The Renewables Infrastru... Share Discussion Threads

[petewy] 08/8/2018 10:30

Good results. Divi uo

[jonwig] 08/8/2018 07:45

HY results:



Improving NAV and dividend. 105.2p deserves a premium.

[jonwig] 01/8/2018 14:01

That could take out the rest of their credit facility, and more. No offshore though?

[cwa1] 01/8/2018 13:03

The Renewables Infrastructure Group Limited

Press Speculation

This announcement contains inside information

1 August 2018

The Board of The Renewables Infrastructure Group Limited (the "Company" or "TRIG") notes recent press speculation that the Company is in discussions with Enercon for the acquisition of an equity interest in in the 229.1MW Ersträsk onshore wind farm located in Piteå, Sweden.

TRIG has an active pipeline of assets that it is reviewing across Northern Europe in line with its Investment Policy. One of the potential investments that TRIG is currently reviewing is this opportunity. The Company confirms that advanced discussions are in progress to acquire an equity interest upon completion of construction milestones although there can be no certainty as to their outcome.

A further announcement will be made by the Company in the event of any material developments.

[jonwig] 18/6/2018 07:37

Another onshore investment.

The revolving credit facility now stands at £134m out of a maximum of £240m. The current share issuance programme will soon run out and I guess they'll have to resort to an open offer before long.

NAV at 31/12 was 103.6p, so they've plently of room for pricing.

[llef] 26/4/2018 09:35

good Q1 news in FT from Orsted below, which hopefully bodes well for TRIG too

"Orsted, the Danish energy company,Profit for the period was DKr3bn, thanks to increased power generation by wind farms already in operation, which was partly caused by higher wind speeds in the UK during the period."

[jonwig] 21/3/2018 05:53

High-yielding Renewables Infrastructure Group (TRIG) has raised £57.6 million in a ‘tap’ share issue, more than double its target, a month after weakening the inflation link to its dividend.

The Guernsey-based investment company has issued 54.85 million new shares at 105p, which began trading today and raising its market value to just over £1 billion.

[a0002577] 21/2/2018 07:57

I would like to know why you think UKW is up there with TRIG. I would put FSFL (Foresight Solar) up there as well. They give their results tomorrow and are currently trading at the lower end of their range (104-104.5) and yield just over 6%.

[topvest] 20/2/2018 19:08

A quality renewables play.Think this and Greencoat are the pick of the bunch.

[neilyb675] 20/2/2018 12:22

👍👍👍👍8077;👍

[stewart64] 20/2/2018 12:16

The impending results probably explain the fall in the share price pre-dividend because pessimism abounds and you really need to exceed expectations to raise the share price. Well it exceeded expectations ++++, with the share price close to nav and a potential dividend lift. Wrong footed the pessimists, should be more mileage in this one yet.

[karadas09] 20/2/2018 11:06

I agree, this were decent results given the fairly conservative outlook for this kind of investment. They have a nicely diversified portfolio of assets and seem to be more actively managed compared to some other similar investment trusts. Also topped up last week @ 102p.

[a0002577] 20/2/2018 08:29

A very presentable set of results published this morning see



NAV : 103.6
Forward dividend 6.5 pence giving a forward yield of 6.20%

Share Price 104.60 this morning

And they seem to have a plan.

I had topped up before the results so not in the market for more at the moment.

[gateside] 09/2/2018 14:37

Fallen with the rest of the Markets

[notimpressed] 09/2/2018 11:02

price normally drops ex divi date, not before

[jonwig] 06/1/2018 09:15

Interesting that TRIG's first offshore wind investment comes at the same time as the industry thinks it can construct these things subsidy-free:



Changes in government subsidies have always been a risk with these energy companies. Freedom would give more scope to increase prices (I think) and it could mean more investment opportunities. Prepare for lots more fundraisings in the near future? (Personally, I'd participate.)

[stewart64] 06/1/2018 09:01

Turned 7.2% since that102.6 low, but as the general market has turned 5.5% too (and 102.6 was oversold) we might get a bit more mileage yet.

[a0002577] 28/12/2017 16:20

I like these assets too - for the reliable dividends which should move with RPI which this year seem to be a bit north of 3%. The one downer is the propensity to buy new assets - good in its own right and the latest acquisition of part of an off shore wind farm looks to be good - using their draw down loans. This is usually a precursor to issuing more shares at a lower price than the current market price which in turn results in a temporary dip in the share price So... as I was rather overweight in these, I sold half my holding yesterday intending to buy back this or similar depending on which of the six green infrastructure funds raise money next.

[stewart64] 28/12/2017 09:10

Dividend day tomorrow. What I like about these asset backed high income trusts is that you are only ever two or three quarterly dividends away from the equilibrium price and breaking even over an annual period if the price falls...not there anyway coming back from 102.

[cwa1] 21/12/2017 11:32

And this might sound mad....but....further to my buy posted above on 30/11 I've just shipped them off for a nice 5p a share turn in very short order. So medium term was quicker than I expected! Probably further to go but was nice to book a decent gain so quickly.

Best of luck to you all-I will keep an eye on it and be back if it drifts away again for no obvious, sensible, reason :-)

[stewart64] 12/12/2017 09:51

Probably picking up today on the oil pipeline leak. I guess the price has been hit lately with general political interference and even a proposed dismantling of a wind farm in the Lakes. You can't really make this up given global warming, and the UK's precarious energy security. Keep giving investors in the sector a head kicking and see where your energy security will be in five years time. Wind technology is one of the few sectors we really do well in this country with the very best climate to boot.

[llef] 30/11/2017 16:16

yep, and me too.
i know investing is a long term game etc etc, but last month has been quite good for wind generation (average of 5.16GW)...

hxxp://nationalgrid.stephenmorley.org/

[cwa1] 30/11/2017 16:00

Afternoon

For the absolutely nothing that it's worth, I joined you here this afternoon. Hopefully on a medium term basis, with a handful of shares at 103.5p. Had an eye on it for a while and decided to stick half a toe in the, slightly frigid looking, water.

Fingers crossed and all that jazz for holders.

[stewart64] 17/11/2017 17:08

Indeed, I certainly wont be selling anyway.