The Renewables Infrastru... Share Discussion Threads

[gateside] 03/6/2019 12:20

Predictive text can be so annoying!I meant acquisition

[jonwig] 03/6/2019 09:32

Yes I like the offshore and the non-UK emphasis here.Was that your predictive text on blink?

[gateside] 03/6/2019 09:22

Good accusation today. Increases their diversification.

[jonwig] 02/6/2019 17:25

From Sharecast:

Over at the Sunday Times, Rachel Millard turned her attention to The Renewables Infrastructure Group in this week's edition of Inside the City.

Millard discussed the Jadraas wind farm, deep in the forests north of Stockholm, with almost 70 wind turbines producing enough electricity to power up to 114,000 households - one of the many assets TRIG has snapped up.

"TRIG is unshowy but has a good track record: it has posted an 8.3% annualised total return since listing in 2013, and made a profit of £123.2m last year. It has grown steadily and holds 64 assets across the UK, Ireland, Sweden and France," said Millard.

Last year, it generated more than 2,000-gigawatt hours — enough to power more than 500,000 homes and almost one-fifth of the amount of renewable power generated by struggling FTSE 100 giant SSE.

Millard believes the wide base should help TRIG chart a course through "the inevitable seesawing in power prices and regulation" as it tries to "ride the renewable energy boom".

She also noted that diversification at TRIG looked set to continue, with shareholders recently approving plans to allow the company to invest further in offshore wind - a sector which attracted about €65bn worth of investment across Europe in 2018.

"A healthy dividend since 2013 has meant that TRIG has enjoyed strong support. It is targeting a dividend for this year of 6.64p, which would give a yield of 5.6%," said Millard, who also noted that most of the group's earnings came from fixed-price contracts and subsidies, giving it "a degree of certainty".

However, behind the strong outlook, Millard said a "predicament" was lurking.

"The shares are pricy, trading at 126p — a steep premium of about 12.9% to its latest net asset value of 111.6p," she said.

"Buying at a premium is always a tricky judgment as the shares could fall if the assets do not catch up and the market loses confidence."

Millard felt a good strategy could be to wait and see how the firm's assets performed but, on the other hand, the strength of its track record and management weighed in the company's favour for a long-term bet.

"The yield looks good and the premium compares reasonably with that of its peers. On balance, and with caution, buy."

[jonwig] 16/5/2019 08:37

They'll put huge strain on the gilts market if they carry on like this. One of their points is that they can do this "whilst interest rates are low", as though they'll conveniently stay that way.

[stewart64] 16/5/2019 08:27

Long- Bailey also on the BBC this morning re. renationalision of solar assets at below market value. Not sure to what extent that would involve Trig assets? Trig getting kicked today beyond ex div.

[jonwig] 10/5/2019 05:50

A warning here about high asset premiums and government policy changes:



Funnily enough, TRIG doesn't get a mention, and I'm a bit unsure of the accuracy of some details.

[jonwig] 07/5/2019 06:19

Shares Mag video free to view:

[tcuc3e] 18/4/2019 13:49

Ah, I see. That explains that. Thanks.

[stewart64] 18/4/2019 13:30

tcuc3e..existing shareholders excess was topped up from the ninth allocation that was not subscribed for.

[tcuc3e] 17/4/2019 17:01

Just caught up with my excess bid and I received 87% of what I bid for. This seems higher than the 60% that others referred to. Seems odd.

Message I received:

"Please be aware that elections made under the Excess Facility have been subject to scaling back. Subsequently, elections in excess of a shareholder's basic entitlement have been satisfied by up to approximately 87.4062 percent in respect of the number of Excess shares applied for."

[11_percent] 08/4/2019 11:32

Only started buying these last week, and so far so good.

For the 6 funds in the category, the yield seems to be the core factor.

The other factors, share price and premium/discount, adjust to give the 5+% yield.

UKW is the exception, with the yield being 4.79%.

My guess, and its only a guess, is that the yield on these is going to reduce, with an increase in the share price

[carpingtris] 08/4/2019 10:48

Good day so far again, my other infrastructure holding HICL also doing well lately.

[11_percent] 08/4/2019 10:44

Go baby...go...

[carpingtris] 05/4/2019 08:35

Mines now sorted at Lloyds.

[melody9999] 05/4/2019 08:29

bear in mind its tax year end so most brokers are flat out

[zachariah] 04/4/2019 15:14

AJ Bell have now returned excess cash

[goldry] 04/4/2019 10:00

I'm still waiting as well. iWeb and Lloyds one and the same so expect both will be sorted in a similar timeframe

[carpingtris] 04/4/2019 09:24

OK thanks for the info.

I'll give them till the end of the week or then will have to moan at them, lol

[cwa1] 04/4/2019 09:17

All consolidated in to one holding now.

[carpingtris] 04/4/2019 09:13

Did they amalgamate them into your original holding?

Just my Lloyds earlier was still showing as two separate items.

On another note my HICL got sorted :)

[cwa1] 04/4/2019 08:59

ii have now completed the transaction, shares in account and cash returned to account. Not exactly at the forefront of runners and riders but got there in the end.....

[trekker60] 04/4/2019 08:22

Schofip: Like you, my share allocation and returned funds appeared in my Selftrade ISA on Thur Mar 28 - and I'm only a small shareholder (applied for £5K worth in the open offer, got around £3K worth) and occasional trader. Maybe we just got lucky but happy to give credit where credit is due!

[zachariah] 04/4/2019 04:31

My open offer and excess shares have been applied to my AJ Bell Sipp and are tradeable now but the excess funds have not been returned yet.AJ Bell have informed me that they received the excess funds back yesterday afternoon from the brokers but they need "apportioning" which will take 5 working days apparently.I thought we lived in an electronic age?!!