Prices and Markets

QuotedData - 2017 review of the year - Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside:  US markets hit new highs despite three interest rate rises.  Perceived low/no growth areas such as Europe and Japan burst into life.  Asia’s technology stocks surged.  India’s stock market soared despite tax reforms holding back its economy.  Even in the UK, where overseas investors are still eyeing Brexit nervously, smaller companies rebounded...

Has the world gone cold on bitcoin since its meteoric rise in 2017? Well, depending on who you talk to, the answer will differ. With altcoins such as Ethereum and Ripple’s XRP token currently being traded at a feverish rate, some have suggested that bitcoin is no longer the dominant cryptocurrency on the market. However, according to experts such as Tom Lee, the value of bitcoin could more than double by the close of 2018. Speaking during an interview with...

SQN Asset Finance Income Fund (SQN) has provided an update on Suniva, in which it notes that the White House has now announced protective measures, which it says are aiming to ensure the long-term viability of the US solar cell manufacturing industry. It says that this action is intended to restore a fair and competitive market and recognizes the vital function enterprises like Suniva contribute to US energy independence and national security. It also says that, not only is this...

QuotedData has published a note on a company in the flexible investment sector. Seneca Global Income & Growth - Walk the walk In mid-2017, Seneca Global Income & Growth Trust’s (SIGT’s) manager set out a clear road map of how it would gradually reduce the trust’s weighting to equities over the next couple of years. The manager has been sticking to this plan and, in this report, an update is provided on the changes that have been made to SIGT’s portfolio....

QuotedData’s economic round up – January 2018 – is a collation of recent insights on markets and economies taken from the comments made by chairmen 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 you to buy or sell any of the companies mentioned. Kindly sponsored by Martin Currie January Economic and Political Roundup A collation of recent insights on markets and economies taken...

QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Winners and losers in December Infrastructure India’s share price rose after it reiterated that it was in advanced talks about refinancing its debt. Phoenix Spree Deutschland sold €73m worth of properties. LXB Retail Properties sold two...

Hg invests in MeinAuto.de - Hg, the Manager of HgCapital Trust has announced an investment in MeinAuto.de, a leading B2C online platform for new car purchases based in Germany. The terms of the transaction were not disclosed. HgCapital Trust plc will invest approximately GBP6.7 million in MeinAuto, with other institutional clients of Hg investing through the Hg 8 Fund. Based on the pro-forma 30 November 2017 NAV, Hg Capital's liquid resources available for future deployment, including all announced transactions, are estimated...

Pershing Square settles lawsuit with Allergan - Pershing Square Holdings, Ltd has reached an agreement in principle, subject to court approval, to settle lawsuits concerning the attempted acquisition of Allergan plc. by Pershing Square Capital Management, L.P. and Valeant Pharmaceuticals International, Inc. in 2014. The lawsuits were filed in the Central District of California (Anthony Basile et al v. Valeant Pharmaceuticals International, Inc. et al. and Timber Hill LLC v. Pershing Square Capital Management, L.P. et al). Pershing Square and Valeant have...

Shaftesbury expands in Seven Dials area -  Shaftesbury PLC, which already owns a 14.9 acre property portfolio in London's West End, has announced that it has acquired six buildings on Neal Street, Seven Dials, for a total consideration of GBP24.6 million, inclusive of acquisition costs. Located on the northern end of Neal Street, between Short's Gardens and Shaftesbury Avenue, the buildings are adjacent to existing holdings and comprise six shops (5,200 sq. ft.) with sold-off residential accommodation above. Current contracted income is...