Author: Fiona Craig

SEGRO (LSE:SGRO) reported a robust performance for 2025, achieving record new contracted rent of £99 million and like-for-like net rental income growth of 6.0 per cent. Adjusted earnings per share and dividends per share both increased by 6.1 per cent, supported by strong leasing activity and a high occupancy rate of 94.9 per cent. Development completions, the majority of which were pre-let, generated an attractive yield of 8.2 per cent.

Management emphasised the scale of embedded growth within the existing portfolio, citing opportunities from rent reversion and leasing vacant space, alongside a sizeable pipeline of industrial, logistics and powered shell data centre projects. The group expects these drivers, combined with disciplined capital allocation and moderate leverage, to sustain rental growth and compound earnings and dividends over time.

SEGRO estimates a further £152 million of potential rental uplift from its standing portfolio, in addition to up to £355 million of prospective new rent from developments across industrial, logistics and data centre assets. Targeted development yields are in the 7–8 per cent range. With one of Europe’s largest powered land banks dedicated to data centres, the company plans to increase development capital expenditure in 2026, leveraging its strengthened balance sheet to reinforce its presence in key European markets where demand for logistics and digital infrastructure continues to intensify.

Overall, SEGRO’s outlook reflects solid financial foundations, supportive technical momentum and a valuation viewed as reasonable relative to growth prospects. While macroeconomic headwinds remain a consideration, the company’s strategic positioning in supply-constrained urban and logistics hubs, together with expanding data centre exposure, underpins confidence in its longer-term growth trajectory.

More about SEGRO plc (REIT)

SEGRO plc is a UK-listed real estate investment trust specialising in modern, sustainable industrial, logistics and data centre properties across Europe. Its portfolio is concentrated in prime urban areas and major transport corridors, serving customers seeking energy-efficient space to support e-commerce expansion, resilient supply chains and growing digital infrastructure requirements.

Digital 9 Infrastructure plc (LSE:DGI9) has issued a shareholder circular and convened a general meeting to approve amendments to its articles of association, introducing a compulsory redemption framework as part of its managed wind-down strategy. The proposed mechanism would enable the company to distribute cash to investors through pro rata redemptions of ordinary shares, which would be converted into redeemable shares for this purpose.

The structure is designed to facilitate capital returns while ensuring the company retains adequate working capital and remains solvent in accordance with Jersey law. The first compulsory redemption is anticipated in late April 2026. The redemption price is expected to be set at a modest premium to the prevailing market price, subject to a cap at net asset value per share.

Digital 9 said it intends to keep its London Stock Exchange listing in place for as long as feasible during the realisation process. The circular outlines technical details including ISIN adjustments, CREST settlement procedures and UK tax considerations. Shareholders are encouraged to review the documentation carefully and submit proxy votes ahead of the general meeting.

Financially, the company’s profile remains under pressure, reflecting significant recent losses, negative revenue, declining equity and volatile cash flows. Technical indicators also suggest weakness, with the share price trading below key moving averages and momentum measures pointing lower. Valuation metrics offer limited guidance due to the absence of meaningful earnings and dividend data.

More about Digital 9 Infrastructure Plc

Digital 9 Infrastructure plc is a London-listed investment trust and constituent of the FTSE All-Share, focused on digital infrastructure assets such as data centres, subsea cables and telecommunications networks. The company is currently undertaking a managed wind-down of its portfolio, overseen by InfraRed Capital Partners as its AIFM and investment manager, with the objective of returning capital to shareholders in an orderly manner.

Metals Exploration PLC (LSE:MTL) has raised approximately £643,347 after receiving exercise notices for options covering 14,473,500 new ordinary shares at an average price of £0.0445. The shares are expected to be admitted to trading on AIM on or around 24 February 2026, providing a modest boost to the company’s equity base and reflecting the continued use of share-based incentives.

Following admission, the company’s issued share capital will total 3,273,720,868 ordinary shares. Of these, 299,385,458 will be held in treasury, leaving 2,974,335,410 shares with voting rights. The revised figure becomes the benchmark for shareholders assessing their disclosure obligations under UK transparency rules. While the issuance results in slight dilution for existing investors, it clarifies the group’s updated capital structure.

Operationally, the company’s outlook is underpinned by improving financial metrics, including revenue growth, stronger margins and healthy cash generation. Technical indicators reinforce the positive trend, though momentum measures suggest the shares may be approaching overbought territory in the near term. Valuation remains less supportive due to a negative price-to-earnings ratio and the absence of dividend yield data.

More about Metals Exploration

Metals Exploration PLC is a gold production, development and exploration company with principal assets in the Philippines and Nicaragua. Listed on AIM in London, the group focuses on advancing and expanding its gold operations in these jurisdictions to deliver production growth and long-term shareholder value.

First Tin PLC (LSE:1SN), the tin development group with assets in Germany and Australia, has confirmed that it will release its interim results for the six months ended 31 December 2025 on 25 February 2026. Alongside the results announcement, the company will host a live online presentation for investors.

The session will be conducted via the Investor Meet Company platform and will be accessible to both existing shareholders and prospective investors. Management said the event reflects its commitment to improving transparency and maintaining open communication as it advances its development pipeline.

First Tin is focused on building a supply of ethically sourced tin from conflict-free, politically stable jurisdictions. The company aims to develop two relatively low-capex, de-risked projects in line with high environmental standards, positioning itself to benefit from increasing tin demand linked to electrification and clean energy technologies.

From a financial standpoint, the outlook remains constrained by the absence of revenue, widening losses and continued cash outflows. However, the company maintains a debt-free trailing twelve-month balance sheet supported by a substantial equity base. Technical indicators show positive momentum, although shares appear somewhat stretched. Valuation metrics remain challenging given ongoing losses and the lack of dividend payments.

More about First Tin Plc

First Tin PLC is a tin development company advancing projects in Germany and Australia. It seeks to become a reliable, sustainable supplier of tin from low political risk regions, targeting the production of this critical metal used in decarbonisation technologies, electronics and renewable energy infrastructure.

Residential Secure Income plc (LSE:RESI), the UK-focused real estate investment trust specialising in independent retirement living and shared ownership housing, has announced an interim dividend of 1.03 pence per ordinary share. The payment will be made as a Property Income Distribution from its tax-exempt rental operations for the financial year ending 30 September 2025.

The company reiterated that it intends to continue quarterly dividend payments under the REIT framework while carrying out the orderly wind-down of its portfolio, a process approved by shareholders in 2024. Although the strategy now centres on asset disposals and capital preservation, the board signalled that income distributions to investors will continue during the managed realisation phase.

Residential Secure Income operates through its Registered Provider subsidiary, ReSI Housing Limited, partnering with public and private developers to deliver regulated, long-term affordable housing solutions. Its investments have historically focused on inflation-linked rental streams from housing for older residents and shared ownership customers.

From a financial perspective, the outlook remains pressured by declining profitability and uneven revenue performance. Technical indicators show weak share price momentum, with the stock trading below key moving averages. However, positive free cash flow generation and a relatively high dividend yield offer some support. The balance sheet picture is less clear following a marked shift to zero reported debt in 2025.

More about Residential Secure Income

Residential Secure Income plc is a UK-listed REIT dedicated to independent retirement rentals and shared ownership homes. Its strategy has focused on delivering secure, inflation-linked returns from affordable residential property, working alongside housing associations, local authorities and private developers to expand access to quality housing for older residents and aspiring homeowners.

Chrysalis Investments Limited (LSE:CHRY) has appointed Sam Dobbyn as a non-executive director with immediate effect, as the company advances a revised strategic direction. Dobbyn brings experience from roles at Allied Minds PLC and Urban Exposure PLC and is expected to help steer the firm through its current transition phase.

In his new position, he will serve as a central point of coordination between the board, the investment adviser and other professional advisers. His remit includes overseeing execution of the updated strategy and ensuring continuity in the management of key portfolio holdings.

Chairman Andrew Haining said Dobbyn’s familiarity with public markets and his previous advisory work with the board make him well suited to help deliver the refreshed strategy in the interests of shareholders. His appointment will be subject to shareholder approval at the 2026 AGM. The move underscores Chrysalis’s focus on strengthening governance and reinforcing oversight as it reshapes its portfolio approach.

From an investment standpoint, the group’s profile reflects mixed fundamentals. While profitability has recently rebounded and leverage remains low, historical volatility and negative operating and free cash flow in 2025 weigh on overall financial quality. Technical indicators are currently supportive, with positive momentum, and a relatively low price-to-earnings ratio enhances the valuation case.

More about Chrysalis Investments Limited

Chrysalis Investments Limited is a UK-listed alternative investment fund focused on growth-oriented assets. Its investment management is undertaken by G10 Capital Limited under the AIFM framework, with Chrysalis Investment Partners LLP acting as investment adviser to support portfolio strategy and oversight in public markets.

Finseta plc (LSE:FIN), the AIM-listed foreign exchange and payments provider, has confirmed the appointment of Andrew Richards as its permanent Chief Financial Officer and Executive Director. Richards steps into the role after serving briefly as interim CFO and brings more than 25 years of experience across financial services and insurance.

His background includes senior finance positions at Chesnara plc and Deloitte, where he developed expertise in regulatory compliance, financial controls and strategic financial management. Finseta expects his appointment to enhance the group’s reporting standards, governance framework and operational execution as it targets faster expansion.

Chairman Gareth Edwards said Richards’ experience in highly regulated, multi-jurisdictional environments aligns well with the company’s international growth ambitions. Richards commented that the business has undergone significant transformation in recent years and is now positioned to accelerate its development, reinforcing the existing strategy.

From a market perspective, the company’s narrative reflects strengthened corporate confidence and improving financial metrics. However, technical indicators remain cautious, and valuation appears balanced rather than compelling. While strategic initiatives and director share purchases provide supportive signals, prevailing chart trends suggest some near-term restraint.

More about Finseta plc

Finseta plc is a London-headquartered foreign exchange and payments specialist offering multi-currency accounts and cross-border payment solutions to businesses and private clients. Through its proprietary technology platform and tailored client service, the company facilitates transactions in more than 165 countries and over 150 currencies, operating under multiple international regulatory frameworks.

VH Global Energy Infrastructure plc (LSE:ENRG) has confirmed an interim dividend of 1.45p per share covering the period from 1 October to 31 December 2025. Of this total, 0.40p per share will be treated as an interest distribution. The payment is scheduled for 8 April 2026 to shareholders recorded on the register as of 6 March, in line with the company’s established quarterly distribution policy.

The board reaffirmed its commitment to maintaining quarterly dividends. However, it noted that the level of future payouts will be shaped by income generated from the remaining assets as the company continues to execute its asset realisation strategy. As the portfolio is gradually reduced, cash generation dynamics may shift, meaning dividend amounts could fluctuate over time — an important consideration for investors seeking stable income.

More about VH Global Energy Infrastructure

VH Global Energy Infrastructure plc is an investment company focused on energy infrastructure assets. It is managed by Victory Hill Capital Partners, a London-based specialist in energy financing with experience across both conventional and renewable projects worldwide. The manager targets resilient, sustainable returns while supporting the global energy transition and aligning investments with recognised sustainability frameworks.

Tertiary Minerals plc (LSE:TYM) has made its Annual Report for the financial year ended 30 September 2025 available on its website, together with the formal notice convening its 2026 Annual General Meeting. Shareholders registered on the company’s books are being contacted by post or email with details on how to access the documents and submit proxy votes.

The AGM is scheduled to take place on 19 March 2025 at Mottram Hall in Cheshire. Proxy voting is now open, with full instructions provided in the published Annual Report. The update is primarily procedural, ensuring investors are informed about document availability and the timetable for participation in the meeting.

The AGM will provide shareholders with the opportunity to review the company’s performance over the past year and vote on key resolutions. While Tertiary Minerals continues to report losses and negative cash flow, it maintains a solid equity base. Management points to exploration projects in Zambia and Nevada as potential long-term value drivers. Market indicators currently suggest neutral share price momentum, though valuation metrics remain pressured by the absence of earnings.

More about Tertiary Minerals

Tertiary Minerals plc, quoted on AIM under the ticker TYM, is a mineral exploration and development company. Its strategy centres on identifying and advancing resource projects, particularly those linked to metals and minerals critical to global supply chains, with activity spanning jurisdictions including Zambia and the United States.