Share Name Share Symbol Market Type Share ISIN Share Description
Bluefield Solar Income Fund LSE:BSIF London Ordinary Share GG00BB0RDB98 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.50p +1.29% 118.00p 117.00p 118.00p 118.00p 117.00p 117.00p 136,078 09:56:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.6 64.0 18.3 6.5 436.38

Bluefield Solar Share Discussion Threads

Showing 101 to 123 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
07/3/2018
12:26
Well, 18BT, I agree. If subsidy free Solar Farms become viable then BSIF, FSFL, and others have a head start. They have sites with a grid connections and they have lots & lots of cabling and frames and roadways and buildings etc - and local relationships with the landowner and the planning authorities. In other words a terrific launchpad for the future. On batteries and time shifting excess energy. The grid is trying to get as many battery installations as possible to make grid management easier. The government wants to see this as well. Have a look here https://uk.advfn.com/stock-market/london/redt-energy-RED/share-news/RedT-Energy-Says-South-African-Mini-Grid-Project-N/76862477 and here https://uk.advfn.com/stock-market/london/redt-energy-RED/share-news/RedT-Energy-PLC-Award-of-750-000-funding-grant-by/76832797
a0002577
06/3/2018
16:26
That's a good summary. One point missing is that there's an assumption that the terminal value is nil. There's a good chance by then that non-subsidy will be profitable and/or that plant lives can be extended. The sites are connected in the right way, some of them could also have battery storage co-located, when that becomes viable, so there may be some Residual Value, not currently factored into NAV.
18bt
27/2/2018
07:22
Seems as solid as ever. Trading close to NAV, so not much downside unless interest rates really spike
18bt
27/2/2018
07:09
Solid results, consistent dividend, yield of 6.4% at the current shareprice - strong income hold for me! Bluefield Solar Income Fund Limited 27 February 2018 Unaudited Condensed Interim Financial Statements for the Six Months Ended 31 December 2017 Bluefield Solar (LON:BSIF), a sterling income fund that invests in UK-based solar assets, is pleased to announce its Interim Results for the Six Months Ended 31 December 2017. Operational Highlights § The Company delivered underlying earnings1 of £13.0m in the period (31 December 2016: £11.7m). § NAV has increased to 112.40pps (30 June 2017: 110.49pps). § There has been a 0.25% reduction to the Company's WACC, reflecting continued pricing pressure within the UK solar market, from 6.15% as at 30 June 2017 to 5.90% as at 31 December 2017 § The equity cash flows upon which the NAV is calculated imply a return on equity over the 25 year life of the cash flows of 7.02% (30 June 2017: 7.43%), with zero terminal value. § The Company completed one acquisition amounting to 5.0MWp, taking the Company's total capacity to 446.5MWp. § Portfolio outperformed operational expectations by 2.7%, delivering an aggregate PR of 82.4% versus budget of 80.3%. § As at 31 December 2017 the Company has now paid dividends of 25.75pps since listing in July 2013; 4.00pps in the period to June 14 and then above target dividends of 7.25pps for the full year periods ended June 2015, 2016 and 2017. A further 1.80pps has been paid in January 2018; this declaration and payment of the first interim dividend in respect of the year ending 30 June 2018 reflects the Company's commitment to smoothing distributions. § The Company, through its holding company BSIFIL, has made debt repayments of principal of £7.3m in the period (31 December 2016: £2.7m). 1. Underlying earnings is an alternative performance measure employed by the Company to provide insight to the Shareholders by definitively linking the underlying financial performance of the operational projects to the dividends declared and paid by the Company. Further detail is provided below. Financial Highlights Six months ended :31 December 2017 Total operating income: £18,747,444 Total comprehensive income before tax: £18,137,352 Underlying earnings: £12,989,966 Earnings per share: 4.90p Underlying EPS available for distribution2: 1.54p Underlying EPS brought forward3: 0.73p Total underlying EPS available for distribution: 2.27p Total dividend for the six months ended 31 December 2017: 1.80p NAV per share: 112.40p 2. Underlying EPS available for distribution is calculated using underlying earnings available for distribution (eg post debt repayments) divided by the number of shares in issue at the end of the period. 3. Underlying earnings brought forward is a combination of 0.30p brought forward from 30 June 2017 and additional ROC recycle relating to the year ended 30 June 2017 of 0.43p. 4. Dividends declared in January 2018 relating to the period 31 December 2017. 5. Total Return is based on NAV per share movement and dividends paid in the period. 6. Total Return to shareholders is based on share price movement and dividends paid in the period. Chairman John Rennocks said: "It has been another robust six months for the Company in which, although a period in which irradiation levels were significantly below our expectations, the portfolio has continued to perform well and remains on track to meet its full year target dividend of 7.43 pence per share. Our priority still lies in maximising revenues and income efficiency from our existing portfolio. This has been possible through strong operational management from Bluefield Services, the Company's technical asset manager, who spent approximately 2,700 hours analysing plant performance during the period. Against a backdrop of soft power prices, we continue to seek to further enhance revenues from the portfolio to deliver reliable sterling income for our shareholders."
masurenguy
09/1/2018
07:34
Nice work if you can get it! 72,249 new shares not exactly busting the bank
zero the hero
08/1/2018
07:57
Dividend increased by 3.1%. Current projected yield is 6.3%. RNS Number : 1548B Bluefield Solar Income Fund Limited 08 January 2018 First Interim Dividend Announcement for the financial year ending 30 June 2018 The First Interim Dividend of 1.80 pence per Ordinary Share will be payable to Shareholders on the register as at 19 January 2018 with an associated ex-dividend date of 18 January 2018 and a payment date of 9 February 2018. In the absence of further share issuances, the Company aims to pay broadly equal dividends on a quarterly basis. Hitherto, the Company's pattern of dividend payments has tended to reflect the seasonality of solar power generation. Bluefield Solar and its Board of Directors set dividend targets which are intended to grow in line with the RPI using the 2014/15 financial year dividends of 7p per share as a base. The target dividends arising out of the financial year ending 30 June 2017 were 7.18p per Ordinary Share, and this target will rise to 7.4p per Ordinary Share for the financial year ending 30 June 2018. In respect of the past 3 financial years, the Company has paid dividends which have exceeded the target levels.
masurenguy
16/11/2017
10:16
My understanding of yesterdays RNS concerning BlackRock's holding is that they are stock lending 651,084 shares to another financial institution that will then sell them short in the belief the price is going to fall. BlackRock still hold 18,353,283 shares so this action does not denominate a loss of confidence in BSIF but simply a opportunity to make some money through stock lending. Is my understanding correct?
macc2
15/11/2017
09:59
Current premium over NAV is therefore 4.8% at todays shareprice. 15 November 2017 Bluefield Solar Income Fund Limited Unaudited NAV 30 September 2017 The Company's NAV at 30 September 2017 was £398.9m, or 107.85 pence per Ordinary Share, compared to the NAV at 30 June 2017 of £409m, or 110.49 pence per Ordinary Share. The change in NAV is due to the adoption of the most recent power curves, released between July and September, from the Company's two independent power forecasters, which have been blended on a 50/50 basis. All other core assumptions remain consistent with those supporting the NAV issued in the Company's audited financial statements for the period ending 30 June 2017.
masurenguy
05/10/2017
12:26
Disappointing director sale .
hazl
05/10/2017
08:09
Thanks gateside was in them some years back.......
hazl
05/10/2017
08:08
A good day yesterday,let's hope for the momentum to continue.
hazl
03/10/2017
22:11
If your looking for quarterly high yield shares, Blackrock have some good Investment Trusts.BRCI pays a nice dividend, but has been limited in capital growth this year. Looking undervalued and with a nice dividend.
gateside
03/10/2017
22:05
Lemon fool looks like an interesting site. But they seem a bit overly fussy and up-tight about rules and regulations.I'll stick with ADVFN. :-)
gateside
03/10/2017
16:30
Hi Hazl - again I have voted your last message down cos it doesn't really tell me (or any one else for that matter) anything, just leaving me :-$ Over on the Lemon fool you can use proper Emojis but the use of more than one in a message is frowned upon and a bare Emoji post will be pulled. kind regards - A00
a0002577
03/10/2017
12:25
Hi, Hazl - if you are looking at income stocks you you coold do worse than look at IHR and RMDL. ESP could be interesting if they drop much more - below 100. It is worth having a look at the Lemon fool https://www.lemonfool.co.uk//index.php which has a more active investor community. It is free to join and there are a lot of very knowledgeable folk over there. I am known as BusyBumbleBee over there Take time to read a lot before you make your first post and get the flavour Kind regards & good luck
a0002577
03/10/2017
09:34
OT Again,I am collecting a few diamond stocks. They have gone to rock-bottom and I sense it will soon be time for a recovery. De Beers have committed a large amount of cash to some marketing coming out soon,so I understand, and will hopefully lift the whole sector. Speculative,but different! I have BRD and RLD so far. One lot of Bluerock diamonds are already in profit,but not the second. Richland doing even better but see how it goes.
hazl
03/10/2017
09:26
Interesting. Thank you, will take a look. I never usually get the Investors Chronicle,so it was a real surprise. Perhaps I ought to get it more often! I have had some good stocks this year and am trusting this will be the same. I was lacking a good dividend player, so it fits the bill, though I can understand your rotation idea, I am a bit fed up with going in and out of stocks. H
hazl
03/10/2017
08:49
Good morning, Hazl - I too subscribe to IC so had seen that article. You might like to look at the TRIG thread where I have posted a link to a very good presentation they did yesterday which contains a lot of background info. The link is http://www.trig-ltd.com/sites/default/files/TRIG%20Capital%20Markers%20Seminar%20-%202nd%20October%202017.pdf worth a read. For info, I hold (at the moment) BSIF, NESF, FSFL, JLEN and TRIG. I tend to trade between them as well as they go in and out of favour - usually when they announce a new tranche of equity which UKW have just done so am keeping a careful watch on the price
a0002577
02/10/2017
19:16
Thank you A000257. That was actually a quote from the Investor's Chronicle. I am aware of the interest-rate vulnerability but the managers so far have been very canny and so according to the article I have made a reasonable choice. We will see.
hazl
02/10/2017
14:27
Hi Hazl, You say 'The fact that they are trading at a premium shows the market thinks they are still sound investments. Be aware that they work their NAV using slightly different values to other Green infrastructure funds. See their annual report https://uk.advfn.com/stock-market/london/bluefield-solar-BSIF/share-news/Bluefield-Solar-Income-Fund-Limited-Full-Year-Resu/75663782 which says "Activity in the acquisition market place between willing buyers and willing sellers has seen higher transaction valuations than in the previous years, and this reflects lower discount rates on the cost of capital, whether equity, or weighted between equity and debt. This reduction has been further emphasised by historically low long term Sterling interest rates, and we were pleased to take advantage of that opportunity with our facility with Aviva Investors. To reflect these market changes we have decided to adopt discount rates at lower levels than for the previous year with equity now discounted at 7.43% and a weighted average cost of capital of 6.15%." I also tend to trade these as buy/sell costs are low and there is often some seasonality in their price.
a0002577
02/10/2017
14:09
Had a bit more time to read through the previous posts over the weekend and there are some extremely well-informed observations on the industry. Thanks. I didn't get much time before.
hazl
30/9/2017
13:44
I am just so pleased BSIF that as you know I bought last week is mentioned in the Investor's Chronicle. There is a whole section on Funds and renewable energy. The adaption to lower subsidies and where the growth opportunities are coming from is discussed. They is a nice little piece on BSIF Bluefields Solar Income fund explaining that they can wring out further income from the projects they do own rather than acquisition. BSIF is the highest - yielding trust in the sector at 6.4 per cent and is taking this approach. Again later in the piece 'The fact that they are trading at a premium shows the market thinks they are still sound investments and they continue to pay nice attractive dividends' said Mr de Bunsen from a different company.
hazl
28/9/2017
13:24
http://investing.thisismoney.co.uk/news/article/id/5668387/
hazl
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