ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

ECWO Ecofin Wtr.Ord

139.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Ecofin Wtr.Ord ECWO London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 139.50 00:00:00
Open Price Low Price High Price Close Price Previous Close
139.50 139.50
more quote information »

Ecofin Water&powr Opportunities ECWO Dividends History

No dividends issued between 29 Mar 2014 and 29 Mar 2024

Top Dividend Posts

Top Posts
Posted at 03/11/2016 22:15 by praipus
Hmmm........ in law the tax point, is "usually" when you make or receive a payment or receive/deliver goods. You've surrendered your ECWO shares and received EGL and EFR shares I assume.

Or are you on the dissenters register?
Posted at 02/11/2016 20:03 by praipus
Asmodeus are you ignoring the fractional entitlement if so why?

Each ECWO share entitles you to 22.4758p NAV of an EFR share. Therefore you need 4 ECWO shares to give you one EFR share.

Using your % factoring: If ECWO NAV at calculation date = 100%
Approx 85.77661% of ECWO NAV = 1 x EGL share
Approx 14.2239% of ECWO NAV = 1/4 of an EFR share
Posted at 02/11/2016 16:13 by praipus
From a tax perspective: why not treat the whole exercise as three seperate trades?
Trade 1.
Entry: EWCO buy price.
Exit: ECWO/EWPO NAV at calculation date = 158.02p

Trade 2
Entry: EGL = 135.5442p

Trade 3
Entry: EFR* = 22.4758p* per old ECWO held (*x4 for 1 EFR) = 89.99032p
Posted at 04/10/2016 08:30 by spectoacc
Still nothing across 3 a/cs, or at least same as before - with EFR still deemed unISA-able by TD, but 2 out of 3 a/cs at least allowing purchases. Seems to be a good market in EGL but curious how there were sellers when it first listed, with brokers having not yet done the ECWO adjustment. Big buyer for it in the auction last night.

Also looking out for news on final cash amount, but not sure it'll link to either ECWO, EGL or EFR.
Posted at 28/9/2016 06:13 by spectoacc
Same situation as before here - hold in 4 a/cs over 3 brokers. One done nowt, one left in ECWO but added correct number of EFR, one done "assured cash" ECWO and EFR, but only allows EFR sales in ISA as says it's not eligible (when it is), but allows buys & sells on EFR in SIPP.

To be fair, there's this strange long lag between the EFR/EGL listings and the cash settlement, so not expecting any brokers to show it all until early next week (or "week commencing 3rd Oct" per ECWO).

Edit - broker who had previously done nothing now has the "assured cash" ECWO and EFR, but is only allowing sells not purchases on EFR. So fairly consistent across 3 (non-HL) brokers.
Posted at 27/9/2016 19:37 by flyfisher
This is what my account is showing for a holding of 40,000 ECWO.

Ecofin Water & Power Opportunities plc Assd Cash Exit Election 38,433 units
Ecofin Global Utilities & Infrastructure Trust plc Ordinary 1p 1,567 units
EF Realisation Company Ltd Ordinary Shares NPV 391 units

They have allocated 1 for 4 of the residue to EFR.
I expected 1 for 4 of the original ECWO holding, ie 10000.
Posted at 27/9/2016 08:31 by spectoacc
Am sure I saw 4% mentioned, but don't rely on that. And that will have been on NAV value rather than s/p, so would be higher when at a discount.

Now got EFR in 2 out of 3 a/cs, no EGL as yet (still says ECWO Assured Cash). Can trade EFR in just one a/c, and that same broker it says EFR isn't ISA-eligible. Surely it is? Held about half my ECWO in ISA so in danger of having to offload a few EFR.

Suspect all will be clearer next week when everything settles out.
Posted at 23/9/2016 16:14 by orinocor
The liquid assets currently within the Company’s portfolio will be transferred to Ecofin Global, providing Shareholders with: (i) exposure to a portfolio of listed, liquid investments in the global utilities and infrastructure sectors that will not be co-joined with the illiquid assets currently held by the Company; (ii) shares in a company with a simple capital structure consisting of only ordinary shares and flexible bank debt; (iii) an attractive dividend yield at a time of record low interest rates; and (iv) shares in a company that the EWPO Board believes will trade at a more attractive rating than the Company;

The illiquid assets, including the Lonestar Investment, currently within the Company’s portfolio will be transferred to EF Realisation providing all Shareholders with: (i) a separate realisation vehicle for the illiquid investments currently held by the Company; and (ii) cash from any disposal of the illiquid assets achieved by the Investment Manager over the expected realisation period of up to two years; and
Posted at 04/8/2016 14:33 by neilyb675
Dividend Declaration

The Company announces that the Directors have today declared a Third Interim Dividend for the year ended 30 September, 2016 in an amount of 1.8125p per Ordinary Share.

The Third Interim Dividend will be payable on Wednesday, 31 August, 2016 to holders of Ordinary Shares on the Register at the close of business on Friday, 12 August, 2016 (ex-dividend date Thursday, 11 August, 2016).
Posted at 16/7/2016 07:43 by ganthorpe
I have had a browse through the circular detailing the reconstruction plans.I have not done a really detailed analysis.
All comments are my interpretation only and DYOR if involved.

ECWO was due to be wound up or have a continuation vote as at 31 July 2016.
Hence this complex missive of a circular.
.
1) the £80M of Convertable Loan Stock will be repaid at par on 31 July 2016,THe conversion option expired on 31 May 2016. That's the easy bit.
2) the 60M Zero Div Pref shares (ZDPs) are entitled to be repaid at 160.7P cash on 31 July 2016. However ECWO are offering a rollover scheme whereby ZDP holders can opt to rollover their shares into the new vehicle planned to replace ECWO called ECOFIN Global. This would enable ZDP holders to avoid being liable to tax on the 60.7P gain on redemption immediately. The price of conversion has yet to be determined but it will need to be somewhere not too much above the share price to be attractive. It is in the interests of the Managers to get as many as possible to convert and continue to enjoy their commission , and possibly a larger Trust is beneficial to ongoing Ordinary shareholders .
3) Ordinary shareholders appear to be being offered
a) The opportunity to tender up to 35% of their shares to be repaid at a price to be determined which may be somewhere between the current share price (138P)and asset value (currently 167P).
b) Shares in a continuation of ECWO holding the remaining illiquid investments of ECWO which have not been sold , pending sale in the future. Hopefully not a lot.
c) Shares in a new trust called ECOFIN Global which appears to be a similar beast to ECWO investing in the same type of sectors.They seem to looking for an initial 4% yield. (i.e.Less than current).

All this will rumble it's way through the legal processes till September .
I hope that this is reasonably accurate but please don't rely on any part of it without cross checking.
As previuosly mentioned ECWO have already liquidated a substantial proportion of it's holdings so there seems to be plenty of cash to fund the exercise.
Will it help the ECWO share price any further? PASS!
Could reduce the discount?

Your Recent History

Delayed Upgrade Clock