The Renewables Infrastru... Share Discussion Threads

[jonwig] 22/10/2019 15:45

No, they've exchanged one asset (cash) for another (a wind farm).

[11_percent] 22/10/2019 14:45

Am I right in saying that this is a 3% increase in the TRIG NAV.

[11_percent] 22/10/2019 11:31

We just keep expanding.

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22 October 2019
The Renewables Infrastructure Group Limited

("TRIG" or "the Company", a London-listed investment company advised by InfraRed Capital Partners as Investment Manager and Renewable Energy Systems ("RES") as Operations Manager)
Acquisition of an operational wind farm in the UK
The Board of TRIG is pleased to announce that the Company has acquired a 100% interest in Little Raith Wind Farm ("Little Raith" or "the Project"), a 25MW operational wind farm located in Fife, Scotland. Little Raith was acquired from local developer Kennedy Renewables. The Project consists of nine 2.75MW GE turbines and GE will continue to provide full-scope Operations and Maintenance services.
Little Raith was commissioned in November 2012 and benefits from Renewable Obligation Certificate ("ROC") accreditation, enabling it to receive 1.0 ROC per MWh of energy produced until 2032. It has a power purchase agreement with Statkraft Markets Gmbh effective from the Project's commissioning date for a duration of 15 years.
The Project, which was acquired ungeared, represents approximately 3% of TRIG's portfolio. The investment was financed from the Company's cash resources following its recent fund raise.

[gateside] 07/10/2019 17:49

That news release makes no sense as TRIG has been in the ftse250 for years.

[tartshagger] 07/10/2019 12:44

This is interesting...

www.theguardian.com/business/2019/oct/07/uk-universities-in-landmark-deal-to-buy-energy-direct-from-windfarms

[jonwig] 05/10/2019 06:23

OK, but what did yesterday's RNS mean?

[gateside] 04/10/2019 20:44

It's already in the FTSE250 and has been for a number of years.

[carpingtris] 04/10/2019 18:48

Looks like it..

[jonwig] 04/10/2019 17:39

Have we been promoted to FTSE250, from 9 Oct? Announcement unclear.

[jonwig] 03/10/2019 20:04

... the Company has successfully completed the fundraising, raising gross proceeds of £227.6m.

The Issue was heavily oversubscribed. Accordingly, the Company has had to scale back applications materially. The Company will issue 185m New Ordinary Shares, being the balance remaining available under the Company's Share Issuance Programme which was put in place on 7 March 2019.

Demand is still huge, and the share price refused to stay down.

[jonwig] 02/10/2019 15:16

Why bother about the premium when you're on a roll?



PS - And you don't need Greta T to force it down your throat: just follow the money.

[gateside] 30/9/2019 18:43

Can see it drifting towards 124p over the week. Certainly worth a top up if it does.

[carpingtris] 30/9/2019 18:12

If it drops to ~123p ... opportunity to top-up :)

[neilyb675] 30/9/2019 18:07

divi arrived

[steve73] 30/9/2019 12:46

I thought (and was hoping) it would have dropped back closer to the 123p new funding price. This suggests it'll be oversubscribed again (like the previous funding), and maybe this is as good as it'll get...

[11_percent] 30/9/2019 10:56

Well.....that crashed the share price

[jonwig] 27/9/2019 15:50

apollo - that's interesting! A J Bell could do it, most other pi brokers not. (I bet the commission was shared!)

[apollocreed1] 27/9/2019 15:26

I got my broker, AJ Bell, to call up BBGI's placement broker when they did a bookbuild and offer to buy £20k of the offering. They gave me the indicative price they wanted bids at and they accepted my £20k - so this is possible if you try. I got charged £100 commission for the job but I thought that to be reasonable.

[jombaston] 27/9/2019 08:41

I agree it looks interesting but hopefully will drift lower over the next few trading days

[11_percent] 27/9/2019 08:31

Ok, cheers...….don't have a few million at the moment.

[jonwig] 27/9/2019 07:52

Nope - instis only. (Unless you've a few million ... give them a ring!)

[11_percent] 27/9/2019 07:31

Do existing shareholders get access to this placing, or is it a bookbuild for IIs only.


The change in investment policy looks ok.

[jonwig] 27/9/2019 07:18

Pretty significant announcement:



Increasing the investment mix in Europe is very positive.

Another non-preemptive share issue, taking advantage of the premium.
They say there are still 185m shares available for issue under the current programme, but don't say whether they intend placing the whole lot this time. A price of 123p looks enticing.

[11_percent] 31/8/2019 09:50

jonwig,

Cheers, that's the sort of stuff I am after.

PMG (oil company) has just bought a site, west of Aberdeen, with the "potential" to develop wind, solar, biomass......might work....don't know.

Could be worth a look.