Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wonder if they were buys? Bought a little more of this, this morning... As people say, not investing advice, but the discount to nav, and with the decent management business behind them, this could recover very significantly from this point in the next 2 years
Thanks Mkx cheers for that, I'm confident the div will be reinstated, their revenue really going to increase this year as additional sites go operational, not to mention other possible drivers of improvement in regulatory environment
Thanks Actury63, I had a look at seqi, follow what you are saying there..
I was looking to use some of my isa allowance today and of all the sectors investment trusts in such that we are discussing appear to be most forgotten of all sectors, all the rest, or many at all time highs, therefore Ive put a little more into this.... Plus no stamp duty on nesf, fantastic.... I feel energy is a great investment over the next 10 years, might get some weakness if a full blown recession emerge but with the green electrification move underway, the future should be bright for this one... Maybe a little sp appreciation once they get the debt refinanced
Well although I don't have time to write a detailed post, hfd is one I definitely got wrong, had some position in this since 2018 and while I got some multi bagger returns on covid purchases, overall the experience of holding has been dire... I'll need really look at what I got wrong with this one... Think my remaining position will be jettisoned shortly....
Hi Actuary thank you for sharing the notes below. All things Considered I believe nesf compliments well with ukw holdings and I'll likely look to increase my holding albeit I'm terribly overweight energy, while including other holdings, thanks
Hi, i took a position in this co last week as felt it was a great opportunity, i can get a little carried away with ideas and always hone in on the positives, for that reason i've been trying to find reasons that i am wrong on this, and see the weaknesses with this investment. I have to admit i'm struggiling a little to find....
therefore is anyone willing to share what they don't like about this company?
i could find little to be honest, all i could note was i don't like the low dividend cover, i don't like that they are selling assets to pay down the RCF, a little desparation there? I don't like that they are scared by their level of debt... At the end of the day they are making like a 8% surplus over interest expense -- whats not to like about that? they should be borrowing more not less as it's all acredative.........
Im invested in UKW also, wind farm, i've since learned wind farms are slightly more profitable per installed mw capacity, albeit higher maintance..... the wind farm at the moment has near 2x div cover on a 7.5% yield, so they are generating more profit, plus they are investing half of the profit in new assets, as well as borrowing more to build more assets....
hope i don't appear too negative, but as they say good to look for reasons whey we might not be right
thank you
Thanks for the links 2227, appreciated. Had a look at the YouTube videos suggested too. Useful. Saw an interesting comment in one set of accounts where they said that they thought the levy would not materially affect them, albeit they paid more tax that year... Funnily I've just realised I've walked through one of their solar farms once years ago, when out on a old walk I knew... small world thanks
Me again sorry, ive been reading further on how the Electricity Generators levy works. i know it kicks in over £75/mw
however as Next energy always had a very high realised price -- like £150 due to say £80 for what is generated and £75 gov subsidy. do they pay the 45% tax on all of the subsidy or just 45% of the £5 (£80 generation per mw/hr minus 75/hr reference figure)
i hope it is the latter but cant work it out from their accounts ..... Either way still looks mighty profitable, but would the EGL i hope only applies to the price received minus the sub
thanks again
Thanks Legsofman, i'll definitely watch, cheers for the link, much appreciated.
Yes the divs are a major plus point - crazy some of the yields in the uk!
I must admit, the dividends are one of the largest drivers in my interest and returns on the PF
thanks
Thanks for your replies, very kind and useful to note... really looks like this one is tied to interests rates, as the pop up and down in the share price in december kind of suggests, if we get bond prices increasing, i would not be surprised if this increased by 10-20% the way you hear the media and central banks talk youd think interest rates are never coming down, but i just don't think thats possible...... i'm going to give very good thought to increasing my position in this greatly. i see in tehir presentations that the div is covered that is excellent... as for elec prices going forward, i think that should be a tailwind for them, its higher than before indefinately albeit lower than a year ago... thanks again gla
Hi I was wondering what type of portfolio percentages people put into this type of fund.. I have a sipp and a isa, I've started out with a 4% in the isa and 3 in the sipp, how does that sound? I see real value here.. Thinking to put alot more here... Alot of long term positives here
Hi Guitarsolo thanks ref your post, i take on board what you say about this reit and indeed the share chart sadly backs up what you say. All retail (supermarket and retail park and destination villages) were terribly hit from say 2016 till 2021.... i was caught out on a long term position in hammerson at the same time as you no doubt, luckily i clawed back most of the loss through probably my most thought out action pre and post the rights issue where hopefully i got to break even...
but yip its been a horrible place to be these years, i no longer hold hmso. Its like all the reits were terribly overvalued from 2015-2020 now however the sector has been rebased...... but with tons of capital destroyed...... (intu hammerson, nrr to name a few) and i am now happy to invest. we need to watch out for this type of thing in the future but for now it looks a steady punt.... sorry to read of the pub carange... who bought these, wasnt happy to read of this loss although i was aware of the put chain ownership sad to read of the loss to the Nrr owners
Watched the interview, thanks 1msn, interesting to listen only bit which to me was a little fairy dust was decarbonising the estate, I'm interested in the rental yield and the operational efficiency of the business, not too bothered about saving a few watts on the lecky.... Anyway financial efficiency drives carbon reductions anyway. I highly rate this company. Before I bought my shares I briefly owned regional reit for 2 days before changing my mind and buying this. So glad I did. I've followed this company for a few years and it appears to be one of the very best reits... Responsible management who are looking after the company, aligned interests.. As far as I know they never even had to raise capital, share issue, when their peers diluted their share holders....