Sdcl Energy Efficiency I... Share Discussion Threads

[jonwig] 24/6/2021 07:14

Results, year to 31/03: https://www.londonstockexchange.com/news-article/SEIT/annual-results-for-the-year-ended-31-march-2021/15030523 A very sound company, but whopping premium to 102.5p NAV - that could be vulnerable. Dividends of 5.62p targeted for year to 03/22.

[gateside] 24/6/2021 07:14

Excellent set of results

[gateside] 10/6/2021 11:42

Holding up well. As it went ex dividend today.

[rik shaw] 28/5/2021 07:19

Dividend declaration 'SDCL Energy Efficiency Income Trust plc is pleased to announce the fourth quarterly interim dividend in respect of the three month period ended 31 March 2021 of 1.375 pence per Ordinary Share (which brings the aggregate interim dividends equivalent to 5.5 pence per Ordinary Share for the year ended 31 March 2021). The shares will go ex-dividend on 10 June 2021 and the dividend will be paid on 30 June 2021'

[jonwig] 29/3/2021 07:13

Investment in EV charging networks (EVN): https://www.investegate.co.uk/sdcl-energy-effcncy.--seit-/rns/ev-update---agreement-with-bp-pulse/202103290700097217T/ Logical move for hem. Incidentally, I read that home charging was likely to be several times cheaper than forecourt or car-park charging. Great if you can fit and use one.

[gateside] 04/3/2021 08:09

So dividend increase of 2.2% for next year

[rik shaw] 04/3/2021 08:08

Interim Dividend SDCL Energy Efficiency Income Trust plc is pleased to announce the third quarterly interim dividend in respect of the three month period ended 31 December 2020 of 1.375 pence per Ordinary Share. The shares will go ex-dividend on 11 March 2021 and the dividend will be paid on 31 March 2021 to shareholders on the register as at the close of business on 12 March 2021. Target Dividend Forward Guidance Having reviewed with the Investment Manager the future cash flow projections from the Company's current portfolio in the near and medium term, the Board is pleased to report that the Company will target an annual dividend of 5.62 pence per Ordinary Share for the 12 month period commencing 1 April 2021 and a progressive dividend thereafter*. The annual dividend target will continue to be paid in equal quarterly instalments.

[igoe104] 24/2/2021 10:16

Tipped in the times today...

[jonwig] 12/2/2021 07:12

Result of placing: The Board is pleased to announce that the placing of New Ordinary Shares pursuant to the Company's existing Share Issuance Programme announced on 4 February 2021 has received a strong level of support from investors. Taking into account the strength of the Company's near-term acquisition pipeline, the Board has determined to increase the size of the Placing to GBP160 million. Accordingly, the Placing will result in the issue of 150.9 million New Ordinary Shares at the Placing Price of 106 pence per share. Notwithstanding the increased size of the Placing, applications for the New Ordinary Shares exceeded the total number of shares to be issued and accordingly a scaling back exercise has taken place. So we PIs weren't invited to top-up but we can still stay on for the ride! (106p wasn't such steal, anyway.)

[gateside] 04/2/2021 08:52

jonwig - that's what I thought. At least it's not much of a discount, so not missing out that much. It would be nice if Private Investors had the same opportunity though, but I suppose that would increase costs.

[jonwig] 04/2/2021 08:30

Gateside - no, alas! When you see 'bookrunner' (Jefferies here) that's the broker who's soliciting bids from institutions. You could ring them up and maybe take part, but I guess you'd need £50k at least to put in the pot.

[gateside] 04/2/2021 08:16

Can private Investors participate in the Placing?

[rik shaw] 04/2/2021 07:47

Placing at 106p hTTps://uk.advfn.com/stock-market/london/sdcl-energy-efficiency-i-SEIT/share-news/SDCL-Energy-Efficiency-Income-Tst-Proposed-Placing/84244802

[the deacon] 06/1/2021 08:12

The picking up of US assets could prove very fruitful under a democratic controlled house and senate. SEIT well placed

[rambutan2] 09/12/2020 21:46

A fuller presentation and questions from 24/11: hTtps://quoteddata.com/research/quoteddatas-esg-conference-week-1-environmental-day-playback/

[rambutan2] 09/12/2020 21:43

Shortish presentation: htTps://www.youtube.com/watch?v=c0uFQjmlk8g And interims presentation pdf: hTtps://www.seeitplc.com/wp-content/uploads/2020/12/SEEIT-30-September-Interim-Results-Presentation_vFinal-1.pdf

[jonwig] 09/12/2020 07:06

bathcoup - the accounting is a bit complex, but basically when SEIT invests in an operating company it takes a share stake (could be 100%) and also lends money. Hence it gets dividends and interest. This is quite common with VCTs: the share stake gets a share of potential upside, whilst the loan could be used to protect the downside (claim on assets). It could well be that dividend income is steady because investee companies agreed to pay a fixed dividend (if possible) for a set time. And it is the cash income you were hoping for. SEIT itself doesn't own the operating projects, it holds 100% of "Holdco" which in turn holds the projects. I don't know why it uses such a structure, but I don't think it's uncommon. I hope that makes you a bit more comfortable. As I said, I'm guilty of not paying much attention to the results!

[bathcoup] 08/12/2020 21:34

(all in £'000) Investment income 19,359 Dividend income 3,500 Bank interest received 27 Gain on investment at fair value through profit or loss 14,940 Loan interest income 892 The main part of Investment income is valuation gain. Fair enough (Share holders, by definition, must trust the Investment Manager). I'm puzzled by "Loan interest income" and "Dividend income". Loan interest income 892 is paid to the company by the Holdco, the Company's single wholly owned subsidiary. This is silly (Hope I'm wrong). Dividend income 3,500. What is this. I was hoping to see some kind of cash income from invested projects. Note it's a round figure. It was also a round figure for the Period ended 30 September 2019. I don't assume they're plucked out of thin are. I don't have difficulty with "Bank interest received" but until I feel comfortable with other items I won't invest in SEIT.

[jonwig] 08/12/2020 08:29

HY results (see link in header). I haven't kept up with the detail, but they seem to be rather good (though some pandemic-related concerns).

[gateside] 02/12/2020 23:32

Goes ex-dividend in the morning

[gateside] 23/11/2020 19:11

Investec increased their holding

[igoe104] 18/11/2020 16:38

purchased a load, just over 20k worth before the bell- this looks like a solid investment, with a good yield

[gateside] 17/10/2020 15:40

After reading that the placing was over subscribed I decided to buy a few yesterday. Plan to building up a bigger holding. Good sector to invest in. Looks like a company with a good vision and well managed too.

[jonwig] 27/9/2020 11:20

A similar company is floating next month, Triple Point Energy Efficiency Infrastructure Company plc: https://www.investegate.co.uk/triple-point-energy/rns/publication-of-prospectus/202008251500031255X/ https://www.tpenergyefficiency.com/ Need to apply direct to TP.