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 Shares Traded Last Trade
  0.00 0.0% 102.50 191,547 08:00:15
Bid Price Offer Price High Price Low Price Open Price
102.00 103.00 102.50 102.25 102.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 140
Last Trade Time Trade Type Trade Size Trade Price Currency
16:21:17 O 14,245 102.00 GBX

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Date Time Title Posts
15/10/202109:59::: Downing Renewables & Infrastructure Trust plc :::90

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Downing Renewables & Inf... (DORE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-10-19 15:21:17102.0014,24514,529.90O
2021-10-19 15:15:02102.005,8936,010.86O
2021-10-19 15:07:02102.472,6622,727.74O
2021-10-19 15:04:47102.472,6622,727.74O
2021-10-19 14:58:43102.473,9033,999.39O
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Downing Renewables & Inf... (DORE) Top Chat Posts

Downing Renewables & Inf... Daily Update: Downing Renewables & Infrastructure Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker DORE. The last closing price for Downing Renewables & Inf... was 102.50p.
Downing Renewables & Infrastructure Trust Plc has a 4 week average price of 102.25p and a 12 week average price of 98.50p.
The 1 year high share price is 104.25p while the 1 year low share price is currently 94p.
There are currently 137,008,487 shares in issue and the average daily traded volume is 76,247 shares. The market capitalisation of Downing Renewables & Infrastructure Trust Plc is £140,433,699.18.
gbcol: 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.
jonwig: 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: Money wanted! Placing 25m shares at 102.5p. PIs not invited. Won't upset the share price over-much I think.
melloteam: 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
bathcoup: 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.]
jonwig: 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.
melloteam: 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/
gbcol: Re post 47 and my email to IR regarding my frustrations and queries. I had to chase up a response. What I got back wasn’t very enlightening but key bits are below FYI. NAV to be updated later in month which might be informative. “ To give you an update in the interim: We are pleased to have deployed the majority of the capital raised ahead of schedule in just five months since DORE listed. We have invested in a diverse set of assets that supports DORE’s investment policy of diversification of technology and geography: a hydro portfolio in Sweden and solar portfolio in the UK respectively. Pipeline is strong and we expect high levels of activity to continue throughout the year. Valuations are currently been undertaken and we will be publishing the NAV update alongside the fact sheet later this month.” They are also updating their website, which might provide a bit more information going forward.
jonwig: Once you have the nav premium, you tend to hold it (ORIT, GRID, etc); the new entrants need some results to get into the super league, though DGI9 seems to have made it straight away. So far there's no evidence that DORE is inferior, just that it hasn't the evidence yet.
gateside: I don't own any DORE and am not giving advice..... I bought ORIT which floated a year earlier. It did nothing for the first 6 months and there was very little news flow too, like there is here. Then gradually ORIT has drifted upwards and started paying dividends. You'll find you probably won't get your first dividend till towards the end of the year. I personally wouldn't buy into another Renewables float, I'd rather buy, say TRIG or JLEN which are up and running and have money flowing into the company and where dividends are already being paid out quarterly. Maybe stick with it, unless you need the money or see better opportunities. But please DYOR
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