Member Info for dadean

Serica rns, most read company rns on the London stock exchange news site. Good update as well

Sparhawk, if that's the way it works, maintain roc fit etc, this is a positive not negative! Fabb, firms up revenue further out on the curve...

We need clarity on the story we've both linked too. It's either a non event, or disastrous, depending on what gets pulled into the CFD... Lets hope for the former

Ref the following article

https://www.theguardian.com/environment/2026/apr/21/uk-shifts-older-wind-and-solar-farms-to-fixed-price-deals-to-reduce-price-shocks

Would I be right in thinking that the affected assets would keep the fit or roc and only the merchant revenue would operate under the CFD?? With alternative being fit or roc plus merchant revenue with egl levy?

If they put a CFD around total revenue, (fit or roc plus merchant) that would be the end for this....

Gla

That Reply reads a little "ai" 🙂. If accurate impact worse than I was thinking . But let's see where this opens on Monday, I'll be curious about ukw too...

Two additional very negative pieces of news affecting the renewable sector yesterday afternoon. Changes to the low carbon generator tax, changes unknown as of yet. May not affect nesf unless it kicks in at a lower £/mwh... But the worse one, gov possibly going to force /ask for volunteers move of legacy support such as fits? And move to CFD... That sounds very bad although it may actually firm prices further out on the energy price graph and therefore support nav... Articles on the guardian, mental note to self, don't invest so much in industries where gov is greatly involved

Renewables, the news flow has just been atrocious really... Guess the golden year's for renewables were upto 2022 thereafter very poor.. Thankfully it's just 2p of nav which barely makes any difference when we're at close to half NAV... what next will we need deal with? At least inflation and interest rate expectations should drop which may lead to improvement as the year goes on.. Seriously wishing this as past year has been difficult

Thing is Shanie, now might be the best time to reinvest divs, likely we've bottomed here you'll get 10pc yield nearly, plus your buying a £1 for 55p approx..

Never had it been so derisked, but dyor, we all keep getting stung with the likes of this, investing cert ain't that easy

Read your post there Jerry, good to read your views, yes nesf somewhat derisked at these levels and company doing what it set out to. My ability to buy greatly more somewhat limited now as I have already bought most of my holding. Bought mine between 70 and 50p, so limited fire power left, guess new div policy fair at the end of the day we used to get approx 8p with 4p anually decay in the NAV, now we get 4p so same result.. Approx 10pc return and that's where I aim. The possible gold lining is the 44pc discount to nav, it may pay out one day

I know it's been awful, def this sector and a few asset classes been royally shafted by the interest rate cycles, the company itself hasn't been run particularly badly but the interest rate cycle has been brutal... It's crazy to see there are some long dated UK gov bonds that are down over 50% so much for safe... As for the likes of this, it has proved poor for early investors and with the new div policy it'll remain poor sadly, best hope is anyone wanting out sell on the inevitable temporary high that'll occur at some point, hope prior divs have lessened any losses

Your likely right okfornow.. At some point this year we may well see a rally, for a period...

I'm waiting for the new tax year to put more into my isa... I opened a spreadbet on proposed additional holding on strategy day... It's been in the blue and red by 500 since then. Wee experiment till I can buy next week... Feels like a derisked near 10pc yield now... Gla

Looks like new wind generation record today and that's despite me driving past few wind farms sitting idle on my long drive

At the end of the day Senator we're all trying to read the underlying performance of the fund to allow us to either invest, stay invested or sell. The surface level narrative is quite grim but dig a little deeper and there's quite a lot of cash floating. Now as to my post being rubbish, each to their own but it fulfills a purpose for me. As to yours, you come across on the slightly darker side of a pessimist, things may not be as poor as you think. Certainly I hope your not invested here with the poor roe as you see it

And Senator, no need to be so narky, it's a board for discussion not berating. You can go back to the playground for that if you want

Well I corrected my omission! True depreciation of nav is 3p a year, so ideally that needs invested to stop nav decline,

Sorry realise I got that partly wrong, fund costs excluded. So that likely takes us down to 58m approx which is 10p a share so pe 4.6, before lost revenue whatever that will be in the full year, but agree fund costs too high, woukd be better if they had 2gw under management

To be honest if you dig into the accounts this is much more profitable than most think, ebitda is 93 million forget the d and the a, interest including the prefs is 23 million, leaves 70m for dividend, debt repay and investment and fund costs... That 70m is 12p so although not like for like we trade on a "pe" of 4 and we should be "evergreen" now with nav erosion planned for... (last years figs, realise we may have lost 5 to 10 million revenue which will also come of the bottom line)

Armofold68, before or after? Well if you definitely buying at this level, maybe split it half half, at this price, if results disappoint, hope not, we're priced quite richly... I'm not buying any currently and not selling either

Mad move : I guess in infrastructure world. Anywhere else more common, synthomer was up 60pc at one point today, one that I nearly but didn't buy sadly, have been buying this steadily past 12 months

Another group of mentally compromised individuals are those in Central banks. So they are raising rates to stave off inflation. How stupid is a rate rise?? All that'll do is compound slower growth in the economy and hurt not just the public and business.... The public are already feeling pain, the economy is already slowing down, spending and sentiment down... So the public won't be running the economy hot, in fact lower interest rate or stable gives breathing space... But o no, rate rises on the cards.. Crazy...

Leads to the joke how does a boe control weeds in their garden?? Raise interest rates...... The only tool in their box