Ecofin Water&powr Opportunities Share Discussion Threads

[praipus] 27/4/2008 21:55

Is this the article Clusium?



Reading through this I feel there is slightly more hope for a positive outcome than I thought. I like Ecofin's stance as you say polite and wanting to work with the management. And the fact that Japanese shareholders are starting to sound as thought they would like to at least keep dividends in line with other Japanese utilities.

Will be very intersting to see how investors treat ECWO after March, 2009....a monty premium perhaps?

[clusium] 26/4/2008 15:53

See today's FT (page 21) for Ecofin politely flexing a bit of muscle over J-Power.

ECWO's discount to NAV is becoming ludicrous.

[praipus] 25/4/2008 14:02

Net Asset Value(s)

RNS Number:1477T
Ecofin Water & Power Opps PLC
25 April 2008

Ecofin Water & Power Opportunities plc

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

Income Shares: Net Asset Value: 99.07p per share
(including undistributed
current period revenue)

Capital Shares: Net Asset Value: 813.73p per share

Ordinary Shares: Net Asset Value: 202.07p per share

Gross Assets: £790,221,000

Loan Facility: £234,950,000

Net Assets: £555,271,000

Phoenix Administration Services Limited - Secretary

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

[clusium] 23/4/2008 09:12

Thanks for those reassuring thoughts, Praipus.

[praipus] 22/4/2008 16:17

Also worth mentioning in the Observer/Guardian article above they talk about climate issues floods etc.

They didn't mention the ability of utilities to insure against such things provided by CLE (another of Ecofin's holdings).

[praipus] 22/4/2008 16:09

Clusium,



Ecofin's mix is only partly in the UK and realy is special situation related i.e. Pennon and its waste business. BGY nuclear upgrading and modernisation and sort of under offer, SSE for the Wind Farm potential gained through aquiring Airtricity.

Creditcrunch enduced distressed sellers and economic slow down are likely to exact their toll.....but also offer opportunities so with those in mind I'm positive.

Ecofin helped refloat NWG after its distressed sale by a French outfit so the creditcrunch is not necessarily all bad news IMHO. Back to Nelson's quote "after the rain comes the sun".

[clusium] 22/4/2008 14:07

Stuckaroo - especially ECWO, but both with hefty hefty discounts. Anything we need worry about re Observer article on the credit crunch bashing utilities?

[praipus] 18/4/2008 14:39

NAV strengthening... :-)


Net Asset Value(s)

RNS Number:6708S
Ecofin Water & Power Opps PLC
18 April 2008

Ecofin Water & Power Opportunities plc

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

Income Shares: Net Asset Value: 98.96p per share (including undistributed current
period revenue)

Capital Shares: Net Asset Value: 796.62p per share

Ordinary Shares: Net Asset Value: 198.72p per share

Gross Assets: £784,671,000

Loan Facility: £238,781,000

Net Assets: £545,890,000

Phoenix Administration Services Limited - Secretary

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

[praipus] 15/4/2008 15:06

Iberdrola studying British Energy stake buy amongst other projects

MADRID (Thomson Financial) - Iberdrola SA is studying the opportunity to buy
the UK government's stake in British Energy, amongst other projects, chairman
Ignacio Sanchez Galan said.
Speaking to reporters, Sanchez Galan said that given its presence in the UK,
Iberdrola has a "responsibility" to look at every opportunity in the country.
But, he declined to provide further information on whether the Basque
utility has asked to see British Energy's books.
The UK government plans to sell its 35.2 percent stake in the operator,
which runs eight of the country's ten nuclear power plants.
RWE reportedly made an indicative all-cash offer of close to 700 pence a
share for British Energy before March 17, the day the UK company confirmed talks
that could lead to a full takeover.
Last year, Iberdrola acquired Scottish Power PLC.


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The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.

[praipus] 11/4/2008 14:40

Net Asset Value(s)

RNS Number:1911S
Ecofin Water & Power Opps PLC
11 April 2008

Ecofin Water & Power Opportunities plc

It is announced that at the close of business on 09 April 2008, the un-audited
Net Asset Values per share of the above investment trust company were:-

Income Shares: Net Asset Value: 98.85p per share (including undistributed
current period revenue)

Capital Shares: Net Asset Value: 787.48p per share

Ordinary Shares: Net Asset Value: 197.01p per share

Gross Assets: £779,622,000

Loan Facility: £238,639,000

Net Assets: £540,983,000

Phoenix Administration Services Limited - Secretary

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

SP 16% discount to this NAV. Strange that Splitsonline has been quoting over £8 NAV all week.

[praipus] 07/4/2008 12:32

Thanks GlynneF.

Quite agree on the buy stance.

[praipus] 07/4/2008 12:31

Net Asset Value(s)

RNS Number:6526R
Ecofin Water & Power Opps PLC
04 April 2008

Ecofin Water & Power Opportunities plc

It is announced that at the close of business on 02 April 2008, the un-audited
Net Asset Values per share of the above investment trust company were:-

Income Shares: Net Asset Value: 98.74p per share (including undistributed
current period revenue)

Capital Shares: Net Asset Value: 778.55p per share

Ordinary Shares: Net Asset Value: 195.44p per share (after provision for a
performance fee of £0 in respect of the
year ending 31 March 2008).

Gross Assets: £773,724,000

Loan Facility: £237,328,000

Net Assets: £536,396,000

Phoenix Administration Services Limited - Secretary

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

[glynnef] 04/4/2008 16:09

Praipus,

keep up to date! ;-) ECWC NAV now announced as 778.55p as at 2nd april !
Screaming buy methinks. I hold ECWC and ECW.
G.

[praipus] 04/4/2008 14:48

Net Asset Value(s)

RNS Number:6517R
Ecofin Water & Power Opps PLC
04 April 2008

Ecofin Water & Power Opportunities plc

It is announced that at the close of business on 31 March 2008, the un-audited
Net Asset Values per share of the above investment trust company were:-

Income Shares: Net Asset Value: 96.71p per share (including undistributed
current period revenue)

Capital Shares: Net Asset Value: 751.27p per share

Ordinary Shares: Net Asset Value: 191.07p per share (after provision for a
performance fee of £0 in respect of the
year ending 31 March 2008).

Gross Assets: £772,924,000

Loan Facility: £250,328,000

Net Assets: £522,596,000

Phoenix Administration Services Limited - Secretary

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

[praipus] 04/4/2008 14:00

Bid for BGY being heavily trailed.

[praipus] 03/4/2008 13:39

Anyone here got access to level2 and can see what the share movement down is all about?

Splitsonline says ECWC NAV now over £8!

[mangal] 02/4/2008 11:39

GF, I too am not sure exactly how splitsonline calculates the nry figures. I use their tables as a start point for making investment decisions but I always do my own calcs to make sure that the figures rougly tie in.

[glynnef] 02/4/2008 11:17

Mangal,

agree they are a good buy if current asset values hold up, but the capital shares are volatile.

I wonder how splitsonline calculate 16%. It should be based on the 97.5% of NAV to be offered in April 09. I too have recently bought ECWC because of the big discount. The conversion options this July and next year are also worth something.

GF.

[mangal] 01/4/2008 18:36

Too good to be true?
According to splitsonline, 16% return even if assets dont rise till expiry;
25%+ return if assets rise by 5%. I have bought a few.

[clusium] 01/4/2008 08:12

An off-topic thought regarding dumping waste and packaging. Consumers are going to get increasingly reluctant to buy goods in non-recyclable packaging, for which they will have to pay disposal costs. Any ideas about leaders in recyclable packaging - DS Smith? Are Ecofin in this process?

[praipus] 28/3/2008 14:49

Net Asset Value(s)

RNS Number:0181R
Ecofin Water & Power Opps PLC
28 March 2008

Ecofin Water & Power Opportunities plc

It is announced that at the close of business on 26 March 2008, the un-audited
Net Asset Values per share of the above investment trust company were:-

Income Shares: Net Asset Value: 96.63p per share (including undistributed
current period revenue)

Capital Shares: Net Asset Value: 735.76p per share

Ordinary Shares: Net Asset Value: 188.33p per share (after provision for a
performance fee of £0 in respect of the
year ending 31 March 2008).

Gross Assets: £771,575,000

Loan Facility: £256,963,000

Net Assets: £514,612,000

Phoenix Administration Services Limited - Secretary

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

[praipus] 27/3/2008 10:13

CLE in the protfolio climbing and TRE beginning its turnaround IMHO.

[ilancas] 26/3/2008 14:20

Thanks GlynneF.

[glynnef] 26/3/2008 11:17

ilancas,

yes, it is a pretty safe haven for an equity. Divi payment dates are May, Aug, Nov, Feb, May 09.

10000 shares would cost you about £10,200 to buy now, and you get £1140 in divis less a capital loss of £200 on repayment at £1. Must be about 8% GRY. You also have the option ot convert to the ordinaries at 31 Mar 09.

I have held ECW for a few years, but ECWC also looks attractive right now.

GF.

[ilancas] 26/3/2008 10:55

Am I right in thinking that the Income shares will get 11.4p in divis between now and 31/3/09?