Member Info for dadean

Will I be brave and hold through results day, generally get burned further doing that, but will take the risk

Thanks for your take on this Timbob, cheers for your view, guess the market not overconcerned either based on nesf price action today, albeit gov bonds taking small hit

Question relating mainly to legacy generators such as nesf!

How do folk rate the risks of Andy being PM on the renewable sector and current subsidy schemes and associated taxes?

The only good thing about Andy as PM is less chance of a reform PMat next GE, who would likely make things much worse for the sector.

Of course don't really wish discuss politics here, I'll try avoid that but interested in risk perception going forward.

Lower overall in the long term but perhaps higher short to medium term?

Indeed, our deals have been tiddly wee deals in comparison, albeit cost next to nothing. Well we have the increased fire power with the new debt facilities, should be able pull of a billion £ deal. Who knows maybe even enquests north sea assets, albeit larger decom liabilities

Interesting to see cygnus not showing the bid being confidently priced in or am I looking at the wrong cygnus? Also cygnus has traded higher than the recent bid in past years which is positive for valuation

My thinking is similar many happy, at the end of the day the trust still throwing off money, we're benefiting from cheap finance and we still get a reasonable div.. Whatever nav does is slightly disconnected. There's still some 900m of invested capital behind this trust and that's the reason I've not sold out.. It's slow and infuriating to see the sp where it is but the core thesis still in play

Does anyone else see the trend, happend 3 times in past few months, we get a spike in share price for around 3 days, then a rns that sinks the share price. Blooming annoying. I'm personally surprised we're not down more and effectively the market agrees, we've been given some benefit of the doubt on the back of bsif..... But jeezo, think the NAV Down 30% In the time I've owned it.... Now I understand why folk thought the NAV was rubbish.... Element of dishonesty here

8.8p reduction in NAV ouch... That read as a bit of a kitchen sinking there... Only plus, dividend likely exceeds anyone's current expectations.... Is this already priced in?? Who knows, find out in half hour... Silly of me to guess but will we be down 8pc? Maybe less... Pity there was no message of a unsolicited offer which might have steadied things, another rock in the road.... Shame about the discount rate change, bloomin Iran nonsense, BSIF upped there's too and tieded their nav just before announcing the offer... New (personal) target reduced . 53.27p short term.. Disappointing about that lost 8.8p guess we got 2.1p of it as a div, the rest of evaporation of nesf fairy dust... At least div wise we're getting more, steadies the income appeal somewhat

I personally see plan for a sustained rise here, we may stay in an up trend for 3+ months, just my view but we may finally have had the pivotal moment that reverses the outlook on nesf

Wow, that's fantastic just in the process of reading that just now, will be interesting see what happens on open here too!! What a fantastic outcome for bsif holders

Thanks Timbob,

You are right, I noted what you posted after I posted my message. However in 2022, 2023, 2024, 2025 the quarterly was always released at/around the 15th so this year is different but as you say ties in with the date range on the website. Here’s hoping the manage release a rns with some positivity and hopefully only a small decline in NAV, don’t think the market or us could stomach much more!

Wonder What afoot with the delayed NAV, 11 days overdue, not a good sign

Things painfully slow with this share, strange to see how much more stable foresight solar has been despite their woes..... Guess bluefield solar and proof of sale may spark a small rerate with nesf, well done with your strategy review Tony.... Amazing the fund in presentations was spouting this as good entry point and yield.... Almost mis selling the fund

Apparently CPI 33% rpi 44%

Past year been way above inflation, greggs at 14% on single item, rpi 3.5%

Does wonders for revenue and in theory profit though... No wonder ftse finally got a lift off after 26 years almost range bound!

For what it's worth, at my local greggs,non franchise morning breakfast deal up 14% in under year, seems a bit steep! Same deal up 44% over 8 years... I own a few greggs shares but not too many, may get round to getting more some day, shame they don't do shareholders discount

Trig : I imagine many have read their update, while it didn't move the share price, it's wording and substance far better than our strategic update... Jeez nesf really could do better..

Thanks Timbob, agree with you there

But true they were eroding nav pretty heavily before. They should have stopped 80% of that now with the new policy

I prefer to revert to total revenue and costs and attempt my own figs... Either way I see this as more sustainable and potentially a slight closing of the discount results in reasonable capital uplift.. Here's hoping..

I guess there's various things at play here, Jerry , as you've mentioned. Number one, over the last sort of 12 to 24 months, they've sold nearly 10% of their portfolio, and in the same period, energy prices have dropped. I suppose also , interest rates increasing cost of debt plus power prices falling . So all these things play into the reduced earnings. And of course, they're wishing now to invest to support the NAV. personally, I am hoping that their earnings are kind of better than expected going forward. Maybe they were kitchen sinking the whole thing, back in March, but let's see.