Triple Point Energy Tran... Share Discussion Threads

[jonwig] 02/12/2022 07:40

H1 results:



Most of the assets are structured as loans, which adds some stability. NAV is now 100.26p. 27% discount is a bit steep! Annual dividend seems to be 5.5p, so a yield of 7.4% must be among the highest in the sector, though not much scope for increase.

[jonwig] 30/11/2022 12:22

The terms of the loan are here:



They look pretty good for security and inflation protection, but we aren't told the initial interest rate!

[davebowler] 30/11/2022 11:37

Liberum update-
Triple Point Energy Transition

First of four energy storage facilities financed in April operational

Mkt Cap £72m | Share price 72.0p | Prem/(disc) -25.1% | Div yield 7.6%

Event

On 1 April, the company announced the financing of four UK energy storage facilities via a £45.6m debt facility. The first of these facilities, located in Oldham with a capacity of 20MW has begun operations. The operating company is working on a route to market to obtain a diverse range of revenues from the wholesale, capacity, ancillary and balancing markets.

[jonwig] 16/11/2022 17:24

Brewin Dolphin have taken around 4.5%, mostly for clients' accounts.

[jonwig] 28/10/2022 08:24

Further to its announcement on 24 October 2022, the Board of Triple Point Energy Transition plc is pleased to announce that the Ordinary Shares of the Company have been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and have been admitted to trading on the Premium Segment of the Main Market of London Stock Exchange plc, with effect from 8.00am this morning.

Dr John Roberts CBE, Chair of Triple Point Energy Transition plc, commented:

"The Board is delighted that the Company's shares have been admitted to the Official List and to trading on the Premium Segment of the London Stock Exchange. We believe the move will raise TENT's profile as an investment company and help provide access to the Company's shares from a broader group of investors. In addition, admission to the Premium Listing Segment is a key criteria to facilitate the Company's inclusion in the FTSE indices. We anticipate that the combination of these factors should help to increase the diversity of the shareholder base and improve liquidity, to the benefit of shareholders."

[cc2014] 24/9/2022 08:57

Mostly I just got fed up with this and had a clear out and the spiking interest rates and falling energy prices tipped me over the edge. It's been annoying me and nagging away at me for ages and I didn't act. There seemed to be a never ended flow of sellers and that was nagging away at me too. I did not get a good price imho but I just wanted out.

My conviction level was low and that doesn't suit me as an investor. I don't mind holding on to losers if I believe the market is genuinely wrong but I'm not good at holding if I'm sympathetic to what the market is doing.

The RCF is at Sonia +2.5% or around 4.75% at today's base rate, but it seems likely to be somewhere nearer 7-7.5% if you believe the market forecast pre mini-budget of a base rate of 4.75% by the middle of next summer.

I am not fully confident about this but surely the rises in interest rates will affect the discount rate in the NAV calculations in an uncomfortable way. I sold all my other renewable stocks yesterday apart from AEET.

I do not see high levels of energy prices post this winter. The oil price is telling me where the gas price will follow given enough time to readjust the supply side of the energy equation.


(I made some very decent money on FSFL, NESF, DORE, HEIT and some smaller amounts on UKW, TRIG and AERS so the loss on this one is not so painful. They've all been sold)

[jonwig] 23/9/2022 20:06

CC - the Spark Steam is a £8m senior debt loan (fortunately!). Fully secured on the properties and undertakings of the company. If it had been equity, I might have felt the same as you.

I have to say I've rather taken my eye off this one recently.

[cc2014] 23/9/2022 14:35

Sold out today. Not a great investment. Lost about 10%.

I have 4 concerns
1. The spark steam investment
2. The new load at a fixed rate for battery storage. the fixed rate isn't disclosed but fixed doesn't seem a good idea right now.
3. APS financial stability. Accounts for Dec 21 are due by end of September. Their debt pile looks uncomfortable to me and is going to be considerably more than it used to be. Too much income from one customer.

Also, opportunity cost of investing elsewhere, not that I have, I've just turned it into cash right now. There seem plenty to choose from now.

[jonwig] 02/9/2022 07:42

The new name from 31 August 2022 of TEEC, with new EPIC TENT.

Website same as before, for now.

[jonwig] 02/9/2022 07:42

NB: name change from TP Energy Efficiency Oct 2022, previous RNS history winder "TEEC".