In the aftermath of its failed continuation vote, the board of Hipgnosis Songs Fund (SONG) has provided clarity around the status of its dividend. Having undertaken a review of the SONG’s financial position, the board has determined that it will not declare dividends before the new financial year. The operating cash flow will instead be […]
abrdn Diversified Income and Growth (ADIG) has endured a tough run over the last few years. The trust invests in a broad range of assets – a total of 130 investments at the end of September 2023, all of which are funds – that includes exposure to private assets (58.9% – which includes unlisted alternatives, […]
Asia Dragon Trust (DGN) has announced its annual results for the year ended 31 August 2023. During the year, DGN provided NAV and share price total returns of -16.7% and -19.5% respectively while its benchmark, the MSCI Asia ex Japan Index, returned -8.4% on a comparable basis (all in sterling terms). Much of DGN’s underperformance […]
European Opportunities Trust Investment companies | Initiation | 1 November 2023 ‘Special’ growth companies With its strong focus on growth, European Opportunities Trust (EOT) has faced significant headwinds during the last couple of years as, in the face of higher inflation and interest rates, investors have favoured more value and defensive exposures over growth stocks. Inflation […]
European Opportunities Trust Investment companies | Initiation | 1 November 2023 ‘Special’ growth companies With its strong focus on growth, European Opportunities Trust (EOT) has faced significant headwinds during the last couple of years. Inflation now seems to be coming under control, but with growing signs of a recession in Europe, sentiment is poor. Consequently, valuations […]
European Opportunities Trust Investment companies | Initiation | 1 November 2023 ‘Special’ growth companies With its strong focus on growth, European Opportunities Trust (EOT) has faced significant headwinds during the last couple of years. Inflation now seems to be retreating, but with growing signs of a recession in Europe, sentiment appears to be poor. Valuations of […]
RTW Biotech Opportunities (RTW) has announced that it will acquire Arix Bioscience. The transaction is expected to deliver RTW with an expected pro-forma net asset value of approximately $550 million, an increase of 63% The deal will enhance RTW’s profile, provide increased liquidity potential, a more efficient cost base, and a re-rating opportunity. Arix shareholders […]
In QuotedData’s morning briefing 31 October 2023: Oakley Capital (OCI), a leading pan-European, mid-market private equity investor, is pleased to announce that Oakley Capital Origin Fund I has agreed to acquire a majority stake in Alerce, a leading Spanish provider of transport and logistics software solutions. Origin will invest alongside Alerce’s founding family, including CEO […]
Digital 9 Infrastructure (DGI9) published a letter sent in response to the one sent by Aqua Ventures Limited (AVL) last week, which owns 3.5% of DGI9, outlining AVL’s desire to implement an immediate strategic review of DGI9. Aqua Ventures claims to have consulted, and have the support of, 20% of DGI9’s shareholders. AVL’s letter outlined […]
Greencoat UK Wind will increase in its annual dividend target to 10p and launch a share buyback programme of up to £100m. From admission to the London Stock Exchange on 27 March 2013 to 30 September 2023, the company has generated £1,764m of cash flow, paid £887m of dividends and reinvested £877m of excess cash […]
