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ORIT Octopus Renewables Infrastructure Trust Plc

-0.20 (-0.23%)
07 Dec 2023 - Closed
Delayed by 15 minutes
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
  -0.20 -0.23% 88.30 1,090,540 16:35:16
Bid Price Offer Price High Price Low Price Open Price
88.30 88.80 88.80 88.50 88.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 77.96M 69.84M 0.1236 7.16 499.96M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:37:33 O 3,043 88.299 GBX

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Posted at 07/12/2023 08:20 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 88.50p.
Octopus Renewables Infra... currently has 564,927,536 shares in issue. The market capitalisation of Octopus Renewables Infra... is £499,960,869.
Octopus Renewables Infra... has a price to earnings ratio (PE ratio) of 7.16.
This morning ORIT shares opened at 88.80p
Posted at 19/11/2023 06:43 by masurenguy
MIDAS SHARE TIPS: Backing windfarms from start to finish sparks a 7% return

Octopus 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 18/11/2023 23:06 by cyfran101
Midas point of view:
Posted at 10/10/2023 16:04 by cruelladeville
Nice to see a good day for the share price here today. I can't see any news today. Happy days.
Posted at 06/10/2023 06:26 by jonwig
Profitable sale of Polish wind farms:

Part of capital recycling strategy (instead of buybacks).
Posted at 21/9/2023 14:18 by spectoacc
ORIT the only infrastructure IT I hold, I like them. Rising divis worth so much more than stable divis (eg HICL) over time.
Posted at 20/9/2023 18:01 by cruelladeville
Excellent news today from Kimberley Clark who have contracted to take power from ORIT's wind farm in Scotland. Very smart business, Octopus. ORIT has a great future ahead of it. Dividend is increased for the next year too. Shares are cheap here.
Posted at 24/7/2023 17:31 by cruelladeville
From the press today "Octopus Energy has announced plans to invest £15.5bn in offshore wind projects and farms by 2030."I wonder if ORIT will have a stake in this?
Posted at 29/3/2023 07:06 by winsome
Why has the share price slumped compared to the likes of Foresight Solar (which I currently hold)? Been reading these results and looks like ORIT would make a nice addition to my income portfolio.
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 17/11/2022 07:54 by speedsgh
Further Investment into Simply Blue Group -

Octopus Renewables Infrastructure Trust plc has invested an additional €6.25m (c.£5.5m) into Simply Blue Holdings Limited, the parent company of the Simply Blue Group ("SBG"), an Irish developer of predominantly floating offshore wind projects.

ORIT first invested in SBG in August 2021 for a c.12% stake - and following this latest investment, ORIT's ownership interest in SBG has increased to c.15.5%*. The Company has also agreed to provide a further investment of up to €6.25m which is expected to be drawn in 2023, and which would increase ORIT's ownership interest to c.19%*.

SBG has developed a pipeline of over 10GW of floating offshore wind projects to-date, primarily in the waters of the UK, Ireland and wider Europe as well as the US and Japan. With a background in marine development, SBG also has interests in wave energy and ancillary interests in sustainable aquaculture, deep water ports and e-fuels.

ORIT's investment comes alongside an equal co-investment from another fund managed by Octopus Energy Generation, Sky (ORI SCSp). In total, funds managed by Octopus Energy Generation combined will have a c. 38% stake in SBG.

Phil Austin, Chairman of Octopus Renewables Infrastructure Trust plc, commented:

"Floating offshore wind development is a promising and exciting area of renewables that ORIT is helping to grow even further. This latest investment highlights the strong potential ORIT sees in this sector. Simply Blue provides ORIT with additional diversification in the renewable technologies it covers, as it will enable us to tap into renewable energy generated in deeper waters, at stronger wind speeds and in different locations."

Chris Gaydon, Investment Director at Octopus Energy Generation, commented:

"The floating offshore wind sector will undoubtedly play a vital role in the clean energy system of the future. Just over a year after we first invested in Simply Blue, their development pipeline of floating offshore wind projects has grown significantly. Given falling costs, improving technology and growing investment, this area is going from strength to strength. We're right at the forefront of this innovative and fast-growing market, working with SBG to accelerate its growth and expand its development pipeline."
Octopus Renewables Infra... share price data is direct from the London Stock Exchange

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