Third Poi. $ Share News (TPOS)

EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings

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

TRADING UPDATES: Celadon hails early results of chronic pain trial

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

IN BRIEF: Third Point Investors posts accelerated gain for master fund

Third Point Investors Ltd - Feeder fund that invests in the Third Point Offshore Fund - Says master fund generated 7.6% gain in fourth quarter of 2023, up sharply from 1.2% a year prior, with contributions from equity longs, risk arbitrage, and corporate credit offset modestly by equity shorts and hedges. Third Point adds that most of the major detractors during the first and second quarters rebounded in the second half of the year. Alongside its successful risk arbitrage positions in Activision Blizzard and US Steel Corp, the firm says that this resulted in equity returns above the benchmark indices for the period. Activision Blizzard was bought by Microsoft Corp for about USD69 billion in October, and US Steel is proposed to be bought for USD14.1 billion by Japan's Nippon Steel.

IN BRIEF: Third Point Investors net asset value shrinks in first half

Third Point Investors Ltd - feeder fund that invests in the Third Point Offshore Fund - Reports a "difficult period for performance" in the first half of 2023. Its net asset value total return during the six months to June 30, at negative 3.8%, underperforms both the MSCI World Index and S&P 500 Index which return 15% and 17%. Net asset value per share declines 3.8% to USD23.54 from USD24.46 at end of December.

IN BRIEF: Third Point to respond to investor disquiet over re-election

Third Point Investors Ltd - feeder fund that invests in the Third Point Offshore Fund - Reports all resolutions were passed at the annual general meeting on June 7. Notes that in respect of Resolution 7, votes against the re-election of Josh Targoff totalled 33.60%, exceeding the 20% threshold for votes cast against the resolution. Explains the board is therefore obligated to provide an update on the views received from shareholders and respond accordingly within a six-month period. Says the board will respond accordingly.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Third Point underperforms benchmarks amid crypto-related hit

Third Point Investors Ltd - feeder fund that invests in the Third Point Offshore Fund - Third Point LLC returns 1.2% in the flagship Offshore Fund during the fourth quarter of 2022, compared with the 500 Index return of 9.9% and the MSCI World Index return of 7.5% in the same period. Says the fourth quarter results lagged the performance of relevant indices, largely due to its defensive positioning, weakness of several large positions, and the write-off or markdowns in crypto-related private investments. Positively, says it sees the current environment as ideal "for an approach to investing that focuses on companies trading at attractive valuations with catalysts to realize full value".

Third Point Investors NAV underperforms against benchmarks

(Alliance News) - Third Point Investors Ltd on Monday said its net asset value per share fell, citing a technology firms and an electric vehicle carmaker as the main detractors.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Third Point Investors reports negative NAV return in April

Third Point Investors Ltd - feeder fund that invests in the Third Point Offshore Fund - Returns minus 1.2% on a net asset value basis in April. Positive contribution from utility company Pacific Gas & Electric Co. Main detractors were cybersecurity company SentinelOne Inc, e-commerce company Amazon.com Inc and life sciences company Danaher Corp.

IN BRIEF: Third Point Investors net asset value rises 24% in 2021

Third Point Investors Ltd - multi-strategy investment - Net asset value per share rises by 24% to USD32.37 on December 31 from USD26.18 the same date a year before. Over the same period, Third Point Investors' share price rose by 31%, narrowing the discount to 14% from 19%. Since the start of 2022, the discount has narrowed further to 11%, though the share price is down 13%.

IN BRIEF: Third Point receives 6.1 million exchange requests

Third Point Investors Ltd - close-end fund managed by Third Point LLC - Announces results of its 2022 exchange facility in which investors had the opportunity to convert Third Point Investors shares into shares of Third Point’s Cayman Fund at a 2% discount to NAV per Third Point Investors share. Receives exchange requests of 6.1 million shares, representing an estimated USD170 million using the estimate of net asset value at March 16. Company intends to exchange USD75 million of value as measured by the March 31 NAV.