Greencoat Uk Wind Share Discussion Threads

[jonwig] 03/3/2014 08:22

Yes, I read that and felt I was a bit overweight in this sector.

I've sold my UKW but kept the TRIG. A pity, as the yield was so good.

[stockonomist] 03/3/2014 00:09

Wind farm earnings hit by plans to freeze carbon tax



Companies likely to be affected include Greencoat UK Wind, whose prospectus ahead of the flotation last year highlighted how wind farms stood to benefit from the carbon tax, and The Renewables Infrastructure Group (TRIG), which owns wind and solar farms and said in its results last week that it would see a slight reduction in NAV per share if the tax were frozen.

[bench2] 29/1/2014 09:37

Any reason for the big fall today ?

[rustle2] 03/1/2014 13:14

Thanks Dave, that makes sense and stirs a memory of reading that before.

[daveofdevon] 03/1/2014 12:10

My understanding is that we will start with a 6p annual dividend paid as 3p each half year. The interim last September was pro rata for the opening 3 months

[rustle2] 03/1/2014 11:36

I'm confused by the company website.
Their financial calendar has two interim dividend payments Feb 2014 and Aug 2014.
We had an interim in Sep 2013 of 1.5p.
So in Feb 2014 we expect a FINAL dividend of 4.5p to achieve the stated aim of 6.0p.

Is this right or am I just confused by the terms?

[topvest] 14/12/2013 17:26

Yes, reflects the poorer sentiment on green energy over the last few months. Still a successful fund raising though.

[jonwig] 13/12/2013 08:52

£83m (gross) raised against target of £135m max.

[topvest] 16/11/2013 08:19

Yes, I agree ROC accreditation is safeguarded. Its future projects at risk a couple of years down the track. I really can't see much impact as we need solar and wind assets to improve the renewable mix. It's the ECO programme that is really expensive as that's effectively a £1 for £1 pass through on customer bills for money spent now. This is the loft insulation and other associated subsidy schemes. Much of this is forcing spend above a natural economic rate in my view and could easily be halved, without too much impact.

[topvest] 15/11/2013 21:26

I will take up the open offer entitlement. I don't think there is any real danger of subsidies being withdrawn here or on solar assets. It's the ridiculously expensive ECO scheme that is going to get pegged back a tad in my view as that has the biggest impact on customer bills.

[jonwig] 15/11/2013 07:20

Fundraising as expected:



Open Offer 1:2 at 102.5p with opportunity to apply for excess.

Wind farms haven't quite the attraction they had earlier in the year. I suppose they'll get this away, but I can't see much enthusiasm.

҉

[topvest] 09/11/2013 19:29

Why? All seems pretty positive here.

[metier9] 09/11/2013 09:31

Didn't manage to read the RNS yesterday. That news surely was not welcomed.

[ronan7] 08/11/2013 13:07

one on my watch list

jez may issue half the value of co. in shares to clear debt...what price 90p?

[metier9] 25/10/2013 10:56

I don't if it still has the covenant about closing the fund and selling the assets when the price is 20% below the NAV. At least we have a stop loss as such!

[daveofdevon] 25/10/2013 10:09

Yep...dear oh dear I am starting to lose the plot

[jonwig] 25/10/2013 09:14

Dave - wasn't it 1.5p? (xd 28/08, paid 20/09)

[daveofdevon] 25/10/2013 08:43

Since the peak in August the fall has been just under 5p. During that time the shares went XD for 3p which explains the major part of the drop.

[jonwig] 25/10/2013 06:34

It seems to be general amongst similar funds - maybe some uncertainty about future onshore wind farms - Tories don't like them.

Subsidies for existing farms will continue, but new ones will be hard to find.

[bench2] 24/10/2013 20:48

Any idea why price is slipping back towards 103p?

[hindsight] 14/10/2013 09:48

Hi Jonwig, here the news link

[jonwig] 10/10/2013 12:30

Sorry - I don't understand what you mean by "geared up the VCT". I haven't read anything about that.