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Mar 12 2024, 08:20 GMT
TRIG plc
Disposal of another asset at premium to NAV
- Sectors : Renewable Infrastructure
- Companies : TRIG plc
DAVY VIEW
The sale by TRIG of another asset is consistent with its recently stated strategy to use disposal proceeds to reduce leverage and invest in higher returning opportunities. Furthermore, the premium price commanded (15% premium to net asset value; NAV) and the evidence of the intrinsic value of older assets in an environment where new capacity additions are more challenging are both supportive indicators for its (and the broader sector’s) current portfolio valuation.
