuotedData’s collation of recent insights on markets and economies taken from comments made by Chairman and managers of investment companies. July Economic and Political Roundup
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