Ecofin Water&powr Opportunities Share Discussion Threads

[cher price] 29/1/2008 23:24

Praipus - I think Ben Gunn may be suggesting it isn't wise to put all your eggs in one basket. As for which etf to go for, how about AIGA?

[praipus] 29/1/2008 21:19

Just in time for EDF-ACS joint bid for Iberdrola asmagliocco excellent timming.

[asmagliocco] 29/1/2008 13:24

A return to about 12.8% discount to NAV: seems a good time to add so I did. Though 100 shares was all the cash I could muster, too few to show on the trades page it seems.

[praipus] 29/1/2008 11:08

Cher Price only too soon if you sell now.

[praipus] 29/1/2008 10:15

ECWC NAV £7.434, share price discount to NAV 12.8, gearing 577.

[praipus] 28/1/2008 19:34

ben gunn
Intersting idea. What am I exposed to in your opinion?

[cher price] 28/1/2008 19:24

Bought back in too soon - as usual :-(

[ben gunn] 28/1/2008 18:16

P
I dont want to be a kill joy but with reasonable transaction costs couldnt you park a proportion of your holding in a govt bond etf or something and then buy back into ECWC once gold has fallen back below its 200 day moving average and ECWC has regained its 200 day moving average?
You are exposed sir!

[praipus] 28/1/2008 14:54

ECWC NAV for £7.299 share price discount to NAV -2.4 gearing 581 according to the AIC. Based on fridays mid price!

[praipus] 25/1/2008 14:30

Net Asset Value(s)

RNS Number:5679M
Ecofin Water & Power Opps PLC
25 January 2008

Ecofin Water & Power Opportunities plc

It is announced that at the close of business on 23 January 2008, the un-audited
Net Asset Values per share of the above investment trust company were:-

Income Shares: Net Asset Value: 97.65p per share (including undistributed
current period revenue)

Capital Shares: Net Asset Value: 720.12p per share

Ordinary Shares: Net Asset Value: 184.51p per share (after provision for a
performance fee of £0 in respect of the year ending 31 March 2008).

Gross Assets: £804,920,000

Loan Facility: £299,906,000

Net Assets: £505,014,000

NB: The net asset value reflects a revaluation of Airtricity as of 9 January
2008, to reflect the proceeds expected to be received from the sale of
Airtricity to Scottish and Southern Energy which was announced on 4 January
2008.

Phoenix Administration Services Limited - Secretary


This information is provided by RNS
The company news service from the London Stock Exchange
END

[praipus] 25/1/2008 14:29

Jzd, its good while the share price is going up. Do you advocate/practice any particular mix in terms of asset-allocation?

[jzd] 25/1/2008 11:21

Wow Priapus 85% in ECWC and I thought I was adventurous in having 3% in this obscure IT.

[praipus] 25/1/2008 10:31

ECWC NAV £7.299, share price at 2% discount and gearing 560, according to the AIC.

Cher Price, shrewd "market timing" well done on buying back in now. See what you mean about Iberdrola and the others.

ECWC and MNE are quite different. The quickest way to see the difference is for you to look at a chart and compare the share price movement over say 5 years.

They do have one or two common holdings. MNE seems to be in more risky new technology ventures not necessarily cash generating or asset rich so be very cautious. Also they seem to be making their money by raising new investor capital rather than looking for or generating shareholder value.

Ecofin seem good at engineering mutually beneficial holdings that give the target company access to cheaper capital and asset class know how and as a result significantly improve shareholder value. Great examples include Bristol Water, Northumbrian Water, Sechillienne-Sidec and Airtricity.

Who knows if Ecofin's ECWC performance will continue, common sence says it will fluctuate subject to deal flow, but they have IMHO an above average chance of compounding ahead of the market because they do more than buy and hold. Not many investment trusts even go to the AGM meetings let alone try and influence shareholder value.

Needless to say my MNE holding is less than 1% of my portfolio and ECWC closer to 85% and increasing whenever there is cash to spare. As for market volatility that will always be present and is perhaps to the long term investors advantage as you have just proved.

[cher price] 24/1/2008 21:57

Hi Praipus. Bought back in again this morning - maybe I should have waited a bit longer, but with Iberdrola and others recovering, I didn't want to miss out on the bounce.

It seems ECWC have been affected less by the crash than MNE, or is there more of a built-in delay with ECWC, in which case there is probably worse to come?

[praipus] 24/1/2008 09:51

ECWC NAV £6.9606, share price at 4.8% premium and gearing 575, according to the Splitsonline.

[praipus] 23/1/2008 09:44

ECWC NAV £7.173, share price at 2.5% premium and gearing 566, according to the AIC.

[praipus] 22/1/2008 10:31

The AIC hasnt updated its NAV values since Friday 18th January.

[praipus] 22/1/2008 09:33

ECWC NAV £7.4275, share price at 3% premium according to splitsonline.

[praipus] 21/1/2008 16:57

FT.com talking about capitulation already (seems a bit early to me) and calling the markets down tomorrow due to America being on holiday today. Your sale timing was wise. Last buy at £8.83 so showing a paper loss which I'm trying to ignore, whistling "Allways look on the bright side of life" helps I find.

[mangal] 21/1/2008 16:16

Now trading at a premium to NAV & that's unusual for this one. I sold out recently & yes, will buy back in once sentiment turns.

[praipus] 21/1/2008 16:05

About to test the 90 day MA. Anyone selling to buy back in or otherwise?

[praipus] 21/1/2008 11:16

ECWC NAV £8.062 according to the AIC, share price to NAV discount -0.6, and gearing 532.

[praipus] 18/1/2008 23:32

Theory: CIBE and CIBR (Iberdrola is dragging the NAV down due to Spanish government clawing back some carbon benefits).....irony is China etc is about to unleash its mighty Sovereign fund on the rest of the world. Spanish government reverse your decision quick otherwise you wont get the premium your assets deserve. It reminds me of the French buying up UK water stocks everytime the regulator or the government said something that made the price dip.

[praipus] 18/1/2008 14:57

Ecofin Water & Power Net Asset Value(s)

RNS Number:0885M
Ecofin Water & Power Opps PLC
18 January 2008

Ecofin Water & Power Opportunities plc

It is announced that at the close of business on 16 January 2008, the un-audited
Net Asset Values per share of the above investment trust company were:-

Income Shares: Net Asset Value: 97.56p per share (including undistributed
current period revenue)

Capital Shares: Net Asset Value: 821.86p per share

Ordinary Shares: Net Asset Value: 201.12p per share (after provision for a
performance fee of £0 in respect of the
year ending 31 March 2008).

Gross Assets: £823,806,000

Loan Facility: £269,210,000

Net Assets: £554,596,000

NB: The net asset value reflects a revaluation of Airtricity as of 9 January
2008, to reflect the proceeds expected to be received from the sale of
Airtricity to Scottish and Southern Energy which was announced on 4 January
2008.

Phoenix Administration Services Limited - Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
END