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Share Name Share Symbol Market Type Share ISIN Share Description
Downing Renewables & Infrastructure Trust Plc LSE:DORE London Ordinary Share GB00BLF7PP25 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.25 0.24% 103.50 102.50 104.50 103.50 103.25 103.25 52,173 08:14:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments - - - - 142

Downing Renewables & Inf... Share Discussion Threads

Showing 76 to 100 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
25/11/2021
07:20
NAV (102.5p) and quarterly dividend (1.25p) - https://www.investegate.co.uk/downing-renew--38--infra--dore-/rns/net-asset-value-and-dividend-declaration/202111250700025161T/ Performance is proving very strong. I bought into this for the Swedish hydro exposure, and that seems to be a good profit maker.
jonwig
15/10/2021
08:59
I emailed Downing about my frustrations on the PrimaryBid approach. Fair play, the director responsible for fundraising phoned me and explained the reasoning. It seems that they didn’t have many options with the constraints they were working to. Also, apparently is not a cheap option as I had thought but actually quite expensive. They are committed to individual shareholders that make up a good proportion of investors in the fund. They were clearly disappointed with the result of the offer but it shouldn’t affect their immediate plans, proposed acquisitions. From the presentation I think they needed about £25m to complete the next ones lined up, which they can do from this raise plus balance of IPO. The market is not great for fundraisings at the moment with instis not wanting to invest. I’ve personally seen IPOs in the sector pulled due to lack of interest. He reiterated that in future fundraisings, private investors will definitely be included. In this sector fundraising’s are going to be fairly regular IMO. I was impressed that he took the time to call me and I was able to have a good chat about things. I like being able to talk to the guys at the sharp end so feeing positive about their approach.
gbcol
14/10/2021
07:07
GBCol, was writing almost identical myself.Have just further loaded my SIPP with SUPR, as it was available through HL.I think they could have made it if they'd done the same.
aspringo
14/10/2021
07:01
Yes tbh I don’t fully understand Primary Bid as I know it doesn’t work with my SIPP (not without added hassle anyway). I know it’s cheap & efficient for the company but undoubtedly puts off investors like me. This is probably part of why they have fallen so far short, albeit not a big factor. I like this fund and may add in the market if it dips.
gbcol
14/10/2021
06:51
GBCol - I think the ISA prpoblem is a tough one for them to solve. I've used PB twice, and just bed-and-ISA after I've got the shares. PB is at least pretty efficient.
jonwig
14/10/2021
06:31
As a side note, I think using this Primary Bid platform restricts investors. I know it is cheap and that others in sector use it. However for those like me with my funds in SIPPs and ISAs it is not practical. Therefore I don’t use it and didn’t take part. I probably would have done if it had been a more accessible system.
gbcol
14/10/2021
06:28
Yes I thought they were being very conservative at £25m but couldn’t even get that. There have been a lot of IPO’s and raises in the sector recently- including some that got aborted, so obviously quite difficult and competitive sector at the moment. Watched the presentation earlier in week and DORE have some schemes lined up, so hopefully this will be enough for them to push ahead with them - but they’ll need to come back to the market early next year.
gbcol
14/10/2021
06:09
Offer raised £14.5m vs asked for £25m.
jonwig
10/10/2021
08:06
The FT has an article on "global stilling" - wind speeds across northern Europe have been as low as 50% of average for much of this year. This explains a part of the current energy crisis, as renewables can't take up the load. The phenomenon is thought to be caused by the poles warming by more than the equator, reducing the temperature gradient. If so, it won't be just a passing phenomenon. The positive thing with DORE is that it's 52% hydro and 34% solar. There is no wind in the portfolio.
jonwig
30/9/2021
06:06
I'd have thought Swedish hydro power would be pretty problem-free, so that will be te lower end (5.5%). All these companies watch each others' rates - it wouldn't do to get far out of line.
jonwig
29/9/2021
21:43
Discount Rate "The weighted average discount rate of the portfolio at 30 June 2021 was 7.3%." I think that's reasonable.
bathcoup
29/9/2021
06:18
Thought they would be going for a lot more than that. £25m ish doesn’t sound very ambitious. From memory that still doesn’t get them close to the total amount they initially wanted to raise in the IPO. Guess this is just very short term and there will be another raising not too far down the line.
gbcol
29/9/2021
06:09
Money wanted! Placing 25m shares at 102.5p. PIs not invited. Won't upset the share price over-much I think.
jonwig
10/9/2021
09:55
DORE will be presenting at the Mello Events Trusts and Funds webinar on Tuesday 14th September at 3-7:30pm. The event is free and you can get a ticket here: Https://melloevents.com/trustsandfunds14thsept/ The programme is as follows: 3.00 pm Mello introduction and welcome 3.05 pm The AIC and the benefits of investing in Investment Trusts & Funds 3.30 pm Company presentation by India Capital Growth Fund 4.00 pm Reg Hoare presents an update on Investment Trusts & Funds 4.15 pm Company presentation by Sanford DeLand Free Spirit Fund 4.45 pm David Stredder interviews Alyx Wood, Fund Manager at Kernow AM 5.05 pm Introducing Edmund Shing, private investor in Investment Trusts & Funds 5.15 pm Company presentation by Next Energy Solar Fund 5.45 pm Company presentation by Downing Renewable & Infrastructure Trust (DORE) 6.15 pm Money Makers – Join Jonathan and Simon for the latest Investment Trust news 6.35 pm Investment Trusts & Funds panel session with Q&A
melloteam
06/9/2021
16:21
Decent results presentation today, although obviously basically just going over the half year report already issued. They seem very happy with progress to date and with the pipeline of opportunities. Very likely to be a capital raise before the end of the year to take advantage of the pipeline opps. I expect that I would take part in it when it comes along. As we know, next three quarterly divis will be 1p, then upped to 1.25p but they want to have a progressive divi strategy, so hopefully will grow from there. Still early days, but I’m happy with how it’s going so far. Hopefully can eek out another penny or two onto share price before the capital raise. Presentation was recorded so should be on the website in the coming days, not over long, so worth a watch IMO.
gbcol
02/9/2021
08:32
Yes, got to be happy with those results and progress to date. To be fair, I had some early doubts but was probably just being a bit impatient as I went quite big on this in the IPO. I bought primarily for divi so pleased that is ahead of target. Good to be trading at a premium to NAV too. I assume that the BOD are hoping the share price increases a bit on the back of these results so that they can do a fund raising at over NAV in the near future.
gbcol
02/9/2021
08:27
Put < B > in front of the text and < / B > at the end. Or I or U in place of B. (Close up the spaces in the above, when using.)
jonwig
02/9/2021
07:49
from IPO prospectus: "The Company will target an initial dividend yield of 3% by reference to the Issue Price in respect of the calendar year to 31 December 2021, rising to a target dividend yield of 5% by reference to the Issue Price in respect of the calendar year to 31 December 2022. Thereafter, the Company intends to adopt a progressive dividend policy. The Company is targeting a NAV total return of 6.5% to 7.5% per annum over the medium to long-term." Now DORE is paying 3.5p, not 3p, dividend per share for the period from IPO to 31 December 2021, but a target dividend yield of 5% thereafter has not changed. jonwig, How do I boldface, underline or italicize my text? Thanks. [Edit: following jonwig's advice below, I've emboldened some text above.]
bathcoup
02/9/2021
07:30
Maiden set of results: https://www.investegate.co.uk/downing-renew--38--infra--dore-/rns/half-year-report/202109020700084710K/ Should banish any lingering doubts here. Performance targets beaten, NAV and dividend increases.
jonwig
24/6/2021
13:55
Some others such as ORIT have gone the other way. Maybe switching was the answer.
jonwig
24/6/2021
13:25
The discount has turned into a tiny premium now! Hopefully a sign of good things to come.
kandiru
12/6/2021
17:16
Just to let shareholders and prospective investors know that Downing Renewables & Infrastructure Trust plc (DORE), BB Healthcare Trust plc, Impax AM, Sterling Investments, Antler, Vietnam Holding and Golden Prospect Precious Metals will be presenting at Mello Events Trusts and Funds webinar event on Tuesday 15th June at 4pm-8pm. There will be over 600 investors attending and these are very popular shows with the latest insights and analysis from investment managers, research professionals, analysts and experienced investors. You can get 70% off your ticket using the code TF70OFF. Https://melloevents.com/trustsandfunds/
melloteam
04/6/2021
11:25
These shares are on 4%-5% discount to the net assets value and the yield is 3% rising to 5% in future. As far as investment trusts in general this does not strike me as particularly cheap. Maybe it is cheap compared to other ITs focused on the renewable energy sector?
brwo349
03/6/2021
17:21
I have just been listening to the presentation and am inclined to recommend these shares to my wife who subscribes to the Guardian and is well disposed to Renewables. The slides referred to a GAV of £201 million as well as a NAV of £122 million. Can anyone here tell me that might be meant by GAV ?
varies
26/5/2021
15:05
Thanks all, for the presentation comments. I'd no chance of listening, but hope to catch up with the slides. This one does look like an outlier. Maybe will take time to get a firmer valuation.
jonwig
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