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To provide investors with a sustainable, progressive quarterly dividend and enhanced capital value, through investment in ground based solar assets predominantly located in the UK.
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But not so much the wider (fossil fuel) energy trusts. What's the cause?
does NESF is worse than FSFL recent NAV?
"resulting in a NAV per ordinary share of 108.2 pence (30 Sep 2021: 104.1 pence)."
110p target for me.
A wise move I think ... I read today that the forward price of UK electricity has doubled recently.
No idea .. didn't have NESF on the Green watch list .. but just added some NESF to the portfolio ...
Thanks for the tip.
which one is better
FSFL or NESF ..and why?
This share continuously getting diluted with scrip shares . And yearly it's 2-3% .. let's add on top 1% yearly charge.. it's not looking perfect. This is means they are not able to maintain dividend properly from cash they have only
Had a small holding for several years & have just quadrupled my position here (@ £1.00). Fingers crossed.
Old conversation, but for investors rpi is better than cpi. If you care look at how they are calculated and the clear fact rpi has on average been 75bps higher than cpi.
But government are moving to cpi, so in 5 / 10 years any one with an income stream linked to rpi will be sitting pretty
I disagree - RPI and CPI are both sensible objective measures of inflation. Depending on your life and what you consume and invest in, you might be exposed to higher or lower levels, but overall these are reasonable averages. Any more rubbish to post whilst the stock prices rises back to 104p?
If you believe RPI or CPI are a measure of inflation then somebody else is paying your bills. Cooking those books began with Gordon Brown and was honed to perfection by future governments. Link your income to that and you will die a pauper. All in this sector seem to have cash calls larger than dividends and while there remains competition for new assets, their demands will continue.
Huudi - I think you'll have to explain what you mean. Any issue of shares is always made to purchase new assets which then produce more income for the fund. Broadly speaking, these issues should be dividend neutral unless they massively overpay, which is not what has happened IMO. RPI is effectively moving to CPIX from 2030 onwards, so yes, that is potentially a lowering of growth from 2030, although that depends on housing costs - it is possible for CPI to be above RPI - it happened in 2008 for example. Either way, you'll still be getting an inflation linked income.
The weakness in the sector overall is due to Elecy prices, but my understanding is that the outlook from here is more positive.
"To provide investors with a sustainable, progressive quarterly dividend and enhanced capital value"
From 111p last August to 96p today. A bargain or ....?
The yield on many renewables is worthless due to regular cash calls. Dividend of ~6% while cheap share issues knock 10% off the share price, all to often this is a placing where your share is devalued to pay somebody else.
The inflation-proof dividend is also a farce, RPI being now a joke.
At some point in the very near future there will be a big swing back to renewables. Once the world gets a handle on COVID, there will be a lot of pressure to switch from coal, oil and gas. I see this as a safe holding with a good upside soon.
I think it was BSIF ... that led the plunge yesterday .... fat finger error ,, triggering algos to sell the sector .... who knows ,,, I topped up here at 97.2 p .....
... as far as I can see .. this sector does shave off a tad when the wider market rises ... but I'm taking money out of the wider market and putting it in this sector ready for the next sell off.
GLA
I’m in a lot of Renewables trusts and yesterday saw a varied dumping of shares across the sector from about 09.30. Not able to ascertain why. Power prices? Political renewable incentives? Fund managers rebalancing? Personally I just see this as an opportunity to add at now a higher dividend. Capital loss on some holdings, however, these are my core hold forever “Dividend pumpers” Averaging down or up, monthly. Markets can be dumb at times and cycles can play out over years . Have a look at for example ...Trig, Nesf, Jlen, Bsif they all were affected to differing degrees. The closer to Nav I think the less likelihood of further downwards pressure. Stay calm and keep those divis coming. The sun hopefully will keep shining.
I topped up on 23/3/21 at 104.59p (with costs) - it fell and has kept falling loss now at 7 % today at 97.3p. OK so I get the dividend but of course not much use if the SP falls away is it. My first buy is now 16.25% down, currently both holdings amount to 6.6% of active portfolio, perhaps a bit high but I wanted this to be a core holding. Looking at the SP graph, it gently is declining south.
Is there to be a bounce or is this trend going to continue, if so I guess cut losses? I have read that this decline is due to lower demand and cheaper oil (but that trend has reversed). I did expect the trendline to reverse, hence the top up. Is there something I am missing?
Also joined the party - I was getting exposure to this sector through INRG but thats not worked out too well over last few months.
I've added more today. I also hold UKP and GRP same as you TOD. Just watching those lovely divvy's come rollin' in!
Saw today that electricity produced from renewables was cheaper than coal .... also has been a good hedge for a falling market keeping value.
Missed this little gem ... been in Trig & JLen but added here.
Just received my dividends regular as clock work. At this share price thats 7 Percent a year not bad at all.
Matt, good luck with your investment. I hold UKW & GRP, with a small holding here (where I'm down 15%). I'm looking to add here at some point as I see considerable value, certainly in comparison to the wider sector (including my other holdings). Any idea why this is so unloved (in respect to its rivals)?
...and have now initiated a position. 7% premium to NAV for a solar energy play yielding c7% real when govt bonds yield -2% real - what's not to like!
A very good development for FSFL - to be able to invest in commercial batteries. It's the way to go and can be very value creating (if optimised correctly!).