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 Shares Traded Last Trade
  1.30 1.32% 99.90 367,116 16:35:10
Bid Price Offer Price High Price Low Price Open Price
98.40 99.20 99.20 98.40 99.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 61.19 -29.65 -5.09 584
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:10 UT 132,506 99.90 GBX

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Date Time Title Posts
14/5/202106:57NextEnergy Solar Fund58

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Nextenergy Solar Daily Update: Nextenergy Solar Fund Limited is listed in the Alternative Energy sector of the London Stock Exchange with ticker NESF. The last closing price for Nextenergy Solar was 98.60p.
Nextenergy Solar Fund Limited has a 4 week average price of 98.25p and a 12 week average price of 97p.
The 1 year high share price is 110p while the 1 year low share price is currently 96.50p.
There are currently 584,935,046 shares in issue and the average daily traded volume is 383,626 shares. The market capitalisation of Nextenergy Solar Fund Limited is £584,350,110.95.
spectoacc: Agreed, they're all at it. NESF at least not starting from the point of fat premium.
gateside: Certainly worth buying for the yield.Strange time to issue update, why not at 7am? If they were trying to bury bad news of the weak NAV, most of that is surely already in the price, overall I thought it read well.
rambutan2: Yes, the highly experienced and risk averse Peter Spiller said: "Outside conventional equities, renewable infrastructure funds continue to offer opportunities but the outlook for the sector does seem to be darkening. Historically we have been attracted by relatively secure revenues, partially underpinned by inflation linked government subsidies. These attractions remain but most funds now trade at substantial premia to their net asset values. This has caused record issuance that will continue until the premia disappear. NAVs are under downward pressure due to recent changes in UK corporation tax. Furthermore we view the UK power price assumptions that underpin the NAVs to be too optimistic, which suggests further weakness to come. We have reduced exposure to Greencoat UK Wind Plc and Renewables Infrastructure Group Ltd. Notwithstanding these concerns we did make one opportunistic acquisition in the space, Next Energy Solar Fund plc, which was demoted from the FTSE 250. This created a number of forced sellers and presented an attractive technical opportunity to purchase a portfolio of operational solar assets offering a 7% yield at a discount."
gateside: I don't hold these but hold FSFL buying in a few months ago for the 7% yield. No Stamp duty on either which is nice. BSIF have always been way over NAV, no idea whyPersonally I prefer FSFL & NESF as they have greater diversification with asessts overseas.
stockstockham: Every post from 1st July been down-ticked, tho the cretin is probably having his dinner for the last two. There's a few like that on ADVFN, they've nothing to contribute so down-tick everything, positive or negative, to make themselves feel somehow relevant. NESF - the CT change won't have helped, since almost all NESF's assets are in UK, and altho they're hedged a few years out (mostly), they're very exposed to power prices beyond that. They also own wasting assets - leases on land with depreciating solar panels. But I still think they'll bounce from around here.
gateside: That's NESF booted out of the FTSE250 FSFL the other solar fund, managed to survive in the FTSE250 for now.
llef: reading the report I found the part about future power price forecasts disappointing. If that is maintained, then once the hedged power prices roll off, the NAV might drop again. Maybe that is the reason why this and FSFL are drifting down? "Changes in the Company's power price forecasts had a minimal effect on the NAV this quarter due to the power price hedges implemented and the short-term rise in power prices being offset by both lower medium to long-term price forecasts as provided by the Company's independent consultants."
panshanger1: Interesting acquisition announced yesterday Share price continues to drift lower though and now close to NAV circa 7% yield Am I missing something ?
nerja: Financial highlights · Increase in NAV per ordinary share to 100.7p (30 September 2020: 99.6p) · Increase in ordinary shareholders' NAV to £591m (30 September 2020: £583.5m) · Second interim dividend of 1.7625p per ordinary share for the year ending 31 March 2021 (31 March 2020: 1.7175p) Operational highlights · 763 MWp total capacity installed to date (30 September 2020: 755 MWp), across 91 operating solar assets with 8.5 MWp added to the subsidy-free portfolio · Strong operational resilience through COVID-19 pandemic with year-to-date portfolio outperformance · Electricity generation was 8.1% above budget year-to-date ("YTD"), generating c.£5.1m in additional revenue · Irradiation levels exceeded expectations by 7.3% YTD · Asset management alpha of 0.8% YTD, attributable to the added value of active management and operation of the portfolio by the investment manager and asset manager · Generated additional revenue of c.£7m from NESFs power price strategy All looks good to me
nerja: I have most of them Bsif, Fsfl trig, Nesf, etc they have parts that are index linked subsidies as well, just hope they will all rerate with higher power prices.
Nextenergy Solar share price data is direct from the London Stock Exchange
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