The Renewables Infrastru... Share Discussion Threads

[melody9999] 24/5/2022 09:27

if energy companies didn't reinvest profits....

TRIG have been re-investing faster than most.

[apollocreed1] 24/5/2022 09:25

This guy is the biggest socialist in the whole party. But none of the current government are conservative anymore. They are even planning to put the windfall tax on renewable companies running wind farms.
Even the Dems in the US haven't instituted a windfall tax.
They just take orders from their wives and the media:

"UK finance minister Sunak orders plan for windfall tax on electricity generators -FT"

hxxps://uk.investing.com/news/commodities-news/uk-finance-minister-sunak-orders-plan-for-windfall-tax-on-electricity-generators--ft-2654885

[muscletrade] 24/5/2022 09:17

Don't disagree that it seems madness. That doesn't mean it will not happen though. SSE being slammed at over 9% off at the moment.
Uncertainty could last a couple of weeks if the FT report is accurate.

[tuftymatt] 24/5/2022 08:57

I think when it comes to the detail behind any windfall tax most in this sector will be hit in a very small way if at all.

Buying opportunity imo and a reaction by the markets to the unknown.

[davr0s] 24/5/2022 08:55

Seems madness to extend this to the green sector. So we get a green levy on our bills to grow this sector and then it gets taxed via a windfall levy. I do wonder if this will actually happen

[andyadvfn1] 04/5/2022 16:02

Possible divi announcement tomorrowWith xd on the 12th?

[tuftymatt] 03/5/2022 08:42

I am in today at 135p.
See this as a fairly safe hold for a decent divi and a bit of share price upside too each year. The right sector too long term as we have to sort this planet of ours out once we stop fighting each other don't we!!

[gateside] 31/3/2022 13:50

And the dividend was paid today :-)

[gateside] 31/3/2022 13:49

TRIG has acquired a 49% equity interest in Project Valdesolar, an operating solar park in the province of Badajoz, Spain.

Valdesolar represents approximately 3% of TRIG's portfolio, by value. Together with the Cadiz solar projects, this acquisition further enhances TRIG's technological and geographical diversification. Following this acquisition, Spain represents 8% and solar PV 15% of the Company's portfolio.

Valdesolar, which has a total capacity of 264MW, has been operational since December 2021. The Project generates enough clean energy to power the equivalent of 140,000 homes.

[mrcontrarian1] 24/3/2022 15:12

@cc2014. This sort of fund raise was never AJ Bell or HL’s business in first place. Traditionally accelerated book builds / equity taps were only offered to institutional shareholders and excluded retail / private investors and therefore not available on the likes of AJ or HL. PrimaryBid is just eating into what the institutional investors are offered, which I think is a good thing.
For a traditional rights issue this is available via HL / AJ Bell as a corporate action, it’s just the company (TRIG) finds it cheaper, quicker and easier to raise cash this way.
But at 132p for new shares issued, think existing shareholders who have not taken part in new share issue are getting a good deal as well above NAV

[cc2014] 24/3/2022 14:50

I cannot understand why AJ Bell and HL are allowing Primary Bid to take their business away. All Primary Bid do is act as an intermediary and that's what the retail brokers should be doing. It's no wonder their share prices are under pressure long term.

[schofip] 24/3/2022 14:09

The problem is you cannot buy shares for your ISA through primary bid.

[thamestrader] 23/3/2022 21:32

I won’t be buying either. PrimaryBid is no use to me.

[gateside] 23/3/2022 18:53

TRIG are my largest renewable fund, so I'm not buying any in the fund raising. Have been adding to DORE as they have hydro in Sweden which adds extra diversification.

[apollocreed1] 23/3/2022 16:05

I just bought a large position in an ISA for 133.6p. I then tried to sell and I was quoted 133.7p. So good price at the moment.

[andyadvfn1] 23/3/2022 15:27

Any participating in this primary bid fund raise?I haven't, seems too much bother for the little available.

[mrcontrarian1] 18/3/2022 08:43

£280m seems like a good price then? Really generous government backed power purchase attached to it for another 12-13 years (so much so National Audit Office criticised it as being far too generous at the time).
Global Infra Partners bought 50% of the windfarm for £4.5bn in 2018, so the 7.8% TRIG now buying therefore would have prorata been >£700m in 2018.

[andyadvfn1] 18/3/2022 08:14

The 240m price tag would come from 8% of TRIG value. 3billion * 8% = 240m.

[cc2014] 17/3/2022 23:28

They are paying 240m for it. Read an article somewhere on it today but I don't have a link now

[marktime1231] 17/3/2022 21:46

Yes I spotted that, and wondered if that formula takes you straight to the price being paid then why don't they just print the £ in the first place.

I am so annoyed and uncomfortable with this I will not be investing, I am out.

[melody9999] 17/3/2022 21:16

marktime 663. agree. but does this comment from the start of the RNS help you to get to a likely price?

"...Hornsea One will represent approximately 8% of TRIG's portfolio, by value."

[smidge21] 17/3/2022 21:11

The challenge with companies like TRIG is that managent 'sits' on the share price by growing AuM whenever they can. The price history of equity raises over the past five years has been:103105107110114123120125123124So the move to 130(+) at least breaks the recent 'flat-lining'

[cc2014] 17/3/2022 13:19

Spot on. Because you have to wonder how much this sort of asset has gone up in value over the last month given current power pricing.

Clearly there is a willing buyer and a willing seller and I can't see the seller letting it go in this market unless they get paid a generous price.

My worry is that TRIG are using the premium to NAV to chase assets at high prices.