Doesn't want to rally it seems. Bit of catch up required hopefully. |
Well if they needed more of a push on interest rates :-
GBP Construction PMI 48.1 53.5 53.3 |
Picked up a few on the back of the director buy and other infrastructure plays moving up a bit. Interest cut today will also help today if it happens. Seems extremely oversold. |
Has gone from 10k to 30k holding. Not sure when the closed period is. |
Small director buy too. |
My error, buyback continues |
It would seem that the buyback halted on Thursday last week, with approximately 18.1million shares in Treasury.Begs the question what's next for those shares? |
Thanks nickrl for your reply. I feel the same that it is very hard to tell with any confidence how these Its can maintain their payouts for some time in future and therefore appreciate others' thoughts. The market may be correct to value the more established and larger ITs like ukw and trig as more reliable. |
@riskreward the problem with these renewables ITs is they don't consolidate all the subsidiaries so the income is illusory to a degree as its generally a function of interest payments on loans from the holding company, loan repayments and dividends paid out from individual operating companies. How profitable each company is would mean raking through annual reports & accounts c80 of them!! which are always at least a year out of date. FGEN do give a few pointers in the reports as to how much income is generated across the portfolio which is largely from electricity sales.
Im still minded to have a nibble here but am concerned they are disposing of the "real" income producing assets to prop up the fish farm investment and fund the buyback. So am waiting for next set of results to see impact. |
A friend that allows Fentanyl and illegal immigrants across the US/Canadian border and China, a country stealing intellectual property for years and supplying precursor chemicals to Mexican drug cartels. Welcome to a world where a Political leader actually puts their country first.
For the record Donald Trump did not directly blame the plane crash on Obama's Diversity Hires, he spoke in general terms about the insanity of DEI initiatives particularly around flight safety. Try watching the actual statement he made rather than following the lemmings that believe the nonsense they are fed by the MSM.
wllm :) |
There are so many renewable energy ITs offering very attractive dividend yields and on huge discounts to NAV. I cannot trust the NAV as they can be anything that the fund management and their valuers happen to agree on. Plus the huge NAV discounts have the disadvantage that sharedholders pay the fees directly linked to it and may not get any benefits from it if it doesn't give a return like dividend to the shareholders. The more objective and real yardstick is the dividend and cashflow. I wonder what are people's view on how reliable are those dividends for the foreseeable future. How do you guys rank them in terms of your confidence in the dividends maintained or even increased in future, for the ITs like fgen, fsfl, nesf,seit,gsf,gcp, bsif, trig, enrg, ukw, grp etc? |
25% tariff on your friend (Canada), 10% tariff on your enemy (China) - welcome to the world of Trump, where a fatal plane crash on his watch can get blamed on "Obama's diversity hires", and both President and First Lady issue Meme coins to fleece the masses.
They appear very easily fleeced. They'll get it eventually.
Here's a dead cat. Plenty more to come.
FGEN - is the buy back over? Seems to have abruptly halted on Thursday. |
I know, its shocking nickrl, a Politician actually doing what they were elected to do. I'm heavily invested into renewables including here, but, these were struggling long before the brilliant President Trump got re-elected.
wllm :) |
Trump was always going to come in guns blazing and clear the decks then he will retire to his goaf course for the next four years inter dispersed with flashy state visits around the world. Back to here FGEN isn't in the US and potentially could be beneficiary from Trumps antics as i would suggest we will find even more downward pricing pressure on Chinese solar panel and inverters as they seek alternative homes for their significant production capacity. Of course its doubtful they are in a position to participate with the share price so depressed but debt mkt maybe still accessible. |
Blue today which makes a change. Hopefully we've seen the lows.
We are due a NAV update and a dividend declaration shortly (announced mid Feb last year). |
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. |
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