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Share Name Share Symbol Market Type Share ISIN Share Description
The Renewables Infrastructure Group Limited LSE:TRIG London Ordinary Share GG00BBHX2H91 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  5.80 4.74% 128.20 3,750,723 16:35:23
Bid Price Offer Price High Price Low Price Open Price
127.60 128.00 128.40 124.20 124.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 162.03 11.40 11.2 2,099
Last Trade Time Trade Type Trade Size Trade Price Currency
17:23:22 O 18,307 128.20 GBX

The Renewables Infrastru... (TRIG) Latest News (1)

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Date Time Title Posts
24/3/202009:58THE RENEWABLES INFRASTRUCTURE GROUP408
09/5/201718:19The Renewables Infrastructure Group3

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The Renewables Infrastru... (TRIG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:30:06128.2018,30723,469.57O
16:15:23128.1917,06421,875.02O
16:07:52127.908501,087.18O
15:35:23128.20441,919566,540.16UT
15:28:50128.009511,217.28AT
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The Renewables Infrastru... (TRIG) Top Chat Posts

DateSubject
31/3/2020
09:20
The Renewables Infrastru... Daily Update: The Renewables Infrastructure Group Limited is listed in the Alternative Energy sector of the London Stock Exchange with ticker TRIG. The last closing price for The Renewables Infrastru... was 122.40p.
The Renewables Infrastructure Group Limited has a 4 week average price of 95.90p and a 12 week average price of 95.90p.
The 1 year high share price is 139.20p while the 1 year low share price is currently 95.90p.
There are currently 1,637,453,267 shares in issue and the average daily traded volume is 4,583,065 shares. The market capitalisation of The Renewables Infrastructure Group Limited is £2,099,215,088.29.
24/3/2020
09:58
davebowler: Liberum; Reassuring update on operations and cash flows Mkt Cap £1,689m | Prem/(disc) -10.3% | Div yield 6.6% Event TRIG held an investor call yesterday to provide an update on the portfolio and the company's financial position in light of the COVID-19 pandemic. Key takeaways included: Operational performance - business continuity plans are in place across the maintenance and asset management teams in all of the company's jurisdictions. The portfolio mainly comprises wind farms and solar parks and the majority of faults can be reset remotely. Supply chain disruption for spare parts has been mitigated by the approach to condition monitoring and acquisition of strategic spares. Diversification - the portfolio diversification across 74 projects in the UK, Ireland, France, Germany and Sweden lessens the potential impact to site availability from wider grid issues or issues with substations etc. Construction - the company's construction projects may be delayed. The exposure to construction was 8% of the portfolio at 31 December 2019 on a fully committed basis (Solwaybank, Blary Hill and Venelle). Generation - Portfolio generation is 25% above budget to date in 2020. Q1 is a crucial quarter for revenues as TRIG typically generates 30% of revenue in the quarter. Power prices - Lower power prices have impacted revenue although these are expected to rise slightly (based on forward prices). 77% of generation benefits from fixed prices, reducing the impact of lower power prices. Cash flow projection - Based on forward power prices and the portfolio generation to date in 2020, the manager's revised cash flow projections for 2020 show only a small reduction versus the original budget. Dividend guidance has been maintained at 6.76p per share for 2020. FX hedging - 45% of the portfolio value is in Euro-denominated investments. 80% of the balance sheet value of the Euro assets are hedged four years ahead. The hedges are settled as they expire and there are no margin calls. Financial strength - TRIG has £100m of cash and an undrawn £340m RCF. This more than covers outstanding commitments of £350m due by the end of 2021 on Merkur, Ersträsk Phase 2, Solwaybank and Blary Hill. TRIG has no refinancing exposure as all of the drawn debt is long-term project finance. The debt is fully amortised before the end of the subsidy life of the assets. Liberum view During this challenging period, TRIG is operating from a position of strength with a robust balance sheet and a confident outlook on revenue generation in 2020. This is underpinned by the high proportion of fixed cash flows over the medium term as a result of subsidy agreements and PPAs. The outlook for dividend cover remains strong and we believe recent share price weakness represents an attractive entry opportunity.
29/1/2020
06:45
jonwig: Another broker questions the valuations of these companies: https://citywire.co.uk/investment-trust-insider/news/risky-renewables-now-jefferies-questions-dividend-cover-if-power-prices-plunge/a1317805?ref=investment-trust-insider-latest-news-list Neither of the two articles has anything to say about the role played by the CFD auction in guiding energy prices. It's also worth pointing out that TRIG's large share price premium is a relatively recent phenomenon.
28/1/2020
16:01
schofip: There is great pressure out there to get rid of fossil fuels due to climate change and nuclear(due to the cost of decommissioning). Wind, wave and solar are the only viable alternatives moving forward and this company is in exactly the right place at the right time. Feel sorry for the people shaken out today by the scare mongering shorters. This share price did get ahead of itself very quickly and as I understand it a 20% pullback on the rise is a very healthy thing.
28/1/2020
11:06
trekker60: Ref this morning's debate about the article posted by Nerja: I've no insight into his motive for posting the article or the merits of the arguments/assessments included in it. HOWEVER, regardless of both factors, I agree it is relevant information which warrants being published on this board - if only so less well informed small PIs like me understand why the TRIG price has dropped suddenly over the last couple of days. So, thanks Nerja. For what it's worth, I am continuing to hold TRIG but that's not set in stone and I will be keeping an even closer eye on them than usual. Will be interesring to see if TRIG comments on this when the annual results are published on Feb 18.
28/1/2020
08:31
nerja: (Update) Investors in London’s expensive listed renewable energy funds are at a risk of a 43% share price fall and a 33% drop in asset values due to the slide in long-term power forecasts, JPMorgan Cazenove has warned. Strong investor demand for their reliable dividends and environmentally friendliness has pushed shares in London’s six wind and solar power investment companies to an average 16% premium above their underlying net asset values (NAV). But UK investment companies analyst Christopher Brown said the double-digit premiums of companies in the £9bn renewables sector were unsustainable in face of mounting evidence that growth in carbon-free energy would slash the cost of electricity in the next 20-30 years. While that's good news for consumers and the planet, it is bad news for funds generating most of their revenues from selling electricity into the wholesale market, said Brown and fellow analyst Adam Kelly.
03/10/2019
20:04
jonwig: ... the Company has successfully completed the fundraising, raising gross proceeds of £227.6m. The Issue was heavily oversubscribed. Accordingly, the Company has had to scale back applications materially. The Company will issue 185m New Ordinary Shares, being the balance remaining available under the Company's Share Issuance Programme which was put in place on 7 March 2019. Demand is still huge, and the share price refused to stay down.
28/3/2019
18:27
trekker60: Yep, applied for £5K worth for my ISA, got just over £3K, so appears to be about 60% of application allocated. Would have been nice to get more but as a small shareholder glad to get at least a half-decent shareholding. Like Schofip, might look to top up at some point, particularly if the share price drops back a penny or two at any point once the current excitement dies down.
23/3/2019
17:25
gateside: I think the share price matters. Because even if your a buy and hold, reinvest the dividends person, like I am. The might come a point when you decide you want, or maybe you need to sell.So a higher share price, guarantees you can sell at a profit. It's more than just vanity in my opinion.Currently holding JLEN and TRIG, plus I took up the open offer in TRIG
23/3/2019
13:05
a0002577: Can I ask, Masurenguy & stewart64 why the share price matters to you? It matters to me 'cos I trade in and out of these (and all the Green Infrastructure shares). I am out of TRIG at the moment and into BSIF and JLEN which have not extended their asset life yet and so I see more upside there and expect announcements shortly. Furthermore they both yield more than TRIG. If I was a buy and hold guy the share price sort of matters cos it sort of shows that I bought wisely. But that is mere vanity. If I was a buy and hold guy that reinvested dividends then the lower the price the more shares I get, so I would would want the price to come down. As a trader I want the price to go up when I hold them and down when I don't. The price has to come down more for me to turn buyer. sub 110 would persuade me to look again or a five or six pence rise in BSIF or JLEN
16/3/2019
12:33
stewart64: One of the best weeks ever for wind generation after a series of South Westerlies...36% of total generation. Greencoat shares looking a tad toppy, I sold at 138.16 pm yesterday, will hope to buy back on a pullback. The share issuance not weighing on the share price here as much as I thought but there is next week. If it stays at 117 the share issuance will be massively oversubscribed. They could roll share issuance tranche one and two (of the three they intend) into one to meet the demand?
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