Member Info for Temple_of_Doom

£10 per holding? MY AJB fees were well over £1000 a year down to £360 a year when including free trades.

I transferred from AJ Bell to II 3 years ago - It was a very wise move. Fees with AJ Bell were outrageous for a system that crashed during volatile markets and made extracting income virtually impossible for those with hiogh trading volumes.

Checkout announcement from last year …. About a week before due. This share has been a bronco ride the past 6 months ….

103? Not counting dividends?

Porsche1946 - Blocked.

But =-buy

It’s more to the point that noises have been made about share buybacks at the large discount and capital recycling that hasn’t materialised as yet … it is what it is but trackers are forced sellers … so there will be some recovery when the dust settles … meanwhile enjoy the divi … still think interest rates will reduce in June …. Sunak would not have gone for July were it not the case … and I don’t but into total independence of government and BoE.

Pushed out of the FTSE250 …. Nicely timed by Barc to give it it kick in the nuts to make sure.

Gungi - I'm level II watcher .... there is a hedge fund crawling around this share hitting it hard .... and has been there for a couple of months ....

Renewables are seen as bond proxies ... allegedly stable share prices .. a slight irony under the current environment I agree .. but there we are. These companies can have sizeable debt so returns are interest rate sensitive - hence many in the sector looking to reduce RCF dependency - but reutns are also linked to gas prices that are squeezing nicely now so I'm a bit surprised by the continued low price going forwards ... so can only attribute the weakness of a possible Labour government and claims of cheaper energy for everyone with various rumours of nationalization in the sector.

Nationalization is not what Labour are proposing ... more like PFI without the PFI .... state/private combination generating energy as UK turns to renewable as its power source.

Lower interest rates will boost bond proxy renewable share prices ... that's all I'm interested in ... picked £10K up at 72p last thing today .... looks like the sector has taken a hit today ... Labour government Great British Energy fears I'm guessing.

Reckon Sunak has called GE because he knows interest rates will drop in June,

Nat Gas prices in USA are squeezing … expect the same in Europe along with electricity prices.

Interactive Investor would be my recommendation.

US Nat Gas futures are now up 50% post the February 2024 lows ... so there should be some hike in UK gas prices ... speaking of which I just fixed energy prices for two years with EDF .... can't see UK prices going much lower in Brexit Britain.

"Ultimately, all these renewable trusts need their share prices to go above the NAV per share"

Not so easy for NESF that can buyback shares at a discounted rate. Disappointing that NESF has increased the divi rather than fix the divi and buyback ....

... other closed end funds like PGMR that holds stock in other companies, could use borrowings or cash tp create shares at a discount, buy the underlying stock at a heavy doscount to NAV and release shares at a premium to the stike price at purchase. Not so easy for NESF that owns assets, but I did make the suggestion to PGMR a month or so ago.

Interest rates coming down US gas on the way up .... and 2p divi in a couple of weeks ... 94p was the Xmas peak so a good target, agreed.

Should be trading at 105p given the current NAV ....

£450K trade gone through at 76.1 ... about time.

Quite a fun day .... the drop took me by surprise I must admit given Nat Gas over USA .. but cleared out of GCP grabbed more 72.9-73.5 took 75.5 or thereabouts this afternoon on NESF and back into GCP down 1.5p ... so good day trading.