Sdcl Energy Efficiency I... Share Discussion Threads

[gateside] 29/9/2023 13:59

Why such a drop last 2 days?

[rik shaw] 10/9/2023 10:12

MOS share tip:

[2wild] 07/9/2023 14:48

That Coverd dividend looks really good. Took initial position this Morning at just under 74P including costs. Probably just a matter of time before discount to NAV narrows.

[williamcooper104] 06/9/2023 15:44

Funny isn't it Inflation - great for cashflows; woeful for values

[gateside] 06/9/2023 15:24

And will equate to a forward yield of 8.35%

[gateside] 06/9/2023 15:23

So if they pay 1.56p each quarter, that's a dividend increase of 4%

[hugepants] 06/9/2023 15:14

6 September 2023
SDCL Energy Efficiency Income Trust plc

Interim Dividend Declaration

SDCL Energy Efficiency Income Trust plc is pleased to announce the first quarterly interim dividend in respect of the year ending 31 March 2024 of 1.56 pence per Ordinary Share, covered by net operational cash received from investments. The shares will go ex-dividend on 14 September 2023 and the dividend will be paid on 29 September 2023 to shareholders on the register as at the close of business on 15 September 2023.

[williamcooper104] 27/8/2023 08:32

10.7 market discount rate is attractive (being 8.5 levered discount rate less 100bps management - IIRC - then dividend by 1 less the discount to NAV) And shows the 8.9 divi is well covered We have higher than normal credit risk but lower than normal power price risk Suspect we won't see any re-rating until Brookfield show up and buy a UK renewable - their own listed renewable fund is still trading at high multiples giving them cheap equity to go shopping - to date it's mostly been in the US

[jonwig] 27/8/2023 07:59

Edison note (sponsored) dated 24/08:

[gateside] 25/8/2023 14:23

Looks like the downtrend may have been broken.Should receive news of the next dividend very soon. It was announced on 24th August last year.

[hugepants] 18/8/2023 16:18

M&G increasing

[spectoacc] 19/7/2023 12:42

Seems largely forgotten about here, albeit a nice dcb today with everything else.

The recent director buys now showing a profit.

[gateside] 28/6/2023 18:00

The picture of the shaded solar panels is ridiculous.Maybe all they need to do to make energy more efficient is just prune a few trees!

[cc2014] 28/6/2023 14:04

But just think about how much extra energy they will produce when they've done some "value engineering" to enhance investment returns, i.e. pruned some trees.

[spectoacc] 28/6/2023 13:49

CEO buys.

Oh. 10k.

I'm just not sure about SEIT - I've too many higher up, and it's little things like this, the blaming of the war in Ukraine, and thinking the best photo for the massive AR was of shaded panels.

[digger18] 28/6/2023 10:15

Performing well in a difficult climate with increasing profitability and pipeline opportunities. Patience required, but a solid investment with a good yield.
Even better IF IF interest rates have peaked! Or decline next year.

[williamcooper104] 28/6/2023 09:26

8.5 levered discount rate Knock of 100bps for management And then adjust for discount to NAV Suggests a 10% long term return, and the divi well covered

[spectoacc] 28/6/2023 07:31

I'm firmly stuck in it now, but to go with the photo in the AR is:


"Tony Roper, Chair of SEEIT, said:

"This financial year has been marked by global economic instability as a consequence of the war in Ukraine, which has impacted discount rates and market valuations of all London-listed, income-oriented investment companies."


Don't blame the war in Ukraine for all your co's ills. Because if/when it ends suddenly, you'll get found out in style.

[jonwig] 28/6/2023 07:20

FY results:



Loss caused by 70bps increase in discount rate, so unsurprising.
Stripping asset movements out profit was £66.5m against £41m last time (Note 5).
Cash depleted, so no new projects for now, though RCF is enough to tick over.
Forward dividend of 6.24p gives yield of 8.3%.

For me, a hold.

[gateside] 28/6/2023 07:11

Results out.Forward yield of 8.4%

[spectoacc] 27/6/2023 17:19

Used to be against solar farms but an ecologist I met has persuaded me. However, not solar farms under trees, even if they should happen to be south-facing, and even if they sweep the leaves/twigs/debris off every day in autumn.

That you'd have that as the headline photo on your extensive AR is...a bit strange.

[rik shaw] 27/6/2023 17:13

Interpretation of green energy ..

[spectoacc] 27/6/2023 15:34

Who puts solar panels under trees? (First page):

[the deacon] 19/6/2023 12:54

Very much agreed