"I haven’t been able to download the prospectus"
https://www.greencoat-ukwind.com/investors/report-and-publications/2021
Not really inspiring update but traveling in the right direction. NAV steady collections improving but still selling so income will be hit and assets down.
I suppose debt and LTVs will look a tad better. The buyback didnt amount to much.
So you don't need any now then nice! What are your thoughts on taking up the offer.
I might wait until the 18th to decide, my corporate action is now available. I might ask for extra to resolve the other stuck account.
Just out of interest, those wanting to take part in the placing. Why weren't you buying recently when the price was in the 130's?
I suspect the SP will fall much closer to the placing price on the 11th anyway and is a guaranteed way to get the number of shares you want almost as cheap as the placing with a lottery on how many share you might get over the allowance.
I haven't decided what to do or how to deal with the account that's fully loaded.
A 1% rise is neither here or there. I suppose its good its not dropped like a stone after buying although I might add more if it did.
Hopefully you will get 5% in divis over the coming months just for holding.
So the question is will those dividends go back in here or somewhere else. I suspect the market will take a turn after Christmas so there might be more top up opportunities ahead
Just had another quick read of the results. Dividends of 23.40 and income of 23.22, so I make that 0.18p short. There is some context, with sterling's rise and "other" income suffering, hopefully to recover. Things are not as bad as when I first looked and just read the headlines. There is a 12p reserve to help smooth out payments.
Looking ahead, I expect the divi to rise to 23.8p and I think HFEL were forecasting a 12-14% rise in dividends. Add a slight reduction is costs the only worry is some of the bigger individual holdings taking a bash.
They just need to arrest the capital side of things now.
To be fair Ade2a, they was no evidence to support you claims and apart from suggesting it was so, you didn't provide anything to support it either.
Now it has been confirmed and there are some numbers to look at. You also highlighted so concerns over a couple of the bigger holdings.
Longtime, I took it as meaning they intend to keep increasing the dividend and are willing to use the reserve when needed on occasion.
It also leaves you in a quandary if your tax shelter is fully subscribed as you can not add any more funds ti take part with out doing some musical investments. I would also add they are usually oversubscribed so be careful if you request extra shares then the allowance.
If you are lucky, sometimes the SP falls below the offer price anyway so it might be worth keeping one eye on this for a moth or so. Mr Market might help drag it down too.
I need to spend more time reading them but getting mixed messages in first quick look. Dividend now not covered and supplemented by reserves and seem to imply this might continue. So is that divi rises to continue even if it needs some support. Long term it will fail short term it might work. Still, divis wont be rising "as much" as the reserves will need refilling at some point.
They also seem to be saying that capital growth side of things isnt an issue because investors still want to buy shares knowing that there is no growth or am I reading that wrong?
So income needs to rise faster than the dividend and I need to check the figures to see how much the short fall is. Hopefully
ade2a has his spreadsheet up and running as he was quite up on that issue.
Now need to see if I should add more
This has fallen to the offer price and latest update resulted in a 10% drop. Im not sure why its been hit so hard. Greater expectations maybe or just hitting the bottom of everything forecast. People here were saying liquidnet was sliced bread but maybe its just teething problems getting it intrigued. Obviously I need to do some more reading but I have added some in the hope that its a temporary issue and things will improve.
".... the UK is a smallcap country with no EU relartionship to protect its interests ..."
Temple, if you read some papers its the EU we need protection from! It might make overseas income slightly better though
The buybacks didn't amount to much and I'm not sure why they have stopped or paused. I think it was more the drop in income rather than the loan levels being the issue. Lots of REITs have LTV of 40% although lower would be better.
I'm not sure they want to take it private or could afford it. I liked the fact they had a controlling interest and skin in the game. Hopefully this will drive them to do long term interest than short term gains.
So it is being (forcibly) sold for me and there were very few "No votes!."
My No's didnt count for much then. Im still not convinced this is good news but alas I will (have to) move on.
So some extra cash to invest somewhere. First world problems I suppose.
Old, Well you have a couple of days before the buyback restarts and yes Im still watching.
Day, still low yielding IMV the oil price helping other divis (that were cut).
Maybe I should panic buy a tanker or twos worth of petrol as I was too busy getting toilet rolls and pasta
So the price has gone sub £12 and I wonder if it will finish the day below.
This was very high but now just high so going back on the watch list. Yield still quite low but at least its a tad safer than Ever grande atm. I'll have to check to see how the buyback has faired, autocorrect said failed haha.