Sdcl Energy Efficiency Income Trust Plc

0.40 (0.44%)
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
  0.40 0.44% 90.90 755,637 15:08:28
Bid Price Offer Price High Price Low Price Open Price
90.90 91.00 91.20 90.80 90.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Trust,ex Ed,religious,charty 88.76 79.76 8.10 12.96 1,003.65
Last Trade Time Trade Type Trade Size Trade Price Currency
15:05:34 O 23,400 90.96 GBX

Sdcl Energy Efficiency I... (SEIT) Latest News (1)

Sdcl Energy Efficiency I... (SEIT) Discussions and Chat

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Date Time Title Posts
25/5/202308:23SDCL Energy Efficiency Inc Trust134

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Posted at 27/4/2023 09:39 by jonwig
CC2014 - these funds don't want to trade at a discount, as they want to issue new shares for expansion.

By increasing the DCF rate they can artificially lower the value of their assets and (a) help them trade at a nav premium and/or (b) ensure they can sell assets at a premium if they come do doing that. Call it a price cartel, maybe?

Also, when a company decides on a buyback, they operate it at arm's length by delegating the process to their broker. I don't think the board or manager gets involved on a day-to day basis

Posted at 27/4/2023 09:09 by cc2014
The buyback program is being done in an intelligent way here. The algo they've got running it isn't trying to press the price up but gather stock at a decent price.

Obviously it is soaking up stock and bit by bit the price is nudging up and that's the way it should be.

I think it's the right thing to be doing to be running these buybacks now with high discount levels but I do worry that the buy backs are being done with debt rather than out of profits. Leads to higher gearing and higher cost of debt on renewal.

I also worry that the underlying issue is the discount occurs due to the way the DCF models are put together and that the funds recognise this and feel they should be trading at a discount. The uplift to JLEN's NAV by about 10% when they moved to DCF models is evidence of this. There are many other examples.

We will see. I find it all a bit puzzling. DORE have bought a bunch of solar assets today with high FIT levels which means they were constructed a good few years ago. It takes a buyer and a seller but I have to wonder who is selling a seemingly valuable asset and whether it's all to do with the use of gearing, which is good or bad depending on your point of view at any particular time.

Posted at 03/4/2023 07:44 by rik shaw
Buy back programme announced:

Posted at 27/2/2023 13:10 by rik shaw
Interim Dividend
SDCL Energy Efficiency Income Trust plc is pleased to announce the third quarterly interim dividend in respect of the year ending 31 March 2023 of 1.50 pence per Ordinary Share. The shares will go ex-dividend on 9 March 2023 and the dividend will be paid on 31 March 2023 to shareholders on the register as at the close of business on 10 March 2023.

Posted at 08/2/2023 09:52 by pottsypotts
Looking to top slice another share and invest here Already own another energy investment trust ( HEIT)Reading up on SDCL they look interesting what is the downside risks according to you existing investors TIA
Posted at 03/2/2023 08:53 by the deacon
Commenting on the transaction, Jonathan Maxwell said: "Amidst a global market backdrop of high energy prices, energy security concerns and a cost of living crisis, policymakers and corporates recognise that energy efficiency has never been more valuable. I have purchased shares in SEEIT because I strongly believe that the market price today does not reflect the value of the portfolio or its total return prospects".
Posted at 08/12/2022 07:30 by jonwig
H1 results;

Rising discount rates have inevitably brought about a lower NAV and overall loss.

Some projects (Oliva, Onyx) have had problems which we're assured are temporary.

Dividend guidance affirmed: 6p cash-covered for the year to next March.

Posted at 17/10/2022 12:35 by yump
Jeremy Hunt mentioned energy efficiency and SEIT has the word efficiency in its name.

Surely the price should now be 10x what it is ;-)

Posted at 27/9/2022 17:03 by jonwig
The accounts for SEIT are the consolidated accounts of the holding company. They show zero debt, in fact net cash.

SEIT has a 100%-owned subsidiary, SEEIT Holdco (accounts at Companies House) which also has net cash. All the debt is held within the subsidiary (to Holdco) accounts of the operating companies. They don't say if these debts are non-recourse.

The 34% debt will be on a see-through basis, but we aren't given any numbers for this, and we can't access their accounts without names. In fact, I don't think you can access unquoted US company accounts unless you pay a large fee. UK ones are at Companies House.

So not at all transparent!

Posted at 01/9/2022 07:38 by jonwig
Placing and retail offer:

Price depends on demand. Closes on 6th or earlier. Second RNS has a trading update.

Sdcl Energy Efficiency I... share price data is direct from the London Stock Exchange
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