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QuotedData’s morning briefing 8 April 2024 – CLDN, DORE

230124 morning

In QuotedData’s morning briefing 8 April 2024:

  • Caledonia Investments (CLDN) has provided a quarterly NAV and portfolio update, for the period ending 31 March 2024, ahead of its full year results to be released in May. CLDN has a NAV of £3.0bn, equal to £53.69 per share, which represents a 12 month total return of 7.4%. CLDN has also declared a final dividend of 49.2p per share. While all three of its portfolio sleeves were positive over the year, CLDN’s performance was driven primarily by its investments in listed companies and private capital investments, which returned 14% and 13% respectively. Over the 12 months £344m was invested into new and existing investments while proceeds of £416m were received from the portfolio. The most notable transaction was the acquisition of AIR-Serv Europe, a manufacturer of air, vacuum and jet wash machines, for £142.5 million in April 2023.
  • Downing Renewables & Infrastructure Trust (DORE) has announced that it has signed a long-term pay-as-produced power purchase agreement (PPA) for its recently acquired Icelandic hydropower plant, Urðarfellsvirkjun, for 100% of its electricity production.

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