Ecofin Global Utilities ... Share Discussion Threads

[spectoacc] 01/10/2019 14:21

Slotted a few 162.5 but the MMs somewhat ungenerous with the prices, considering the number of buys.

Also note the NAV ticked up again - 175.8p - a long way from the "old" EGL, let alone ECWO.

[18bt] 01/10/2019 10:34

konkel, agreed I have top sliced my holding as discount now narrowed to 6.7% and spread often quite big

[spectoacc] 01/10/2019 10:32

@konkei - can't go bust taking a profit :) I'd usually sell into a tip too, but the NAV rise is (mostly) keeping me interested atm. Seems EGL really has become a different beast at last.

[konkel] 01/10/2019 10:17

Couldn't resist trimming position...this one's not the most liquid so need to feed the ducks while they're quacking :-)

[spectoacc] 01/10/2019 09:30

Took a nudge from Cowie, but seems the run the NAV has been on is finally getting recognised.

@topvest - it's taken a while!

[topvest] 30/9/2019 20:54

Blimey - Ecofin is actually going up. A pleasant surprise. Wonders will never cease!

[spectoacc] 30/9/2019 19:09

Today's NAV RNS (ie Friday's) 175p, EGL aren't expensive IMO. I'd usually sell into a tip but the trust getting more "infrastructury", and not UK infrastructure, suggests it ought to be closer to NAV IMO.

The charges have always been a pain tho.

[neilyb675] 30/9/2019 18:09

bought at the top

[masurenguy] 30/9/2019 13:43

Took an initial modest position here today.

[skinny] 30/9/2019 10:51

I didn't realise he was so influential!


free stock charts from uk.advfn.com

[skinny] 30/9/2019 09:11

Yes Ian Cowie did well to buy @152p last week!

Price/NAV.

[spectoacc] 30/9/2019 08:15

Still cheap on a NAV basis IMO. 175.11p last RNS, & been on a tear.

[cwa1] 30/9/2019 08:08

Well, the Sunday Times puff doesn't seem to have done any harm here this morning(so far!).

[18bt] 03/9/2019 16:48

NAV 174.19 - that’s a discount of 14%. Not bad for a trust which has produced a total return of 18% over the last 12 months. I continue to reinvest the 4.3% yield at that level. Ly concentrated holdings and fee too expensive, but it is delivering.

[wskill] 24/6/2019 11:07

Now £1.63p like a rocket well for EGL anyway excellent .

[spectoacc] 13/6/2019 15:38

NAV up to £1.59 - have to say, didn't expect it to be doing so well. It usually just sits there, on a nice yield, but with little to no capital appreciation.

[spectoacc] 23/5/2019 13:42

Yes NAV been doing v well. Let me know if you find one with a lower charge, that does the same thing - I couldn't. May be a cheaper Unit Trust rather than IT knocking around.

[wskill] 23/5/2019 12:46

NAV looking good £1.55 but with 95% of investments in utilities outside the UK it is to be expected EGL will outperform UK based utilities with mr corbyn and macdonald looking to win the next election.

The charge is too high though 1.25% will look for one with a lower charge with a view to selling here .

[topvest] 05/1/2019 22:05

Yes, agreed. Poor performance. I see ECOFIN has been acquired by Tortoise in the US. Effectively a white flag hoisted I suspect given they are significantly smaller than they once were. It will be interesting to see whether Tortoise have any better plans. What I always remember about ECOFIN is their large holding in Fulcrum that they threw the towel in at a loss. I multi-bagged on the same investment and bought at 7.5p rather than 15p. Overall, they swap and change too much and flip flop between one utility and another. Need more of a buy and hold approach. Poor, but still have a small holding.

[skinwalker] 31/12/2018 23:53

Strong investment proposition?
I've owned these for about 10 years and never been in profit.

[speedsgh] 03/12/2018 14:47

Acquisition of Ecofin Ltd by Tortoise Investments -

Ecofin Global Utilities and Infrastructure Trust plc ("the Company" or "EGL") announces the acquisition of its Investment Manager, Ecofin Limited, by Tortoise Investments, LLC.

Tortoise Investments, based in Kansas City, owns a family of investment management firms (collectively "Tortoise") which manage approximately US$20 billion including five New York Stock Exchange listed closed-end investment funds. Tortoise invests in essential assets and services which serve fundamental needs in society and clients' portfolios, such as diversification and income.

"Tortoise should prove to be a great resource for EGL as it has important expertise managing closed-end funds in the US with a strong focus on income distribution. Tortoise's experience investing in energy infrastructure will bring valuable additional insights, especially in expanding our research on the North American investment universe," said David Simpson, Chairman of EGL. "We are also pleased that the day-to-day management of the Company's portfolio will remain the same." Mr. Simpson's comments were echoed by Jean-Hugues de Lamaze, Senior Portfolio Manager for EGL. "We look forward to joining the Tortoise team. Tortoise's long history investing in energy infrastructure will complement our broad infrastructure expertise and research."

Kevin Birzer, Chief Executive Officer of Tortoise concluded: "We are thrilled to expand our focus globally and delighted that Ecofin's talented team will be joining Tortoise. We are very committed to helping Jean-Hugues and the rest of the Ecofin team continue to deliver a strong investment proposition and superior client service to EGL shareholders. Our culture is one that thrives on diverse ideas, viewpoints, opinions and backgrounds and the addition of our newest team members in London aligns perfectly with that mission."

[speedsgh] 25/10/2018 13:07

Dividend Declaration -

The Company announces that the Directors have today declared an Interim Dividend for the year ended 30 September, 2018 in an amount of 1.6p per Ordinary Share.

The Interim Dividend will be payable on Friday, 30 November, 2018 to holders of Ordinary Shares on the Register at the close of business on Friday, 2 November, 2018 (ex-dividend Thursday, 1 November, 2018).

[spectoacc] 16/10/2018 07:27

@jonwig - EFR took the cr*p, ie Lonestar (which nearly went bust but went on to do well), water rights, some unlisted, Menhaden Capital stake etc. EGL took the good stuff but had a tough first 6 months where they underperformed badly, not helped by gearing.

They've come back well, and sit at a decent discount with a decent quarterly yield. If there's one negative it's the total charges - too high IMO.

Both NAV & share price are more volatile than you might expect.

[jonwig] 16/10/2018 07:00

Thanks - I held ECWO at one time then lost track of it.

[spectoacc] 16/10/2018 06:46

And coincidentally - the other part (EFR) is finally in its wind-up endgame, delisting the week before last.

I've quite a few EGL but find the NAV more volatile than I'd expect.