Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
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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.
Correction. I paid 104.098p per share. Apologies.
My top up of 1K shares a short time ago paid 1.098p per share showing as a sell. At this price a no brainer to buy and hold IMHO. Good luck all.
Is NESF undervalued relative to JLEN?
Current NESF dividend yield = 7.2%
NESF dividend growth over past 5 years = 3.15% p.a.
Current JLEN dividend yield = 6.0%
JLEN dividend growth over past 5 years = 2.5% p.a.
Bought some more this morning at 104.2, last buy was just under 108. Nice to see trig & jlen recovering in last day or so, so hoping this will do the same. All trading below nav with good yields.