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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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That being said, just remembered this line from previous RNS "cashflows is enhanced by approximately 75% of the year's revenues per MWh generated being fixed (including subsidies)". So hoping all is good
I'm mostly in UKW, but have a few here too. Industry will broadly be in the same position I'd think. Eitherway, with BoE base rates being at all time low and equity markets being highly volatile, plays like this - even if they happened to reduce their dividend slightly - are still some of the best / safest plays on the block
Interesting... Equally, explore UK electricity consumption per Gov data (e.g. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/875400/Electricity_Q4_2019.pdf)
Chart 5.5 clearly shows that out of the 294 TWh used during 2019, industrial & commerce makes the significant share of consumption. With shops and businesses closed due to the virus, this should be resulting in significantly lower levels of demand.
Also illustrated in Chart 5.6 is that residential electricity needs are cyclical, with Q2 & Q3 being noticeably lower demand (40-50% demand fluctuations from Q1+Q4). Spring has arrived and Q2 starts tomorrow. People will be reducing their household heating with the arrival of warmer weather - although, some may be off-set by more people staying at home for work.
TRIG, UKW and other renewables on here have already stated that wind production levels are higher this year, so not anticipating any problems with keeping our freezers cool...although, that'd be a reason for investing in BRIG or something similar I suppose
Contrastingly, what I've mentioned above could indicate reduced levels of demand outstripping any immediately visible reductions in supply. I'd like to see the 6% of imported electricity dropped off first (if needed). Main thing is that we don't want any price wars due to lack of demand... that'd impact TRIG worse than the alternative
I don't know if trig will be affected but I read an article on msn about the possibility of black outs because of only essential work being done and because more and more power workers will become effected with the virus , they were saying food in the freezer would last up to 15 - 20 hours ..dark days ahead
dividend pay date today
nice to have one
Renewable energy? Too unreliable, too expensive, many people think. But a new study has found that the right mix of renewables can tick all the boxes.
https://goodmenproject.com/environment-2/renewables-the-99-9-solution/
Just realised, for some reason it’s showing old positions from years gone by! My mistake
Elliott Investments. An American hedge fund.
Check out shorttracker.co.uk
According to www.lse.co.uk there are currently no open short positions in Renewables Infrastructure Group.
Who is this shorting activist you are talking about?
Bit unnerved by the amount of short positions this well known activist is taking against the renewable sector here. Not only in wind but solar too.
Do they think the premium to nav has got too high or perhaps they see the sector ripe for consolidation.
Worst scenario would be if they have information that the new government intends to treat companies differently regarding subsidies/ tax / long term contract prices.
Anyone have an opinion?
Scotland has had a succession of Low pressures and strong winds here in Edinburgh so I am hoping TRIGs H2 results show strong wind generation. Scotland makes up 28% of TRIG's generation capacity
Quarterly Div coming up soon:
Fourth Interim Dividend 2019 (quarterly) 1.66p 13 Feb 20 31 March 20
Annualised UK elec generation by power source up (updated Q3 2019, % calculated from data from drax power website)
Wind 20.0%
Solar 4.1%
Wind 20.0%
Nuclear 18.0%
Biomass 6.2%
Hydro 1.3%
Gas 40.0%
Coal 2.9%
Imports 7.5%
Seen as a safe haven from corbyn, brexit, trump with the approval of little greta thunberg I guess. UKW chart looks similar I think.
trig is turning into a tradeable growth share with the div% decreeing every time the sp goes up
Late reply sorry. I bought some foresight, hope fully before exdiv. Lurka
im waiting for the sp drop after the ex dividend date (14 nov) before I invest any more money with trig
Thanks TSAE. Renewables of some sort seem the only way to go.
And assets in Europe and Oz sound a good thing. I will take a closer look.
FSFL has a SLIGHTLY higher yield , uses new shares issues to pay down debt and buy more assets , it can reborrow to buy more assets when its payed down debt , pays quarterly dividend , has assets in Uk , Europe, Australia. Very similar business model and yield to TRIG & SWEF ... ALSO GERNSEY based / £2240 ANUAL RETURN ON £40000 before sp increase /so in all a reasonable forward program to be with.
Does anyone have thoughts or experience of foresight solar? Renewable energy similar to trig
That was a rather dumb question! as cash is an asset total nav must increase.
When the next dividend is paid, because the share base is now larger, but the new money will not yet be generating income (beyond reducing some debt), does this mean that the NAV (per share) will fall further than it would have without the placing?
When infrastructure funds do placings does the NAV then approximately increase by the size of the placing, or is it only reflected once it is invested in the projects?
Should have been rights issue but they got their money. Suppose it means TRIG is well regarded
....and they gave them the upcoming dividend as well !
Over subscribed and scaled back! Didnt help the little man though, bit naughty really that only some get mates rates.
Well shares swapped and now all together with one broker and managed to end up with a tad more shares to boot. Market dropping and maybe I should have held the cash for something different
Well if you had the option to buy, one with a sub and one without, what would you choose? Admittedly there will be a (bigger) FX rate to think about if agreed but they have mentioned the hedges etc. So probably not too much determent to share holders and could be more beneficial. They still can do UK business if they can find it at a cost effective price but they think this is going to get much harder.
Still I sold some on the news, hoping to buy them back cheaper.
Wot could go wrong!