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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Octopus Renewables Infrastructure Trust Plc | ORIT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 0.70% | 71.50 | 15:14:52 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 70.50 | 70.20 | 72.10 | 71.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 23/5/2024 09:14 by petewy Midas tip (D Mail)"Midas has long been a fan of ORIT, despite a drop in the share price that would cause a less patient investor to lose their appetite for seafood. The trust is run out of the City by Octopus Group, the same cephalopod that brings many of us our gas and electricity...." |
Posted at 16/5/2024 09:31 by petewy Tipped in D MailMidas has long been a fan of ORIT, despite a drop in the share price that would cause a less patient investor to lose their appetite for seafood. The trust is run out of the City by Octopus Group, the same cephalopod that brings many of us our gas and electricity. Renewable energy may not be as fashionable an investment as it was a few years ago, but the need for wind farms and solar energy remains, while global volatility may cause power prices to spike again. |
Posted at 12/5/2024 20:58 by pj84 The article concludes: -"For ORIT investors nursing losses, the main questions are whether the discrepancy between the company's valuation and its share price will resolve itself in their favour, and if so, when? There isn't a simple answer, but as interest rates fall, the dividend paid by ORIT, which yields over eight per cent based on its 2024 expected full-year payout, will become more attractive compared with savings rates, and the cost of debt servicing will fall, too. Midas verdict: Renewable energy may not be as fashionable an investment as it was a few years ago, but the need for wind farms and solar energy remains, while global volatility may cause power prices to spike again. At this level the shares are very much worth holding on to, with the dividend ensuring that you are being paid to wait for better times." |
Posted at 28/3/2024 12:06 by gopher The Q and A session of Investors Meet seemed to be for industry professionals and I suspect the source of the Citywire article. |
Posted at 26/3/2024 00:38 by gopher Worth catching up with yesterdays presentation and QA on Investors meet to see ORIT response to some of the question raised here.For those of you who don't want to devote 45 minutes, ORIT came across as competent but sector is going through a difficult period and I think less savvy operators may get into trouble. |
Posted at 27/1/2024 18:01 by spangle93 Kepler's view: "Merger of ORIT and AERI could make sense for shareholders"I can't find anything in the original announcements with any timescale for AERI to have to give their considered response. Can anyone shed any light on the timeline? |
Posted at 18/1/2024 20:42 by speedsgh Octopus keeps up with inflation lift to dividendOctopus Renewables Infrastructure (ORIT) is starting to establish a reputation for reliability as it has increased its dividend target by inflation for the third year.The board said it would pay 6.02p per share this year, an increase of 4% on last year's dividend of 5.79p per share.This rise, which is in line with the consumer prices index for the 12 months to 31 December, will still leave the payout fully covered by cashflow.Chair Phil Austin said the dividend hike was thanks to investment managers Matt Setchell, Chris Gaydon and David Bird and their 'successful delivery of construction projects'. ORIT has an operational capacity of 536MW via 29 assets across five countries, which can generate enough electricity to power 242,000 homes.However, Stifel analyst Will Crighton highlighted that dividend cover was 'squeezed' over the first half of last year to 1.1 times due to generation being 13% below budget, which will 'have acted as a drag on full-year numbers', which are yet to be released.'We expect cover to improve during 2024 with the 67MW Breach solar farm in Cambridgeshire soon to become operational,' he said. 'And the fund is also expecting to imminently acquire a sizeable 241MW portfolio of five solar assets in Ireland once construction has completed.'The analyst added that these acquisitions, along with improved generation performance, should 'more than offset any increased financing costs' and 'any impact on revenue from further asset sales'.Liberum analyst Alex O'Hanlon said the dividend hike will 'reinforce the credibility of the company as a progressive and reliable dividend payer' and could narrow the share price discount.ORIT trades on a discount of 17.7%, while peers such as JLEN Environment Assets (JLEN) and Downing Renewables Infrastructure (DORE) trail 20% and 25% below their asset values, respectively, despite both paying higher dividends. Before the announcement, ORIT yielded 6.4%, JLEN yielded 9.4% and Downing's yield was 7.7%. 'The dividend increase lifts the dividend yield to 6.8% and more in line with peers,' said O'Hanlon. 'Given this dividend is fully covered, investors should welcome this news and gain more trust in the company as a strong income play.'The dividend hike could also help sway investors of Aquila European Renewable (AERI), which ORIT has targeted for acquisition despite the board of the former being less than receptive. AERI has a dividend yield of 6.7%.Shares in ORIT were up just over 2% on Thursday to 90p. |
Posted at 22/12/2023 09:13 by cc2014 I have read the ORIT RNS about 20 times now and when you go for this sort of transaction you want to focus on the benefits of the rationale for the transaction.And for the life of me even after reading it 20 times they don't seem to have done that very well. It just seems to be bigger and better for the sake of it. I'm not sure investors in either trust will be bothered by increased "geographical and technological diversification". Given that the third benefit is extending ORIT's capital recycling programme what is that ORIT can do which AERI do not do already? It all seems a bit of a stretch to me. I think all this does is demonstrate just how frustrated so many people are with the discounts to NAV. But that raises a question. If the discounts to NAV are so blatantly wrong why aren't the wealth managers piling in now 10 year gilts have fallen over 100bp? Well that would be the redemption flow to investors to pay mortgages or maintain lifestyles. Whatever, I think the discounts to NAV will close over time to some smaller number and I'm happy to be owning a number of the renewables. |
Posted at 19/11/2023 06:43 by masurenguy MIDAS SHARE TIPS: Backing windfarms from start to finish sparks a 7% returnOctopus Renewables Infrastructure Trust (Orit) adopts a more practical stance. Focused on wind and solar farms, the group produces enough electricity to supply about 500,000 homes, with more coming on track down the line. But managers Chris Gaydon and David Bird are not just keen to be green, they are also determined to deliver rewards for shareholders. With the shares at 90.5p and a dividend yield of more than 7%, the stock is worth a closer look for investors of all persuasions. Although most assets are in wind and solar power, Orit invests in other renewable options, including battery storage and green hydrogen. This diversification is designed to provide shareholders with an extra sparkle – the ability to deliver both long-term growth and attractive income. To date, the firm has done well on the income front. Dividends are paid quarterly and have almost doubled since Orit floated in 2019, increasing consistently in line with inflation, even when that was running at more than 10 per cent. Share price growth has been more elusive. Having listed at £1, the stock rose to £1.18 in the spring of 2022 but has drifted lower since, hit by rising interest rates and general apathy towards renewable energy stocks. The current price represents an opportunity. No position but onto my watchlist. |
Posted at 26/9/2023 20:51 by the deacon Recording of the Investor Meet Company presentation https://youtu.be/9nk |
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