Renewables Infrastructure Group Share Price (TRIG)

My purchase at 10.18 is showing as a sell.

I've got to stop buying these, I'm being a major shareholder 🙂

GLA holders

Good afternoon all

Bought a load more shares about an hour ago with dividends.

While the company news and outlook are fine I will continue to compound the dividend.

AIMO.

GLA holders

Bought yesterday,l like the dividend,the company size,the buy backs and overall strategy.

When I retire in a couple of years, I'm hoping the dividend income will make life a bit more comfortable.

Will keep adding with dividends for the foreseeable future.

GLA holders.

It's worth noting that the analysis doesn't include the recent sale which would have reduced TRIG's debt and gearing

I suggest registering to get the full report, but here's some more from the Kepler analysis:

Analyst's View

Over the last few years, it has been very easy to get overwhelmed by all the detail when it comes to renewable energy infrastructure generally and TRIG specifically. And to focus on the big macro factor, interest rates, that has been the main influence on share prices, together with shifts in regulatory policy, the ‘Trump’ factor and power prices. But behind all of that, we find it very interesting that, at a point in time when global energy supply chains have just undergone perhaps one of the largest shocks in history, TRIG, which of course sells energy, is trading at a level where its dividend yield is at the widest spread over UK government bonds that it has been since its IPO. While we follow the short-term logic of investors taking a cautious stance on markets, the irony is striking. There will be, and already is, plenty of rhetoric about how the UK must do more to extract its own gas and oil resources, and whether that’s practical or not it doesn’t change the fact that renewables are not a small side hustle for the UK and other European countries, but an integral part of the energy mix.

TRIG’s big advantage in all of this is its diversification, scale and capacity to become self-sustaining. With wide discounts, raising fresh equity to acquire new operational assets is currently off the agenda, and development and construction have become an important part of the mix. TRIG has the scale to maintain dividend cover while allocating capital to generate higher returns from reinvestment and construction. The 29% discount therefore looks to us to be a remarkable opportunity.

Bull

- True utility-scale diversified portfolio of assets

- Development and construction pipeline could generate higher returns and extend the portfolio life

- Wide discount and yield spread over government bonds

Bear

- TRIG uses gearing, which can amplify losses as well as gains, albeit gearing is lower than average for the sector

- A high proportion of fixed revenues, with over 55% inflation-linked, mean dividend growth may be lower than inflation

- Political risk over energy policy has moved a notch higher in the UK but TRIG’s country diversification helps mitigate this