The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain issues – exacerbated by a severe lack of HGV drivers – and fears that interest rate rises may rise in the near-term as inflationary pressures mount, had the effect of dampening the economic bounce back. Merger and acquisitions (M&A) gathered pace, with
Companies: ASLI SHED EBOX CSH
Aberdeen Standard European Logistics Income’s (ASLI’s) manager has taken a prudent approach to growing the fund thus far, taking a littleand-often capital raise strategy to improve the quality of the portfolio. However, it now proposes a £75m placing to acquire assets from an identified investment pipeline worth €165m and take advantage of the structural tailwinds behind the logistics sector (see page 18). ASLI is poised to capture significant rental growth in the short and medium term. The Euro
Companies: Aberdeen Standard European Logistics Income Plc
As Aberdeen Standard European Logistics Income (ASLI) marks its third anniversary since launch, it has recorded a NAV total return over the period of 16.5% and a share price total return of 22.5%. The COVID19 pandemic has only served to reinforce the strong characteristics of the European logistics sector, where a surge in online retailing has resulted in huge demand for space from e-commerce operators. An acceleration in the online retailing trend, as well as a strengthening of supply chains fo
As Aberdeen Standard European Logistics Income (ASLI) marks its third anniversary since launch, it has recorded a net asset value (NAV) total return over the period of 16.5% and a share price total return of 22.5%. The COVID-19 pandemic has only served to reinforce the strong characteristics of the European logistics sector, where a surge in online retailing has resulted in huge demand for space from e-commerce operators. An acceleration in the online retailing trend, as well as a strengthening
The covid-19 pandemic continued to wreak havoc in the real estate in the second quarter, but a polarisation of sectors and funds has started to become apparent.
Companies: Aberdeen Standard European Logistics Income Plc (ASLI:LON)Civitas Social Housing Plc (CSH:LON)
It was a remarkable second quarter with global markets staging the sort of comeback few would have thought plausible, at the end of March. With some countries still battling the first wave of infection and others seemingly headed to a second, not to mention what happens when governments start to remove direct stimulus measures, uncertainty still abounds.
Companies: NCYF EGL NAIT THRG GCP IGC HHI JLEN PCT VNH ASLI IBT HRI CSH MAVT
The logistics sector, in which Aberdeen Standard European Logistics Income (ASLI) invests, would appear to be one of the few property sectors that could see occupier demand increase in the long term as a result of the coronavirus pandemic. With some form of a lockdown enforced in most European countries, there has been a spike in ecommerce orders. A whole new group of people have been introduced to online retailing, which is expected to speed up penetration rates across Europe and reinforce long
The covid-19 pandemic has had a devastating effect on the share price of property companies, with 31% wiped off the value of their total market capitalisation during the first quarter of 2020.
Companies: AEWU CREI CSH BOOT INL HLCL THRL SUPR RESI RGL DIGS GR1T SOHO PHP EBOX ASLI UTG AGR UAI BLND CAL SHED WHR EPIC WKP GRI YEW HMSO PCA CCRGF NRR
The industrial and logistics sector has been on a tremendous run over the past five years or so. It is hard to think now, given the current dynamics in the property industry, that retail and offices were the sectors of choice for investors for many years with industrial cast aside by most.
Companies: ASLI LMP SGRO SMP BBOX EBOX SHED WHR
Aberdeen Standard European Logistics Income (ASLI) has assembled a property portfolio that is primed to cash in on the fundamental shift in consumer spending to online retail. The European logistics market is set to follow in the footsteps of the UK market, which has witnessed a surge in demand from occupiers wrestling for more efficient supply chains as online sales grow.
Aberdeen Standard European Logistics Income (ASLI) has assembled a portfolio that is primed to cash in on the fundamental shift in consumer spending to online retail. The European logistics market is set to follow in the footsteps of the UK market, which has witnessed a surge in demand from occupiers wrestling for more efficient supply chains as online sales grow.
SEQI – Sequoia Economic Infrastructure Income – Proposed fundraising | CAT – CATCo Reinsurance Opportunities – Increased loss reserves | ASLI – Aberdeen Standard Euro Logistics Income – Q1 2019 NAV
Companies: Sequoia Economic Infrastructure Income Fund Limited Ptg.Shs GBP (SEQI:LON)Aberdeen Standard European Logistics Income Plc (ASLI:LON)
Aberdeen Standard European Logistics Income (ASLI) has built a portfolio of 10 assets, deployed all the money it raised at IPO and has declared dividends totalling 3p per share in respect of its first accounting period (in-line with its target). Borrowing facilities are being arranged that will fund the purchase of one more asset and meet stage payments for construction projects that it has financed.
Aberdeen Standard European Logistics Income (ASLI) has built a portfolio of 10 assets, invested all the money it raised at IPO and has declared dividends totalling 3p per share in respect of its first accounting period (in-line with its target). Borrowing facilities are being arranged that will fund the purchase of one more asset and meet stage payments for construction projects that it has agreed to finance.
Research Tree provides access to ongoing research coverage, media content and regulatory news on Aberdeen Standard European Logistics Income Plc.
We currently have 22 research reports from 4
Agronomics is an investment company focused on investing in the cellular agriculture sector. The sector is responding to global mega-trends driving increased demand for animal protein, which in turn could lead to negative environmental effects. Cultivated meat, for example, uses cell culture technology to grow cells in bioreactors producing differentiated cells (such as muscle and fat cells) that can be formed into consumer food products. These technologies have the promise of producing animal p
Companies: Agronomics Limited
Duke's H1/22A results give evidence that FY22E will be a record year, with a strong rebound from Covid-19 disruptions, with impressive YoY growth across all metrics. Having already completed all forecast deployments for FY22E, our forecasts are well underpinned and upgraded by +9% today. Comments of Duke having its healthiest ever pipeline with near-term deals likely, suggests further upgrades could be possible this year. If seen, any improvement in FCF p/s is likely to drive DPS uplifts, in add
Companies: Duke Royalty Limited
Companies: Oakley Capital Investments
Evidencing the strength of Belvoir’s long-term growth strategy and the very buoyant conditions in the UK housing market in 2021, the company has detailed that trading in the ten months to the end of October was ahead of expectations. Lettings income was up 21% and Housing Sales income up 65%, driving total Property gross profit up 29%. Financial Services gross profit increased 39%. We have upgraded FY 2021E EPS by 3%. While we maintain our view that next year will likely see more normal housing
Companies: Belvoir Group PLC
i(x) Net Zero, the investing company which focusses on Energy Transition and Sustainability in the Built Environment, announces its intention to join AIM. Following Admission, the Company intends to use the net proceeds of the proposed Fundraising to provide development and expansion capital to certain of its investee companies, for future investments in companies that fall primarily within its areas of interest in Energy Transition and Sustainability in the Built Environment and to provide work
Companies: TGN AFC COIN COIN HL/ OMI
Following the recent release of MJ Hudson's (MJH) FY21A results, we update our FY22E forecasts (Adj EBITDA raised from £7.1m to £7.5m) and release new forecasts for FY23E (Adj EBITDA of £9.0m). Macro drivers remain highly favourable for MJH (eg increasing investment into alternatives, heightened focus on regulation and governance etc), which should support continued strong growth over the coming years (annual organic revenue growth expected to be in the mid-teens for each of FY22E and FY23E). Ou
Companies: MJ Hudson Group Plc
Liontrust has reported a strong, in line H1 performance (+93% adj. PBT) on continued organic growth including £2.1bn net inflows YTD, as well as a full period contribution from Architas. The H1 outturn has covered 47% of our FY adj. PBT estimate, which we leave unchanged. AuM has continued to grow: +2.2% to £36.5bn in Q3 so far – momentum has been sustained. We think the valuation is not challenging given the outlook for growth. We set a 2450p 12m Target Price (18x FY23e PER) and a BUY recommend
Companies: Liontrust Asset Management PLC
Companies: NewRiver REIT plc
Liontrust has announced the acquisition of Majedie – developing further scale (£42bn+ proforma AuM). Consideration is up to £120m; initially £80m in shares – equating to 1.4% EV/AuM and 9x EV/EBITDA post-cost synergies. It also diversifies Liontrust into the institutional channel without creating risk to existing economics, whilst also creating a distribution opportunity for Liontrust into the institutional space and Majedie into the UK intermediary space. We update our forecasts for the acquisi
Caracal Gold (GCAT LN) has signed two agreements to acquire assets in Tanzania, amongst the Northern Greenstone belts, which are host to numerous multi- million-ounce deposits, as part of the growth strategy to secure 50kozpa of production and over 2mnoz in compliant resources. The acquisition of development and advanced exploration assets sees the company rapidly realising its ambitious stated aims. The Nyakafuru project was advanced by Resolute Mining (RSGR LN) between 1992 to 2017 while the n
Companies: Caracal Gold PLC
Avation is a lessor of 42 commercial aircraft to a diversified airline client base. This morning, the group has provided an update to coincide with its AGM, that illustrates the further progress made and wider developments in the first five months of the current financial year. The group presently has three ex-Virgin Australia ATR 72-600 aircraft subject to a sale agreement with Aegean Airlines, three further ATR 72-600 aircraft that may be sold or leased and an A320 due to transition from Air F
Companies: Avation PLC
We have published research on TMT Investments recent News flow, which is attached and a snapshot of the research is below.
The venture capital company investing in high-growth technology companies has seen its share price fall some 23% to US$7.25 over the last week, against a backdrop of weak global equity markets, concerns over the emergence of the Omicron Covid-19 variant and signs of tightening monetary policy. However, since the publication of HY June 2021 results on 18 Augus
Companies: TMT Investments
Marlowe has released a strong set of H1/22E results, with 15% organic revenue growth (or 8% if you adjust for the impact of Covid-19 on prior year comps), divisional Adj EBITDA margins up 300bps YoY to 17.8%, Marlowe's high-margin GRC division accounting for over half of H1/22E group Adj EBITDA. Boosted by recent acquisitions and organic growth, Marlowe's high-margin GRC division now accounts for more than half of the group's total Adj EBITDA. Management recently confirmed it was trading ahead
Companies: Marlowe Plc
Today's news & views, plus announcements from BGK, SSPG, SUR, INCE, RQIH & GHS.
Companies: SUR RQIH INCE