If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
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.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
It does make me a bit uneasy hiking the dividend whilst the SP & NAV are falling.
Well this is not going to plan, the only benefit to this will be a few more shares in a DRIP scheme.
Any justification for this in the RNS ? Or is this as I see it, sector wide.
The all important dividend cover is forecast to be c.1.3x - 1.5x for the financial year ending 31 March 2024, which is usually seen as a concern, however along with debt a concern IMO this was priced in already. . Evidently not.
Other sector companies like BSIF and UKW not fairing well too, but I did expect NESF to hold up better due to the great SP support and timely RNS.
Dartron I thought Starmer already pledged huge support to the industry, currently being constrained by some inflexible rules put in place by the current gov.
Currently the SP is pretty much at its all time low, which is unlike some of NESF's peers.
Wait this one out...
Cheers and GL.
Indeed you are right. It just flew into the 80's
Have I got that right? Other trusts in the sector also seeing yields rise as valuations fall. Is the market scared of nationalisation under a possible Labour government?
After consideration of all and the chart I held through. Results look good !!
Have checked live price but discount to NAV is well over 20%.
Last time I was hesitating about buying something like this with a high yield, and a lot of debt, it was Civitas housing REIT. I hesitated too long last time, and missed out on it being bought out for a 40% premium. I was so close to buying on several occasions! so I have bought in here, and will build a stake accordingly.
https://www.thisismoney.co.uk/money/markets/article-12063291/Civitas-Social-Housing-agrees-snapped-485m-takeover.html
Hi Jet, I know.
After seeing UKW slowly drift down over 5% after ex-div, I'm considering the most profitable action will be to sell before ex-div and wait a few weeks before buying them back or increasing holding. Decide tomorrow, the FTSE and wide market I hope will be more stable than today's 1.28% drop as I write.
I see this heading down into the 80’s next week, unbelievable, what’s the true value of anything these days.
2.08 p
Ex-Div 17th August. A week to buy in. Same day as BSIF.
UKW went ex-div today. Will be interesting to see if sentiment picks up the ex-div drop to where it was. If it does and we're still stagnating low 90s, I'll transfer my stake to here and collect both divs.
Dividend announcement due in the next week or three. 2.0875p expected and should provide some boost.
IMO Nothing to suggest any large problems, more an adjustment of yield by the market or poorer sentiment to the sector perhaps.
Directors recently bought in the 102.s.
I've increased my holding recently in the low nineties but still underwater since buying low 100s in a couple of accounts.
https://www.proactiveinvestors.co.uk/companies/news/1014840/nextenergy-solar-fund-hikes-dividend-target-1014840.html
https://www.proactiveinvestors.co.uk/companies/news/1018207/nextenergy-solar-pens-higher-generation-and-earnings-in-2023-1018207.html
Interesting..
Very good. Glad I invested heavily across the RE sector.
If anyone has an interest or background in energy these type of storage systems may be worth looking at.
https://www.energy-storage.news/iron-flow-battery-firm-ess-inc-to-build-50mw-500mwh-system-for-leag-in-germany/
They look excellent; company is solid; dividend is attractive and well covered.
The good news is that the dividend is up ... the better news is that I bailed here a couple of months ago and back in.
Hi MJS1 and all.
Just looked at this and seen the drop in SP. I took the profit from 104 to 109 recently in about 2/3rds of my holding but the div increase IMO just makes that worth holding. With the discount to NAV in place, and a rightful markdown due to incompetence in overlooking about £15m, however I make this still worth buying at this and lower levels. I'll look to move my cash from sales back before the Ex-div.
So the good news we're increasing the dividend, the bad we can't count and we've been overstating the NAV, how can companies not do the basics correctly.
https://www.lse.co.uk/rns/NESF/quarterly-net-asset-value-and-operational-update-vy0926hkpzdbb44.html
Hi Krusty
Yes paying loans off will be excellent, a shame it has to be done by selling assets. Without checking I bet these loans were supposed to shore up income created assets.
Anyway, lowering debt and moving into storage is essentially a good thing, so onwards & upwards.
You missed out arguably the most important use for the freed-up funds, which is to reduce the short-term, high-interest loans. I'm not normally a fan of buybacks either, but if they're done when the SP is at a significant discount to the NAV then I see how shareholders can benefit. As I'm in this for the long term, I'm happy for them to use the funds as they see fit. I'm afraid I don't know the answer to your question re a potential Labour government, I'm not sure if they've developed any policies on renewables yet (or anything else, for that matter...). Good luck Gavster, hope your plan works out for the best.
In order to buy energy storage (great) but also fund a buyback (not great).
Anyone. Is it too large an assumption that the subsidy will continue with a new labour government ?
Missed the webinar so I'll catch up later.
I understand the uplift of buybacks but I personally see them as only rewarding share sellers, even if issued by themselves, so allows a large seller to out. The only buybacks I agree with would be to the same level as a DRIP.
Personally I'd rather see new assets or a capital return as a dividend if they want to return to shareholders.
I bought recently at 104/105 for the slow uplift towards Dividend time, expected late May, so this news is great for the ticks up.
I will likely sell if the SP reaches the 120's again, but looking to trade average low if the SP gets above 111 after ex-div.
We'll see.
Perceived energy wisdom is that Solar will become the biggest generator for electricity across the world.
Added today too. A lot to like, and attractive dividend.