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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Octopus Renewables Infrastructure Trust Plc | LSE:ORIT | London | Ordinary Share | GB00BJM02935 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.90 | 1.26% | 72.20 | 669,485 | 16:35:25 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 71.90 | 72.10 | 72.50 | 71.30 | 71.30 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 77.96M | 69.84M | 0.1236 | 5.82 | 406.18M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:36:38 | O | 4,036 | 71.822 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/4/2024 | 10:01 | ALNC |  Octopus Renewables Infrastructure agrees deal for Sky UK to buy power |
| 24/4/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC 10 year PPA with Sky signed - Crossdykes.. |
| 17/4/2024 | 13:33 | UK RNS | Octopus Renewables Infra Trust PLC Director/PDMR Shareholding |
| 02/4/2024 | 10:19 | UK RNS | Octopus Renewables Infra Trust PLC Results analysis from Kepler Trust.. |
| 25/3/2024 | 09:09 | ALNC | Octopus Renewables raises dividend despite poor portfolio performance |
| 25/3/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Final Results to 31 December 2023 |
| 05/3/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Notice of Final Results and Investor.. |
| 01/3/2024 | 13:03 | UK RNS | Octopus Renewables Infra Trust PLC Holding(s) in Company |
| 26/2/2024 | 20:17 | ALNC | TRADING UPDATES: Begbies trading in line; Probiotix inks partnership |
| 26/2/2024 | 15:48 | UK RNS | Octopus Renewables Infra Trust PLC Response to announcement by AERI / AERS |
Octopus Renewables Infra... (ORIT) Share Charts1 Year Octopus Renewables Infra... Chart |
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1 Month Octopus Renewables Infra... Chart |
Intraday Octopus Renewables Infra... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 25/4/2024 | 11:49 | :: OCTOPUS RENEWABLES INFRASTRUCTURE TRUST :: | 253 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-26 16:36:46 | 71.82 | 4,036 | 2,898.74 | O |
| 2024-04-26 16:26:29 | 72.20 | 2,274 | 1,641.83 | O |
| 2024-04-26 16:04:08 | 72.20 | 2,274 | 1,641.83 | O |
| 2024-04-26 15:56:46 | 72.20 | 413 | 298.20 | O |
| 2024-04-26 15:35:25 | 72.20 | 23,986 | 17,317.89 | UT |
| Top Posts |
|---|
Posted at 26/4/2024 09:20 by Octopus Renewables Infra... Daily Update Octopus Renewables Infrastructure Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker ORIT. The last closing price for Octopus Renewables Infra... was 71.30p.Octopus Renewables Infra... currently has 564,927,536 shares in issue. The market capitalisation of Octopus Renewables Infra... is £406,182,898. Octopus Renewables Infra... has a price to earnings ratio (PE ratio) of 5.82. This morning ORIT shares opened at 71.30p |
Posted at 26/3/2024 21:29 by pj84 Just to add to the comment in the Citywire article in post 244 pointing out "ORIT's 'exceptional earnings visibility" in the presentation it was mentioned that even if power prices slumped that wouldn't directly lead to a cut in the dividend as ORIT has entered into long fixed price contracts with end users one example being a 15 year contract to supply electricity to Microsoft at a fixed price for 15 years. |
Posted at 26/3/2024 19:33 by pj84 Just listened to the presentation and didn't hear anything that raised any concerns for ORIT specifically.For those who aren't traders, buying now at these lows of more than a 30% discount to NAV whilst locking in a prospective dividend yield of over 8% (which is targeted to increase in line with inflation) with the possibility of falling interest rates improving sentiment in the sector and possibly reducing the discount, this could be a good time to buy if you are patient. |
Posted at 26/3/2024 13:27 by pj84 "Liberum’s Alex O’Hanlon said the results were very much in line with the sector, which endured a perfect storm of rising discount rates, falling inflation and low power prices combined with low wind speeds, making for an ‘annus horribilis’.On the bright side, O’Hanlon pointed to falling discount rates in 2024 if interest rates were cut that would lift the portfolio, while pointing out ORIT’s ‘exceptional&r |
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 25/3/2024 15:20 by spectoacc BISA a non-starter, but Labour's plans will certainly be interesting.Noted this on wind this morning: I rated ORIT management, but the whole AERI/AERS palava put me right off - should stick to their knitting. They may yet attempt a high bid but if it's for paper, good luck. Agree insts are selling down the sector, but suspect as much due to us entering a 3rd year of retail withdrawal from the market. Had never previously been two consecutive calendar years before, even in the GFC. Is creating bargains but bargains that are getting still cheaper. Chart on ORIT does not look pretty. |
Posted at 25/3/2024 15:17 by gopher I would say ORIT sits in the middle of the sector risk premium. The infrastructure sector is under the cosh as a whole with renewables in particular focus as power prices and wind speeds fall. Maybe it’s safer with the sector heavyweights but ORIT is a worth considering with some flexibility in its mandate both geographically and technologically.One of the challenges for the Labour government is turbocharge green investment, the sector does offer reasonably secure cash flows and should be attractive to the pensions industry who appear to have sold down the UK very heavily in recent decades. British ISA is a sign that politicians are waking up to problem. |
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 12/1/2024 15:59 by speedsgh Liberum tips Chrysalis and Octopus Renewables for turnaround - HTPS://citywire.com/Chrysalis and Octopus Renewables are added to stock broker Liberum’s top stock picks for the coming year, the only investment companies on the 13-strong list... ... Octopus Renewables Infrastructure, a £605m portfolio of solar and wind assets in Europe and the UK, also made it onto Liberum’s list of 13 stocks. Analyst Alex O’Hanlon said ORIT was at an ‘exciting juncture’ thanks to a capital recycling programme and a proposed merger with peer Aquila European Renewables (AERI). On the last working day before Christmas, ORIT issued a stock exchange announcement stating that after several approaches to the AERI board about a potential merger had met with no response, it had taken the deal to some shareholders and received their support. O’Hanlon said a ‘key drawback’ for the trust has been its scale and this would be addressed by the merger as its NAV would hit £1bn. ORIT also believes the deal will aid its capital recycling programme, a plan to sell assets to repay short-term debt facilities. In October last year, the trust made headway as it sold two Polish wind farms at a 14% premium to their latest valuation. The analyst said ORIT ‘provides strong inflation linkage, minimal currency risk and a dividend that is well covered’ but is differentiated from peers Renewables Infrastructure Group (TRIG) and Greencoat UK Wind (UKW) through ‘higher construction exposure (targets circa 30%) creating NAV uplift through yield compression once operational’. Shares in ORIT, which have suffered a more than 10% fall in the past 12 months, are trading at a 17% discount to NAV. The trust traded at 89p on Friday. Liberum has a target price of 115p. |
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. |
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