Greencoat Uk Wind Share Discussion Threads

[jombaston] 19/5/2020 16:38

I think you answered your own question there.

The price of the TRIG issue would be equivalent to around 127p for UKW

[tcuc3e] 19/5/2020 16:12

Any idea why the 4.5% share price drop today?

I see TRIG is down 5% but I assume that's because they are announcing a new share issue.

[growthpotential] 19/5/2020 13:56

Surely a decent long term investment. £1,300 in here and will add if it goes lower via regular investment

[jane deer] 06/5/2020 13:35

With power prices so low in the UK so far during 2020, I am cautious about what the next NAV will be. I sold out my holding yesterday. Otherwise, this seems a well run company in a good position and should pay a reasonable dividend.

[jombaston] 29/4/2020 13:18

I like this company as, despite being pure wind, they have been steady performers since flotation and have good dividend cover. So it looks as if they are well managed. However, my concern is that as new wind projects do not attract subsidies they will become increasing exposed to market power prices which could lead to greater volatility and require a greater risk premium versus more diversified and funds with more revenues from subsidies. If they want to buy older/more heavily subsidised projects won't they have to pay more?

Also wondering whether we might get another issue. On the one hand, there is no immediate financial pressure (25% debt and future committed payments some way off). On the other hand it might make sense to take advantage of a reasonable premium.

[igoe104] 27/4/2020 08:20

An other wind warm acquired in Scotland.

[growthpotential] 17/4/2020 13:03

Yeh shame for me too, I'm only adding to this via a regular investment plan so it usually buys me in high

[bothdavis] 16/4/2020 13:36

Great recovery, didn't have any spare funds to buy lower, damn!!

[igoe104] 15/4/2020 17:44

Decent write-up here.

[igoe104] 21/3/2020 12:32

Tim Ingram, Chairman, bought 45,895 shares in the company on the 20th March 2020 at a price of 108.40p. The Director now holds 485,575 shares

[igoe104] 20/3/2020 07:29

Everything good in the update, (exceeding.)

Portfolio generation to date in 2020 has been strong and is approximately 20% ahead of budget (over 30% of the 2020 generation budget has already been produced) and forward power prices for the remainder of 2020 are relatively stable. The Company's target dividend of 7.1 pence per share is expected to be well covered

[binghall] 19/3/2020 15:14

I don't trust any long-term analysis from these 'so-called' experts, at least if I take my own advice I've got no-one else to blame. Can't see anything but renewable infrastructure being a growing industry in the next decade - prices may drop, but so will business costs as the industry grows. I'm buying additional on the drop. There will be some hits to dividends in the short term but I'm certainly not going to get any better in a savings account.

[tcuc3e] 19/3/2020 14:02

With the massive market sell off this seems like a great time to buy no? Even if we're all cooped up at home watching TV we're going to need the energy provided by Greencoat. And self isolation won't prevent engineers checking on remote wind farms.

The price drop for shares like this seem a massive over reaction no?

Is there any existential risk to the company I'm missing?

[1rada] 28/2/2020 15:29

hmmm.... too late here?

[igoe104] 20/2/2020 09:44

TIDMUKW
RNS Number : 5795D
Greencoat UK Wind PLC
20 February 2020
20 February 2020
Acquisition of Slieve Divena II
Greencoat UK Wind PLC ("UKW" or "the Company") is pleased to announce that it has agreed to acquire Slieve Divena II wind farm from SSE Renewables for a consideration of GBP51 million.
Slieve Divena II is located approximately 10 miles south east of Omagh in County Tyrone, Northern Ireland, and has a capacity of 18.8MW. Slieve Divena II was constructed by SSE Renewables and has been operational since June 2017. The wind farm receives 0.9 ROCs per MWh and has a load factor of 31.3%.
Slieve Divena II is adjacent to UKW's Slieve Divena wind farm, which was acquired by the Company in August 2017, and will also be managed by SSE Renewables. As with Slieve Divena, SSE Airtricity (SSE's retail brand in Northern Ireland) will be the offtaker under a long-term power purchase agreement.
Tim Ingram, Chairman of UKW, commented:
"We are delighted to acquire our eighth wind farm from SSE, which is testament to the longstanding relationship we have developed. Slieve Divena II is a high quality, ROC-accredited asset sitting alongside our Slieve Divena wind farm and is a natural addition to our portfolio of operating UK wind farms, which no w has a net generating capacity of almost 1GW."
The acquisition was funded by UKW's acquisition facility plus reinvestment of portfolio cash of GBP24m. Following the acquisition, UKW's total borrowings will amount to GBP627 million (GBP600m under term debt facilities plus GBP27m under the revolving credit facility), equivalent to 25% of Gross Asset Value (gearing limit 40%).

[stewart64] 31/1/2020 08:25

Nav down again, dividend declared at 7.1p as I anticipated. Forward yield 5.1% at today's price.

hxxps://www.stockmarketwire.com/article/6767460/Greencoat-UK-Wind-targets-2020-dividend-increase-to-7-point-1p-per-share.html

[stewart64] 28/1/2020 13:06

Well the analysis doesn't stack up because he refers to a 20/30 year timeframe. Well that's the lifetime of a turbine anyway. Crikey in 20/ 30 years time I doubt oil extraction will be allowed, where does that leave the valuation of the likes of RDSB.

Seriously is he basing the overvaluation on 20/ 30 years hence, tbf I haven't read the whole thing?

The current forward yield is over 5% 7.1/141....so even on depreciating assets it compares favourably with bonds.

[bothdavis] 28/1/2020 09:48

I always considered these a proxy to 'utilities' as they take over or are taken over the electricity generation of the country?

[bothdavis] 28/1/2020 09:46

Thanks nerja....Bloody Americans!!

Hopefully its 'fake news'!!

[nerja] 28/1/2020 09:05

Update) Investors in London’s expensive listed renewable energy funds are at a risk of a 43% share price fall and a 33% drop in asset values due to the slide in long-term power forecasts, JPMorgan Cazenove has warned.

Strong investor demand for their reliable dividends and environmentally friendliness has pushed shares in London’s six wind and solar power investment companies to an average 16% premium above their underlying net asset values (NAV).

But UK investment companies analyst Christopher Brown said the double-digit premiums of companies in the £9bn renewables sector were unsustainable in face of mounting evidence that growth in carbon-free energy would slash the cost of electricity in the next 20-30 years.

While that's good news for consumers and the planet, it is bad news for funds generating most of their revenues from selling electricity into the wholesale market, said Brown and fellow analyst Adam Kelly.

Using the latest figures from Bloomberg New Energy Finance, an independent forecaster owned by financial media giant Bloomberg, the analysts believed the NAVs of Bluefield Solar Income (BSIF), Foresight Solar (FSFL), Greencoat UK Wind (UKW), JLEN Environmental Assets (JLEN), NextEnergy Solar (NESF) and Renewables Infrastructure Group (TRIG) could drop by a third on average.


And because of their elevated share prices – trading at premiums of between 12% and 23% - that could translate into a 43% fall in their stocks, they said.

[bothdavis] 28/1/2020 09:02

Ca you post an overview please Nerja, seems a little disconcerting to me - my biggest holding....DUH!

[nerja] 28/1/2020 08:25

Renewable funds could plunge 40% on ‘cannibalisation’ threat, say JPM analysts

hxxps://citywire.co.uk/investment-trust-insider/news/renewable-funds-could-plunge-40-on-cannibalisation-threat-say-jpm-analysts/a1317406?ref=investment-trust-insider-latest-news-list

[woodhawk] 21/1/2020 13:36

Decided to have a little dabble here to offset my BP and RDSB holdings.