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
  0.00 0.0% 107.00 267,064 08:00:21
Bid Price Offer Price High Price Low Price Open Price
107.00 108.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 14.50 11.61 5.20 20.6 563
Last Trade Time Trade Type Trade Size Trade Price Currency
14:30:53 O 13,928 107.695 GBX

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Date Time Title Posts
06/1/202108:12SDCL Energy Efficiency Inc Trust31

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Sdcl Energy Efficiency I... Daily Update: Sdcl Energy Efficiency Income Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SEIT. The last closing price for Sdcl Energy Efficiency I... was 107p.
Sdcl Energy Efficiency Income Trust Plc has a 4 week average price of 106p and a 12 week average price of 104.50p.
The 1 year high share price is 112.50p while the 1 year low share price is currently 73p.
There are currently 526,143,739 shares in issue and the average daily traded volume is 505,475 shares. The market capitalisation of Sdcl Energy Efficiency Income Trust Plc is £562,973,800.73.
the deacon: The picking up of US assets could prove very fruitful under a democratic controlled house and senate. SEIT well placed
jonwig: 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: (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.
apollocreed1: There was a share placing that was oversubscribed today. Was this open to retail investors or only institutions?
jonwig: Investment update: More global approach, with FX hedging explained.
jonwig: On 17 December 2019, SEEIT announced it was seeking to raise GBP40 million through a non pre-emptive placing of new Ordinary Shares in the capital of the Company (the "Placing Shares"). The Board of Directors (the "Board") is pleased to announce that the Placing has been significantly oversubscribed. Taking into account the strength of the Company's acquisition pipeline, the Board has decided to increase the size of the Placing to raise a total of approximately GBP54.1 million of gross proceeds. Accordingly, a total of 52,000,000 Placing Shares will be issued at a price of 104.0 pence per share. That's just shy of 20%, so my guess in #13 was wrong. It's always good if you hold a share like this to see others willing to pay a premium to NAV, but it does suggest they could have asked for a bit more.
jonwig: That's around 14.5% of the existing shares. I think they can issue up to 15% each year without making it open to all (need to check). Too generous to institutions? These will have been sounded out, I guess, and won't have filled the offer at a much higher price.
apollocreed1: Share placing announced today at big discount to market price although still at a premium to NAV. I think 104p is too generous to the institutions who will be the main participants in this.
jonwig: H1 results, fully in line with expectations, no operational issues: Target div 5.0p current year, 5.5p next. NAV is 99p, share price 108p.
jonwig: Investment in US loan portfolio: More about Sparkfund:
Sdcl Energy Efficiency I... share price data is direct from the London Stock Exchange
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