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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: https://t.co/vQ4Ja5rFuR

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@RichWilliamsQD, senior analyst @QuotedData, said: “It is encouraging to see #BOOK formally acknowledge the need to address its substantial discount to NAV, although the announcement offers little in the way of immediate action.”

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Literacy Capital #BOOK confirmed a 4.7% hit from its Q3 shock exit & loss at flexible office provider Cubo Work this month. Uplifts to sausage maker Red Sky, electronic supply chain provider TechPoint & graduate consultants Grayce offset half the £22.4m write-down ... 1/3🧵

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The result could have been much better given BOOK's top ten holdings (accounting for 94% of net assets) saw revenues grow at an annual rate of 37% in Q3, their highest in three years, while earnings grew 32%.

https://t.co/u2GoUer6nx

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@RichWilliamsQD, senior analyst at @QuotedData, said: “This is an excellent outcome for #FGEN and provides further evidence of the value embedded in its portfolio. The £104m consideration, representing a 7.5% premium to the June valuation, is particularly encouraging”.

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Foresight Environmental Infrastructure #FGEN has sold its remaining 49% stake in six anaerobic digestion facilities to 3i Infrastructure #3IN backed Future Biogas for £104m. https://t.co/T4BEPKsujY

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@QuotedData analyst @RichWilliamsQD said: “With the tender offer now concluded, attention can return to the #LTI portfolio where the managers remain convinced that the underlying businesses are undervalued.”

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A 7.7% slide in net asset value (NAV) last month wiped out Lindsell Train #LTI gains from the previous 2 months & pushed the portfolio 0.5% down in Q3, although a 20% tender offer announcement supported the share price +3.6% in Sept & +5% over the quarter. https://t.co/YjW1MOqSTW

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BlackRock Latin American #BRLA falls 11% after Brazilian financial markets & its currency, the real, sell off following President Luiz Inácio Lula da Silva’s remarkable comeback election victory, erasing most of the £100m trust's gains this year. https://t.co/YjW1MOqSTW

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Canaccord has launched the Quest Global Equity Cashflow Compounder Units ETF, using the Canadian investment bank’s proprietary analytics tool to assess the best 30 of 20,000 global equities.
https://t.co/6nh7Kxgc0h

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Ahead of our @QuotedData Investors’ Choice Awards next month, we spoke to private investor Geoff Mills who won a £5,000 prize last year. Geoff has grown more cautious, selling two equity trusts & topping up on infrastructure & other "alternative" funds. https://t.co/WD6pUTj1Eg

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🏆 BEST SPECIALIST EQUITY – Who gets your vote?

International Biotechnology, City Natural Resources, Polar Capital Technology or Polar Capital Global Healthcare?

🗳️ Make your best predictions for a chance to win £5,000!

👉 https://t.co/YTyKzFEdfX

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On #USA @QuotedData analyst Matthew Read said: “This is a victory for common sense and shareholder democracy. For the third time, Baillie Gifford US Growth’s independent shareholders have delivered an overwhelming rejection of Saba’s attempts to wrest control of the trust".

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Baillie Gifford US Growth #USA has won. Shareholders have voted 52.8% to 47.2% against Saba Capital’s resolutions to appoint three of its nominees to the board with a similar majority backing the existing board. 👋👋https://t.co/59G36zgQtw

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Baillie Gifford US Growth #USA has won. Shareholders have voted 52.8% to 47.2% against Saba Capital’s resolutions to appoint three of its nominees to the board with a similar majority backing the existing board. 👋👋https://t.co/59G36zgQtw

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The Renewables Infrastructure Group #TRIG has completed the £150m share buyback programme it launched in August last year but with the shares still on a 22% discount, more repurchases will follow.

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FTSE Russell is considering an overhaul of its US growth and value indices as the increasing dominance of a handful of technology giants threatens to undermine the distinction between the two investment styles. https://t.co/UCgNInTf3I

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Golden Prospect Precious Metals #GPM, the £83.5m mining fund that completed its switch from CQS Manulife to Baker Steel this month, expects to move from Guernsey to the Main Market of the London Stock Exchange on 30 October. https://t.co/ZHhs8YGSvz

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@RichWilliamsQD @QuotedData said: “Another strong quarter for #SHIP, reflecting favourable shipping markets and the benefits of its active fleet management strategy.”

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Tufton Assets #SHIP, the 6.9%-yielding shipping fund, says quarterly dividends, which it lifted 10% to 2.75 US cents, will be 2.2x covered by earnings, up from 1.9x cover it first predicted. Rising charter rates helped it return 5% in the third quarter. https://t.co/ZHhs8YGSvz

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🏗️ What's next for 3i Infrastructure?

We discuss its new Norwegian data centre investment, dividend growth, lessons from its first write-off and the outlook for infrastructure.

🎥 Watch the full interview: https://t.co/UfYnQ2LQbL
#InvestmentTrusts #QuotedData #3IInfrastructure

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@RichWilliamsQD @QuotedData said: “Perhaps more telling is the scale of share buybacks required to contain the discount, with AUSC repurchasing 26.5% of its issued share capital during the year alone, which have substantially reduced the trust’s size.”

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Aberdeen UK Smaller Companies Growth's last annual results underline why #AUSC is merging with JPMorgan rival #JUGI. Underlying total returns fell 4.1% compared to a 6.1% rise in its Deutsche Numis benchmark, extending its underperformance to 3 & 5yrs https://t.co/ZHhs8YGSvz