A good year for Mercantile, despite challenging markets
Mercantile (MRC) has published its annual results for the year ended 31 January 2024, during which it provided NAV and share price total returns of 5....
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AJ Bell blunders deepen row over ‘fair value’ restrictions on trusts
Outcry over retail brokers restricting investors from buying out-of-favour investment companies intensifies after AJ Bell implements FCA consumer duty regulations.
Don’t ignore Montanaro’s ‘buy’ signal for over-sold UK smaller companies
‘Every valuation metric is telling you should be buying at this level,’ says Montanaro Asset Management's chief executive after lifting its stake in Montanaro UK Smaller Companies to 6%.
Impax Environmental Markets lags market dominated by Magnificent Seven
Impax Environmental Markets (IEM) says its NAV total return for 2023 was 4.5% and, as its discount widened, the return to shareholders was -3.7%. [The...
Solid results and promising dividend outlook for Downing Renewables
Downing Renewables and Infrastructure generated a positive NAV total return of 3.5% over 2023, the flatter figure for 2023 reflecting more normal powe...
QuotedData’s morning briefing 11 April 2024 – ONWD, AEIT
In QuotedData’s morning briefing 11 April 2024: Onward Opportunities (ONWD) says its NAV total return from IPO on 30 March 2023 to end December 2023 w...
VH Global promises larger covered dividends as portfolio comes online
The 8%-yielding VH Global Sustainable Energy Opportunities says its inflation-linked portfolio will be fully operational in 2025 after fully covering its 5.56p dividend with only 58% of assets online.
Investec upgrades RIT Capital as new managers face up to ‘lost decade’
Investec analysts drop their 'sell' rating on RIT Capital Partners, hoping the Rothschild-backed trust's new managers can 'reinvigorate' performance that has left its shares on a 30% discount.
David Stevenson: London’s regulation isn’t working for private credit
Returns from the likes of BioPharma Credit show there is a place for private credit in London’s closed-end fund sector, but draconian reporting requirements are a distraction.
Tech underweight weighs on Global Opportunities Trust
The Global Opportunities Trust (GOT) has announced its annual results for the year ending 31 December 2023. The company’s NAV total return was 1.7% wh...
QuotedData’s morning briefing 10 February 2024
In QuotedData’s morning briefing 10 February 2024: Following the previously confirmed wind-down, abrdn Diversified Income and Growth (ADIG) announced ...
St James’ and Close Bros blows knock Merchants
Merchants Trust's post-Covid recovery stalls as UK equity income trust' annual results show a double blow from interventions by the Financial Conduct Authority against two of its holdings.
