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| 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
|
|
|---|---|---|---|---|---|
| 0.60 | 0.43% | 140.10 | 3,326,505 | 16:35:25 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 140.50 | 140.70 | 141.80 | 138.60 | 138.60 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 234.38M | 126.19M | 0.0548 | 25.64 | 3.24B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 18:52:37 | O | 3,189 | 140.257 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 26/4/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
| 25/4/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
| 24/4/2024 | 16:11 | UK RNS | Greencoat UK Wind PLC Result of AGM |
| 24/4/2024 | 14:00 | UK RNS | Greencoat UK Wind PLC Net Asset Value and Dividend Announcement |
| 24/4/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
| 23/4/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
| 22/4/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
| 19/4/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
| 18/4/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
| 17/4/2024 | 07:00 | UK RNS | Greencoat UK Wind PLC Transaction in Own Shares |
Greencoat Uk Wind (UKW) Share Charts1 Year Greencoat Uk Wind Chart |
|
1 Month Greencoat Uk Wind Chart |
Intraday Greencoat Uk Wind Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/4/2024 | 12:25 | GREENCOAT UK WIND | 986 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-26 17:52:50 | 140.26 | 3,189 | 4,472.80 | O |
| 2024-04-26 17:04:04 | 140.10 | 806 | 1,129.21 | O |
| 2024-04-26 17:04:04 | 139.10 | 22,767 | 31,668.90 | O |
| 2024-04-26 16:43:44 | 139.21 | 33 | 45.94 | O |
| 2024-04-26 16:43:44 | 139.49 | 13 | 18.13 | O |
| Top Posts |
|---|
Posted at 26/4/2024 09:20 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 139.50p.Greencoat Uk Wind currently has 2,304,214,116 shares in issue. The market capitalisation of Greencoat Uk Wind is £3,237,420,833. Greencoat Uk Wind has a price to earnings ratio (PE ratio) of 25.64. This morning UKW shares opened at 138.60p |
Posted at 24/4/2024 19:08 by marktime1231 Well we got the 2.5p dividend but a 4p or so decline in NAV. Nothing about current trading or things like how much in cash we are, unless it was discussed at the AGM. I wonder what the NAV bridge looks like, is it in the linked doc? Not quite the boost to share price I was hoping for, not yet anyway.Expressing surprise that 11% voted for winding up. It will not surprise me in fact I will be laughing if that is because some folks blindly ticked Yes to all resolutions not realising the need to say no to 17. One to remember when reviewing the performance of the secretariat and investor relations who bungled the voting format. I can't imagine significant investors genuinely seeking to wind up UKW given its performance and outlook. |
Posted at 14/4/2024 12:52 by marktime1231 So instead of or as well as buying back shares which cost you over 7% in dividends they can pay down debt (from surplus cash or by issuing new shares?) much of which is long term non-recourse and very cheap eg 3%, even the credit facility only costs around 6% I think. Whereas investing in additional assets ought to return even better if prices hold up. Let's not start worrying about some of the oldest subsidies on a tiny fraction of assets coming to an end in three years time.As the board said they are continuously looking at all the options and reviewing which is the best use of cash or capital, a fine balance depending on power prices, interest rate outlook etc etc. But in the short term they have been impelled to run a small buyback to support the share price when it fell to 130p and try and close the discount gap, sort of obliged to respond according to the terms of the trust when it widens over 10% for a sustained period. All good trusts seek to manage the discount or premium by cancelling or issuing shares in this way. Every share they buy is 20p or more off its resale value and saves 10p a year in dividends ... win win. As things stand with the share price subdued they may feel obliged to continue a small buyback. Deleveraging can wait, and would be best achieved by asset disposal rather than deploying cash. But I would rather they continue boldly to acquire and grow while accretive assets are still available. |
Posted at 13/4/2024 15:05 by nickrl UKW very rangebound despite them being in the market everyday to hoover up 300k shares. Barely one quarter into the buyback but you have to wonder what will happen to share price once it comes to an end. |
Posted at 21/3/2024 12:48 by marktime1231 A positive research note from Kepler (paid for?). I didn't spot a target price, but there is an implied share price uprating of 10-20% due from closing the discount and the ongoing opportunity to strengthen NAV using free cash flow which continues to comfortably cover the dividend eg by acquisition, debt reduction and buybacks.And a good observation that the progressive dividend will continue to be covered even in a weaker power price environment and even if some parcels of debt have to be refinanced at higher rates. I am happily reassured UKW remains a standout pick in the renewables sector, but frustrated that the share price does not reflect performance or outlook. Sufficiently overinvested here not to want to add further so its a case of waiting for common sense to prevail and happily banking the excellent dividend income. |
Posted at 01/3/2024 13:41 by marktime1231 The hold co and spv structure is pretty complex, my attempt to read through the detail of the report yesterday evening didn't get very far, will try again.I did note that the buyback is running at a pretty slow rate, only £20M of a possible £100M spent after 4 months. There is a chance that, if the share price recovers strongly, they might reallocate the money, the report does stress they are continuously looking closely at how best to allocate capital. The pressure to run the buyback remains high until the discount closes to 10% which is now around 148p. They do however seem to have a good handle on all the group debt, a lot of which is non-recourse and on long term low rates. It is the flexible finance facility which needs paying down. Given there is already a Capital Markets event scheduled for early May, could they be thinking of a further raise to take advantage of the good offers they say keep coming their way and perhaps reduce the gearing? All depends on the share price and discount to NAV no doubt, not much point reissuing shares at 138p if you have just bought them back at 142p. Meanwhile even a token £50M or so allocation of free cash to group debt reduction would sit well with those bothered by that. Personally in this particular case of UKW I am not so worried and bold accretive expansion is fine with me. Also, while the headline debt is in your face and reduction would be welcome, the spv debt is amortised eg older onshore projects are being paid down slowly over their lifetime I think at about £50M per year across the portfolio. The opportunities, apart from the obvious market price for energy, include life extension and better wind conditions having had three poor years in a row. We don't get a trading update to tell us how things are going year-to-date unfortunately, but we are due some upside on generation. |
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 26/10/2023 13:31 by marktime1231 The board sharing our frustration at the wide discount to NAV, which has held up at 166p thanks to the most recent acquisitions. Emphasising the quality of cash flow, covering the previous dividend x 2, and that was before the latest additions added 10% to income generating capacity.A canny move then to announce a "special" dividend uplift to 3.43p in the next quarter, when the coffers will be overflowing. 10p next year is 7.5% on a 130p share price when it was announced, and puts UKW firmly in the high yield bracket. And an immediate buyback, a modest c. 3% of capital but will add more than 10% to typical daily trade. That is impressive total return for not much risk. I'm sure the UKW board would like to continue adding assets from free cash flow when choice targets become available. I suspect even after today's announcements there could be around £100M pa surplus, but not so much borrowing headroom perhaps. So I don't think this signals the end of ambitions to expand, but for now the priority is to try and restore shareholder value. Let's hope this stimulates a share price recovery, if not from institutions then retail investors, surely UKW will be top of the tips this weekend. |
Posted at 26/7/2023 12:55 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 18:13 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. |
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