Bluefield Solar Income Share Discussion Threads

[a0002577] 11/10/2018 15:15

If your shares are held by a nominee, then buying one extra share in your own gets you on the register, the annual report and the chance to go to the AGM etc

[zero the hero] 11/10/2018 14:05

Right fess up, who just bought 1 share and why? - I'd actually would love to know why 1 share!

[nimbo1] 11/10/2018 09:55

market conditions like this remind me why I hold this type of thing. So I can stay afloat : )

[zero the hero] 05/10/2018 16:49

Wrong company! British Strategic Investment Fund, must try harder

[masurenguy] 05/10/2018 11:27

"the 4% sold to another institution shoud have triggered another RNS."

You're right A0002577 unless the institution was registered offshore in which case there is no legal liability upon them to do so since they are outside UK jurisdiction.

[a0002577] 05/10/2018 11:11

Good comments, TartShagger, BUT the 4% sold to another institution shoud have triggered another RNS.

Unfortunately I am not Warren Buffet and I enjoy the trading between the green infrastructure shares cos their SP's all go walkabout every year. Any way I don't think WB would even look at BSIF - not enough upside.

[tartshagger] 05/10/2018 08:29

The Sarasin shares would have been placed with a big institution, 4% is too large to have been sold on the open market. The fact that the share price has not moved much suggests that the price was in the current range. BSIF could easily finance trial installations of storage batteries to prove the technology from their own resources. Warren Buffet didnt become a billionaire by trading in and out of CocaCola shares. BSIF have a low beta i hold them for the rising income

[a0002577] 04/10/2018 10:51

On 28th September a group of shareholders led by Sarasin & Partners LLP disposed of 14 million or so shares - something like 4% of the total. So far these have not surfaced elsewhere. The price meanwhile has continued to nudge up. Interesting.

FSFL announced the price of their placing and knocked the share price this morning.

RED announced a placing this morning - to finance the production of their orders - knocking their share price as Well.

So.. The question is whether to sell now in the hope they are going to raise money to put RED's batteries on several sites which will knock BSIF's share price

Any thoughts?

[a0002577] 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

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.

[tartshagger] 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.

[a0002577] 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)

[18bt] 27/9/2018 10:42

Zero - always difficult to tell on some Boards what is light hearted and what is not! :-)

[zero the hero] 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 :-)

[masurenguy] 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.

[18bt] 27/9/2018 08:15

Zero - I'm not sure we hold this for excitement, just the inflation-hedged divi increases which are lovely ..

[zero the hero] 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

[a0002577] 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.

[tartshagger] 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?

[a0002577] 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.

[tartshagger] 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

[a0002577] 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.