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UKW Greencoat Uk Wind Plc

126.00
0.50 (0.40%)
Last Updated: 08:13:44
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Greencoat Uk Wind Plc LSE:UKW London Ordinary Share GB00B8SC6K54 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.40% 126.00 97,160 08:13:44
Bid Price Offer Price High Price Low Price Open Price
125.20 126.00 126.00 126.00 126.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 234.38M 126.19M 0.0556 22.57 2.85B
Last Trade Time Trade Type Trade Size Trade Price Currency
08:13:44 O 5 126.00 GBX

Greencoat Uk Wind (UKW) Latest News (2)

Greencoat Uk Wind (UKW) Discussions and Chat

Greencoat Uk Wind Forums and Chat

Date Time Title Posts
20/11/202414:35GREENCOAT UK WIND1,097

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Greencoat Uk Wind (UKW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:13:44126.0056.30O
08:13:44126.00911.34O
08:13:44126.008751,102.50AT
08:10:29125.821,6342,055.89O
08:10:25125.82398500.76O

Greencoat Uk Wind (UKW) Top Chat Posts

Top Posts
Posted at 20/11/2024 08:20 by Greencoat Uk Wind Daily Update
Greencoat Uk Wind Plc is listed in the Finance Services sector of the London Stock Exchange with ticker UKW. The last closing price for Greencoat Uk Wind was 125.50p.
Greencoat Uk Wind currently has 2,269,243,264 shares in issue. The market capitalisation of Greencoat Uk Wind is £2,847,900,296.
Greencoat Uk Wind has a price to earnings ratio (PE ratio) of 22.57.
This morning UKW shares opened at -
Posted at 20/11/2024 12:08 by marktime1231
UKW share price has sunk well below the floor price at which I was going to add again. But I am holding off, the sneaky opaque quarterly update in October has shaken my trust. Not going to add to my holdings until there is a transparent report to confirm good health.
Posted at 28/10/2024 13:03 by marktime1231
A glib response from a media type on behalf of UKW, that the factsheet can now be found buried away on the website, they obviously don't care.

I remain furious, the update was a deliberate attempt to obscure, to not tell investors in a transparent and accessible way, what we need to know about the performance of UKW. Not behaving in a trustworthy way. I hope others have written to share frustration at the way they have handled communications. Worth keeping in mind when Chair Riches and SID Winser ask for re-election.

Of course we little guys don't really matter, but a bit of grumpy feedback is due. It does feel as though confidence in the share price has been eroded and that affects everyone.
Posted at 25/10/2024 11:00 by marktime1231
The 30 Sep 2004 factsheet is now on the UKW website



It contains all the bad news. Q3 generation was 9% under budget, oh again again again with the under budget reports. Noting that 9% under generation probably means around 15% income shortfall. No further details given, not sure if this is just low wind or also because of other issues such as outages and faults, maintenance etc. Makes you wonder if the budgets were wrong in the first place doesn't it.

I wonder therefore where the cash has come from to continue the modest buyback and to invest in the further Kype Muir acquisition. Already in the bank from last year or a slight increase in net debt. Gearing remains around 39%.

As has been commented the £70M so far spent on buybacks has lost its umph, the share price falling back from the mid 140s to now the mid 130s and for negligible NAV impact.

Net cash flow was 2.4p versus 2.5p dividend.

A very simple NAV ladder is provided which could so easily have been included in the trading update rns. No adjustment for future power prices.

Fingers crossed generation recovers, a windy Winter with stronger prices is what we need.
Posted at 24/10/2024 15:31 by marktime1231
Well hmmph!

Who puts out a routine update rns at 1pm, I mean why would you. And why not include a summary of NAV movement in the rns instead of hiding it in a factsheet on the website - especially as the factsheet is NOT on the website as claimed.

No comment at all on trading or generation, wind conditions etc! An income stock providing a trading update without mentioning income or trading performance. Aaaaaaaaagh! Is it because the 2.5p sustained dividend was not covered by income in the period, does that explain the small drop in NAV? Or does the £14.25M acquisition from available cash suggest there was (would have been) a small surplus? Sorry for speculating and worrying but if everything is plain and simple and nothing to worry about why not tell us in the rns you plonkers.

Debt seems well managed, refinanced for longer with just a tiny rise in average cost to 4.68%, ought to be a signal that gearing is affordable. So why headline that UKW are actively pursuing selected disposal opportunities to reduce gearing? At the same time as making a small acquisition.

No comment at all on the current buyback nor the persistent share price discount to NAV, other than the oblique comment that a disposal would enable capital returns.

Oh how frustrating, what an infuriating way to treat interested investors, no wonder there is a lack of market confidence in the share price 2p knocked off since the rns. Damn and blast.
Posted at 18/10/2024 15:39 by marktime1231
No desire to get drawn in to another debate about the pros and cons of buybacks, whether the current programme is sufficient or is making any difference etc.

UKW has made it clear it has under active review the relative strategic value of debt management, expansion and buybacks when deciding how to deploy cash surplus to its splendid dividend commitment. Always evaluating potential acquisitions. In seeking the right balance it is aware it is under an obligation to support the share price when the discount to NAV widens beyond 10%.

At 135p the discount is about 15%. While the share price languishes under 145p I expect the board will want to continue to support the share price with limited buybacks. I would be equally content if it could expand UKW assets and income generation at a similar discount to NAV.

For whatever reason the share price is trading in unloved territory, much lower and I will be buying again.
Posted at 11/9/2024 12:06 by marktime1231
The windy season has arrived early this year. Blowing strongly enough from the second half of August for ESO to rack up record levels of curtailment costs in recent weeks. Clearly their base plan did not anticipate so much wind generation. A double plus today with solar contributing too.

And yet the wind generation available has not been overwhelming, so I wonder why it has not all been used in favour of gas, biomass and imports. In addition to the argument that some renewable generation is in places which the grid network cannot handle easily, is it possible that for some assets it is cheaper to import or burn gas rather than consume homegrown renewable energy? Or is it ESO being lazy and inefficient? Can't be doing the battery storage sector much good.

UKW share price continues to tread water, waiting for not sure what, but my guess is we are at last going to get a trading report which is above budget and the resulting surplus cash flow will be very welcome.
Posted at 15/11/2023 12:50 by marktime1231
The standing charges are awful as you say, the electricity one really jumped didn't it. They punish households for being energy efficient. Also set via an OFGEM cap. I think they are supposed to pay for the development of infrastructure, and so on. But the more which goes on the standing charge the less competitive the market is via tariffs.

The wholesale system is not working, all the retail challengers have gone bust. No wonder the govt are looking at market reforms via the REMA consultation which, as nickrl and others have warned, may dent UKWs earnings outlook and NAV. I vote we abolish OFGEM, an expensive shambles.

Great response from UKW share price to news that UK CPI is plunging, the chance of a return to 160p in the next few months is looking reasonable. On the other hand it means yield here has dropped under 6% and looks relatively pedestrian. The snap buyback has probably helped the share price recovery but with the discount back in single figures the case for it has diminshed.
Posted at 26/7/2023 11:55 by marktime1231
Hard to disagree with fund manager Stephen Lilley. The ability of UKW to progress dividend with inflation is assured because of the index-linked price of wind energy. The discount to NAV in the current UKW share price is unreasonable, and the way to respond to that is to buy more.

He needs to convince those long-term investment institutions currently run to cash or bonds that the level of gearing is not a problem.

UKW is solid so long as the wind blows, the ESO doesn't curtail wind farm output in favour of cheaper imports, and Greencoat don't get tempted in to risky or troubled developments.

If we flirt with 140p again I will be happy to add some more.
Posted at 18/11/2022 17:29 by marktime1231
Strong finish UKW share price back to about par with NAV.

Good to see wind power continuing to contribute strongly to the generation mix, allowing net export to Europe. UKW operating performance might be ahead of budget in the months before the Electricity Generator Levy, a supertax on super-profits which sounds better than Rees-Mogg's cost-plus-revenue idea.

So we already had a £6.6B energy efficiency budget to 2025. Who knew? A future extension of £6B to come, and an Energy Efficiency Taskforce / csar to deliver 15% demand reduction from buildings (mostly the government's own?) and industry (we still have some?). Reducing average or peak demand by about 5GW by 2030. Well at least with a target and someone in charge of delivering it there is a chance of progress, but this sounds different from subsidising domestic insulation and heat pumps.

Not too sure why the govt are targetting demand reduction though, we the consumers have all already done our bit and more with home and appliance improvements, rooftop solar etc. Average intermittent renewable generation will grow around a third or 10GW by 2030, we will have an increasing surplus when the wind blows and the sun shines. Just as well, the rise of EVs means an overall demand increase of around 10%. I imagine demand will rise further with supply, otherwise the new wave of generators will be in trouble. There will certainly be new demand for air conditioning with more Summers like this one.

I would like to have heard more about the "security" bit of the govt priority of delivering energy security. More than investing in Sizewell C to replace old nuclear. So what then ... not more interconnectors surely. No mention of new hydro or battery storage that I heard. Maybe we need to hear from an Energy Minister (who is?) rather than the Treasury.
Posted at 30/9/2022 17:13 by marktime1231
Blowing a gale can't be bad for business. Surprised UKW share price hasn't recovered to NAV which must be up around 156p as we end Q3? Already fully invested way back but I agree this is cheap at the moment for anyone looking to top up.
Greencoat Uk Wind share price data is direct from the London Stock Exchange

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