Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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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I would check what you have selected on your brokers settings. I expected you have cash selected. It will also just sit there again unless you have selected it to be paid automatically.
This might take up to a few working days depending on the broker.
My first div due for these apparently today? , do they pay money or in shares?
Well, I think they decided to increase the 2024 dividend by more than RPI, and then for some reason decided to give shareholders an extra bonus and make up the 2023 dividend to the same amount as 2024, by having an extra large 2023 final dividend. Now they don't want people interpreting this as meaning that they've failed in their policy of increasing their dividend by RPI every year, when in reality they've increased it by more than RPI over this period. Personally, I think they should have just stuck with the existing policy.
I doubt that they will increase the dividend any more in 2024, given the big fall in power prices that's been happening.
They dont make it easy to register for the conference call. So many hoops to jump through and so many technical issues.
Yes as expected really. Although I find it funny how they mention the dividend. Its 10p target, same as last year so instead of saying "flat" they focus on the "target dividend"
10p dividends declared in 2023, increase on 8.76p target
2024 dividend target 10p, 14.2% increase on 2023 target
Of course if things go well it could be upped and my flat comment would be mute
Results look very good, couldn't have done much more
All the best on here, chaps.
I've decided to sell all of my holding, which has been a painful thing, as I've been very attached to UKW.
I've been invested here for a long time, and I may mlt have made loads from a share price increase, but I've made healthy dividends along the way.
I've only sold due to other commitments in my life, and as you all know, they must come before squirrelling my money away each month on buying shares.
All the best, and long live UKW. I am sure it will be a bigger success than what it already is.
It seems that part of the reason for the current low gas prices is strong wind generation. So for UKW that should partly offset the pain of lower electricity prices, especially given that only about half of UKW's generation is subject to market prices.
From today's Telegraph:
--------------------
Gas prices muted as wind power whirls
Wholesale gas prices have remained subdued amid unusually mild weather and strong wind power generation.
Europe’s benchmark contract was last up 1pc but remains below €24 per megawatt hour after nearing an eight-month low on Monday.
Dutch front-month futures have fallen 40pc since October amid robust wind generation and warm temperatures keeping a lid on demand.
In Britain, wind turbines accounted for more than 45pc of the nation’s energy needs, above 24pc for gas. The UK equivalent gas contract was last up 0.9pc but trading below 59p per therm.
--------------------
Surely that should be "45pc of the nation's electric power needs", shouldn't it?
Along with BATS i added more UKW today !
Gavster,
I've been keeping a close eye on Next Energy. I feel that maybe worth a punt as it's hit an all time low, and it's got a healthy dividend.
Sorry all for the unrelated topic.
I bought a significant amount today at just below 128p. I like the protection from inflation, so I sold something which was more vulnerable to inflation to buy these.
All renewable energy stocks are down, because the price of gas (and therefore electricity) has plumetted back to pre-covid levels. But I reckon UKW will do OK even if we don't see any more windfall profits.
Ex-div today: 3.43p /share payable on 29th Feb. Already recovering from the original drop this morning.
Dividend.. Always falls in line.. Panic NOT
Plenty of high yielding ftse shares are having a dire time lately, as it seems most investors are staying away from the market or piling into the overpriced U.S market.
If earnings are strong, just keep buying the dips.
Below 130p I'd rate UKW as a buy
Buying back shares is their way of covering up their poor performance !
Their salaries are not at the expense of the share price, especially since the company are doing a daily buyback, but I understand the sentiment if one bought shares and the capital has now been depreciated with the recent sell off. I am in the same boat and It has happened across the sector. Bluefield (BSIF) have announced a share buyback program today as they also have a large discount to NAV. I would not be surprised if Next Energy follows, as their share price is also been sold down.
This really is a dire time for UKW.
This is yet another company for the directors to take excessive salaries at the expense of the share price.
Greencoat are hosting a Capital Market Events to potential investors and analysts on 01/05/2024.
I was hoping to find out of names of investors who had registered to attend but I can't find that info out.
If anyone else is aware, I'd be grateful if you could share.
ATB.
Buybacks, increase in q4 div, going as cheap as chips!
Https://uk.finance.yahoo.com/news/dividend-stock-blew-away-151720882.html
For some reason there is a lot of selling going on today in the tens of thousands of shares bracket.
I know the annual results are due this month so maybe some people are betting on them being not great?
UWK just bought back 200k shares, and lots of 15-20k buys on the live trades. This is the ..786 pullback from the October lows and VERY oversold on RSI. Nice div coming up this month and 10p next year apparently. Just topped up a little, but Bond ETFs and dropping dates offers a lot more potential capital gains.
If we see 131p I'll top up some more.