Directors are feasting buying some stock. |
Doubled holding, still have more in BBGI but spreading bets a little. |
The Company expects to be able to reduce its RCF from £364m at 31 December 2023 to c. £150m during 2024.
total debt reduction target £214M
total sales proceeds so far £125m (at prices above nett asset value).
Another sale required of abt £89m. will do the job, and very soon I should think as they are not faffing around.
should coincide therabouts with first interest rate reductions.
that "should" cause revaluation of the SP |
Market maybe assuming they're being forced out of the better stuff, to pay down the very expensive floating rate debt?
Forget why I'm not that keen on TRIG - a dividend that's not going to rise, from memory? 7% doesn't look so good then - ORIT c.8.4%, rising, and several c.11%, allegedly growing yields around (eg GSF).
Dunno. BBGI is my pick of the close competitors, but agree TRIG probably should be down on today's RNS. |
Bizarre sold two more wind farms at 4% premium to NAV to reduce the RCF debt further and the share price falls again! I am baffled |
Added today my holding today at 101.13, circa 7% yield seems a very attractive buy in for a long term hold. |
Dont complain - take advantage. Bought a few today. |
The current market is bonkers. You can sell at a 15% premium. But the share price is a massive discount to the NAV.. |
I'm hoping the price remains down here for a few more weeks until New Years ISA allowance available. |
Deposing assets 15% above the Nav, yet the share is lagging miles below its NAV |
High trading volumes ahead of Thursday xd. |
96.30 - 96.70 (GBX) at 14:40:08
on Market (LSE) |
15 February 2024
The Renewables Infrastructure Group Limited (the 'Company')
Interim Dividend
The Renewables Infrastructure Group Limited (the 'Company') is pleased to announce the fourth quarterly interim dividend in respect of the three month period to 31 December 2023 of 1.795 pence per ordinary share (the "Q4 Dividend"). The shares will go ex-dividend on 22 February 2024 and the Q4 Dividend will be paid on 28 March 2024 to shareholders on the register as at the close of business on 23 February 2024. |
Not sure I'd want anything to with batteries right now after the disaster with GRID, but I'm sure the managers know what they're doing and happy to leave things in their capable hands. |
I suspect those who buy now, we laughing in 5 years time, for sure. |
I've been adding steadily, possible surprises though are in the back of the mind though. |
Acquisition. |
This is a very tiny part of my Port, so sort of glad to see it falling as it seems to give a good opportunity to increase the holding. As someone who has shares for income in retirement, 7 1/2 % divi which looks well covered, looks ideal. There is obviously something else causing concern, interest rates are up, but they will have to come down, Government has too much debt. I cannot see the problem, but there must be an issue with the shares at this level. |
Is this getting too cheap? Solid 7.5% dividend. Trading well below NAV. I'm thinking of a buy, but worried by the closeness of results. |
Selloff tempts Rathbones into core infrastructure funds for the first time -
#TRIG #HICL #INPP #GCP |
Announcement date is a couple of weeks later than previous schedules however the payment date is the same |
104.20 - 105.00 (GBX) at 11:45:58
on Market (LSE) |
I have 15 Feb marked as div announcement. Ex-div 22 Feb.
See hxxps://www.trig-ltd.com/investors/calendar/ |
I was expecting one, unless I have missed something, and looking at the past couple of years it's announced around now. Hopefully something gets said in the next few days.
Good luck all 👍🏻 |
Is there a quarterly dividend? |
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