In QuotedData’s morning briefing 21 April 2023: The Regulator of Social Housing has published an enforcement notice on Auckland Home Solutions, a tenant of Triple Point Social Housing REIT (4.6% of income) and Civitas Social Housing (15.9% of income). The enforcement notice follows on from the regulator’s ongoing engagement with Auckland and the regulatory notice […]
Picton Property (PCTN) is exploring converting some of its office assets into “higher value alternative uses”, as market conditions in the office sector continue to be tricky. The company has used permitted development rights to secure residential use at its part vacant Angel Gate office in London, EC1. Consent has also been secured across seven […]
In QuotedData’s morning briefing 20 April 2023: Fondul Proprietatea (FP) has sold its stakes in E-Distributie Muntenia, Enel Energie Muntenia, E-Distributie Dobrogea, E-Distributie Banat, and ENEL Energie to Public Power Corporation (a Greek company) for RON650m (£116.2m). Andrew Joy is now chairman of Herald Investment Trust (HRI), following the retirement of Tom Black. Sherborne Investors […]
Balanced Commercial Property Trust has posted annual results for 2022 and, in line with the property sector, saw the valuation of its portfolio hit in the second half of the year due to higher interest rates. Highlights include: A net asset value (NAV) total return of -9.2% NAV per share as at 31 December 2022 […]
Rights and Issues Investment Trust Investment companies | Initiation | 18 April 2023 Under new management, same high conviction approach Following the retirement of Simon Knott, who managed Rights and Issues (RIII) for 39 years, RIII’s portfolio is now the responsibility of Dan Nickols and Matt Cable, part of the UK small and mid-cap team […]
Rights and Issues Investment Trust Investment companies | Initiation | 18 April 2023 Under new management, same high conviction approach Following the retirement of Simon Knott, who managed Rights and Issues (RIII) for 39 years, RIII’s portfolio is now the responsibility of Dan Nickols and Matt Cable, part of the UK small and mid-cap team […]
Rights and Issues Investment Trust Investment companies | Initiation | 18 April 2023 Under new management, same high conviction approach Following the retirement of Simon Knott, who managed Rights and Issues (RIII) for 39 years, RIII’s portfolio is now the responsibility of Dan Nickols and Matt Cable, part of the UK small and mid-cap team […]
Schroder UK Public Private Trust (SUPP) has reported annual results for its financial year ending 31 December 2022. SUPP has reported a NAV total return of -40.7% and a share price return of -53.3%. SUPP’s negative returns were driven predominantly by its largest holding, Oxford Nanopore, whose share price fell by 64.6%, having IPOed earlier […]
GCP Asset Backed Income (GABI) has published its annual results for the year ended 31 December 2022. The year saw continued challenges for GABI, with the headwinds in the UK economy, and the availability of a broader range of income producing investments arising from increased interest rates. While these factors have contributed to GABI trading […]
Value and Indexed Property Income Trust (VIP) has announced that it has acquired a freehold leisure investment at Coventry Crosspoint Business Park that comprises a bowling alley and two small restaurant units. Rental income totals £0.6m, 77% of which is from Tenpin Limited (bowling) on a lease without break until 2050, with RPI-linked rent increases […]
