Ecofin Global Utilities and Infrastructure Trust Investment companies | Annual overview | 23 January 2024 Strong outlook as macro gloom lifts Over the past 12 months, Ecofin Global Utilities and Infrastructure (EGL), along with the broader utilities and infrastructure sector, has been at the mercy of broader macro-economic conditions. However, its recent performance in no […]
Asian Energy Impact Trust (AEIT) formerly ThomasLloyd Energy Impact Trust has announced both its audited results for the 12 months ended December 31 2022, and the six months ended 30 June 2023. The earlier results were delayed due to a drawn out dispute and then valuation uncertainty surrounding its investment in SolarArise Rewa and the […]
January 2024 Monthly | Investment companies Kindly sponsored by abrdn Winners and losers in December 2023 December saw a continuation of November’s market rally, with the MSCI All Countries World Index up 4.1%. However, the excitement did show signs of faltering towards the end of the month, as investors had to weigh the actual likelihood […]
In QuotedData’s morning briefing 22 January 2024: HgCapital Trust (HGT) has announced that it has sold its entire stake in Argus Media, a leading independent provider of intelligence to the global energy and commodity markets. HGT will sell its shareholding to Argus’s current CEO Adrian Binks, and General Atlantic, a major minority shareholder. The transaction […]
Real Estate Roundup Kindly sponsored by abrdn Performance data December’s biggest movers in price terms are shown in the charts below. A challenging 2023 for the real estate sector was rounded off on a positive footing, with a median average share price increase of 7.1% across the listed sector in December (down 6.3% in the […]
Economic and Political Roundup Investment companies | Monthly | January 2024 Political turbulence persisted in December, ushering in a new wave of global uncertainty in the build up to the 2024 election cycle. In spite of this, confidence in the US remained high as falling yields precipitated a global rally in risk assets. Market pricing […]
The boards of Custodian Property Income REIT (CREI) and abrdn Property Income Trust (API) have agreed to a merger of the two companies. CREI will acquire the entire issued and to be issued share capital of API, with each API share receiving 0.78 new CREI shares The exchange ratio is based on the unaudited EPRA Net […]
Edinburgh Worldwide says that, for the 12 months ended 31 October 2023, its NAV decreased by 23.6% and share price by 27.7%. By contrast, the S&P Global Small Cap Index total return was -4.3% (in sterling terms). The discount ranged between 6% and 23.6%, averaging 17%, and ended the period at 17.4%. Today, the discount […]
Bankers Investment Trust’s results for the year ended 31 October 2023 show it just failing to match its benchmark (FTSE World Index) in NAV terms and being hit by a widening discount. The NAV total return was 5.2% against 5.7% for the index and the return to shareholders was -0.7%. The year end discount was […]
Hipgnosis Songs Fund is proposing that the governing Articles of the company are amended, to enshrine the payment of a fee, at the board’s discretion, of up to £20m (in aggregate) by the company to any prospective bidders who approach the board seeking to make an acquisition of the company’s assets on terms that the […]
