We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Octopus Renewables Infrastructure Trust Plc | ORIT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.20 | 0.27% | 73.70 | 16:35:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 73.60 | 73.00 | 73.90 | 73.70 | 73.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 28/3/2024 12:06 by gopher The Q and A session of Investors Meet seemed to be for industry professionals and I suspect the source of the Citywire article. |
Posted at 26/3/2024 00:38 by gopher Worth catching up with yesterdays presentation and QA on Investors meet to see ORIT response to some of the question raised here.For those of you who don't want to devote 45 minutes, ORIT came across as competent but sector is going through a difficult period and I think less savvy operators may get into trouble. |
Posted at 27/1/2024 18:01 by spangle93 Kepler's view: "Merger of ORIT and AERI could make sense for shareholders"I can't find anything in the original announcements with any timescale for AERI to have to give their considered response. Can anyone shed any light on the timeline? |
Posted at 18/1/2024 20:42 by speedsgh Octopus keeps up with inflation lift to dividendOctopus Renewables Infrastructure (ORIT) is starting to establish a reputation for reliability as it has increased its dividend target by inflation for the third year.The board said it would pay 6.02p per share this year, an increase of 4% on last year's dividend of 5.79p per share.This rise, which is in line with the consumer prices index for the 12 months to 31 December, will still leave the payout fully covered by cashflow.Chair Phil Austin said the dividend hike was thanks to investment managers Matt Setchell, Chris Gaydon and David Bird and their 'successful delivery of construction projects'. ORIT has an operational capacity of 536MW via 29 assets across five countries, which can generate enough electricity to power 242,000 homes.However, Stifel analyst Will Crighton highlighted that dividend cover was 'squeezed' over the first half of last year to 1.1 times due to generation being 13% below budget, which will 'have acted as a drag on full-year numbers', which are yet to be released.'We expect cover to improve during 2024 with the 67MW Breach solar farm in Cambridgeshire soon to become operational,' he said. 'And the fund is also expecting to imminently acquire a sizeable 241MW portfolio of five solar assets in Ireland once construction has completed.'The analyst added that these acquisitions, along with improved generation performance, should 'more than offset any increased financing costs' and 'any impact on revenue from further asset sales'.Liberum analyst Alex O'Hanlon said the dividend hike will 'reinforce the credibility of the company as a progressive and reliable dividend payer' and could narrow the share price discount.ORIT trades on a discount of 17.7%, while peers such as JLEN Environment Assets (JLEN) and Downing Renewables Infrastructure (DORE) trail 20% and 25% below their asset values, respectively, despite both paying higher dividends. Before the announcement, ORIT yielded 6.4%, JLEN yielded 9.4% and Downing's yield was 7.7%. 'The dividend increase lifts the dividend yield to 6.8% and more in line with peers,' said O'Hanlon. 'Given this dividend is fully covered, investors should welcome this news and gain more trust in the company as a strong income play.'The dividend hike could also help sway investors of Aquila European Renewable (AERI), which ORIT has targeted for acquisition despite the board of the former being less than receptive. AERI has a dividend yield of 6.7%.Shares in ORIT were up just over 2% on Thursday to 90p. |
Posted at 22/12/2023 09:13 by cc2014 I have read the ORIT RNS about 20 times now and when you go for this sort of transaction you want to focus on the benefits of the rationale for the transaction.And for the life of me even after reading it 20 times they don't seem to have done that very well. It just seems to be bigger and better for the sake of it. I'm not sure investors in either trust will be bothered by increased "geographical and technological diversification". Given that the third benefit is extending ORIT's capital recycling programme what is that ORIT can do which AERI do not do already? It all seems a bit of a stretch to me. I think all this does is demonstrate just how frustrated so many people are with the discounts to NAV. But that raises a question. If the discounts to NAV are so blatantly wrong why aren't the wealth managers piling in now 10 year gilts have fallen over 100bp? Well that would be the redemption flow to investors to pay mortgages or maintain lifestyles. Whatever, I think the discounts to NAV will close over time to some smaller number and I'm happy to be owning a number of the renewables. |
Posted at 19/11/2023 06:43 by masurenguy MIDAS SHARE TIPS: Backing windfarms from start to finish sparks a 7% returnOctopus Renewables Infrastructure Trust (Orit) adopts a more practical stance. Focused on wind and solar farms, the group produces enough electricity to supply about 500,000 homes, with more coming on track down the line. But managers Chris Gaydon and David Bird are not just keen to be green, they are also determined to deliver rewards for shareholders. With the shares at 90.5p and a dividend yield of more than 7%, the stock is worth a closer look for investors of all persuasions. Although most assets are in wind and solar power, Orit invests in other renewable options, including battery storage and green hydrogen. This diversification is designed to provide shareholders with an extra sparkle – the ability to deliver both long-term growth and attractive income. To date, the firm has done well on the income front. Dividends are paid quarterly and have almost doubled since Orit floated in 2019, increasing consistently in line with inflation, even when that was running at more than 10 per cent. Share price growth has been more elusive. Having listed at £1, the stock rose to £1.18 in the spring of 2022 but has drifted lower since, hit by rising interest rates and general apathy towards renewable energy stocks. The current price represents an opportunity. No position but onto my watchlist. |
Posted at 26/9/2023 20:51 by the deacon Recording of the Investor Meet Company presentation https://youtu.be/9nk |
Posted at 26/1/2023 02:06 by lambeater Reading the forums there seems to be a pervasive negativity by investors towards ORIT due to them being late to list on the market and slow to make acquisitions. But if you look at the share price performance of the other LSE renewables, they were similarly slow to take off after listing.My initial purchase was at 107p and although I’ve received a couple of payouts since, I’m losing on that position. On Tuesday I bought a second, same-sized tranche at 95.30. Hopefully we will see some strength towards the mid Feb XD date. One is always trying to minimise the gamble but if you don’t buy when the cheap price presents itself then when? It appeared to me that someone had been offloading a large position leading up to Tuesday’s close. It felt like a moment to risk entry. |
Posted at 27/4/2022 07:59 by speedsgh Acquisition of Stake in Lincs Offshore Wind Farm - Octopus Renewables Infrastructure Trust plc is pleased to announce that it has entered into an agreement to acquire a 7.75% ownership interest in the Lincs Offshore Wind Farm ("Lincs"). Lincs, located off the east coast of England, has been operational since 2013 and benefits from the UK's ROC regime, receiving 2 ROCs per megawatt hour of electricity generation during the first 20 years of operation. It has an installed capacity of 270MW, made up of 75 turbines each of 3.6 MW spread across c. 35 square kilometres. Lincs is operated and managed by Ørsted, the largest energy company in Denmark and a leading developer and operator of offshore wind farms in the UK and globally. Completion of the acquisition is expected to take place during Q2 2022 (subject to receipt of consents from existing investors and lenders). Following completion of the transaction, Lincs will represent approximately 10% of the Company's portfolio on a gross asset value1 basis. Phil Austin, Chairman of Octopus Renewables Infrastructure Trust plc, commented: "Our investment into Lincs is ORIT's first into an operational offshore wind farm, and will provide us with an additional revenue generating asset, that benefits from the favourable ROC subsidy regime and gives ORIT further portfolio diversification. The acquisition will also strengthen ORIT's relationships with leading investors and operators in the offshore sector." |
Posted at 07/2/2022 07:45 by speedsgh Net Asset Value, Factsheet and Notice of Results - The Board of Octopus Renewables Infrastructure Trust plc (the "Company" or "ORIT") announces that the unaudited net asset value ("NAV") of the Company as at 31 December 2021 on a cum-income basis was GBP577.7 million or 102.26 pence per ordinary share. The Company's unaudited NAV has increased by GBP86.9 million or 3.10 pence per ordinary share compared to 30 September 2021. This uplift was driven primarily by increases in wholesale energy pricing in Sweden, Poland and the UK (+GBP22.3 million), particularly in the short-term. Other drivers of the 31 December 2021 NAV include an increase in short term UK inflation assumptions (+GBP5.4 million), and the Company's recent fundraise, raising net proceeds of GBP72.4 million. These movements were partially offset by dividends paid of GBP6.2 million or 1.25 pence per ordinary share, net FX movements after hedging of -GBP3.2 million and other net movements of -GBP3.8 million, including transaction costs relating to acquisitions made during the quarter. Factsheet The Company's Q4 2021 factsheet is available to download at: hxxps://octopusrenew Notice of Results The Company's audited results for the financial year to 31 December 2021 will be published in March 2022. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
