Greencoat Uk Wind Share Discussion Threads

[morgoth1] 13/10/2017 11:34

IM with Hargreves Lansdown had a message yesterday i can apply for shares minimum of £1000 no max mentioned then i have to wait to see how many i get.
It will all depend of the take up of new shares.

[rustle2] 13/10/2017 10:40

Does anyone know who are introducing for PIs for the latest offer or can we only do it directly with Greencoat using the forms on the Prospectus?

[gateside] 11/10/2017 23:59

With the NAV down at 109p - I too am finding this share difficult, to know where the share price should be right now. Looking to buy - but will monitor price for now.

[stewart64] 11/10/2017 15:31

A far too big a dilution in one go imo going from a one billion market cap to one point five. Totally impossible to price this share now, nobody knows where the NAV will end up or the eventual earnings. Just have to batten down the hatches and hope it will come right sometime next summer. (as it did last year)

[gateside] 11/10/2017 15:23

Looks like it wants to test 117p after all!

[stewart64] 11/10/2017 15:23

Well the share price is getting dangerously close to the offer price of the new issuance. Probably not the best time to go Empire building with interest rates set to rise and UK stocks coming under pressure from Brexit, the Management have managed to crash the share price by over 6%. One hopes 117 will be a floor, at which point the issuance would flounder too.

[rustle2] 29/9/2017 08:14

Thanks Stewart for the explanation. I knew that I was missing something and also that the market would have priced it right! At least they are offering above NAV and I wouldn't say no to topping up at 117.

[rustle2] 28/9/2017 22:58

Thanks Stewart for the explanation. I knew that I was missing something and also that the market would have priced it right! At least they are offering above NAV and I wouldn't say no to topping up at 117.

[stewart64] 28/9/2017 19:31

On the plus side Greencoat must be buzzing with their own story and think the Market will not overly punish the price off such a slim discount. Price falls to 117 and it is game over for raising the half billion.

[stewart64] 28/9/2017 18:46

Unless the new shares are sold at a discount, like any new issue, they aren't going to raise the money. They plan to raise an extra 500 million which would dilute existing stock value about a third of the way down between 117 and 125 to about 122.00 and may be another penny to cover costs. So the Market pitching it about right at close. Thanks Greencoat for wiping out a few hundred quid today off my portfolio, let's hope it works out in the long run.

Good forecast by a member on here a few days back that said this would happen.

[gateside] 28/9/2017 18:24

One would imagine that the shares will fall to 117pCould be a good level to buy at.

[rustle2] 28/9/2017 15:53

So who understands the figures after the latest announcement?
Shares to be offered at 117p even if they miss out on the next 1.62p quarterly div, why are these fixed at 121.5p.
I must be missing something here?

[daveofdevon] 15/9/2017 03:52

Nope, it wasn't a fund, in fact nobody bought anything. Flagged as UT it was an end of day uncrossing trade to clear down the order book. Lots of people get caught out by that one !

[stewart64] 14/9/2017 20:39

I note someone splurged 270k after trading and paying a fifth of a penny premium at 1.232.One assumes a fund.

[stewart64] 14/9/2017 10:42

Thanks for the warning Spin Doctor, may need recourse to the begging bowl to grow in view of the high yield.
Thought it might be more responsive to Brent at $55. Ok the wholesale price will be guaranteed but it does justify wind's existence better even though there is the renewables argument as priority.
This one should be Brexit proof...it's about the only thing we can do that the Europeans can't do well because their wind climate is weak. A professional renewable consultant I spoke to reckoned that Scotland had 50% of the entire Continent's wind potential.

[spin doctor] 22/8/2017 20:09

Stew, I'd be careful about adding more in the short-term as following today's acquisition, gearing limit us up to 38%, shares sit at a premium to NAV, and the Company says there is value to be found in the secondary wind farm market - I'd be surprised if there wasn't another capital raise mirroring that of October 2016 (see RNS below) which will see the share price premium fall for a few weeks.

In the medium/long-term this is a lower risk and diversifying investment likely to yield (NAV growth + div) 8% in line with strategy - notwithstanding macro factors outside its control such as long-term energy prices.

25 October 2016
Greencoat UK Wind
Announcement of Net Asset Value and Dividend and Launch of Second Issue under Share Issuance Programme
Greencoat UK Wind plc (the "Company" or "UKW"), the leading listed renewable infrastructure fund, invested in operating UK wind farms, today announces the launch of the Second Issue under its Share Issuance Programme (announced 14 April 2016). The proceeds will be used to pay down the Company's Revolving Facility Agreement enabling UKW to pursue a pipeline of attractive investment opportunities.

[ygor706] 20/2/2017 08:38

Reults out on Thursday.

[rolo7] 20/1/2017 15:56

Breakout here bigger divi with debt reduced and night power prices?

[rolo7] 30/11/2016 13:57

anyone else will waiting for ukw shares from placing to go into their account?

[rolo7] 19/11/2016 20:44

A good take up of shares, debt reduced and finance charges, power prices forecast pre brexit in interim results.

[bench2] 10/11/2016 22:19

Did anyone see an article about windmills killing Bats ? Some wind farms to be asked to close down at night to save the Bats .