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 was 11.3%. This compares to a 3.7% fall in the value of the UK AIM All Share index. The company trades at a premium and raised more money last month, but still has a market cap of just £18m. The top five contributors to unrealised returns were Angling Direct plc, MPAC Group plc, EKF Diagnostics Holding plc, Windward Limited and Springfield Properties plc. It doesn’t look like there will be a dividend as yet.
• Asia Energy Impact (AEIT) has reviewed its options and plumped for an orderly realisation of its assets. This will need to be approved by shareholders at a meeting to be held over coming months. The board expects that, subject to shareholders approving the proposal, Octopus Energy Generation, the company’s transitional investment manager, will be appointed to continue to manage AEIT’s investments and their orderly realisation. [Given the apparent lack of appetite even for renewables funds with bright prospects (see today’s Downing Renewables’ results, for example), it is no great surprise that an option couldn’t be found for a re-set and new fundraise for this company, which now has a market cap of just £35m.]