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  6. Octopus Renewables Infrastructure Trust Plc (ORIT)

  7. Octopus Renewables Infrastructure Trust Plc (ORIT) Share Price

ORIT

Octopus Renewables Infrastructure Trust Plc

97.70
-1.20 (-1.21%)
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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
Upgrade Icon
  -1.20 -1.21% 97.70 484,201 16:35:01
Bid Price Offer Price High Price Low Price Open Price
97.80 98.30 98.80 97.80 98.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Trust,ex Ed,religious,charty 77.96 69.84 12.40 8.47 551.93
Last Trade Time Trade Type Trade Size Trade Price Currency
18:06:20 O 11,819 97.70 GBX
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Octopus Renewables Infra... (ORIT) Latest News (1)

Octopus Renewables Infra... News

Date Time Source Headline
31/5/202307:00UKREGOctopus Renewables Infra Trust PLC Appointment of New Director
23/5/202307:00UKREGOctopus Renewables Infra Trust PLC Notice of Capital Markets Event
09/5/202317:09ALNCNewsTRADING UPDATES: TT Electronics trading encouraging, revenue jumps
09/5/202307:00UKREGOctopus Renewables Infra Trust PLC Q1 2023 Factsheet and Net Asset Value
06/4/202313:58ALNCNewsOctopus Renewables invests in green hydrogen developer Hyro Energy
06/4/202307:00UKREGOctopus Renewables Infra Trust PLC Investment into Green Hydrogen Developer
29/3/202313:18ALNCNewsTRADING UPDATES: Shanta profit jumps; Octopus Renewables optimistic
29/3/202307:00UKREGOctopus Renewables Infra Trust PLC Final Results to 31 December 2022
29/3/202306:37ALNCNewsGET READY: Next, Essentra, Medica, RM, S4 Capital, at 0700 BST
22/3/202307:00UKREGOctopus Renewables Infra Trust PLC Notice of Investor Meet Company..

Octopus Renewables Infra... (ORIT) Discussions and Chat

Octopus Renewables Infra... Forums and Chat

Date Time Title Posts
09/5/202307:22:: OCTOPUS RENEWABLES INFRASTRUCTURE TRUST ::187

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Octopus Renewables Infra... (ORIT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 17:07:0797.7011,81911,547.16O
2023-05-31 16:50:3997.9311,81911,574.46O
2023-05-31 16:30:0797.81381372.66O
2023-05-31 16:06:3297.9010,33210,115.23O
2023-05-31 15:58:2797.7110.98O

Octopus Renewables Infra... (ORIT) Top Chat Posts

Top Posts
Posted at 06/4/2023 10:07 by cruelladeville
Bought back into ORIT recently. There's some pretty impressive people behind the Octopus business.
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Posted at 06/4/2023 08:09 by jonwig
Diversifying:

Octopus Renewables Infrastructure Trust plc is pleased to announce that it has agreed to invest up to £5m into HYRO Energy Limited, ("HYRO") a new joint venture between ORIT (co-invested alongside another fund managed by Octopus Energy Generation, Sky (ORI SCSp)("Sky")) and Renewable Energy Systems ("RES"). HYRO has been established to develop green hydrogen electrolysis projects in England, Scotland and Wales for industrial offtake/consumption.

https://www.investegate.co.uk/octopus-renewables--orit-/rns/investment-into-green-hydrogen-developer/202304060700055587V/
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Posted at 29/3/2023 15:10 by jonwig
Interesting, but from what I can see, Octopus Energy are not a top shareholder in ORIT.

Being the investment manager is not the same thing.
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Posted at 29/3/2023 08:06 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.
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Posted at 29/3/2023 07:25 by jonwig
Outstanding, in fact!

No poing getting hang-ups about the share price. And forward 6.5% yield seems to have some indexing.
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Posted at 01/2/2023 11:31 by alan pt
@lambeater Sadly there's not much escape from taxes - ORIT also has assets in Spain and in UK, France, Ireland which have all imposed additional taxes

However, this market development seems to mostly favour those entering into long term power price agreements, which largely avoids exposure to these windfall taxes, so I don't think it's actually a big problem (except possibly for UKW which seems to have gained considerable benefit from peak prices?)

Personally I see ORIT and AERS as quite similar and I think they are both good options, I might end up with some of both :)
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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.
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Posted at 21/1/2023 20:26 by gateside
Yields 6%The share price has been fairly weak compared to other renewables Beginning to look tempting
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Posted at 17/11/2022 07:54 by speedsgh
Further Investment into Simply Blue Group - HTTPS://www.investegate.co.uk/octopus-renewables--orit-/rns/further-investment-into-simply-blue-group/202211170700076931G/

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."
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Posted at 28/9/2022 13:07 by lambeater
hxxps://www.rystadenergy.com/news/eu-revenue-cap-helps-consumers-but-may-end-up-capping-europe-s-renewable-energy-a

Renewables had been avoiding the markdown until very recently. The EU cap was a shock perhaps and is now working its way into the share price I originally bought at a good price in early July and thought I'd done the right thing until recently. I have added some VAPX and LWDB at this mornings lows but not yet added to my ORIT position. I expect lower levels for the market. Losing now on ORIT of course. Also holding TRIG.

I know what you mean about the yield not looking so great compared to interest rates. We might see 6-7pc on a 1 year in 2023 so this would have to go under 90p to be as relatively attractive as it was before the tightening.
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