We’re gradually being owned by other countries, particularly the US, on our path to becoming a developing country, that serves others with minimum wage jobs. |
1. Because they have been developing assets.
2. Who cares about insiders when commercial buyers are taking up assets at nav, or whole funds at much closer to nav than the stock market?
Blackstone goes alone for Warehouse REIT at 115p, Drax steps in front of Foresight for HEIT. Just the last 2 days of the London market looking moronic / incapable of reasonably pricing hard assets. |
Considering its low gearing, huge discounts, why no buybacks while every other green IT is doing it? Also notably very few buying from insiders across the green ITs despite they are all on wide discount to nav. Are the insiders right with their own money or with their made believe nav? |
Large aggressive seller, been offering 500,000 at slightly above the bid for last few days.
How low will they go to find buyers...
Are Rathbones/Investec shareholders, they are dumping many other IT's where they are overweight post merger. |
Yep - a good place for conservative orders. 53p gradually got hit for me today, I guess on private sellers as they were small deals. Seems to be close to the bottom, but one never knows. |
Yes I've been adding. It looks a bit bonkers down here on an 11% yield. You'd have hoped the recent statement dismissing the effects of Trump's tariffs would have supported a price.
FGEN is also on a near 11% yield at 71.5p |
Very quiet here, am I the only one filling my boots!
NAV 103p, Dividend 5.8p and very low gearing. |
I guess that is a perception of what larger shareholders would like to see to pass a continuation vote rather than a house view? I'd rather keep the income stream over the long term and have the discount close naturally. Of course if there is a shorter term gain instead then so be it :).
N.B. He is assuming rates will stay high, but I'm not sure that follows if the US goes into recession. Sterling strength gives BoE scope to be a bit easier. |
The MIGO view ie Nick Greenwood's, which I believe is rather short termist and likely value destructive... |
Ex div date is 6th. |
Bit of a jump in the share price today.
But Mex tariffs now due to start tmrro.
So perhaps nerves have been calmed re possible impact on ENRG. |
Webcast accompanying last week's update - plenty of detail: |
Very true hpcg its uneconomic to run fertiliser plants in the UK due to astronomical electricity prices which used to be the main producer of food grade CO2 ,VH seems to have a nice little earner with this unit 2 streams of income .Do like the diversity here with not being UK reliant . |
The CCR RNS rightly emphasises that the CO2 captured is itself a valuable commodity in this country.
The development risk continues to decline as projects come into operation. I'm a very happy holder and accumulator. |
Looking good imo. NAV down to 103.2p. Dividend up slightly to 1.45p per quarter. 10% yield and a 44% discount to NAV.
Flexible power project update |
NAV update and dividend announcement on Friday then. |
I'll be voting for continuation because that makes me more money over the long term, but to an extent in the don't care camp. By 2026 one would think Gilts would be considerably less attractive, though when are they ever attractive? I metaphorically weep for my former colleagues that left their defined contribution pots in the default "lifestyle" selections. The cure to a price rebound here is more private investors entering the market. What MIGO should be lobbying for is a cap on cash ISAs; it would help itself and its holdings. |
Yep - not very subtle |
 Turning hostile-ish:
"VH Global Sustainable (“ENRG”) detracted 0.7% from the
fund’s returns during January. The trust has a portfolio of
sustainable energy assets such as hydropower in Brazil
and battery storage in Australia. While the company’s 50%
discount is largely due to external headwinds, we believe
the managers have also made some strategic errors."
"Increasing bond yields have put pressure on alternative
trusts such as ENRG where investors have returned to
more traditional sources of income, such as gilts. The trust
is also sub-sized for many managers with the market
capitalisation standing at a little over £200m and a
concentrated share register means liquidity is poor. A new
investment in Spanish solar late last year, made despite the
trust trading on a sizeable discount at that point, has left
the managers with little firepower for buybacks. More
recently, Trump’s tariffs have cast a shadow over the US
Terminal Storage Assets which aim to reduce sulphur
content in Mexico’s supply chain. Despite these
challenges, we see an opportunity in ENRG, noting it is due
to hold a continuation vote in early-2026." |
That was a very useful update and educated me. i did not realise that the terminal was for the bottoms of atmospheric distillation, I thought it was raw heavy crude. This makes tariffs almost irrelevant IMO, as the update says. |
Company's initial evaluation of the impacts of the tariffs indicates that they believe they will have limited effect |
Yep - it's been brutal - I'm not sure it'll be a quick recovery given that trade tensions are going to persist for quite some time I fear But at some stage it has to be an attractive PE target I'm sceptical that Trump will ultimately do anything that risks Americans paying more for their gas |
I thought I might have managed to buy near the low last year so was intending to top up as it rose gradually ! |
US and Mexico reach deal to put tariffs on hold - for now
This is down a whopping 21% since the beginning of the year. You'd expect at least part of that to reverse now. |
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