Share Name Share Symbol Market Type Share ISIN Share Description
Ecofin Global Utilities And Infrastructure Trust Plc LSE:EGL London Ordinary Share GB00BD3V4641 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -1.26% 157.00 182,358 16:35:23
Bid Price Offer Price High Price Low Price Open Price
156.00 160.50 158.50 157.50 158.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 5.81 5.48 28.6 147
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:23 UT 5,718 157.00 GBX

Ecofin Global Utilities ... (EGL) Latest News (1)

More Ecofin Global Utilities ... News
Ecofin Global Utilities ... Takeover Rumours

Ecofin Global Utilities ... (EGL) Discussions and Chat

Ecofin Global Utilities ... Forums and Chat

Date Time Title Posts
06/4/202019:22Ecofin Global Utilities & Infrastructure Trust303

Add a New Thread

Ecofin Global Utilities ... (EGL) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Ecofin Global Utilities ... trades in real-time

Ecofin Global Utilities ... (EGL) Top Chat Posts

Ecofin Global Utilities ... Daily Update: Ecofin Global Utilities And Infrastructure Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker EGL. The last closing price for Ecofin Global Utilities ... was 159p.
Ecofin Global Utilities And Infrastructure Trust Plc has a 4 week average price of 155p and a 12 week average price of 155p.
The 1 year high share price is 188p while the 1 year low share price is currently 107p.
There are currently 93,838,423 shares in issue and the average daily traded volume is 217,043 shares. The market capitalisation of Ecofin Global Utilities And Infrastructure Trust Plc is £147,326,324.11.
speedsgh: Portfolio Update (July 2018) - HTTP:// Manager’s comments: Political turmoil and ongoing Brexit-related uncertainties curbed the UK equity market’s progress during an otherwise strong month for equity markets. Global equity markets wavered when Trump raised the stakes in his trade war but, notwithstanding, the MSCI World Index rose 3.7% during July (total return in £). In the UK, expectations were scaled back for a near-term interest rate rise, helping sterling to a 10 month low against a US dollar which has been strengthening since April. The US economy registered robust growth in Q2, chivvied along by fiscal stimulus put in place earlier this year, and the 10 year benchmark government bond yield rose about 10 bps to 2.96% (reversing June’s decline); UK and German 10 year yields also increased (to 1.35% and 0.45%, respectively) with central banks generally reiterating a measured pull-back from easy money policies. Utilities in Continental Europe outperformed strong local markets but the opposite was true in the UK and the US where the sector lagged behind the broad averages by some margin in July. The MSCI World Utilities Index rose by 2.6% in sterling terms (2.1% in local currency (USD) terms). UK utilities declined by 3.2%, pressured by chaos in the Tory party and despite the £1.45bn bid for John Laing Infrastructure Fund (JLIF) at a 24% premium to the last share price before the announcement, while US and Continental names rose by 1.9% and 4.4%, respectively (all total returns in local currency). The Company’s NAV increased by 2.6% in July driven primarilyby gains in the Continental European portfolio. Power generators EDF, RWE and Draxperformed particularly well (+9-15%) as analysts revised their expectations for the impending first half results season in view of the strength this year to date in commodity prices (coal +3.5%; UK gas +44%; CO2+83%) and forward power prices (Germany +14%; France +7%; UK +36%). EDF’s results announced at month-end were indeed better than consensus forecasts; pricing conditions had improved, cash flow generation was strong, and guidance has been gently increased. UK utilities, apart from Drax, were weaker across the board further to the recent and unpopular increases in electricity and gas tariffs which reflect the companies’ higher energy supply costs. A flare-up of turmoil in the ConservativeParty was unhelpful too. In the North American portfolio, Williams Companies performed well given the commodity price backdrop, and so did Covanta, the sustainable waste management company which reported a very solid quarter, higher volumes and a jump in free cash flow. Yieldcos were the only weak link: Terraform Power surrendered the last few months’ share price gains and Pattern Energy’s share price dropped when the new Ontario government cancelled some new green energy projects mid-month. As it became clear that existing projects should not be affected by the new policy, Pattern Energy’s shares recovered fully by month-end. Notwithstanding, the position was sold and replaced with Public Service Enterprise Group (PEG). We appreciate the combination of PEG’s cash flow rich power generation segments with its regulated businesses which are growing faster than average. Although the portfolio does not have a formal benchmark, the performance of the Company’s NAV is naturally compared with the MSCI World Utilities Index. Although EGL’s NAV and the MSCI World Utilities Index both gained 2.6% last month (total returns), it is worth highlighting that the Company’s portfolio has a lower volatility profile than the MSCI World Utilities Index –the beta is 0.85 –so the Manager generated 40 basis points of beta-adjusted alpha in July.
speedsgh: Half-year Report - HTTPS:// 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.
speedsgh: Can someone please beat the share price back down to the 115p area. Need to add to my holding but I want a wider discount than is currently being offered.
spectoacc: 137.5p NAV having recently been 142p. Surprises me how volatile it is when they're not that geared. Then again - as long as they keep paying that divi, I'm not too fussed at either NAV or share* price. *then how come I look at it daily.
speedsgh: Portfolio Update - HTTP:// The Company announces that its review for the month of February 2017 is now available to view and download on the Company's web-pages at: HTTP:// Net Asset Value - HTTP:// The Company announces the unaudited Net Asset Value per ordinary share (inclusive of accumulated income) as at the close of business on 10 March 2017:- Net Asset Value: 137.72 pence The Net Asset Value has been calculated based on 91,872,247 ordinary shares in issue as at the above date.
speedsgh: £100k purchase by a Partner of the Investment Manager. Not an inconsiderable amount. Discount to NAV continues to widen. With NAV increasing, share price weakness suggests a seller in the background? HTTP:// The Company announces the unaudited Net Asset Value per ordinary share (inclusive of accumulated income) as at the close of business on 3 March 2017:- Net Asset Value 137.68 pence
orinocor: For 2017 i'm expecting a much more normal discount of 7% for a share price of 123p and a 5.2% yield. Adding on the 4*1.6p dividends to give an annual return of 17p (6.4p + 10.6p) which is 15%.
orinocor: The UK and Euro stocks are between flat and up 0.8% but the egl share price still bucks the trend and edges down. Thanks BTEM you idiots - just bought some more at under 111p.
orinocor: The US and Canada stocks up over 0.5% today Citywire have NAV of 132p now. I've been able to buy at very near the sell price recently so I think BTEM are still selling. Once cleared Id expect a more sensible share price.
shavian: EGL share price dropping back to the reconstruction price while the NAV continues to rise. Strange.
Ecofin Global Utilities ... share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Ecofin Glo..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200927 05:30:48