Added some more today. I have a full size position now. Happy to hold for a long time and collect the 7%+ dividend. Possibly a good time now with interest rate cuts coing and the gas price on the rise ahead of the winter storage fill up. |
Russia has specialist submarines for cutting deep sea power cables. The U.K. will rely on foreign imports for electricity more this winter than any other, with the remaining coal power stations being switched off. Russian hackers have been targeting the nhs this week.
Would TRIG be a winner or loser in this cable cutting scenario? I suppose it would depend on which power cables were cut, an unlikely scenario of what might happen. But tensions are almost certainly rising |
Ofgem have fined owners of Beatrice Wind farm 33m GBP for "charging excessive prices to reduce its generation output when this was required to keep the electricity grid balanced, thereby pushing up costs for consumers."
TRIG owns 17.5% of Beatrice.
I wonder if any more wind farms are being investigated... |
Looking at these myself. A labour victory should help them, but then again the fake tories are ok for them also |
Just bought 20k shares @ £0.995. It’s a ‘dip the toe in the water’ investment. With the nav 25% above the current sp, the downside is in my view very low and the upside looks good. Solid divi above anything you can get in the savings market so hopefully will add to this position monthly from now on.
Salty. |
Obviously the other major impact, especialy longer term, if results show they are generating enough income to continue increasing the dividend, that will help with a positive re-rate. Last results looked OK, but a longer term positive trend needed. We are well rewarded to wait, one for steady income and potential growth. |
Spec, we are on the same page with one cut and to be fair a second is possible. I'm not as bullish as Adam but again the pain is really going to bite this year as people with mortgages come off their fixed deals. Todays GDP surprised to the upside which won't help.
But whatever, the trend is clear and it will benefit the price here and in all the other rate sensitive stocks I hold, PHP, GACA, SUPR, etc |
I think we'll see a cut in June and then another in the autumn, possibly a third in December.
Understand the comments about wages/services inflation and those will continue to grind lower, but the overall inflation rate which is what is meant to be their focus will be within range, possibly sub 2% very soon.
Therefore I think the BoE can still cut rates next month and still have 'restrictive' policy which continues to hold back inflation.
I don't see them cutting 4 times this year, just because I think they'll want to go cut, pause, cut, pause, cut, rather than having successive cuts and appear desperate. There's also only 5 more meetings this year, which if they dont do successive cuts (or more than 25 bps), limits you do 75bps.
Longer term, will be interesting to see whether the recently increased savings rate goes and the impact which that has on rates |
Agreed on wage rises, but I think they'll do one cut soon (August) & then no further cuts in 2024.
But eventually, rates will tick down. |
Wages still rising at significantly above CPI. The BOE will want to see a clear downward movement in wage increases and therefore service inflation before making a move. that probably means Q4 but we should see a nice steady rise here all through next year |
Yes, this asset class was inevitably going to wake up as interest rate cuts get closer and closer. Today's MPC vote is another small step and we have 2 inflation prints before their next decision and inflation is expected to get to, or perhaps even below, 2% in June |
Move after 12pm due to likely rates cuts down the line |
Decent move today, anything out there? A lot further to run I hope. |
Yea, divi is up 4% as per the target set in the Finals. |
Dividend increased I think. |
Funny how the lack of wind in the North Sea has been called a “wind drought”. Obviously wind speeds can affect the profitability here, but very little information on predicted future wind speeds. New wind farms seem to have ever larger blades to mitigate the problem and long term the wind levels could fall with global warming. TRIG are adpapting their hardware to deal with this it seems.
Stronger blowing winds could have a material effect here, especially since 2023 was an unusually unwindy year as can be seen here on page 18, with trig seemingly quite unlucky with the position of its farms in relation to this…
I’d speculate last year was unlucky with poor wind speeds - if so, and 2024/25 return to normal wind speeds, the discount here will make even less sense.
Perhaps time I throw caution to the wind and increase exposure here?! |
Tpick up the dividends and wait for renewables to come back into vogue. If these are 120 within 2 years, then with dividends that's a nice return! |
Added a few more this morning. Tucked away in ISA for nice tax free income stream. Happy to pick up at theses prices.a few negative points with this share re the costs paid to management group seem a bit higher and the longer wait compared to UKW with divi payments. Low debt levels but as most borrowing is fixed at 3.5% I think I read, why pay down debt ......no better ideas for the money ! |
I understand that some have expressed why TRIG appears average compared to its competitors. However, what truly sets TRIG apart is its regional diversification, which shields us from fluctuations in the regulatory environment of a country. Look at similar Energy investments like UKW or BSIF to see what I mean. I am buying in on Monday having sold for a profit last year. This time I hope I don't need to sell and a proper upward trend will happen as well as European energy prices that may have bottomed.
I think, it is time to buy too. |
Time to buy, I think. |
Following Directors buying tends to be a good signal so I have added a few more today. |
Bought a lot at 99p a couple of days ago, OK waiting might have been better, but it should still provide a long term excellent and steady income. As rates fall, it seems reasonable there will be capital appreciation, but it does not always work out as anticipated. As always time will tell. |
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