08 Dec 2022
Structurally positive
The detail in the recently published Q3 NAV statement (+2.6% TR) bodes well for future returns. Specific items include a conservative assumption for UK inflation in 2023 (2.75%), the avoidance of UK Windfall taxation (due to scale), higher discount rates (wgt. av. 7.7%, +0.5%) and the disclosure that the post period investments in UK solar and Swedish Hydro power have base case returns in excess of the revised portfolio discount rate. In our opinion, DORE is well placed to act as a diversifying ....
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Structurally positive
Downing Renewables & Infrastructure Trust Plc (DORE:LON) | 75.3 0 0.0% | Mkt Cap: 133.5m
- Published:
08 Dec 2022 -
Author:
Charles Murphy -
Pages:
5
The detail in the recently published Q3 NAV statement (+2.6% TR) bodes well for future returns. Specific items include a conservative assumption for UK inflation in 2023 (2.75%), the avoidance of UK Windfall taxation (due to scale), higher discount rates (wgt. av. 7.7%, +0.5%) and the disclosure that the post period investments in UK solar and Swedish Hydro power have base case returns in excess of the revised portfolio discount rate. In our opinion, DORE is well placed to act as a diversifying ....