Greencoat Uk Wind Share Discussion Threads

[woodhawk] 25/5/2022 14:55

Because he's desperate - the usual cobbled-together-in-panic, badly thought out, rubbish that is typical of this useless 'Government'. Hopefully after Johnson's appalling behaviour in the House today, he'll soon be toast.

[growthpotential] 25/5/2022 14:38

Why is he trying to raid the green agenda

[growthpotential] 25/5/2022 00:02

Hands off these assets you dirty rustic Sunak

[nerja] 24/5/2022 20:13

Sunak and boris the PARTY, party are playing to the crowds! They don’t give a flying fig for the country the party only themselves, they are just wheezling the way out of the sh@t they have inflicted on us. No body seems to have pointed out on the news oh by the way mr chancellor you will have three times the amount of taxes from the consumer in October from energy bills , plus three times the corporation taxes from the energy companies etc, maybe just cut them a bit oh no blame the companies more taxes etc.
All this is doing is taking from pension funds, stopping investment in UK EG funds, increase energy bills long term, myself I have sold out of quite a few of these and others until the future is clearer, but if the country needs a better energy fix it had better provide investors with a more certain path. Good luck to all holders I will watch and wait for a clearer path before buying back in higher or lower.

[bountyhunter] 24/5/2022 18:24

Sunak probably thinks a windfall tax is a tax on wind energy he us so far removed from reality!

[topvest] 24/5/2022 18:10

Yes, they all have no guts. Central bankers ditto.

[c3479z] 24/5/2022 17:16

what amuses is the antics of Rachel Reeves who, though having a PPE from Oxford, and thus knowing what bad economics a windfall tax would be, has jumped on the focus populist group bandwagon demanding just such a tax....I would have thought this disingenuous yet what can one expect of politicians these days.

[topvest] 24/5/2022 14:47

Windfall tax is such a bad idea. You can understand a socialist government thinking about it, but the Conservatives? Populism seems to have taken over and politicians just seem to do what is popular from one minute to the next with no thought of the long term consequences.

Given Corporate tax rates have been increased by 6% from next April there is only a limited time window anyway.

In my view, a marginal extra tax on Generators is probably fairer than on oil and gas producers like BP and Shell. The latter two companies have had to contend with a truly awful 5-10 years and have made losses in 2022 to date from throwing in the towel on Russia.

I guess the impact on wind and solar will be much more limited than CCGT and Nuclear as 2/3rd of their revenue is ROC based.

[tuftymatt] 24/5/2022 12:52

£37bn spent on track and trace over two years.
There must be plenty involved in that shambles that made fortunes so are they going after them for a windfall tax!!

[c3479z] 24/5/2022 12:48

whingeing on about gas and electricity price on Radio4 right now, although many people will struggle to pay 2800 per annum from the autumn,
seems that the government is trying to recoup some of the inflation-linked renewable payments and other profits though when oil dropped to 0 to 20 dollars they were conspicuously absent so for that reason I don't agree with the popular clamour for a windfall tax. Have to hope that, if a windfall tax is imposed, it will be only at a token level to keep the left wing quiet and quell public opinion.

[tuftymatt] 24/5/2022 09:39

Picked up some more as I think it's the unknown hitting everyone today.
This will be back above 160 soon enough imo.

[apollocreed1] 24/5/2022 09:32

Maybe this is a lesson to not buy ITs when they are on large premiums because then there is no margin for error. Being patient, some news event will allow you to eventually buy them at a discount or at least close to NAV.

[apollocreed1] 24/5/2022 09:30

This guy is the biggest socialist in the whole party. But none of the current government are conservative anymore. They are even planning to put the windfall tax on renewable companies running wind farms.
Even the Dems in the US haven't instituted a windfall tax.
They just take orders from their wives and the media:

"UK finance minister Sunak orders plan for windfall tax on electricity generators -FT"

hxxps://uk.investing.com/news/commodities-news/uk-finance-minister-sunak-orders-plan-for-windfall-tax-on-electricity-generators--ft-2654885

[tuftymatt] 24/5/2022 09:24

Yeah fair point nerja.

[nerja] 24/5/2022 09:21

Bp. Will have a £20 billion write off from Russia to mitigate it a bit

[tuftymatt] 24/5/2022 09:03

The company name always mentioned when there is talk of a windfall tax is BP
Today they are down just 2% so go figure!!

[woodhawk] 24/5/2022 09:00

Exactly tuftyman, little or no tax - even if it comes to pass.

[tuftymatt] 24/5/2022 08:55

I think when it comes to the detail behind any windfall tax most in this sector will be hit in a very small way if at all.

Buying opportunity imo and a reaction by the markets to the unknown.

[igoe104] 24/5/2022 08:39

They may as well start investing aboard, if the government start hitting them with taxs..

Invest in countries that give you concessions, rather than hit you with taxes..

Without companies like this, are are the government going to get anywhere close to hitting their green targets...

[panshanger1] 24/5/2022 08:34

Taking a bigger hit here than other reknewables this morning

[zac0_4] 24/5/2022 08:33

Unbelievable! I only took the plunge here with my first purchase yesterday! Talk about timing!!!!

[woodhawk] 23/5/2022 23:27

I wouldn't put anything past Bozo & his cretinous cabinet who are running this country into the ground. But then, you have to have had a windfall to be taxed on it.

[gateside] 23/5/2022 22:39

.....Chancellor Rishi Sunak has ordered officials to draw up plans for a possible windfall tax on more than £10bn of excess profits by electricity generators, including wind farm operators, on top of a hit on North Sea oil and gas producers....

[tuftymatt] 17/5/2022 06:45

I am in the same boat and have a view that the short term downside could be 3 or 4p but the upside much higher. Will watch for now but see this doing so well in the mid to long term.