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Feb 11 2025, 08:41 GMT
TRIG plc
NAV declines but share buyback programme expanded
- Sectors : Renewable Infrastructure
- Companies : TRIG plc
DAVY VIEW
TRIG’s Q4 NAV decline was driven by a range of factors, in particular energy yield (2.4p) and discount rates (1.5p), although the company’s proactivity in terms of capital allocation is notable. It is tripling the size of its share buyback programme (to £150m), highlighting the existing discount to NAV (currently 31% including today’s updates to the NAV).
