London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Well I wont be getting an income boost in Aug as I didnt get any shares. Whilst it will take a couple of days for the tech guys to work out why, terms and conditions were mentioned.
So it looks like I will be conserving cash after all, once its returned. Still I did say it was only a half top up and that the yield wasnt as good as it has been and whats 7 pence (or a years divi) between friends.
I take heart that there will be another round later on and or await Brexit/Trump/Markets to aid me adding more of something later.
I have been allocated the 752 i asked for with my £1000 this pm. However looking back I thi k I misread the original offer which must have said a mi imum of £1000 so i thi k i could have got a few more. Never mind
The resolution has been passed so you should be getting your new shares. I wonder what would have happened if the vote was no?
Must check the broker on Wednesday to see the final outcome. I doubt its been scaled back. SP just hovering over the placing price ..... will it go under. Might put the dampeners on the next placing if it does. I doubt the SP will be rushing back up with another placing on the cards and then there is Trump/Brexit and both have been fairly quiet.
That is probably it Gerry, the money has been taken from my funds but no new shares as yet. Have to wait and see. My first note on 3rd May said there would be several tranches over a year for 500 million shares so maybe more offers. Hope SP improves.
..... and at current trends is likely to dip below. I did expect the SP to drift lower towards the placing price and I suspect it will keep a lid on things until its all done and dusted. I wonder if some were hoping to sell off quick just to bag the discount. I did consider selling some of mine, just to buy em all back in the placing. Sods law says I would have been scaled back if I did.
Lurka, I suspect that its just an "intention" to buy as it wont be decided until the 5th June so is just showing up on your broker account against the funds. They could be scaled back yet although I suspect as they intend doing x3 over the year that they will accept more now unless its very oversubscribed.
Still we should know next week so not long to wait
Log on at your broker and check under corporate actions. Mine says add cleared funds and specify how many you want. Then wait to see if its over subscribed and if you might get scaled back.
Currently mulling over if I should add any more even at this slight discount to current SP or just keep the cash in the pot. I dont think its such a great deal atm and better chances might be on offer in a market downturn.
Cant mull for too long though cash has to be cleared by 22nd. Maybe just add a small amount to hedge my bets. Talk of reneging on subsidies wont help here and the SP would tank if it comes to pass
How can you do this? I've been on the Greencoat website & they have details but nowhere (that I can see) where you can subscribe to the new placing. I'd rather do that & get them a few p cheaper than buying at the current market value.
They have done this a few times and it does drag the SP back down to earth a bit. Even so its only a 5.2% yield so much lower that it has been although it is inflation linked so far.
This should be ok in a recession but what if that was in the power market? Things might stall and if interest rate rises pushed cash higher this could fall as its relatively much weaker and there might be a flight to safety. Maybe that premium might become a discount!
I was considering top slicing some as I thought they were pushing the boundaries (and sell in May!) but as the news is out its probably too late. Still my running yield is much higher and maybe May (the date or the PM) with throw up opportunities to bag a better discount.
I now note the ex divi and payment dates but when were they announced? I didnt notice anything in the RNS
intrigued by the staging over 12 months .... in principle, a fund raise and near 29% dilution to essentially reduce debt is not all that bad a thing long term and would tend to release working capital (employed in debt payment) for expansion
Greencoat have announced a placing of up to 500M new shares over the next 12 months to fund acquisitions & pay-down debt. They'll (initially) be offered at £1.33 p/share. This seems to be what's hit the price this-morning.
Sanibel, thanks for your insight. How do you feel the renewable energy sector would hold-up in a recession? I'd have thought, given its non-cyclical nature, that it would fare rather well: is that a reasonable expectation, do you think?
I'm looking for some (relatively) safe havens with stable dividends. This sector seems to fit the bill, but I suppose I'm looking for reassurance that it's a good call & I haven't missed anything.
I have kept some powder dry & I do have an under-performing investment on which I'm looking to cut my losses & re-invest elsewhere. If I can pick-up another investment in this sector without paying too much of a premium, I will.
I notice that the NextEnergy Solar fund has just dropped 5% recently. Not sure why it's done that, but it does present an opportunity to BTD. I'll also take a look at the US solar fund: that should give some geographical diversification. Good luck with your investment there.
Been invested here since launch and its been a solid and rewarding investment and rock steady. This is the future and is a good time to get in I feel Also just invested in US Solar which is another new launch and I am hoping for similar there.
If you look at renewable energy ITs on TrustNet, you'll see that pretty much the whole sector is trading at a healthy premium to NAVs. What's making them so popular ATM? I bought Greencoat Renewables at the start of the month & am already sitting on a nice rise, & have held UKW since flotation in 2013. Given the premiums to NAV, do people think now is a good time to cash-out of the sector (or at least take profits) & invest elsewhere, or has the sector got further to run? What would convince new investors to buy now & pay such a premium?