Nextenergy Solar Share Discussion Threads

[zap217] 18/6/2024 23:01

Couldn't have put it better myself Chucko. Full year results tomorrow. Should be an interesting day

[chucko1] 18/6/2024 22:17

If you can effectively sell your shares for 123.5p and buy them back for under 80p, then why give a stuff about the long term?? In fact, it supports the long term in that generating this amount of opportunistic capital allows for redeployment as a price maker.

OK, it was only 4.5% of the value of the company, and it took a while, but it could add up to quite something by the end of the decade!

[panshanger1] 18/6/2024 19:19

Am l missing something :'The proceeds will be used to reduce the drawn sort term debt via its RCF '

[grahamg8] 18/6/2024 18:04

I thought the whole point of the capital recycling program was to reduce debt. Yet the bulk of the proceeds are being spent on a share buy back. With precious little left to invest in new power storage projects. NESF shrinking not expanding, that's a worry long term.

[wallywoo] 18/6/2024 17:29

Since the latest NAV is 104.7p per share. If all their assets were 18% undervalued (if sold) that would bring a NAV of 123.5p per share. Not that I think this will get to that price (90 -95p) would be my target here. But food for thought!!

[yump] 18/6/2024 17:17

Be interesting to find out who owns all the capital recycled assets from the various trusts doing it and if they are UK based. Or is it another case of keeping shareholders happy by selling off the family silver.

[cc2014] 18/6/2024 16:45

I should think so too given the asset sale at 18% above NAV.

[masurenguy] 18/6/2024 16:41

Instantaneous positive reaction to the share buy back announcement @16.16. Circa 2.3m shares traded in the last 15 minutes which constituted nearly 80% of todays trading volume.

[speedsgh] 18/6/2024 16:24

Finally some progress on the Capital Recycling Programme...

Phase II of Capital Recycling Programme -

And the announcement of a £20m share buyback programme...

£20 Million Share Buyback Programme -

[tuftymatt] 14/6/2024 10:32

Yeah hopefully the Times article above got the attention of some big hitters.

Good luck all 👍🏻

[panshanger1] 14/6/2024 09:02

Some chunky trades this morning

[unastubbs] 12/6/2024 16:52

screenshot of the Tempus article from today's Times

[cc2014] 12/6/2024 11:51

Lovely flow of buying here but we seem to have met a block seller taking 74p.

I will just have to be patient

[cc2014] 12/6/2024 08:53

I'm not sure being the highest paying dividend on the FTSE350 is an accolade a company really wants. It usually indicates a value trap.

However, in this case I'm thinking the share price is just plain too low and is trading a good 10% below what I think is a decent entry price so that gives plenty of upside opportunity.

[masurenguy] 12/6/2024 01:01

NextEnergy Solar Fund can look forward to sunny skies
After Vodafone announced its dividend cut last month, the renewable energy investor is now the highest-yielding stock in the FTSE 350

London’s renewable energy infrastructure trusts are on sale, with big discounts and big yields almost everywhere you turn. Few, though, rival the 11% dividend yield at NextEnergy Solar Fund, which, after Vodafone announced its dividend cut last month, is now the highest-yielding stock in the FTSE 350.

The fund’s official objective is to provide shareholders with attractive returns, mostly via the paying of regular dividends, through its solar energy infrastructure assets and some other technologies, such as energy storage. Since listing, it has done a decent job at delivering this, with total returns (that is returns with dividends reinvested) of 38% over the past decade. The stock has taken a hit in the past couple of years, as rising interest rates have made both alternative and income assets less attractive, as well as increasing the cost of capital for solar farms. Nevertheless, dividends have kept on growing and investors are beginning to speculate that the prospect of rate cuts later in the year could feed into some capital gains.

Complete article:

Advice Buy - share price weak, but generous and reliable dividend

[gateside] 05/6/2024 20:00

Excellent news that it stays in the FTSE250

Hopefully in the next quarter we will get an interest rate cut, which should see the beginnings of a price recovery, which will consolidate its position in the FTSE250

[gbcol] 05/6/2024 18:08

Confirmation that NESF stays in FTSE250

[yump] 05/6/2024 08:47

Wouldn’t surprise me if movement in and out of an index had no effect on share prices. As shareideas says above, the funds will have been adjusting over a period and thats probably based on all sorts of factors.

[cc2014] 05/6/2024 07:29

According to the table NESF is 370th so safe

[shareideas1] 04/6/2024 10:08

Some Funds will pre position into the effective date by selling the shares and or shorting, but then they are clean or covering on the closing auction on that date

[yump] 04/6/2024 09:33

Thanks I did find it although seemed to have moved to p22 when I looked. I guess what will happen will happen. I don’t know whether removal from indices has any sudden effect. Can’t imagine funds jumping in and out close to reshuffle periods.

[fordtin] 03/6/2024 16:02

Totally agree. I know it's eggs & Grannies to some, but I thought the last bit might assist anyone without access to a tame Granny.