Member Info for dadean

I wonder if there will be a rights issue with nrr to part fund the purchase... Shame nrr is at a recent low at the moment, cal up around 15to20 percent

Overall a good move for nrr if they pull it off but no guarantee, shareholders may face a little pain over it however

Looks like reits are the only part of the market not taking part in the recent rally, no movement here really.... Guess we need rate cuts to turn this around

I can't imagine we'll see a div for a year, guess they've a lot of capx to get done, hopefully the revenues will continue to increase

Thanks JTS, interesting, volumes picking up, on ig it looked like the spike reached 60p but surely that's not possible, well holders will be relieved with increase past few days

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 mks, say 1 hour? Not found anything usable yet, saw some random note of 500k per mw but I thought that a bit low....

Hi, I was wondering what would say a 5mw unit cost to build? Thank you

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....

We're flying last few weeks, not bad the increase from 150p to 210, 40%

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

Hi don't know if anyone know the answer to that question, cheers, struggling to see myself

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

Sorry in my reply i wrote the word supermarket -- i meant shopping centre......