Nextenergy Solar Share Discussion Threads

[masurenguy] 24/5/2022 10:23

Well nobody can intelligently answer such a question - people can only speculate !

[spoole5] 24/5/2022 10:21

Why have these fallen more than FSFL?

[woodhawk] 24/5/2022 10:09

If this abysmal Government carry on like this, who the hell will want to do business in this country in future?

[llef] 24/5/2022 10:01

Looking at the March 2021 annual report, it says that NAV fell from 99p to 98.9p.

Many things went into this move, but perhaps relevantly, they said that NAV fell by 1.8p due to higher future corporation tax that the government had just proposed.
On page 26 they said that this proposed corporation tax change was from 19% for evermore, to 19% until 2023, and 25% thereafter.

NESF has just dropped by 5.4p, which all things being equal would equate to raising corp tax from 25% to 43%.

This seems a bit unlikely to me.

[llef] 24/5/2022 09:44

It is hard to see how this would work in practice, as presumably, a lot of energy generating companies will have pre-sold some (most) of their predicted production in order to have predictable cashflows, and thus would not have "enjoyed" the exceptional spot prices that have been achieved in the last 6 months.
(Nesf have certainly done this).

NESf and others tho will have "enjoyed" a big rise in their future subsidies due to the rise in inflation, so this might be clawed back - the final paragraph in the FT mentions this

"A more obvious windfall has been enjoyed by longstanding owners of low-carbon schemes, such as onshore wind farms or solar, which received subsidies on top of wholesale prices under a “renewables obligation certificates” scheme."

[nimbo1] 24/5/2022 09:41

its certainly disappointing thats for sure - also I thought id found somewhere which could survive this period, clearly not!

[fordtin] 24/5/2022 09:34

"31 energy companies beg PM not to hit them with a windfall tax"




Interesting article, includes;

"Full text of open letter from offshore energy supply chain companies

To: Prime Minister Boris Johnson and Chancellor Rishi Sunak"

[apollocreed1] 24/5/2022 09:23

This guy is the biggest socialist in the whole party. But none of the current government are conservative anymore. They are even planning to put the windfall tax on renewable companies running wind farms. They just take orders from their wives and the media:

"UK finance minister Sunak orders plan for windfall tax on electricity generators -FT"

hxxps://uk.investing.com/news/commodities-news/uk-finance-minister-sunak-orders-plan-for-windfall-tax-on-electricity-generators--ft-2654885

[williamcooper104] 24/5/2022 09:18

Wow - look at SSE

[norry2] 24/5/2022 09:09

Williamcooper10424 May '22 - 09:04 - 249 of 249
0 0 0
And thus I’ve topped up

DITTO

[williamcooper104] 24/5/2022 09:04

And thus I've topped up

[tuftymatt] 24/5/2022 09:04

The company name always mentioned when there is talk of a windfall tax is BP
Today they are down just 2% so go figure!!

[williamcooper104] 24/5/2022 08:57

Hardly scaremongering when I'm just passing on an FT story, now up on Bloomberg too, and then saying that I doubt we will get hit with a material cost

[nimbo1] 24/5/2022 07:55

Well America have their own problems - natural gas there has been cheap for decades - now at c.8mbtu but is $35 on the world market...

So will prices converge...and what would that do to their economy too?

[gateside] 24/5/2022 07:52

I think investing in companies overseas might be a prudent move

[nimbo1] 24/5/2022 07:51

its more about optics than anything else - like all these things. Imagine there is quite a bit of panic inside the government at the moment. Not sure they can survive 50% of the country having to choose whether to heat water or eat if this storm gets worse...

[woodhawk] 24/5/2022 07:46

Johnson and his abysmal braindead 'Government' are doing their best to make this country totally univestable as it is.

[woodhawk] 24/5/2022 07:24

I think you're vastly over reacting. Why should there be anything like a "huge hit", when there has been no huge windfall. Get a grip and stop scaremongering. The share price is up less than 10% over the past year.

[williamcooper104] 24/5/2022 07:19

Agree that there shouldn't be a windfall tax and we've hardly seen a windfall But that doesn't mean that a chancellor not well despised to renewables will not do it Hopefully if it comes in it can be reduced by investment such that it's not a huge hit

[woodhawk] 23/5/2022 22:22

*IF* that were the case, the company would have had to have made a huge windfall to be taxed on, I would imagine? I don't think the likes of NESF are in the same league as Shell or BP are they? At the moment there is no windfall tax, on anyone, anyway.

[williamcooper104] 23/5/2022 21:55

FT reporting that renewables in line for the windfall tax