Greencoat Uk Wind Share Discussion Threads

[marktime1231] 31/8/2022 11:13

I wonder if UKW has eyes on a stake in Hornsea Two now it is fully operational, to go with its recent acquisition of 12.5% of Hornsea One? The more modern installations are more efficient with higher load factors eg they still contribute in lighter wind speed conditions.

The share price here going well no doubt thanks to inflation forecasts, extreme wholesale prices this winter, and thankfully a forecast for stronger wind speeds after a mostly calm August.

[nerja] 24/8/2022 20:32

This was pretty much the same price two years ago slightly lower divi, Bsif was higher two years ago same divi so where is the great profit been I can’t see it on any of these solar wind trusts for shareholders anyway.

[c3479z] 24/8/2022 20:22

are the Rocs safe as they were contractual commitments?

[ammons] 24/8/2022 19:57

When is a windfall tax not a windfall tax? When it is given a different name or it is a permanent change of tax arrangements. I dont see how the renewables can escape unscathed.

[ammons] 24/8/2022 19:55

hxxps://www.telegraph.co.uk/news/2022/08/20/kwasi-kwarteng-rein-green-profits-energy-price-cap-set-soar/

==============

Kwasi Kwarteng to rein in green profits as energy price cap set to soar to £6,000

Business Secretary wants firms to stop selling cheap renewables at high wholesale prices, as inflation squeezes household budgets.....................

The Telegraph can reveal Mr Kwarteng, the Business Secretary, is also preparing to intervene in the energy market in an attempt to stabilise the “crazy” profits of renewables firms.

[petewy] 24/8/2022 19:00

And the rest of them....YCL er

[smidge21] 24/8/2022 15:51

Methinks that it is premature to judge that Truss can be trusted

[marktime1231] 24/8/2022 15:38

Truss is on record as against windfall taxes.

Reducing the size of the state, squeezing public sector pay while there are record private sector vacancies, promoting business, capital investment and capitalism over nannyism, lower taxes, tough welfare is on the cards.

[cc2014] 24/8/2022 14:17

The problem is that the government can't keep borrowing to fund every problem.

And people can't afford any more tax

So, the only solution is a transfer of wealth from the invidividuals/companies to the government

[ammons] 24/8/2022 12:15

Seems distinctly possible that the renewables will face some sort of windfall tax (maybe by another name) once Truss takes over and Kwarteng becomes the chancellor as seems likely.

hXXps://unherd.com/thepost/wind-farms-are-profiteering-during-britains-energy-crisis/

Unherd is a right wing thinking publication. Other similar publications are saying pretty much the same thing.

[growthpotential] 12/8/2022 14:46

China guzzling too much oil and burning too much coal

[11_percent] 08/8/2022 07:14

Off to a nice start this morning......"buys" rolling in.

[yump] 05/8/2022 14:25

Interesting rise today. Did a quick comparison recently of the NAV vs share prices for a few renewables trusts and it looks like many share prices have already risen steeply after significant increases in NAV, whereas UKW only seems to have done 1/2 the equivalent rise.

I don't know enough about the differences between trusts to know why that might be.

Perhaps about to change.

[jasperthemonkeygod] 01/8/2022 12:01

one of my better buys

[tuftymatt] 01/8/2022 10:19

Yeah really positive and now for a new 2022 high 😀

[marktime1231] 01/8/2022 10:16

Heavy trading this morning and finally the share price takes off, just twanged up 3p presumably because floating shares have all been hoovered up. Keep going.

[2wild] 29/7/2022 18:53

The peak was a couple of months ago at 160.4p. Suspect Cher price being held back by impending windfall tax. to be fair this industry has received large subsidies over many years.

[rustle2] 29/7/2022 12:48

Even HL are recommending us now. Maybe we are reaching a peak!

[marktime1231] 29/7/2022 11:18

Gross asset value will increase by acquisition.

Mkt cap will increase thanks to the surplus cash flow and further NAV progress, if only the share price will track up as well, what happened to that 13% premium. Grrr another puzzling muted day. Did punters want a dividend increase?

We need to be approaching £1.72 to get to £4B and one of the top 5 candidates, and there are up to 5 FTSE100 relegation prospects. None of this is automatic but it feels like there is a realistic chance of knocking on the door by year end.

My guess is UKW will be trading at £1.75 in the next 6 months, driven by benefits from the terrific boost to cash flow from extraordinary energy prices.

[cc2014] 29/7/2022 06:34

#524.

I don't think it will work like that. The Horsea deal will add physical assets but the amount of cash held will decrease and the debt will increase. Overall the asset value won't change...

However, the cash and debt will generate an income stream which will add value and the current cashflow exceeds the dividend going out so valuation should rise by something in due course

I took a closer look though. UKW is currently 103rd with a market cap of £3.55b. Automatic FTSE entry is around £4.3b, but that much isn't needed if someone gets automatically demoted.

There are 5 companies currently "in the queue/more likley" to get promoted than UKW. Also, there are a number of companies in the bottom 10 of the FTSE100 which look very vulnerable to a market slowdown.

Another fund raise would make a big difference.

[marktime1231] 28/7/2022 23:20

Here's a further thought. The Hornsea One deal to complete this quarter will take gross assets above £5B, and mkt cap should be heading towards £4B by year end. That pushes UKW towards the top of the group vying for admission to the FTSE100.

[riverman77] 28/7/2022 17:50

I agree having done a bit of research on the sector - UKW is the most directly exposed to energy prices, which can lead to more volatility but exactly what you want right now. Also, if we do have a winter energy crisis, then you definitely want wind power, as there's not going to be a lot of solar generation.

[c3479z] 28/7/2022 16:23

see a recommendation by a fund manager in the questor column, Daily Telegraph today as the standout buy in the renewables trusts presently.