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What's going on is these have barely moved in three years. Nice 5% divvi but is it worth the risk? Not very good when inflation's at 10%.
On the other hand, I've been looking at the wholesale electricity forecasts for Europe. I get the impression that high prices are expected to remain until summer 2024. So, supply constraints may outweigh lower demand. I think I'm miffed about it because I tend to rely on TRIG as a low risk place to park cash.
Amircat, you are probably right. I am always slightly behind the curve.
Probably a hedge/pension fund or investment group had a buy order there.
The market in general has reached the top of this bull run. Macro economic conditions point to significantly weaker growth and hence energy demand.
Still, I topped up at 126 again today, 6% dividend announced, keeping a balanced portfolio, if you're worried about a little drop like this then you're over exposed.
Can anybody shed any light on the £3m worth of shares traded at 129.60 after the market closed, at 16:51. That's quite a big number.
You’re right. Makes no sense. Sometimes sell-offs occur after good results. With regard to buying shares I think it pays to be irrational, reckless and delusional. None of the so called experts that I watch on cnbc saw the huge market rally coming when asked for their 2023 prognosis. Hopefully this doesn’t become an entrenched move downwards on trig.
What the .... is going on? Solid results and a big fall. Topped up at 129 only a few days ago and now substantially in the red.
I'm totally disgusted. The market is insane! Or is it me? It has been said that horses must be more intelligent than humans because they never bet on people.
Are you sure, share price now lagging 30/32p behind Greencoat having been virtually at parity 18 months / 2 years ago, plus a 5% rise in the dividend against UKW 13% rise.
I’d suggest the board need to have a hard look at themselves along with the companies advising them. The share price other than a few spikes and lows has remained at this level for far far too long.
Definitely a good set of results. I imagine the ‘boring’ nature of this one doesn’t get people’s blood going… the possibility of a windfall tax hangs over TRIG for many would-be-investors perhaps. But if that doesn’t materialise the the sp will bounce for sure.
picked some more up, never going to get exciting but...
No one yet this morning seems to have noticed these good results
I would hope that this update will get us out of the discount doldrums?
Bought some at 128p, will buy some more if they fall further.
Nice to see 4 Director buys on the 30th November. They must know something!
Looks to me as though the dip here has been strongly bid, with buyers setting the tone now. I expect to see this consolidate in the 130p-140p range that it held for several years previously.
ToD
Well I followed suit today, sold at £1.3017, it wasn't a big holding, only 9703 shares, but I'm fairly confident I can get back in at £1.25 or lower to increase my holding by a few hundred shares. I'm still holding SSE and UKW in larger quanties so I shouldn't miss out on the sector entirely if I've made a booboo, and I've managed to make a few quid on TRIG, if I include the dividends, its quite a nice return.
I don't normally trade, but at the moment it looks prudent to take a little risk with the odd stock here and there.
But what about the NAV rns where Trig said the planned reduction in Corp Tax would add 5p to NAV?. if Hunt U-turns that planned tax cut then technically that will lead to that expected NAV increase evaporating. There again the announcement of 5p on NAV led perversely, to an immediate 5p drop in TRIG's sp. Too much to hope that we'll see that drop reversed too!?
All the old contracts will be honored its just the new contracts in question for tax
All the old contracts will be honored its just the new contracts in question for tax
Disagree, since the amount to be earned from renewable electric has increased by a large amount due to the increases caused by fossil fuel cost increases. The costs to produce the renewables has not increased so their margins will be bigger at no extra cost.
An easy target to tax.
Will of course play into the hands of the O&G industry who are also making vast quantities but probably have a few more tory ministers on their payroll....all IMHO DYOR
I do not think they will be able to push the tax on renewables. Too many greenies will get hot under the collar...They might change the political climate
96p was cheap in the 2016 post referendum sell off ... nice of Brexiters to help traders make a bob or two.
Likewise, I'm topping up. Don't necessarily think it's cheap at these levels but fair value.
"and your investment is on the list." An early Xmas present .... I've been selling Trig 128-130 the past two years buying around 123 its been a good hedge against market woes during the pandemic and missed the spike up to 140 ....
... was lucky bailing 128 last friday ... and back in yesterday for some at 124 and more at 120 .... when I can free some cash I'll buy more at these levels.
GLA