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EGL Ecofin Global Utilities And Infrastructure Trust Plc

173.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Ecofin Global Utilities ... Investors - EGL

Ecofin Global Utilities ... Investors - EGL

Share Name Share Symbol Market Stock Type
Ecofin Global Utilities And Infrastructure Trust Plc EGL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 173.00 16:35:02
Open Price Low Price High Price Close Price Previous Close
169.00 169.00 172.00 173.00 173.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

Top Posts
Posted at 24/9/2023 18:11 by mrscruff
As of the 24th of September 2023, EGL represents one of the most promising low risk investment opportunities in our lifetime. However, some investors, some here, all fail to recognise its potential and are instead drawn to cash or higher yield, despite the fact that investments with higher yields frequently carry substantial debt and lower internal rates of return (IRR) and eventual total return.

Sometimes higher yielding stocks simply pay out all their earnings (e.g. REITs) and don't hold any back anything for growth like most utilities and infrastructure companies EGL invest in do.

If you're enticed by higher-yielding cash options, you will be overlooking the superior IRR potential offered here. Moreover, when cash yields eventually decrease, you could find yourself paying 25-35% more for EGL. The potential for upside risk with EGL is inevitable for those who hold onto cash.
Posted at 20/12/2019 11:46 by chc15
https://www.trustnet.com/news/7461061/wise-investments-10-trusts-for-income-hungry-investors
Posted at 29/5/2018 22:16 by speedsgh
Half-year Report -

from the Chairman's Statement:

Dividends
The Company paid dividends totalling 3.2p per share to shareholders during the half-year to 31 March, 2018. At an annualised rate, this represented a dividend yield of 4.9% based on the NAV at 31 March, 2018 and 5.6% based on the share price at the same date. The Board continues to monitor the income generated by the portfolio and the net income available for distribution with a view to a progressive dividend policy.

from the Investment Manager's Report:

Outlook
The global utilities sector has underperformed the broader equity markets for the past year and relative valuations of many companies in the global sector are very low by historical standards. These low valuations are, we believe, largely attributable to investors favouring cyclical companies, which benefit from strong economic growth, over companies they perceive as defensive, such as utilities.

The current low valuations in the sector prevail at a time when the fundamentals of the sector are improving and corporate activity is on the increase. We forecast that earnings will increase by 8% per annum in our sectors in Europe over the next 3 years, higher than the market average; that rate will be closer to 6% per annum in the US which will, in all likelihood, be lower than the market's tax reform fuelled growth in the near-term. Based on our analysis of free cash flows, we have recently increased the expected dividend growth profile of the Company's portfolio to 6.8% per annum (from 6.1% per annum) through 2020. Many diversified multi-utilities - particularly in Europe - are restructuring their businesses to focus on core activities. Companies are also showing more financial discipline and free cash flows are increasing across the sector. As a result, we believe that many utility and infrastructure companies will increase their dividends faster than the market expects. With uncertainty about the outlook for economic growth and markets likely to increase over the coming months, we believe that the utility and infrastructure sectors should provide investors with good returns on a total return basis over the longer-term.
Posted at 03/3/2017 11:50 by speedsgh
CJ - The following is from the July 2016 prospectus...



DIVIDEND POLICY
"The Board believes that a relatively high level of income from a global specialist equity fund will provide an appealing investment proposition for investors searching for yield at a time of record low interest rates. The Company will, therefore, target an initial dividend yield of at least 4 per cent. on net assets using gearing and, if necessary, reserves to augment the Portfolio yield.

The Company intends to pay dividends to Shareholders on a quarterly basis, payable on the last Business Day of February, May, August and November each year, with the first dividend expected to be paid on 30 November 2016."

Also see the timetable set out in the following announcement...

Quarterly Dividend -
Posted at 03/3/2017 10:47 by cousin jack
Where is the best place to find information on previous and future dividend dates?Ecofin don't seem to have it in their investor relations section.

T.I.A.
Posted at 19/1/2017 17:31 by orinocor
portfolio update today

Manager’s ;comments:
 As we write these lines, the portfolio has recovered about 8% from the lows reached in November following Donald Trump’s
(unexpected) election victory.  The severe downturn which ensued in our universe – caused by concerns about both a more
inflationary environment globally and a less climate change friendly energy policy in the US – presented opportunities to buy
high quality names on the cheap.  The dividend yield on our universe relative to bond yields is close to all‐time highs and, in
our view, represents a clear opportunity and reinforces the rationale of our investment strategy.  ;The gross dividend yield
on the portfolio currently stands at 5.4%.
 Global markets have started 2017 with a ‘risk‐on’ mind‐set. ; Since Donald Trump’s election, investors have tended to favour
cyclical sectors and they have shunned long‐duration business models like utilities, anticipating a protracted period of rising
interest rates.  According to Wolfe Research, 70% of US investors are underweight utilities and only 9% are overweight, an
unprecedented imbalance; Exane estimates comparably low exposure to utilities by European investors.
 We, however, find significant and fundamental attraction in our investment universe which offers a combination of growth
and sustainable dividends, often with some inflation hedge.  In the US, some infrastructure companies will benefit from the
new administration’;s much anticipated investment programme and, while utilities may be out of favour currently,
fundamentals remain strong and companies are demonstrating an average dividend growth profile of more than 6% per
annum.  Considering the US equity market is trading at all‐time highs and investors have thus far exhibited little doubt in the
implementation of the President‐elect’s mooted economic policies, utilities may behave like safe‐havens.  We doubt that US
renewable energy policy can or will be reversed and, therefore, we still favour those operators which benefit from secure
returns on a high quality asset base.
 In Europe, the context is more diverse given the differences in regulatory models and business mixes. As a sector, European
utilities have been hit even harder than their US counterparts since November, principally due to the spike in European
government bond yields.  Nevertheless, the cost of debt remains very low and European utilities and infrastructure names
will benefit from a gradual acceleration in GDP growth and inflation, and regulators still want to incentivise investment given
the high capex requirements in energy infrastructure.
 Overall, we favour companies with low leverage, opportunity for growth and solid dividend policies. In the pure regulated
space, we look for inflation‐hedging formulae.  ;We are sceptical about the sustainability of a commodity‐driven rally and,
consequently, the portfolio has a fairly low weighting in thermal power generators; instead, we favour those companies
which are more immune to external factors and policy changes.
Asset allocation % of Portfolio
Equities 98.9
Fixed‐interest 1.1
100.0
Sector allocation % of Portfolio
Regulated utilities and infrastructure 54.2
Integrated utilities 29.0
Renewables (incl. YieldCos) 16.8
100.0
This document is issued by Ecofin Limited (the “Investment Manager”), which is authorised and regulated by the Financial Conduct Authority, in
relation to Ecofin Global Utilities and Infrastructure Trust plc (“Ecofin Global”).
Ecofin Global is a newly incorporated United Kingdom investment trust whose shares are listed on the premium segment of the Official List and
trade on the main market for listed securities of the London Stock Exchange. The promotion of Ecofin Global and the distribution of this
document inside and outside the United Kingdom is also restricted by law.   
This document does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any shares
in Ecofin Global. The information contained in this document are for background purposes only and do not purport to be full or complete. The
Investment Manager believes that the source of the information disclosed in this document is reliable. However, no representation, warranty or
undertaking, express or implied, is given as to the completeness of the information contained in this document by the Investment Manager, and
no liability is accepted by the Investment Manager for the completeness of any such information.
Released: 19 January, 2017
TICKER: EGL SEDOL: BD3V464
Posted at 13/12/2016 16:04 by orinocor
I estimate current NAV is approximately 125p looking at my portfolio watchlist.


Manager’s ;comments for November


hxxp://www.ecofin.co.uk/eco/uploads/monthreview/November_2016_Final.pdf

November was a very difficult month for our sectors and the Trust’s portfolio.  Donald Trump’s election was, surprisingly, interpreted as unambiguously positive for spending, growth and earnings, and a ‘risk on’ mood triggered a massive sector rotation away from defensive areas of the equity market. 

etc
Posted at 16/11/2016 09:36 by jimcar
It could be BTEM. They are value investors looking for changes in businesses. They seem to have taken the cash after the reorganisation and probably can't see any more restructuring for now. They are left with a small holding in EGL and they say they want a more focused portfolio, so it seems likely they would want out.

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