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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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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.
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.