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USF Us Solar Fund Plc

0.4725
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Us Solar Fund Plc LSE:USF London Ordinary Share GB00BJCWFX49 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.4725 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.445 0.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 19.4M 14.5M 0.0436 10.78 156.13M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.4725 USD

Us Solar (USF) Latest News

Us Solar (USF) Discussions and Chat

Us Solar Forums and Chat

Date Time Title Posts
15/1/202410:54US Solar Fund 31
27/5/200208:52Anyone using Universal Stock Futures?-

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Us Solar (USF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 14:05:430.489970.00O
2024-04-24 12:33:560.492,0000.00O
2024-04-24 11:13:460.462,7720.00O
2024-04-24 10:38:370.491,0000.00O
2024-04-24 07:01:290.491010.00O

Us Solar (USF) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Us Solar Daily Update
Us Solar Fund Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker USF. The last closing price for Us Solar was US$0.47.
Us Solar currently has 332,192,361 shares in issue. The market capitalisation of Us Solar is £156,130,410.
Us Solar has a price to earnings ratio (PE ratio) of 10.78.
This morning USF shares opened at -
Posted at 11/12/2023 08:31 by jonwig
Looking at Ecofin US Renewables Infrastructure Trust [RNEP} that one is also having operational problems, and has decided to wind up and return capital to shareholders.

USF is by no means an outlier.
Posted at 09/11/2023 16:09 by cousinit
HP - I do concur on this one and have nibbled at 40p.

Waiting for share buy backs to start with the cash on hand
Posted at 06/9/2023 15:25 by hugepants
At the risk of getting completely drowned out here amidst the relentless posts I bought some of the sterling denominated a bit higher up. On the face of it yield is 9.1% and discount is 35%

However it sounds like the dividend and NAV will be cut at next results this month. Question is by how much?


On the positive side they are going to implement a share buyback.
Posted at 15/5/2023 16:14 by apollocreed1
But can any of their cash flows improve if they are locked into fixed price contracts of greater than 20 years?
Posted at 14/5/2023 06:47 by jonwig
Sale process abandoned.

QD comment: [“It is always encouraging to see boards proactively trying to improve shareholder value; it is a key reason for why they exist in the first place.

However, while acknowledging USF has developed a persistent discount (it has been on a downward trajectory since 2022), we have struggled to understand why the board was considering throwing in the towel at this stage.

The US renewables market is well established and well understood and the US solar sector is also facing clear, near-term tailwinds thanks to a renewed focus on renewables under the current administration – President Biden’s inflation reduction act offers some US$370bn in renewable tax credits, and funds such as USF should be well positioned to benefit from this.

The board says that the discount reflects recent difficulties in the US solar sector, which is possibly why it has struggled to find private buyers willing to pay above the market price for USF’s assets currently. Given this, we are pleased to see that USF is off the market for now.

We think the board should now focus its efforts on getting the message out about the scale of the opportunity in the US and making investors aware of USF, which should hopefully help bring down its discount in time.”]
Posted at 25/4/2023 08:13 by jonwig
MS2 sale exercised:



Company sale process still ongoing.
Posted at 27/3/2023 07:26 by jonwig
FY results look fine, though nav making no progress;



This is the bit I'm interested in:

· In October 2022, USF's Board announced that it was undertaking a strategic review of the options available to the Company to maximise value for shareholders (Strategic Review) and that it expected to conclude the Strategic Review by the end of Q1 2023. The Strategic Review is considering all options available to the Company including a sale of the entire Company, a sale of the Company's portfolio assets, or changing the Company's investment management arrangements.

· Since the Strategic Review commenced the Board and its advisors have engaged with a significant number of parties and, following receipt of indicative proposals, have shortlisted several parties who have proceeded to the next phase of the Strategic Review process. In order to provide the shortlisted parties with the requisite time to finalise their due diligence and submit binding proposals, the Board now expects to update shareholders on the Strategic Review within the next six to eight weeks.
Closing the nav gap would be enough for me.
Posted at 08/2/2023 21:01 by 2wild
Price continues to drift lower. Added a few more in my SIPP at 82.08 cent this morning. Yielding 6.8% Or 8.5% Including the 25% sipp uplift.
Posted at 10/1/2023 12:30 by 2wild
NAV 30 September 96.7 US Cent.
Annual dividend 5.58c
At current 0.84 usd offer price, div yield 6.6% and 13% discount to NAV.
Posted at 11/5/2022 15:11 by charlesquark
I had a good look at USF because of their discount to NAV but in the end couldn't quite fathom why the shares sold at that price with the share price plunging. Also the spread on the £ shares was a bit wider than I would like to pay. In the end I settled for Next Energy Solar Fund which at the time was selling at par to est NAV and are concentrated in the UK. I also feel there is a political risk in the US if Trump gets back in, or one of his cronies. They don't believe in climate change and could withdraw subsidies. I feel uneasy about this stock.

As far as USF is concerned the following might be of interest and I think this possible dilution may be a further or indeed the reason for the drop in the share price. They have ticked up a little today


The Board and Investment Manager are conscious of the need to continue to grow the Company. The Company remains able to issue up to 63,834,636[1] shares without publication of a further prospectus under the relevant exclusions in Article 1(4) of the Prospectus Regulations. Additionally, the Company will, in due course and subject to prevailing market conditions, consider issuing a further prospectus and creating a new placing programme.
Us Solar share price data is direct from the London Stock Exchange

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