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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Greencoat Uk Wind Plc | UKW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.60 | -0.50% | 119.70 | 16:35:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 120.00 | 118.40 | 120.40 | 119.70 | 120.30 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Top Posts |
|---|
Posted at 29/1/2025 07:51 by sleveen There you have it.Recent wind data lower than historic values previously used. Who knew, not private investors for sure. No conspiracy theories here. |
Posted at 24/1/2025 08:33 by red ninja There is no doubt that pre Rachel Reeve's budget many firms were facing economic headwinds.However, the hammering she has given to businesses and investors hasn't helped. Record jump in number of firms in financial distress This is before employers NI increase and minimum wage rise in April. If she can't extract from businesses and investors the sum she expects will we see another budget with more taxes ? |
Posted at 21/1/2025 12:01 by red ninja August 24 Citywire article discusses the link between interest rates and discount rate."Rising interest rates in the past two years hurt renewable fund share price ratings because they put upward pressure on discount valuation rates that in turn reduced the value of their assets and depressed NAVs. However, the change in interest rate trajectory and the success of funds such as Renewables Infrastructure Group and Octopus in selling assets at or above their previous valuation had encouraged investors, Chande said. ‘We suspect that concern over discount rates has, if not abated, then moved on significantly.&rsquo Another way of highlighting the value in renewables funds, Chande said, was looking at their net cash yields before dividends and after finance costs. ‘TRIG and UKW last annual figures reflect yields of 13.7% and 12.8% to their market cap. The yields will be lower for most of the less mature renewable funds but are still sufficiently attractive.’" >>>>> However, recent gilt rate rises have displayed the lack of confidence in the Labour governments growth strategy. Given the minimum wage and employers NI rises come in April that may boost inflation and put prssure on interest rates. |
Posted at 10/12/2024 22:06 by marktime1231 Interesting. It means the manager shares the pain of investors when the share price is discounted to NAV. Clips the cost of fees. How does it change the manager behaviour though? It would remove commercial pressure on the manager to maintain an unrealistically inflated NAV. If that is what they were doing.Will it improve NAV or sp? Might it incentivise asset realisation eg sales at anything above the discounted NAV level? Makes it harder for the manager to turn down a fair offer perhaps, rebalancing priorities between short term recovery and long term prospects? Does it alter an attitude to maintain a barely sustainable dividend? If that was what they were doing - presumably no because thngs like distribution and buybacks are board policy not asset management decisions. It feels like it increases the chance of the trust selling up at a price somewhere between market and book. Or courting offers at such a level but rejecting them as a validation to continue? Edit - actually that last scenario would be the win win. The manager eliciting an external portfolio sale at say 145p but rejecting it saying that would be valuing the assets and long term earning potential too cheaply. So the share price recovers and the income stream continues. Although which scenario still requires UKW to demonstrate the dividend is and will continue to be covered by real cash income, something they failed to satisfy with the October update. |
Posted at 07/12/2024 17:21 by red ninja Published 4th December 2024 on HL.5 investment trusts to watch for 2025 Looking to invest in investment trusts? Here are our top investment trust picks for 2025 and beyond. Greencoat UK Wind Greencoat UK Wind plc UKW Ordinary 1p 126.00p Investing in onshore and offshore income-producing UK wind farms The new Labour government is seemingly taking plans to move away from oil and gas and build a cleaner power system more seriously, which could present interesting opportunities for investors. The government aims to achieve its goal of fully decarbonising electricity by 2030, and wind energy is key to the country’s net-zero commitments. In July, the Climate Change Committee estimated that by 2030 the number of onshore and offshore wind installations would need to double and triple, respectively. On her first day as chancellor, Rachel Reeves removed the de facto ban on onshore wind farms and has simplified planning rules to pave the way for new wind projects in the UK. The UK has pockets of land that are ideally suited to generating renewable energy, and removing complex planning rules could boost UK renewables and infrastructure. While the government has so far made the right noises, remember nothing is certain and policies have the potential to change over time. Greencoat UK Wind is one way to get exposure to this specialist area of the market. It invests solely in operating onshore and offshore UK wind farms that are currently producing income. It aims to pay investors with a sustainable annual dividend that increases in line with inflation as measured by RPI (Retail Price Index), while preserving the value of an investment. This means the majority of any returns will come in the form of income rather than capital growth. The trust is managed by and an experienced team from Schroders Greencoat, a renewable investment manager. However, investors should remember that investing in a single sector like wind farms or renewable infrastructure is a higher-risk approach compared to a more diversified one. We think investment trusts investing in a specific sector should usually only form a small part of a well-diversified investment portfolio. |
Posted at 07/12/2024 17:14 by red ninja Investor Champion added UKW to it's income portfolio in October :-Greencoat UK Wind (LON:UKW) Market cap: £3.2bn Starting price:140p Dividend yeld:7.1% Greencoat only invests is one of the older listed renewable energy trusts. It only invests in UK wind projects and has a strong long-term record of creating value for shareholders. The trust’s dividend has risen at least in line with RPI inflation since its listing in 2013. The payout remains covered this year, despite weaker power prices and debt repayments. Looking ahead, management expect to be able to generate a 10% return on net asset value. With the stock trading below NAV, we believe this could be an attractive opportunity. |
Posted at 28/10/2024 13:03 by marktime1231 A glib response from a media type on behalf of UKW, that the factsheet can now be found buried away on the website, they obviously don't care.I remain furious, the update was a deliberate attempt to obscure, to not tell investors in a transparent and accessible way, what we need to know about the performance of UKW. Not behaving in a trustworthy way. I hope others have written to share frustration at the way they have handled communications. Worth keeping in mind when Chair Riches and SID Winser ask for re-election. Of course we little guys don't really matter, but a bit of grumpy feedback is due. It does feel as though confidence in the share price has been eroded and that affects everyone. |
Posted at 24/10/2024 15:31 by marktime1231 Well hmmph!Who puts out a routine update rns at 1pm, I mean why would you. And why not include a summary of NAV movement in the rns instead of hiding it in a factsheet on the website - especially as the factsheet is NOT on the website as claimed. No comment at all on trading or generation, wind conditions etc! An income stock providing a trading update without mentioning income or trading performance. Aaaaaaaaagh! Is it because the 2.5p sustained dividend was not covered by income in the period, does that explain the small drop in NAV? Or does the £14.25M acquisition from available cash suggest there was (would have been) a small surplus? Sorry for speculating and worrying but if everything is plain and simple and nothing to worry about why not tell us in the rns you plonkers. Debt seems well managed, refinanced for longer with just a tiny rise in average cost to 4.68%, ought to be a signal that gearing is affordable. So why headline that UKW are actively pursuing selected disposal opportunities to reduce gearing? At the same time as making a small acquisition. No comment at all on the current buyback nor the persistent share price discount to NAV, other than the oblique comment that a disposal would enable capital returns. Oh how frustrating, what an infuriating way to treat interested investors, no wonder there is a lack of market confidence in the share price 2p knocked off since the rns. Damn and blast. |
Posted at 15/8/2024 07:57 by nickrl Reported elsewhere via South China Morning Post that Aviva Investors have sold their UK windfarm portfolio of 32 onshore wind farms (175MW) to HK investor for 350m.So thats £2m/MW which equates well to UKWs last NAV. |
Posted at 24/4/2024 18:08 by marktime1231 Well we got the 2.5p dividend but a 4p or so decline in NAV. Nothing about current trading or things like how much in cash we are, unless it was discussed at the AGM. I wonder what the NAV bridge looks like, is it in the linked doc? Not quite the boost to share price I was hoping for, not yet anyway.Expressing surprise that 11% voted for winding up. It will not surprise me in fact I will be laughing if that is because some folks blindly ticked Yes to all resolutions not realising the need to say no to 17. One to remember when reviewing the performance of the secretariat and investor relations who bungled the voting format. I can't imagine significant investors genuinely seeking to wind up UKW given its performance and outlook. |
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