Quoteddata’s morning briefing 8 February 2024 – DGI9, BIPS, APAX, SYNC, HEIT, SHIP

In Quoteddata’s morning briefing 8 February 2024:

  • Digital 9’s (DGI9) sale of Verne Global may take longer than expected to close as the Icelandic anti-trust authority wants to look at the transaction. The company warns that this could add between 90 and 135 days to the wait for the final sign off of the deal.
  • Invesco Bond Income Plus (BIPS) has raised £13.5m from a placing of almost 8m shares at 168.4p. Dealing in the new shares will start on 12 February.
  • Apax Global Alpha (APAX) says its NAV at end 2023 was €2.62 and, helped by a Q4 return of 1.9%, its NAV total return for the year was 4.1%.
  • Over the final three months of 2023, Foresight Solar (FSFL) got a boost from the sale of its Lorca portfolio and its share buyback programme that offset the effects of lower power price forecasts and inflation coming in lower than it had expected for 2023. The net of that was that the NAV rose slightly from 118.1p to 118.4p.
  • Syncona (SYNC) says that a £43m write down in the value of Anaveon in the final quarter of 2023 was offset by a £111m increase in the value of its stake in Autolus Therapeutics. this helped the fund produce an NAV return of 5.4% over those three months.
  • Harmony Energy Income (HEIT) says that people connected with the manager Harmony Energy Advisors Limited have almost doubled their stake, buying 2,850,000 shares at 39p to take their total holding to over 7.6m shares (or 3.35% of the company).
  • Tufton Oceanic (SHIP) says that principals and staff of its manager have bought 225,000 shares in the company, taking their holding to 12.17m shares or 4.2% of the company.

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