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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ThomasTheTank, nice name, thanks for the link but I dont want to sign up for the trial. I take it there was nothing of note then or worthy of comment. SP rising a tad ..... coming up to a divi or cos this is steady and the market is going the other way today
ecovest, thanks for the link. I see they are converting to quarterly dividends too which Im happy about. Its risen a tad too. Im not too sure about the policy going forward, the tax has hit hard (No grandfather rights?) I can see pulling the rug from new investment but I suppose those votery types make more noise than the Greenery types over the size of their utility bills. Then again I suppose I'm like the majority of people, I want green energy but dont really want to pay extra for it. Still it looks like they are still being built which is a good thing.
Mentions TRIG in this - most are facing similar issues. http://citywire.co.uk/money/storm-surge-lifts-wind-fund-through-market-mayhem/a884113?ref=citywire-money-latest-news-list
Mentioned as a safe tip here: http://www.compoundincome.org/blog/category/renewable-energy
Management say Total shareholder return (share price plus dividends) of 10.9%. Might have been when it was written but I suspect some of that has fallen away since. Still this was bought for a 6% rising divi and it had stumped up on that with the divi rising again. Management appear to be doing well out of the deal even if were doing only ok according to the published figures. Would be nice to see a set of management improve shareholder returns better than they do but that appears to be the norm these days. Have a look at VLK if you need to see some extremes in pushing rewards for management over shareholders.
http://www.upcomingdividends.co.uk/ It goes EX DIV on the 20th August so have to be in over night on he 12th August can sell then anytime after 8am on the 13th August if you wish. You will be paid on the 30th Sept 15. Hope this helps. :-)
The placing was oversubscribed and I wonder if the SP will rise now a tad as the shackles will be removed
Looks like the placing will keep these subdued for a while. I see its going to be split to allow some to be acquired in the new tax year. Make sense I suppose, allow NISA investors in.
You're right on valuation Gerry - I was reading too quickly.
valuation is only 1.5x. The Nav has only risen a tad but your right good yield. This has raised more capital on the way remember. Looks like it wants to keep doing this, paying increasing divis and reinvesting the surplus into more capacity
Nice results. Profits doubled. Valuation of portfolio nearly doubled. Nav per share just above current s/p.Total 2014 dividend of 6.08p and targeting further 3.08p for the 6 months to 30 June 2015. That's a good yield.
agree so did i
So TRIG are floating the idea of a placing which UKW also did a few months ago. I notice no details were provided apart from they have identified a "pipeline of attractive acquisition opportunities in both solar PV parks and onshore wind farms" I know the party is in full swing with placements at the moment but Im not sure if it is aimed at the likes of me or to see if the institutions fancy helping out. I can see why they would like to be bigger and Im sure it will help increase the fees to those running it but whats in it for the owners? Will we be offered a discount or locked out completely. What will it do to improve the company and when will become a positive on the top line. I would like to see some figures or are they going to use our money to overpay for expensive assets just to feed the BoD bonuses. That RNS says so little
All Eu member states have compulsory green energy targets (including UK). Long term, these are a good buy, especially at current prices. Coalition energy shambles (and Labour no better) have a lot to answer for.
The Germans look to cut bills by reducing green subsidies http://www.bloomberg.com/news/2013-11-10/merkel-s-coalition-to-slow-wind-energy-expansion-to-reduce-costs.html
Yep, lights will go out without some green energy in the mix. And it looks like it'll be cheaper than nuclear ...
The share price has risen above that at UKW both were 100 on the open market and UKW rose to 108+ and has since fallen back. If this mirrors, then maybe I should sell at 108 to buy back lower later. Sounds like a plan ...................... that I doubt I will follow!
Im not sure about the "Guaranteed 6% Divi." I know they are "aiming" for that sort of figure and were currently on track but many things can happen in the mean time. With inflation running a little high it might be a bit more nest year as its supposed to increase by that too. The biggest concern for me is how long the turbines will actually last as I expect some will need replacing early. By then they might be a bit cheaper and a tad better. Hopefully that can increase the output too! Now I have to find a company that can "store" the energy for when its needed most.
Very similar to UKW (Greencoat Windfarms). Guaranteed 6% Divi. Very safe and a good investment.
Well this slowly rising and is nice and steady. Glad its behaving as expected. Might be just starting to get a bit ahead of itself
Well I bought this to be slow and steady, so I'm glad that is working out. I know most people like to see big immediate gains but I'm using this to off set some more racy type stocks. Gold miners are up and down like a roller coaster right now and with gold down yesterday I suspect I will be shouting weeeeee! today as we ride back down. The market is not looking as cheap and I doubt that this will fall too much should the market take a turn for the worst. Only time will tell with this one, so that's what I'm going to give it. Any dips might be good opportunities to top up.
Well it did move up a bit today! I think it will be slow and steady.
I was surprised that the share price hadn't moved up like UKW. Proving that they progress as expected this should be a nice steady income share with some capital gains with not a lot of downward side as it is underpinned by subsidised income payments for its energy. Maybe its not been found out yet. I've had a few so I suppose I have to rate it a buy, well for me anyway. As always DYOR. I will wait until Mar 14 for a new Divi and some inflationary on top!
Yes also in here. Hopefully s/p will rise a bit too as well as divs.