Discount Watch
Yet another drop in the number of investment companies trading at 52-week high discounts – just 10 make it onto the latest Discount Watch List.
By Frank Buhagiar•

We estimate 10 investment companies saw their discounts hit 52-week highs over the course of the week ended Friday 26 April 2024 – five less than the previous week’s 15.
The number of 52-week high discounters has now fallen for four weeks in a row. A major contributor to the latest reduction is the renewable energy infrastructure space. Week ended Friday 19 April, five names from the sector made it onto the list. Seven days on, just two feature – Downing Renewables and Infrastructure (DORE) and Ecofin US Renewables Infrastructure (RNEW).
The reason for renewables renewed lease of life? A generous helping of positive updates have certainly helped – Gresham House Energy Storage (GRID) reported a meaningful improvement in revenues in a 24 April update; Greencoat Renewables (GRP) gave a well-received update of its own on 25 April which included details of a planned share buyback programme; while Octopus Renewables Infrastructure (ORIT) announced a 10-yr Power Purchase Agreement for one of its wind farms.
So, with updates appearing to do the trick, will next week see the two remaining renewables on the list, DORE and RNEW, put out press releases of their own?
The top-five discounters
FUND DISCOUNT SECTOR
Ceiba Investments CBA -71.08% Property
JPEL Private equity JPEL -41.33% Private Equity
Ecofin Renewables Infrastructure RNEW -41.01% Renewables
New Star NSI -39.20% Flexible
VPC Specialty Lending Invest VSL -38.24% Debt
The full list
FUND DISCOUNT SECTOR
VPC Specialty Lending Investments VSL -38.24% Debt
Develop North DVNO -1.55% Debt
Impax Environmental IEM -12.18% Environmental
New Star NSI -39.20% Flexible
JPEL Private equity JPEL -41.33% Private Equity
Dunedin Enterprise DNE -21.69% Private Equity
Ceiba Investments CBA -71.08% Property
Downing Renewables & Infrastructure DORE -37.71% Renewables
Ecofin Renewables Infrastructure RNEW -41.01% Renewables
Fidelity Special Values FSV -10.05% UK All Cos.
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