Nextenergy Solar Share Discussion Threads

[flyer61] 04/11/2023 20:05

Looking through USFP it appears some of the dividend is being paid from capital.
The market turned higher this week and it went the other way. Not much volume as free float low versus institutional holders. Expect it to be sold at some stage but at materially below NAV.

[petewy] 04/11/2023 17:45

I was in USF and it was a mess.

[yump] 04/11/2023 17:27

I've bought quite a few recently. They say buy when everyone else is fearful, but I think it should be 'buy when everyone else is fearful and you're not exactly optimistic yourself'. That's the reality for me anyway. There is never no fear anywhere near bottoms.

How scared was everyone in 1998, 2003, 2008, 2020 etc ? Anyone who pretends they weren't when they were buying after massive falls is telling fibs ! Its a stressful discipline.

[flyer61] 03/11/2023 17:46

chucko1....I have gone like the clappers this last month to buy a spread of Renewable/Infrastructure trusts. Have joined you here. One that caught my eye because it appears very simple is US Solar Fund. USFP. If you get a chance i'd be grateful if you take a look.

[chucko1] 03/11/2023 13:45

Quadrupled my position this morning. Last time 10 yr Gilts were at this yield level (late July 2023), the share price here was 96.

That is just one factor, albeit pretty important, but adding to that the likelihood of a large and stupid market participant, it is a nice bet.

10yr US yields in corporates down 60 basis point in two days. Part of that owing to the 12.30pm GMT US employment report.

[chucko1] 03/11/2023 10:33

Given yesterday's IT mega rally and the rather weak rise in NESF, I can only think there is still a needy seller. In which case, forget the anomalously sticky valuation.

[roddyb] 03/11/2023 09:29

What am I missing on this one? We have guaranteed revenues, our borrowings are long term fixed, cash-flow is great? I can understand us producing a 6-7% yield but at 11.2% we are being treated like junk bonds?

[marksp2011] 02/11/2023 04:48

If you had made a "mistake" unwinding it by firing loads of big O trades at the market is only sensible if you want to push the share price down.

[yump] 01/11/2023 09:53

I blame mobile phones - they’re not designed for human hands. Apparently one was discovered on an alien ship in Nevada years ago, so it was copied, forgetting that aliens have long thin fingers.

[cc2014] 01/11/2023 08:35

The trades on NESF didn't go through as a large trade through a corporate broker.

It's a fat finger and then the unwind of it imho

[marksp2011] 31/10/2023 21:17

Look at GSF todaySomeone was trying to move the price. And succeeded. Liquidity is thin so take deriv positions then pile into the cash market. There are some traders making a lot of money

[marksp2011] 31/10/2023 21:07

No, there are smarter ways to sell a big quantity via the corporate broker. You only do something like that if you want to move the price

[cc2014] 31/10/2023 14:13

Some screwed up and bought a huge quantity in error.

A few days ago we saw the share price move up about 5% in one day. IIRC it kicked off in the last hour of the trading day. Someone was buying in lumps over and over again. You could go through the trades, but there were very many lumps of around £100k. Very many of them and very many smaller lumps as well.

The size and speed they were buying in was illogical and drove the share price up by around 5% or whatever it was and on checking you will find it was only NESF in the sector that moved.

A couple of days later someone has realised (T2 settlement?) and then they've reversed their position in a hurry, either because they bought the wrong stock in error, or they've bought 10 or 100 times the quantity they wanted or whatever.

[cruelladeville] 31/10/2023 13:39

Well, I'm still not understanding what triggered the sell off here yesterday?

[andycapp1] 30/10/2023 15:12

I’m a weary holder and I’m concerned about their capital recycling programme which is dead in water and secondly the pref. it gears the Ords a lot at the current price. I wish it wasn’t there.

[robertspc1] 30/10/2023 15:03

Added a few too

[tonytyke2] 30/10/2023 14:58

Interesting, just added some more.

[marksp2011] 30/10/2023 14:54

More selling. Big lumps
Either

Someone knows something
Short seller
Someone needs money fast

If you had to offload shares, you wouldn't be selling like that into the market unless you are an idiot or, you want to hit the price

[marksp2011] 30/10/2023 14:50

Some big O trade sells
Big lump well below the bid

Someone really needs to raise money quickly

[cruelladeville] 30/10/2023 14:35

Oh dear. What's happened here then? I see no bad news?

[tonytyke2] 26/10/2023 16:13

Some buying going on this afternoon, good stuff.

[soleman1] 19/10/2023 08:38

Not surprised at all, either that divvi held or no reaction from the market. Fact has detached from the sp, its a great time to be buying long term holds for divvi and share price appreciation

[masurenguy] 19/10/2023 07:56

Dividend held !

Interim Dividend Declaration

NextEnergy Solar Fund is pleased to announce a second interim dividend of 2.09 pence per Ordinary Share for the quarter ended 30 September 2023, in line with its previously stated target of paying dividends of 8.35p for the year ended 31 March 2024. The interim dividend of 2.09 pence will be paid on 29 December 2023 to shareholders on the register as at the close of business on 17 November 2023. The ex-dividend date is 16 November 2023.

[roddyb] 16/10/2023 12:13

Taking some pain on this one, has the effect of "giving back" the dividends from the last three years...

Going forwards, I would rather own this than a US Bond as the div growth and initial yield makes a nice bed for a pension pot.

It is surprising that with all the long term supply contracts we have not had instances where the other party has gone bust and we are able to resell that capacity at a higher (near market) rate?

I would like the dividend held and the increases in income used to start paying down debt before we get a shock.