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To provide ordinary shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of primarily UK-based solar energy infrastructure assets.
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My first purchase of 5,000 . Timing 🤔 ?
Thanks for the links 2227, appreciated. Had a look at the YouTube videos suggested too. Useful. Saw an interesting comment in one set of accounts where they said that they thought the levy would not materially affect them, albeit they paid more tax that year... Funnily I've just realised I've walked through one of their solar farms once years ago, when out on a old walk I knew... small world thanks
US gas prices are recovering from 30 year lows, the UK's BESS switching mechanism is in disarray, higher interest rates .... perceptions of "woke" feeding into renewables .... not a lot going for this share save the dividend, that is too tempting to turn down for me - so I have built up a comfortable position this past year.
GLA
Does that help.
https://renews.biz/89532/uk-solar-welcomes-cfd-strike-price-rise/
Hi don't know if anyone know the answer to that question, cheers, struggling to see myself
Me again sorry, ive been reading further on how the Electricity Generators levy works. i know it kicks in over £75/mw
however as Next energy always had a very high realised price -- like £150 due to say £80 for what is generated and £75 gov subsidy. do they pay the 45% tax on all of the subsidy or just 45% of the £5 (£80 generation per mw/hr minus 75/hr reference figure)
i hope it is the latter but cant work it out from their accounts ..... Either way still looks mighty profitable, but would the EGL i hope only applies to the price received minus the sub
thanks again
Thanks Legsofman, i'll definitely watch, cheers for the link, much appreciated.
Yes the divs are a major plus point - crazy some of the yields in the uk!
I must admit, the dividends are one of the largest drivers in my interest and returns on the PF
thanks
Dadean, if you haven't read up a lot on this trust the following video 2 months ago from Ross Grier Next Energy may be of value, only 30 mins of your life!...I’m heavily over invested over the whole renewables sector and see this current sentiment as a bargain hunting opportunity.
Retired so the divis matter more to me than pure growth.
Good luck with your investments.
https://m.youtube.com/watch?v=S6K8vg88Rnk
Thanks for your replies, very kind and useful to note... really looks like this one is tied to interests rates, as the pop up and down in the share price in december kind of suggests, if we get bond prices increasing, i would not be surprised if this increased by 10-20% the way you hear the media and central banks talk youd think interest rates are never coming down, but i just don't think thats possible...... i'm going to give very good thought to increasing my position in this greatly. i see in tehir presentations that the div is covered that is excellent... as for elec prices going forward, i think that should be a tailwind for them, its higher than before indefinately albeit lower than a year ago... thanks again gla
Interest rates are forecast to go down so that is likely to boost the share prices . It seems to be the best time to buy these high yielding renewables imo.
I have about 40% of my portfolio renewable energy investment trusts, but that's because I'm semi-retired and need an income from my portfolio. Younger investors are in a different situation, but renewable trusts are still worth investing in because they look so undervalued. If your portfolio is normally 60/40 equities to bonds, I'd change that to 60/30/10 equities, bonds, renewables.
I've had tiny holding in renewables but have increased it to 14% this week. They've been way over sold IMO.
I have 14% of my portfolio in solar energy . It seems to me the perfect time to invest in these battered shares perticularly NESF.
Agree, with forecast of massive need for more electricity (and that being from sustainable sources), we could see strong performance over time (I'm thinking ten years). I've 5% of SIPP, but looking to increase over next year.
Hi I was wondering what type of portfolio percentages people put into this type of fund.. I have a sipp and a isa, I've started out with a 4% in the isa and 3 in the sipp, how does that sound? I see real value here.. Thinking to put alot more here... Alot of long term positives here
Https://ukinvestormagazine.co.uk/nextenergy-solar-fund-next-is-now/
“The recent price weakness has afflicted the whole sector means that dividend translates to a dividend yield of 11.1%, one of the highest in its sector, and the share price on a near 30% discount to net asset value, provides the prospect of attractive capital appreciation when sentiment towards the sector recovers.”
I think the post-invasion energy panic caused most governments to secure energy supploes from whereve they could and this was largely from fossil fuels because the product is there and just has to be paid for and delivered. I am surprised that the elevated prices didn't feed through the sustainable supplies but maybe that was due to advance sales or hedging or whatever. On the [lus side, NG has just announced the need for an enormous expansion of the grid because of increased sustainable supplioes, especially off-shore wind. Until fusion can be made to work, wind and solar are where it has toi be, And fusion has been 40m years away for the last 60 years so good luck with that. I hope the sentiment towards NEDSF perks up as interest rates and inflation fall. I manage a SIPP for my daughter and I am uncomfotably overweight in NESF. Still...divs next week :)
As you say Norfolk, NESF management are issuing lots of positive statements and yet there hasn’t been one director share purchase since June 2023 (at over a quid!). I’d feel a lot more optimistic about my holding here if they put their money where their mouth is!
I can see that the great energy panic of 2022/3 is easing and consequently long-term energy price hedges will reduce but should this decline in sentiment really have the effect on the price that we have seen in recent months? I confess that my motivation for having such a high (for me) proportion invested in NESF is primarily for the dividend and not any great expectation of capital growth so long-term hold is my strategy but I worry that the financial sand might be draining through my fingers.
I agree, I'm averaging down. I think oversell due to numerous movement away from bug spending on green economy and electric car regulation. I'm seeing this as longer term and double in 5 years or more.
Is anyone else doing the same based on the relentlessly positive statements by the management that the share is seriously oversold and the NAV remains >£1 or does somebody know something nasty that the rest of us dont as what else is hammering the price?
Sold my NGSP this morning ... US gas is on a short squeeze ... time for the shorts to return money to longs .... on NESF ...
GLA