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Share Name | Share Symbol | Market | Stock Type |
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Ecofin U.s. Renewables Infrastructure Trust Plc | RNEP | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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32.50 | 32.50 | 32.70 | 32.70 |
Industry Sector |
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MEDIA |
Top Posts |
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Posted at 17/6/2024 13:22 by hugepants Divi announcementNAV now 62.6p As announced on 8 September 2023, the Board has been undertaking a review of the Company's strategy -- focusing on a sale of the Company's assets. If successful, the sale of assets is expected to result in cash being returned to Shareholders in connection with a winding up of the Company. Marathon Capital ("Marathon"), financial adviser to the Board, has conducted a wide-ranging exercise to identify potential buyers for the Company's portfolio of assets. Specific discussions and negotiations are ongoing but have been taking longer than anticipated.. |
Posted at 29/4/2024 12:56 by hugepants Final Results.Not much new I can see. No clarity on size of dividend going forwards. "...The review is ongoing and has taken longer than expected. As part of the review, Marathon has conducted a comprehensive and wide-ranging exercise to identify potential buyers', appetite for the Company's portfolio of assets. This process has resulted in specific discussions and negotiations taking place which, hopefully, will soon be drawing to a conclusion..." |
Posted at 15/2/2024 14:32 by hugepants Q3 updatedividend NAV 85.2 cents or 67.7p So discount currently 32% and 47% upside to NAV. They seem to be making some progress on sale of company. "...As part of the Strategic Review announced on 8 September 2023 (RNS Number: 7853L), Marathon Capital ("Marathon") is acting as financial adviser in relation to a potential sale process for the Company's assets which, if successful, would result in an expected return of cash to shareholders, in connection with a winding up of the Company or similar transaction. The Company and Marathon continue to make progress and the Board will make further announcements when appropriate." |
Posted at 04/5/2021 06:33 by jonwig NAV $0.9906, divi 0.4c forfirst quarter. And:The Board is also pleased to provide several positive developments with respect to the Company's portfolio and investment pipeline. RNEW has committed approximately $6 million to acquire a commercial-scale ground-mount solar project in New Jersey with contracted revenues for 30 years. The closing of this acquisition is subject to certain conditions which mitigate risk for RNEW, including completion of mechanical construction expected in August 2021. This project will extend the term of RNEW's contracted revenues from investment-grade counterparties whilst also diversifying its asset base by location. Following this transaction, RNEW will have committed or invested approximately 55% of the IPO proceeds. The Company's Investment Manager reports that its near-term (6 month) pipeline of potential investment opportunities remains strong and totalled $4.9 billion as of 31 March 2021, an increase of $1.6 billion since 31 December 2020. Moreover, the wind pipeline expanded from circa $300 million at year-end 2020 to more than $1.5 billion by 31 March 2021. The Investment Manager is currently pursuing near-term wind and solar investment opportunities that offer the potential for the Company's portfolio to be substantially invested in the coming months. The Investment Manager is focused on execution and the Board remains confident about fulfilling its target to fully commit the Company's IPO proceeds in 2021. |
Posted at 22/12/2020 07:34 by jonwig Shares issued at $1 under ticker RNEW.Quoted in sterling at 73.48p under ticker RNEP. Dealings commence today. Since the assets are USD, the sterling shares will carry exchange risk and probably be more volatile, as the daily exchange rate could move around quite a lot. |
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