Greencoat Uk Wind Share Discussion Threads

[spin doctor] 22/8/2017 19:09

Stew, I'd be careful about adding more in the short-term as following today's acquisition, gearing limit us up to 38%, shares sit at a premium to NAV, and the Company says there is value to be found in the secondary wind farm market - I'd be surprised if there wasn't another capital raise mirroring that of October 2016 (see RNS below) which will see the share price premium fall for a few weeks.

In the medium/long-term this is a lower risk and diversifying investment likely to yield (NAV growth + div) 8% in line with strategy - notwithstanding macro factors outside its control such as long-term energy prices.

25 October 2016
Greencoat UK Wind
Announcement of Net Asset Value and Dividend and Launch of Second Issue under Share Issuance Programme
Greencoat UK Wind plc (the "Company" or "UKW"), the leading listed renewable infrastructure fund, invested in operating UK wind farms, today announces the launch of the Second Issue under its Share Issuance Programme (announced 14 April 2016). The proceeds will be used to pay down the Company's Revolving Facility Agreement enabling UKW to pursue a pipeline of attractive investment opportunities.

[ygor706] 20/2/2017 08:38

Reults out on Thursday.

[rolo7] 20/1/2017 15:56

Breakout here bigger divi with debt reduced and night power prices?

[rolo7] 30/11/2016 13:57

anyone else will waiting for ukw shares from placing to go into their account?

[rolo7] 19/11/2016 20:44

A good take up of shares, debt reduced and finance charges, power prices forecast pre brexit in interim results.

[bench2] 10/11/2016 22:19

Did anyone see an article about windmills killing Bats ? Some wind farms to be asked to close down at night to save the Bats .

[a0002577] 15/9/2016 18:37

Try this link and see who was 335th in the list

[rolo7] 01/9/2016 18:12

Many thanks typo56

[typo56] 31/8/2016 21:29

Going into FTSE250 tomorrow because HOME leaving FTSE (acquired by SBRY). MRO is a separate issue (it wasn't in the FTSE 250).

[rolo7] 31/8/2016 15:19

going into fste 250 as MRO went to standard listing today?! nice quarterly dividend will attract a few funds?

[jaws6] 06/2/2015 13:08

big scale down in placing too P I.

[spin doctor] 05/2/2015 22:01

Well I was wrong; see announcement below; surely it is this that shifted the share price

Interesting how the share price moved abruptly to the placing price more than a week before the announcement....

Having said that, this looks now to be at a discount to fair value.



Barclays Bank PLC
05 February 2015

PROPOSED PLACING OF AT LEAST 40 MILLION ORDINARY SHARES IN GREENCOAT UK WIND PLC ("GREENCOAT" OR THE "COMPANY")
5 February 2015
The Department for Business, Innovation and Skills ("BIS") announces its intention to place at least 40 million ordinary shares (the "Placing Shares") in the capital of the Company at a price of between 103 pence and 105 pence per ordinary share. Greencoat will not receive any proceeds from the sale.

The Placing Shares are being offered by way of an accelerated bookbuild (the "Placing"), which will be launched immediately following this announcement and is expected to close no later than 12.00pm on 6 February 2015. Barclays Bank PLC, acting through its investment bank ("Barclays") and RBC Capital Markets are acting as joint bookrunners on the transaction ("Joint Bookrunners"). Winterflood Securities Limited ("Winterflood") is also working on the Placing.

The Placing Shares, in all respects, rank pari passu with the Company's ordinary shares.

The final number of Placing Shares to be placed will be agreed by Barclays, RBC Capital Markets and BIS at the close of the bookbuild process, and the results of the Placing will be announced as soon as practicable thereafter. The timings for the close of the bookbuild process, pricing and allocations are at the absolute discretion of BIS.

Commenting on the proposed placing, Business Secretary, Vince Cable said:

"The department invested in the launch of Greencoat UK Wind in March 2013 to help establish a new market for operational renewable energy assets. We wanted to allow developers to recycle their capital into new renewable construction projects and to help grow this important sector. This sector is now well-established, with six listed renewables infrastructure funds worth more than GBP1.7 billion, and so it is an appropriate time to reduce the department's shareholding."

[spin doctor] 26/1/2015 20:16

Surely this is a consequence of EU 'easing' and altered risk perceptions; the money is shifting from UK Green Energy 'yield' to mainstream EU growth.

The Telegraph is continually negative on wind power. In actuality, this Autumn and Winter has seen good yields:

[daveofdevon] 26/1/2015 15:34

Found it, the headline is in the Telegraph dated 20th Jan as follows :

"Electricity demand hits highest this winter - as wind power slumps to its lowest"

For some reason it has some form of protection which presents me putting up the link but I googled "Wind Power" and searched news items and it was top item

[daveofdevon] 26/1/2015 12:58

There was a report published late last week that was critical of the renewables market the general tone being that wind power in particular was just a politically inspired fad but data showed that when power was most needed it was not being delivered. Damned if I can remember where I saw it.

[sailor steve] 25/1/2015 23:41

SP is now below the recent capital raised at 107p with quite a steep drop in recent days. Does anyone know the i/d of the seller(s) - timing just ahead of the dividend announcement looks odd when this share should only be held for yield.

[spin doctor] 19/11/2014 20:58

Looks like this is responding to the more benign medium-term interest rate picture. UKW offers a low risk inflation-linked 6% versus deposit rates stuck at rock bottom....

I doubt the 'interesting opportunities' will transform NAV or yield.

[qs99] 15/11/2014 12:34

Anyone else got any up to date views??

[qs99] 13/11/2014 08:28

recent director buying alerted me to this share. near 6% yield looks great, green industry attractive, profitable and keeping a lid on leverage..."interesting opportunities" were being investigated a while back, so hopefully some news flow to come as well...

[whum] 31/8/2014 07:18

ygor the philosophy of this company is to maintain
above inflation income over the long term as opposed to
short term capital gains. Given that bank saver deposit rates
are around 1%, the return of 6% + inflation(on launch price) has got to be the rationale for investing here.