Investment Trust Dividends

Doceo Discount Watch

This week’s Discount Watch sees another big drop in the number of investment companies trading at 52-week high discounts – down nine to 18 from 27.

ByFrank Buhagiar•15 Apr, 2024

We estimate there to be 18 investment companies whose discounts hit 12-month highs over the course of the week ended Friday 12 April 2024 – nine less than the previous week’s 27.discount watch pic 15.04.24

True, big drop at the headline level from 27 to 18, but no change in terms of which sector accounts for the lion’s share of funds trading at year-high discounts – renewable energy infrastructure. Once again, seven renewables-focused Trusts make it onto the list. On the positive front, UK Equity Income funds appear to be over their bad case of discountitis. It was only Week 12 when the sector contributed seven names to the list. Week 15 and the tally is down to just one fund.

The top-five discounters

FundDiscountSector
Gresham House Energy Storage GRID-72.42%Renewables
LMS Capital LMS-68.93%Private Equity
Downing Strategic Micro-cap DSM-53.70%UK Micro-cap
EJF Investments EJFI-43.91%Debt
Downing Renewables & Infrastructure DORE-37.28%Renewables

The full list

FundDiscountSector
Scottish Oriental Smaller Cos SST-18.48%Asia Pacific Smaller Cos.
NB Global Monthly Inc NBMI-31.55%Debt
EJF Investments EJFI-43.91%Debt
Develop North DVNO-1.36%Debt
Templeton Emerging Mkts TEM-16.45%Emerging Markets
Apax Global Alpha APAX-35.88%Private Equity
LMS Capital LMS-68.93%Private Equity
Greencoat Renewables GRP-25.40%Renewables
Octopus Renewables Infrastructure ORIT-35.06%Renewables
Gresham House Energy Storage GRID-72.42%Renewables
Bluefield Solar Inc BSIF-28.39%Renewables
Downing Renewables & Infrastructure DORE-37.28%Renewables
Foresight Solar FSFL-31.23%Renewables
NextEnergy Solar NSFL-34.90%Renewables
Shires Income SHRS-15.70%UK Equity Income
Downing Strategic Micro-cap DSM-53.70%UK Micro-cap
BlackRock Throgmorton THRG-10.94%UK Smallers
Henderson Smallers HSL-15.36%UK Smallers

1 Comment

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