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To provide Shareholders with an attractive return, principally in the form of quarterly income distributions by being invested primarily in solar energy assets located in the UK.
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The market has not been spooked. It has been massacred by Kamikazee Kwarteng and his Mistress's Voice.. Tories are toast. My MP is history..
OK Got It.
Government subsidies account for 62% of the revenue here, compared to NESF's 50%.
With the current government's bad attitude to green energy some of these may be under threat, but surely the Inflation Reduction Act across the pond will swing the pendulum the other way as argued in this article.
https://www.raconteur.net/sustainability/us-climate-bill-inflation-reduction-act-uk-cleantech-sector/
From Bluefield accounts RNS:
"The portfolio's revenue streams in the reporting period (excluding any ROC recycle estimates for CP20: the Compliance Period April 2021 to March 2022) show that the sale of electricity accounted for 38% (June 2021: 38%) of the Company's income. Regulated revenues from the sale of FiTs and ROCs accounted for 62% (June 2021: 62%)."
Hi. Does Bluefield have the same amount of revenue coming from Subsidies as Next Energy ? See the NESF BB
https://www.lse.co.uk/rns/NESF/unaudited-quarterly-nav-operational-update-w79nd3rxbmvd7n6.html
NAV increased to 140, sun still shining, steady dividend income. The only cloud on the horizon I can foresee is a new PM looking to increase their popularity by proposing a levy on green profits. I guess he/she could always look to buy more gas from that Putin fella if they choose to penalise the fledgling solar industry. I'm sure that'll go down well.
Finally received my placing shares today (exactly a week since they were divvied up), received 40% of my requested amount. Seem to be receiving less and less each time across the green sector, I guess that's good news in the sense it shows there's still plenty of demand for them. No doubt there'll be another coming along soon. Still looking really good here IMHO, the windfall clamour seems to have been abated for now at least by hitting oil & gas.
I have these in my ISA & now me & 'er indoors are both retired I take the dividends as an income. There are so many options available at the moment for income seekers so I keep a relatively small amount in a fairly large number of shares, REIT's, Funds & IT's. I've still got a few shares with big growth potential but mostly derisked now and sitting in my SIPP for when I need it.
Did not take up the offer. I have enough of these for the time being... Take the div in shares though..
Yes that's right spindok, and still waiting to find out my allocation. Good job I wasn't planning on selling any time soon. K
Sorry thats the dividend.......You mean the offer..
Shares are not due until 13.6.22....
Nearly a week later (give or take Bank Holidays) and still no sign of my allocation on HL. Anyone else received their new shares yet?
News due in the morning, sp dropped dangerously close to the placing price but hopefully this will still get away. I'll take a few more at this price anyway.
Just read the "BSIF Share News" at the top of this page. They're equally in the dark, having reported that BSIF aims to raise Eu 8M to pay down the Eu 200M revolving credit facility and fund further purchases. My maths isn't the best but I don't think that's going to work! Very odd isn't it, I don't think I've seen an RNS written like this before. Would have expected some clarification by now?
Not altogether clear is it BTB? I can see the retail element is looking to raise Eu 8M so I guess that's the bit us PI's will be scrapping over. Perhaps they're going to assess II demand before deciding?
Did I miss it? How big is the raise???
I see the bit about the purchase (£122.4M) & paying down the (£200M) RCF, but how much are they looking to raise?
Placing at 130 XD so not too bad, still needs growth IMHO so likely to be more raises in future. Nice yield though, solid no-frills earner.
Hi Thommo
Yes, the big question is what price will the issue be at ?
My holding is modest so I've recently sold taking the profit from 122 to 131 in anticipation. Like last time the issue price could well be at a discount to today's price to be attractive which would no doubt drag the SP down, at which point I'll buy back. My capital to reside elsewhere for other dividends in the meantime.
If I'm wrong then I'll have to consider this investment as the one that got away.
We'll see. Cheers and GL.
Just when you think you've got a reasonable share price, they initiate a another cash call. I get why they're doing it, but it's still annoying.
But not so much the wider (fossil fuel) energy trusts. What's the cause?
This has to jump tomorrow morning.
Fingers crossed.
Well this is now all looking OK ))
Anyone know or want to speculate what/when the increase in dividend will be from the new investment ?
Hi huudi. It's a good point. I'm not happy with my investment here despite taking the offer. Where is the promotion / attraction / uplift for this ? One of the hottest topics yet here we are flatlining at 118p. There is no point being invested if the value goes down the same or more than the dividend. I'll hold some more and see but if the current price is not proved the floor after upcoming divs or inflation bites elsewhere then I'll go cash.
Like many, I bought for the dividend but while this industry grows, cash calls will continue therefore don't expect this sector to pay your bills. My mistake thinking it would, the question is where next? Perhaps an oil boom, a half-decent war could create demand.
Wanted these when retired but not at +140p then.
Bought two shed loads today, shade under 118p.