17 Oct 2022
Timely disclosure sets a positive tone
Trading at a 13% discount to NAV (versus a 1.1% 12m average discount) and yielding 5%, DORE has de-rated with the wider sector. We attribute the generalised de-rating to a combination of higher risk free rates combined with specific concerns regarding the UK Government’s windfall revenue proposals. DORE’s timely disclosure regarding its revenue profile highlights a minimal impact from the windfall revenue proposal & the potential for upside from the CFD. In the light of this new information, we ....
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Timely disclosure sets a positive tone
Downing Renewables & Infrastructure Trust Plc (DORE:LON) | 75.3 -0.2 (-0.3%) | Mkt Cap: 133.5m
- Published:
17 Oct 2022 -
Author:
Charles Murphy -
Pages:
3
Trading at a 13% discount to NAV (versus a 1.1% 12m average discount) and yielding 5%, DORE has de-rated with the wider sector. We attribute the generalised de-rating to a combination of higher risk free rates combined with specific concerns regarding the UK Government’s windfall revenue proposals. DORE’s timely disclosure regarding its revenue profile highlights a minimal impact from the windfall revenue proposal & the potential for upside from the CFD. In the light of this new information, we ....