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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Triple Point Energy Transition Plc | LSE:TENT | London | Ordinary Share | GB00BMCBZL07 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.25 | 0.57% | 44.25 | 39,323 | 16:35:18 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 43.00 | 45.50 | 43.00 | 43.00 | 43.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | -4.76M | -7.27M | -0.0727 | -5.91 | 44.01M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:55:27 | AT | 2 | 43.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/11/2024 | 15:00 | UK RNS | Triple Point Energy Transition PLC Holding(s) in Company |
| 07/11/2024 | 09:30 | UK RNS | Triple Point Energy Transition PLC Holding(s) in Company |
| 14/10/2024 | 06:00 | UK RNS | Triple Point Energy Transition PLC CHP deferred consideration update |
| 04/10/2024 | 17:33 | ALNC |  IN BRIEF: Triple Point Energy Transition in payment plan discussions |
| 04/10/2024 | 06:00 | UK RNS | Triple Point Energy Transition PLC CHP deferred consideration update |
| 19/9/2024 | 06:00 | UK RNS | Triple Point Energy Transition PLC Special Dividend progress |
| 06/9/2024 | 13:26 | ALNC | IN BRIEF: Triple Point Energy Transition declares GBP25 million return |
| 06/9/2024 | 06:00 | UK RNS | Triple Point Energy Transition PLC Special Dividend |
| 05/9/2024 | 08:47 | UK RNS | Triple Point Energy Transition PLC Holding(s) in Company |
| 03/9/2024 | 14:00 | UK RNS | Triple Point Energy Transition PLC Holding(s) in Company |
Triple Point Energy Tran... (TENT) Share Charts1 Year Triple Point Energy Tran... Chart |
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1 Month Triple Point Energy Tran... Chart |
Intraday Triple Point Energy Tran... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/12/2024 | 08:02 | Triple Point Energy Transition plc | 122 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-12 15:55:27 | 43.00 | 2 | 0.86 | AT |
| 2024-12-12 12:13:43 | 44.13 | 120 | 52.95 | O |
| 2024-12-12 11:32:18 | 44.13 | 22,700 | 10,016.38 | O |
| 2024-12-12 10:01:21 | 42.68 | 15,000 | 6,402.00 | O |
| 2024-12-12 08:27:15 | 44.20 | 1,500 | 663.00 | O |
| Top Posts |
|---|
Posted at 12/12/2024 08:20 by Triple Point Energy Tran... Daily Update Triple Point Energy Transition Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker TENT. The last closing price for Triple Point Energy Tran... was 44p.Triple Point Energy Tran... currently has 100,014,079 shares in issue. The market capitalisation of Triple Point Energy Tran... is £43,006,054. Triple Point Energy Tran... has a price to earnings ratio (PE ratio) of -5.91. This morning TENT shares opened at 43p |
Posted at 12/12/2024 08:02 by erstwhile2 The Hydro remaining assets seem massively overvalued in NAV, I would expect it to achieve around current share price only in liquidation. It is just discounted FiTs and something small for the MWh sales if in excess of opex. FiTs expire in 9-10y so like the solar funds the run of river hydro assets are a decaying annuity. They also had it on a ridiculous low discount rate as they played pass the parcel between inhouse funds - think TENT got it from the Triple Point VCTs. No friendly inhouse bagholder this time, else it would already be done like the battery loans to Triple Point leasing. |
Posted at 27/11/2024 19:29 by 2wild If they were, we wouldn't be able to buy on such a large discoun to NAV. Current subdued share price looks very attractive on a risk reward basis.Incredibly Bank of England bass rate was below 0.8% Between March 2009 and May 2022. During the time many alternative income investment trusts came to market and subsequently traded at low to high premiums to NAV. Lots of these are down ober 50% from highs some years ago. I think anybody buying a few of these are current prices will do extremely well during next five years. |
Posted at 11/10/2024 10:10 by tigerbythetail Triple Point sacked over at DGI9. Share price up as a consequence! |
Posted at 08/9/2024 07:43 by cc2014 I spent a very conflicted Friday afternoon trying to decide what to do and in the end sold out.An income distribution rather than a capital distribution I could have coped with as I bought around 55p and it would only have left me a small capital loss on the remainder but the remainder I would have had to sell before the final distribution. However, I suspect that will not be the case for many and a slew of sales will appear over the next few weeks for that very reason. Clearly someone is soaking them up at the moment probably because to some institutions income distributions are attractive but how many do they want. I have a suspicion Milkwood may soak up very many millions, maybe even enough to overturn the wind-up but if they stop the share price will fall. I also went through the NAV which took me ages and this is what I get. I'm open to finding out I've made a mistake. Published NAV of 86.7p, but that's before the CHP write down of 5.6p. So that takes us to 81p. We've had two dividends since then so that takes us to 78.25p. From there we have some revenue from the investments they still have less the running costs and I'm going to guess they net of. So, I'm out at just over 71.2p vs my NAV of 78.25p. I guess if I'd waited until the end of March to get the rest of the cash I'd get 78p ish which would give me 9.5% over 7 months. A good reason to stay in. I would have preferred an exit at 73p, which would have seemed fairer, but I'm not sure the market was going to give it me. Also, I've banked my CGT gains before Rachel Reeves screws us all on CGT |
Posted at 06/9/2024 11:51 by stemis Current share price of 71p less 25p special dividend is net cost 46p.Last net asset value (31.3.24) was 86.66p/share. Since then they've paid 2 dividends of 1.375p each so, after the 25p special dividend, proforma NAV/share would be 58.9p. 'Potential' upside of 28%. Unfortunately Triple Point being the useless bunch they are, have decided to return me my first tranche of my own capital by means of a dividend. As I hold it outside a tax shelter that means I'd have to pay tax on it. So I've sold... |
Posted at 18/7/2024 15:50 by stemis Very quiet in here and maybe that's a good thing...I'm not a fan of these little 'environmental' investment trusts but I have a small interest here. Current net asset value at 31 March was 86.66p/share. Since then it's paid a dividend of 1.375p. Let's be prudent and knock that off NAV, giving 85.3p/share. Current share price is 70p. So in theory a 22% gain to be had. The way TENT accounts for it's investments, through an intermediate holding company, clouds the situation. But at 31.3.24 there was £3.7m cash in the top co and £4.1m in the intermediate holding co. Knock off £1.4m for the dividend and £0.7m for negative working capital (£0.4m topco + £0.3 intermediate) gives £5.7m. Since then £2.1m repayment of LED facility £11.6m repayment of Field Debt facility (balance of which clears revolving credit facility) £14.5m refinancing of CHP facility (plus £3m deferred) giving a total cash of £33.9m or 33.9p/share. Not sure why TENT aren't distributing the bulk of this. What's left is 51.4p/share (£51.4m) covering the remaining 36.1p cost of shares. That's made up of £3m deferred consideration on the CHP refinancing, the hydroelectric assets (bidders shortlisted) which cost £46.2m and the remaining LED facility of £2.2m. Anything better than a 30% haircut would be profitable at this level. |
Posted at 25/6/2024 16:13 by stemis Surprised they got away with an impairment of only £6.1m (although there is still £3m at risk due to deferred payment).-------------------- SteMiS - 06 Mar 2024 - 09:58:45 - 67 of 84 I'm pretty sceptical of these small 'enery efficient' investment vehicles like TENT which sought to ride the somewhat trendy 'environmental' wave and now sit on big 'discounts'. Part of TENT's NAV of £95.1m (95.1p/share) comprises loans to CHP producers Harvest and Glasshouse. For anyone who's interested... Harvest is Harvest Generation Services Limited. Accounts are available on companies house web site. As at 31 March 2023 (last accounts) it owed TENT £9.2m. Harvest had net assets of £3.6m and appears to be loss making. Glasshouse is Glasshouse Generation Limited. Accounts are available on companies house web site. As at 31 March 2023 (last accounts) it owed TENT £9.2m. Glasshouse had net assets of £4.3m and appears to be profitable in the year but has losses brought forward. These loans add up to £18.4m (18.4p/share). Loans are due for repayment in 2031. Will be interesting to see how TENT recover this money before then at full value. |
Posted at 09/2/2024 15:24 by mwj1959 I agree that there is "guilty by association" share price risk even if TENT and DG19 are very different investment propositions. And I'm sure that was one of the reasons behind the recent weakness in the share price However, personally I think it was BESS related risks on the back of divi cuts etc. from the battery storage companies that was probably the main driver. |
Posted at 13/12/2023 09:38 by davebowler Liberum-Orderly realisation of assets and return of capital proposed Analysts: Alex O’Hanlon and Shonil Chande Mkt Cap £58m | Share price 57.5p | Prem/(disc) (-39.5%) | Div yield 9.6% Event Triple Point Energy Transition’s board has determined that an orderly realisation of assets and return of capital provide the best path to optimising shareholder value. Details of the proposals will be disclosed in Q1 2024. Sale of Field debt facility TENT has also received an offer to acquire the company’s debt facility provided to a subsidiary of Virmati Energy (trading name: Field), for the purposes of the construction of a portfolio of UK Battery Energy Storage System assets. The offer would see the TENT receive the full carrying value of the loan should it progress to completion. To date, c.£10.1m (of £37m committed) has been drawn under the facility. Liberum view This morning’s announcement doesn’t come as a great surprise, given the persistent discount and inability for TENT to achieve scale since its IPO. We think management has done a decent job and the portfolio was certainly a differentiated option in a crowded peer group, but with a market cap of less than £60m and no visibility over raising capital, the writing was on the wall. We welcome the board’s proactivity in recognising this and hope to see more boards following suit. With 22 investment trusts in the renewable infrastructure sector, further wind-ups and consolidation is required, if the sector is to address the supply/demand imbalance that currently exists in the companies’ shares. TENT looks like an attractive trading opportunity, given the 40% discount on which the shares trade, although transaction activity has dried up over the last 12 months, so a portfolio sale could take some time. That being said, the sale of the debt facility in line with carrying value is positive and we think the rest of the portfolio is also in good shape. |
Posted at 14/4/2023 08:02 by cc2014 This fund is covered in red flags1. Fund manager is Triple Point who are also SOHO and DGI0 where share prices have also cratered 2. The sourcing of the initial investments in APS from an in-house open-ended fund. Whilst shareholders were assured this was done at a fair value my concern is the valuation and the nature of the transaction 3. The fund has one third of its assets to one borrower APS Salads at IPO. Less now I guess. Too mnay eggs in one basket is a school boy mistake. The accounts of the parent company A Pearson Holdings are available at Companies House and one must consider the ability of APS to pay the interest on the debt to TENT given interest rates have rised from 0.1% to 4.25%. APS grow tomatoes are now unable to do this in winter due to the high price of gas. Their labour costs must be through the roof post Brexit and rising minimum wages. If this all goes wrong and one third of the NAV has to be wiped out... OK, TENT have security over the CHP plant but how much is a second hand CHP plant worth? especially since one of them is on the IOW IIRC. Now, to be fair TENT say the equity of the main off-take counterparty for CHP has been acquired by a new shareholder which is APS Growth Holdings Ltd. A search on companies house reveals APS Growth Holdings Ltd to have been set up in Dec 22 and therefore has no accounts and minimal shareholder capital. Then a bunch of charges from IOW Squirrel Ltd (really?) and Shawbrook Bank. A broad guess is that APS were in trouble and/or directors wanted an exit but to guess any more would be just that, guessing. Perhaps the new company is better capitalised or perhaps it isn't. 4. Another loan to consider is the Spark Steam one at 7% IIRC. 5. Then there's the recent loan from the latest RNS. I looked up the accounts of the borrower and well it's a maze of companies and my best guess is thats its a loan for general working capital purposes, probably with security over the WIP and my best guess is that the loan is at over 10% and rolled over from a previous lender who was getting 9%. The last part is a guess though and one might consider why the existing lender didn't want to roll the business although that could be nothing. 6. the RCF is sourced from guess who Triple Point. TP do do this but it's just a little too "convenient" for me and the rate is 6% IIRC. Out of all the possible parties that could provide finance it turns out the best value comes from a TP internal company? 7. Have those hydro projects been bought at the top of the market? 6. Then finally there's the discount rate, which is a biggie. TP do not seem to have adressed this in the latest quarterly update imho. The base rate has risen by 4% and yet for example IIRC and unless I've missed something becasuse at this point I've got enough red flags I can't be bothered to go and check I think TP are using almost the same discount rate on most of their investments as when they made them. Something is nagging at me telling me I'm exaggerating there and they have moved a little but however much it is it's clearly not in line with the rest of the market, all of which keeps the NAV up and TP's fees. However, the share price is around 61p to buy and someone(s) are clearly offloading. It looks to me like the classic institution pushing the price down so far as to make the entry price look amazing and can shift volume. Classic transfer from instiutions to PI's. As to whether they have some fundamental piece of information and the NAV is about to get slaughtered soon or at some random point in the future or whether they just want out and 60p will turn out to be a bargain who knows. My guess is that eventually the seller will be finished, the share price will bounce and then things will unravel at a later date with a big gap down below 60p Simply put it's about the reputation of Triple Point and the credit risk of the counterparties. |
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