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Greencoat Uk Share Discussion Threads
Showing 126 to 147 of 150 messages
|Try this link and see who was 335th in the list
|Many thanks typo56|
|Going into FTSE250 tomorrow because HOME leaving FTSE (acquired by SBRY). MRO is a separate issue (it wasn't in the FTSE 250).
|going into fste 250 as MRO went to standard listing today?! nice quarterly dividend will attract a few funds?|
|big scale down in placing too P I.|
|Well I was wrong; see announcement below; surely it is this that shifted the share price
Interesting how the share price moved abruptly to the placing price more than a week before the announcement....
Having said that, this looks now to be at a discount to fair value.
Barclays Bank PLC
05 February 2015
PROPOSED PLACING OF AT LEAST 40 MILLION ORDINARY SHARES IN GREENCOAT UK WIND PLC ("GREENCOAT" OR THE "COMPANY")
5 February 2015
The Department for Business, Innovation and Skills ("BIS") announces its intention to place at least 40 million ordinary shares (the "Placing Shares") in the capital of the Company at a price of between 103 pence and 105 pence per ordinary share. Greencoat will not receive any proceeds from the sale.
The Placing Shares are being offered by way of an accelerated bookbuild (the "Placing"), which will be launched immediately following this announcement and is expected to close no later than 12.00pm on 6 February 2015. Barclays Bank PLC, acting through its investment bank ("Barclays") and RBC Capital Markets are acting as joint bookrunners on the transaction ("Joint Bookrunners"). Winterflood Securities Limited ("Winterflood") is also working on the Placing.
The Placing Shares, in all respects, rank pari passu with the Company's ordinary shares.
The final number of Placing Shares to be placed will be agreed by Barclays, RBC Capital Markets and BIS at the close of the bookbuild process, and the results of the Placing will be announced as soon as practicable thereafter. The timings for the close of the bookbuild process, pricing and allocations are at the absolute discretion of BIS.
Commenting on the proposed placing, Business Secretary, Vince Cable said:
"The department invested in the launch of Greencoat UK Wind in March 2013 to help establish a new market for operational renewable energy assets. We wanted to allow developers to recycle their capital into new renewable construction projects and to help grow this important sector. This sector is now well-established, with six listed renewables infrastructure funds worth more than GBP1.7 billion, and so it is an appropriate time to reduce the department's shareholding."|
|Surely this is a consequence of EU 'easing' and altered risk perceptions; the money is shifting from UK Green Energy 'yield' to mainstream EU growth.
The Telegraph is continually negative on wind power. In actuality, this Autumn and Winter has seen good yields:
|Found it, the headline is in the Telegraph dated 20th Jan as follows :
"Electricity demand hits highest this winter - as wind power slumps to its lowest"
For some reason it has some form of protection which presents me putting up the link but I googled "Wind Power" and searched news items and it was top item|
|There was a report published late last week that was critical of the renewables market the general tone being that wind power in particular was just a politically inspired fad but data showed that when power was most needed it was not being delivered. Damned if I can remember where I saw it.|
|SP is now below the recent capital raised at 107p with quite a steep drop in recent days. Does anyone know the i/d of the seller(s) - timing just ahead of the dividend announcement looks odd when this share should only be held for yield.|
|Looks like this is responding to the more benign medium-term interest rate picture. UKW offers a low risk inflation-linked 6% versus deposit rates stuck at rock bottom....
I doubt the 'interesting opportunities' will transform NAV or yield.|
|Anyone else got any up to date views??|
|recent director buying alerted me to this share. near 6% yield looks great, green industry attractive, profitable and keeping a lid on leverage..."interesting opportunities" were being investigated a while back, so hopefully some news flow to come as well...|
|ygor the philosophy of this company is to maintain
above inflation income over the long term as opposed to
short term capital gains. Given that bank saver deposit rates
are around 1%, the return of 6% + inflation(on launch price) has got to be the rationale for investing here.|
|New high today.................we're moving at last!|
|Yes a fundraise is likely, but most likely an open offer rather than a rights issue. They are doing all the right things in my view. I would happily invest more as I think this is one of the best energy funds.|
|There is talk of another rights issue here to fund the recently announced acquisition. This is a safe enough policy but will hardly cause the share price to make any progress. I believe that the group is allowed to gear itself up to 50%: personally, I would prefer to see gearing employed to push the share price along a bit further before having to cough up more equity.|
|forgot to add, the Scottish referendum is also an unknown quantity
as it accounts for 22% of the installed capacity|
|how is the goverments proposed stance on halting onshore wind
development going to affect earnings and future growth prospects|
|If SSE is selling £1bn of renewables that looks good for UKW.|
|Annual results are due on the 24th Marchhttp://uk.advfn.com/news/UKREG/2014/article/61380194?xref=newsalert|
|I hold my Greencoat in the Halifax online account, so have it on automatic dividend reinvestment. So hopefully the old trick of reinvesting my the divis works out a good long term strategy.|