Member Info for Gerry557

Wes, very general statements you making there with nothing in they way of support to the claims made. No one making you buy these terrible UK stocks

Star, thx for the context.

Yes positive updates. What's that saying about putting something aside for a "sunny" day.

So if you have bought shares at 264p why would you sell them for less days later. I can see instant profit currently in selling the rights issue shares but to get them you have more originals that will suffer even more. So any instant profit will be offset from paper losses in the others. That doesn't make much sense.

The discount price is to get people to buy and the company to get its capital and over 90% did even at the end of the tax year when I expected some might have issues. I'd expect most of that 90% would have taken more at that price, I would and happy to take more from you or anyone at 264p today.

Whilst the price might remain "subdued" for a while whilst there is a bit of a shake out, once the overhang disappears normal trading will soon be back.

I can see this offering a 7% yield if the market dips or the 10 year jumps but think it will be difficult to get more at 10% under any normal conditions. Still one can hope that such an opportunity arises. It would certainly help offset the originals.

Wes you miss3d the party see the RNS for transparency

https://www.lse.co.uk/rns/launch-of-c163490m-rights-issue-ib1s4rbs8i4bjl6.html

Star,

DFM’s ???

Thom

Isnt that now until they get to the need new windmills time. Some were 30 years life and the first lot cant be too far off that now

Are you eager to sell your RI shares? what about the originals.

Mine are with Iweb so I wont bother looking yet but It probably takes a day or two to get notified of the results and then do the admin.

Still could be worse, Thames water going for GBP3 billion loan with a 9.75% interest rate.

One day,

Don't you get bags of flour with your dividends, you must be missing out. I prefer TRIG as you get wholemeal with their windmill dividends. Nothing like some homemade wholemeal toast with your divi.

Wow Pennon chat getting feisty. I don't understand the markets but can dream of getting more shares at 264p.

I'm sure they want to give me the opportunity for some 10% yield and everyone will allow that to happen just to help me. Unfortunately, whilst I suspect some might sell for some instant profit I can see much profit if it gets that low.

Don't we get the new shares Monday anyway.

Well the market was obviously expecting more but they seem to be moving in the right direction. Yes you could get more in the Post Office but it aint going to increase most years and more likely we will see more reductions.

The buybacks are a more long term issue and help the remaining holders. Sometimes they get it right and sometimes they dont and it will take some time to see which way this goes. A bit more of a dip and I might start my own buy back.

Im not sure I would be selling up but I doubt I will be reinvesting right now. I have a margin of safety and a 7.5% yield that will be moved elsewhere. Banks have been hit hard in recent history so they are due a good spell.

I think they are doing better than lloyds so it complements the UK v Asia thing

Gave,

Don't we need all those fossil fuels to make the windmills and to provide the power when the windmills don't.

Have you noticed how the weather and climate seem to be getting worse as we build more windmills, are they interfering with it all?

What are the sellers going to do now that the buyback has stopped.

So much for surely the board think not.

Have they taken into account what plans a Reform government might do to the sector?

The weighted average rate was 4.63% and some of the 6.95% was due repayment. I'm not sure what happened with that exactly but ..... Last Oct they said.

Greencoat UK Wind completed a £725m refinancing of its debt facilities during the quarter. That included reducing its revolving credit facility (RCF) to £400m, with £300m drawn as of 30 September.

The board said the margin on the revolving credit facility decreased from 1.75% to 1.5%, and the facility would now mature in October 2027. Greencoat also refinanced £325m in term loans and placed an additional £100m of term debt

Well this has crept up over 8%. I dont know if it is the upcoming dividend or something else. I suspect the ex divid date has been and gone so is it more likely rate cuts giving this a boost

Notwithstanding problems around government interference and windfall taxes etc. They might eventually see the folly in killing the golden goose. Maybe not and destruction of the West might be the end game. :(

Paying back debt makes more sense if its unaffordable or there are not better uses of said funds. More investment or buybacks on a discount etc This probably has double the effect of reducing debt.

I suspect you might be joined by a lot of others doing the same

I'd be more concerned that once it got going she would steal all the profits.

Well you can sell your shares anytime if you think they are going to go lower and try and buy them back cheaper. It more like trading and some can make it work but you need to have an amount that's big enough to cover dealing and stamp unless it's a big move.

Hindsight will tell you if it would have worked but the risk v reward for me anyway isn't worth it plus I'm terrible at guessing which way it will go. My last buy went up 5% in a day, lost it all a day or so after and now it over 5% again.

I think the RNSs are due to requirements to inform the market about holding over/under 5% probably due to the rights

I missed that the target dividend for 2025 has been upped to 10.35p from 10p. Every little counts.

2024 dividend cover of 1.3x is also mentioned in the fact sheet. This appears to contradictory to "Since IPO, the Company has delivered 1.8x dividend cover and, with its revised generating budget, remains on course to generate (on average) dividend cover of 1.9x over the next 5 years"