Greencoat Uk Wind Share Discussion Threads

[jimmywilson612] 02/5/2019 11:32

Thanks mate. Haven't got involved with these in the past but I'd be interested in putting the money in.

I'm with HL so will keep an eye for it on there.

[a0002577] 02/5/2019 11:29

JimmyWilson612, This is from the RNS

"- Under the Share Issuance Programme, subject to approval by Shareholders, UKW will issue new ordinary shares by way of the Initial Placing and Initial Offer for Subscription at an issue price of 133 per share

o The issue price of 133p represents a discount of 5.2% to the closing share price on 1 May 2019 and a premium of 9.5% to the last reported NAV of 121.47p (as at 31 March 2019) (both adjusted for the payment of the 1.735p dividend on 24 May 2019)"

The Initial Offer usually means that firms like YouInvest will offer it under their New Issues part of the web site.

[jimmywilson612] 02/5/2019 09:27

I assume average Joe won't be able to take part in this?

[togglebrush] 02/5/2019 07:44

RNS Advert for Initial Share Offering

[stewart64] 03/3/2019 10:06

Topvest...TRIG and UKW my two holdings in renewables too. You can knock them but over the last two years they have both risen well above the sector average on top of the 6 and 5 % yield respectively. This against the backdrop of an FTSE total return index which has made zero since October 2017. Most sites going with the 7.2 p/e ( eps 18.54) now having updated the annuals. Obviously courtesy of the 5 year life extension of the turbines on the balance sheet, so a bit misleading.

[stewart64] 02/3/2019 20:14

Re. the price action from 137p to 127p back to 137p on Wednesday morning, the day before annuals; what was that all about? I presume a technical blip but has been left on the chart history.

[topvest] 02/3/2019 18:18

UKW and TRIG are the best renewables plays in the market in my view.

[stewart64] 16/2/2019 09:51

Sometimes the spread is a lot tighter than the ticker suggests. Yesterday the official spread on Trig was 117.4/117.6....yet the purchase went through at 117.45, a mere .05 pence above the bid and the next move was up not down.

[gateside] 15/2/2019 19:53

Yes TRIG and UKW are the only two that are in the FTSE250. As a consequence, they also have a much tighter spread between the buy and sell price.

[a0002577] 15/2/2019 18:16

Am I right in saying that UKW and TRIG are constituents of the FT-250 (unlike JLEN and BSIF for example)? If true, does this go someway to explaining why they trade at a premium to the other green infrastructure funds?

[stewart64] 15/2/2019 15:53

Well has returned to an all time high once you consider the XD, so timed that right thus far. Bought in on Trig on the dividend dip earlier today at 117.45.

[cflather2000] 07/2/2019 20:35

Share issuances are quite ordinary in this kind of trust though, as most cash is paid out. Nothing builds up for acquisitions

[stewart64] 05/2/2019 19:11

Did top up yesterday at 130.0, since fallen even more to a bid of 129.4 in spite of the stock market rally. Backed the wrong horse as Trig ( which I also own) has continued to soar.

Trig has massively ourperformed Greencoat recently. Suggests to me Greencoat is oversold. But if the management will keep springing these share issuances.

[stewart64] 01/2/2019 20:23

Tempted to top up Monday if the share price stays under 130...nav premium at a recent low of 6%, fwd p/e at 10.8. This issuance is small compared to the 2017 one, the Market may have over- reacted.

[stewart64] 01/2/2019 09:28

New share issuance at 127p, they finally couldn't resist...stake in SSE turbines.

Last time they did this in October 2017 the Institutional offer price of 117p became the share price for a short while. However, that was a huge share issuance of about £500m, this is a quarter of that. Doubt it will fall much lower.

This is usually the time to buy Greencoat on the issuance dip.

[a0002577] 18/1/2019 10:34

Why the big move up today?

see

It has also had a knock-on effect on other green infrastructure funds

[whilstev] 18/1/2019 09:37

Rise in NAV due to an increase in assets lifetime estimate rising from 25 years to 30 years.

[bothdavis] 18/1/2019 09:31

News: results in line, increase as in RPI for dividend.

[stewart64] 18/1/2019 09:13

Why the big move up today?

[stewart64] 30/11/2018 10:46

Still waiting for Hargreaves, in any case they pend the dividend reinvestment until around the 12th of each month.

[bothdavis] 30/11/2018 09:55

Dividends received today....reinvested as ever.... good luck to all in the turmoil ahead!

[bothdavis] 13/10/2018 16:11

May I suggest prunes or a good curry!!

[stewart64] 13/10/2018 15:56

Indeed I said H1 was not the most helpful conditions. But as the linky and post have clearly upset you I have removed. I agree long term forecasting isn't exactly a science.

Btw as per Greencoat's half year statement, the wind does matter you know.