Member Info for dadean

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.

Ref sale of old panels and reuse This is probably not that bad an idea actually. If someone else can get another 10 years out of the panels, and they're able to source them at low cost, would be good investment whether they're built into another large solar farm or perhaps even if they're maybe given in pairs or so, to individuals, there is technology these days like the EcoFlow inverter and direct-to-plug, where perhaps maybe for under 100 dollars, a family could have a working system— these new EcoFlow systems for the UK typically 2, 440-watt panelss,they cost in the region of 300 pounds, and they can plugged directly into your power socket. It could effectively cover your entire base load or the bulk of the year.

Any guesses on what the new dividend quarterly payouts will look like. My guess is for four quarterly 1p dividends once they start later in the year. Potentially the fourth quarter could be topped up to 1.4p, perhaps. Guess that's about the only way it can be.....

Next div will be 2.1 as per previous guidance...

Although not an issue at the moment, looks like reform could pose major threats to this sector... I've probably under estimated their rhetoric on the current share price of this and similar....

Good rate on the bond, so we've got around 600m total to spend

Did manage to top up, let's see where this goes in coming weeks

Can't believe how quiet this board is compared to my other holdings such as serica ithaca nesf ukw BP, shell etc. Amazing what stability does!!

Interesting acquisition, appears low cost too ref reserves

Indeed Steven. I'm temped to up my holding a bit too, could be good news around the corner too...