It was sold too expensively at ipo. Doubts over landfill gas earnings sustainability. Tories saying no more onshore wind. Lower power price after the idiotic Tories capped carbon price leading to lower power prices. Etc etc etc. But more than in price now. Greencoat yields 5%. Infinis, a better company, yields 9%. Both are the wrong yield!!
Actually I wasn't thinking of selling after the ex div date as i bought in at £2.68 The div doesn't make a great deal of difference to me. Just trying to generate a bit of interest as I only saw the announcement this morning. Anything to help influence a bit of positive movement to the SP. Still trying to fathom why the SP has gone so low !!
Why would you sell after the ex date???! I've bought these as the "right" yield is sub 7% even allowing for the uncertainty and the deterioration of landfill revenues. So the right price for the equity is at least the issue price, that assuming a bit more wind online. Anyhow, the div will be prorated.
Notice of Preliminary Results and Financial Calendar Update
Infinis Energy plc ("Infinis" or the "Company") advises that the date of its Preliminary Results will be 19 June 2014 and provides a financial calendar update for the remainder of the year.
A presentation and conference call to discuss the Preliminary Results update with investors and analysts will be held on 19 June 2014. Details of this will be included in the announcement and will be available on the Company's website.
19 June 2014 Preliminary results
30 July 2014 Ex-dividend date
You can then sell the shares at any point after the market opens on the ex-dividend date and still receive the dividend payment
I agree, this is a steel, I bought 7500 shares for 20 k when these were at 268 and looked like they were going all the way to 310. As I'm used to seeing the price go up and down i didn't panic sell, ( my mistake !! ) Consequently I'm now sitting on around 16 k worth of shares so for what its worth anyone getting in now is buying in for peanuts !!.
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