Atrato Onsite Energy Share Discussion Threads

[valustar1] 13/11/2024 11:30

ThanksAnd it's 80p. Will they need to confirm excact figure

[chucko1] 13/11/2024 10:36

My best estimate is early Feb 2025.

[valustar1] 13/11/2024 09:37

Apologies for the question but when will shareholders be paid out

[edwardt] 21/10/2024 18:40

Good for you - others will simply take the cash and run. We are Brits after all - spivs the lot of us

[ntv] 13/10/2024 18:24

Anyone else planning to vote against
I am
But i only have a small amount

[ramellous] 07/10/2024 06:33

Will they still be paying dividends before the proposed buyout?

[rambutan2] 06/10/2024 22:20

Would have thought that locally produced roof top solar would become more valuable if international energy mkts go into melt down.

Was watching Brookfield's capital mkts day last week. Yes, they have switched into buying mode and have loads of capital to play with. It is a deeply impressive business - wish I'd been a long term shareholder as long term returns are up there with the very best.

Also watched CREI's latest presentation recently, and when answering one of the questions manager Shepherd noted that they were making better returns on the rooftop solar they were gradually adding to their buildings than on the rent. Prompted me to take at look at ROOF, but the bid came in before I had any spare cash to buy in.

[williamcooper104] 06/10/2024 19:22

If you're worried about that then don't hold your cash in sterling - better with dollar, yen and gold

[cynicalsteve] 06/10/2024 17:57

Funny how people can have the same view of the world situation but reach opposite conclusions! I immediately sold because the upside is limited and if things get worse in the Middle East or Ukraine the deal might fall through, if things get much worse I can burn the money to keep warm.

People seem to have forgotten that Israel has nuclear weapons and is led by someone who might be willing to use then, if Israel uses them Russia might do the same because Putin wouldn't want to be left out.

I'm using every reasonable selling opportunity to increase my cash position.

[edwardt] 04/10/2024 12:28

i agree - added a few to mine - given the world situation - this seems a nice place to park excess cash.

[riverman77] 04/10/2024 08:27

Still trading stubbornly well below offer price - just quoted 76.5p. Normally sell out when offers come through so I can move onto something else. In this case I'm actually tempted to buy more as you're getting an almost guaranteed 4% return in the space of a few months.

[williamcooper104] 03/10/2024 10:50

Wouldn't be surprised to see Brookfield buy out near half of our renewable trusts They bought out a lot of the US stuff I held and have the cheapest equity in the sector Interesting re DORE as Brookfield also have a load of hydro assets

[cc2014] 03/10/2024 09:59

As you say the question is always around regardless of where the price is can it go lower. That is actually why I didn't have that many ROOF. What I thought would happen was that the Board would either propose a wind-down or the shareholders would not support it and the share price would move down into the 50's, where it was my plan to fill my boots, back up the truck etc. and wait.

I applaud you for SLFX. As you know I had for a time a sizeable holding bought at the bottom of the market but sold out for a 10% turn before the suspension. I have regrets of course, but at the time I was not in a position to run significant risk when I knew a stock was going to be suspended. Nevertheless a 10% turn in couple of months is better than no 10% turn. That's the best way I can look at it in my head without feeling too many regrets.

I'm not really bothered about the next game in town. As and when the discounts start moving into a premium (when interest rates have fallen back and the fund managers are scrabbling around trying to find any yield anywhere they can find), I shall go back to gilts or corporate bonds or whatever is safe and wait. And then I will have the cash to scoop up whatever is being offloaded at crazy prices.

[cc2014] 03/10/2024 09:05

It's just a good day Chucko. The market has been very kind to me over the last year or so and I am very confident it will continue to be so given the significant discounts most of my investments are on.


(It has become apparent to me that there are investment managers out there dealing in very significant size who can't be bothered to read the accounts, can't be bothered to get up in the morning to read the news and don't understand a balance sheet. I'm happy to take their money off them on the basis that markets can remain irrational for a while but rarely remain irrational forever)

[marvin tpa] 03/10/2024 08:32

May I ask CC2014 which IT was your preferred choice for the money?

[sleveen] 03/10/2024 08:12

riverman77

I hold DORE too. I'd buy more if I had the cash given its portfolio of HPS.

[chucko1] 03/10/2024 08:05

You're very positive this morning, CC - been on the juice?

[cc2014] 03/10/2024 07:54

Ok, so I don't know how to say this really, but the whole situation around discounts of around 25-30% on a large number of investment trusts is just mad. So, some are dogs but not all as demonstrated by the number of bids now coming through for these companies.

Frankly, 80p for ROOF is a steal if you look at it on a long term basis. Interest rates will fall some more soon and it wouldn't have been long before the NAV started rising fast every quarter. In addition the income stream will look juicy compared to gilts.

Yet, the market has barely reacted this morning. In fact the reaction is so small it's little more than noise.

I have simply taken my cash here and stuck it on another IT and I'll get another bid at around 10% below NAV or the discount will close of it's own accord.


In some ways it feels like a golden time to be investing.

[riverman77] 03/10/2024 07:34

Where to put them money next? I also hold DORE which shares similar characteristics - very wide discount, high dividend, good quality portfolio, but also sub-scale and therefore liable to a bid.

[edwardt] 03/10/2024 07:33

Bitter sweet this - very few irrevocable commitments leaves door open to a better bid.

[williamcooper104] 03/10/2024 07:26

Yep - the break fee of £960k isn't likely to be too onerous

[cc2014] 03/10/2024 07:24

No, you are missing nothing rotp. Don't forget the stamp duty.

There's always the risk the deal falls apart. highly unlikely though.

Sold mine first thing for 77.1p. I only had a few, not that I'd had them that long and there was something I wanted to buy with the cash.


(I'm not sure what I think about today, the capital gain is lovely, but it would have been nice if they had waiting another couple of weeks as by then I would have owned more)

[chucko1] 03/10/2024 07:24

It seems some shareholders are so relieved to have made a sudden gain that they cannot resist bringing forward their liquidity event! But yes, 15% or so (although 77p to buy + 0.5% SD)

Seems that 9% ish discount to NAV is where these ITs are throwing in the towel - no matter the underlying assets. Very profitable day for the short term, but one less vector of income (and trading) for the longer term. Might have to buy more SUPR, although SOHO is now in the Atrato stable and I have (2 days ago) added to that.

[riverman77] 03/10/2024 07:20

Can sell at 76.5p - that's way too far off the 80p so will hang on. Always the possibility of a higher bid too.