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NESF Nextenergy Solar Fund Limited

73.20
-0.40 (-0.54%)
18 Mar 2024 - Closed
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -0.54% 73.20 73.00 73.40 73.40 73.00 73.30 852,736 16:35:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 66.03M 48.32M 0.0818 8.92 431.3M
Nextenergy Solar Fund Limited is listed in the Investors sector of the London Stock Exchange with ticker NESF. The last closing price for Nextenergy Solar was 73.60p. Over the last year, Nextenergy Solar shares have traded in a share price range of 73.00p to 109.20p.

Nextenergy Solar currently has 590,821,185 shares in issue. The market capitalisation of Nextenergy Solar is £431.30 million. Nextenergy Solar has a price to earnings ratio (PE ratio) of 8.92.

Nextenergy Solar Share Discussion Threads

Showing 776 to 799 of 800 messages
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
DateSubjectAuthorDiscuss
17/3/2024
17:14
So what do you think about a continuation vote? Would you vote to continue the fund or to gradually sell off the assets? Albeit the latter will take a long time.
unastubbs
17/3/2024
09:22
SpectoAcc - this is a useful website; A quick copy&paste gives the following;



Annualised gross returns in $
 
 
 
 




over one, three, five and 10 years to Jan 2024
 
 
 
 


 
1 year
3 years
5 years
10 years


MSCI Alt Energy
−34.2%
−20.3%
4.10%
2.20%


MSCI World
17.60%
8.60%
11.90%
9.70%

fordtin
17/3/2024
08:07
Brilliant table if you skim down it - won't format, but:

Gross returns in $ from Jan 2009 to Jan 2024
MSCI World
453%
MSCI Alternative Energy
−24%


+453% vs -24% look better in bar graph form.

spectoacc
17/3/2024
07:39
www.sharesmagazine.co.uk/article/why-have-renewable-energy-funds-performed-so-poorly

According to this (excellent) article:

August - NextEnergy Solar continuation vote

I didn't know about that so thought I would post. Apologies if it has already been mentioned :)

unastubbs
16/3/2024
11:17
Energy storage in the UK are making paltry returns … see GSF Gore Street … in part down to UK’s reliance on gas to fill in energy gaps as apposed to battery storage and poor switching methodology. The sector has also been hit by “woke” criticisms in favour of fossil fuels …

…11% yield covered 1.3x albeit lower next year as electricity prices fall with gas prices suggests a rally is some way off … but with US gas at 30 year lows in real terms … I’m trading the gas commodity whilst holding here.

keith95
15/3/2024
09:21
same Tag57 :(
unastubbs
15/3/2024
09:14
LG, I am in the same boat, in fact I have too much in NESF at an average price of £1+ unfortunately.
tag57
15/3/2024
08:53
Not at all, but it is an issue that has been raised by others. My only concern is that I would like to buy some more but I am maxed out.
lord gnome
15/3/2024
08:05
LG - do you have divi cover concerns? NESF state they have forecast cover of 1.3 times for 2024 but assume they would already include this energisation in their expectations.
tag57
15/3/2024
07:57
Today’s announcement of energisation of the Spanish and Portuguese projects should help dividend cover concerns.
lord gnome
11/3/2024
13:28
New QuotedData research note...

High- and growing-income opportunity -

speedsgh
06/3/2024
12:19
From 29 Feb RNS:

Dividend:

· Total dividends declared of 6.26p per ordinary share for the nine months ended 31 December 2023 (31 December 2022: 5.64p).

· On track to achieve target dividend of 8.35p per ordinary share for the year ending 31 March 2024.

· Forecasted target dividend cover remains c.1.3x for the year ending 31 March 2024.

· Total dividends declared since IPO of £333m or 65.7p per share.

wassapper
04/3/2024
14:03
Is the dividend covered. I'm not sure? It's clearly covered now as NESF hedged forward power pricing for this year and next at really good rates. But going forward once they fall off is it covered? It looks a bit open to question to me.

And covering the dividend means they are eating their own assets, not putting anything aside to replace anything.

cc2014
29/2/2024
17:51
Certainly explains the move from 100 to 75p... question near term is where they will stop... have to disclose each time they pass a round % ownership number...
shareideas1
29/2/2024
17:11
Artemis dropped below 10% yesterday.




Wonder if they were also responsible for today's closing volume.

fordtin
29/2/2024
14:48
To be fair it was only 2p of enthusiasm and that might actually have bedn the mm’s trying it on very mildly !
yump
29/2/2024
13:19
Enthusiasm based on the rns didn't last long, I wonder instead if appreciation will grow over time that the excellent dividend remains well covered, NAV is clinging on, etc. A declining future power price outlook is balanced by reducing inflation?
marktime1231
29/2/2024
12:19
Masurenguy, I think it may take more than a few pence on NAV to get this share price moving up. Needs a change in sentiment for the whole sector. Hopefully this will come with the expected central bank rate course later this year. I am already fully loaded otherwise would be looking to invest further at this yield taking into account management expects to have the divi fully covered on an ongoing basis.
tag57
29/2/2024
08:13
Seemed a decent update to me, unfortunately my av purchase price is above £1+ but continue to reinvest the divi at these prices.
Looks like we should expect further capital recycling in the next month or two - from Chair “ Our Capital Recycling Programme is proceeding as planned and we expect to update the market in short order”

tag57
29/2/2024
08:03
Yeah this and the share price of other renewables will wake up at some point this year.

Good luck all 👍🏻

tuftymatt
26/2/2024
23:00
Three interesting overviews of relevant stuff:
rambutan2
26/2/2024
13:49
75.10 - 75.40 (GBX) at 13:26:57
on Market (LSE)

neilyb675
26/2/2024
12:32
RoddyB - considering the planned capital recycling plan I would have thought they would prefer to reduce debt first before BB.
The sale process is taking some time, rightfully so, as we are in no rush to sell to the first cheap bid. If by the end of 2024 and we are no further forward then maybe the NAV might be considered too high or maybe the sector is just unloved at this time.
Either way as long as NESF keep generating their income and grow/ maintain the divi I will be happy to compound it at its current yield.

tag57
26/2/2024
09:37
I think we need to start share buybacks soon as the discount to NAV is too good to miss. If the div has 1.3 cover, could we justify the 0.3 being used for buybacks? Or,is the fact that none of our assets that are being currently marketed have found a buyer putting management off as they no longer believe the NAV value and Mr Market has been right all along?
roddyb
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older

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