AVI Global Trust (AGT) provides investors with a differentiated, attractively valued global equity exposure. Manager Joe Bauernfreund at Asset Value Investors (AVI) seeks quality assets that are trading at a discount to their intrinsic value, which have an identifiable catalyst to enable value to be realised. He is finding opportunities across AGT’s range of asset classes: holding companies, closed-end funds and asset-backed special situations. While the pull-back in absolute

HELIOS UNDERWRITING PLC (HUW) continued to perform well in FY25. NAV per share increased c 21p to 263p, rising in each quarter, and including DPS paid of 10p per share, the total NAV return to shareholders was c 31p or 12.3%. Including dividends and share repurchases, a total of 20p per share was returned to shareholders. Pipeline profits strengthened and will be supportive in the next two years. The insurance market is cyclical, and while premium rates have started to soften

Filtronic’s FY26 results were broadly in line with Edison Group's recently upgraded estimates. During the year, the company diversified its customer base and invested to ensure the business is able to scale to meet its customers’ technology and production requirements. Filtronic is seeing a growing proportion of multi-year programmes and repeat business, resulting in good visibility entering FY27. Edison maintains their FY27 revenue forecast, which factors in modest growth, b

discoverIE Group plc reported continuing strong momentum in order intake, with Q127 organic order growth of 31% y-o-y, up from 14% in Q426. Q127 revenue was 6% higher on an organic basis with a further 4% contribution from recent acquisitions. The company noted that the positive outlook continues with full year adjusted earnings tracking ahead of board expectations. As it is still early in the year, Edison Group has conservatively made a small upgrade to their forecasts, with

Molten Ventures expects a 13% increase in NAV per share in total return terms in FY26 (end-March 2026) and a 12.2% fair value growth of its gross portfolio at constant currency, driven by strong performance of several Core holdings (including ICEYE, @Revolut, Ledger and Riverlane) and a c 3.1% NAV accretion from the £38m share buybacks, which more than offset the impact of lower comparable public multiples. Revenue growth across Molten’s Core portfolio reached 40% in FY26. Mo

HELIOS UNDERWRITING PLC (Helios) released its Q425 quarterly Lloyd’s of London syndicate mid-points for the 2023 and 2024 years of account (YOA) on 9 April 2026. The mid-points, which provide guidance on the ultimate expected underwriting performance of the syndicates, have shown positive development over the past quarter and are supportive of our earnings forecasts for the company in FY25 and FY26. With large 2023 YOA profits expected to be realised in May 2026, Helios has

HELIOS UNDERWRITING PLC (Helios) is set to benefit from strong cash generation as its syndicate investments start distributing dividends relating to very profitable business written since 2022. Under its new IFRS accounting standard, it is classified as an investment company, and we forecast strong dividend income of £19.9m in FY25, growing to £37.6m in FY26. The cash from syndicates could be used to pay down debt and fund shareholder distributions on top of the recent £7.3m

MCB Group Ltd (MCBG) is the leading financial services group in Mauritius and a pan-African player. The group launched its Vision 2030 strategy in 2025, which sets out the goals and objectives for the next five years. MCBG has consistently delivered a high-teens return on equity (ROE), generating 16.4% in FY25. Consistent profitability, coupled with a sound capital base (a Tier-1 ratio of 19.6% at end-June 2025), allows MCBG to distribute an attractive dividend, currently yi

Westcon-Comstor has acquired REAL Security, a specialist distributor of cybersecurity products active in eight countries across the Balkans. This represents the division’s first foray into the region, adding to the 17 European countries in which it already operates. Transaction details were not disclosed and Edison Group maintains their forecasts. Edison views this acquisition as creating a foothold for Westcon-Comstor in the region where it can use its scale to accelerate

Edinburgh Worldwide Investment Trust (EWI) is once more under fire from activist US hedge fund Saba Capital Management. This is an urgent call to action for EWI shareholders to make their feelings known. Saba received a resounding rebuff when it tried to oust EWI’s board in February 2025, with 64.7% of EWI’s share base casting their vote and 63.8% voting against Saba (98.4% of votes ex Saba and their associates were against). The company is now trying, for a second time, to

LAMDA Development S.A. has generated a strong operational and financial performance year-to-date, across all segments of the business, with momentum accelerating during Q325. EBITDA for the operational malls and marinas are at record levels and the Ellinikon project is on a strong growth trajectory, while construction progress is accelerating. 23 December 2025 Edison Group #Financial #Investment #Research https://www.linkedin.com/feed/update/urn:li:activity:741502858

JPMorgan European Discovery Trust (JEDT) is benefiting from improved performance under the management of Jon Ingram, Jack Featherby and Jules Bloch, who took over the reins at the beginning of March 2024. The managers are bullish on the prospects for European small-cap equities, which have lagged during a volatile time in the market, despite being one of the best-performing asset classes over the long term. Ingram, Featherby and Bloch employ a team-based approach to stock sel