At a price of 220p. According to prospecuts info I get a yield of 9.18% Gross and historical P/E of 10.15...cheap as chips....
I think it is the scotland factor..
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...
Are we missing something?
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?
17 Apr '14
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.
11 Apr '14
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.
11 Apr '14
There was a trading startement on 12 February 2014. Seemed positive. No date for final results. Shares keep going down. I wonder why.
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