Overview
Nippon Active Value Fund is targeting attractive levels of capital growth for shareholders from the active management of a focused portfolio of quoted small cap Japanese equity investments with market capitalisations up to $1bn (although this is not a hard limit). The intention is to take large minority positions in investee companies to enable the Company to effectively implement activist strategies. The company intends to invest in businesses which are run by professional directors and not owner operator businesses, as it believes these will be more open to activist strategies. The company intends to acquire large minority stakes of typically 4.9 to 25.0% in each investee company.
you can access the fund’s website here
Price
Research History
-
17 Apr 2020 12 min read
QuotedData’s Investment Companies Quarterly Review – First Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit Unprecedented times We have knitted […]
-
07 Apr 2020 7 min read
QuotedData’s Economic Roundup – April 2020
Economic & Political Roundup Kindly sponsored by Allianz 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 […]
-
10 Mar 2020 10 min read
QuotedData’s Investment Companies Roundup – March 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide New research Here is a list of research we published over February: An initiation note on Montanaro UK Smaller Companies Trust (MTU) […]
News
-
09 Feb 2021 2 min read
QuotedData’s morning briefing 9 February 2021
In QuotedData’s morning briefing 9 February 2021 Nippon Active Capital looks to have scored a win as Mr. Shintaro Matsuki, President of Sakai Ovex Co., Ltd, using a special purpose company, Sakai Textile Co., Ltd., has launched a tender offer at ¥ 2,850 per common share for all of the outstanding equity capital of Sakai Ovex. […]
-
27 Nov 2020 2 min read
QuotedData’s weekly news show 27 November 2020
QuotedData’s weekly news show 27 November 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: Schroder British Opportunities IPO Nippon Active Value’s plan to bid for a company CC Japan’s plan to issue […]
-
26 Nov 2020 1 min read
Nippon Active Value targets Sakai Ovex
Nippon Active Value targets Sakai Ovex – Nippon Active Value Fund owns a 5%+ stake in Sakai Ovex (no. 3408, listed on the first section of the Tokyo Stock Exchange). Today, the fund’s manager (Rising Sun Management) has sent a proposal to Sakai Ovex Co proposing that its board consider a management buyout of the whole company. This […]
-
18 Nov 2020 1 min read
QuotedData’s Morning Briefing 18 November 2020
In QuotedData’s Morning Briefing 18 November 2020 – Ahead of its AGM on 25 November 2020, JPEL Private Equity (JPEL) provided an update on its realisation strategy, noting that its manager is in advanced negotiations to sell its largest asset, its interest in MBI Holding. The transaction price would be around its carrying value with […]
-
02 Sep 2020 2 min read
Maiden interim results from Nippon Active Value sees 5.5% NAV increase
Nippon Active Value (NAVF) launched on 21 February on the London Stock Exchange, raising £103m (click here to read more). The company is an activist investor in smaller Japanese companies. It has released its first set of results this morning, with NAV per share increasing by 5.5% to 105.5p. As at 31 August, the company’s shares were […]
-
05 May 2020 1 min read
QuotedData’s morning briefing 5 May 2020
In QuotedData’s morning briefing 5 May 2020 Diverse Income received redemption requests from holders of 20.2m shares (5.35%) of the company. The price that they get for their shares will be revealed later this month. That is not a bad result given the market backdrop, but Diverse Income has turned out to be one of the […]
-
20 Mar 2020 2 min read
Nippon Active Value updates on progress after £103m February IPO
Nippon Active Value (NAVF) launched last month on the London Stock Exchange, raising £103m (click here to read more). The company is an activist investor in smaller Japanese companies. It has released an update on its progress since launching. “It would be an understatement to say that market conditions have changed over the last month. […]
-
19 Feb 2020 2 min read
Nippon Active Value IPOs with £103m
Nippon Active Value IPOs with £103m – the trust had been hoping for £200m but, after a small delay, managed to get to £103m, which the board felt was enough to get going. The trust is competing in the listed space with AVI Japan Opportunity but, in practice against a large range of well-resourced hedge […]
In The Press
-
16 Feb 2021 1 min read
Investment trust insider on Japan
Investment trust insider on Japan – James Carthew: Japan trusts backing internet winners and streamlining cash sinners Last summer I looked at JPMorgan Japanese (JFJ), which was the leading investment trust specialising in the country at the time, and it still is! Fund managers Nicholas Weindling and Miyako Urabe have hit a sweet spot in performance […]
-
01 Feb 2021 2 min read
Ship shape and ready to float?
Ship shape and ready to float? IPO market picks up but headwinds remain for small launches Larger vehicles in better stead David Brenchley, Investment Week, 26 January 2021 The 21 months to end-September had been quiet for new issuance from investment companies, with 2019 the lowest annual total (£1.4bn) raised through IPOs since 2016, and […]
-
03 Nov 2020 2 min read
Investment trust IPOs: time to buy?
The Big Theme Investment trust IPOs: time to buy? By Dave Baxter, Investors Chronicle With equity markets riding high, investment trust launches are finally making an appearance this year. Home REIT (HOME), a trust that invests in accommodation for the homeless, raised £240m in October and Triple Point Energy Infrastructure Company (TEEC) amassed £100m. Other trusts that have announced plans to float include Round Hill […]
-
08 Sep 2020 2 min read
Investment trust insider on new and newish funds
Investment trust insider on new and newish funds – James Carthew: Let’s hope new trusts are more open than recent launches After a long hiatus, the flotation window appears to be opening up. I thought this week I would have a look to see how the last crop of investment company launches – Nippon Active Value […]
-
25 Feb 2020 2 min read
What does the future hold for investment trust activism?
Lauren Mason for Investment Week What does the future hold for investment trust activism? – QuotedData’s James Carthew shares his views An active year for trust boards According to NAVF’s website, the management team will pursue “multiple activist strategies” including communication with management teams and boards, putting company representatives on the board of investee companies, […]
