Discount Watch
This week’s Discount Watch sees 27 Investment Companies trading at 52-week high discounts. Eight less than last week. A sign things are looking up for the sector, or just a blip?

By
Frank Buhagiar
08 Apr, 2024

We estimate there to be 27 investment companies whose discounts hit 12-month highs over the course of the week ended Friday 05 April 2024 – eight less than the previous week’s 35.discount watch pic 1 08.04.24Fair few 52-week highs were made on Tuesday 02 April 2024, a weak day all round for global markets following a sell-off in US Treasuries – strong economic data continues to weigh on the timing of those much-anticipated interest rate cuts. No surprise then that the interest-rate sensitive renewables remain the biggest contributors to the list with seven names, same number as last week. UK Equity Income funds held onto second place but only contributed four names compared to six previously.

The top-five discounters

Fund Discount Sector
Gresham House Energy Storage GRID -72.19% Renewables
LMS Capital LMS -67.30% Private Equity
Life Science REIT LABS -53.99% Property
Gore Street Energy Storage GSF -45.46% Renewables
Downing Renewables & Infrastructure DORE -37.29% Renewables
The full list

Fund Discount Sector
Asia Dragon DGN -19.73% Asia Pacific
Scottish Oriental Smallers Cos SST -18.17% Asia Smaller Cos
NB Distressed Debt NBDD -23.19% Debt
NB Global Income NBMI -26.52% Debt
Real Estate Credit Investments RECI -21.22% Debt
Jupiter Green JGC -30.65% Environmental
RIT Capital Partners RCP -30.56% Flexible
abrdn New India ANII -22.53% India
JPMorgan India JII -20.78% India
LMS Capital LMS -67.30% Private Equity
Value and Indexed Property VIP -27.78% Property
Develop North Prop DVNO -1.26% Property
Life Science LABS -53.99% Property
Gore Street Energy Storage GSF -45.46% Renewables
Bluefield Solar Income BSIF -26.80% Renewables
Downing Renewables & Infrastructure DORE -37.29% Renewables
Foresight Solar Income FSFL -30.24% Renewables
Greencoat Renewables GRP -24.43% Renewables
Gresham House Energy Storage GRID -72.19% Renewables
Octopus Renewables Infrastructure ORIT -33.36% Renewables
Dunedin Income Growth (DIG) -12.88% UK Equity Inc
Shires Income SHRS -15.03% UK Equity Inc
Merchants MRCH -4.56% UK Equity Inc
Schroder Income Growth SCP -14.80% UK Equity Inc
Miton UK Microcap MINI -17.54% UK Microcap
BlackRock Throgmorton THRG -10.52% UK Smallers Cos
Henderson Smallers HSL -15.27% UK Smallers Cos