QuotedData’s morning briefing 18 May 2020

  • In a trading update, ahead of its annual results (to be published on or around 15 June), Jonathan Maxwell, the CEO of SDCL Energy Efficiency Income (SEIT)’s manager, noted:In spite of the unprecedented global situation around covid-19, the portfolio continues to perform in line with expectations and deliver cheaper, cleaner and more reliable energy solutions to clients and provide stable, predictable cash flows to the company. The benefit of the company’s focus on long-term contracted cash flows, and limited correlation to the wider equity markets, is brought into sharp relief in the current market environment. We have a healthy pipeline of new projects and we will look to continue to source and execute on additional investment opportunities where we can secure value.
  • Biotech and healthcare-sector company, RTW Venture (RTW), said that further to publication of the its 30 April 2020 NAV, released on 14 May 2020, and taking into consideration interim performance of the portfolio in May 2020, it may issue new ordinary shares at a price of US$1.19 per new ordinary share, reflecting an 9.2 per cent. premium to the 30 April 2020 NAV. The fund launched in late 2019.
  • Globalworth (GWI), a leading office investor in Central and Eastern Europe, announced that, following their annual reviews, S&P Global Ratings and Fitch Ratings, have each confirmed that they have maintained the Company’s issuer credit rating at BBB-  with “Stable” outlook. 

We also have results from BlackRock World MiningInvesco Enhanced IncomeSchroder AsiaPacificAdamas Finance AsiaPolar Capital Global HealthcareBaillie Gifford European Growth and LXi REIT, as well as news of a new investment advisor appointment at Alternative Income REIT.

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