Greencoat Uk Wind Share Discussion Threads

[rustle2] 16/11/2022 12:24

Went ex-div as well (in the last week).

[tuftymatt] 16/11/2022 12:10

I hope it's that bodgeman 🤞🏻

[bodgeman] 16/11/2022 11:54

10p drop in past 5 days. Does that mean autumn statement 40% windfall tax is now priced into the SP?

[yump] 11/11/2022 15:06

Surely can add a few pence because of ex-div ?

[markldn] 11/11/2022 13:59

@marktime1231 - re: share awards. I am quite sure the pain occurs on issuance of the stock compensation. That is when existing shareholders are diluted. All else equal, whether they sell these should not affect the fair value of your shares. You might say that if management sell a material amount of their shares that could be a signal that the shares are fully valued or over valued (though it could mean a great many other things as well that have nothing to do with fair value).

[gbcol] 11/11/2022 09:56

Yes

Dividend Timetable
Ex-dividend date 10 November 2022
Record date 11 November 2022
Payment date 25 November 2022

[dagoberia] 11/11/2022 09:54

Has this now gone ex div? Thanks

[yump] 10/11/2022 15:59

Renewable funds all on the rise today. That was a great dip after mini-budget if you had steel whatsits.

[tuftymatt] 05/11/2022 08:50

Good to see another positive write up 👍🏻

I will continue to add at these kind of levels for the divi and because I think there is upside in the price to come too.

[petewy] 02/11/2022 17:27

Thanks Mark

[marktime1231] 02/11/2022 13:05

The windfall tax offset by investment tax breaks on the same terms as oil and gas, easily zeroed considering the rate at which UKW and others are spending on developments?

Capping the price consumers pay while supertaxing generators does not cut the wholesale price in the market, so underlying inflation is still being fuelled and government debt costs remain high. We need a system in step with Europe where we are so heavily interconnected.

The good news is we appear to be having a record wind generation period. The bad news is that overnight hour-ahead wholesale prices dipped below £0/MWh, so we were PAYING France to take 3GW of surplus wind power, while still burning some gas ourselves. Face and palm.

The better solution surely a (voluntary) re-auction of assets from old ROC and FIT subsidies to 15-year price cap-and-floor contracts.

I am still not sure whether the new legislation has been put through, the sponsor Rees-Mogg was sacked between parliamentary approval and Royal Assent.

[petewy] 02/11/2022 09:59

Good question

[bodgeman] 02/11/2022 08:03

Will the return of the idea of windfall tax on renewables (rather than profit caps) with a reinvestment opt-out lead to a lower dividend and a growth in NAV?

[marktime1231] 26/10/2022 12:41

Shapps a surprise, one of a bunch of oddballs in the new cabinet.

Fingers crossed for credible appointments at Minister level for Energy and Climate.

Meanwhile renewables are bouncing back.

[marktime1231] 25/10/2022 13:16

Unaudited NAV crawled up to 155p as at 30 Sep 22 from 153.6p in June.

Another 1.93p dividend in the pipeline.

Orderly chair succession.

The manager getting remunerated with huge share awards which will hurt if they offload a chunk on the market again.

Rumours that Rees-Mogg is on his way out, so who might replace him, and where does that leave the Energy Prices Bill 2022-23 "emergency legislation" being rushed through parliament in his name? Approved by both houses, pending royal assent. Flawed without detail on how a Cost Plus Revenue Limit might be applied to renewables, as it stands a bully-boy's charter.

If Rees-Mogg is out that should be received as good news for the sector.

[kenwrong] 20/10/2022 16:24

Greencoast wind is picked out by former fund manager Ken Baksh. His wife has held for years in her SIPP and he rates it

[dagoberia] 20/10/2022 15:59

Is this jump due to a new PM coming in that could re assess the cap on renewable energy prices?

[bodgeman] 19/10/2022 12:05

I guess all the renewables are going to be drifting listlessly until this government makes a definitive statement on the renewable energy price cap. Just hope it's fair and clear an not like one of black adders cunning plans hatched with baldrick.

[marktime1231] 17/10/2022 13:03

Hunt intruding in the debate how to design energy price agreements from April 2023, making it a Treasury vs BEIS row so wet cloth vs dry cloth.



" ... looking beyond April, the Prime Minister and the Chancellor have agreed that it would be irresponsible for the government to continue exposing the public finances to unlimited volatility in international gas prices. A Treasury-led review will therefore be launched to consider how to support households and businesses with energy bills after April 2023. The objective of the review is to design a new approach that will cost the taxpayer significantly less than planned whilst ensuring enough support for those in need. The Chancellor also said in his statement that any support for businesses will be targeted to those most affected, and that the new approach will better incentivise energy efficiency."

So Hunt has taken charge of energy price support post-April 2023, in order to minimise the taxpayer cost. With the backing of the current prime minister, who it seems is no longer in charge of her own government.

The retreat from hard-right might see the replacement of the aggressive Rees-Mogg hopefully with Chris Skidmore. Where does that leave the Energy Price Support bill tabled last week, as I understand it has the support of the new chancellor through to Apr 2023.

In which case renewable generators inc. UKW still face a CPRL price cap this winter ... well actually only Jan-Mar 2023 because the new bill is not scheduled to come in until January, if it gets through the Commons. The CPRL remains subject to consultation amid reports it could be anywhere £50-£160/MWh. No-one really knows.