Greencoat Uk Wind Share Discussion Threads

[marksp2011] 23/1/2024 16:41

Type of assets, age at the time of purchase, the technology employed and, different assumptions

UKW doesn't need to cut it fine....big revenues. I think they are the most conservative of the alteratives hence I have 20k of these and similar of BSIF

[topvest] 18/1/2024 20:10

I am doing some analysis of alternatives - can anyone explain the materially higher discount rate and dividend cover at UKW versus TRIG and the others? Thanks in advance.

[fwatson] 17/1/2024 20:13

Any information regarding Schroders and possible Toucan solar acquisition? I'd imagine I'm being pretty optimistic in thinking that such a merger would incorporate greencoat uk wind shares... any info or thoughts?

[yump] 11/1/2024 14:56

-7 and 14mph = windchill = stay in house and read a good book ;-)

[cc2014] 10/1/2024 14:16

According to my Google weather app for my location we have a cold spell coming up.

Thursday 18th shows a minimum temp of -7 and max of -2 with Friday 19th no better at a range of -8 to -2.

wind 14mph on the 18th but a measly 4mph on the 19th

[nickrl] 10/1/2024 12:56

Nuclear stations are offline for planned mtce/inspections although somewhat surprising it ends up in January but these are statutory so don't have much choice unlike other stations where they can take an engineering judgement. As wind forecast is lower tonight and if i/c's follow last two nights trend going to have call on all the expensive kit so that will push up reference price.

On UKW still trying to work out whether its UKWs brokers hoovering up shares on a daily basis is all that is keeping share price up?

[rolo7] 10/1/2024 12:19

not really we were helping france out last night, but agree the nuclear power stations is a worry, good old drax biomass though, solar in day to.

[marktime1231] 10/1/2024 12:06

We could be about to see another price spike, a cold spell with not much wind blowing and four of our older nuclear reactors suddenly shutdown because of a leak. We have plenty of gas, LNG tankers queueing up, but we are close to maxxing out our capacity to generate electricity. Could be set for another of those "flexibility" events where households on smart tariffs are invited to sit shivering in the dark at teatime. Relying on France to help us out. Who would have thought it in 2024 what a shambles.

[yump] 04/1/2024 09:52

Certainly had enough storms to keep the wind up.

Reminds me of this:

[marktime1231] 03/1/2024 17:39

Getting excited at the prospect in a few weeks of UKW announcing the bumper Q4 dividend lighting up the share price, we may even get some reasonable NAV and trading news at the same time.

[ramellous] 21/12/2023 09:44

Another new record this morning.

New wind power records are set regularly, and between 9:00am and 9:30am on 21st December 2023 British wind farms averaged a record 21.81GW of generation.

[ramellous] 20/12/2023 18:25

New U.K. wind generation record this evening.

New wind power records are set regularly, and between 5:30pm and 6:00pm on 20th December 2023 British wind farms averaged a record 21.71GW of generation.

[2wild] 13/12/2023 21:19

Except of course UK pensions only hold about 4% in UK equities. Lots of UK utilities are also subsidiaries of foreign companies some of which are owned by foreign governments

[yump] 13/12/2023 20:41

Well its always possible that given Labour’s moaning about the poor strikers, that they will come in and allow large public sector pay rises, fuelling an inflation that may well have only dropped to say 5% and reigniting the BOE increasing interest rates again.

Plus they have repeatedly moaned about dividends being pocketed by shareholders in utilities, as if they’re totally unaware of whose pensions are the final beneficiaries.

So I wouldn’t want to guess at the potential damage to my income investments.

It will be tempting to sell up if they recover as rates fall and are in decent profit after the March ‘24 dividend payments, but before the conclusion of the election.

Is there any reason that Labour would be beneficial to the market? They’ve even mentioned publicly owned renewable businesses, so where would that leave confidence in the renewable trusts that we hold ?

[marktime1231] 13/12/2023 19:46

Happy with the aggressive buyback announcement as a signal that the Board are sure the share price in the low 130s was an extreme undervalue, both of assets and income. Coupled with some healthy director buys it did the trick.

I'm just annoyed at the manager saying the share price is what it is and be patient, me being touchy and impatient because it has stuck around 145p. We have no idea who is selling or why, but given the wide discount and the attractive yield it can't be serious investors. And yet here we languish. Despite recently completing the committed investment in Kype Muir Extension, which must have been NAV and income accretive.

No-one has any real idea who will form the next government, a year is a heck of a long time in politics, so don't be a fool. We have even less idea whether a change would be good or favourable.

[chrissnox] 13/12/2023 14:55

Re the buyback you should reflect on the fact that:
1) It is relatively small. £100m = 3% of the m.cap. Expectations of a huge spike in the stock price is highly unrealistic given the order size. The buyback is literally an indication that the Board considers the stock cheap - but a 3% BB isn't going to cause the price to run away and the Board obviously know that.
2) The impact is not only to be judged by the share price, but needs to take into account that buying stock back at a discount it is accretive to NAV / share - but again a 3% buyback is not going to be massively enhancing.
3) Mopping up any loose demand is helpful and the price might be slightly weaker in the absence of the buyback. Any sellers at this discount level are clearly loose s/holders and unable / unwilling to take a 1-2 year view - and would otherwise cause the price to drift downwards slightly. Selling at this point in the bond yield cycle and prior to a highly likely change to a more favourable government next year is clearly relatively short term thinking.

[marktime1231] 12/12/2023 11:55

Pretty sure it is Stephen Lilley not Steven Lilly.

Is he conceding that the buyback has not worked, share price stuck at 145p, and it would be better in future to reinvest any surplus cash in to assets? All very well being told to be patient because there is nothing management can do to stop UKW being under-valued, but if it is all beyond their control it does make me wonder what we (Schroders) are paying them for.

Time for a refresh, Fumigalli first to go then Lilley? How about trimming fees, which are relatively high for minding a bunch of mature high value assets?

OK, that may be an over reaction, but it grates when the people we pay to preserve the value of our investments say it is what it is and there is nothing we can do so just be patient.

[tuftymatt] 12/12/2023 09:08

Lilly believes the market has not fully appreciated the combined value of Greencoat's dividends and reinvestments but says Greencoat UK Wind is "well placed... so we're not unduly worried - we just have to be patient."

Happy with that and good luck all 👍🏻

[igoe104] 12/12/2023 08:24

Steven Lilly interview.

[r9505571] 02/12/2023 09:55

https://stocks.apple.com/A50UBBRQtQymVBbHpcs9ASg

[igoe104] 22/11/2023 19:13

Good news for renewables in the budget.

New projects will be exempt from Electricity generator Levy from today..

[r9505571] 16/11/2023 18:23

https://stocks.apple.com/AQnAuEDqITjG7K0A7_aZpEA

[r9505571] 16/11/2023 15:44

Offshore wind developers are to be offered contracts in auction next year guaranteeing them a fixed price of £73 per megawatt-hour (MWh), up from £37.35/MWh awarded to projects that won contracts last year. Pg 36 of todays Times.

[marktime1231] 15/11/2023 12:50

The standing charges are awful as you say, the electricity one really jumped didn't it. They punish households for being energy efficient. Also set via an OFGEM cap. I think they are supposed to pay for the development of infrastructure, and so on. But the more which goes on the standing charge the less competitive the market is via tariffs.

The wholesale system is not working, all the retail challengers have gone bust. No wonder the govt are looking at market reforms via the REMA consultation which, as nickrl and others have warned, may dent UKWs earnings outlook and NAV. I vote we abolish OFGEM, an expensive shambles.

Great response from UKW share price to news that UK CPI is plunging, the chance of a return to 160p in the next few months is looking reasonable. On the other hand it means yield here has dropped under 6% and looks relatively pedestrian. The snap buyback has probably helped the share price recovery but with the discount back in single figures the case for it has diminshed.