The Renewables Infrastru... Share Discussion Threads

[jonwig] 30/7/2013 19:11

Will update the Holdings into the header as they happen.

It's likely that a good 70% of these will be in institutional hands - mostly declarable. So a lower 'free float' might make it volatile, but only as a distraction.

The 6% indexed return for the current portfolio is probably very secure but UKGov have announced reduced subsidies for wind for new builds from 2017. This is down to lower costs.
If similar happens to solar, there's lower subsidies but also cheaper hardware and more efficient distribution.

BTW - if anyone here bought and paid 0.5% stamp duty, do complain - it doesn't apply.

[pas100] 30/7/2013 18:10

I see that M&G have taken a large stake as well as Old Mutual - looks very promising

[it_trader] 30/7/2013 14:32

This is going to most likely be my most boring defensive investments yet ;)

[jonwig] 29/7/2013 11:09

. .





300m shares issued 29 July 2013.

The Company is a newly established closed ended investment company limited by shares and was incorporated in Guernsey under the Companies Law on 30 May 2013.

The Company has agreed to acquire the Initial Portfolio comprising interests in operational onshore wind farms and solar PV park assets from the Vendors (subject to Admission and certain other conditions).

The Initial Portfolio consists of 18 distinct wholly-owned assets in the UK, France and the Republic of Ireland. 14 of the assets are operating onshore wind projects (representing generating capacity of approximately 256 MWs) and four of the assets are operating solar PV projects (representing generating capacity of approximately 20 MWs), with a weighted average operational history of approximately five years.

The Company will seek to provide investors with long-term, stable dividends, whilst preserving the capital value of its investment portfolio through investment, principally in a range of operational assets which generate electricity from renewable sources, with a particular focus on onshore wind farms and solar PV parks.

The Company is targeting an initial annualised dividend of 6 pence per Ordinary Share and will aim to increase this dividend progressively in line with inflation over the medium term.

Pre-IPO summary:





Significant Holdings at 31/07/13 (total 300,000,000 shs):
Prudential Group ............. 47,000,000 15.8%
Henderson Global Investors ... 24,000,000. 8.0%
Renewable Energy Systems Ltd . 15,000,000. 5.0%