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ROOF Atrato Onsite Energy Plc

73.20
0.00 (0.00%)
Last Updated: 08:00:01
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Atrato Onsite Energy Plc ROOF London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 73.20 08:00:01
Open Price Low Price High Price Close Price Previous Close
73.20
more quote information »

Atrato Onsite Energy ROOF Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
29/01/2024InterimGBP0.013708/02/202409/02/202401/03/2024
16/11/2023InterimGBP0.012623/11/202324/11/202318/12/2023
27/07/2023InterimGBP0.012503/08/202304/08/202325/08/2023
19/04/2023InterimGBP0.012327/04/202328/04/202326/05/2023
26/01/2023InterimGBP0.012602/02/202303/02/202324/02/2023
11/11/2022InterimGBP0.012624/11/202225/11/202216/12/2022
28/07/2022InterimGBP0.012504/08/202205/08/202226/08/2022
21/04/2022InterimGBP0.017628/04/202229/04/202227/05/2022

Top Dividend Posts

Top Posts
Posted at 11/1/2024 07:55 by ntv
Results seem ok and the prospect of a 10% increase in the dividend is nice
Posted at 25/10/2023 20:37 by bathcoup
COMPANY UPDATE:

Seems positive. Lost of pipeline projects. I wonder how they're going to be funded

The current pipeline comprises:
· £410 million across 80 projects
· Average unexpired PPA term of 15-20 years
· 87% installation assets and 13% operational
Posted at 20/10/2023 13:11 by cc2014
And again to 13.1%

They seem to like ROOF. As do I.
Posted at 16/9/2023 07:54 by edwardt
If market cap doesn't get to £250m by 2025 there is a continuation vote. Decent irr to winding this up with a secured divi while we wait... I hope it can grow but will be unlikely unless they pull something out the bag
Posted at 13/9/2023 07:49 by jonwig
New acquisition:



Terms look attractive (back-pay and RPI link), though I'm not an expert on pricing per Mw. They have about £40m cash plus £30m RCF, so they won't have much money left now.
Posted at 12/7/2023 07:14 by jonwig
Britvic contract finalised:



Pretty large, and CPI-linked.
Posted at 13/6/2023 07:14 by jonwig
Interims -



These look to be about as expected. The 5p dividend will be covered and there's 93% inflation or similar uplift to income.

Renewables are suffering from delays in grid connection. ROOF has the solution.
Posted at 16/2/2023 17:27 by edwardt
this is more than every little helps. roof will be raising cash at a premium for this for many years...
Posted at 16/2/2023 08:01 by jonwig
This could be large:

When Atrato Onsite Energy (ROOF) was floated, it was billed as a spin-off from SUPR. It's now made its first joint agreement with Tesco stores rented from SUPR:



Although described as a deal between ROOF and Tesco, the deal also involves agreements between ROOF and SUPR.
Posted at 31/10/2022 08:34 by cc2014
The Company's NAV as at 30 September 2022 was GBP139 million (92.8 pence per Ordinary Share).

The NAV reflects the valuation of the Company's portfolio and incorporates the costs associated with the Company's Initial Public Offering ("IPO"), ongoing running costs and dividend distributions.

The Company has invested one-third of its IPO proceeds to date. These assets are performing in line with expectations and together with higher realised inflation, made a positive contribution to NAV. This has been offset by the first year's dividend, fund management fees and a prudent increase to the valuation discount rate.

Elevated macro-economic volatility, higher inflation expectations and UK political uncertainty over recent weeks has led to an increase in long-term UK government bond yields. Given the scale of the movements, Atrato Partners Limited (the "Investment Adviser") and the Board have conservatively valued the portfolio based on a weighted average unlevered discount rate of 6.6%. This discount rate is materially higher than the average unlevered discount rates observed in the UK renewables market. The increase in the discount rate equated to a reduction in the NAV of 6.5 pence per share.


I am wondering how a change in the discount rate to 6.6% when only a third of the assets were invested could have caused a 6.5p drop in the NAV. Or rather I understand the maths but I remain puzzled becuase my gut feel is that ROOF were paying dividends out of uncovered income so the NAV should have been falling to start with and adding a 6.5p hit would I think have taken it even lower. Unless of course this was the usual "buy an asset, use the DCF to immediately unlift it's value and off we go". I presume that's the explanation so I'm answering my own question really.

I am wondering what's to come on the NAV's of the others in this sector, especially since a discount rate of 6.6% is not high at least by comparison with the peer group. Indeed given the recent interest rate rises I would have expected higher.

The make no mention of the proposed change to corporation tax rates. I assume this is post end September as we still had Truss then so that will be some more to come off the NAV I guess. My broad guess would be 3p if the cash was fully invested. I'm not sure whether it will therefore be around a third of that.

I now have this whole sector on "avoid" until I better understand what's going on with the discount rates.

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