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I hold TRIG and UKW. I did expect TRIG to be the better of the two stocks but so far that hasn't proved to be the case. Both are showing a profit for me, and both dividends are good, but UKW is showing me more than double the profit so far.
I do expect this to even out over time, and think both stocks are winners.
Helen Mahy (Chairman) was bullish about the prospects of TRIG this year and it seems rightly so with energy prices rising and the share price also doing nicely presently. I am now looking forward to seeing the proposed dividend rise next year, the fact that there was no increase in the company’s dividend this year I’m hoping and expecting a decent rise I also see more value medium/long term with these rising in price.
This share never seems to move very far from 125-130 range but today it looks like it is being 'held' firmly below 129....anyone venture as to why this might be....or is it MM rigging the trades to stay in this area?
I don't really understand whats happening with this, I can't see anything wrong with the stock.
I bought TRIG and UKW in the same month. UKW is up 3.08% and TRIG is down 3.58%.
I was convinced TRIG was the stronger stock of the two.
I will however continue to hold both as I think they will both do well medium to long term.
Interestingly these fell below the 124 placing price.
Is it time to make a few more pennies?
Selling for a few pennies worked out much quicker then I expected
Maybe they are meting them so often to get more help out of them? Sound like more of a political story as there is no context just blind assumptions
Well good to see that they seem to have reduced their "half" calculation when they split the funding round from halfway between SP and NAV which means that existing owners do better. Thanks, sometimes it feels like all this moaning does some good.
In terms of earnings I'd not worry too much, TRIGs earnings are getting more and more driven by weather conditions across the whole European continent and improvements in technology. A blip of coal here or there is going to have only a small affect on the overall business.
Of greater concern are going to be that newer installations will always be more efficient and hence generate cheaper energy. Where TRIG has longer term deals on their older kit that will only influence the figures slowly as they become a smaller part of the overall portfolio but it does mean that TRIG needs to maintain a regular stream of new facilities as well as a policy of repair and upgrade on their old facilities to stay roughly in the same place. The good news is there is plenty of FF energy sources to be cleaned up across Europe.
At the end of the day this is a Utility so it will never be very exciting unless someone like Shell decides they need more green credentials. Just a nice steady divi stream.
Bilb, I thought about buying some just to sell for a few pennies but you are likely to get that from divis in a year anyway.
The wind not blowing and the sun not shining enough as we have started our coal fired lecky again. I wonder if this translates into lower earning for Trig or just a blip.
Of course this tactic is going to be a waste of time if Shell comes along and manages to buy the lot at NVA+10%.
I admit to buying when a funding comes by and selling around 127p which is the ceiling, taking dividends along the way. At the end of the day it is a utility and pays out divis all day long no matter the crisis at the time. So a good one to buy at the dips in a financial crisis (the wind blows and the sun shines). I also use the divi to support portal costs in fully invested accounts, but that is not really a good strategy it just works and consumes tiny amounts of capital.
You have to bed n isa any purchases via the app
I dont think I can be bothered with all the faff and Im not sure I want to buy them anyway. Last time they fell lower than the placing too. Hopefully Mr Market might help me instead
Ive not looked in detail but assuming you can only buy through the app and not in an isa. I will look closer tonight.
I suppose it will drag the SP down towards the placing price. The question is do I want more at 124? When its not really doing much for shareholders but great for management and its commission based on size.
123p target then.
The Share price will always be held down due to the regular cash rounds that price at half way between NAV and standing share price, the more it floats up the more the hit on thelater buyers. Since the half way point is agreed between managers and brokers and the management fees are all percentages of NAV they don't care and just want to make sure the funding round gets away, so the only people who are there to look after your interests don't care.
I'm going to assume that the board will be doing another funding round in November/December to coincide with COP26 do you reckon the offer price will still be half way between NVA 114 and Sp 129 or will the management be more aggresive this time?
Motley Fool reccomends buying the shares 5th August 2021.
Investors don't have to be assuming the NAV will rise. It could reflect the difficulty of going and buying your own diversified renewable energy portfolio, the attraction of owning an ESG asset and crucially the relatively stable inflation linked return. Rising inflation and natural gas prices (often the marginal extra cost of electricity) might raise NAV). As for the SNP nationalising power, haha, I think someone's been drinking too much from the Daily Mail chalice (for reference I don't support the SNP or independence).
It is a strange one.
The NAV is based upon independently sourced forecasts of power prices going out over 15 years combined with short term power market curves.
If you look at the EEX and THEICE power prices for the next two years, they are on an upward curve.
This needs to be reflected in the forecasts to have an effect on the NAV.
I assume the forecasts are updated yearly.
Anyone got any views on why the NAV has been stuck at around 115p since Dec2019?
March 2021 Fact sheet shows 115p
Obviously investors have got a 5% div during this time.
I am assuming low Elec prices during the plandemic hasn't helped.
So to invest at a price above 115p investors must be assuming Elec price will rise in near future.
Taken divi and profits ..... left a few quid in .... will wait for the next placement to buy back in.
GLA
I think it is worth talking about but I conclude it is background risk.
Hi - only the UK government ( under the Scotland Act 1998), can authorise another referendum. It has consistently said it will not do so.
With a massive majority why do people think it will allow a referendum?
OK there is a risk one will happen- one day and a further risk the country becomes independent and a risk they will nationalise TRIG's assets and a risk it will be done without compensation.
I can't quantify that - can anybody?
Too early yet unfortunately as Trig only seems to be interested in "mature" technology but hopefully in 1-2 years . after (hopeful) cfd's . I really need that for Simec Atlantis! It's going down the pan at the moment.