Jlen Environmental Assets Share Discussion Threads

[jonwig] 15/3/2019 12:57

Research note:

[chc15] 12/3/2019 14:50

Thanks for that, u could be right here, i only hold them to diversify in an Isa account, but holding direct shares is defo better, especially if all the holdings in the UT are UK stocks!

[a0002577] 10/3/2019 15:10

Good afternoon, CHC15.

I looked up Gravis UK both the infrastructure and Clean Energy funds - interesting.

Yield of the infrastucture fund is 5.08% and some of its largest holdings are
TRIG, NESF and BSIF - which are all yielding close on 6%. Totally invested in the UK. It's largest holdng is GCP Infrastructure Investment Trust (GCP) where funnily enough the "G" stands for Gravis. That is yielding close on 6% as well and trades at a premium to NAV. So Gravis take money for running the IT and then take more for buying it and stuffing it in one of their own funds and charge again for running that fund.

The yield on the Clean Energy fund is 2.99% (ouch) and two of its largest holdings are JLEN and NESF. Only 12% UK invested.

Far, far better to buy the underlying assets direct and get 6% dividend rather than the 5% (or 3%) once the unit trust charges have been taken into account.

You are already substantially invested (via these two unit trusts) in the stocks I suggested.

I detest Unit Trusts and never invest in them - preferring generally to buy the underlying investments or an Investment Trust. You might like to think of doing the same.

All figures taken from Moningstar.

Kind regards - A000

[chc15] 08/3/2019 15:40

Ok thanks for the help, will look into the Trig offer at 114. I also hold 3IN, and the Gravis UK infr and clean energy unit trusts.

[gateside] 08/3/2019 14:55

Worth bearing in mind too, that for all the companies mentioned, there is no Stamp Duty to pay. Which is an added saving.

[a0002577] 08/3/2019 14:51

CHC15, Have a look at the discussions on BSIF, FSFL, NESF, TRIG and UKW as well and see which you think is the best value. They all give much the same income and are all Green Infrastructure Funds. TRIG is about to do an offer at 114 and you could try to buy into that without any charges.

[chc15] 08/3/2019 14:24

Yes thanks, I'll monitor, as looking to buy in for the income.

[a0002577] 08/3/2019 13:39

Well, CHC15, could be that they have too much invested in associated companies or it could be that, like me, they think it is overvalued at current prices - or it could be they think there will be another share issue to buy more anaerobic digesters.

It could also be that the prospect of an upcoming dividend is supporting the current share price and it will fall more when it goes ex-div next week.

I like this company and hoping to buy back in - but not at current prices.

[chc15] 08/3/2019 11:39

Wonder why they selling out, goes ex div next Thurs, worth a punt for that?

[a0002577] 08/3/2019 09:53

See that Laing pension fund is baling out of these - putting all of its substantial holding (22 million shares)up for sale. see

Seems to have knocked the price this morning

I baled out of these and into BSIF recently as I thought JLEN was overvalued and due another share issuance. Not sorry I did this.

[jonwig] 08/3/2019 05:36

Some renewable energy funds have been revaluing their wind assets on the basis of longer-lasting turbines (TRIG and, I think, UKW). An extra five years life has improved their NAVs by a few pence.

Can't think of any other reasons.

[pjw956] 07/3/2019 20:22

ex div on 14th march, divi 1.63.
not sure why share is riding quite so high at the moment, thoughts ?

[gateside] 01/3/2019 19:31

nerjaThanks for the dividend info.

[nerja] 01/3/2019 18:48

Gateside got my reply back , so fair play to them,


The next dividend is expected to be paid on 29 March. There will be a declaration of interim dividend on 7th March.

[gateside] 01/3/2019 07:28

I went to sitemap on their website.Under shareholder information, in the investor relations section.They have a financial calendar for all of 2019 hidden away!

[nerja] 01/3/2019 07:01

Gateside, how the hell did you find that ? well done I looked I could not find it ,I even sent an email request, no reply mind.

[gateside] 01/3/2019 06:32

Found it, hidden somewhere on their website.7th March. Update on Net Asset Value and dividend deceleration

[gateside] 28/2/2019 13:33

Most companies have a detailed Financial Calendar on their website.JLEN don't, which is not helpful to investors and poor PR on their part.

[nerja] 28/2/2019 09:43

Still no divi news?

[scallywagkid] 07/2/2019 10:55

I suspect they are shifting the next dividend payment into March so as to follow a more even quarterly pattern, in which case, declaration will likely be mid to late Feb.

[gateside] 07/2/2019 07:11

Last year net asset value and dividend deceleration were made on 23 January and year before they were on 17 January.So surprised no news from company so far this year.No planned date is mentioned on their website either.

[noiseboy] 06/2/2019 10:36

Usually the Feb Dividend has been announced by now, Seems late?

[a0002577] 10/12/2018 16:34

Thanks for the pointer to The Global Sustainability Trust IPO - I don't think I am in for this one for two reasons a) new issues often go to a discount and b) you don't get much of a dividend in the first year. So better to wait. Besides I took part in the A J Bell IPO and don't want to sell any just yet.

kind regards - A00

[a0002577] 10/12/2018 11:07

Tipped in the current IC. They give as reasons - the high yield (6.2%), small premium to NAV (6.1%) and it's defensive nature as a 'diversifier' thus:

"The trust has been managed by Chris Tanner since launch in 2014, and since the share price total return has hit 37 per cent. This may not sound as glamorous as returns on offer in stock markets, but diversifiers such as JLEN should be judged on their ability to protect capital when markets go south and how correlated they are to other asset classes."

Better methinks than the Prefs people get excited by.