Investment Trusts

Octopus Renewables Infrastructure Trust PLC

ORIT:LSE

Octopus Renewables Infrastructure Trust PLC

  • Price (GBX)72.50
  • Today's Change-1.00 / -1.36%
  • Shares traded771.70k
  • 1 Year change-29.20%
  • Beta0.1472
Data delayed at least 20 minutes, as of May 03 2024 16:38 BST.
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Profile data is unavailable for this security.

About the company

Octopus Renewables Infrastructure Trust plc is a closed-ended investment company. The Company’s investment objective is to provide investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of Renewable Energy Assets in Europe and Australia. The Company will seek to achieve its investment objective through investment in renewable energy assets in Europe and Australia, comprising predominantly assets which generate electricity from renewable energy sources, with a particular focus on onshore and offshore wind farms and photovoltaic solar (solar PV) parks, and non-generation renewable energy related assets and businesses (together Renewable Energy Assets). Its total capacity of operational renewable energy assets reaches 735 megawatts (MW). The Company's investment manager is Octopus Renewables Limited.

  • Revenue in GBP (TTM)19.72m
  • Net income in GBP12.70m
  • Incorporated2019
  • Employees0.00
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Profile

Management group(s)Octopus Renewables Limited
AIC sectorRenewable Energy Infrastructure
ISINGB00BJM02935
Launch date10 Dec 2019
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The Company will seek to achieve its investment objective through investment in renewable energy assets in Europe and Australia, comprising (i) predominantly assets which generate electricity from renewable energy sources, with a particular focus on onshore and offshore wind farms and photovoltaic solar parks, and (ii) non-generation renewable energy related assets and businesses (together Renewable Energy Assets).

Managed by

Matt Setchell, Chris Gaydon, David Bird

Management & contract fees

A management fee of 0.95% p.a. of NAV up to GBP 500m and 0.85% in excess of GBP 500m. No performance fee. The Agreement is for an initial term of five years and thereafter subject to termination on not less than 12 months notice.

Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status		ORIT:LSE since
announced		Transaction
value
Aquila European Renewables PLCAnnounced22 Dec 202322 Dec 2023Announced-19.08%--
Undisclosed Battery Storage Development BusinessAnnounced31 Jul 202331 Jul 2023Announced-21.88%2.57m
Data delayed at least 20 minutes, as of May 03 2024 16:38 BST.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Henderson European Focus Trust PLC79.72m75.29m385.11m0.00385.11m0.00
Franchise Brands PLC124.40m3.50m385.63m414.00385.63m414.00
Ashoka India Equity Investment Trust PLC69.74m54.52m389.58m0.00389.58m0.00
North American Income Trust PLC-1.56m-9.17m389.62m0.00389.62m0.00
abrdn New India Investment Trust PLC-3.38m-13.30m390.03m0.00390.03m0.00
Mid Wynd International Invest Trust PLC42.14m38.61m395.42m0.00395.42m0.00
JPmorgn Glbl Emrgng Mrkts Incm Trust PLC-1.91m-10.03m396.84m0.00396.84m0.00
RTW Biotech Opportunities Ltd3.32m66.31m403.19m0.00403.19m0.00
Admiral Acquisition Ltd0.0010.95m404.39m0.00404.39m0.00
Octopus Apollo VCT PLC46.17m28.58m407.54m0.00407.54m0.00
Octopus Renewables Infrastructr Trst PLC19.72m12.70m409.57m0.00409.57m0.00
Dunedin Income Growth Investmnt Trst PLC27.93m22.83m411.32m0.00411.32m0.00
JPmorgan Claverhouse Investment Trst PLC33.24m28.22m414.20m0.00414.20m0.00
Schroder Asian Totl Retrn Invstmt Co PLC43.51m35.38m421.02m0.00421.02m0.00
Abrdn Asia Focus PLC28.10m15.64m429.13m0.00429.13m0.00
Third Point Investors Ltd30.82m9.10m433.41m0.00433.41m0.00
Data as of May 03 2024. Currency figures normalised to Octopus Renewables Infrastructure Trust PLC's reporting currency: UK Pound GBX

Institutional shareholders

45.55%Per cent of shares held by top holders
HolderShares% Held
Schroder & Co. Ltd.as of 31 Dec 202254.00m9.56%
Brewin Dolphin Ltd.as of 06 Jun 202329.62m5.24%
Baillie Gifford & Co.as of 31 Dec 202228.27m5.01%
EFG Private Bank Ltd.as of 26 Jun 202328.21m4.99%
Sarasin & Partners LLPas of 28 Feb 202426.56m4.70%
Quilter Cheviot Ltd.as of 31 Dec 202224.26m4.30%
Foresight Group LLP (Investment Management)as of 30 Apr 202418.93m3.35%
Newton Investment Management Ltd.as of 31 Dec 202217.29m3.06%
M&G Investment Management Ltd.as of 27 Mar 202416.40m2.90%
Privium Fund Management BVas of 31 Mar 202413.77m2.44%
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Data from 31 Dec 2023 - 29 Apr 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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