Greencoat Uk Wind Share Discussion Threads

[whilstev] 30/5/2022 11:36

Can anyone clarify for me was UKW part of the windfall tax or not ? The current share price seems to suggest yes.

[growthpotential] 26/5/2022 11:12

Agreed here too, lol and gas is very cyclical, you can't just tax them in good times and leave them to die like during covid

[yump] 26/5/2022 09:54

Populist politics.

@bothdavies

Exactly !

Nobody on the Beeb or anywhere else mentioned that the oil glut of many years kept petrol prices low and killed off exploration. Nobody commented that exploration was cut down because of oil/gas companies not having the profits to invest.

People get used to low this that and the other, spend it all and then whinge when prices rise. But the government (any government) is supposed to have magically saved a load of money from somewhere to bail them out.

That does not apply to the people teetering on the breadline of course, but most of the time its not them that get interviewed.

The poor rarely get interviewed. The whingers do and why do loads of them look like they've just eaten 100 burgers ?. The terrible tragedy of the middle classes not being able to afford stuff.

[gbcol] 26/5/2022 08:38

Thought this would bounce more with positive news/rumours that the likes of UKW won’t get hit with windfall tax. Guess people are waiting for official announcement but that allowed me to pick up more this morning at 149p. Together with those I picked up recently at 148p, I think this dip will have been a useful and profitable buying opportunity. Hopefully they don’t U-turn on the U-turn.

[tuftymatt] 26/5/2022 07:53

I agree there shouldn’t be a windfall tax at all but better the big oil and gas boys than the likes of UKW.

[bothdavis] 26/5/2022 07:41

Although, not common sense in the fact that oil and gas companies suffer from great variations in profitabilty. Are we too assume that when they run at a loss the Government of the day will pay them to 'help out'?

[tuftymatt] 26/5/2022 06:56

Looks like this should bounce today based on the news of the windfall tax being aimed now at just oil and gas companies. Common sense prevails as expected.

[growthpotential] 25/5/2022 21:46

Get sunak grubby hands off. We look after the British people but this is not the way. Taxes should be cut not raised

[tuftymatt] 25/5/2022 19:28

Obviously not happy about todays late fall having topped up recently at 150 but I kind of think this whole windfall rubbish is now factored in.
Still confident we can get back to 160 once this all blows over, no pun intended!!

[gbcol] 25/5/2022 18:02

Time to hold your nerve and top up if you can IMO. That’s what I’ve been doing and will continue to do if it stays at this level or falls further. I believe this fall is massively overdone and the windfall tax worries have been overblown in regards to UKW. Time will tell if I’m correct on that one but I’m fortunate to be circa 10% on these even after the recent falls so can afford to throw a bit more money into them.

[vworlds_cambridge] 25/5/2022 17:20

Well, I guess we'll see what happens. Now sitting on -5% with these, so haven't seen any windfall personally, and will think twice about investing in UK green energy if they do hit it. Still want to do the right thing, and plenty of opportunites in other countries. Seems a strange area to hit with extra taxes IMHO.

[woodhawk] 25/5/2022 14:55

Because he's desperate - the usual cobbled-together-in-panic, badly thought out, rubbish that is typical of this useless 'Government'. Hopefully after Johnson's appalling behaviour in the House today, he'll soon be toast.

[growthpotential] 25/5/2022 14:38

Why is he trying to raid the green agenda

[growthpotential] 25/5/2022 00:02

Hands off these assets you dirty rustic Sunak

[nerja] 24/5/2022 20:13

Sunak and boris the PARTY, party are playing to the crowds! They don’t give a flying fig for the country the party only themselves, they are just wheezling the way out of the sh@t they have inflicted on us. No body seems to have pointed out on the news oh by the way mr chancellor you will have three times the amount of taxes from the consumer in October from energy bills , plus three times the corporation taxes from the energy companies etc, maybe just cut them a bit oh no blame the companies more taxes etc.
All this is doing is taking from pension funds, stopping investment in UK EG funds, increase energy bills long term, myself I have sold out of quite a few of these and others until the future is clearer, but if the country needs a better energy fix it had better provide investors with a more certain path. Good luck to all holders I will watch and wait for a clearer path before buying back in higher or lower.

[bountyhunter] 24/5/2022 18:24

Sunak probably thinks a windfall tax is a tax on wind energy he us so far removed from reality!

[topvest] 24/5/2022 18:10

Yes, they all have no guts. Central bankers ditto.

[c3479z] 24/5/2022 17:16

what amuses is the antics of Rachel Reeves who, though having a PPE from Oxford, and thus knowing what bad economics a windfall tax would be, has jumped on the focus populist group bandwagon demanding just such a tax....I would have thought this disingenuous yet what can one expect of politicians these days.

[topvest] 24/5/2022 14:47

Windfall tax is such a bad idea. You can understand a socialist government thinking about it, but the Conservatives? Populism seems to have taken over and politicians just seem to do what is popular from one minute to the next with no thought of the long term consequences.

Given Corporate tax rates have been increased by 6% from next April there is only a limited time window anyway.

In my view, a marginal extra tax on Generators is probably fairer than on oil and gas producers like BP and Shell. The latter two companies have had to contend with a truly awful 5-10 years and have made losses in 2022 to date from throwing in the towel on Russia.

I guess the impact on wind and solar will be much more limited than CCGT and Nuclear as 2/3rd of their revenue is ROC based.

[tuftymatt] 24/5/2022 12:52

£37bn spent on track and trace over two years.
There must be plenty involved in that shambles that made fortunes so are they going after them for a windfall tax!!

[c3479z] 24/5/2022 12:48

whingeing on about gas and electricity price on Radio4 right now, although many people will struggle to pay 2800 per annum from the autumn,
seems that the government is trying to recoup some of the inflation-linked renewable payments and other profits though when oil dropped to 0 to 20 dollars they were conspicuously absent so for that reason I don't agree with the popular clamour for a windfall tax. Have to hope that, if a windfall tax is imposed, it will be only at a token level to keep the left wing quiet and quell public opinion.

[tuftymatt] 24/5/2022 09:39

Picked up some more as I think it's the unknown hitting everyone today.
This will be back above 160 soon enough imo.

[apollocreed1] 24/5/2022 09:32

Maybe this is a lesson to not buy ITs when they are on large premiums because then there is no margin for error. Being patient, some news event will allow you to eventually buy them at a discount or at least close to NAV.

[apollocreed1] 24/5/2022 09:30

This guy is the biggest socialist in the whole party. But none of the current government are conservative anymore. They are even planning to put the windfall tax on renewable companies running wind farms.
Even the Dems in the US haven't instituted a windfall tax.
They just take orders from their wives and the media:

"UK finance minister Sunak orders plan for windfall tax on electricity generators -FT"

hxxps://uk.investing.com/news/commodities-news/uk-finance-minister-sunak-orders-plan-for-windfall-tax-on-electricity-generators--ft-2654885