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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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Well done, spindok! Even if the offer is a worse deal than simply buying on the open market, we will all benefit if the offer is a success and the extra generating capacity is added to the Fund.
I have taken up my offer in full. Have to try and look long term in very worrying trading conditions...Plus only best is 1.25% in a building society..
Hi Lutra. Thanks for that. Yes, that is food for thought indeed.
Do you have a link or can you point to what proportions of revenue come from such long term contracts and how long they last ?
It does put a dampener on the notion that the revenues would track up with inflation but it also shows that a high amount of contracts like this around UK industry will also be reigns on inflation and for Bluefield, it's effects on revenues would be delayed rather than non-existent.
Still OK with my holdings here, though small, like others I imagine, regular income and relative stability is value within my portfolio when I see the large traditional companies and shares encountering great turbulence and dividend problems.
Gavster, I'd be wary of assuming that Dividends from renewables will cope with rising inflation. In general it is assumed that cost of renewables will fall, relative to everything else. But more specifically, the bond-like nature of BSIF partly comes from the proportion of its revenue that is future-proofed by long-term, fixed-price sales contracts and government production tariffs. These provide a virtually guaranteed stream of future revenue, but a significant proportion is already set at today's prices.
I am not sure on this one. I have decided to wait until Friday and then stick in a pin... 1.18 is too high since the sp keeps falling.
It always time to bail when ToD comes a trading. Why aren't filters working ?
Agreed … Shell will be on the prowl to meet its carbon neutral targets.
It is a win situation if one buys after the cash call then bails on the rise waiting for the next in the sector to go for a cash call.
First lot today, second lot below 118 then see ….
Also a regular criticism from you @huudi, - JLEN, FSFL, now BSIF... makes me wonder why you invest in such companies ?
Not actually having a go because I have posted the same thing about DEC and GORE, but at the end of the day they are all decent dividend payers for those of us who appreciate a good income.
Becoming a regular thing with these Trusts: give ~7% yield then ask for ~20% in a cash call. Share price continues to drop as we realise its a no-win situation.
Yes, it's a decent yield here. Have you an opinion on whether the dividend will be announced before the offer ? I've read the prospectus several times and I'm still not 100 percent whether the relevant clause means this offer or offers in general.
Hi Adv11... Already half regretting being organised early as I took it from Shell and missed out on 1% so far today. Still, it's ready and time will tell if the return will be good enough here. Inflation is still some way off regards major depreciation of capital, but IMO the dividends would also increase with the same inflation effects.
ooohhhh.... profits !!!! Say no more.
Just put some profits aside to take up this allocation.
Good points Lutra, as long as the recent decline was all in anticipation of this offer.
Long term IMO we a takeover target for the larger energy companies.
Got the offer today, opt in by the 12th July, so no rush to make a decision. Probably won't make much of a difference either way. Best wishes.
Interesting point about the dividend. So the market price needs to be a bit above £1.21 for the £1.18 offer to be a better option than buying directly, paying dealing costs and getting the dividend.
For me, BSIF (and similar investments) occupy a space in my portfolio where, in more normal times, I might have had gilts. I don't necessarily expect price to keep pace with inflation, but I expect yield to more than cover interest rates plus inflationary decline in capital value. I also see them as a reasonable hedge against short-term market downturn.
Think yourself lucky if you have received the offer, I'm still waiting. But totally agree with you. Reduce the average, but buy at above NAV ? I find myself losing interest in all these green investment companies who just keep raising and raising. Underwater on most of them. I will probably have a small top up and spend some of dividends I received at the month end, BUT I will be keeping an eye on the price and may buy in the market beforehand - from what I read the new shares don't qualify for the next dividend, which means they must be going to announce the dividend quickly ? Have to have a re-read. I had the next ex-div down as around 5th August, so that would have qualified ?
Any thoughts on taking up the equity offer?
Personally I'm in two minds. Scraping together the required cash at present will be a challenge for me, and I don't expect much upside to the share price, so I'm reluctant to sell elsewhere in my portfolio just to re-invest here. But even with poor price performance, the long-term yield looks good and the new wind investments in the prospectus appear to be well protected by guaranteed electricity prices and FITs. My initial purchase was at £1.32, so I'm deeply underwater on BSIF - but that again means the £1.18 is a chance to reduce my average cost...
It's a tough one!
Jlen,Gcp,Fsfl,Nesf....the list goes on.....Green? More like Red.
Another drop. Perhaps it's the rain...
May be the drop is due to the recent story on Uighurs being used in manufacture of solar panels. Presumably alternatives would be more expensive and therefore increase costs.
Hi, not sure what instigated this drop. Having a quick look across the sector quite a few followed this drop. Even JLEN. TRIG.
I think BSIF dropped more due to its larger premium over Nav. I’m adding to FSFL and NESF at the moment as very near Nav, so happy enough to gain a near 7% Divi. Market can be dumb at times so will watch this one closely over the next few weeks before adding. Not sure on current power prices, just another factor to consider....anyone else the wiser?
Noted. Any ideas on why ?
Hold or is this a good buying opportunity.
Sudden drop today at about 09.30. Also similar in NESF FSFL...Did the sun stop shining? Strange dumping of shares...
DIRECTOR DEALINGS: Bluefield Solar Income Fund Director Sells Shares
Fri, 4th Dec 2020 06:26
Bluefield Solar Income Fund Ltd - acquires and manages portfolio of low-carbon assets in UK - Director Paul Le Page sells 35,000 shares at GBP1.28, worth GBP44,884, on Thursday. He retains 35,000 shares.
Current stock price: 128.00 pence
Year-to-date change: down 9.5%