Octopus Renewables Infra... Share Discussion Threads

[rolo7] 16/5/2024 17:09

Not it's below place 375 on markets cap of main premium markets shares, I be back in when sells are all out.

[spectoacc] 16/5/2024 17:03

Still think it'll survive in the FTSE250, if only due to t/o's, but interesting that the XD isn't helping that. Can't be helped, but has come at a poor time.

[spectoacc] 16/5/2024 14:01

XD today of course.

[petewy] 16/5/2024 09:31

Tipped in 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. 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.

[spectoacc] 14/5/2024 06:47

Good.

UKCM just delisted as part of merger, replaced by Greencore. We're currently safe, but would be nice to overtake JUP to be sure.

[spectoacc] 13/5/2024 14:58

Only needs one t/o to complete for it to stay in - when does Spirent go?

[rolo7] 13/5/2024 12:25

would be nice if orit stays in fste 250, may 31st is the review day. On friday it was out by one place and 3million value. hxxps://www.stockchallenge.co.uk/ftse.php

[gopher] 13/5/2024 11:49

Most of this sector has seen share price increases in recent weeks, ORIT more than others as Aquila is off the table.

[spectoacc] 13/5/2024 06:48

Seems a reasonable conclusion, albeit ORIT's steadily rising divi will win out in the end, irrespective of timing of rate cuts.

[gemlotte55] 12/5/2024 22:00

Thanks for posting pj84

[pj84] 12/5/2024 20:58

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."

[speedsgh] 10/5/2024 07:39

Is that a sigh of relief I just heard?



On 26 February 2024, ORIT confirmed its participation in the process being run by Aquila European Renewables plc ("AERI") to consider a potential combination pursuant to section 110 of the Insolvency Act 1986 (the "Section 110 Review").

Further to the announcement published by AERI today that it has terminated the Section 110 Review, the Board of ORIT confirms that the Company is no longer considering a possible combination of ORIT and AERI.

As announced on 25 March 2024 in the Company's financial results for the 12 months ended 31 December 2023, ORIT continues to focus on its strategic capital recycling programme, with further capital recycling initiatives in progress and expected to be announced in the coming months. The strategic capital recycling programme has generated net proceeds of £97 million to date through profitable disposals of investments in Poland and Spain, allowing the Company to react to changing market conditions, as well as provide further options for capital allocation.

[speedsgh] 07/5/2024 10:38

NAV progression since launch...

103.90p as at 31/3/24
106.04p as at 31/12/23
107.02p as at 30/9/23
107.67p as at 30/6/23
107.70p as at 31/3/23
109.40p as at 31/12/22
108.30p as at 30/9/22
111.10p as at 30/6/22
104.00p as at 31/3/22
102.26p as at 31/12/21
99.16p as at 30/9/21
97.31p as at 30/6/21
97.39p as at 31/3/21
98.30p as at 31/12/20
97.22p as at 30/9/20
97.58p as at 30/6/20

launch: Dec 2019

[speedsgh] 07/5/2024 10:36

~ NAV to 31/3/24 down 2% to 103.90p (31/12/23: 106.04p)
~ Recently announced post-period signing of PPA agreement with Sky UK Ltd would have added +0.95p to 31/3 NAV if signing had occurred before period end.



~ Q1 dividend declared of 1.50p (payable 31/5, XD 16/5); 55.1% of dividend will be paid as qualifying interest income for tax purposes.

[taylor20] 25/4/2024 11:49

AERI results today, contained the statement:

"In support of the Board's evaluation of options for the future of the Company, I have had the opportunity to engage with a number of our shareholders. Whilst feedback in relation to the quality of the portfolio and the Investment Adviser has been positive, a number of shareholders feel that the status quo is undesirable in the current macro environment, as the Company is limited in its ability to grow and improve the underlying liquidity of its shares.

The Board's review of broader options, including consideration of a variety of proposals that have been received for a combination with the Company under section 110 of the Insolvency Act 1986, is underway and it expects to be able to update shareholders regarding progress before the end of June 2024."

So June might provide some clarity on that situation. Turkeys voting for Christmas springs to mind.

[spectoacc] 11/4/2024 17:28

I think it's cheap, & I hold, but agree it's likely getting even cheaper first. No support left on the chart, other things around on similar or better metrics.

[gopher] 11/4/2024 17:16

No hurry to buy in here, the 6p dividend is the temptation but the Aquila takeover still to be navigated. No surprise that stock dips below 70p in face of modest selling most days since results at start of month.

[trcml] 02/4/2024 15:18

For those who are customers, it might be worth buying to use the yield to help pay the electricity bill.

[gopher] 28/3/2024 12:06

The Q and A session of Investors Meet seemed to be for industry professionals and I suspect the source of the Citywire article.

[pj84] 26/3/2024 21:29

Just to add to the comment in the Citywire article in post 244 pointing out "ORIT's 'exceptional earnings visibility" in the presentation it was mentioned that even if power prices slumped that wouldn't directly lead to a cut in the dividend as ORIT has entered into long fixed price contracts with end users one example being a 15 year contract to supply electricity to Microsoft at a fixed price for 15 years.

[pugugly] 26/3/2024 21:26

Personal marker at 72p. To research further.

[pj84] 26/3/2024 19:33

Just listened to the presentation and didn't hear anything that raised any concerns for ORIT specifically.

For those who aren't traders, buying now at these lows of more than a 30% discount to NAV whilst locking in a prospective dividend yield of over 8% (which is targeted to increase in line with inflation) with the possibility of falling interest rates improving sentiment in the sector and possibly reducing the discount, this could be a good time to buy if you are patient.

[pj84] 26/3/2024 13:27

"Liberum’s Alex O’Hanlon said the results were very much in line with the sector, which endured a perfect storm of rising discount rates, falling inflation and low power prices combined with low wind speeds, making for an ‘annus horribilis’.

On the bright side, O’Hanlon pointed to falling discount rates in 2024 if interest rates were cut that would lift the portfolio, while pointing out ORIT’s ‘exceptional’ earnings visibility. He gave a ‘buy’ recommendation with a target price of 115p. The shares stand at 72p at a 32% discount to NAV."