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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ecofin Wtr.Cap | ECWC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 460.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 460.00 | 460.00 |
| Top Posts |
|---|
Posted at 23/4/2009 16:10 by praipus With the dividend having sold some ECWC and made market purchases of ECWO, it works out approximately 15% (by my very unreliable methods) better than converting too. Even with costs (charges, stamp duty and spread). The risks being the market which we accept by default anyway or enough shareholders tendering to force an asset sale probably all a worse case scenario and making those that tender justifiably content. By holding to convert some ECWC I think I am not trying to beat the market or predict what will happen and that gives me some comfort...though not much at the moment. |
Posted at 22/4/2009 11:58 by praipus Read recently that after the Great Crash of 1929 stock prices were 50% below their highs. In the following two years they dropped a futher 80%. Read somewhere else utility stocks are under pressure now as investors sell defensives to buy bank and commercial property shares. Converting as well as having sold some ECWC to make market purchases of ECWO. |
Posted at 10/4/2009 13:50 by asmagliocco Yes, the bonus shares are a sweetener that's hard to ignore for anyone willing to stay invested in the sector and with this proven company. FWIW (for I really am a small-scale investor), I'm minded to convert all my ECWC to the ordinaries, unless of course I hear a convincing case for not doing so... |
Posted at 09/4/2009 08:23 by clusium And the next question is: if you sold your ECWC, would you but ECWO? |
Posted at 08/4/2009 19:26 by ianbrewster If my calculations are correct, then converting ECWC doesn't make much sense either.If I convert my 1000 ECWC, I get 3138 ECWO Selling ECWC and buying ECWO, I get 3407 Tendering ECWC and buying ECWO, I get 3591 at today's prices and 3rd April NAVs (152 & 476) Is there a flaw in my logic ?? |
Posted at 06/4/2009 16:08 by glynnef details of the capital reorganisation / conversion offerWhy would anyone convert ECW to ECWO at 148p when the current price in the market is 125p offer? I appreciate this thread is largely for ECWC holders, for whom conversion makes more sense. I held ECW for the 8%+ divi and it has held its capital value nicely, but sold my last ECWC some time ago. GlynneF |
Posted at 04/2/2009 16:50 by praipus GlynneF posted this on one of the JDT threads:"GlynneF - 4 Feb'09 - 14:53 - 4241 of 4241 Ecofin are due to make a tender offer for the income shares at £1 and the capital shares at 97.5% of attributed NAV on 31st March 09. If everyone wanted to sell, they would have to find around £100M. The other option is to convert to ordinary shares. Does anyone have a view as to whether they could raise £100M ? or £50M ? I only hold ECW by the way - ECW ex-div today, but another 2.8p divi due." |
Posted at 26/12/2008 12:01 by bangor Hi to Praipus and all the thread stalwarts - hope you are having a great Xmas and New Year break.At the end of the year I take stock of my calendar year performance. It's a useful discipline for me. I don't normally post on threads where I don't hold, but miss the civilised and knowledgeable banter here. (I sold out at various prices around the mid 600s.) Had I held ECWC I would be down around 42%. I sold off a bunch of other commodity related stocks (CED, AIGA, BG, VPC etc) well below their peak but above current prices. I held on to gold and silver stocks and ETFs, including some small caps who are so battered selling is pointless, now being almost 50% in cash. Now to get to the point - my stocks are down 32% and total assests around 25%. Yet it started so well, with record gains posted by March 08. As Warren Buffet once said, the year would have been better spent sneaking off to the movies. Fortunately retiring is some way off so I hope I have time to recover from this set-back. For the future - what are you all planning? When I polish my crystal ball further falls loom and cash is king so I may sell rather than buy shares. Despite immediate deflation I can't interest myself for gilts and bonds. I favour precious metals over base metals. Just as I dropped dot.com shares in 2000 after a good ride, I hope to lessen my dependance on utility and commodity stocks next year. Now seems a time to preserve wealth rather than increasing it. I'll stop here as I am rambling, but hope you have not fared too badly and I'd be interested to hear some thoughts. |
Posted at 02/11/2008 20:56 by praipus From a portfolio perspective some say you should subtract your age from 100. The result being the % to invest in equities and your age the % to invest in bonds.Utility equities are considered by many institutions to sit between bonds and equities in terms of risk. In the example above I mean the term bonds to refer to government bonds or gilts. Not corporate bonds. The trouble for me with Bonds is that some of my early ECWC holdings are up 975%, though I also bought some at £8.70, £7.40, £6 and £4.40 more recently so down over 50% overall! Gov bonds/gilts at 4.63% interest/yield would take me 210 years to achieve anything like the same return as the early purchases! Though compared to the later purchases bonds would be much better. In fact I think someone posted here suggesting moving into bonds when ECWC was £7 if I had done that I would be a bit better off today. |
Posted at 03/7/2008 16:20 by glynnef As the end of life of ECW and ECWC is now less than 9 months away, and there is a conversion option for ECWC due this month, these events have to start having an impact on share prices.ECWC trades today at about 20% discount to reported NAV, but ECWO trades at only 15% discount. So a conversion offer this month should narrow the difference between these discounts. As far as I can see, the attributable NAV for ECWC on conversion is virtually the same now as the frequently reported NAV. More interestingly, in April 09 the company is to offer to buy back ECWC shares at 97.5% of attributable NAV - a much higher price than the current share price. At current valuations, if all the ECWC holders want a cash repayment in April 09, the company would have to find about £178M to repay them as well as the ECW holders. Where would they get it ? But all in all, ECWC looks cheap to me. I hold ECWC and ECW. regards, G. |
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