Ecofin Global Utilities ... Share Discussion Threads

[rick138] 28/2/2018 14:20

Total costs for this trust according to the KIID are 2.52% (including transaction costs of 0.6%). I was about to buy some more but now I'm less keen, despite the recent increase in the discount. Nice yield but....

[spectoacc] 09/2/2018 09:36

£1.25 for yesterday, likely lower again today.

[spectoacc] 08/2/2018 15:52

It's been wider so prob not a bad call - also the 1.25% charge always feels a bit steep in this day & age. Not hard to justify a discount based on that.

[speedsgh] 08/2/2018 13:29

Ideally want the discount in double digits before I add...

EDIT - NAV as at 7/2 was 129.29p.

Net Asset Value(s) -

Current offer price 115p gives 11% discount to NAV. Still feel discount may continue to widen so sitting tight for now.

[spectoacc] 08/2/2018 13:28

NAV certainly tanked, not surprising when there's gearing involved too. Happy to hold for the divi here - is a fair argument re yield but EGL feel like a diversifier for me.

[hpcg] 04/2/2018 10:48

US utilities under pressure from rising rates. Whilst they had rotated out of the US Europe seems to be following a few yards behind. Difficult to justify no growth for a dividend a couple of percent above risk free.

[spectoacc] 02/2/2018 16:03

3p drop in NAV since yesterday but assume a chunk of that is the recent XD.

[spectoacc] 11/1/2018 06:55

@topvest - whilst not keen on the 1.25% charge (far too high for an IT in this day & age - eg LWDB, a larger but much more complex trust, charges 0.43%), I was impressed by their outperformance of the Utilities Index.

[topvest] 10/1/2018 20:44

Annual report has come through. I'd not realised just how much this trust had shrunk in size. Very much past the glory days of the previous trust! I would like to see less chopping and changing. Surely, you are better buying strong utility companies and holding for years, rather than continually churning the portfolio. Quite poor.

[neilyb675] 28/12/2017 13:00

The Company announces the unaudited Net Asset Value per ordinary share (inclusive of accumulated income) as at the close of business on 27 December, 2017:-

Net Asset 144.30 pence
Value:

[neilyb675] 27/11/2017 17:11

Net Asset 146.59 pence
Value:

[neilyb675] 08/11/2017 17:45

hxxp://www.ecofin.co.uk/eco/uploads/monthreview/October_2017_Final.pdf

[spectoacc] 24/10/2017 12:25

Choppy NAV back up to 149.9p. At end of the day, they're doing exactly what it says on the tin.

[speedsgh] 24/10/2017 10:20

Dividend Declaration -

The Company announces that the Directors have today declared an Interim Dividend for the period ended 30 November, 2017 in an amount of 1.6p per Ordinary Share.

The Interim Dividend will be payable on Thursday, 30 November, 2017 to holders of Ordinary Shares on the Register at the close of business on Friday, 3 November, 2017 (ex-dividend Thursday, 2 November, 2017).

[neilyb675] 13/10/2017 12:26

Significant discount

[spectoacc] 13/10/2017 11:29

NAV popped over 150p, having dropped to 143p the other day. It's quite choppy but £ will be some of that, and it's generally performed well since a shaky start.

[getscenic] 31/8/2017 09:00

Damn, the Telegraphs kiss of death. How many of my nicely discounted trusts have been ruined by the telegraph pump and dump.

[spectoacc] 31/8/2017 08:32

Good spot, thanks @speedsgh. Fairly relentless small buying, should have guessed Telegraph ;)

[speedsgh] 31/8/2017 08:28

Nice timing, Specto. Appears to have been tipped in Telegraph's Questor column...

Questor: infrastructure normally attracts a premium but this trust offers a 15pc discount -

[spectoacc] 31/8/2017 08:08

Tipped? I only topped up yesterday :)

[spectoacc] 30/8/2017 08:50

Yes, plenty in strong Euros (who'd have thought we'd be saying that). Topped up again - a relatively safe haven.

[konkel] 30/8/2017 08:35

Only 14% UK assets so weak sterling clearly helping NAV.

[spectoacc] 24/8/2017 15:12

Must have found some loose change down the back of the sofa.

NAV up to 149p, discount can't stay this wide indefinitely IMO.

[neilyb675] 24/8/2017 15:10

The Company announces that it was informed today by Mr. Matthew Breidert, a Partner of Ecofin Limited, the Investment Manager to the Company, that he has bought 19,607 Ordinary shares at an average price of 127.50p per share on 24 August 2017.
 
Following this transaction, Mr. Breidert owns 231,847 Ordinary shares, representing 0.25% of the issued share capital of the Company