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Pin to quick picksAbrdn Euro Log Share News (ASLI)

Share Price Information for Abrdn Euro Log (ASLI)

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Share Price: 58.80
Bid: 59.00
Ask: 59.60
Change: -0.20 (-0.34%)
Spread: 0.60 (1.017%)
Open: 60.80
High: 60.80
Low: 58.00
Prev. Close: 59.00
ASLI Live PriceLast checked at -
abrdn European Logistics Income is an Investment Trust

To provide a regular and attractive level of income and capital growth from investing in high quality European logistics real estate.

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SMALL-CAP WINNERS & LOSERS: Anglo-Eastern up as revenue hits record

Fri, 21st Apr 2023 10:53

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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Anglo-Eastern Plantations PLC, up 7.2% at 866.49 pence, 12-month range 728.00p - 972.00p. The palm oil and rubber producer reports pretax profit of USD132.9 million in 2022, down from USD137.1 million in 2021. Revenue from continuing operations rises to USD447.6 million - a record - from USD433.4 million the year prior. This is despite fresh fruit bunch production from continuing operations reaching 1.1 million tonnes in 2022, down 3% from 1.2 million tonnes the year prior as a result of the replanting of ageing trees. FFB Production in Bengkulu specifically falls 12%, while crop production in Kalimantan was 3% lower due to logistics problems. Explains revenue hit a record as a result of elevated crude palm oil prices in the first half of the year, but profit was reduced by an impairment and negative biological asset movement.

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Petrofac Ltd, up 1.2% at 65.30 pence, 12-month range 45.38p - 161.20p. The energy infrastructure designer, builder and manager enters into agreements to extend its revolving credit facility and both bilateral bank facilities to October next year. Petrofac and its lenders agree the 12-month extension of USD252 million of its banking facilities. The amount represents 90% of Petrofac's facilities existing on December 31, with proportionate reductions made in all three from the effective date. As of December 31, Petrofac's external borrowing facilities included an USD180 million revolving credit facility, of which USD124 million was drawn, and two fully drawn term loans of USD50 million each.

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SMALL-CAP - LOSERS

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abrdn European Logistics Income PLC, down 1.5% at 70.91 pence, 12-month range 66.00p - 112.00p. The European logistics real estate-focused investment trust reports a net asset value per share of EUR1.19 at December, down 7.8% from EUR1.29 at the same time a year prior. Says the decline was mainly driven by market-wide outward yield movements as a results of rising interest rates. With the interim dividends declared, this reflects a NAV total return of negative 3.8% for 2022 in euro terms. This compares to a total NAV return of positive 12% in 2021, also in euro terms. Portfolio value at year-end increases 14% to EUR759 million from EUR666 million at the same time a year prior, reflecting new acquisitions.

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Triple Point Social Housing REIT PLC, down 1.2% at 50.40 pence, 12-month range 42.25p - 95.40p. The UK social housing-focused investor notes an enforcement notice from the Australian regulator of social housing in relation to Auckland Home Solutions, a specialised supported housing provider. The notice says that the regulator lacks assurances that Auckland is compliant with standards and directs Auckland to commission an independent review focused on appraising governance, business planning, risk management and compliance. Following the conclusion of the review Auckland must develop, and submit an action plan to the regulator to achieve compliance. Triple Point has 30 assets leased to Auckland, which have a value of GBP30.8 million as at December 31. Auckland represents 4.6% of the company portfolio value, as well as 4.6% of its rent roll.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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26 Apr 2024 20:59

EARNINGS AND TRADING: Aura confident in Tiris; Cindrigo enters Germany

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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27 Mar 2024 15:10

IN BRIEF: abrdn European Logistics Income sells French warehouse

abrdn European Logistics Income PLC - investment fund, which is focused on European logistics real estate - Completes the sale of a 30,180 square metre warehouse in Meung sur Loire, France, to Castignac. The EUR17.5 million disposal price is in line with the December 31 valuation and reflects a 7% discount to the September 30 valuation. Says the vacant asset, previously occupied by Office Depot, is located in Central France, 27 kilometres southwest of Orleans, and serves Paris, Central and the South of France for both national and international distribution.

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18 Mar 2024 12:14

abrdn European agrees lease surrender with Arrival for Spain warehouse

(Alliance News) - abrdn European Logistics Income PLC on Monday said that it has agreed an immediate lease surrender with Arrival for the warehouse it was previously renting in Getafe, Madrid.

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23 Feb 2024 08:59

TRADING UPDATES: Plant Health eyes Mexico Saori launch; NARF wins deal

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued this week and not separately reported by Alliance News:

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19 Feb 2024 18:57

TRADING UPDATES: Coro seals sale terms, Powerhouse makes good progress

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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19 Feb 2024 09:51

SMALL-CAP WINNERS & LOSERS: abrdn Euro Logistics fields proposals

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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27 Nov 2023 11:09

abrdn European Logistics mulls sale as shares trade at "discount"

(Alliance News) - abrdn European Logistics Income PLC on Monday announced a strategic review which could result in its sale.

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27 Nov 2023 09:46

SMALL-CAP WINNERS & LOSERS: Petrofac slides again on weaker oil prices

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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27 Nov 2023 08:49

LONDON MARKET OPEN: Rightmove shines despite UK housing market strife

(Alliance News) - Stock prices in London opened mixed on Monday, while the pound continued its ascent, as the expectation that US interest rates have peaked continues to put pressure on the dollar.

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3 Oct 2023 09:35

LONDON BROKER RATINGS: UBS cuts Burberry; JPMorgan likes EnQuest

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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28 Sep 2023 11:55

EARNINGS: Dekel hails palm oil operation; Science in Sport revenue up

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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25 Sep 2023 09:13

LONDON BROKER RATINGS: Jefferies raises AstraZeneca to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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22 Aug 2023 12:49

abrdn European Logistics Income sees signs of "reversal in sentiment"

(Alliance News) - abrdn European Logistics Income PLC on Tuesday said its net asset value and portfolio valuation both fell in the quarter that ended June 30, though it kept its interim dividend payment steady.

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22 Aug 2023 10:09

SMALL-CAP WINNERS & LOSERS: abrdn Euro Logistics hints at recovery

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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24 May 2023 14:30

TRADING UPDATES: abrdn European NAV down; Tap appoints non-exec chair

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and Wednesday and not separately reported by Alliance News:

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