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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Downing Renewables & Infrastructure Trust Plc | DORE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 82.00 | 13:26:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 82.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 20/08/2024 | Interim | GBP | 0.0145 | 29/08/2024 | 30/08/2024 | 27/09/2024 |
| 22/05/2024 | Interim | GBP | 0.0145 | 30/05/2024 | 31/05/2024 | 28/06/2024 |
| 20/02/2024 | Interim | GBP | 0.01345 | 29/02/2024 | 01/03/2024 | 28/03/2024 |
| 16/11/2023 | Interim | GBP | 0.01345 | 30/11/2023 | 01/12/2023 | 29/12/2023 |
| 22/08/2023 | Interim | GBP | 0.01345 | 31/08/2023 | 01/09/2023 | 29/09/2023 |
| 23/05/2023 | Interim | GBP | 0.01345 | 01/06/2023 | 02/06/2023 | 30/06/2023 |
| 23/02/2023 | Interim | GBP | 0.0125 | 02/03/2023 | 03/03/2023 | 31/03/2023 |
| 24/11/2022 | Interim | GBP | 0.0125 | 01/12/2022 | 02/12/2022 | 30/12/2022 |
| 24/08/2022 | Interim | GBP | 0.0125 | 01/09/2022 | 02/09/2022 | 30/09/2022 |
| 11/05/2022 | Interim | GBP | 0.0125 | 26/05/2022 | 27/05/2022 | 30/06/2022 |
| 24/02/2022 | Interim | GBP | 0.0125 | 03/03/2022 | 04/03/2022 | 31/03/2022 |
| 25/11/2021 | Interim | GBP | 0.0125 | 02/12/2021 | 03/12/2021 | 31/12/2021 |
| 02/09/2021 | Interim | GBP | 0.01 | 09/09/2021 | 10/09/2021 | 30/09/2021 |
| Top Posts |
|---|
Posted at 26/9/2024 14:48 by gbcol Yes rather disappointing share price reaction (or lack of it). On the positive side, should get latest divi tomorrow, which I’ll be reinvesting back. This sale of Swedish assets reinforces confidence in the robustness of NAV, and will be useful funds to reduce RCF and for buybacks.More patience needed unfortunately until we get share price anywhere near NAV again. Hopefully a couple of interest rate cuts by year end, which would help. |
Posted at 19/9/2024 07:34 by gbcol Another solid update.“NAV as at 30 June 2024 of £207.6 million, 117.9 pence per ordinary share, an increase of 0.2 pence per ordinary share compared to the NAV as at 31 December 2023.” |
Posted at 12/8/2024 09:15 by gbcol Good, solid, well run IT that is underrated IMO. Probably needs to be larger to get more traction but that’s not viable in the current climate. I’ve got a decent holding in this which I’m happy to reinvest my divis into, particularly at current discounts to NAV.Interim results in September. Would be good if they can edge up the divi a bit. |
Posted at 12/8/2024 07:31 by spangle93 Some positive news updates from 3 of the company's assets.The first of the hydropower plants in Sweden is now getting additional revenue from the Frequency Containment Reserve markets, the Mersey Reactive Power shunt now can earn Pathfinder funding through the year, and the enegery distribution network in Sweden can pass on more of its CAPEX interest in fees. Next dividend declaration should be towards the end of August |
Posted at 11/6/2024 07:58 by mwj1959 The update was fine and comforting. At 78p DORE trading on a 34% discount and a 7.5% dividend (on 2024 tgt). Discount at the high end of the Renewables and Infrastructure universe, but dividend in bottom half. The problem with the company is its size and lack of liquidity. At £140m mkt cap it's too small from a liquidity perspective to be of interest to the majority of Institutional / Discretionary investors. This point was emphasised to me by one of the former the other day. DORE are clearly not the only one in that bucket currently, but it does mean that, outside any major corporate action (there is no continuation vote scheduled as far as I am aware) or collapse in bond yields, there is unlikely to be any material narrowing of the discount. So this remains very much an income stock to me with the potential at some point for some capital upside. |
Posted at 10/6/2024 07:59 by spangle93 Thanks - for some reason the news hasn't yet appeared on Investegate, though the buy back RNS has. |
Posted at 10/6/2024 06:40 by gbcol Decent update today. NAV now up to 119.2p. They continue to enhance the assets in their portfolio. I’m have been a fan of DORE since inception, which I think is very well run. I have been adding recently and will continue to do so while this large discount to NAV persists. |
Posted at 20/5/2024 11:45 by spangle93 Latest Quoted Data research noteUnlike tip sheets there's no strong bias to buy the shares. Instead they provide multiple pages of analysis to support their view "Reflecting poor sentiment towards the renewables sector, DORE’s share price has fallen significantly during the last 18 months, while its NAV has been resilient. We think the current discount level offers an excellent investment opportunity. The share price chart illustrates how dramatically the shares of DORE have fallen relative to the NAV over the last couple of years. Promisingly however thanks to the underlying health of the portfolio and its increasingly positive growth outlook, we expect to see a significant re- rating of the company’s shares |
Posted at 13/4/2024 08:07 by spangle93 Citywire commentconcludes... Given the shares are trading well below par, the fund cannot raise cash through the public market, so Downing is considering finding a co-investor for the Swedish hydro portfolio, which totals 20 assets, validating the NAV and helping also to drive a rerating in the shares. Williams said they could sell other assets to generate more cash, but solar in the UK is pretty well marked to market already. Debt stands at 40% of gross asset value, costing 5%-6%, Williams said, pointing out that they could use excess cash to pay it off within two years, but the cash was better used investing in hydropower. Deutsche Numis analyst Colette Ord said the addition of the non-generating assets was a point of difference versus peers and highlighted both the breadth of DORE’s mandate and focus on diversification of both technology and revenue stream. She added that the 36% discount was 16% below its sector peers, ‘which in-part reflects the fund being viewed as sub-scale’. |
Posted at 20/2/2024 08:05 by spangle93 Next dividend scheduleThe Board of DORE is pleased to declare a dividend in respect of the period from 1 October 2023 to 31 December 2023 of 1.345 pence per Ordinary Share. The dividend will be paid on or around the 28 March 2024 to shareholders on the register on 1 March 2024. The ex-dividend date will be 29 February 2024. |
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