Ecofin Global Utilities ... Share Discussion Threads

[orinocor] 15/11/2016 14:22

I've taken some more at 113.5p. Based mainly on the size of the director buys at 121p last week. Some big purchases there including a 200,000 buy

[orinocor] 15/11/2016 13:16

certainly not flavour of the month

[orinocor] 15/11/2016 13:15

wow this stock is out of favour

[spectoacc] 14/11/2016 11:49

I'm in a few EGL but there's plenty cheaper, both on yield and discount. If you want both (and plenty of risk) - MVI or UTL. I like EGL for the utility exposure but fair to say the "bond-like" trade may be over.

[orinocor] 14/11/2016 11:27

It looks too inexpensive to me compared to the rest of the investment trust sector. 10% discount and 5.5% yield. Not many will beat that.

[konkel] 14/11/2016 10:29

129p according to Citywire....still too expensive.

[orinocor] 14/11/2016 09:19

I'm toying buying more with FTSE up 80 points and this unchanged. I'm a bit wary of the NAV though, seems to have a mind of its own! Anyone care to guess the current NAV. I'm thinking it fell on Friday but should have clawed that back today so NAV somewhere over 130p?

[orinocor] 11/11/2016 14:57

Yes NAV was 142p a week ago so its down 7% for whatever reason.. The $ weakening since Trump election has not helped either.

I think a 15% discount is excessive with a 5.5% yield. The discount is not fixed of course but you often see income trusts trading at a small discount of 5% or even a premium.

[spectoacc] 11/11/2016 14:35

Fair point, was a big NAV drop and didn't include yesterday's further rout of bond proxies (inc utilities). I'm still looking to buy more mind - but lower than here or it wouldn't be much of an avg.

[konkel] 11/11/2016 14:01

It appears to be getting cheaper by the day but is, infact, getting more expensive as the discount is narrowing! I wouldn't buy it on anything less than a 15 discount.

[spectoacc] 11/11/2016 08:37

One or two decent buys yesterday that I reckon might be more director purchases - time will tell.

When the directors and you are spent-up, then I'll buy on the dip ;) :))

[orinocor] 11/11/2016 08:10

These shares are cheap this morning. 120p to buy despite showing 118-125. Got some.

[spectoacc] 08/11/2016 15:28

Another director buy (from yesterday), he's averaging down a little further. To be fair, isn't helping the price much. Want it a little lower before I buy again.

Share purchase
---- --------------------------------------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
121.5000p 130,465

[asmodeus] 05/11/2016 20:17

Gant - do I understand that you said you wanted to accept the EGL and EFR for your ECWO, but Alliance gave you all cash instead?

[ganthorpe] 05/11/2016 12:43

I went for max cash and finished up about even , having been well down earlier this year. Did a bit better in my ISA as Alliance gave me cash for all I applied for - not just the percentage - no idea why.
Bought some back at 121P with a good yield promised without the illiquids.
Just sold my EFR and moving on.

[asmodeus] 02/11/2016 15:15

Has anyone been able to work out, or been given the "factor", or percentage figures to calculate their effective cost price of EGL and EFR, based on what they paid for ECWO - especially if they took part cash? My own Broker says 91.87% for EGL and (hence) 8.13% for EFR, but I did not take any cash. Thanks. Edit - oh well, let me put it this way - is anybody here making a profit, or loss on EGL or ERF? If so - how did you work that out?

[orinocor] 25/10/2016 09:20

The spread not as bad as it looks. Bid price is 120.5p , ask price is 125p. Still bad though!

[spectoacc] 25/10/2016 08:19

Director thinks so - 200k purchase at 120.36p reported after close yesterday.

[orinocor] 24/10/2016 16:36

Now at a 15% discount and a 5.3% yield. You'll struggle to find better than that in this market.

[spectoacc] 24/10/2016 09:45

That's odd - wonder why they'd deactivate it. If it was tradeable previously on ST then my theory about more potential sellers doesn't apply. Have sent them a message.

[jimcar] 24/10/2016 09:39

Yes, saw that EGL not tradable today on selftrade but it was last friday. Very strange.

[spectoacc] 24/10/2016 09:01

Looks like someone sold 200k at 120; a few smaller sells at 117p too. Just had a look at Selftrade to see what the RSPs offering, and ST still not even got it on their system. So anyone in EGL from ECWO days at Selftrade won't have been able to sell yet, so could still be a few sellers out there to come.

Yet to buy EGL - wary of the indebted utilities as a LTBH, & EGL seems to have a piece of most of them - but everything has its price. Back to 110p would be nice but no doubt I'll buy in higher. EGL seems to be continuing ECWO's general volatility.

Edit - bought a few. Patience didn't last long! Will look to buy more lower but not any higher I reckon.

[wskill] 24/10/2016 08:53

strange fall today cannot see any reason anyone topping up?

[shavian] 24/10/2016 08:51

EGL share price dropping back to the reconstruction price while the NAV continues to rise. Strange.

[larmor] 22/10/2016 12:31

Specto - I saw them both on Netflix. My elder son is a film addict and the subscription is one of his contributions to staying under my roof.

The rare occassions I here anything about commodities trading, especially pork belly futures I am reminded of Trading Places - hilarious!. I shall seek out Boiler Room, I think we all have an AIM horror story or two!