RIT Capital Partners Investment companies | Initiation | 6 April 2023 A rare opportunity to buy a unique trust? Last year was a turbulent one for markets and, unusually, there were few places to hide, with nearly all asset classes recording large declines. RIT’s NAV also fell in 2022. Its managers comment that this appears […]
RIT Capital Partners Investment companies | Initiation | 6 April 2023 A rare opportunity to buy a unique trust Last year was a turbulent one for markets and, unusually, there were few places for investors to hide, with nearly all asset classes recording large declines. RIT’s net asset value (NAV) also fell in 2022, and […]
RIT Capital Partners Investment companies | Initiation | 6 April 2023 A rare opportunity to buy a unique trust Last year was a turbulent one for markets and, unusually, there were few places to hide, with nearly all asset classes recording large declines. RIT’s NAV also fell in 2022 and this appears to have unnerved […]
Real Estate Roundup Kindly sponsored by abrdn Performance data March’s biggest movers in price terms are shown in the charts below. Property stocks tumbled further in March as stubborn inflation and a further interest rate hike was announced by the Bank of England. The median average share price fall across the sector was 7.9%. Perhaps […]
Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
Dunedin Income Growth’s results for the year ened 31 January 2023 show that its NAV increased by 2.4% on a total return basis, underperforming the All-Share Index which produced a total return of 5.2%. The chairman notes that just 23% of companies outperformed the benchmark index. The best performing sectors were energy, defence and mining […]
Gresham House Energy Storage has announced its audited annual results for the year ended 31 December 2022. 2022 performance highlights NAV total return (TR) of 39.1%, mostly driven by revaluation of new projects and increases in third-party revenue forecasts [Share price total return not disclosed in the report but we think it was 29.1%] EBITDA of […]
Baillie Gifford China Growth announced annual results for the year to 31 January 2023. NAV total return was -5.7% while shares dropped 7.9% compared with a total return of -2.2% for the MSCI China All Shares Index (in sterling terms). In the period from 16 September 2020 (the date of the adoption of the China strategy), […]
Merchants announced its results for the year ended January 31, 2022. NAV total return for the period was 7.9% ahead of the benchmark index FTSE All-Share index return of 5.2% while shares were up around 3%. Merchants was also second in its peer group (a group of twenty one investment trusts with similar objectives) over the […]
Home REIT’s board has announced that it has received proposals from six candidates to act as the company’s investment adviser, which it is reviewing and expects to make an appointment over the coming weeks. The new investment adviser will take over from Alvarium Home REIT Advisors Limited, after its many failings that were first exposed […]
