15 Sep 2022
Strong interim result, NAV TR +14.1%
Following a strong H1 results, the fund is well positioned to continue performing strongly and deploy further capital. The fund’s UK inflation assumptions 7.8% for 2022 declining to 2.75% in 2023 (versus 12.3% currently) feels conservative as do the most recently published power price assumptions. Trading on a 1.3% premium to NAV (June 22), yielding 4.2%, with a progressive dividend policy, cash to deploy, we view DORE as an attractive, diversifying, renewable exposure
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Strong interim result, NAV TR +14.1%
Downing Renewables & Infrastructure Trust Plc (DORE:LON) | 75.7 0 0.0% | Mkt Cap: 134.3m
- Published:
15 Sep 2022 -
Author:
Charles Murphy -
Pages:
3
Following a strong H1 results, the fund is well positioned to continue performing strongly and deploy further capital. The fund’s UK inflation assumptions 7.8% for 2022 declining to 2.75% in 2023 (versus 12.3% currently) feels conservative as do the most recently published power price assumptions. Trading on a 1.3% premium to NAV (June 22), yielding 4.2%, with a progressive dividend policy, cash to deploy, we view DORE as an attractive, diversifying, renewable exposure