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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
|
|
|---|---|---|---|---|---|
| 0.30 | 0.45% | 66.50 | 719,584 | 16:35:18 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 66.60 | 67.00 | 67.00 | 65.50 | 65.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 19.84M | 12.7M | 0.0226 | 29.65 | 371.72M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:18 | UT | 72,918 | 66.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/12/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 16/12/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 11/12/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 09/12/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 06/12/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 05/12/2024 | 15:12 | UK RNS | Octopus Renewables Infra Trust PLC Board Changes |
| 02/12/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Total Voting Rights |
| 28/11/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 27/11/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 26/11/2024 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
Octopus Renewables Infra... (ORIT) Share Charts1 Year Octopus Renewables Infra... Chart |
|
1 Month Octopus Renewables Infra... Chart |
Intraday Octopus Renewables Infra... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 16/12/2024 | 17:18 | :: OCTOPUS RENEWABLES INFRASTRUCTURE TRUST :: | 356 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-20 16:35:18 | 66.50 | 72,918 | 48,490.47 | UT |
| 2024-12-20 16:29:30 | 67.00 | 115 | 77.05 | O |
| 2024-12-20 16:28:50 | 66.60 | 69 | 45.95 | O |
| 2024-12-20 16:27:42 | 67.00 | 4 | 2.68 | O |
| 2024-12-20 16:27:42 | 67.00 | 14 | 9.38 | O |
| Top Posts |
|---|
Posted at 21/12/2024 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 66.20p.Octopus Renewables Infra... currently has 561,515,034 shares in issue. The market capitalisation of Octopus Renewables Infra... is £376,215,073. Octopus Renewables Infra... has a price to earnings ratio (PE ratio) of 29.65. This morning ORIT shares opened at 65.50p |
Posted at 16/12/2024 17:18 by zeppo Two of my other favourites: AGR and SEQI also paying good quarterly dividends with SPs well below Net Asset Value. Dividend raises and lower interest rates should change things (hopefully)For ORIT Unaudited NAV as at 30 September 2024 103.77 |
Posted at 16/12/2024 08:52 by cruelladeville I can't understand the very weak share price myself either. The assets are solid and in demand. Management seems fine. Yield is high and looks pretty secure. Mystery to me. |
Posted at 12/12/2024 09:38 by adam Philip Austin MBE and the directors in general hold a minuscule number of shares (p140 annual report). If the NAV is to be believed, why aren’t they piling in? Contrast and compare to Supermarket REIT where they have been buying heavily. The Supermarket REIT have changed the payments to the advisor to be based on share price rather than NAV. I think the market is voting on what it thinks of this setup. |
Posted at 10/12/2024 11:07 by cc2014 I think with the very large fund TRIG trading at a 28% discount all the smaller trusts are going to be on even bigger discounts unless there's something particularly good about them and I can't see that ORIT is.If it's of any help I struggle to see the selling in this sector carrying on much longer. Perhaps someone is having a clear out before year end. I don't know really. All I can say is I now have more stock in this sector than I'm comfortable with. No ORIT though. I sold all mine between 77-79p and switched into mostly FGEN which is by comparison doing considerably better. |
Posted at 28/8/2024 07:23 by gbcol The NAV of 105p appears to be robust judging by the figures they are achieving in the capital recycling programme, possibly even on the conservative side.I’d obviously like the share price to be nearer to that which would allow further fund raising and investment but in the meantime I’m content for ORIT to buyback shares worth 105p+ at under 80p, enhancing NAV. A bit more patience required but I’m in no rush so happy enough to sit back and reinvest the dividends. It’s not exciting or for everyone but suits me. |
Posted at 11/7/2024 19:46 by pj84 My average buy in price was 78.5p but having received some dividend payments my notional capital invested is now averaging 76.4p which is still slightly underwater but I have revisited some of my earlier posts: -246 of 314 "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." and 248 of 314 "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." So I am hoping that my entry was a bit early but that we will soon break out of the downward trend referred to, even though the expected cut in interest rates has taken longer to arrive than I hoped and with the new government providing a favourable environment for renewable energy investments. |
Posted at 25/6/2024 13:04 by cc2014 So, yesterday ORIT was kicked out of the FTSE250 and the large transactions related to it went through mostly on Friday but a few more at the close yesterday.It knocked the share price down a couple of pence but that seems to be over now with the share price gradually creeping up as the day goes by. |
Posted at 05/6/2024 12:59 by pj84 From the above: -"Liberum analyst Alex O’Hanlon said: ‘We think that the announcement of the share buyback should be a small positive for the shares, noting that ORIT currently trades on a much wider discount to its diversified peers’ at 30% versus the peer group average of 21%. The analyst has ORIT on a ‘buy’ rating and 115p share price target due to what he sees as the high level of earnings visibility, strong dividend cover, three-year track record of a CPI inflation-linked uplift to the dividend and the diversified portfolio." |
Posted at 04/6/2024 06:25 by cc2014 hmm. ORIT now 378th as of last night.I think the share price only needs to get to 72.7p for it to stay in now (all other things being equal of course). (If I were a large holder I'd be ramming the share price up in the last 10 minutes of the day) |
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. |
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