The Renewables Infrastru... Share Discussion Threads

[andyadvfn1] 01/10/2021 08:54

Nothing changed here for my reason for investing, this price dip is a good opportunity to top up.

[ec2] 01/10/2021 08:41

These are now looking good value. Back in today at just under 123p following selling out at just under 134p a couple of months back when they were more than fully valued in my view. See my post no. 604 below. I had been kicking myself for deciding not to go back in at the recent placing at 124p. They now offer a good yield even when considering the recent uptick in gilt rates.

[carpingtris] 30/9/2021 18:15

Another down day? Would have thought being renewables and 'in fashion' that these would be a more defensive hold.

Held for number of years and can't say they've been great tbh.

Dissapointing..

[andyadvfn1] 29/9/2021 12:23

I think I read TRIG is also sensitive to significant Sterling movements

[nerja] 28/9/2021 18:19

They are all dropping a little, interest rates rises might be affecting lots of bond proxies

[carpingtris] 28/9/2021 17:40

what's up with TRIG today?

[andyadvfn1] 23/9/2021 11:51

Nice and windy today https://energynumbers.info/gbgrid

[panshanger1] 15/9/2021 09:42

Infra / renewable funds generally having a better day after the inflation figs this morning

[pinemartin9] 14/9/2021 16:20

These guys manage the TRIG wind portfolio. Great to see this approach to technology and innovation being applied.

hxxps://www.linkedin.com/feed/update/urn:li:activity:6843529710773792769/

Chris Sweetman, TRIG Operations Director at RES, said of the announcement: “TRIG is proud to be piloting this innovative product at some of our wind farms across the UK, helping to both optimise performance and extend the asset life. This is an exciting development that helps to boost wind power’s contribution within the energy mix as well as reduce the cost of production, demonstrating the benefits of an ongoing innovation within the portfolio.”

[makinbuks] 14/9/2021 15:16

My thinking is that the offer has pulled the market price down to the 124p level. Once its out the way, and assuming its successful and oversubscribed I would expect the price to return to the mod 130's quite quickly. Thats tempting me still to go for it although I don't like paying a premium to NAV

My recent experience is Augmentum Fintech, price rose to 160, fell back to 140 when offer was pitched at 135 and is now back in the 160's. Totally different investment proposition but similarities in premium rating and findraising

[ec2] 13/9/2021 22:30

Decided to pass on subscribing in the Primary Bid offer. Will see if these fall below the offer price in the next week or so.

[gbcol] 06/9/2021 09:43

I’m sure PrimaryBid is cheaper but not practical for those holding in SIPPs and ISAs. Anyway, I’m sure we’ll be able to buy in open market at near 124p before long (got a few today at under 125p) so I’m not too bothered although not happy that they decided to take the PrimaryBid route.

[marwalker] 06/9/2021 09:35

Maybe Primary Bid is a cheaper way of raising funds rather than tradional placings with underwriting fees etc.

[al101uk] 01/9/2021 17:17

This placing is 100% what this company do, the fund raise should be no surprise. They have been asked about it in the past and confirmed as much.

They make acquisitions on finance and do the placing once the purchase has gone through. Any future purchases will be done the same way IMO.

I sold on news of the purchase and gave this as the reason for my sale. It's the third time they've done this to my fairly short term knowledge.

My sale has left me very slightly better off than I would have been if I held and got the dividend... there's not much in it if you ignore the opportunity cost. I'm not sure I want to re-invest while the fund is still on the acquisition trail though.

[hindsight] 01/9/2021 14:53

CC2014 a good point
This maybe of some interest, Hinkley point looks less of a disaster for taxpayers

[bluntnib] 01/9/2021 14:38

Fair point andyadvfn1 but I'd be more comfortable if it was a done deal and immediately earnings accretive

[andyadvfn1] 01/9/2021 10:41

The funds could also be used for acquisitions Further attractive investment opportunities are under consideration, and the Company is at an advanced stage of negotiations to acquire a portfolio of Solar PV assets located on the Iberian Peninsula (the Iberian Solar Portfolio) although there can be no guarantee that this investment will be completed.

[gbcol] 31/8/2021 19:47

“why not just buy through PrimaryBid and then do a "put through" trade into your ISA or SIPP?” - you’d still need to transfer them from PrimaryBid to ISA/SIPP provider before you could B&ISA/SIPP, which is unnecessary aggro.

Yes I can understand why you would avoid but I would expect it to go to 130p post offer/placing, maybe a bit more. That would be more than enough for me to cash out and put the money into another fund that doesn’t do things like this pathetic PrimaryBid nonsense.

[bluntnib] 31/8/2021 18:39

why not just buy through PrimaryBid and then do a "put through" trade into your ISA or SIPP? Anyway I'm steering well clear. I wouldn't mind if they were raising cash to grow the business but I'm not keen on giving them cash so they just use it in effect to cover the dividend and their management fees.

See this from the RNS :

"The Company will use the funds raised to repay amounts drawn under its
revolving credit facility and to meet
near-term funding requirements."

[gbcol] 31/8/2021 16:14

I’ve written to them telling them what an appalling approach I think this is. I doubt they will care or even reply. I expect I’ll pick up a few more shares over the next week or so in the 124-125p range, but once the share price recovers after the placing/offer I’ll be out of this as I suspect this is now their modus operandi, which is not acceptable to me.

[prokartace] 31/8/2021 15:50

Yes its not only that you can't put themin ISAs and SIPPs, there is also the problem of coming up with the cash in time to put in the subscription. Most times there is not enough time to pull it out of the investment account into Primary Bid before the deal is closed. They need to have a way to pay on settlement in the nominated account. I am quite sure the institutions dont pay up front

[andyadvfn1] 31/8/2021 09:02

Quite Mickey Mouse indeed. Maybe they are aiming for a new group of investors.