Ecofin Water&powr Opportunities Share Discussion Threads

[praipus] 10/10/2008 14:37

duplicate sorry

[clusium] 09/10/2008 12:18

Thanks, Praipus.

[praipus] 08/10/2008 15:59

Thought you might pick up on the ECWO mention. The last monthly report said 3.45%

[clusium] 08/10/2008 15:46

Someone buying ECWO - my oh my! Does anyone know the yield at this point?

[praipus] 06/10/2008 17:28

Well done Bangor cash is king. Poviding inflation is under control of course, and right now preferable to the losses on most stocks and shares for sure.

Over the long term having the ability to wait/survive is the key asmagliocco and like you I hold in hope that common sense and quality will out.

Utilico announced their results today. Interestingly they sold some ECWC shares and bought Ecofin Ordinary ECWO shares!



They also say inspite of recent declines they have compounded at approx 19%. Not bad when David Swensen of the Yale Endowment fame only manged 17%.

[asmagliocco] 04/10/2008 18:49

Hi,
Looks like you're cashing in a great overall profit so well done. The point about no more "safe havens" has some weight. Utilities are supposed to be one, and I suppose they haven't fallen as much as many other sectors, but for me they should be among the first of the "sound" investments to rise again (and rise well) when these awful uncertain times see their end. One or two very respected ex-fund managers are now calling the bottom, or nearly so. Who knows for sure? Nobody. But I can wait, so I shall hold on.

[bangor] 04/10/2008 17:03

Over the last few weeks I sold off all my remaining ECWC shares. It has been a great ride, as I started investing at 98.4p. They were a large part of my portfolio and showed how quality beats diversification. Basically I took this decision because I wanted some cash to cushion the current vagaries of the market.

Stocks are taking a battering and there are no safe havens. Best wishes to all who continue to hold.

[praipus] 26/9/2008 15:11

Ecofin Water & Power Net Asset Value(s)

RNS Number : 4436E
Ecofin Water & Power Opps PLC
26 September 2008


ECOFIN WATER & POWER OPPORTUNITIES PLC
It is announced that at the close of business on 24 September 2008, the un-audited Net
Asset Values per share of the above investment
trust company were:-
Income Shares: Net Asset Value: 98.92p per share (including undistributed revenue)
Capital Shares: Net Asset Value: 667.60p per share
Ordinary Shares: Net Asset Value: 180.13p per share (including undistributed revenue)
Gross Assets: £654,787,000
Loan Facility: £165,465,000
Net Assets: £489,322,000
Phoenix Administration Services Limited - Company Secretary

This information is provided by RNS
The company news service from the London Stock Exchange

END

[praipus] 24/9/2008 18:30

FSA short selling list

[praipus] 24/9/2008 10:36

EDF bid for BGY

[praipus] 23/9/2008 14:14

ENERGY

French Firm Raises Bid for Constellation

A French nuclear power company is upping the ante for Baltimore-based Constellation Energy Group, offering to pay $8.50 per share more for the company, which has agreed to be sold to a unit of Warren Buffett's Berkshire Hathaway.

Electricite de France, with private-equity firms Kohlberg Kravis Roberts and TPG Capital, offered to pay $35 a share for Constellation.

EDF called the offer from Berkshire's MidAmerican Energy Holdings inadequate, but Constellation chief executive Mayo A. Shattuck III said the company had accepted what it considered the best offer.

from

[praipus] 23/9/2008 14:09

Warren Buffet and EDF are fighting over Constellation Energy

[jackiewilson] 22/9/2008 10:50

Assets in above NAV priced on the 17th, which corresponded to the end of the world [as we know it]!

[praipus] 22/9/2008 10:19

Ecofin Water & Power Net Asset Value(s)

RNS Number : 8716D
Ecofin Water & Power Opps PLC
19 September 2008

ECOFIN WATER & POWER OPPORTUNITIES PLC
It is announced that at the close of business on 17 September 2008, the un-audited Net
Asset Values per share of the above investment
trust company were:-
Income Shares: Net Asset Value: 98.81p per share (including undistributed revenue)
Capital Shares: Net Asset Value: 667.07p per share
Ordinary Shares: Net Asset Value: 179.86p per share (including undistributed revenue)
Gross Assets: £639,208,000
Loan Facility: £150,531,000
Net Assets: £488,677,000
Phoenix Administration Services Limited - Company Secretary


This information is provided by RNS
The company news service from the London Stock Exchange

END

[praipus] 12/9/2008 14:34

Ecofin Water & Power Net Asset Value(s)

RNS Number : 3487D
Ecofin Water & Power Opps PLC
12 September 2008

ECOFIN WATER & POWER OPPORTUNITIES PLC
It is announced that at the close of business on 10 September 2008, the un-audited Net
Asset Values per share of the above investment
trust company were:-
Income Shares: Net Asset Value: 98.70p per share (including undistributed revenue)
Capital Shares: Net Asset Value: 746.40p per share
Ordinary Shares: Net Asset Value: 192.90p per share (including undistributed revenue)
Gross Assets: £685,878,000
Loan Facility: £159,984,000
Net Assets: £525,894,000
Phoenix Administration Services Limited - Company Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
END

[asmagliocco] 11/9/2008 19:05

Would have thought the no-windfall-tax tax news was beneficial for the sp, but then the UK interests are not so big I suppose.

[praipus] 05/9/2008 15:29

Ecofin Water & Power Net Asset Value(s)

RNS Number : 7735C
Ecofin Water & Power Opps PLC
05 September 2008

ECOFIN WATER & POWER OPPORTUNITIES PLC
It is announced that at the close of business on 3 September 2008, the un-audited Net
Asset Values per share of the above investment
trust company were:-
Income Shares: Net Asset Value: 98.58p per share (including undistributed revenue)
Capital Shares: Net Asset Value: 803.55p per share
Ordinary Shares: Net Asset Value: 202.22p per share (including undistributed revenue)
Gross Assets: £742,448,000
Loan Facility: £189,898,000
Net Assets: £552,550,000
Phoenix Administration Services Limited - Company Secretary


This information is provided by RNS
The company news service from the London Stock Exchange

END

[praipus] 04/9/2008 17:49

Had some trouble understanding the above announcement the following seems a bit clearer:-)

[praipus] 04/9/2008 12:40

Artemis selling some ords

Ecofin Water & Power Holding(s) in Company

RNS Number : 7394C
Ecofin Water & Power Opps PLC
04 September 2008

Form TR-1 with annex. FSA Version 2.1 updated April 2007


TR-1: Notifications of Major Interests in Shares

Ecofin Water & Power Opportunities
plc
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments which may result in
the acquisition of shares already issued to which voting rights are
attached
Yes
An event changing the breakdown of voting rights

Other (please specify):______________
Artemis Investment Management Ltd
3. Full name of person(s)
subject to notification
obligation:
Institutional Equity Income Fund
4. Full name of shareholder(s) P&O Pension Scheme
(if different from 3): Artemis High Income
Artemis Income
City of London Cash
City of London Pension
BHS Senior Management
BHS Pension Scheme
SAUL
Charities Pool (COL)
L&G Barclays Income 1
HSBC UK Equity Income
BBC Pension Trust
Hampstead Heath (COL)
L&G Barclays Income 2
MT Income Fund
1 September 2008
5. Date of transaction (and
date on which the threshold is
crossed or reached if
different):
3 September 2008
6. Date on which issuer
notified:
12%
7. Threshold(s) that is/are
crossed or reached:



8: Notified Details
A: Voting rights attached to shares

Class/type of shares Situation previous to Resulting situation after the
triggering transaction
If possible use ISIN code the triggering
transaction



Ordinary 0.1p Shares
Number of shares Number of voting Number of shares Number of
voting Percentage of
rights rights
voting rights

Direct Indirect Direct
Indirect
GB00B09LK252 23,576,676 23,576,676 23,576,676
23,576,676 11.55%




B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument Expiration date Exercise/ conversion No. of voting rights
Percentage of voting
period/date that may be acquired
rights
(if the instrument
exercised/converted)





Total (A+B)

Number of voting rights Percentage of voting rights
23,576,676 11.55%



9. Chain of controlled undertakings through which the voting rights and /or
the financial instruments are effectively held, if applicable:


Proxy Voting:

10. Name of proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:


13. Additional information: Phoenix Administration Services Limited is the
Company Secretary for Ecofin Water & Power
Opportunities plc

14 Contact name: Phoenix Administration Services Limited

15. Contact telephone name: 01245 398950

This information is provided by RNS
The company news service from the London Stock Exchange

END

[praipus] 03/9/2008 15:16

Ecofin Water & Power Net Asset Value(s)

RNS Number : 6327C
Ecofin Water & Power Opps PLC
03 September 2008


ECOFIN WATER & POWER OPPORTUNITIES PLC
It is announced that at the close of business on 31 August 2008, the un-audited Net Asset
Values per share of the above investment trust
company were:-
Income Shares: Net Asset Value: 98.54p per share (including undistributed revenue)
Capital Shares: Net Asset Value: 820.28p per share
Ordinary Shares: Net Asset Value: 204.81p per share (including undistributed revenue)
Gross Assets: £747,535,000*
Loan Facility: £187,483,000
Net Assets: £560,052,000
Phoenix Administration Services Limited - Company Secretary


This information is provided by RNS
The company news service from the London Stock Exchange

END

[glynnef] 02/9/2008 14:31

ECWC should benefit from the current strength of US$ and Euro against the £ sterling. 28% of the portfolio is in the US, and 39% in euroland.

there are some significant borrowings in USD offsetting exchange rate movements £/$, but not much in euros. See extract below from note 22 of the latest accounts.

"The value of the Company's assets and the total return earned by the Company's Shareholders can be significantly affected by foreign exchange
movements as some of the Company's assets are denominated in currencies other than sterling, the currency in which the Company's accounts are
prepared. The risk is partially offset by the Company's foreign currency borrowings.
Over the year, sterling strengthened against the US Dollar by 0.81% (2007: strengthened by 13.08%) but weakened against the Company's other
principal investing currencies the Euro, by 14.73% (2007: strengthened by 2.80%), and the Japanese Yen by 14.58% (2007: strengthened by 13.16%).
A 5% rise or decline of sterling against foreign currency denominated (i.e. non-sterling) assets held at the year end would have increased/decreased the
net asset value by £22,454,000 or 4.31% (2007: £17,399,000 or 3.45%)"

regards,
GF.

[glynnef] 01/9/2008 12:15

ECWC mid-price now at a big 17.5% discount to NAV. ECWO also at 16.5% disc. If I did not hold enough ECWC already, and some ECW, I would be buying more. But too much in one commercial stock is too risky for me. Reproducing Linhur's comment from the AGM below, the directors clearly realise they need to raise some cash to repay ECW and the likely cashing-in of ECWC shares in 7 months time.

"Chairman said there would be a review of the share structure early in 2009 in the lead up to the repayment of the Income shares and capital share conversion/repayment. It was noted that the Co had a gearing (40% currently)at the low end of their normal range (40-60%). So if market conditions are suitable I would expect more funds to be raised next April."

[praipus] 01/9/2008 11:54

Ecofin Water & Power Net Asset Value(s)

RNS Number : 3389C
Ecofin Water & Power Opps PLC
29 August 2008


ECOFIN WATER & POWER OPPORTUNITIES PLC
It is announced that at the close of business on 27 August 2008, the un-audited Net Asset
Values per share of the above investment trust
company were:-
Income Shares: Net Asset Value: 98.47p per share (including undistributed revenue)
Capital Shares: Net Asset Value: 810.38p per share
Ordinary Shares: Net Asset Value: 203.02p per share (including undistributed revenue)
Gross Assets: £730,199,000*
Loan Facility: £175,132,000
Net Assets: £555,067,000
* After provision of £648,465 in respect of a first interim dividend for the year to 31
March 2009 in an amount of 2.0p per share on
32,423,253 Income Shares, declared on 25 July 2008 and payable on 29 August 2008 to holders on
the Register at 8 August 2008 (ex-dividend 6
August 2008).
Phoenix Administration Services Limited - Company Secretary


This information is provided by RNS
The company news service from the London Stock Exchange

END

[clusium] 30/8/2008 07:10

Praipus - apologies for not replying. I can't remember if I ever held AUG but don't now. I failed to mention what has been a useful purchase some time ago in IDOX. I am hanging in there with ECWO, expecting squalls from regulators, the absorption of the caps and things generally. Dividend yield is looking reasonable and, as you point out, long term it could become a useful vehicle.