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Pin to quick picksAbrdn Euro Log Share News (ASLI)

Share Price Information for Abrdn Euro Log (ASLI)

London Stock Exchange
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Share Price: 60.80
Bid: 60.40
Ask: 61.20
Change: -0.40 (-0.65%)
Spread: 0.80 (1.325%)
Open: 61.40
High: 61.60
Low: 60.80
Prev. Close: 61.20
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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