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Share Name Share Symbol Market Type Share ISIN Share Description
Bluefield Solar Income Fund Limited 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
  0.00 0.0% 129.50 129.00 130.50 130.50 129.00 130.50 487,004 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.7 44.9 12.2 10.7 480

Bluefield Solar Income Share Discussion Threads

Showing 126 to 150 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
01/10/2018
15:20
RedT makes batteries : GFS finances (buys existing?) battery installations. I would just love it if GFS financed some batteries from RED, where I am a shareholder, for BSIF. That would be a tipping point for RED. I re-read in detail the annual report and was particularly impressed by the "Report of the Investment Adviser" see https://www.investegate.co.uk/bluefield-solar-inco--bsif-/rns/full-year-results/201809270700120863C/ It goes to great lengths to detail all aspects of the green energy sector and BSIF's approach in particular. They will not over pay for assets and they think they are overpriced at the moment and do talk of batteries as a way of enhancing their offering. They also explain clearly a lot of the terminology and how it is used and the relationship one to another. For example the relationship between WACC and Discount Rate is given and the effect a change in each parameter would have on the NAV. This section is a must read if you are serious about investing in this sector. Be aware though, that if they do a share issue/placing to finance battery installations, it will knock the share price as it has so recently done to JLEN and will shortly do to FSFL.
a0002577
01/10/2018
09:52
Correction! I meant GSF not GFS the security firm. DYOR!
tartshagger
01/10/2018
08:31
There were rumours in the market last week about BSIF. They produced good figures and increased the dividend. There was chatter about them talking to RedT and/or GFS about adding value to the portfolio by building on battery storage.
tartshagger
30/9/2018
15:28
Heavy trading in this one on Friday - over 4 million shares compared with normal daily volume of about 100K. A good tick up in the price as well. Any ideas why - other than good results? I should add that I bought a few of these on their results - glad i did..
a0002577
27/9/2018
11:19
The forward yield on BSIF is 6.4% (with the RPI increase in the dividend) announced in the Annual Report of today. Coincidentally the same as JLEN (if you buy the new issue shares on offer for 102)
a0002577
27/9/2018
10:42
Zero - always difficult to tell on some Boards what is light hearted and what is not! :-)
18bt
27/9/2018
08:56
That was an attempted light hearted comment by me, I have my allocation of exciting shares, I like the "boring" divi :-)
zero the hero
27/9/2018
08:34
Zero - this is a pure income play with a dependable yield of circa 6.2%. There are plenty of other more "exciting" and volatile shares around like RED where we both appear to be shareholders.
masurenguy
27/9/2018
08:15
Zero - I'm not sure we hold this for excitement, just the inflation-hedged divi increases which are lovely ..
18bt
27/9/2018
08:03
Steady results as expected, all a little boring really, until you get to the dividend.
zero the hero
31/7/2018
16:44
BTW the dividend announcement was rather nice, but why does the share price always retreat on this type of announcement - I understand this is all shares not just BSIF
zero the hero
31/7/2018
16:42
Isn't BSIF involved with a different British Battery manufacturer, I did research this a while ago, but my memory is failing me
zero the hero
26/7/2018
09:42
Agreed, . Have you seen the REDT announcement this morning? Huge battery installations in Germany - now all we need is for FSFL and BSIF and NESF to take them up as well. UKW ad TRIG would also benefit as would for example VEN and VEN2. I tend to hold a mixture of these and trade between them when one looks overvalued so I am out of BSIF at the moment. Did buy them first when they were yielding about 8% but have dipped in and out - which was easier to do when their dividends were very lumpy as their price yo-yoed more then. JLEN are buying assets from John Laing so they almost bound to overpay - but I do like their diversity of asset.
a0002577
26/7/2018
08:36
And thanks for the usefull table above, its very helpfull. I'm a beliver in following Warren Buffet's principles when investing - do your research, identify an undervalued company, buy low and hold for years. Buy and hold! BSIF has the highest premium because it has the best rate of return on capital employed (RORC). A couple of years ago you could have bought them for 95p on a yeild of nearly 9%. Many investment advisors have been recommending green infrastructure funds like BSIF to their clients because of the rising government guaranteed inflation proof returns. JLEN has the lowest RORC because the management overpay for their assets and invest in obscure technologies like biogas and waste water. I believe the industry calls them "bond proxies". One day I think FSFL and BSIF will merge, or one will buy the other - so I hold all three, JLEN, BSIF and FSFL. I'm getting a rising income with some capital gains, whats not to like?
tartshagger
25/7/2018
09:48
Well, TartShagger, thanks for the confirmation on the sunlight and well done for pointing out REDT. Their battery technology is really interesting and the gov't thinks so as well as they have just had a big grant to develop it further. Also coming up shortly are large improvements to the output of solar panels - when this happens batteries will be even more important as those that have them will be able use what grid capacity they have for longer in each day. Massively increasing revenue from a site. Not sure that BSIF is the best investment here though at the moment. My current favourite for pure solar is FSFL.
a0002577
24/7/2018
16:18
I have a 3.5kW solar panel system on my S facing roof which was installed 4 years ago. I'm getting 12% pa return on the FITS and it goes up each year with inflation. You are however correct, I got £20 less on the spring quarterly payment because of cloudy weather and snow on the panels in the winter. BSIF premium is related to the inflation-proof rising income, the high RORC and the excellent management. Industrial scale solar farms are really cheap to install now, using high-efficiency Chinese panels and inverters even without the subsidy. What would make a big difference to BSIF would be if they added grid-scale battery systems to each farm - currently Tesla-type lithium batteries are being installed on Australian solar and wind farms also one or two here in the UK A better solution for the UK would be the UK developed vanadium flow battery systems now being offered by RED and already being installed in S Africa. Their Gen3 product is excellent and BSIF really should be talking to them
tartshagger
24/7/2018
12:11
We have short memories, stevegrass777, As I remember it, April, May, June and early July were quite cloudy and they should be peak months. Even this week there is cloud cover along the east coast. We are on the downward slide from here on towards midwinter. that's why we need a spread of locations.
a0002577
24/7/2018
11:35
But how much money have these solar panels been kicking out in this nice weather, it must be way more than usual, so maybe the price reflects the pure solar play and the heat wave.
stevegrass777
24/7/2018
10:41
There are some other factors, Gateside, which affect the value to the investor of these assets. These are often quite well buried deep in the financials. They are: Discount Rate used - sometimes in two parts, one for individual asset debt and the other for debt at listed company level. It can also vary with Asset Class. A change in assumptions here can have a huge effect on NAV. Lowering the discount rate increases the NAV. The actual figure used is a little subjective and therefore open to interpretation by the board and/or manager. Some use WACC instead of Discount Rate and some use a mixture. The cost of Borrowing. The lower the better - obviously - but some is RPI linked and others not. There tends to be higher rates for individual asset based loans than at company level. Also makes a difference if it amortises over the course of the loan. And of course if it is paid off well before the asset and subsidy life. In the period between paying off the debt and the end of the subsidy, a wall of money will hit the company and can be used to pay dividends of re-power the asset. Gearing the amount of debt. At the moment debt is cheap - ridiculously so. The TER, the managers fees (and incentive payments) can have a substantial effect over time. The type of landlease held is also important, is it renewable being one of the most important factors as is the ownership of the actual grid connection. Spread of asset types and locations are also important. I will try to get at least some of these figures together in the next month or two and will share them when I have done it. Really wish there was some standard here as it would make comparison easier
a0002577
23/7/2018
16:34
Great post. Very useful.Agree that BSIF looks a bit overvalued at present.
gateside
23/7/2018
14:36
This table shows the six major 'Green' infrastructure funds Stock Bid Offer DIVIDEND Yld BID Yld/OFFer NAV Discount(-)orPremium (+) BSIF 121.50 122.50 7.43 6.12% 6.07% 112.81 8.59% JLEN 104.00 105.00 6.51 6.26% 6.20% 99.60 5.42% TRIG 109.20 109.40 6.50 5.95% 5.94% 103.60 5.60% FSFL 110.50 111.50 6.58 5.95% 5.90% 104.90 6.29% UKW 126.20 126.40 6.76 5.36% 5.35% 114.30 10.59% NESF 108.50 109.50 6.65 6.13% 6.07% 105.10 4.19% You can see that JLEN has the highest yield and the smallest premium to NAV and a more diverse portfolio. Historically BSIF has done well but my guess is that in the future JLEN and FSFL will do better - so that is where my money is going. I have been in and out of BSIF several times but at the moment it looks very fully valued
a0002577
21/7/2018
11:45
Not a lot to say until they do a deal or change assumptions for the valuation. Just accumulating dividends like all the other members - and I have mine on automatic reinvestment
18bt
21/7/2018
11:05
Nice quiet thread. BSIF has been slowly trending north - circa 9% up since I first bought in 7 months ago - plus an attractive yield (6.5%) paying 3.6p per share in 2 interim instalments during that period.
masurenguy
12/6/2018
16:27
Steady progress over the past 9 months with the shareprice gradually increasing at an average rate of 1% per month plus an increasing yield, which is still available at 6% to new investors at the current Offer price of 120p.
masurenguy
30/4/2018
16:07
So, up a fraction and no worries, as it should be. Noted that FSFL lost a penny off of its nav and made comments re its debt. https://www.investegate.co.uk/foresight-slr-fnd-ld--fsfl-/rns/net-asset-value-and-dividend-announcement/201804300700144769M/
rambutan2
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
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