It do look grim. |
This is a classic "heading to the earth's core" chart formation. |
@playful they offloaded a big portion of it a while back which was a naff move imv as its was one of the most promising investments |
CNG doing well we have 3% of our portfolio in this from memory… |
Are there any renewables stocks doing well ? I dont think so, quite the opposite from what would be expected from a labour government, and the sad fact is that they are touting for inward investment into the UK. What a complete shower, dithering Milliband hasn't a clue. If established companies are buying up their shares thats to the detriment of investment capital. Labour dont appear to grasp the simple logic they need to provide the stimulus to boost investment and growth and sitting on their hands achieves the exact opposite. |
No solvency concerns, the 12% dividend is a hell of a buffer. Seen the SEIT GC statement.
Only concern is the end of subsidies when current lot expire, albeit 16 years away.
But unless we roll over to global warming something has to give. Backing the right team, who can navigate these futures uncertainties, should be highly profitable. And at 40% discount to NAV that's a great risk reward |
Surely at some point it's down to maths, they are buying back more of the company as the price falls. If they can sell another asset at anything near NAV and continue buying back then it becomes even more accruitive. |
But FGEN seems to be on life support. |
Makes me wonder what the end game is, as the buyback program doesn't seem to have any effect, except to create all time lowson a daily basis. |
The more they buyback the more they fall lol |
You might need something stronger than weed if the share price drops further! |
I am only here for their cannabis farm! Hopefully we’ll all feel like Pablo Escobar with what might come to fruition here and laugh about such days. |
Hmm. UKW got whacked as well and TRIG had a half million or so trade go through at 80.5p although that didn't affect the price.
Both of those now looking healthy |
wtf was that first thing this morning? Is someone confusing the two Foresight funds and thinks FGEN is XD when it's FSFL
Anyway I am now the proud owner of some more shares bought at 67p and below.
Crazy
(But I don't actually see much hope of a sustained rise unless UKW and TRIG can start dragging themselves upwards) |
FGEN are not forced sellers though, so no reason why they would need to sell off assets cheaply. There may be others in the sector that need to sell assets but not FGEN. The sales they have done seem to have been at decent prices, eg the AD sale last year was in line with book value. |
@riverman if assets are desirable they would buy the trust but they don't as they hold out for weak BoDs to sell out parts of the portfolio cheaply. Alternatively the market has got it right. Either way we lose which is why im sitting on the sidelines across the renewables sector despite the various double digit yield opportunities currently. |
The 10 year moving up again this morning too |
Agreed, think it'll come but perhaps only once things have settled. The way the ATL's keep coming on many, you'd not want to catch a knife. |
Surprised we've not seen more M&A in the renewable sector, similar to what we've seen in REITs. There are a lot of good quality trusts on massive discounts and we know there is strong institutional demand for these assets. I did well with ROOF buying just before the bid came through, but nothing else. FGEN would make an obvious target given its relatively small size. |
Still major sellers out there across the sector as they reallocate Depressing but not sure we are near the end of that process yet either |
It's only in August this lot made a disposal that valued £134M of assets at NAV (sold 51% of biogas AD at 68.1M). Hard to believe this is now yielding 11.5% and on a 39% discount. |
It's still a Director's buyWould you rather he not buy any at all? |
Bit embarrassing. |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
