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Joined October 2013
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Gavin Lumsden, head of news @QuotedData, says: "You can get more of our news on investment companies in our free, daily newsletter." Register here: f32ll.share-eu1.hsforms.com/…
Revolut, the digital bank backed by Molten Ventures, Scottish Mortgage and Schroders Capital Global Innovation, has achieved a 53% hike in valuation to $115bn (£85bn). High tech venture capital fund Molten has taken another £50m in profits. tinyurl.com/4bmtbxk7
Derwent London #DLN, the £2.2bn West End office developer, in good shape, says Jonathan Murphy, ex-Assura boss who became CEO in Sept with strong leasing activity in Q3 bringing in £11.2m of new rent and helping to lower vacancies to 3.4% from 4.4%. tinyurl.com/4tekusfw 🧵1/2
@RichWilliamsQD @QuotedData said of #DLN: “Progress on disposals is equally important, with £290m completed or exchanged at only a modest 2% discount to book values, providing welcome support for portfolio valuations while releasing capital for higher-return opportunities.”
Europe-focused Greencoat Renewables #GRP achieved above-budget cash generation of €9.8m in Q3 with higher power prices offsetting 8% production shortfall. Net asset value per share was stable, +0.2 cents to 97.4c at 30 Sept after -2.3c in Q2 and -10.3% in year to 31 March 🧵1/2
@RichWilliamsQD @QuotedData said of the 8.4%-yielder: “The reaffirmation of 1.5 times dividend cover for 2026 is welcome”. Share buybacks at a 17% make sense for #GRP but with gearing at 53%, “reducing debt must also be a priority. Further asset sales could help on both fronts”.
Hg Capital #HGT continued its recovery from the “SaaSpocalypse” with the software focused private equity investor posting a 2% return in Q3. That builds on 0.5% in Q2 following the 5.4% loss in Q1 to leave net asset value down 3.1% year to date. tinyurl.com/4tekusfw 🧵1/3
#HGT chair Jim Strang said: “While the volatility of listed peers continues to weigh on HgT valuations, it is encouraging that investors are now identifying the companies most likely to benefit from AI transformation, rather than selling the sector indiscriminately.”
@QuotedData’s @RichWilliamsQD said: “The 23% decline in #HGT’s share price this year ... illustrates the extent of investor concerns about AI disruption ... However, the recent exits of Quantios and Gen II, at uplifts of 31% and 34%" provided reassurance on valuations.
Unite #UTG has made changes to its executive committee as chief executive Joe Lister looks to make the £2.5bn student accommodation provider a “smaller, more focused business” during its recovery. Activist Saba holds a 7.1% stake. 1/2 tinyurl.com/4tekusfw
@RichWilliamsQD @QuotedData: "The organisational changes follow £241m of disposals completed this year and should deliver further cost savings from 2027, although the company has yet to quantify these.”
Schroder REIT has nearly doubled its portfolio following the Picton Property acquisition.
Fund manager Bradley Biggins discusses the deal, cost savings and opportunities for earnings growth.
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Fears of a stock market upset after the Democrats’ stunning victory in the US midterm elections evaporated as European markets rallied on a weaker dollar that pushed up gold & precious metals miners. The FTSE 100 rose 1.25% to 10,771. quoteddata.com/2026/11/marke…
M&G Credit Income #MGCI gave Amazon's debut sterling bond launch in September a wide berth as fund manager Adam English maintains his defensive posture amid a darkening economic outlook stemming from the US-Iran conflict. tinyurl.com/5n7k348c
Foresight Solar #FSFL is assessing two gov't consultations: the proposed wholesale contract for difference (WCfD) scheme announced in the budget & proposals yesterday to replace tradeable renewables obligation certificates (ROC) from April 2028. tinyurl.com/h6w5w66w 🧵1/3
#FSSFL said it was assessing the “potential implications for revenue certainty, future WCfD bidding strategy and shareholder returns” in a Q3 update showing net asset value fell £6.8m to £511.1m with NAV per share off 1.1p at 93.8p. @QuotedData senior analyst Matthew Read said:
International Public Partnerships #INPP is to invest a further €26m (£21.7m) in German regional rail business BeNEX after it won a new concession to upgrade and run the Rhein-Ruhr-Express Teilnetz B (RRX-B). tinyurl.com/h6w5w66w
@QuotedData senior analyst Matthew Read said of #INPP: “The anticipated low-to-mid-teens IRR [internal rate of return] is attractive, comfortably exceeding both the portfolio discount rate and the implied return from share buybacks.”
Hg, the manager of HgCapital #HGT, the software-focused private equity fund hit by the “SaaSpocalypse” in February, has set up an AI transformation business with Anthropic as it strives to ensure its companies end up winners from artificial intelligence. tinyurl.com/4x899v75
Amundi has launched a new global equity ETF charging just 0.09% annually, despite offering a fund tracking the same index at five times the price. The Amundi Core MSCI ACWI Swap UCITS ETF (ACW1/WIDE) began trading on the LSE on 29 Oct with £ and $ shares. tinyurl.com/mrxm8vef
