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KKVL SLF Realisation Fund Limited

12.30
0.00 (0.00%)
24 Jan 2025 - Closed
Delayed by 15 minutes
SLF Realisation Investors - KKVL

SLF Realisation Investors - KKVL

Share Name Share Symbol Market Stock Type
SLF Realisation Fund Limited KKVL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 12.30 00:00:00
Open Price Low Price High Price Close Price Previous Close
12.30 12.30
more quote information »

Top Investor Posts

Top Posts
Posted at 16/2/2023 15:51 by catabrit
I understand you now. Sorry I thought you were referring to an investor / fund (HL) that had ‘holdings̵7; like this and my immediate reaction was; wtf fund is this?!? I need to follow it for ideas!

Anyway, pretty sure I have been 100% of daily volume today. Would love to get hold of some more. Let’s see how this trades over the coming weeks.
Posted at 17/1/2023 10:29 by wilwak
A new large institutional investor just announced with over 5% holding.
Posted at 12/12/2022 12:18 by 2wild
Both ords and Cs are available at interactive Investor and unlike HL don't take a percentage cut of the portfolio values every year.
Posted at 14/11/2022 12:18 by 2wild
With Interactive Investor I can currently buy Cs at 8.946p and sell at 8.52p.
Posted at 29/9/2022 15:09 by ctrader3
Outlook
The Board expects the wind-down plan will likely take approximately 18 to 24 months to exit the majority of the remainder of the portfolio. Our goal is to achieve a balance between maximising value received for assets and making timely returns of capital. Whilst the realisation program has proceeded extremely well so far and certainly ahead of expectations, we are cognisant of the greater risk that remains in the balance of the portfolio, as whatever remains in the portfolio has not yet achieved a satisfactory exit. The Board continues to work on achieving positive outcomes. The task ahead remains great and as always, we shall keep investors informed of any developments as they occur. We thank investors for their continued support and we hope to be in a position to report more progress in the coming months.
Posted at 13/8/2022 07:56 by ctrader3
With the energy situation, particularly in Europe, in a precarious place at the moment, the case for energy efficiency has become "a lot stronger", believes SDCL Energy Efficiency Income Trust PLC's Purvi Sapre.

Sapre is the managing director and fund manager for FTSE 250-listed SDCL Energy Efficiency Income Trust, or SEEIT, having been at manager SDCL for six-and-a-half years. Sustainable Development Capital LLP, or SDCL, was established in 2007 as a specialist investor in energy efficiency infrastructure.

Shares in SEEIT closed down 0.5% at 121.00 pence in London on Friday, but the stock has risen 3.4% over the past year. It has outperformed the wider FTSE 250 index, which has fallen 14% over the same period.

Most recently, SEEIT struck a deal to buy a series of renewable assets from United Utilities Group PLC. FTSE 100-listed United Utilities in July agreed to sell its non-appointed renewable energy business, United Utilities Renewable Energy, to SEEIT for an enterprise value of GBP100 million.

Following the sale, these assets will continue to provide long-term green energy to its regulated water & wastewater business, United Utilities Water.

In an interview with Alliance News, Sapre described the United Utilities transaction as a "really fantastic" deal.

"This is core for what we at SDCL and what SEEIT is looking to invest in, which is long-term, contracted revenues, with high quality counterparties," she said, adding SEEIT is keen to do deals "more like it".

The United Utilities transaction was in the pipeline over the last few months, and since then the energy backdrop has shifted dramatically.

On Friday, German Economy Minister Robert Habeck said the country will limit heating in public buildings over the winter to save on gas as Russia throttles supplies to Europe. Public buildings and monuments will also not be lit at night, a measure already taken individually by some cities, as Germany searches for ways to save energy.

The recent reduction of gas supplies from Russia, amid tensions over the invasion of Ukraine, has forced the government to act.

Europe's largest economy, which relies heavily on gas to heat homes and power industry, is trying to wean itself off Russian imports, while avoiding shortages over the winter.

In the UK, Bloomberg this week reported the government is bracing for the possibility of organised blackouts this winter under worst-case plans.

Under a "reasonable worst-case scenario", Britain could face an electricity capacity shortfall amounting to around a sixth of peak demand, Bloomberg said citing people familiar with the government's planning.

The report came the same day that Cornwall Insight said the average annual UK energy bill could surpass GBP4,000 in the new year.

Ofgem last week confirmed that the UK energy price cap will be updated quarterly, rather than every six months, as it warned that customers face a "very challenging winter ahead".

Sapre said: "Whereas before, maybe the the timeline towards people really understanding what energy efficiency was, and the benefits that it'll give them, might not have been as obvious or as readily discussed as it is now."

The case has become "a lot stronger", and hopefully means more drive in these types of investments.

As well as all the other benefits of energy efficiency - such as the cost and reducing wastage - energy security has been thrust into the spotlight following Russia's invasion of Ukraine.

"We need to change how we source and deliver power. We can't be reliant on countries like Russia for our energy...all of these things around energy efficiency are long term and completely aligned with what every country is trying to achieve, which is affordable energy, and secure energy, and clean," she said.

SEEIT is seeing "a lot more activity" and interest in the space, she said, but the market is "big enough" for everyone.

"I would say from an investment perspective, there entities who are looking to invest more, and you're seeing a lot of funds being raised where they've specifically also pointed out they want to make more investments in energy efficiency. So I would expect that trend to continue, and that's great for us and it's great for the wider energy efficiency market - the more people talk about it, the more investment opportunities that are created," she said.

On SEEIT's pipeline, she explained that investments are split into two categories: organic and inorganic. Organic investments are into its existing portfolio, with Sapre citing Onyx, which helps reduce greenhouse gas emission from the supply and consumption of energy, and electric vehicle charging firm Electric Vehicle Network.

The inorganic pipeline includes deals such as the recent United Utilities one.

In SEEIT's last financial year, it made 12 investments. Sapre said the firm doesn't target a particular number of investments and is "quite selective" in what it picks. SEEIT rejects most deals it sees, she said.

"If it makes sense, and they're fantastic opportunities, like United Utilities, I'd love to do more of those. But we don't have to, if we don't find the right one...if we don't make any new investments, we're still pretty busy with our existing investments in supporting them," said Sapre.

SEEIT is well placed to benefit from an uptick in interest in the energy efficiency sector given its years of focus on the industry, particularly as it has spent time developing its own projects and working with its investees.

"It's given us what we'd call an edge - it separates us [as] we're not just an investor. We're also developing solutions as well. And it's why we've been able to capture what we have done in terms of investment opportunities and new projects as well," she said.

But she reiterated that the market opportunity is large. "It's just the beginning" for energy efficiency, she said.

One area of the market Sapre is particularly excited by is electric vehicle charging.

"The push for [EV charging] and seeing that scale up even more is what I'm excited about," she said.

She also highlighted geothermal and green gas. SEEIT in 2020 invested in Vartan Gas Stockholm AB, the owner of the regulated gas distribution network for Stockholm, Sweden. Vartan operates Stockholm's regulated gas grid, which mostly runs on locally produced biogas.

"Sweden's been a big champion in promoting biogas within Europe. From a state and national level, there is a huge amount of support for it, which has made all the difference," Sapre said.

More broadly, "if you look at some things like the public sector, that is a huge opportunity for energy efficiency," she added. "For example, whether it's in green gas, I'd love to see that same momentum as EV charging."

Ultimately, she said: "Just the continuation, seeing companies that didn't previously adopt energy efficiency or are now seeing the virtues of it, is what I am most excited about."

--------------------

holiday season, so I don't expect any news this month.
Posted at 03/8/2022 13:20 by 2wild
Also got my 1p and 5ps in both my ISA and trading accounts with interactive Investor.
Posted at 12/7/2022 07:14 by chucko1
In addition, given the immense write-down on many of the assets, [and I have been critical of the process], many of the realisations are close to book. I do not believe that this means the auditors and consultants were wiser than wise, but rather, that investors have realised that they can get these assets at the low prices as KKV is basically a forced seller.

In a different world, these AD assets would have fetched twice as much, even in a wind down. But when 70% of your remaining asset base is made of of such things, you are in a tight corner as a seller.
Posted at 11/7/2022 11:08 by andy246
Agreed, would be nice to see the SLFX share price actually react to the news. The market cap is currently too low for many investors to spend time reading up on the company.

Many of the remaining SLFX borrowers are actually performing, so recoveries on the remaining portfolio will be substantial, but with uncertain timing.

hxxp://pandora-capital.com/reports/SLFX.pdf
Posted at 20/5/2022 09:56 by 2wild
Best thing I ever did was move to interactive investor. Pay £20 a month and you get 2 free trades a month, to use in your ISA and/or trading account. Subsequent trades are just 399p, dividend reinvestment 99p and free regular monthly investments. Can also add a SIPP, £10 a month extra, first six months free. The tax man will top up by 25%. Even non taxpayers can put in £2,880 and interactive will take about 7 weeks to claim £720 from the government.

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