The Renewables Infrastru... Share Discussion Threads

[goldry] 01/4/2019 10:56

I'm in the same position as Stewart, but on iWeb. Still showing the open offer, but no confirmation of allocation.

[cwa1] 01/4/2019 10:56

ii still haven't sorted it out either(well, they haven't for me anyway!).

[trekker60] 01/4/2019 10:44

I think you need to have another word with Hargreaves. I applied through the open offer via my ISA trading platform Selftrade and got my allocation (approx 60% of application) last Thursday, Mar 28!

[stewart64] 01/4/2019 08:30

Rang Hargreaves re. the open offer, still not sorted but should be later today. None the wiser on the scale back either.

[stewart64] 29/3/2019 14:16

Still nothing happening on Hargreaves for me, still showing the 13,000 shares applied for at 114.00. I assume it will be cut back.

I did start picking up more during the slump around 116.4. By Monday it had fallen to 115.4 by which time I was in a bit too deep to keep going. It looked like free money on the floor, but figured it couldn't be because volume was zero and nobody was picking it up.

[trekker60] 28/3/2019 18:27

Yep, applied for £5K worth for my ISA, got just over £3K, so appears to be about 60% of application allocated. Would have been nice to get more but as a small shareholder glad to get at least a half-decent shareholding. Like Schofip, might look to top up at some point, particularly if the share price drops back a penny or two at any point once the current excitement dies down.

[stewart64] 28/3/2019 14:40

Yep stamp duty free on Trig, greencoat is taxable. What's the difference! Edit..Ah I see from above, Guernsey.

[goldry] 28/3/2019 14:38

Schofip, no stamp duty payable due to being Guernsey company.

[schofip] 28/3/2019 14:29

Was not sure what to expect as I was not a current holder of the shares. Was hoping in current climate they would grab every penny on offer. Bought for my ISA and is a good fit with my other long term investments. May even top up at some stage. Can anyone confirm that there is no stamp duty on buying the shares normally (ie not the open offer). As they are based in guernsey I am guessing not.

[stewart64] 28/3/2019 14:19

Schofip looks like it might be a pro rata scale back then irrespective of size, unless it's just a coincidence that your scale back is almost exactly the average.

[thamestrader] 28/3/2019 13:40

I'm still waiting, assuming I'll get about 2/3 my requested allocation.

[schofip] 28/3/2019 13:16

I applied for 20000 and got 12178

[stewart64] 28/3/2019 09:51

They are issuing 265 million shares from the 150 million initially intended. Still means over a third of the money will have to be returned. Would imagine small applications may not be scaled back. I went for 11,000 on top of entitlement, a 50/50 chance I reckon depending if the Institutions are the main reason for the oversubscription.

[davebowler] 28/3/2019 09:16

Liberum;
£302m capital raise

Mkt Cap £1,370m | Prem/(disc) 3.9% | Div yield 5.7%

Event

The Renewables Infrastructure Group has raised £302m (target £171m) under the initial issue of its placing programme. The issue price of 114p represents a 2.2% premium to NAV at 28 February 2019 (111.6p). The new shares are eligible to receive the 1.66p dividend for Q1 2019 (expected to be paid in June 2019).

The proceeds will be used to repay debt under the company's acquisition facility. £247m is expected to be drawn under the facility following an acquisition that is due to close shortly. The company also has existing commitments of c.£158m (Solwaybank and Erstrask) to be funded over the next 12 months.

As indicated in the recent results, TRIG has completed the refinancing of six Scottish wind farms. The new debt will be repaid over each asset's subsudy period. The project-level gearing is expected to be c.34% of the portfolio enterprise value at June 2019.

[stewart64] 25/3/2019 20:44

ec2..Thanks for the date, I too take it that although the shares are shown as allocated on Hargreaves; they are in fact subject to cancellation and eventual refund after the allocation announcement.

[tcuc3e] 25/3/2019 19:09

Big chunk of cash taken from my ISA account. No sign yet of new shares.

[ec2] 25/3/2019 18:51

Allocation results not announced until 28 Mar.

[getscenic] 25/3/2019 18:17

Got my full allocation plus extras applied for today through HL

[stewart64] 25/3/2019 11:39

a000257...I'm in here long term but I am not a passive investor for the income, I increase weight when the nav gap is narrow, reduce when it is looking toppy. Edit...money taken from my account for the open offer this afternoon. Anybody know when we are likely to know the allocation on the extra shares? Thanks.

[carpingtris] 23/3/2019 19:34

In this week's IC page 50

[jonwig] 23/3/2019 17:44

gateside (#226) - sanity there!

[gateside] 23/3/2019 17:26

Looking to buy BSIF if it falls in price.

[gateside] 23/3/2019 17:25

I think the share price matters. Because even if your a buy and hold, reinvest the dividends person, like I am. The might come a point when you decide you want, or maybe you need to sell.So a higher share price, guarantees you can sell at a profit. It's more than just vanity in my opinion.Currently holding JLEN and TRIG, plus I took up the open offer in TRIG

[a0002577] 23/3/2019 13:05

Can I ask, Masurenguy & stewart64 why the share price matters to you?

It matters to me 'cos I trade in and out of these (and all the Green Infrastructure shares).

I am out of TRIG at the moment and into BSIF and JLEN which have not extended their asset life yet and so I see more upside there and expect announcements shortly. Furthermore they both yield more than TRIG.

If I was a buy and hold guy the share price sort of matters cos it sort of shows that I bought wisely. But that is mere vanity.

If I was a buy and hold guy that reinvested dividends then the lower the price the more shares I get, so I would would want the price to come down.

As a trader I want the price to go up when I hold them and down when I don't. The price has to come down more for me to turn buyer. sub 110 would persuade me to look again or a five or six pence rise in BSIF or JLEN

[stewart64] 23/3/2019 10:07

Thanks for that. I see Hargreaves quote nav without dividend due which I didn't realise. It's still pegged to its natural floor. If you add assumed EPS since 28th Feb (about 0.75p) we are probably at 115.6/112.35 as of now or just 2.8% premium...about as low as it got in spring 18. The nav chart has been fairly predictable in the nav peaks and troughs.

But with all this Brexit mess and the Opposition playing for a general election we are a bit in uncharted waters.