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Downing Renweables and Infrastructure Trust - IPO

Posted: November 3rd, 2020, 7:09 am
by ReallyVeryFoolish
Another renewable energy investment launch -

https://www.downing.co.uk/news/new-down ... n-to-float

RVF

Re: Downing Renweables and Infrastructure Trust - IPO

Posted: November 11th, 2020, 6:13 pm
by Pete675
One to avoid imho. I was in at the IPO of Downing Micro Cap, fortunately got out when it rallied to 82p. What is it now, around 50p? Experienced investors learn to give IPOs a miss in general, never mind Downing ones..

Re: Downing Renweables and Infrastructure Trust - IPO

Posted: November 11th, 2020, 6:20 pm
by ReallyVeryFoolish
Pete675 wrote:One to avoid imho. I was in at the IPO of Downing Micro Cap, fortunately got out when it rallied to 82p. What is it now, around 50p? Experienced investors learn to give IPOs a miss in general, never mind Downing ones..

Thank you. Very handy to know. That tips the balance finally towards giving it a miss I think.

RVF

Re: Downing Renweables and Infrastructure Trust - IPO

Posted: November 11th, 2020, 7:10 pm
by Pete675
More on Downing Micro Cap's performance - or lack thereof: https://citywire.co.uk/investment-trust ... y/a1353270

Re: Downing Renweables and Infrastructure Trust - IPO

Posted: November 12th, 2020, 12:50 am
by midgesgalore
Pete675 wrote:One to avoid imho. I was in at the IPO of Downing Micro Cap, fortunately got out when it rallied to 82p. What is it now, around 50p? Experienced investors learn to give IPOs a miss in general, never mind Downing ones..


I get that IPOs are risky and I was bitten about 20 years ago with Web Share Shop that turned into a mining collective called Starvest. Oooft!

Since then I have been very lucky with my ITs - every one a winner so far - so long as I think the IPO launch has a chance of getting to £100 million:
Baillie Gifford USA Growth (USA)
Aberdeen Standard European Logistics Income (ASLI)
Smithson (SSON)
Octopus Renewables (ORIT)

and single shares not quite as lucky:
Hargreaves Lansdown (HL.) Still hold
Esure Insurance (ESUR) Taken over broke even total return
Trustee Savings Bank (TSB) Taken over but profitable
Royal Mail (RMG) - although good job I sold it at profit 2 years later in 2015

Not so good at picking non IPO shares either, e.g., the likes of Carillion :!:
Ahem

midgesgalore