Greencoat Uk Wind Share Discussion Threads

[growthpotential] 13/8/2019 00:33

I'm gradually increasing positions in UKW and RDSB. BlackRock sustainable energy also good too

[asmodeus] 04/8/2019 17:06

Thanks 8w. I live on income, too, and so am ignoring Questor.

[8w] 02/8/2019 20:12

Political risk, unlikely in the next few years, in any case renewables not going to first into the firing line even if we do get a Labour govt.

High premiums, yes. If you are a trader you may wish to take a profit and find an potentially undervalued share. Personally find that too time consuming, will stick with them for income,

[asmodeus] 02/8/2019 11:41

Richard Evans in yesterday's "Questor" columns in The Telegraph, stated that he will be selling this fund and also GCP infrastructure, and John Laing Environmental, mainly, it seems, because "they are on high premiums, and "increasingly exposed to political risk". I have all these two funds precisely because they are invested in renewable energy, and it is the carbon-producing providers that are exposed to that risk. What do others think?

[stewart64] 05/6/2019 07:57

100% allocation and ready to trade on HL re ipo.

[stewart64] 01/6/2019 11:15

Still not sure whether the allocation of the ipo will be in full. It's telling the press release did not use the word oversubscription. Looking back at all other ipo press releases from both Trig and Greencoat the oversubscription word is pretty much a given if it is. Will find out soon.

[stewart64] 30/5/2019 20:41

I believe some one did mention Trig had followed suit with the asset life extension( can't be sure), but obviously wind makes up a fraction of their portfolio.

[apollocreed1] 30/5/2019 19:17

Am I correct in thinking that TRIG didn't extend the life of its wind assets, whereas UKW has done so. So if TRIG would do the same their premium would be much less, or the other side of the coin is that UKW have flattered the high premium upon which they trade by raising their NAV through this extension of the life of their assets.

[stewart64] 30/5/2019 11:06

Gateside I too like Trig, but it's gone from a nadir of 115p at the time it too was knocked back by its own ipo (March) climbing over ten points; Greencoat has shed ten points in the opposite direction. I don't think the overall perception of the stocks has changed that much; one has escaped the trauma of ipo, Greencoat is deep in it and possibly at a low point.

[stewart64] 30/5/2019 10:12

375m raised on sub ipo, debt will be down to 23% gav once another wind farm added.

No reference to oversubscription and they are intending to raise up to 0.7 billion this year in up to three tranches I gather so one would have thought they would take all the money?

hxxp://www.greencoat-ukwind.com/news/2019/300519-resultsofraise

[gateside] 29/5/2019 19:43

Much prefer TRIG as it has diversification in both energy types and locations.

[stewart64] 29/5/2019 19:24

Price looking very misaligned with Trig now. Traditionally carried a much higher premium than Trig, but with the sub ipo this is at a 9% premium to nav and Trig a toppy 11% ( indeed don't think Trig has ever commanded a higher premium than UKW). Not really taking into account the slightly more
focused portfolio of UKW imo. though one could argue Trig is more diversified.
I'm hopeful for a decent allocation on the sub ipo of at least 2/3 since UKW can always roll oversubscription into ipos it intended later.

[igoe104] 21/5/2019 08:32

Just purchased a load this morning, over 21k worth.
this looks like a good long term holding for my portfolio.

[stewart64] 16/5/2019 11:45

Likely to be some scaling back imo ( possibly 2/3 at a guess allocation ), if there isn't then the sub ipo would be an unlikely failure. 23rd closing date.

[alexisk] 15/5/2019 19:52

Anyone here know whether applications to buy new shares by existing small shareholders -- like myself -- are likely to be scaled down (marginally or heavily) if this Initial placing and offer is oversubscribed? I had a quick look at the prospectus and couldn't see anything about what happens in the case of oversubscription.

[stewart64] 03/5/2019 09:55

Unlike Trig they usually do not reserve for existing shareholders. Across at Trig they gave existing shareholders a guaranteed one ninth of holding thereby offsetting the share price fall. Much fairer.

[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.