Hi All. I work in the wind industry and am considering making a long term investment in Infinis. I wondered if you one you kind people could explain the dividend situation please? From what date do you have to hold shares in order to qualify for the dividend and what is the proposed dividend payout date please? Thanks in advance for your help.
I have just bought these. I think the landfill gas production is probably overegged but wind should be okay. They have a decent amount of wind to build and the chances of the Tories winning a majority are less than 50/50 the two other parties strongly supporting it. The £55m divi is comfortably covered by net cashflow and the shares yield almost 9%. So unless the (idiotic) Tories cut subsidies for operating assets (unthinkable) these shares are now fantastic value and obviously a great yield.
..fall has been a huge disappointment. I'm in for the divi like you good folk, but currently at a large loss on capital. Waiting for the first payment.
With regard to Tory onshore windfarm policy change, IMH if the Ruskies give one squeeze on the gas pipe, there will be pressure for the policy change to be reviewed in order to facilitate a boost in security of energy supply. A significant winter power outage would do the same thing. It would be interesting to know what the other UK parties' policies are on wind farms. I don't thinks the Americans are flogging us LPG big time yet as a substitute - and they have their own security to think of. GLA
One thing has changed in the last few weeks Bev88. Telegraph carried 2 stories suggesting Tories had gone right off onshore wind power related to issues of blight (or more cynically related to the concerns of potential Tory voters about blight). There was no suggestion that they would dishonour their legal obligations and I would suggest that it is doubtful to happen in the extreme. The bigger concern is how it may crimp prospects for this part of Infinis business to grow over the long term. Perhaps to bring a more positive note they could explore opportunities in Europe, offshore and grow the landfill gas business. If Scotland went independent I think the guarantees would continue but it would make Tory government for the remnant of the UK much more likely and thus adversely impact on future growth of the wind side in remnant UK though might actually add to opportunities in Scotland which would most likely be run by SNP or labour.
I don't have enough accounting expertise to judge whether stock is dirt cheap. I bought knowing these issues had just come up at around the 245 and 235 marks. Premature in some ways given the news but in the past I had missed the dip in the stock and did not want to do so this time. I like the fact that it has government backed income and thus is highly likely to be able to at least sustain a high yield even if it ends up having a fairly static or low growth rather than strong growth future.
Yield on these is one of the best now and covered enough according to prospectus. Scotland independence is causing uncertainty as will an independent Scotland honour its contracts with Infinis which has a strong presence in Scotland for power generation...
THESE SHARES SEEM TO BE SET AT A LEVEL ASSUMING WIND POWER ARMAGEDDON. YESTERDAY'S STATEMENT IMPLIED THAT SUBSIDIES FOR EXISTING ONSHORE WINDFARMS WILL BE HONOURED EVEN IF THE TORIES GET BACK IN AND FLOTATION PRICE WAS SEEN AS ROCK BOTTOM AT 260P IN VIEW OF POTENTIAL YIELD. WHAT HAS CHANGED?
There is a lot of suspicion about whether UK Govt is really committed to the renewables sector but unless they're going to default on their legal obligations they are going to need companies like Infinis to help them achieve their targets. In the meantime a yield of 7.5% suits me just fine.
Thanks for that. I originally bought in for the dividend and thought we would have heard something more about it by now. Its frustrating watching the price drop with no concrete info. I'll sit tight for now and hope for the best.
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