Greencoat Uk Wind Share Discussion Threads

[tuftymatt] 19/3/2023 19:38

Excellent and can we bounce towards 165 in the coming week???

[masurenguy] 19/3/2023 12:58

Greencoat UK Wind

Greencoat owns and operates on and offshore wind farms. Ten years ago, there were six in the portfolio, generating 127MW of power. Today, there are 45 farms and more than 1,000 turbines, creating 1,610MW of power, enough for 1.8m homes. The company was valued at £260m back then. Today, it is worth more than £3.5bn. Along the way, the stock has risen from £1 to £1.58, and provided ten years of consecutive, inflation-linked dividend increases, totalling more than 65p per share.

By any measure, the company is a success, working with utilities and Government to bolster the UK's supply of home-grown power and its environmental credentials increasing capacity and contributing to the Government's net zero ambitions. Shareholders should reap continued benefits from this strategy. Greencoat has a stated aim of increasing dividends in line with inflation and preserving capital in real terms. The entire business is built around this policy, which has served investors well to date and should continue to do so. The group focuses on purchasing farms from developers once they are up and running, the construction risk has been removed and long-term energy contracts are in place.

Midas verdict: This month, the group celebrates ten years as a listed business, marked by consistent dividend growth and a near-60% increase in the share price to £1.58. With Government increasingly focused on home-grown, renewable energy, Greencoat should continue to deliver. In an uncertain world, that is an alluring prospect for existing and new investors.

[catch007] 19/3/2023 11:30

Midas tip today in Mail

[yump] 16/3/2023 16:53

A lot more resilient than many other energy/trust stocks, but most of those haven't got such a big proportion of operational sites as UKW afaik.

[whilstev] 16/3/2023 11:54

And another although of lower scale.

[gbh2] 15/3/2023 11:01

Holding up well considering the current carnage.

[whilstev] 15/3/2023 08:35

That was a chunky directors buy nice to see !

[tuftymatt] 28/2/2023 15:55

Yeah it's starting to look like a strong buy again to me too.

Good luck all 👍🏻

[marktime1231] 28/2/2023 15:53

The discount to NAV of nearly 7% and the progressive dividend looking attractive value, never mind the debt mountain. Doubled up today in my SIPP at just under 156p.

[igoe104] 24/2/2023 19:47

Tipped as a good idea, in the shares magazine...

[gbh2] 23/2/2023 12:32

True, but there's yet to be industry consolidation and when it kicks off I suspect every company will be affected. Meanwhile the dividends here will do for me, capital gain is the icing on the proverbial.

[tuftymatt] 23/2/2023 12:15

Yeah I agree and this should prove to be a good long term buy and hold.

[gbh2] 23/2/2023 11:33

Had a good read this morning, looks to me like everything is in the price atm.

[wad collector] 23/2/2023 11:31

FYR ended 31 December 2022

Greencoat UK Wind PLC today announces the final results for the year to 31 December 2022 as below.

These results were approved by the Board of Directors on 22 February 2023.

Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in UK wind farms. The Company's aim is to provide investors with an annual dividend that increases in line with RPI inflation while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cashflow.

The Company provides investors with the opportunity to participate directly in the ownership of UK wind farms, so increasing the resources and capital dedicated to the deployment of renewable energy and the reduction of greenhouse gas emissions.

2022 Highlights

Generation

-- The Group's investments generated 4,362 GWh of sustainable electricity.
-- Net cash generation (Group and wind farm SPVs) was GBP560.1 million.
High quality investments

-- Acquisition of Twentyshilling and a net 12.5 per cent stake in Hornsea 1 increased the portfolio to 45 operating wind farm investments and net generating capacity to 1,610MW as at 31 December 2022.

Dividends and balance sheet

-- The Company has declared total dividends of 7.72 pence per share with respect to the year and is targeting a dividend of 8.76 pence per share for 2023 (increased in line with December 2022 RPI).

-- Aggregate Group Debt of GBP1,780 million as at 31 December 2022, equivalent to 31 per cent of GAV.

[11_percent] 15/2/2023 07:19

UKW’s strong performance isn’t necessarily reflected in the share price…

[growthpotential] 09/2/2023 19:53

Agreed, whatever the disadvantage, quarterly is better for something like this...

[gbh2] 09/2/2023 10:49

Quarterly dividends tend to keep the share price more stable imo.

[wad collector] 09/2/2023 09:49

Xd 1.93p today. I wonder how much extra it costs to administrate a three monthly dividend instead of twice a year?
Gives more flexibility I guess , though has not made use of it as the policy is pretty rigid .

[yump] 23/1/2023 17:24

Been interesting seeing how the different energy trusts share prices moved and/or recovered since the mini-budget. I've got a couple that are more involved in buying assets some of which are not actually generating fully yet - those seem to be lagging the established ones where revenue has been flowing from all the assets.

[tuftymatt] 23/1/2023 15:34

A very well balanced write up 👍🏻

[11_percent] 23/1/2023 15:26

Why 13% dividend hike puts spotlight on Greencoat UK Wind’s dividend appeal

[tuftymatt] 23/1/2023 09:53

Fantastic and I can't see it being too long before the September high is beaten 😀👍🏻

[yump] 23/1/2023 09:30

I’ve got a big chunk of these as well, but think I’ll just run the fan heater in the office on 2kw for a while instead of 1 !

In fact might test a theory that 20mins at 2kw and then 40 mins off, will overheat the room and work better and cheaper than 1kw for the whole hour.