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NESF Nextenergy Solar Fund Limited

71.70
0.10 (0.14%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nextenergy Solar Fund Limited LSE:NESF London Ordinary Share GG00BJ0JVY01 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 0.14% 71.70 71.50 71.80 72.00 70.60 71.50 1,272,614 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 66.03M 48.32M 0.0818 8.74 422.44M
Nextenergy Solar Fund Limited is listed in the Investors sector of the London Stock Exchange with ticker NESF. The last closing price for Nextenergy Solar was 71.60p. Over the last year, Nextenergy Solar shares have traded in a share price range of 70.30p to 109.20p.

Nextenergy Solar currently has 590,821,185 shares in issue. The market capitalisation of Nextenergy Solar is £422.44 million. Nextenergy Solar has a price to earnings ratio (PE ratio) of 8.74.

Nextenergy Solar Share Discussion Threads

Showing 851 to 875 of 875 messages
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older
DateSubjectAuthorDiscuss
16/4/2024
16:05
great post @marktime. detailed overview of borrowings as at 30/9/23 can be found on pg33 of the Interim Report -

should only be a couple of months (mid-June) until release of Final Results to 31/3/24 which should provide more up-to-date figures on borrowings.

last year's Annual Report contains useful detail on the £200m prefs which pay a preferred dividend of 4.75% until 2036 after which they have the right to convert into new ordinary shares or a new class of unlisted B shares. the prefs are also redeemable by the company at any time after April 2030 at par plus any unpaid dividends - see pg135 at

speedsgh
16/4/2024
13:43
thx marktime1231, very useful info
alter ego
16/4/2024
13:34
So the £135M part of the RCF is renewed on identical SONIA + 1.2% terms. The £70M part with Santander looks to be going the same way, at SONIA + 1.4%. So short term debt remains afforable, and we just need the BoE to get on with cutting base rate.

Some borrowings are on longer term debt terms at much better rates and fully amortising. Rates range from fixed 2.9-4.11%, the one on lowest rate has about £35M outstanding is due for repayment or renewal by Dec 2026. Two chunks together about £50M outstanding are on RPI+% terms - eek, thank goodness inflation has tumbled.

And the £200M perps are at 4.75% I think.

Total debt remains high at about 46% gearing subject to NAV being sustained. We have a problem if it gets to 50%. Which is no doubt what has compelled the "capital recycling" programme, where there is no further progress to report.

On balance this is reassuring and I remain poised to double up my NESF holding, not far away.

marktime1231
16/4/2024
10:26
Bought yesterday and today again. More gut feeling than anything else.
gonsan
12/4/2024
16:19
Anything sub 80p is a bargain.Nice to buy at the bottom, but not worth stressing over it if you don't.
gateside
12/4/2024
15:54
Bought another tranche today at 72p - 11.58% yield with dividend cover visibility. I also took the opportunity to add to my TRIG & FSFL holdings today and happy to hold at these yields. In time interest rates will revisit the historic averages and I hope these shares and others will see a rerating.
catch007
12/4/2024
13:28
Someone shares your enthusiasm for NESF, some chunky buys late this morning up to 72.5p, looks like a serious investor has run out of patience waiting for a better price. Hope I haven't missed the boat, should have dived in when it ducked under 71p.
marktime1231
12/4/2024
11:56
At some point in the future, we'll look back on how things were available on yields of 7-12%, and wonder why we didn't buy more.

Not all of course - some will be swimming naked, some will go pop, some will be DGI9's or HEIT's or even HOME's - and some will be non-perpetual annuity streams (many of the renewables IMO).

But still - these prices and yields aren't going to last, they're just too good IMO.

Happy to hold NESF down here, as well as eg BBGI, CORD, ORIT, SUPR, TRIG, GSF & more.

spectoacc
11/4/2024
18:07
ATL today. No let up
spoole5
03/4/2024
17:19
The share price probably needs IR to start to drop or the completion of the sale of assets.
Haven’t decided whether to reinvest the divi yet.

tag57
03/4/2024
16:41
A speculative add is on my mind too, but is this the bottom yet?
marktime1231
30/3/2024
13:12
Interesting interview by IG with Ross Greer from Next.


I have been picking up shares down the bottom here. This looks over sold to me. Newsflow should be significant over the next few months with dividend (May) and fy results (June). Should get an update on asset sales too. All could trigger a rerate.

wallywoo
28/3/2024
19:15
as did ajbell!!
janeann
28/3/2024
18:00
Received mine through HL this afternoon.
tag57
28/3/2024
17:35
Interactive Investor paid the dividend today
gateside
28/3/2024
15:56
As you say it might be nice to reinvest the dividend but first the blighters at HL need to pay it across. If they hang on to it for the long weekend ...

Edit ... well it arrived but too late to do anything. Might be a saving grace if this opens sharply lower next week.

marktime1231
28/3/2024
15:41
No dividend from ajbell either..... theyre normally good
janeann
28/3/2024
14:52
they seem slow today, on several different shares. In fact they generally seem to add the dividend late in the day.
alter ego
28/3/2024
14:30
No divi from HL
spoole5
24/3/2024
13:41
Capital best put under the bed then and see what its worth in a few years.
yump
24/3/2024
07:53
CGT's my largest holding, I should probably listen to him :)

Most of these ITs are at least in part just returning you your capital, in taxable form.

But still has a price, and any eventual move down in interest rates is going to move that price upwards.

spectoacc
23/3/2024
08:54
Peter Spiller who manages CGT passes comment on NESF on the Money makers podcastHe thinks they are over distributing and they need to pay debt as so much of it is floatingPaying 7% on assets returning 7% isn't commercially viable
marksp2011
22/3/2024
14:43
ghhghh, I must admit that I do like the needy sellers and that is often a decisive reason to buy. And, as you say, so frequent as of the past two years or so as interest rates rise velocity (not just the rises themselves) has pulled the rug from bad risk managers.

On the upside to come, the moves will likely be less aggressive than the moves down as some of the previous forced sellers find difficulty contemplating repurchasing at higher prices, if only on account of hubris. That said, some (by no means all) of this stuff has become so cheap that re-ratings at speed are quite possible.

chucko1
22/3/2024
07:49
chucko

I mention SLFR because it is an example of holding on to some wind downs to the bitter end. And it is, in my experience, nearly always the most profitable course - at least for funds where the principal assets are loans

Accepted but this may well be optimal in a stable market but right now we have the widest valuation metrics that I can remember. eg LABS at 42p, the share price has been trashed by a large seller seeking an exit. Offers much more potential, mid term upside than GABI where the big sellers are now sitting on their hands.

LAB results on Tuesday, June NAV was c.86p and I'll be happy with over 75p. The 4p dividend is a risk but a cut in the price

ghhghh
21/3/2024
16:19
spoole5 that is assuming you trust the governments cpi figures, only used because it consistently under calculates inflation. For example housing costs are not include in cpi. I prefer the RPI which was 4.5 percent in February 2024.
scbscb
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older

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