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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -1.12% | 88.60 | 88.30 | 89.20 | 89.40 | 88.60 | 89.30 | 1,064,014 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investment Advice | 108.45M | 98.3M | 0.1486 | 5.97 | 586.78M |
Date | Subject | Author | Discuss |
---|---|---|---|
25/6/2021 13:30 | Dividend in my account this morning :-) | gateside | |
14/6/2021 09:05 | JLEN: the acquisition of a 100% equity stake in Cramlington Renewable Energy Developments Ltd ("CRED"), which owns a Biomass Combined Heat and Power plant ("CHP Plant") and its underlying contracts. | petewy | |
11/6/2021 13:19 | "32% wind, 26% AD, 21% solar, 17% waste and wastewater, 2% low carbon & energy efficiency and 2% hydro by value Solid performance from the portfolio, which generated 0.4% above target with the AD and solar portfolios both outperforming against generation targets and wind performing marginally below its generation target" Not sure can read much into the above - but hydro the place to be apparently, the turbines last & last. JLEN seem keener on AD. I'd have some concern that as the higher CT kicks in, the 1.07x covered divi becomes a risk. Is possible the current downward pressure on power prices reverses by then tho.. | spectoacc | |
11/6/2021 12:15 | The portfolio balance is possibly heavy with expensive to operate anaerobic and wastewater plants, would assume wind turbine maintenance costs much lower in comparison? | andyadvfn1 | |
11/6/2021 11:46 | They lost 5.3p of NAV - in a year - tho in fairness much of that due to the CT increase. Divi only just covered too. If they keep trading above it & can keep issuing new shares, guess they can keep growing. Wouldn't want to be in a lot of these enviro ITs when they stop being able to raise cash - the assets naturally depreciate over time, & most are finite life. | spectoacc | |
11/6/2021 11:12 | JLEN share price will go nowhere till that NAV improves. This is my worst performer in my portfolio in 2021 | gateside | |
11/6/2021 10:44 | I can't get away from JLEN having a 92.6p (& seemingly falling) NAV. | spectoacc | |
11/6/2021 09:56 | It certainly isn't setting the world on fire. I'm looking into adding my exposure to sector and wanted to spread the risk as I already have TRIG. I first looked at JLEN, TRIG and UKW back in nov19. All at that time had been on upward trajectory. As it was a modest investment it was only worth picking one. I plumped for TRIG. Luckily ( and probably the only time ) I think I picked the right one based on subsequent performance.TRIG pretty much at Same price I paid at the time. Had the divis of course on top.However JLEN and UKW are approx 15 & 10% respectively down.Any views on the reason for the underperformance? | andyadvfn1 | |
10/6/2021 16:17 | Arguably JLEN's entire purpose, not setting the world on fire ;) | spectoacc | |
10/6/2021 16:15 | results look Ok not setting the world on fire | petewy | |
03/6/2021 18:17 | FTSE up 9% YTD JLEN down 10% YTD That's some underperformance! | gateside | |
02/6/2021 16:42 | Ex dividend 1.69p tomorrow | gateside | |
18/5/2021 18:03 | Fair enough. It is a tactic to raise money for sure but I do like the fact There is only circa a quarter of income is dependent on the power price here .. less risk as a result. | edwardt | |
16/5/2021 08:01 | Don't feel any of that justifies the size of the premium vs others, nor that they won't keep chipping away at it with further issues. Maybe I just want to buy them at par :) | spectoacc | |
15/5/2021 16:44 | Differs for the different assets but a blended 7% rate is about right. Also conservative in assumed corp tax rates and life extensions on assets. I think it is well run too. | edwardt | |
14/5/2021 06:58 | Remind me what discount rate they use? Ta. Edit - from the 2020 AR, 7.4% (down from 7.9%). Difficult to accurately relate that to others due to respective mix in asset classes, but does seem on the higher side. Eg NESF just reduced from 6% to 5.75%, whereas eg GSF seemingly use between 6% & 10% depending on whether planning, construction, or operational. (Can't find blended, but 6%-8% for operational). FSFL dropped from 7% to 6.5% in the year. | spectoacc | |
13/5/2021 19:36 | It is the discount rate conservatism that warrants the premium here. Just saying I will not buy it because it is on one is daft. | edwardt | |
13/5/2021 14:05 | Lol - takes two to make a market :) Good luck regardless. | spectoacc | |
13/5/2021 13:04 | I have some FSFL - but not NESF ! | gateside | |
13/5/2021 12:47 | Too right - got plenty of NESF, have to admit not a fan of FSFL tho. | spectoacc | |
13/5/2021 12:14 | If want want a renewable closer to NAV buying FSFL or NESF is your best bet right now. | gateside | |
13/5/2021 12:10 | Let me know when it gets to NAV. | spectoacc | |
13/5/2021 12:03 | Fallen to just above the placing price of 104p | gateside | |
05/5/2021 20:56 | could fall to near £1 by the 12th... | pjw956 | |
05/5/2021 07:29 | Another placing! | gateside |
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