Member Info for Conger2

How can they fund new contracts, they are limited to 40% gearing (at of near the limit) and or issuing new shares at over NAV which they are well under.

I and trying to be indifferent about the recent decline of the share price here, as like many others I am in this share for the dividends not share growth, but it hard to see how they can grow this business without issuing more shares or borrowing, both of which they can not do under their current self imposed rules.

I dont think we will see much of a turn around for a while yet either, as until guilt yield start falling significantly which could be 2 years away they will have higher finance costs.

So best not expect too much of this for short term, medium/longer term things should get better.

This week GCW uk has been named as one of five IT shares to watch in 2025, with expected good returns, supportive government policies and failing interest rates.

I would not disagree, I am looking for it hold its dividend deal for the next 8 yrs.

The safe dividend is a big pull here, the longer that continues and the lower interest rates fall, the more draw it will have.

This is a long term buy for Dividend income, ideal as part of an in retirement portfolio as its income return is way higher than any pension annuity and you only risk the capital no lose it on day one. There are so few ways you can invest £20k in an ISA and get such a safe RPI indexed £150 a month income tax free therefore as an share for early retirement (55+) income it is an absolutely outstanding choice.

We all know Wind energy is part of the future, it has too be in the UK so in the end this will climb, in the next low interest cycle and as dividend rise.

Yeah I am 60 / 40 Av / LG I think AV going to be the more stable own for the medium term but I also think L&G will recover at some point to much higher SP levels. £3+

I am in both for the long game in my crystallised SIPP, with the Divs as part of my income vs an annuity, this seems a better bet long term. (NB They are a small part of the total investment portfolio, so risk is balanced off.)

There are very few buyers, so sellers are having to drop the price to get it bought.

" Greencoat UK Wind invests in operating UK wind farms to provide shareholders with a sustainable and transparent income stream through an annual dividend on the issue price of 100p (10.0p for 2024). Given the nature of the Company's income streams, the board has increased and intends to continue to increase the dividend in line with retail price index (RPI) inflation. The Company also aims to preserve capital on a real basis by reinvesting excess cashflow in additional operating UK wind farms, and through prudent use of portfolio leverage. "

I guess this is there answer..

Revenue growth is not the issue, the problem is capital funding as they are country mile off NAV so issuing shares are just not possible, and they are at 40% borrowing limit. If they do not fund new projects, over time they can not grow significantly and older projects will be more and more expensive to run with older legacy equipment.

So I been thinking, how do they grow the share price as they are hogtied at the moment.

So they are at the max borrowing they are allowed and they can issue shares unless the share price is above the NAV.

So only by I either growing Share price, or saving earnings / paying off debt can they actually do more projects at the moment, so I think they are in a bit of pickle short to medium term, unless they change the rules they made for themselves...

So with this in mind this is currently a Dividend stock which grows faster than inflation and I think it going to be a long time before it can grow assets or projects.

Completely changed my portfolio now, it is set up for retirement on natural dividend income, of about 5.5%. Using mostly investment trusts.

I would cleared well over £100k if i had stayed with IAG.

On separate note I sold RR at £1.80!

I would made a lot lot more you taking around £700k if I had stuck with RR. lol

O well I made a good profit with both and I have enough for a very comfortable retirement at 58. So off to do a RYA Yachting competent crew qualification in Greece in 3 weeks and going Scuba diving in Nov in the Red Sea, so really can't complain...

So I timed my exit from IAG almost exactly one month ago. lol

After months/years waiting for to go over 200.. lol

Someone pass me a hamlet please ....

So bought into this, as part of 5 shares instead of getting an annuity with part of my retirement portfolio, was taking the view, if I take an annuity I have defiantly lost the capital, where as using this route using 5 higher risk investments I got similar returns in dividends, the chance of long term growth both capital and income.

Iran has not had its revenge yet ...

I for one don't think they have forgotten.

Iran has not let lose its retaliation yet which will knock this back when it happens, last time it took two weeks.

I have been thinking of rebuying a holding if it happens, as there would be a quick buck to make if I time it right.

3 Cents (European)

Spot on Gordon.

Unless they get very lucky with a work over, the work overs are minor in the scheme of things really, they will not run high pressures for very long at all, as they will be mostly spent wells, which would never have been shut in if they were still viable at the time. The new extraction methods will help make and keep them viable for a bit longer of course, but they are not the prize.

@ Namco.

I am one of the few if not the only one that has made well over £100K profit out of this company's shares, selling out three times over the last ten years on peaks.

You're welcome to ignore my view of course.

Https://finance.yahoo.com/news/international-consolidated-airlines-groups-lon-052915182.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMjYaOQx9SiXXFEeuQst92NHlWI5ABbtmA6aKcl8Zm6uphNlaP0SP2cJiKpS9bN2Z5JTtZ_HBGOxc8LtsSzO5PKZfGYmC4JAj-VcZyau6Sb1yHTMfSOKz9WvkzMHbS2RnlaTKBCU0mSYsvAEYYQ58y5Kd6khdlawdoPqGsXGnGyL

So the measure they are using, panellises if you reduce debt with spare cash flow as they increases assets...

A big reason I sold up again was what I said on the 9.20am on 23rd of July.

"I am not sure the GOI has approved the work program yet as it is not implicit, I could and hope I am absolutely wrong on this, but after what the GOI did with the test drill it something I would liked to have seen said. If I am right there is another long delay coming before work actually starts."

I am so sorry to read, the GOI has not approved the work programme as part of the new partnership agreement.

The reality is it will be months and could even be a year before they actually get this work program approval on past experience. The GOI sticks its noise trying to control everything far too much and looking at the speed things are approved it woefully under rescored to do it.

It reminds of a story I heard, of a HR manager giving a Director of company a bottle of wine, the Director asked why, the manager said, it represents decision making in this company.

We have great staff, and a fantastic product which is the body of the bottle, but you are the stopper.

If I was the GOI, I let the partners risk their capital, starting from they know what they are doing and are the experts on getting the site into commercial production, so make sure the environmental and similar obligations are being adhered too and have a very broad brush approach with the rest of the work plan.