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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
|
|
|---|---|---|---|---|---|
| 0.50 | 0.78% | 64.60 | 307,311 | 10:45:21 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 64.10 | 65.10 | 64.60 | 64.30 | 64.30 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 19.84M | 12.7M | 0.0229 | 28.21 | 356.17M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:47:04 | O | 10 | 65.10 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 05/3/2025 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 03/3/2025 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Total Voting Rights |
| 28/2/2025 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 28/2/2025 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC ORIT signs new five-year term loan.. |
| 26/2/2025 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 25/2/2025 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 24/2/2025 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 24/2/2025 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Irrevocable Share Repurchase Programme |
| 21/2/2025 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
| 10/2/2025 | 07:00 | UK RNS | Octopus Renewables Infra Trust PLC Transaction in Own Shares |
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 |
|---|---|---|---|
| 28/2/2025 | 08:59 | :: OCTOPUS RENEWABLES INFRASTRUCTURE TRUST :: | 388 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:47:05 | 65.10 | 10 | 6.51 | O |
| 10:45:21 | 65.10 | 50 | 32.55 | O |
| 10:45:21 | 65.10 | 7 | 4.56 | O |
| 10:45:21 | 65.10 | 76 | 49.48 | O |
| 10:45:21 | 65.10 | 1 | 0.65 | O |
| Top Posts |
|---|
Posted at 05/3/2025 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 64.10p.Octopus Renewables Infra... currently has 555,643,774 shares in issue. The market capitalisation of Octopus Renewables Infra... is £358,945,878. Octopus Renewables Infra... has a price to earnings ratio (PE ratio) of 28.21. This morning ORIT shares opened at 64.30p |
Posted at 28/2/2025 08:59 by red ninja Nice finance deal announced today, should have saved £1 million + in costs :->>>>> Octopus Renewables Infrastructure Trust plc, the diversified renewables infrastructure company, announces it has signed a new five-year term loan facility (the "Facility") with three of its existing lenders. The £100 million Facility will be used to pay down a portion of the existing and more expensive Revolving Credit Facility ("RCF") debt. The Facility comprises equal commitments from Santander, National Australia Bank and Allied Irish Banks and is secured against ORIT's UK onshore wind and solar assets which benefit from a high level of fixed revenues. ORIT has secured an all-in hedged interest rate of 5.3%, representing a material decrease in costs from the existing RCF, which has an all-in rate of approximately 6.5%. As at today's date, the Company had drawn £151.2 million on the RCF, a portion of which will be paid down using the net proceeds from the Facility, reducing the drawn amount to c.£53 million. In addition, the Company is currently in the process of extending the tenor of the RCF and reducing its commitment size from £270.8 million in order to decrease commitment fees and further reduce costs. |
Posted at 12/2/2025 10:35 by skinny This may (or not) be of interest, but I've held for some years.It yields @8.4% and holds ORIT & UKW amongst others. |
Posted at 06/2/2025 10:36 by red ninja Appears like a good deal for ORIT today :-Increased Commitment to Finnish Wind and Solar Developer Asset Follows significant progress of the investment to date and will support progression of pipeline Deal to be restructured to provide ORIT with a direct stake in the developer Octopus Renewables Infrastructure Trust plc, the diversified pan-European renewable energy infrastructure impact company, announces it has committed an additional €3.4 million (£2.8 million equivalent) to Nordic Generation ("Norgen"), a specialist developer focused on the Finnish wind and solar market, to build on the strong progress already achieved by the asset and to support its Phase 2 pipeline. As part of the transaction, ORIT's existing 50% holding in Nordic Renewables will convert into a direct 30% stake in the integrated Norgen development business. The new structure is expected to be value accretive for ORIT, with a base case increase of between £1.0 and £1.5 million, and should allow for greater range of upside for ORIT over the life of the asset. The initial commitment of €3.4 million (c. £2.9 million) was made in April 2022 and at today's date is €2.5 million drawn. The value of ORIT's holding in Nordic Renewables was valued at €4.8 million (£4.0 million) as at 31 December 2024 - an increase of £2.0 million over the quarter. The additional funding takes ORIT's total maximum commitment to approximately €6.8 million (£5.6 million) and means that the total capacity of projects expected to reach Ready to Build stage increases to 845MW - more than double the anticipated combined capacity of 400MW originally projected. ORIT's investment is being made alongside another fund managed by Octopus Energy Generation ("Sky" or "ORI SCSp"), which held the remaining 50% stake in Nordic Renewables and will also be taking a 30% stake in Norgen on the same terms as ORIT. The remaining 40% stake is held by the management team. Phil Austin, Chair of Octopus Renewables Infrastructure Trust plc, commented: "We are delighted to announce this follow-on commitment and restructuring of the Norgen investment. The Finnish developer has already made positive progress to date, with a number of projects expected to reach construction phase this year and next, having secured key permits. We believe the additional funding in this transaction will enhance generation capacity, providing much-needed clean energy. We also believe the updated ownership structure has the potential to deliver greater upside and opportunities for ORIT in future." |
Posted at 31/1/2025 08:27 by cruelladeville ORIT, quality company, just far too cheap. |
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 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 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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