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Downing Renweables and Infrastructure Trust - IPO

Closed-end funds and OEICs
ReallyVeryFoolish
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Downing Renweables and Infrastructure Trust - IPO

#352839

Postby ReallyVeryFoolish » November 3rd, 2020, 7:09 am

Another renewable energy investment launch -

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

RVF

Pete675
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Re: Downing Renweables and Infrastructure Trust - IPO

#355644

Postby Pete675 » November 11th, 2020, 6:13 pm

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..

ReallyVeryFoolish
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Re: Downing Renweables and Infrastructure Trust - IPO

#355649

Postby ReallyVeryFoolish » November 11th, 2020, 6:20 pm

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

Pete675
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Re: Downing Renweables and Infrastructure Trust - IPO

#355658

Postby Pete675 » November 11th, 2020, 7:10 pm

More on Downing Micro Cap's performance - or lack thereof: https://citywire.co.uk/investment-trust ... y/a1353270

midgesgalore
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Re: Downing Renweables and Infrastructure Trust - IPO

#355711

Postby midgesgalore » November 12th, 2020, 12:50 am

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


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