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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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I think it is a little more complicated than that, they argue that the large deals coming out of the UK for the foreseeable future will be too big for them/too expensive for them if made the right size. Yes, I think that smaller deals will benefit from ongoing subsidies but eventually, they are going to hit the same problem of being too small which will either lead to a sell up to a bigger player or they have to grow faster. To grow faster we are going to have more of these RSI where they set a price for more stock. Which I think is good, it sets a floor to the price. eventually, they will have to work with non-subsidy deals.
Is it in the long term interests of share holder that the company is just chasing subsidies?
Nice positive interim report today.
surprised at all the selling with the dividend coming up soon
Chair here is same as took charge at Medicx and saw it merge with PHP, so known to me. Big premium and have cash to invest because I don't like prospects for UK market right now so sold up elsewhere. Will stay on sidelines and see how it takes to the inevitable Boris Brexit! Think we will have at least one big sell off.
(SWEF) HAS a 6% yield similar low risk dividend payer like the renewables sector
With talk of cutting the subsidies to companies like this as they are now getting millions in tax payer funds I think they might be hit quite hard.
Yes all side say they want to be "more green" but implementation and ideals are often confused with unintended consequences. Would taking subsidies away from companies and giving free solar power to council houses really work? would that be the best use? Would it be better that subsidising fairly well off to have solar on their roofs?
Why not make all new builds have solar and be done with it and you could even plan in more green community energy like they do with parks and play spaces if roofs were not the most efficient facing.
yes I see what you mean about trusting labour, with the leader looking like an empty bottle of Russian vodka
Personally I think every company will be affected if Labour regain office. I speak as someone who should be a labour supporter, but currently I wouldn't trust them with the office tea budget. I would think share prices will generally be down 40 percent minimum on the day labour come to power. As for TRIG, with wind, solar and battery assets, they should be the type of company that any Government would support. There is a mass protest vote towards climate change controls, and politicians seem to be listening. Personally I just invest to give me enough dividends to live on, and I won't be getting worried about TRIG being affected. I would have been out of all my investments long ago if I was.
will trig be effected if the labour party regain office? any thoughts ,idea's , etc?
Breaking out or just getting back to normal now the placing has finished
Looks interesting already.
Yep I got scaled back too. Never mind your last post reset my expectations. Jun Dec and Mar are my worst months for income so a few more of these will help address this a tad.
That is quite good on the efficiency stakes by HL although their CS was always quite good. I wasn't expecting any news till next week on mine.
Still you did get capped so doesn't bode well for me. I thought they might set a smaller limit for the cap amounts so smaller holders would get 100% and the bigger holders get capped slightly higher.
I wont fret further as the SP has subsequently risen so any I do manage to get hold of should have risen and my income PF should have a tad extra for the pot come June
Was allotted 2,500 by HL, applied for 2,900. Received 2,766 so reasonably happy with that.
Long term hold along with UKW
Hi chrishutch, welcome to the fold and hopefully lots of growing dividends to come.
So the placing was x3 oversubscribed and has been materially scaled back even after increasing the size on offer. Doesnt bold well for my application although being over subscribed was expected. I suppose it now all depends on how the scale back works but I expect to be disappointed. I went for a smaller lot in the hope that a limit will be set to aid smaller holders (as if!) and that it will be the big players that get more scaled back.
Guess we will find out next week
I started buying some of these today.
Well I have split my options over the two brokers. Broker one, accept the offer to buy but wont have sufficient funds unless I break the law. Broker two Accept the offer with additional shares hopefully to cover the missing from Broker one and some extra that I have cash for.
I could lose out if the offer is scaled back as a percentage but hoping my relatively small amount will be upheld and only larger funders will be scaled back.
I choose not to move my options outside the ISA and ask for even more shares than I would really like. The reason was the possibility of being scaled back and having that cash tied up so close to "Brexit" in addition to having to be Bed n Breakfasted, additional costs and taxes and to make my tax return much simpler with only a few weeks to the end of the tax year and I have been so good this year.
So I will definitely have more shares next month but no idea how many.
Medway_Man, I agree that there is likely to too many buyers as generally many like there will be oversubscribed. Ive considered a tactical sell of something hoping to buy back within the new isa season but that has risks and costs.
It is a pity we dont know how the scaling back works as that might influence the way I handle the situation. Is it a percentage or will smaller amounts get priority etc
I would normally ask for more than I require to top up just in case I was scaled back but limited currently with isa dates. I will be able to buy my allocation with one broker and get a few more added to the wish list that might make up for the ones stuck with a different broker that I have the issue with.
I though about selling the lot with that broker and applying for the same amount back but might end up with just my smaller allocation and a lump of cash at some later date and being blind to my actual holdings until the allocations are issued later. A bird in the hand and all that.
The other option is to bed and isa later having moved the allocation outside the isa but then I have to contend with any tax issues. Still I can then apply for as many as I want.
Maybe after "sell in may" or Brexit bad news day they might get even cheaper than the offer
They probably have enough institutional investors ready to pick those not taken up by the likes of yourself, already in the wings.
Fortunately, I had/have an underperforming stock in my ISA, so sold 50% of that to take up my basic offer allowance on nearly 3500 shares.
I had considered selling the remainder of my underperformer and apply for some of the excess TRIG shares (but I am not a fan of stock applications being scaled back and having to wait for returns of funds put aside/up front) so I might top up my PHNX next week instead on or after the 21/3 when it goes ex-div
Well it looks like I have the option of transferring the rights outside the isa to buy more or having to sell something in the isa to create the space/capital.
Not an ideal situation Oh why not at the start of the ISA year? it looks like a case of given with one hand and snatched away with the other.
and discounted to shareholders, whatever next. Done at the end of the tax year and not the beginning? Why not wait a fortnight and have access to all those shiny new ISA's?
Will the SP drop to match the offer. It looks like its dropped a tad anyway pity I missed the original announcement as I might have sold a few myself but it looks like the drop has already started.
I suppose I could play musical isa's and find room for some more although I was expecting this to fall a tad anyway as other renewable s report a drop on average production masked slightly by higher power prices.
Might have to have a tinker with this later and see what I can do
you could try HWSL for income
yes I'm a bit surprised its selling at a high premium to nav ,when last year they could only pay out due to increased electric prices as they had a drop in generation , due to lack of wind. Also a lot of the generators are second hand and have a shorter life span and higher maintenance costs .Looks like sentiment is carrying this share more than fundamentals.
Kind of annoying how well the share price is doing - I like this share for the steady income, so a 6% yield was nice while it lasted.