Looking to bounce back Foresight Environmental Infrastructure’s (FGEN’s – formerly JLEN Environmental Assets) recent results were a two-part affair, with its operational assets recording record cash receipts, but the NAV taking a hit as green hydrogen developer HH2E entered administration. The failure of HH2E, which could not attract the required investment to bring forward its […]
Looking to bounce back Foresight Environmental Infrastructure’s (FGEN’s – formerly JLEN Environmental Assets) recent results were a two-part affair, with its operational assets pumping out record cash receipts, but the NAV taking a hit as green hydrogen developer HH2E entered administration. The failure of HH2E, which could not attract the required investment to bring forward […]
Looking to bounce back Foresight Environmental Infrastructure’s (FGEN’s – formerly JLEN Environmental Assets) recent results were a two-part affair, with its operational assets pumping out record cash receipts, but the NAV taking a hit as green hydrogen developer HH2E entered administration (a form of bankruptcy where a third party manages the company to pay creditors). […]
On Friday’s show, James Carthew covered the week’s top stories and hosted a panel discussion between Thomas Moore from abrdn Equity Income, David Moss from CT UK High Income Trust and Ben Green from Supermarket Income REIT. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s […]
In this week’s show, James Carthew spoke to Interview with Alex Crooke from Bankers Investment Trust. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would prefer […]
In this week’s show, James Carthew spoke to Interview with Sebastian Lyon from Personal Assets Trust. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would prefer […]
Vital signs are good Polar Capital Global Healthcare (PCGH) continues to make progress, delivering impressive outperformance of its benchmark (as the table below shows) and benefitting from a narrowing of its discount as more investors embrace the story. PCGH’s managers believe that the healthcare sector’s fundamentals are good enough to underpin the growth story for […]
Vital signs are good Polar Capital Global Healthcare (PCGH) continues to make progress, delivering impressive outperformance of its benchmark the MSCI All Countries World Healthcare Index, as the table on page 3 shows, and benefitting from a narrowing of its discount as more investors embrace the story. PCGH’s managers believe that the healthcare sector’s fundamentals […]
Vital signs are good Polar Capital Global Healthcare (PCGH) continues to make progress, delivering outperformance of its benchmark (as the table below shows) and benefitting from a narrowing of its discount perhaps as more investors seem to embrace the story. PCGH’s managers believe that the healthcare sector’s fundamentals are good enough to underpin the growth […]
October 2024 Monthly | Investment companies Kindly sponsored by abrdn Winners and losers in October 2024 Best performing sectors in October 2024 by total price return Median share price total return(%) Median NAVtotal return(%) Median discount 31/10/24(%) Median sector market cap 31/10/24 (£m) Number of companies in the sector North America 5.5 3.4 (11.2) 518.1 […]
November 2024 Winners and losers in October 2024 Best performing funds in price terms (%) Life Science REIT 7.2 Residential Secure Income 4.0 PRS REIT 3.1 Phoenix Spree Deutschland 2.6 Globalworth Real Estate 2.1 Henry Boot 0.9 Target Healthcare REIT 0.8 Balanced Commercial Property Trust 0.3 Schroder European REIT 0.1 Triple Point Social Housing REIT […]
The focal event of October was the announcement of the UK government’s budget, marked by sweeping changes such as a tax increase of £40bn a year (including £25bn for National Insurance), the largest hike in over thirty years. Chancellor Rachel Reeves says that ‘a strong economy depends on strong public finances’. In the wake of […]
Powering up Over the past year, as its portfolio continues to mature, Pantheon Infrastructure (PINT) has risen towards the top-end of peer group performance tables as Figure 11 on page 12 shows. Over the first six months of 2024, PINT reported a NAV return of 8.5%, running well ahead of its target of 8%–10% per […]
Powering up Over the past year, as its portfolio continues to mature, Pantheon Infrastructure (PINT) has risen towards the top-end of peer group performance tables as Figure 11 on page 11 shows. Over the first six months of 2024, PINT reported a NAV return of 8.5%, running well ahead of its target of 8%–10% per […]
In this week’s show, Matthew Read spoke to Ian ‘Franco’ Francis from CQS New City High Yield. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would […]
Entering orbit Seraphim Space Investment Trust (SSIT) continues to see its portfolio of SpaceTech companies achieve what its managers believe are key milestones. Over SSIT’s financial year, its companies raised $900m in new investments, with SSIT contributing £11m across 10 positions. Examples include the oversubscribed IPO of Astroscale, the successful capital raise of D-Orbit, and […]
Entering orbit Seraphim Space Investment Trust (SSIT) continues to see its portfolio of cutting-edge SpaceTech companies achieve key milestones. Over SSIT’s financial year, its companies raised $900m in new investments, with SSIT contributing £11m across 10 positions. Notable examples are the oversubscribed IPO of Astroscale, the successful capital raise of D-Orbit, and the soaring share […]
Entering orbit Seraphim Space Investment Trust (SSIT) continues to see its portfolio of cutting-edge space-focused companies (‘SpaceTech’) achieve key milestones. Over SSIT’s financial year, its companies raised $900m in new investments, with SSIT contributing £11m across 10 investments. Notable examples are the oversubscribed initial public offering (IPO) of Astroscale, the successful capital raise of D-Orbit, […]
The tide is turning Chair’s comments “Through refinancing the debt, we have strengthened the balance sheet and provided additional firepower to acquire further assets. We have deployed some of that capital into assets which not only yield more than the cost of debt, and thereby enhance EPRA EPS, but also provide ample total return opportunities […]
In this week’s show, James Carthew spoke to Job Curtis from City of London Investment Trust. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would prefer […]
Compelling opportunity? Despite what appears to be a resilient business model, high dividend payout, and large development pipeline, its discount might suggest that investors continue to overlook the Bluefield Solar Income Fund (BSIF). It is possible that this is related to the negative sentiment surrounding the renewable energy sector. Positively, despite the troubles of the […]
Compelling opportunity Despite its resilient business model, high dividend payout, and deep development pipeline, investors have continued to overlook the Bluefield Solar Income Fund (BSIF). This appears to be related to the negative sentiment surrounding the renewable energy sector. Positively, despite the troubles of the broader sector, we see a clear path for the company’s […]
Compelling opportunity Despite its resilient business model, record of high dividends, and deep development pipeline (with an extensive list of upcoming projects), investors have continued to overlook the Bluefield Solar Income Fund (BSIF). This appears to be related to the negative sentiment surrounding the renewable energy sector. Positively, despite the troubles of the broader sector, […]
In this week’s show, James Carthew spoke to Helen Steers from Pantheon International. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email Aiman. Additionally, if you would prefer to watch and […]
Undervalued by offer We believe that the revised bid of €8.30 per share for Lar España Real Estate, from a consortium that includes its manager Grupo Lar and US private equity firm Hines, still undervalues the company and its future prospects. The enterprise value implied by the bid price of €1,130m is a considerable discount […]
Undervalued by offer We believe that the revised bid of €8.30 per share for Lar España Real Estate, from a consortium that includes its manager Grupo Lar and US private equity firm Hines, still undervalues the company and its future prospects. The enterprise value implied by the bid price of €1,130m is a considerable discount […]
Revised offer substantially discounts LRE Lar España Real Estate has received a revised bid of €8.30 per share from a consortium that includes its manager Grupo Lar and US private equity firm Hines. However, the enterprise value implied by the bid of €1,130m is a considerable discount to the value of the portfolio of €1,304m […]
Momentum building Share prices among real estate investment trusts (REITs) and listed property companies staged a recovery over the third quarter of 2024, collectively rising 5.1% on average (as shown in the chart to the right). This is still just below where they started at the start of the year, but downward interest rate expectations […]
Residential rebound In the year’s third quarter, US inflation continued to fall, forming a positive economic picture for the country, with strong wage growth and low unemployment. In the lead up to the Federal Reserve’s rate cut on 18 September, the first in four years, the technology sector underwent a sell-off that saw Nvidia’s share […]
Geared to growth European Opportunities Trust (EOT), the most growth-focused of its peers, has posted decent absolute returns during the last couple of years but has been held back by its strong growth focus in an environment where inflation has been more stubborn than anticipated. There are signs that this is now changing and, if […]
