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SEIT Sdcl Energy Efficiency Income Trust Plc

59.90
1.50 (2.57%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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
  1.50 2.57% 59.90 950,384 16:35:11
Bid Price Offer Price High Price Low Price Open Price
59.30 59.90 60.70 58.30 58.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -6.6M -18.6M -0.0171 -35.09 651.25M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:37:42 O 76,207 60.058 GBX

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Date Time Title Posts
17/4/202415:59SDCL Energy Efficiency Inc Trust339

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Sdcl Energy Efficiency I... (SEIT) Most Recent Trades

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Sdcl Energy Efficiency I... (SEIT) Top Chat Posts

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Posted at 27/4/2024 09:20 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 58.40p.
Sdcl Energy Efficiency I... currently has 1,085,420,000 shares in issue. The market capitalisation of Sdcl Energy Efficiency I... is £651,252,000.
Sdcl Energy Efficiency I... has a price to earnings ratio (PE ratio) of -35.09.
This morning SEIT shares opened at 58.80p
Posted at 19/3/2024 07:35 by cc2014
Much to my surprise it seems they do have bidders for their assets. They do not tell us at what price but I assume that to be broadly in line with NAV.

We will see what happens to the share price. The market was supposedly worried about SEIT's level of gearing so today we will find out whether that was true or just smoke and mirrors.
Posted at 19/3/2024 07:11 by spectoacc
""Both the Board and the Investment Manager are pleased to see an improvement in SEEIT's share price over the last month which has been helped by our ongoing efforts to improve the liquidity and marketability of SEEIT's shares."


Um... GASC bought 12.2%, that's the sole reason.
Posted at 08/3/2024 10:33 by cc2014
That's fair enough hpcg. If you bought anywhere near the bottom at 52p you've had a 28% rise in the share price including the dividend in around a month. One might think it not unreasonable to expect a retrace back to 60p and as you imply even if that doesn't happen it's not like there aren't plenty of other places to put the cash to work.

I am minded to slice a few as well but I do honestly like the portfolio at this price and I think it will perform well regardless of interest rates. I'm not sure why the share price ever went to 52p in the first place but I was very grateful to get some down there.

The bigger question for me is not so much whether I think the share price but whether I can get more bang for my buck elsewhere.
Posted at 08/3/2024 09:14 by cc2014
I am staying in. My gut says that GA are still buying and providing a support level to the share price. I do not know if they have a plan but I'll wait for a while and see what plays out.
Posted at 29/2/2024 06:55 by cc2014
What we do know is that General Atlantic paid 65p for the 12m shares they bought recently so I assume they will be happy to keep paying that if they want more.

Trades from the last couple of days show volume dropping off so if General Atlantic do want more they are going to have to move the share price up soon.
Posted at 27/2/2024 16:09 by cc2014
An 11m gone through at 65p this afternoon.

As for what to do now I am not inclined to sell. I really don't think the share price should have ever fallen below 60p and someone was just giving them away as they were on GSEO
Posted at 04/12/2023 09:50 by cc2014
I have no great insight here. Nearly everything in there was pretty much flagged up already or could have been worked out through common sense.

I had hoped for better and I guess I found the results underwhelming but it seems that given the share price has not moved the market pretty much expected what it got.

It's my guess that we are at the top of this part of the interest rate cycle and we will see no further detriment to the NAV. It will be interesting to see that whilst at the moment the market is screaming at these Trusts to de-lever whether once interest rates start falling that will prove to be the right decision. I am very doubtful it can be done through disposals anyway, but that matters not to me as it will naturally happen over time as the income is more than the dividend payments.

In summary happy to hold, happy to collect the covered dividend and some capital appreciation in due course but all a but uninspiring and would have preferred the share price to zip up to 70p this morning.
Posted at 01/12/2023 09:18 by stemis
Nothing I can find.

There's an awful lot of information in the accounts and on the web site but a glaring hole in that there's barely anything (that I can find anyway) about the trading performance of their individual subsidiaries. They say that cashflow (of £85m) covers dividend 1.2x. Great, but nothing about which subsidiaries it comes from. I've a reasonable idea which subsidiaries hold the underlying debt (don't see why they can't specifically anyalyse it rather than making you do it yourself) but nothing about their balance sheets or profitability. If a lot of the £85m came from Primary (debt = $180m) and it had a weak balance sheet, I'd be rather more worried than if it was Red (debt = $75m) and it had a strong balance sheet.

I'd be a buyer here (and maybe still will be) but the collapse in the share price makes me worried that someone with more access to the above data knows more than I do about the vulnerability of SEIT's cashflow...
Posted at 12/10/2023 11:11 by cc2014
The share price is at this level because I don't have a spare £10m to scoop up all these cheap shares.

Seriously, if you are asking if SEIT has another £20m spare and if it has investment opportunities at 10%+, I suggest you spend some time reading up on the very good resources on their website.

As to why the share price is down here, EBOX gave us a clue this morning with the RNS that Aviva are one of the sellers in the market at the moment. Presumably they are selling down stuff they have bought at much higher prices for LDL pension funds to buy gilts or investment grade corporate bonds yielding 5-7% with decent long maturity periods. They will carry on doing so as long as gilts remain elevated and the government and BOE keep supplying gilts in outrageously large quantities.
It's more complex than that of course but I'm sure you get the drift.
Posted at 12/10/2023 09:41 by pavey ark
Just been running the old calculator over the share buy-back.

The buy-back ended in early September and as usually happens the share price fell.... in this case form low to oh FFS !!

The buy-back was £20m and 23m shares were bought at an average of c.87p

They bought £23m of assets for £20m and reduced the dividend bill by £1.43m

Share buy-backs don't always (ever?)produce the expected results but setting the share price aside there could have been worse ways to spend £20m

If buy-back looked a good idea in April at 85p I wonder what they think of 62p?

Do they have another £20m to spare?

40% discount and 10% yield .....hmmm....I think I'd be looking down the back of the sofa !!
Sdcl Energy Efficiency I... share price data is direct from the London Stock Exchange

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