Nextenergy Solar Share Discussion Threads

[riverotter] 19/9/2020 08:28

Topped up position in GRP and NESF. VT Gravis Clean Energy Income Fund is buying/selling these two yieldcos. They're currently trading with dividend yields of 5.3% and 6.8% respectively, according to Friday's closing price. A few of my thoughts here... hxxps://riverotter.co.uk/2020/09/18/topping-up-portfolio-of-renewable-energy-yieldcos/

[rambutan2] 01/7/2020 02:29

NextEnergy Solar Fund, the solar power renewable energy investment company, is pleased to announce its full year results for the year ended 31 March 2020. Financial highlights -- Net asset value per ordinary share of 99.0p (2019: 110.9p) -- Ordinary shareholder annualised total return since IPO of 6.3% (2019: 9.5%) -- Gearing (including preference shares) of 42% (2019: 36%) -- Cash dividend cover before scrip of 1.2x (2019: 1.3x) -- Ordinary shareholders' NAV of GBP579m (2019: GBP645m) -- Dividends per ordinary share of 6.87p (2019: 6.65p) -- Targeting a total dividend of 7.05p per ordinary share in respect of the year ending 31 March 2021, payable quarterly htTps://cdn.next1.nextenergycapital.com/nesf/2020/06/Annual-Report-31-March-2020.pdf

[alexisk] 02/6/2020 18:45

With UK having had the sunniest May ever this fund's assets must have presumably generated a lot of electricity over the last month or so.

[bscuit] 07/2/2020 00:23

TA. Given oil price contraction on present virus problem and Chinese contraction there may be a germ of truth in comment.

[gateside] 06/2/2020 20:14

Broker note from JP Morgan saying there will be an oversupply of electricity in future. Hit whole sector, but prices are recovering from such a nonsensical broker note.

[bscuit] 06/2/2020 19:00

Found my way ere as a resullt of MW comments abut “safe-ish̶1; investments. What happened to cause the sharp drop from 125 to 117?

[11_percent] 30/8/2019 18:56

Hi guys, I am after some info. Is it the case that you can no longer get planning permission for onshore wind turbines in Scotland. Cheers.

[typo56] 11/4/2019 08:50

It's in the DCG RNSs, as well as on the FTSE site itself.

[a0002577] 11/4/2019 08:09

Hi, Typ056. Where do you get this information from - twould be most useful to know - regards - A000

[typo56] 10/4/2019 17:15

It's confirmed. NESF gets promoted to the FTSE 250 on Monday. Expect high volume at close on Friday.

[belgraviaboy] 10/4/2019 10:35

Well at this premium I have sold out - best of luck all

[typo56] 08/4/2019 18:09

NESF looks like a possible FTSE250 promotion candidate, to replace DCG next week.

[a0002577] 16/10/2018 14:12

interestingly quiet here on this board. Everyone must be happy then? Today they launched a new approach to financing their debt by issuing preference shares with a coupon of 4.75% - rather less than the dividend and rather more than they are able to borrow money at - BUT they hope that over the medium term it will be cheaper than debt and of course will be cheaper than equity as the dividends gradually rise by RPI. see https://www.investegate.co.uk/nextenergy-solfnd-ld/nesf/issue-of-preference-shares/201810160700081150E/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=NextEnergy%20SolFnd%20Ld%20Alert Seems to me to be a clever move - they are all to go to one investor so don't suppose they will be listed. Will this set a precedent for others to follow?

[broshm] 24/11/2017 14:29

what caused the drop in share price of UKW , end Sept and this end Oct ? Any ideas .

[rambutan2] 05/3/2017 17:17

And nav update as at third quarter/31 Dec: htTP://nextenergysolarfund.com/?wpfb_dl=144

[rambutan2] 05/3/2017 17:09

From 31 Jan: The Facility provides long-term debt financing, with a maturity in 2035 that matches the regulated life of the portfolio, and comprises a mix of fixed rate and inflation-linked debt products with a blended cost of 3.32%. This debt structure maximises the portfolio's cash flow generation whilst eliminating refinancing and interest rate risks. http://www.investegate.co.uk/nextenergy-solfnd-ld--nesf-/rns/new-long-term-debt-facility/201701310700075035V/

[masurenguy] 14/2/2017 08:24

NESF annual dividend is 6.3p, which represents a yield of 5.75% on todays offer price of 109.5p. This other two quoted solar funds are BSIF (7.5p on 108.5p = 6.9%) and FSFL (6.16p on 107.25p = 5.74%).

[masurenguy] 14/2/2017 01:03

"Nextenergy Solar Fund came to the market in April 2014 and, as the name suggests, invests in solar power plants, recycling the income from these in the form of dividends. The fund has raised £465m since the float, most recently another £115m in November. The long-term trend in energy prices, upwards, is in its favour. The fund pays a quarterly dividend and has just confirmed that the total for the year to March 31 will hit its target of 6.31p. On that basis the yield is an assured and attractive 5.8%." http://www.thetimes.co.uk/edition/business/mixed-bag-has-good-bad-and-the-ugly-sjzzj07c2

[rambutan2] 23/8/2016 01:52

Latest quarterly fact sheet link, and confirmation of div. hTTp://nextenergysolarfund.com/?wpfb_dl=115 NextEnergy Solar Fund Limited is pleased to announce an interim dividend of 1.5775 pence per Ordinary Share for the quarter ending 30 June 2016. The interim dividend of 1.5775 pence will be paid on 30 September 2016 to shareholders on the register as at the close of business on 26 August 2016. And to compare and contrast, below are the quarterly fact sheets of its rival solar funds. hTTp://www.bluefieldsif.com/media/107333/BSIF-Factsheet-June-2016.pdf hTTp://www.foresightgroup.eu/fsfl-home/fsfl-publications/factsheets

[rambutan2] 23/8/2016 01:47

hTTp://nextenergysolarfund.com/ NESF is one of three closed end pure solar funds listed on the main board. As the other two have established threads (see below) I thought I'd give NESF one. BSIF is here http://uk.advfn.com/cmn/fbb/thread.php3?id=30084909&from=1 FSFL is here http://uk.advfn.com/cmn/fbb/thread.php3?id=30776033&from=1