Chrysalis Investments Investment companies | Update | 26 July 2023 Putting growing pains behind it There is no denying that the last 18 months have been a challenge for Chrysalis Investments (CHRY). However, under the hood, the majority of the portfolio assets have actually performed reasonably well given the circumstances, especially when you consider that […]
As a result of its strategic review, launched on 13 February 2023, abrdn Smaller Companies Trust (ASCI) has proposed that it combine with Shires Income (SHRS). The merger will also see ASI’s revenue reserve paid out as a pre-liquidation dividend. ASCI’s shareholders will have an option to either roll into SHRS or take a cash […]
abrdn Diversified Income and Growth (ADIG) has provided an update on its recently announced strategic review, informing shareholders that the decision regarding the funds future is ongoing. The board did note that they were suspending the company’s share buyback policy in the light of the ongoing review process. [QD Comment: This continues to be a […]
In QuotedData’s morning briefing 24 July 2023: Alliance Trust (ATST) has added a new stock picker to its roster, bringing the total to 10. ATST’s investment manager Willis Towers Watson has appointed Dalton Investments, a value-focused Japanese specialist, which will receive 4% of ATST’s capital. Craig Baker, chairman of WTW’s investment committee, said: “Following extensive […]
Polar Capital Technology Trust (PCT) announced its full year results for the period 30 April 2023. The company’s NAV fell 2.8% for the year while shares fell 4.9% compared to the benchmark Dow Jones Global Technology Index return of 2.9%. While recent performance for the trust has been impressive, driven by large cap US tech, […]
Castelnau Group (CGL) announced that further to the issue of new ordinary shares in connection with its acquisition of Dignity, announced on 5 May 2023, the company will issue a further 7,479 ordinary shares in connection with the listed share alternative pursuant to the statutory squeeze out. The board of Strategic Equity Capital (SEC) has […]
In QuotedData’s morning briefing 17 July 2023: Cordiant Digital Infrastructure (CORD) has announced that its portfolio company, Emitel S.A, has refinanced its senior loans, securing €353m in financing which matures in 2030. The new facility was 1.6 times oversubscribed, with a blended rate lower than the 2.9% of its current senior facilitates. The new loans […]
Economic and Political Monthly Roundup Investment companies | Monthly | July 2023 Picking up from where they left off in May, US markets continued to surge ahead in June, comfortably outperforming their global peers. The return to US dominance has been well documented, particularly regarding index concentration, with the top seven companies on the NASDAQ […]
July 2023 Monthly roundup | Investment companies Kindly sponsored by abrdn Winners and losers in June 2023 With much of the recent focus on the resilience of developed markets, particularly the US, a number of emerging economies have outperformed, leaning on macro stability and supportive fiscal spending made possible by moderating inflation. India leads the […]
Real Estate Roundup Kindly sponsored by abrdn Performance data June’s biggest movers in price terms are shown in the charts below. Sticky inflation in the UK and the Bank of England’s 0.5% hike in interest rates, which now sit at 5.0%, their highest level in 15 years, saw uncertainty return to the property market. The […]
