Member Info for 0715

Same here sold, peak share price around early June, buy back on the dip

Anything under £1.50 is cheap, buy here for mid to long term, good balance sheet, cash generative, and good dividend.

Bought in looking cheap at these prices. PBT around $45/£34 million this year and strong balance sheet with $80 million in cash. Market cap is only £280 Million

Mcap £9Billion+Debt £5 = £14bilion

Revenue is only £725 Million

Which works out at 5% thats before any costs, with rates possibly rising you will be able to get bonds for that, need to see more pipleline turned in to income. £6.20 is reasonable

Sold out, the share price normally corrects in the next 2 months. Priced at NAV now.

On a bearish slope Heading towards £3.80 - £4.00

It starting to become value, needs to drop a little more to around £5.75, quite a bit of debt on the balance sheet £1.7b

With a mcap of £900m and debt of £1800/$2400m, total value is £2700m.

The 2025 guidance is for £350m/$450m fcf eg 7.7 times

If the share price went up £20 the fcf ratio would be around 10, still cheap. Rusty needs to up the dividend.

Looking cheap.

Looks to be overpriced, Debt is over $4B and the Mcap of £8.8B give a total of £12.8B and its only generating £600 Million in income, you can get more income in a bank account. With that level of gearing the NAV is inflated.

A NAV can just mean they have over inflated the NAV by paying over the odds for things. When the market softens the real NAV ie what you can actually get when you sell something is lower.

Why would you leverage 40% of a inflated NAV or more like 70% of a realistic NAV and only generate 6% of rental, need to be nearer 10% rental if you have high gearing.

Same thing happened at Regional REIT a inflated NAV and high borrowings, had to do a restructure to survive, if the slowdown continues and NAVS soften this isn't generating enough income.

Gross rental is only £474 million, ontop of market cap of £3.48 the debt is £3.6billion, total just over £7 billion.

Too much gearing and market cap to only generate £474million of rental, well overpriced.

With PBT down to £75million and Debt up from £0 to around £100M the SP looks to be heading to £3.60p

Steve English keeps saying there is a under supply of Regional Offices, and rents are rising.

If this is true why has the RGL occupancy level keep on falling. Its gone from 85% to 78%. 22% empty offices is a lot of overhead in rates, security, and power cost.

If his any good he needs to show how his reducing the voids every quarter, otherwise as we know him he just talks waffle.

Looking cheap under 70p, as you say £60-70M on a Mkcap of £250M, debt is low as well.

Profit forecast of £135Million and a Market cap £1.3b+£838m Debt = approx £2.2B

£135m= 6% profit on Mcap, not massively cheap and with the macro environment not clear and CEO's leaving you could argue it may head to £4

With the Gas price at above pre pandemic levels for a while profits should be high.

They need to cut debt and raise the dividend as the yield is getting a bit low with the sp rise.

This is the best of the solar/energy funds.

On Current figures Market Cap + Debt = £877 Million and it generated £74.5 million at the half year, so double upto £150m for full year (17% income on capital).

Its by far generating more income than NESF, BSIF, GRID, HEIT (around 9% income on Capital)

Big re-rating due.

With the gas price at the at a higher level for a period of tim the share price will head above £15.

The next quarter results will show an improvement.

I make it that The RNS re $14M contract gives a 8-10% yield on the asset depending on how you value in the current battery storage pricing.

With this large chunk of dividend contracted it should raise and support the share price.

Gas prices track up until end of October, were the beginning so looking good at the moment.

lets hope Rusty doesnt buy any more wells unes they are going very cheap, he needs to payoff the debt/raise the dividends.