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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sdcl Energy Efficiency Income Trust Plc | LSE:SEIT | London | Ordinary Share | GB00BGHVZM47 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.10 | -0.18% | 54.70 | 746,410 | 16:35:14 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 54.90 | 55.10 | 55.10 | 53.70 | 53.70 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | -44.5M | -56.3M | -0.0519 | -10.58 | 594.81M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:14 | UT | 184,961 | 54.70 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/12/2024 | 09:43 | UK RNS | SDCL Energy Efficiency Income Tst Disclosure of New Directorship |
| 09/12/2024 | 14:42 | UK RNS | SDCL Energy Efficiency Income Tst Results analysis from Kepler Trust.. |
| 04/12/2024 | 11:31 | ALNC |  SDCL Energy Efficiency Income Trust swings to half-year profit |
| 04/12/2024 | 07:00 | UK RNS | SDCL Energy Efficiency Income Tst Interim Report and Accounts |
| 02/12/2024 | 17:00 | UK RNS | SDCL Energy Efficiency Income Tst Holding(s) in Company |
| 27/11/2024 | 13:33 | UK RNS | SDCL Energy Efficiency Income Tst Interim Dividend Declaration |
| 22/11/2024 | 07:01 | UK RNS | SDCL Energy Efficiency Income Tst Directorate Change |
| 07/11/2024 | 07:00 | UK RNS | SDCL Energy Efficiency Income Tst Notice of Interim Results |
| 17/10/2024 | 15:26 | UK RNS | SDCL Energy Efficiency Income Tst Holding(s) in Company |
| 30/9/2024 | 06:00 | UK RNS | SDCL Energy Efficiency Income Tst Interim Update Statement |
Sdcl Energy Efficiency I... (SEIT) Share Charts1 Year Sdcl Energy Efficiency I... Chart |
|
1 Month Sdcl Energy Efficiency I... Chart |
Intraday Sdcl Energy Efficiency I... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/12/2024 | 10:09 | SDCL Energy Efficiency Inc Trust | 568 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-23 16:35:14 | 54.70 | 184,961 | 101,173.67 | UT |
| 2024-12-23 16:29:31 | 54.90 | 783 | 429.87 | AT |
| 2024-12-23 16:29:14 | 55.00 | 3,529 | 1,940.94 | O |
| 2024-12-23 16:25:55 | 55.01 | 1,000 | 550.06 | O |
| 2024-12-23 16:19:50 | 55.02 | 99 | 54.47 | O |
| Top Posts |
|---|
Posted at 23/12/2024 08:20 by Sdcl Energy Efficiency I... Daily Update Sdcl Energy Efficiency Income Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker SEIT. The last closing price for Sdcl Energy Efficiency I... was 54.80p.Sdcl Energy Efficiency I... currently has 1,085,420,000 shares in issue. The market capitalisation of Sdcl Energy Efficiency I... is £595,895,580. Sdcl Energy Efficiency I... has a price to earnings ratio (PE ratio) of -10.58. This morning SEIT shares opened at 53.70p |
Posted at 10/12/2024 09:08 by cc2014 I am more in the place that the sector sell-off is Trump as I've seen no other explanation.What's puzzling me most is that it needed the fund manager to tell the market their income stream was largely independent of energy prices to reset the share price. It appears none of the analysts bother to read anything any longer relying on presentations to get their information. As I sit here writing now someone is out collecting stock this morning at above yesterdays' close, usually an indication they want plenty. |
Posted at 09/12/2024 16:07 by spectoacc Flamboyant rhetoric :)Not convinced much of the sector fall is Trump-related - few of mine have much going on in US, & those that do (GSF; SEIT) aren't much affected. Eg BSIF, FSFL etc. "Kepler View In the weeks before SDCL Energy Efficiency Income's (SEIT) results announcement, the Morningstar Renewable Energy Infrastructure peer group in which it sits experienced significant discount widening, seemingly a result of the US election and investor worries about the different approach the new administration is expected to take to renewable energy. Share prices of other renewable energy companies were similarly hit. While it's quite likely in our view that this is a sector-wide over-reaction, SEIT has some specific differences in its business model compared to the peer group. First, the vast majority of SEIT's revenues do not rely on any form of subsidy or incentive, and its projects are primarily rooted in their commercial attractions. Second, SEIT has very limited merchant exposure, with most of its long-term revenues contracted, and low direct exposure to power prices. SEIT is really an equity investor in platforms that provide corporate customers with efficiency solutions, so it participates not only in the contracted revenues that come from these solutions, but in the growth of the platforms themselves. Third, SEIT's project-level debt is mostly amortising and so is repaid over a period of time, with many of its assets and investments extending well beyond the life of the debt, giving the trust different options in the future to enhance earnings. The team also point out one of the first moves made by the new US administration was the formation of a new Department of Government Efficiency, so 'efficiency' appears to be a positive theme in the US, which SDCL counts as its single largest country exposure at 67%. Without getting into the flamboyant rhetoric, it is fair to say that the incoming US administration has an agenda much less focused on 'energy transition' and whatever the practical realities that unfold over the next few years, this is a negative for investor sentiment right now. We think SEIT's business model, while aligned with energy transition, is relevant to customers with concerns about energy security, either more locally due to extreme weather events, or more widely due to geopolitical instability, as well as more straightforwardly simply helping customers to reduce costs. Thus, in our view, SEIT's business model doesn't really align with the main negatives of investor sentiment, and as the board's plan to address the discount unfolds, the current discount could prove to be a significant opportunity." |
Posted at 05/12/2024 09:37 by cc2014 hpcg. I'm sure you have been at this game long enough to know there is no clear answer to your musings on whether to hold or trade. It's a question I ask myself over and over but if we knew the answer to it out pots would be 10 times the size they are now.Clearly for the last couple of years the renewables have been in a downtrend and therefore buying when oversold and selling into the bounce has been the way to go. Whether that trend will continue is unknown. I do not think the trend will continue and so I'm going to hold and try not to sell out too early on the rise. I am not going to try and be clever by selling out and then buying back on the dips. Not until the share price reaches 65-70p anyway. This is also because with dividend yields at around 12%, that's 1% a month so the cost of being in cash is now significant. One might argue of course that the cost of cash is irrelevant and perhaps a better matric might be the opportunity cost of whatever other safe share it is you like. With regard to SEIT in particular, I think it worth waiting a while to see if a) GASC come in for more stock as they were possibly in a closed period, noting when they bought a large quantity earlier in the year they were a bit tardy in putting out the RNS's b) SEIT's biggest issue is that they need an investment partner as they have more opportunities than available cash/debt. GASC should be able to facilitate something around this if it is indeed not themselves. All imho of course. |
Posted at 04/12/2024 13:26 by cc2014 The way I see it is that it sometimes helps to stand back and look at the investmentsTake Onyx. The actual issue here is that it's too successful and SEIT cannot provide the capital to meet all the work available. What a problem to have. SEIT made it clear in the presentation they have no obligations to provide additional capital. A co-investor would be the best route. Next the steel plant to which SEIT provides energy recovery. This industry like a number of the other dirty industries on the old Eastman Kodak business park (and newer energy intensive customers) is going to be a big beneficiary of Trump tariffs. If the US imports less steel by definition that's good for SEIT's tenants and thus SEIT. I could go on. It is my opinion that this trust is misunderstood by those who cannot be bothered to find out what it actually does and have some information from a data provider in front of them and that's all. I for one am happy to take the opposite side of the trade from them. Of course as Chucko says it's about timing. If you stupid enough to by buying above 100p, then you are probably stupid enough to sell at 50p, which is what it seems Rathbones are doing |
Posted at 04/12/2024 08:15 by 2wild So NAV marginally increased to 90.6p in 3M, unchanged in 1 year. Yet share prices down 26% from 12 month high😀. At 52p annual dividend yield is 12.15%. As shares go Ex Dividend next week, that's 15.19% cash return in 53 weeks. |
Posted at 04/12/2024 07:52 by parob "We are strongly of the view that SEEIT's share price does not reflect the value of its investments nor the cashflows derived from them. To this end, the Board and Manager remain focused on addressing the share price discount by supporting the marketability and liquidity of the Company's shares." |
Posted at 04/12/2024 07:52 by parob NAV per share of 90.6p as at 30 September 2024 (31 March 2024: 90.5p; 30 September 2023: 90.6p)On 30th Sept last year share price was about 67p so some catching up to do just to get there.Looks like bottom went in a few days ago. |
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 16/10/2024 10:00 by cc2014 SEIT has pretty gapped up this morning. No chance at the low closing price of 60.6pAlthough 62p still seems pretty decent to me albeit I'm not buying any more. I am at my limit and have very little spare cash as there seem so many opportunities around. I too am having to sell one holding to buy another or wait for dividends. I would have thought this looked much better value today than the share price suggests. Gilt yields down good for share price. FX down good for share price. Yet as I write no-one is that interested, or maybe they are waiting for the afternoon sell-off which comes quite regularly. Share price suggests GASC are not hoovering stock up at the moment, at least not in any significant volume. Maybe the change in exchange rate will tempt them in. |
Posted at 29/9/2024 11:29 by cc2014 I am really struggling all round on this on WShak.Whist I accept the price of oil is down at a level which is not ideal, the price of US natural gas is up about 45% in the last month. Of course some of this is the hurricane and will almost certainly be short lived, but the trend is clear. European gas is up about 17% in the last 2 weeks, UK gas is up about 23% in the last 2 weeks. The pattern is pretty clear worldwide and yet the share price of SEIT hasn't moved at all. Not a jot. I'm happy to wait and collect my 10% as well. What's worrying me most is that there is a bid at say 10% discount to NAV now. I'd rather the NAV start drifting up as interest rates are cut such that the NAV is 110p before a bid is made. |
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