In QuotedData’s morning briefing 11 November 2022: Capital Gearing Trust (CGT) has announced its interim results for the six months ended 30 September 2022. At the half-year end, CGT’s net asset value per share was 4,798.4p, compared to 5,025.1p at 31 March 2022. This represents an NAV total return of -3.5% over the previous six […]
In QuotedData’s morning briefing 4 November 2022: Castelnau Group (CGL) has made a further investment in Ocula Technologies Holdings Ltd, a data sciences business in which it owns a majority stake. The additional investment of approximately £700,000 is part of a proposed additional funding round which it is hoped will see new, third-party investors become […]
VinaCapital Vietnam Opportunity Fund reports that, for the 12 months ended 30 June 2022, its NAV total return in US dollar terms was -8.8%. The shares fell by 12.8% in US dollar terms as the discount widened from 17.7% to 19.8%, but the dividend was increased from 11.5 cents to 16 cents per share. The […]
Grit Real Estate Income Group, the pan-African real estate investor and developer, has secured new $306m borrowing facilities, as it streamlines its debt structure. The sustainability-linked term loan and revolving credit facility (which is the largest real estate sector transaction to date in Sub-Saharan Africa, excluding South Africa) consolidates seven existing loans into a single facility. […]
In a surprise move, US Solar Fund has announced a strategic review. The announcement notes that the fund has successfully executed its strategy of delivering a sustainable dividend for shareholders, but laments problems with growing its asset base. The board says that it maintains strong conviction in the value of the assets, the business plan, […]
Economic and Political Monthly Roundup Investment companies | Monthly | October 2022 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 […]
Laying the foundations for future returns abrdn Private Equity Opportunities (APEO) has recently been trading at discounts to net asset value (NAV) in excess of 40%, way above its long-term average of around 16-17%, suggesting that the market is pricing in an NAV fall comparable to that seen during the global financial crisis. Alan Gauld, […]
Laying the foundations for future returns abrdn Private Equity Opportunities (APEO) has recently been trading at discounts to NAV in excess of 40%, way above its long-term average of around 16-17%, perhaps suggesting that the market is pricing in an NAV fall comparable to that seen during the GFC. Alan Gauld, APEO’s lead portfolio manager, […]
Laying the foundations for future returns abrdn Private Equity Opportunities (APEO) has recently been trading at discounts to NAV in excess of 40%, way above its long-term average of around 16-17%, suggesting that the market is pricing in an NAV fall comparable to that seen during the GFC. Alan Gauld, APEO’s lead portfolio manager, thinks […]
Investment Companies Monthly Roundup Kindly sponsored by Baillie Gifford and abrdn Performance August may have been a quiet month in terms of investment company news, but markets have certainly been noisy with fears that we’re heading into a recession (or may already be in one) on top of everyone’s minds. At the start of the […]
