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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Greencoat Uk Wind Plc | LSE:UKW | London | Ordinary Share | GB00B8SC6K54 | ORD 1P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
---|---|---|---|---|---|
137.70 | 138.00 | 138.10 | 136.70 | 136.90 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 234.38M | 126.19M | 0.0548 | 25.13 | 3.17B |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
---|---|---|---|---|
18:00:09 | O | 3 | 137.90 | GBX |
Date | Time | Source | Headline |
---|---|---|---|
18/3/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
15/3/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
14/3/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
13/3/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
12/3/2024 | 14:00 | UK RNS | Greencoat UK Wind PLC Director/PDMR Shareholding |
12/3/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
11/3/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
08/3/2024 | 14:00 | UK RNS | Greencoat UK Wind PLC Director/PDMR Shareholding |
08/3/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
07/3/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
Greencoat Uk Wind (UKW) Share Charts1 Year Greencoat Uk Wind Chart |
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1 Month Greencoat Uk Wind Chart |
Intraday Greencoat Uk Wind Chart |
Date | Time | Title | Posts |
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14/3/2024 | 11:04 | GREENCOAT UK WIND | 958 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
---|---|---|---|---|
2024-03-18 18:00:23 | 137.90 | 3 | 4.14 | O |
2024-03-18 18:00:23 | 137.47 | 53,398 | 73,406.23 | O |
2024-03-18 18:00:22 | 137.90 | 2 | 2.76 | O |
2024-03-18 17:50:59 | 136.91 | 7 | 9.58 | O |
2024-03-18 17:49:07 | 137.62 | 500,000 | 688,120.00 | O |
Top Posts |
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Posted at 18/3/2024 08:20 by Greencoat Uk Wind Daily Update Greencoat Uk Wind Plc is listed in the Finance Services sector of the London Stock Exchange with ticker UKW. The last closing price for Greencoat Uk Wind was 136.80p.Greencoat Uk Wind currently has 2,304,214,116 shares in issue. The market capitalisation of Greencoat Uk Wind is £3,172,902,838. Greencoat Uk Wind has a price to earnings ratio (PE ratio) of 25.13. This morning UKW shares opened at 136.90p |
Posted at 01/3/2024 13:41 by marktime1231 The hold co and spv structure is pretty complex, my attempt to read through the detail of the report yesterday evening didn't get very far, will try again.I did note that the buyback is running at a pretty slow rate, only £20M of a possible £100M spent after 4 months. There is a chance that, if the share price recovers strongly, they might reallocate the money, the report does stress they are continuously looking closely at how best to allocate capital. The pressure to run the buyback remains high until the discount closes to 10% which is now around 148p. They do however seem to have a good handle on all the group debt, a lot of which is non-recourse and on long term low rates. It is the flexible finance facility which needs paying down. Given there is already a Capital Markets event scheduled for early May, could they be thinking of a further raise to take advantage of the good offers they say keep coming their way and perhaps reduce the gearing? All depends on the share price and discount to NAV no doubt, not much point reissuing shares at 138p if you have just bought them back at 142p. Meanwhile even a token £50M or so allocation of free cash to group debt reduction would sit well with those bothered by that. Personally in this particular case of UKW I am not so worried and bold accretive expansion is fine with me. Also, while the headline debt is in your face and reduction would be welcome, the spv debt is amortised eg older onshore projects are being paid down slowly over their lifetime I think at about £50M per year across the portfolio. The opportunities, apart from the obvious market price for energy, include life extension and better wind conditions having had three poor years in a row. We don't get a trading update to tell us how things are going year-to-date unfortunately, but we are due some upside on generation. |
Posted at 29/2/2024 13:42 by marktime1231 A sense that there is underlying progress in UKW and more to come, but not linear, the occasional sharp step back. The results today deserve a better response, should be back in the 150s at least. Surplus cash from peaky prices has been very wisely invested and they have boosted returns, including an understandable snap buyback. The fundamentals remain really positive, including the HUGE divdend which landed this morning.Will be reading the detail of the report in slower time, a quick scan didn't spot anything especially new or of interest. I am assuming cashflow continues to produce a healthy surplus, until higher interest costs kick in, so long as the wind blows. We can increase generation or reduce debt or cancel shares depending on the relative merits eg what the share price does, while sustaining excellent dividends. |
Posted at 10/1/2024 12:56 by nickrl 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? |
Posted at 15/11/2023 12:50 by marktime1231 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. |
Posted at 26/10/2023 12:31 by marktime1231 The board sharing our frustration at the wide discount to NAV, which has held up at 166p thanks to the most recent acquisitions. Emphasising the quality of cash flow, covering the previous dividend x 2, and that was before the latest additions added 10% to income generating capacity.A canny move then to announce a "special" dividend uplift to 3.43p in the next quarter, when the coffers will be overflowing. 10p next year is 7.5% on a 130p share price when it was announced, and puts UKW firmly in the high yield bracket. And an immediate buyback, a modest c. 3% of capital but will add more than 10% to typical daily trade. That is impressive total return for not much risk. I'm sure the UKW board would like to continue adding assets from free cash flow when choice targets become available. I suspect even after today's announcements there could be around £100M pa surplus, but not so much borrowing headroom perhaps. So I don't think this signals the end of ambitions to expand, but for now the priority is to try and restore shareholder value. Let's hope this stimulates a share price recovery, if not from institutions then retail investors, surely UKW will be top of the tips this weekend. |
Posted at 26/7/2023 11:55 by marktime1231 Hard to disagree with fund manager Stephen Lilley. The ability of UKW to progress dividend with inflation is assured because of the index-linked price of wind energy. The discount to NAV in the current UKW share price is unreasonable, and the way to respond to that is to buy more.He needs to convince those long-term investment institutions currently run to cash or bonds that the level of gearing is not a problem. UKW is solid so long as the wind blows, the ESO doesn't curtail wind farm output in favour of cheaper imports, and Greencoat don't get tempted in to risky or troubled developments. If we flirt with 140p again I will be happy to add some more. |
Posted at 18/11/2022 17:29 by marktime1231 Strong finish UKW share price back to about par with NAV.Good to see wind power continuing to contribute strongly to the generation mix, allowing net export to Europe. UKW operating performance might be ahead of budget in the months before the Electricity Generator Levy, a supertax on super-profits which sounds better than Rees-Mogg's cost-plus-revenue idea. So we already had a £6.6B energy efficiency budget to 2025. Who knew? A future extension of £6B to come, and an Energy Efficiency Taskforce / csar to deliver 15% demand reduction from buildings (mostly the government's own?) and industry (we still have some?). Reducing average or peak demand by about 5GW by 2030. Well at least with a target and someone in charge of delivering it there is a chance of progress, but this sounds different from subsidising domestic insulation and heat pumps. Not too sure why the govt are targetting demand reduction though, we the consumers have all already done our bit and more with home and appliance improvements, rooftop solar etc. Average intermittent renewable generation will grow around a third or 10GW by 2030, we will have an increasing surplus when the wind blows and the sun shines. Just as well, the rise of EVs means an overall demand increase of around 10%. I imagine demand will rise further with supply, otherwise the new wave of generators will be in trouble. There will certainly be new demand for air conditioning with more Summers like this one. I would like to have heard more about the "security" bit of the govt priority of delivering energy security. More than investing in Sizewell C to replace old nuclear. So what then ... not more interconnectors surely. No mention of new hydro or battery storage that I heard. Maybe we need to hear from an Energy Minister (who is?) rather than the Treasury. |
Posted at 30/9/2022 17:13 by marktime1231 Blowing a gale can't be bad for business. Surprised UKW share price hasn't recovered to NAV which must be up around 156p as we end Q3? Already fully invested way back but I agree this is cheap at the moment for anyone looking to top up. |
Posted at 06/10/2021 10:26 by marktime1231 The UKW share price continues to ignore the double plus good news of the wind blowing strongly around Britain again while day-ahead energy prices are averaging £150 / MWh and rising, twice the budgetted level. The difference this is going to make to the financial outturn is huge, no wonder management have been adding expensive looking capacity. The crisis being caused by natural gas demand outstripping supply, a squeeze from Russia, disrupted import from France nuclear surplus where they are having a strike anyway ... bad news for some, good news for others. Energy storage and balancing must also be having a field day. |
Posted at 23/9/2021 12:33 by marktime1231 I wonder what can have caused the recent spike and fall in UKW share price.Appreciation that steadily increasing its portfolio generation assets will be driving income, baseload energy prices up x2 from this time last year, more than offsetting light winds. But the cost of acquiring new assets must be going up, and the money for the next round of expansion might have to come from another big share issue because gearing is already at the top end of its intended long-term 20-30% range. Thank goodness the wind has started to blow again, a breezy winter will be good news just as the newest wind farms come on line, and take some heat out the wholesale market. |
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