Nextenergy Solar Share Discussion Threads

[yump] 03/6/2024 15:06

Considering that link is on the LSE site, its one of the most un-user friendly lists I’ve ever seen. The market caps are missing on many stocks, you can’t order it, you can’t search a ticker to find its position, the positions aren’t numbered anyway etc.

If I was into conspiracies, I’d think the city deliberately limit any useful information so that its only available by consulting a paid broker or intermediary.

[scrwal] 03/6/2024 12:58

NESF should be safe this quarter but as the smallest 250 share it becomes vulnerable to automatic 250 promotions next quarter if its price doesn't improve.

[fordtin] 03/6/2024 12:02

FTSE UK Index Series – Indicative Quarterly Review Changes June 2024

"PLEASE NOTE: The actual review of the FTSE UK Index Series will be conducted using data as at market close on Tuesday 4th June 2024. Confirmed rebalance changes will be announced after market close on Wednesday 5th June 2024."



"A company will be deleted at the periodic review if it falls below the position stated below:
FTSE 100 – Fallen to 111th or below
FTSE 250 – Fallen to 376th or below"




NESF last reported as 367th in the 'All Share' list;

(click on 'market cap' and select highest to lowest. There are 20 lines per page. The link is for page 19 which shows 361st to 380th)

[roddyb] 03/6/2024 10:38

Cornwall Insight have published their research today on UK wholesale electricity prices remaining higher for longer than originally estimated. Must be good news for NESF?

[yump] 03/6/2024 09:51

Afaik The 250 reshuffle is before results.

[gbcol] 03/6/2024 08:17

TBH I’m adding as much as I can, when I can, at what I consider to be an attractive level from a medium term viewpoint. I would hope that the results increase the share price not reduce it. We could also get an interest rate cut in June (albeit that’s unlikely), which will accelerate the reduction in discount to NAV.

[garycook] 03/6/2024 07:47

GBCol, Why don,t you wait until after 19/06,which is NESF FY results !

[gbcol] 03/6/2024 07:39

Indeed. I’m going to do my bit today with another little top up.

[cc2014] 03/6/2024 07:28

As of cop Friday NESF safe from FTSE demotion but not by much

[brucie5] 29/5/2024 12:15

This does look like an extraordinary income bargain. I now hold, along with GSF.

[cc2014] 29/5/2024 08:42

That article on FTSE is too black and white.

As of Friday based on a share price of 72.6p, NESF would have been demoted.
Had the share price been 72.7p it would stay in. It's that close.

[marktime1231] 28/5/2024 21:08

Gosh and darn, NESF and ORIT exiled by high gearing and wide discount.

[mantelsloris] 28/5/2024 21:02

https://mondovisione.com/media-and-resources/news/ftse-uk-index-series-indicative-quarterly-review-changes-june-2024/Dropping out the FTSE 250

[marktime1231] 26/5/2024 21:24

I can understand why any asset sales will take time, assuming there are genuine active bids. Given the loss of income it is important for NESF to demonstrate value for money to shareholders, and whether it is a related or unrelated third party they have to show fairness. These are not urgent or fire sales. Any buyers will want thorough due diligence which can be a 6 month process. But yes the strategy is older than that.

Personally I would be happy for sales to be overtaken by events like interest rate cuts, a general re-rating of NAV to make gearing seem lower. Except I suspect the primary reason for asset sales is so that NESFs wheeler dealer team has some development capital to play with, it is unlikely to be able to access funds any other way pro tem.

[tag57] 24/5/2024 18:07

The drawn out capital recycling process probably isn’t helping either.

[soleman1] 24/5/2024 15:01

your spot on Mark!

[marksp2011] 24/5/2024 11:53

OK Roddy - it isn't hard

1. The market was down
2. Realisation that rates will be higher for longer
3. barclays putting others as better options than NESF


UKW and BISF are slipping too. When rates are finally cut there will be a decent bounce as it will be a shock :)

[shareideas1] 24/5/2024 09:54

Did you not see the utility cap raise yesterday hitting the whole space

[roddyb] 24/5/2024 08:58

This is all getting very worrying. There is no obvious reason why we are being subject to a widening discount to NAV. The NAV calcs are explicit in their breakdown and are drifting slightly downwards for all the reasons the Board set out, however the share price is doing its own thing...

[yump] 23/5/2024 19:08

I suspect the reality of Labour getting in with its unfathonable national energy plans has affected renewables and will delay any response to decreased interest rates.

There is of course also the scary prospect of Labour doing something that will have the same effect as Truss’s mini budget.

Until election is all done and dusted I think all income stocks will not see an inflow of fund money until the investment and city communities realise that under Labour, nothing much will change.

[marksp2011] 23/5/2024 18:44

Sort of downgrade by Barclays

Promoted BSIF, FSFL JLEN TRIG but had this at hold on a cut price

[notsowise2] 23/5/2024 18:20

Ex div 2.09p drops 5p ...wtf

[masurenguy] 22/5/2024 07:25

11th Dividend Target Increase

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, is pleased to announce the Board has approved a dividend target of 8.43p per ordinary share for the financial year ending 31 March 2025. In line with the Company's progressive dividend policy, the Board considers that a 1% increase in the dividend target appropriately balances the interests of the Company, investors and other stakeholders whilst taking into account the strength of the prior year's dividend and the Company's attractive c.11% dividend yield, which is currently one of the largest amongst renewable investment companies as at closing share price on 14 May 2024.

[shareideas1] 16/5/2024 09:32

You need to look at moving parts on NAV to understand what is actually a decent (if unspectacular print)... going forward will ride on capital recycling programme with any divestments at or around nav able to be recycled into SBB at a discount driving double uplift... then one has to decide where one thinks interest rates are going... if base case is lower then it's a third kicker to nav accretion...