Jlen Environmental Assets Group Limited

0.40 (0.34%)
Share Name Share Symbol Market Type Share ISIN Share Description
Jlen Environmental Assets Group Limited LSE:JLEN London Ordinary Share GG00BJL5FH87 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.40 0.34% 117.40 562,722 15:22:29
Bid Price Offer Price High Price Low Price Open Price
116.80 117.40 117.60 115.80 116.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Investment Advice 192.89 185.01 28.00 4.18 776.64
Last Trade Time Trade Type Trade Size Trade Price Currency
17:33:51 O 21,707 116.623 GBX

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Date Time Title Posts
15/9/201623:11John Laing Environmental Assets Group4

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Jlen Environmental Assets (JLEN) Most Recent Trades

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Posted at 02/6/2023 12:49 by a0002577
my phrase, route1 - but describes it well. Low High for last six months by the way is 103 to 135. I sold out at 127 having bought in at just about 100. Back in when price drops.
Posted at 30/5/2023 11:19 by a0002577
Well, Route1. I have followed and invested in JLEN since launch (and all the other Green Funds#) and they all go on an annual share price walkabout. Here's the annual swing for JLEN

Yr Low High
2014 100.00 108.00
2015 98.88 109.50
2016 92.25 107.25
2017 102.38 112.75
2018 99.20 109.25
2019 105.50 123.00
2020 93.00 124.50
2021 97.20 116.50
2022 101.60 135.00

There seems to be no rhyme or reason behind thee swings but you can trade them - and I do.

Posted at 26/5/2023 15:45 by route1
The share price is trending down right now ahead of the year end results on 15 June.Have I missed something or is it just market conditions?
Posted at 24/2/2023 13:47 by route1
Considering recent acquisitions, I am left wondering why movements in the share price are both dull and negative.Any thoughts?
Posted at 23/1/2023 07:42 by rik shaw
Net Asset Value
JLEN announces that its unaudited Net Asset Value ("NAV") at 31 December 2022 is GBP816.7m (123.5 pence per share). This reflects a decrease of 0.9 pence per share from the 30 September 2022 adjusted NAV of 124.4 pence per shares, which included an adjustment for the UK government's Electricity Generator Levy announced in the Autumn Statement in November 2022.

The movement is due to the net impact from a decline in near and medium term power price forecasts provided by independent third party consultants (-3.4p), operational gains from investments performing above expectations for the period (+0.7p) and an increase to the 2023 forecast rate of RPI to 6.5% reflecting an average of recent independent economic forecasts (+1.7p).

The Company also announces a quarterly interim dividend of 1.78 pence per share for the quarter ended 31 December 2022, in line with the dividend target of 7.14p per share for the year to 31 March 2023, as set out in the 2022 Annual Report.

Dividend Timetable Ex-div 2 February 2023 Payment date 24 March 2023

Posted at 18/11/2022 17:54 by carterit
Winterflood also pointed out that if biogas was confirmed as exempt, it would benefit JLEN Environmental Assets (JLEN), a diversified fund that generates some of its revenue from the sale of heat and biogas and enjoys some subsidy in the form of the feed-in-tariff scheme.

Funds such as Greencoat UK Wind (UKW) and Bluefield Solar Income (BSIF) with the highest exposure to subsidised CfD and ROC revenues should see a smaller reduction in NAVs, said Winterflood’s Ratnasingam.

UK Wind rose 3% yesterday, one of the biggest risers in the sector, and rallied another 3.7% today. Foresight Solar (FSFL) and NextEnergy Solar (NESF) gained over 2% yesterday.

The latter’s rise may have surprised Ratnasingam as he believed FSFL could be the most vulnerable to a knock to NAV as it had recently set its power price assumption at the higher end of the sector range of £80-£175/MWh for 2023 and £65-£150/MWh in 2024.

By contrast, he said NESF was ‘relatively attractive’ because of its investments in battery storage through a 500MW joint venture with Eelpower. Investor’s Newell estimated it was in line for a reduction in NAV of just 0.3%.

However, further clarification is needed as Chande included NESF, BSIF and UKW in a list of five that also included Renewables Infrastructure Group (TRIG) and JLEN he believed could see reductions of around 2.5% in NAV.

‘Arguably this is already reflected in discounts,’ he said. Until the smoke clears, however, those gaps between share prices and NAVs look set to remain.

Posted at 05/10/2022 13:39 by mrnumpty
Another point is that , at a 4.83 discount to net asset value , this is the first time , according to the share price graph provided by Hargreaves Lansdown , that JLEN has traded at a significant discount . Those five years evidently include the spring of 2020 , when stock markets crashed , and I distinctly recall the morning then when the FTSE100 collapsed by just over 10% . According to a recent buy tip by the Daily Telegraph , JLEN is the most broadly based of all the renewables funds and , as long as NAV continues to increase , the share price should eventually follow suit .
Posted at 28/9/2022 20:05 by melody9999
Yep - the BOE move today and the subsequent share price reverse upwards demonstrates you are right edwardt. Has less to do with windfall tax worries or Starmer's GB Energy.

If you can get 4 - 5% bond yield with no risk, why take risk to only get the same yield with JLEN?

Posted at 28/9/2022 08:35 by mrnumpty
The explanation for the slump in the share price of JLEN is to be found on the page 4 of today’s Telegraph in an article titled “ Starmer : Power to the people will lower bills : Labour wants publicly owned national energy company to generate cheap and green electricity “ . Starmer wants to create a body to be called Great British Energy , using an £ 8 billion National Wealth Fund to increase green electricity generation , and he says he will do this within a year of coming to power . However , whilst the crises which this country has been staggering through for the last two-and-a-half years ( exacerbated by current government incompetence in my humble opinion ) seem to be making a Lab government increasingly likely , the next General Election doesn’t have to take place until two years , plus up to a year for Starmer to realise his dream , JLEN could surely move in to Green projects in other countries . Also , in my humble opinion , whilst the thought of a Socialist , taxpayer-funded Green juggernaut competing with JLEN is a concern , JLEN is currently at an extremely cheap price-earnings ratio of 3.84 and has a dividend yield of 6.17% . Do your own research , but I suspect that the horse has already bolted on
the share price of JLEN , so I’ll remain here . However , this is yet another proof of Mr Numpty’s First Rule of Investing : there’s no investment which can’t be messed up by politicians ( that group which , being protected by gold-plated pensions and living within a bastion of special , largely hidden privileges , has no need whatsoever to have private investments ) .

Posted at 11/6/2021 11:12 by gateside
JLEN share price will go nowhere till that NAV improves.

This is my worst performer in my portfolio in 2021

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