Greencoat Uk Wind Share Discussion Threads

[stewart64] 20/1/2020 09:06

That's my purchase gone through at 8:59. Now watch them launch a sub IPO at 140. Still it's 8p off the year high and a forthcoming dividend will hopefully cushion things a bit.

[zero the hero] 29/10/2019 07:25

Nav slightly down on one RNS and Tim resigning on another. Could weigh on the share price for a bit. Still remains above this time last year though.

[igoe104] 16/10/2019 17:02

Good to see you here malcolm, these are in a strong growth sector, so these should keep steadily rising. Divi not bad either.

[malcolm40] 16/10/2019 16:56

Bought some and up they go! Good.

[igoe104] 11/10/2019 07:33

Acquisition of Glen Kyllachy Wind Farm

Greencoat UK Wind PLC ("UKW") is pleased to announce that it has entered into an agreement to acquire the Glen Kyllachy wind farm from Innogy Renewables UK Limited ("Innogy") for a headline consideration of £57.5 million, to be paid on completion. Construction of the wind farm is ready to commence, with the transaction targeted to complete in October 2021, once the wind farm is fully operational.

Glen Kyllachy is a 48.5MW subsidy free project located in the Highlands, 11 miles south of Inverness and close to UKW's Stronelairg, Dunmaglass, Corriegarth and Tom nan Clach investments. Innogy will manage the construction of the wind farm, with first export of electricity targeted in July 2021 and full operations in October 2021.

Tim Ingram, Chairman of UKW, commented: "We are pleased to add Glen Kyllachy to the UKW portfolio. Together with the recent acquisition of Douglas West, this brings our commitments to subsidy free wind farms to just over £100 million, complementing our recent £145 million investment in Tom nan Clach, with its fixed price CFD revenues, and our £2.3bn ROC portfolio. We are delighted to partner again with Innogy, who have the expertise and resources to deliver a high quality operational wind farm.

[11_percent] 31/8/2019 09:13

Ok, cheers.

PMG (oil company) have bought some land, with the potential to build a wind farm on it....or so they say.

So, it could be right.

[tcuc3e] 31/8/2019 02:06

I'm pretty sure it's the opposite. Govt looking at building MORE turbines onshore rather than fewer. They announced they would be building turbines on Scottish islands which some have seen as attempting to loosen the onshore regs.

[11_percent] 30/8/2019 19:51

Hi guys, I am after some info.

Is it the case that you can no longer get planning permission for onshore wind turbines in Scotland.

Cheers.

[growthpotential] 13/8/2019 00:33

I'm gradually increasing positions in UKW and RDSB. BlackRock sustainable energy also good too

[asmodeus] 04/8/2019 17:06

Thanks 8w. I live on income, too, and so am ignoring Questor.

[8w] 02/8/2019 20:12

Political risk, unlikely in the next few years, in any case renewables not going to first into the firing line even if we do get a Labour govt.

High premiums, yes. If you are a trader you may wish to take a profit and find an potentially undervalued share. Personally find that too time consuming, will stick with them for income,

[asmodeus] 02/8/2019 11:41

Richard Evans in yesterday's "Questor" columns in The Telegraph, stated that he will be selling this fund and also GCP infrastructure, and John Laing Environmental, mainly, it seems, because "they are on high premiums, and "increasingly exposed to political risk". I have all these two funds precisely because they are invested in renewable energy, and it is the carbon-producing providers that are exposed to that risk. What do others think?

[stewart64] 05/6/2019 07:57

100% allocation and ready to trade on HL re ipo.

[stewart64] 01/6/2019 11:15

Still not sure whether the allocation of the ipo will be in full. It's telling the press release did not use the word oversubscription. Looking back at all other ipo press releases from both Trig and Greencoat the oversubscription word is pretty much a given if it is. Will find out soon.

[stewart64] 30/5/2019 20:41

I believe some one did mention Trig had followed suit with the asset life extension( can't be sure), but obviously wind makes up a fraction of their portfolio.

[apollocreed1] 30/5/2019 19:17

Am I correct in thinking that TRIG didn't extend the life of its wind assets, whereas UKW has done so. So if TRIG would do the same their premium would be much less, or the other side of the coin is that UKW have flattered the high premium upon which they trade by raising their NAV through this extension of the life of their assets.

[stewart64] 30/5/2019 11:06

Gateside I too like Trig, but it's gone from a nadir of 115p at the time it too was knocked back by its own ipo (March) climbing over ten points; Greencoat has shed ten points in the opposite direction. I don't think the overall perception of the stocks has changed that much; one has escaped the trauma of ipo, Greencoat is deep in it and possibly at a low point.

[stewart64] 30/5/2019 10:12

375m raised on sub ipo, debt will be down to 23% gav once another wind farm added.

No reference to oversubscription and they are intending to raise up to 0.7 billion this year in up to three tranches I gather so one would have thought they would take all the money?

hxxp://www.greencoat-ukwind.com/news/2019/300519-resultsofraise

[gateside] 29/5/2019 19:43

Much prefer TRIG as it has diversification in both energy types and locations.

[stewart64] 29/5/2019 19:24

Price looking very misaligned with Trig now. Traditionally carried a much higher premium than Trig, but with the sub ipo this is at a 9% premium to nav and Trig a toppy 11% ( indeed don't think Trig has ever commanded a higher premium than UKW). Not really taking into account the slightly more
focused portfolio of UKW imo. though one could argue Trig is more diversified.
I'm hopeful for a decent allocation on the sub ipo of at least 2/3 since UKW can always roll oversubscription into ipos it intended later.

[igoe104] 21/5/2019 08:32

Just purchased a load this morning, over 21k worth.
this looks like a good long term holding for my portfolio.

[stewart64] 16/5/2019 11:45

Likely to be some scaling back imo ( possibly 2/3 at a guess allocation ), if there isn't then the sub ipo would be an unlikely failure. 23rd closing date.

[alexisk] 15/5/2019 19:52

Anyone here know whether applications to buy new shares by existing small shareholders -- like myself -- are likely to be scaled down (marginally or heavily) if this Initial placing and offer is oversubscribed? I had a quick look at the prospectus and couldn't see anything about what happens in the case of oversubscription.

[stewart64] 03/5/2019 09:55

Unlike Trig they usually do not reserve for existing shareholders. Across at Trig they gave existing shareholders a guaranteed one ninth of holding thereby offsetting the share price fall. Much fairer.