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To provide investors with long-term dividends while preserving the capital value of its investment portfolio through investment principally in operational assets which generate electricity from renewable energy sources.
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Critical dates here
The Issue will close at 11.00 a.m. on Friday, 27 November 2020 (although the Company and the Joint Bookrunners reserve the right to close the Issue early). Investors will be allocated their New Ordinary Shares on the same day (being the Trade Date), with settlement occurring on a T+12 basis (being 15 December 2020 (the Settlement Date)) to accommodate the Extraordinary General Meeting of the Company at which the New Tap Authority will be sought.
It is a non pre-emptive offer so you might not get a chance to buy in
hxxps://renewablesnow.com/news/trig-seeks-gbp-297m-to-finance-investments-721726/
this period of transition just prior to a major share sell is always tricky. So don't take the following as gospel but it sort of gives you an idea. There is the stage 1) before the new shares are paid for, (2) the stage after this before the shares are live in the market and finally the stage (3) after the shares are live. Based on 125 as the base price you in (1) will not be able to offer below 125, (2) you might be able to buy at say 123 and (3) the sp moves back to 135.
But this ignors any normal market movements. So if I thought the whole Brexit/Trump/Korea/Covid thing was done and dusted I would wait until period 2. But I think there is still volatility in the market so I would buy now.
dyor.
Tracking TRIG to top up on any share weakness . Today it has dropped 5p am i right in thinking as they are offering new share placement finishing on 12th Dec this will drop to around £1.25 per share or is todays drop a good buying opportunity any help appreciated
My wild guess if 125p was about right.
Thanks for the reply Bilbo.
Will keep the stock within my watchlist for now and maybe have a punt off the back off a future dip.
Cheers.
Note the dividend cut off date was 13 November hence the recent fall.
For me it is like an old style power grid utility but without the massive debt situation they are in, so a healthy dividend of roughly 5-6% and with a SP growth of 6% annually. Trouble is the volatility is roughly 18% so you have to be reasonaly calm between dividend dates. If I wanted to trade it I would wait for a drop to around 125 and buy in. I have faster growing shares but this makes for a good anchor in stormy waters. Reasonably calm during the Covid March crisis.
I like what these guys do in principle, and I’m a believer that renewable energies will become ever more popular and commonplace over the next 5-10 years plus. Are you guys invested here for the dividends only, or do you predict any significance upsides in SP? Seems to trundle along well and pay a respectable divi.
Just because I don't always trust lse data I've listed this last year's dividends
5 Nov RNS, goes ex div at the end of 13 Nov for payment on 31 Dec 1.69p
3 Aug RNS, goes ex div at the end of 14 Aug for payment on 31 Sept 1.69p
6 May RNS, goes ex div at the end of 15 May for payment on 30 June 1.69p
6 Feb RNS, goes ex div at the end of 14 Feb for payment on 31 Mars 1.66p
so 6.73p on todays price of 133 gives you 5% divi
Have been following for a while and will shortly be coming into a bit of cash from another investment (LID). I hold a number of safe and boring ITs and there is a lot to be said for them in these days of zilch % on your cash. If I can get c5% here when the cash arrives I may well deposit a chunk with Helen CBE!!
Slowly pulling away from the 120 floor put in by the last funding, never going to accelerate but with a steady dividend a nice one to buy on the drops and sell on the peaks.
they sometimes drop a few pence below issue price before rebounding as its diluting the share base to take on more debt
well at least we all know the floor to the price for a short time, logically buy in at 120 and watch it drift up
Irritating when this happens ....
New funding round at 120p is down from SP of roughly 128 and up from NAV 115p knocked the Sp down to 123.
Power price forecasts reduced, with material impact from COVID-19 in the near term, which if taken in isolation and excluding value enhancements, would imply a reduction in NAV per share of approximately 5p
Everything else looks fine
https://www.current-news.co.uk/news/...a-strong-start
thought this is interesting
Worth taking a note of monthly consumption data distributed by national grid: https://www.nationalgrideso.com/document/166976/download
21966 GWh used in March, down 12.3% from 25032.71 GWh used in February. Renewables are down as a sector, but not specifically due to coronavirus. We need to bear in mind that that (as per recent TRIG RNS) wind generation for Jan & Feb were at significantly higher levels than normal, whereas March was less windy in general.
My reading is that whilst energy demand is noticeably lower as result of quarantining and industry slow down (folks see the PMI data, wow!!??) renewable energy seems to be coping ok at the moment. I'd like to think that they'd scale back carbon intensive sources of energy before clean energy. And I think we can see that happening . Coal performance about halved. Nuclear also seems scaled back. Whereas hydro and biomass are business as normal, and wind/solar etc varying according to weather (which is biz as normal also, no?). Perhaps main competition will be gas
Anyone else observing anything?
I was expecting a fall so sold out before the ex dividend date ..although my recent 60k sell was recorded as a buy on this board ,,who knows how many other sells have been recorded as buys.
I didn't get my dividend for TRIG though NESF (which has the same Payment Date) paid out today.
Did Everyone invested in TRIG receive their dividend today?
I was just concerned that the power might go off due to a depleted work force , as the uk cv 19 numbers are increasing , which would mean a down turn all across the power industry .