Bluefield Solar Share Price (BSIF)

Hi Dartron, sorry to hear of your poor return. I'm sorry to say that your issue originates from your entry point. I hold 30K shares bought in tranches only when the price dipped. I think I've held for about two years but the sale should see me +15p per share. Most of my renewables trusts shares were bought with dividend returns from ORIT, UKW, SEIT, HEIT, AERS and NESF. SEIT/AERS/HEIT all got sold on wind-down/take-over and moved into the others which I still hold. Recently I added TRIG and I'm waiting for a first divi. I will vote against the sale to Drax but I doubt that will carry any weight. I should add that my +15p includes my dividends as I adjust my holding cost based on income recovered. This may not yet be all over. In the case of HEIT [Harmony] another bidder came in after I'd sold and the price rose significantly. In this case, the bid is so close to NAV that I suspect another bidder is less likely but... you never know! Good luck to you with your other investments. GLA

Been invested for around 2 years and I have made.....wait for it..... £23.21

Purchase date 20/08/2024 3,250 shares @ 109.51p. Cost = £3,559.08

Dividends received - 7 dividends of 2.2p before the takeover completion:

7 × 2.2p = 15.4p per share, 3,250 × 15.4p = £500.50

Takeover proceeds - Cash offer = 92.574p Retained dividend = 2.25p Total value received = 94.824p per share

Therefore: 3,250 × 94.824p = £3,081.78

Total return

Takeover proceeds £3,081.78

Dividends received £500.50

Total cash returned £3,582.28

Original cost £3,559.08

Profit £23.21

Result

Total profit: £23.21

Total return: +0.65%

So after nearly two years of ownership, I've essentially broken even, with the dividends doing almost all of the heavy lifting.

Net outcome: +2.96p per share.

Was a poor investment in hindsight, but not as poor as NESF. Whether ill ever see this cycle repeat (funds based on cheap debt as rates rise), ill know better next time. You could have made money on this vehicle, with better averaging or having been invested earlier. I think NESF claim to have distributed close to the mcap back to shareholders over the very long term, I expect there is a similar claim here. But if you bought in post 2023, you effectively became the bag holder. Silver lining, im free to leave, albeit with bruises from inflation and opportunity cost, perhaps wiser for the experience.

Well yes of course, that is where I hold mine, but 1) it takes time to accumulate large amounts in these vehicles and 2) one tends to buy these kind of things when you actually want the income as a way to withdraw the money. They are not necessarily the right investment for someone in their wealth accumulation phase.

Shares held within ISA's or SIPP's dividend income is tax free

If there is only one bidder at this price and the shareholders have insisted on a sale, they don't exactly have much of a negotiating position do they?

But sure the shareholders could vote to turn it down.

I'm never surprised that the boards don't own huge chunks of these trusts as for most working age people dividend income is not a tax efficient way of taking profits.