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To invest mostly in operating UK wind farms with the aim to provide investors with an annual dividend that increases in line with RPI inflation while preserving the capital value of its investment portfolio.
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You can't rely on the yield figure from DividendMax. I suspect they base it on their own automated estimate of the next year's dividends, and their robot probably doesn't realise that this year's total dividend is already fixed at 10p.
I usually do my own yield calculation.
That UT trade is the Uncrossing Trade from the closing auction at end of day, so that's buyers and sellers both coming together to match as many shares as possible at an agreed price. UKW only bought 50,000 of the total shares during the auction, at a price of 139.90, because someone else was willing to sell them at that price.
But the market never reports the direction of a trade, it just reports it as 'a trade', and every trade must be both a buy and a sell or it wouldn't happen. The Buy/Sell indicator on here and other sites is just running an algo trying to guess what the origin of the trade was. It does that based on the where the trade price is within the spread - below mid and it marks it as a 'sell', above and it's marked as a 'buy', in the middle it can't 'guess' so it's marked as unknown (late reported trades are also marked a unknown). It's also highly fallible and best ignored most of the time.
This trade at the end of the day.
30-Apr-24 16:35:15 139.90 664,019 Sell 140.20 140.40 928.96k UT.
Can be seen by UKW in the UKW live news in the tab above as a buy back.
So purchased buy UKW and not a sell.
Is this the normal way for it to be shown in trades or just a fault ????
GLA LTH
Yes sotonspike, that agrees exactly with my figure. Of course if the share price changes significantly tomorrow, the yield will change as well!
"Chatroom" still hasn't explained how he/she is getting the figure of 6%, though.
Sorry should have said on HL it's 7.03% ...Hope that sorts that out.....
Thanks for putting me right I was only quoting what I read.....Should have added on HL the dividend is quoted at 7.3% ....
Hi sotonspike,
You say:-
"According to dividendmax this is paying 8.2% at these prices".
I can't see how that can be right. The (target) full year dividend for the current year is 10p (4 quarterly dividends each of 2.5p). The share price is currently about 142.2p. Divide 10 by 142.2 and you get about 7.03%.
4 x dividends per year.....According to dividendmax this is paying 8.2% at these prices
I make it 1.77%... 2.5p Dividend / 141p Share price.
Where do you get 6% ?
Ive just topped up ready for he 6% dividend
In terms of growth I am a bit surprised he mentions Hydrogen production over vanadium redox flow battery storage
MikeM14.
Thank you
Hi Chatroom,
No, it's a bit more fundamental than which stock exchange the shares are listed on. Basically what the 11% have voted for is that the company (UKW) should cease to exist in its present form and be restructured or even wound up, so all assets (ie the various wind farms) would be sold off, and UKW would just be a pile of cash that then gets distributed to all the shareholders in proportion to how many shares they own. The company's Articles of Association basically require that such a vote takes place in any financial year in which the share price is at a discount of more than 10% to the Net Asset Value. If you want any more detail, probably best you go on the UKW website, find the recent Notice of AGM, and read the resolution in full rather than risking me misquoting any of it.
Is That a case of there are quite a few share holders promoting other exchanges in favour of the London Exchange?
It seems to me a bit worrying that, at the recent AGM, there were so many votes (some 11%) for discontinuation of UKW as a company! I wonder how many of them didn't read the resolution properly before voting. Whilst the discount to NAV is still significant, UKW is far from alone in that amongst infrastructure/renewables investment trusts. I've seen continuation votes in AGMs of some of my other IT holdings, and there certainly weren't votes for discontinuation that were anything like as high as this!
I Cant see £2 any time soon but i genuinely feel that we could see £143 by mid may.
GLA LTH
Because people don't seem to realise that higher inflation is actually a good reason to buy funds like UKW which have good inflation protection! They'd rather own bonds that pay a very low real (inflation-adjusted) yield.
Inflation & interest rates to go up! thats why!
Why price plunging?
The wind has been blowing non stop for weeks here. The turbines are flying.....
The windy weather must be of some benefit here.
I would guess a huge buy here for a rise to £2 within a year or so - but who knows?!
Well done
Good future
Thanks Gerry. Will check settings which I guess also would be cash.