Yeah let's hope we can get back to the September high before too long. Stuck at the low 130's for a while now but I have been happy picking them up at 130 or under. |
Should get RNS on NAV update and 2023 dividend target in the next couple of weeks. Expecting progressive uplift on both, which should in turn see share price range rise a bit. 145-150p target range soon after next update IMO. |
XD today. 1.71p per share payable on Fri 31 March |
Agreed, TRIG and UKW charts are virtually identical, except that TRIG share price hasn't taken off - yet. |
This share is very much in the background compared to UKW. They were similar prices acouple of years ago, these are still a similar price, whilst UKW is around £1.60. UKW have just increased the dividend by 13%.
I hold both... |
This really has done badly in the present Bull Market. Compared to UKW ( which was already enjoying a racy valuation) this has fallen 2% over the last month, UKW up 4%. A price rise for these is long overdue. But if it can't do it during a Bull run, you do wonder. |
Base load curves moved a lot of gas price collapse |
Octopus renewable fund gave increased their dividend by 10.5% good news for the sector.. |
Igoe 104..yep stuck in the doldrums. Acquisitions tend to bring on public offerings at a discount. Though you wouldn't have thought they would go to the Market whilst the stock is trading below NAV. |
This is one of those holdings where I just pick up a few here and there on the dips and leave alone for the divi. Long term it's the right place to be I think as the world needs what TRIG produces 👍🏻 |
Unbelievably quiet after a RNS.
Have the funds selling up, scared some of the PI into selling up.. |
Also underperforming compared to UKW.
I hold both trig and Ukw, I can only think ? That Trig has been hit more by fund selling, than others. i suppose eventually things will even themselves out.. |
If TRIG had done as well as JLEN this year, then TRIG would be most likely get promoted to the FTSE100
TRIG is currently the 115th biggest in company in the FTSE350 and UKW is 105th biggest |
Gateside, had similar thought and switched some JLEN ex divi to TRIG today |
It's only traded down at 128p or below in 2022 during the general mid October slump for a fortnight. On the plus side I had traded out and only got the chance to get back in at the death today. Not one to have out of your portfolio really, one of the most highly regarded stocks in the FTSE 350. Stockopedia rating...95. |
Yeah it has me scratching my head too Gateside.
140 not 130 is where I thought we would be by now or maybe even closer to 150. |
Can't quite work out why this has underperformed other renewables this year?For example TRIG is -3% YTDWhile JLEN is +20% |
You would of thought it was great news, with the supreme Court overruling today. For Trig.... |
 From citywire today....
Funds such as Greencoat UK Wind (UKW) and Bluefield Solar Income (BSIF) with the highest exposure to subsidised CfD and ROC revenues should see a smaller reduction in NAVs, said Winterflood’s Ratnasingam.
UK Wind rose 3% yesterday, one of the biggest risers in the sector, and rallied another 3.7% today. Foresight Solar (FSFL) and NextEnergy Solar (NESF) gained over 2% yesterday.
The latter’s rise may have surprised Ratnasingam as he believed FSFL could be the most vulnerable to a knock to NAV as it had recently set its power price assumption at the higher end of the sector range of £80-£175/MWh for 2023 and £65-£150/MWh in 2024.
By contrast, he said NESF was ‘relatively attractive’ because of its investments in battery storage through a 500MW joint venture with Eelpower. Investor’s Newell estimated it was in line for a reduction in NAV of just 0.3%.
However, further clarification is needed as Chande included NESF, BSIF and UKW in a list of five that also included Renewables Infrastructure Group (TRIG) and JLEN he believed could see reductions of around 2.5% in NAV.
‘Arguably this is already reflected in discounts,’ he said. Until the smoke clears, however, those gaps between share prices and NAVs look set to remain. |
Yes that would be good. Unfortunately I had already bought a few others over the last year but luckily only a few near the peak prices !
Still good yields on gilts but not daft levels. |
Good to see the recent dip has helped you out yump.
I picked a few up too and find myself back in profit this morning which you can never complain about.
Let's hope it was all a big overreaction and we can push back into the 140's and then eventually beyond 👍🏻 |
Been interesting seeing the sudden movements of these trusts. I needed to move some chunks of money into income stocks and funds, so its been a bit of a gift.
Assuming that the spiky bottoms were a temporary overreaction, unlike the gradual deterioration of many shares, based on a deteriorating economy. |
I imagine there's quite a bit of forced selling involved in the renewables trusts. Not a bad time to be holding cash as a pi, assuming various governments don't contribute any more to trashing the planet. |
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