Member Info for Temple_of_Doom

"at a 9% premium to carrying value" ..... I assume this refers to contribution to NAV .... the sector seems like taking sweets from a baby .... took small profits from NESF to add here today.

“ Thoughts welcome!” The worry to my mind lies with the low forward pricing on electricity with futures contracts and risk of oversupply even in the renewable space short term - at least in Europe.

As far as TRIG is concerned recollect this company expanded by issuing equity as a great annoyance to long term holders - the easy trade was to wait for new equity calls, buy the drop and sell the rally … many will be heavily under water if not cutting losses but TRIG has issued equity at high prices and if I read correctly, is now using its RCF to boost share buybacks so it’s now borrowing money at rates lower than the dividend return.

When times are hard … those companies with highest debt have front row seats for bankruptcy.

“ I am a holder, have been for about 4 years. I think the assets are overvalued. IMO, I think the bid/offer price is more representative of the asset value.”

Funny … but another for the filter list.

“ . You may also be surprised to learn that the "value" of the investments -- for which there is no market price -- is calculated by the concept of "fair Value", which completely depends on multiple assumptions rather than hard facts. ”

I turned the IPhone upside down for better reading g of the above and gave up, the. Filtered the poster. That’s my contribution to facts on this BB.

Here is another contribution to facts … sold 50% at breaker even last Friday on the day rise at 76p cleared Tuesday to rotate into another stock in the sector at 74.6p rotated out and back into here averaging 72.4p today so up 3% on last Friday.

Correction GSF not GCF.

Stocks in the sector are broadly trading at 2024 lows minus the annual dividend. The only exception from my portfolio is GCP that is about flat over the year independent of divis and GCF that is another 20% down.

This time last year US Nat. Gas was trading at 30 year lows in real terms but UK Nat Gas having just checked is down 30% or so. Trading Economics writes:

“UK natural gas futures hovered around 100-105 pence per therm, the lowest level in nearly two months, as warmer weather forecasts eased short-term heating demand.”

I’m not sure myself which part of the UK has been warmer than normal … probably more the case that people can’t afford to heat …. See also:

“ The UK, with limited domestic storage capacity and a reliance on European imports, remains exposed to any disruption in supply.”

UK makes USA look smart.

I was expecting divi announcement today or Friday … the question is when paid. If also delayed a bit naughty … implying a 52+ week year … we will see.

Global warming has hit St Kitts and Nevis …. 2 hours of warm rain in the morning as the normally dry season breaks trend … ah well …. It’s a US led Island …. Looking at prices even in taking into account location, I can see what US folk have been complaining about …. let’s hope UK doesn’t follow …

“ Some would be wise to post less and research more. Filtered.‘

Is still sound advice … along with smart money rotates money to make money.

“ but not sure if this is even possible with their corporate structure.”

“ SDCL Energy Efficiency Income Tst

11 September 2023

SDCL Energy Efficiency Income Trust plc

("SEEIT" or the "Company")

Transactions in own shares

SEEIT announces that on 8 September 2023 it purchased the following number of its Ordinary Shares of £0.01 each on the London Stock Exchange through Jefferies International Limited.”

Some would be wise to post less and research more. Filtered.

With slightly weaker £ compared with October and higher gas prices I’m expecting NAV to increase in SEIT … but Rathbone have cut hence accelerated fall.

Divi RNS usually a week before dividend that have shifted to middle of the month.

... although I just changed my mind ... sold £15K NESF to pop in here. We will see if I get out here +5% and back into NESF -1% from those bought today.

This share has been under the cosh from Deutche Bank aka the old Numis for about 8 months in my view ... and re-testing lows .... with a few percent more to go ... I'm heavily into the Renewable space with 3% dividends due in the next month that I'll pop into here so have to be patient unless the sector or a few shares in the sector recover losses - but hey ho such is the market ... and what's annoying is that the American Hedgies will be making billions at the expense of EUrope and the UK for being in the know with Trump's next outburst.

A Trump market is a manipulated market in my view.

The hit this morning is on the back of Jupiter results today with AuM down significantly because a star fund manager jumped ship. At the end of the day, in the current climate asset managers need to offer services that retail investors can’t take advantage of … one Liontrust fund that I hold for example, loans out shares to hedge funds for shorting but ploughs the income back into the fund for extra revenues … these gains adding to bottom line add up providing of course the fund manager does his job and loans out shares that recover, eventually.

But you get my drift.

“ We have explored new methods of delivery with the launch of Jupiter's first active ETF in February 2025.” … I pointed this limitation to Jupiter after results in August 2022 with a long winded response from the chair of that meeting telling me that Jupiter believed in actively managed funds and was not considering ETFs. The rigid response was why I bailed predicting 65p from 125p.

Many mocked that prediction at the time.

"Stop pandering to Trump and call it the Gulf of Mexico you numpty." Agreed.

Added another 10% this morning … the sector looks like the spring is in for a recoil ….. time for bed said Zeberdee.

“ December 2024 saw average GB BESS revenues increase by 65% from November to reach approximately £84k/MW/Yr, the largest monthly increase observed in the past four years.‘

From HEIT today.

With FTSE250 and 100 levels I'm expecting AUM to increase at next reporting. Secvtor looks heavily oversold to me. DYOR

"All you need to know about ITC right here." Thanks Pip56 - to add from GSF itself in Autumn 2024 I think .... a Trump win, would likely delay investment in renewables leading to less competition in the sector in the USA.

"This was in 60s prior to Reeves budget, suffering with bond yields higher than expected, already got a full quota in the 50s but will buy more if price begins with a 4."

Reeves' budget also coincided with Trump's win, that had a much greater impact on the sector I'm afraid.

UK had wage demand led inflation, with Tories trying for two years to increase unemployment rates to curb wage inflation that included pulling the 650,000 early CV19 retirees back into the workplace. This is one reason UK had rates longer and higher - inefficient business goes to the wall.

The UK is not in a good place - we all know why. Take a peak at what Reform Party pledged ... 20% on employer NI for foreign workers only, and default on UK bond payments to banks.

The UK needs a closer relationship with the EU - even more so now with Trump and MAGA.