Merchants Trust’s results for the 12 months ended 31 January 2024 show the trust lagging the +1.9% return posted by the All-Share Index, with NAV returns of -3.1% for the year. The statement makes no mention of the return to shareholders over the period, but does note that the shares traded at a premium to […]
Temple Bar posted a decent set of results for 2023. NAV and shareholder returns were 12.3% and 12.5% respectively, both well-ahead of the 7.9% return generated by the All-Share Index. The dividend grew by 2.7% to 9.6p. This was not quite covered by earnings, which were 9.3p, but the company still has over £12m of […]
Baillie Gifford China Growth announced its annual results for the year ended 31 December 2023. The company’s net asset value total return was negative 40.9% and the share price total return was negative 40.8%, compared with a total return of negative 30.5% for the MSCI China All Shares Index (in sterling terms). In the period from 16 […]
CT Private Equity Trust (CTPE) formerly BMO Private Equity Trust announced its annual results for the year ended 31 December 2023. The company saw a NAV total return of 2.8% while shares were up 17.6%, although the discount remains considerable, at 38% at the time of publishing. During the year the company made new investments, […]
In QuotedData’s morning briefing 2 April 2024: Third Point Investors (TPOU) has announced a redemption offer to shareholders for up to 25% of the issued share capital of the company at a discount of 2% NAV after its average discount over the six-month period ended 31 March 2024 exceeded 10%. Shareholders will be entitled to […]
In QuotedData’s morning briefing 28 March 2024: Not enough shareholders of Invesco Select Trust (IVPB / IVPG / IVPM / IVPU) voted on the plan to merge the four asset classes into just the global equity income class. The percentage voting requirement to get the deal approved has been relaxed and the timetable pushed back. […]
The proposed and recommended merger of abrdn Property Income Trust (API) and Custodian Property Income REIT (CREI) is off after not receiving enough support from shareholders. Just over 60% of votes cast were in favour of the merger, below the 75% threshold to sanction the deal. The API board will now take steps to implement […]
Temple Bar Investment Companies | Update | 27 March 2024 Foundations for success We are now more than three years into the tenure of Ian Lance and Nick Purves as managers of the Temple Bar Investment Trust. In that time, the Redwheel team has established a well-diversified portfolio of value-orientated holdings, positioned for what they […]
Temple Bar Investment companies | Update | 27 March 2024 Foundations for success We are now more than three years into the tenure of Ian Lance and Nick Purves as managers of the Temple Bar Investment Trust. In that time, the Redwheel team has established a well-diversified portfolio of value-orientated holdings, positioned for what they […]
Temple Bar Investment companies | Update | 27 March 2024 Foundations for success We are now more than three years into the tenure of Ian Lance and Nick Purves as managers of the Temple Bar Investment Trust. In that time, the Redwheel team has aimed to establish a well-diversified portfolio of value-orientated holdings, which it […]
