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To generate an attractive total return for investors comprising stable dividend income and capital preservation by investing in a diversified portfolio of Energy Efficiency Projects primarily in UK.
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Personally I would buy more but funds don't allow at present,with current share price I will needone more dividend payment to break even,but I still believe in the medium term this share we reward it's shareholders well.
AIMO.
GLA holders
Nearly time to buy a stack more. Low 50s coming..
Keep my powder dry, won't shoot til I see the whites of their eyes, etc etc..
The share price dipped a bit earlier so managed to get a few more with the last dividend.
Getting nearer to my buy total.
GLA holders.
Renewables Battery Storage Energy Efficiency all pushed down to incomprehensible values.
Uk grid infra needs about £ 58 Bln spending to upgrade and push towards net zero.
Ex power, offshore oil and gas engineer. I find all this trading at below nav laughable. These ITs in my view give more potential returns than bonds. Now heavily over weight in renewables. :=))
Likewise. Knock-out IR. SP drops. "Good news is bad news" => Crazy LSE.
I saw the RNS yesterday and on the whole liked what I read.
I have added again a few minutes ago on the drop.
Will most likely buy when dividend is paid.
Have a number of shares in mind to acquire and well on my way.
GLA holders.
See latest RNS
Hopefully this share won't go up anymore,I want to buy more in the coming months.
GLA holders.
Lately the share seems to have recovered much of the recent losses.
The last RNS seemed quite encouraging.
If sale of assets happens, maybe a special dividend comes out way.
Happy to add when possible and glad I bought some on the dip.
GLA holders.
Obviously no news to cause the recent falls.
Sometime in the next few months interest rates will come down which should support SP.
I think in a year's time with far lower inflation,a high dividend paying company with stable profits will start to recover strongly.
I shall keep averaging down with new funds and dividends unless there is any bad news via RNS.
GLA whether you buy,sell or hold.
Well I felt it's time to buy again.
Looking forward to buying more with the dividend.
GLA holders
As I said on the 24th November, 50p is the buy-in price here - it will get there.
Can you imagine the difficult time the interviewer had at school?
Https://quoteddata.com/research/interview-purvi-sapre-sdcl-energy-efficiency-income-trust/
Worth a watch, obviously optimistic but at face value looks good especially the part about reducing the discount.
Just added 6130 shares.
Looks like a sale on trades.
Lots more showing the same.
Two months till next dividend.
GLA holders.
Just bought a few more in the ISA.
Got a few more than yesterday, fortunately my average is pretty good but I hope the drop stops here.
GLA holders.
Replay of the Interim presentation well worth a watch.
https://www.lsegissuerservices.com/spark/SDCLEnergyEfficiencyIncomeTrust/events/377dc565-7e7e-4b8c-a5f9-9b7df0019b82
Good afternoon.
Bought again,I think over time these shares will do well.
Hopefully they have found a firm base from which to recover.
As I'm looking to keep adding, I'm sort of hoping for a low stable SP.
AIMO
GLA holders
There's a reason the company is trading at such a large discount to NAV.
I'm sure the Li cycle news was factored in before large share purchase.
For me accumulation with new pension money and reinvesting with dividends over time makes sense.
AIMO.
GLA holders.
Li-Cycle Holdings (LICY) Misled Investors About Rochester Hub, Lawsuit
'The litigation focuses on whether Li-Cycle misled investors about the development of the Rochester Hub facility, said Reed Kathrein, the Hagens Berman partner leading the investigation.
The complaint alleges that Li-Cycle mispresented and concealed that: (1) the Rochester Hub was experiencing escalating construction costs; (2) these escalating costs exceeded the expected aggregate cost of the project; and (3) as a result, the company would be forced to temporarily halt construction and re evaluate the Rochester Hub construction strategy.'
‘Analysts such as Henn Capital Insight reportedly noted that Li-Cycle’s pausing of the hub project raises serious doubts about Li-Cycle’s ability as a going concern as its envisaged business model unravels.’
https://www.globenewswire.com/news-release/2023/12/11/2794101/0/en/Li-Cycle-Holdings-LICY-Misled-Investors-About-Rochester-Hub-Lawsuit-Claims-Hagens-Berman.html
SEIT paid Li-Cycle c.£13 million this year to ‘support’ the new processing warehouse build at Rochester, plus there will now be additional losses in utility services. Not a good decision in hindsight!
More write down’s to come here I think. Hopefully, the rest of the portfolio doesn’t have similar issues over the next few months?
It's good to see a large in house share purchase.
Obviously, management are confident about the funds prospects.
AIMO and GLA holders.
"I would say 2% increase in cost of debt would be £4m not £44m"
You are correct, of course, my error. But my point is really about lack of visibility.
Having read the accounts,they state most of the debt is fixed and some hedging is being done.
Hopefully selling some underperforming assets will improve the balance sheet.
But the discount to NAV offers some leeway for going forward.
GLA holders.
I would say 2% increase in cost of debt would be £4m not £44m.