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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I'm waiting till after the ex dividend date before I buy any more as the sp always goes down after a dividend payment
Tsae
Looks like sold on the market direct
ian
will the proposed new share issue be used as script shares or just sold on the market at a premium to nav
I guess there are a number of potential benefits from enlarging the business, dilution of overhead costs, diversification across Brexit/EU boundaries and national borders to search out localised green energy support and of course to ensure a good average age of the all the equipment, (no one wants to own an whole load of worn out turbines). Yes it generates a steady stream of income to the turbine/generator finding business but that is rather why it was set up this way.
So my positive spin is diversification across politcal and technical boundaries and varying ages of machines. Going forward I would expect this to continue and to absorb in newer technologies and more countries though staying within EU/British borders. I would worry if we started hunting in Australia for example.
The way I look at this is it is a high paying bond more than a real company and I don't expect the divis to grow much.
They have been issuing more and more shares to grow the overall size of the company not divi growth per share. The cynic in me sees the fees paid to management growing, as its based on a percentage, whilst the owners have seen little benefit from this policy apart from the security of being bigger, if you can really call that.
Most of the profit increase is from gain on investments. I find the cash flow more useful than the income statement, with interest received from investments up 3.8%.
They're being cautious on the dividend, as the current spike in wholesale energy prices is not expected to last.
and income up 11%
Nice, GWh up 17%
Profit up 51%
E/share up 37%
Divi up 1% what!
I can't say I had noticed, looks like a lot of after hours activity. I would guess that some fund is accumulating. Green energy seems to finally becoming a serious investment. Maybe the recent acquisition in France has stirred some interest over there ? I've found it best with shares like this to gradually build a holding and stick with it. Trading quarterly dividend shares only works in a rising market, so I generally make my first investment at whatever the price is, and add when falls occur.
Anyone know? I've been tracking this as a yield play for a while - waiting trying to see any trends in interest rates. I assumed they were going up and held off this stock.Big mistake! But why the big buys pushing prices up?
So deal done and for more than double the initial estimate. Wonder how the SP will react now its free to float .... or sink!
Hummm! SP falling below the offer price! Only by a tad, didn't really expect that. Maybe some fee saving with the offer if you can get it
but not for shareholders!, I dont think. Bigger size company means more for the management so I can see why they keep doing this. Still having topped up below this level I should be feeling smug so why dont I? Maybe once this anchor has been weighed the SP might begin to float
on holding this. The inflation linked divi has disappeared and the low/no debt has increased to a �240m facility. Assuming they will reduce this from current use does that mean another round of share placings or will the script cover this over time, doubt it. Top up done under NAV and divi increased a tad, although with generation above budget does not bode well if the wind stops blowing. The company managers seem to be doing better than the shareholders though! Still I have to pick up scraps of something and the running yield on the initial batch will be up again, so more like a bond than a share so might counter balance other parts of my PF. Maybe I should have added somewhere else with all these mixed feelings but what investments make you truly happy to be an investor. Holding for the quarterly slight divi increase
Well all shares drop on ex divi but you are correct that this seems to recover. The quarterly divis should lead to a flattening of the see saw effect. Its nice when Mr Market takes things down a tad and you get to buy in relatively cheaper and a divi bagged to boot. Just a pity about the script dilution but I suppose it helps with cash to buy more assets without doing more placements
Often seen this share fall into dividends to recover shortly afterwards.
Strangely enough I have added some more in the ISA. I know its not going to set the world on fire but it helps with my PF balance, increases 2018 income, pays out in both Mar and Dec. The divi has also increased nearly 7% since my last buy so hopefully this will continue and with some inflation should grow a tad faster even if the SP might be constrained by the same. Mar and Dec and my lowest income producing months and it was a toss up between these and ULVR which is still expensive and quite a contrast to these. Market and this has been dragged down but this should act as a bit of a floor ........ now I have said that watch if drop!
Mine are held in an ISA. In fact, I've just bought another tranche a couple of minutes ago.
Hi Trek What do you mean, these are ISAble ?
Trek chasing yield ahead of the new isa season. Think you sussed by now that these fat juicy babies aren�t ISAble. Trek new word for a new world ISAble
I now have some room in the ISA to dabble on the "offer" I expect this to be over subscribed and thus scaled back. So must mull how much to ask for, expecting this to be reduced. I suppose I could buy more anyway on the open market assuming the SP falls in line with the offer. Just wondering if I should sell something in the ISA just to create more headroom in the hope of getting something close to what I actually want. Any surplus cash could be used to rebuy what was sold ....... unless it rises too much. Just mulling options out loud!
Not sure I like the proposed changes to the dividend policy.
Shareholders or management? Results show eps down, debt up, NAV down. Although TRIG has got bigger overall and management get a percentage. Maybe Im misreading it! Come on management get richer by all means but a least drag us along with you. Fall bigger than the divi ..... I wonder why!
Anyone taking up the share offer just announced?