Interesting post together with the link.I also hold GSF which you mentioned,their future also seems to be a tad hazy to me, although they are progressing well with their Big Rock project and fortunately like FGEN are still paying dividends.It seems that the general consensus is that we will just have to wait for sentiment to improve and thus a sector recovery.As ever patience is a virtue, however DJT has his own personal version of patience as witnessed in his first week in office, where inSilverstone vernacular he has been FLOORING IT! |
Having shares across a slew of renewables I'm wondering like many here which is/are the safest to average down. My view, fwiw, like Hastings, is that Trump is playing a populist Canute (though of course the historic figure was actually trying to suggest the very opposite!) if he thinks that "drill Baby Drill" is the future of the planet, such as it may be by the time he's finished with it. The question is, how much damage can he do to US renewables via his reversal of the IRA and indirectly, to the companies represented in our folios, such as GSF, which have material US interests.
I'm assuming that FGEN is among the best placed to ride this out, given its umbrella universe of investments? |
Trump's dissing of renewables will play into the hands of the countries that are pressing ahead with them (including China - well played Donold!), to the detriment of America. So my interest in renewables stocks/funds is based on which ones best bypass his impact and best exploit the tidal flow that the rest of the world will be fully exploiting. It's a shame that some of the funds/trusts whose investments are elsewhere are listed on a US market where they might be marked down. Which are the best ones not US-listed?
Downing Renewables? (DORE) |
Despite the current noises and policies emerging from the US renewables and alternatives to fossil fuels will only increase.Despite its coal activity it is worth noting that China is expected to account for almost 60% of all renewable energy capacity installed worldwide between now and 2030.The current UK Government is obviously all at sea, but I believe the sector will (as in IT's) recover. In the meantime, the dividend here is extremely chunky and will continue to be maintained as stated by the board.Patience clearly required though as sellers and negative sentiment persists. |
@ghhghh why does the trust have to sell assets just because Trump has gone anti renewals? Yes it potentially makes the trust undesirable to US investors and they sell down but I doubt the majority of those entities really bother with what Trump says they will just look at the opportunity.
Im not in here yet am tempted at these levels but ive piled into several ITs from renewable and REIT sector over last 6mths just see them continue to fall so until sentiment improves am sitting on the sidelines. Im also continue to be unconvinced by buybacks by almost any IT as its largely achieved nothing. |
Surely the BOD will/ might update us as to what their future plans are for this Trust,or are they content to see the share price in free fall and as you say head to the core, very concerning as all we hold is the Paper, in my case SHED LOADS! |
It looks like time to back up the truck! Aside from it's a falling knife.
I suspect there are a lot of Trump inspired redemption calls and as always funds have to sell what they can.
Unless you suspect fraud (spread across the whole renewables sector) then relax, this is a very diversified portfolio.
Famous last words but the sun will shine again, and hopefully with a bit of wind! |
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. |
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