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Share Name | Share Symbol | Market | Stock Type |
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Sdcl Energy Efficiency Income Trust Plc | SEIT | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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51.40 | 51.40 | 51.80 | 51.90 | 51.50 |
Industry Sector |
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EQUITY INVESTMENT INSTRUMENTS |
Top Posts |
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Posted at 29/11/2024 11:12 by wshak Lousy performance by their funds causes investors to question them and ask for their money back - redemptions.This means the Fund Manager has to sell portions of their portfolios to give cash to satisfy redemption demands. |
Posted at 29/11/2024 09:56 by mwj1959 Liquidity / Discount risk is a major concern for many of the institutional holders of these assets, such as Discretionary Managers. None envisaged (naively in my opinion) the level of discounts that some of these alternatives trusts have gone out to in recent years. Clearly 10yr Gilts rising from 0% to 4-5% have had a lot to do with that, but underlying performance hasn't helped either. In some of the smaller trusts if investors are given the opportunity of a wind-up somewhere around NAV in a vehicle with limited liquidity, illiquid assets and a large (and volatile) discount they are not surprisingly going for the latter. That trend is going to continue. Other than Gilt yields falling materially (unlikely) and/or massive buybacks (not been effective so far) there is little to drive sustained discount narrowing. Frustrating for LT holders, but a clear yield opportunity currently for the patient buy and hold income investor, albeit still with plenty of discount and NAV risk i.e. share prices can still go lower. Investing is about the balance between risk and reward and for many of these trusts it is probably tilted to far towards the former.I don't own SEIT currently, but do own plenty of others in this space. |
Posted at 21/11/2024 11:03 by finkie This company worries me lot of highly paid people not sure if they are running many profitable businesses cash hungry ones yes but not the investor friends kind that make profit… |
Posted at 16/9/2024 13:23 by hpcg The near continuous flow of takeovers of London listed company tells me it is the market not the constituents that is the cause of undervaluation. I've given up worrying about other investors, private or institutional. The people giving away their property for a pitance are idiots. |
Posted at 16/9/2024 08:27 by spectoacc Yup, M&G down to 8.2%. That's still a fair few to go but as M&G must be amongst the very worst investors out there (recall them buying more HOME even AFTER the allegations were out), the share price could look very different once they've gone. |
Posted at 17/4/2024 14:30 by spectoacc M&G could still have A LOT still to sell, but I'm reassured by them being arguably the single worst "OPM" investor out there. |
Posted at 28/2/2024 16:19 by hpcg Specto - My assumption too, absent someone else telling us. It has occurred to me it could be an ESG mandate and not just an income fund. Whomever that's a significant hit for their investors. |
Posted at 01/12/2023 09:47 by cc2014 My sense is that because this is an energy efficiency trust rather than a solar or wind fund it is more difficult to understand and is perceived as carrying more risk.Indeed a number of the investments appear more like a regular business albeit they have many bond proxy attributes in that they have long term visibility on both revenue and debt costs All of which translates into investors demanding a bit more return for their cash than a easy to understand solar or wind farm. |
Posted at 30/11/2023 17:48 by stemis It would be helpful if they produced consolidated accounts even if as just an addedum. They own 100% of pretty much all their investments so they are hardly just a passive investor. |
Posted at 04/10/2023 06:18 by kaffee bbd23 Oct '23 - 15:51 - 177 of 178Why won’t they? ==================== Something about not deemed suitable for retail investors (too sophisticated?) so not offered. |
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