Greencoat Uk Wind Share Discussion Threads

[rustle2] 17/11/2022 14:13

I don't think it's a policy, just an aspiration yet to be thought through?

[whilstev] 17/11/2022 13:00

So what does the new windfall tax on electricity generators mean for UKW? Market reaction seems slightly positive.

[tuftymatt] 16/11/2022 14:29

I thought it was on the 10th with the payment made next Friday?

[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?