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Started: bilboburgler, 26 Aug 2021 10:08
Last post: bilboburgler, 26 Aug 2021 10:08
I'm going to assume that the board will be doing another funding round in November/December to coincide with COP26 do you reckon the offer price will still be half way between NVA 114 and Sp 129 or will the management be more aggresive this time?
Motley Fool reccomends buying the shares 5th August 2021.
Started: Temple_of_Doom, 21 May 2021 12:47
Last post: Temple_of_Doom, 21 May 2021 12:47
Taken divi and profits ..... left a few quid in .... will wait for the next placement to buy back in.
GLA
Started: Pip56, 16 Apr 2021 11:01
Last post: bilboburgler, 17 Apr 2021 11:59
I think it is worth talking about but I conclude it is background risk.
Hi - only the UK government ( under the Scotland Act 1998), can authorise another referendum. It has consistently said it will not do so.
With a massive majority why do people think it will allow a referendum?
OK there is a risk one will happen- one day and a further risk the country becomes independent and a risk they will nationalise TRIG's assets and a risk it will be done without compensation.
I can't quantify that - can anybody?
Well, 30% of assets suddenly going offshore - out of UK and EU regulatory jurisdiction - seems a little more than "low risk", particularly where the company investment policy is geographically restricted. The SNP Manifesto speaks of "The benefits of owning and developing our own natural resources" in specific regard to wind energy. Given their commitments to social spending and not increasing taxes they have to find a revenue source - the renewable sector must be on the target list?
"very high risk"
I'm not sure the SNP has demonstrated any heavy socialist leanings while nationalisation of assets would be a sure way of ensuring that no one lends to them (excl China). I suspect "low risk" but worth monitoring might be more worthwhile
TRIG has 30% of the portfolio invested in Scotland - on & offshore wind. Scotland as part of the UK has a stable regulatory and legal framework. TRIG also has a policy limiting investments outside of the UK and EU.
If the SNP achieve their majority next month the country will be steered towards an independence referendum in 2022. Lots of implications for TRIG but I haven't seen any discussion.... has anyone else? Scotland is listed within the TRIG Risk matrix but only in the context of Brexit.
All the evidence suggests an independent nationalist/socialist Scotland will be a fiscal and economic basket case. In this context the energy generation assets could well be nationalised to give the Scots leverage. This represents a very high risk to TRIGS operations and next months election could be a litmus test for a potential downturn in value.
Started: adv11, 4 Apr 2021 12:04
Last post: operastar, 16 Apr 2021 19:15
Too early yet unfortunately as Trig only seems to be interested in "mature" technology but hopefully in 1-2 years . after (hopeful) cfd's . I really need that for Simec Atlantis! It's going down the pan at the moment.
Would like to see them branch out into tidal. Hopefully included in next round of government cfds. Power is always predictable for the lifespan of the equipment.
Well the real story from Texas was that a fair bit more complicated. The facilities that failed were mainly driven by fossil fuels, the facilities that failed were not intelligently driven so one the power to pump CH4 was reduced so less CH4 could be burnt so there was less power (ad infinitum) and of course (apart from one small part) the Texas grid was completely independant so they had nowhere to go for warmer climate power. True the solar stopped but many of the turbines kept going with the famous photo of a helicopter de-icing a turbine was actually shot in Sweden. That they lacked hydrogen or battery power certainly didn't help and I see they are now dealing in a whole new raft of battery supply.
The problem that is worth focusing on is that of financial engineering inside a Trust. Their need to grow the fund size will mean a steady drop in share price so disadvantaging existing share holders. While that makes sense to the management (who earn ~1% of total NAV and therefore can see nothing wrong with this process) the rest of us see a bunch of disloyalty. I would be happier if management had some skin in the game and as the trust grows in size the fees reduced. Wishes... horses.
Good article probably because she is woman running a large company . To keep investing they have a constant need for funds , tapping shareholders each time only depresses the price .Time will tell but they need to back something really revolutionary that makes a difference . The experience in Texas a month ago proves the point , when it snows solar and wind don’t work .
Good link, there are further funding rounds ahead, she needs to find a way to run those actions while not letting the Sp drop. Plus she has to overcome the way the Sp dropped below the deal price for a couple of weeks. Nothing puts you off buying in a funding round like lower prices. Needs better advisors.
Started: bilboburgler, 13 Apr 2021 19:03
Last post: bilboburgler, 13 Apr 2021 19:03
Started: bilboburgler, 13 Apr 2021 19:02
Last post: bilboburgler, 13 Apr 2021 19:02
Started: Smartic-Midas, 7 Apr 2021 17:57
Last post: Smartic-Midas, 7 Apr 2021 17:57
Just waiting to see what happens here gl
Started: Gerry557, 1 Apr 2021 18:02
Last post: Gerry557, 1 Apr 2021 18:02
Still not sure why it fell further but its flirting back to the placing price. It even went above intra day.
I think Im only watching this as it dropped from the discount price in the first place and that I have just bought a chunk. I think its phycological wanting to see a rise just after you buy. Im really just after growing dividends, either by increased dividend amounts and or adding more shares.
Should give up and just look at dividend payment days not daily prices
Last post: bilboburgler, 1 Apr 2021 12:03
exactly
exactly
Well buying the good side of the trendline when its so far off would be good then. You might consider selling when it swings back to trend or deviates wildly to the other side of the trend.
I sometimes look as how many years dividends its increased by and if its getting above 5 then its on the sell watch list. I also like to buy when its fallen below 200 day average
Sorry I need to explain. Some people see share prices like a graph against time because that is what LSE etc show as their picture of share prices. Other people see share prices as a random number generator moving around a trend line. In that second scenario. The volatility is three standard deviations of movement away from the trending mean. In that case the size of the volatility is just so much larger than the trend that is only ever a short term hold.
bilboburgler
I'm not sure what you mean about "volatility" Share prices rise and fall. Do you mean you want to buy at a set price that it hasn't yet fallen too.
I was tempted to add more UKW on the recent fall into the 125s but TRIG was a smaller holding in my PF and was being added too at the time. Both quite similar so didnt feel the need to add both. This also pays out on my lower paying months of the PF so evens up the income round and balance of holding somewhat.
Divi due tomorrow to add a cherry on top.
Started: Edwina, 31 Mar 2021 12:31
Last post: Gerry557, 1 Apr 2021 09:10
You might be better spending a few quid on professional advice rather than asking online. Whilst most people are well intentioned, there is little information to be gain in a paragraph to make decent advice.
Tax positions, length of investment horizon, other commitments, future expectations and other financials. DYOR is great but sometimes its better to get sound advice from a specialist, even if you are going to ignore it. The savings might amount to more than the cost of the advice.
Well I suppose the usual suspects really. NG. Although there are other utilities. Pnn would have been another recommendation if it didn't have a cash pile to get rid of, so might return it to shareholders. SREI or RGL would be a Reits worth looking into which should get dividends tending towards normal.
Vod, selling towers. Gsk, splitting and reducing dividend next year. Av. Click on any and look at the lists on the same page really. Why not funds or ITs
You might like SRE. This is a holder of lease/rental office blocks/industrial units in Germany. Good base load as government offices are often based there but also manufacturing and design offices. Management tend to be well focused, company is in partnership with pension funds and the like on JVs. Shares based in UK and SA. Price heart beats based on regualar 1/4 dividend but with a nice gentle upward trend.
Would anyone be so kind to highlight other companies with similar constant revenue profiles with solid dividends? I understand UKW, GSF, GCP.
Can anyone recommend any other companies with minimum 5% dividends with little volatility, backed by solid assets that you like? The REIT sector has bounced fairly hard already. Im just looking to park cash in investments that are not moving much, yet paying solid dividends. Ive recently bought a couple hundred k of these on the recent drop and looking to diversify. Thanks a lot, and good luck!
Started: Alas_Smith, 26 Mar 2021 09:23
Last post: Temple_of_Doom, 26 Mar 2021 10:31
Trig seems to be a contra market indicator that is holding its own as CV19 collapses other shares ... so I buy in this sector when taking profits elsewhere and this sector is down .... and then reverse .... JLEN was my preference but jumped in here at 123 ish ... sold 125 with other shares taking a beating this past week taken profits and back in 119.4-121 ...
Lucky!
Politically, leaders around the world are keen to reduce hydrocarbon consumption from oil and gas for energy generation so it makes sense to transition portfolio structure to renewables.
The stated goal for TRIG Is to preserve capital value of holdings and provide long term dividends for shareholders. This suggests to me that this should be a dreadfully dull asset as ballast should markets turn bearish with a pretty stable, range bound share price, low churn of shares dealt and regular dividends thrown off.
I’ll probably continue to chuck money into this over the next few months to raise its value (to me) in my portfolio which, at the moment means averaging down because renewables is the future for energy production, but I prefer to average up thus endorsing my decision to invest in the first place. Had this been in say IT or Consumer Durable sector, I would press the sell button, take loss early and pick another winner.
Renewables is a new sector for me and an Investment Trust seemed the best way to get long term exposure. It does not excite me at all, my previous direct investments in early stage ventures have been a disaster.... GRPH and VLS
Started: bilboburgler, 11 Mar 2021 11:18
Last post: bilboburgler, 23 Mar 2021 15:45
No I have no fear about the price of electricity. Depreciation is only a book transaction and a way to reduce taxation.
I do have concern about the management charges which seem high and are set by "management".
There are two sides to the underlying business (as opposed to the capital structure and management fees).
Assets with contracts for difference (CFD), renewable obligation certificates (ROCs) and feed-in-tariffs (FiT)
Market exposed assets
The former assets have certainty on revenues for 15 to 25 years indexed linked.
The second set assets don't have that certainty and they are exposed to the underlying market market price.
The former set of assets become part of the second set of assets as their support payments fall off.
As time progresses, all of the assets will be generating revenues based upon market prices.
I am optimistic on market due to the CERTAINTY that:
The nuclear fleet will close as their lifetimes come up.
The CCGTs built in the 1990s and early part of this century will close as their lifetimes come up and higher carbon prices make the less efficient (and older) assets close.
New capacity, and renewables are part of this, have to make up the shortfall.
If you have concerns about power prices down the line, then I con understand your concern in holding this stock.
I don't have those concerns.
That the assets are depreciated is normal for any investment business. When the depreciation payments are completed, it just frees up more money to be released to shareholders.
It is an odd business. The only way it makes money is to buy yet more depreciating assets and then pay a dividend out of the income after maintenance costs and its management fees. So the only way it adds real value is in being skilled at 1) obtaining cash from banks, investment companies and retail investors, 2) diluting its managment fees, 3) reducing its overall maintenance costs and 4) getting more wind or sunshine
While I like the dividend I think it should be setting a more aggressive target to reduce its management fees.
Started: Bertiethebarrel, 9 Mar 2021 20:44
Last post: MikeM14, 9 Mar 2021 23:09
Thanks Bertie.
Yes, I've been watching both TRIG and UKW (Greencoat) for a couple of months now and, although there are differences (TRIG has solar, and a bit of storage, whereas UKW is just windfarms, and TRIG has assets not just in the UK), their share price behaviours looked at over 2 or 3 years are remarkably similar. They go in large waves, with very little long-term increase in share price, with the share price gradually going up at the beginning of the wave, then suddenly falling as another fund-raise is announced, then repeat all over again. You get about 5% dividend (depending on exact price you buy), then put money back into it on each fund-raise, which gradually comes back to you again via the dividend, which depending on circumstances (eg whether you have the shares in an ISA) you risk having an income tax (dividend tax) liability on. I bought some UKW today for my ISA, but it could quite as easily have been TRIG. Maybe I'll end up with both, and hope that their price "waves" happen at different times!
All the best, Mike.
Thanks Mike.
The reason I sold these was that, although not my worst portfolio performer, I wanted to sell some stock to top up RMM where although it may be deemed a higher risk to capital, the upside could be very good. I haven’t really a clue what I’m doing technically but investing post the COVID crash was a no brainer and made me a very good return. Thanks again and good luck.
Hi Bertiethebarrel,
It probably means "subscription shares", which were your entitlement to subscribe to new shares in the company as it is raising more capital and existing shareholders are being given the opportunity to take part. The entitlement date was apparently 3 March, when you still had your shares.
It's all detailed in their announcement here (but you'll probably need half an hour to read and understand it all!):-
https://www.lse.co.uk/rns/TRIG/publication-of-a-prospectus-and-circular-yfxtwqbjohjr1sx.html
I don't currently have any TRIG shares, so didn't read the announcement in detail, but am considering investing and as a result am following their corporate developments reasonably closely.
Out of interest, and if you don't mind me asking, why did you sell yours?
Rgds, Mike.
I have just looked at my bank shares portfolio and noticed TRiG that I sold all yesterday was still there with 400 shares of no value. It says something about issue of sub shares. This is a first for me being inexperienced with shares. Thank you if you can help.
Started: Taomee79, 5 Mar 2021 21:04
Last post: Copout, 9 Mar 2021 18:37
Why bother? It's a way of acquiring more stock without paying broker commission. Every little helps!
Because buying in volume will push the price up.
I certainly will not bother, can't see any reason to.
Will they get this away? It's already trading at 123p. Why take up the offer when there's every chance you can get them cheaper in the market?
Started: Richard08, 18 Feb 2021 16:12
Last post: Temple_of_Doom, 5 Mar 2021 15:55
That's good enough for me ..... bailed JLEN ex divi back into Trig.
And I've always taken them as scrip. There used to be a tax advantage over cash though I'm not sure that's still the case. But over time the scrip build up can be significant and it means you're not paying broker commission nor the spread to acquire stock.
Neither ..... wait for 123p .... precisely why this share is hard to invest in .... Trig needs to do one big fund raise these relatively little cash raises hit the share price wait for the bottom ... buy the recovery then sell and wait for the next cash raise ... stupid.
Whenever there is choice of paper or cash, I have ALWAYS taken any dividends as cash.
https://www.proactiveinvestors.co.uk/LON:TRIG/The-Renewables-Infrastructure-Group-Limited/rns/935783
anyone else seen this? Any thoughts? I'm on Trading 212 - they'll never be able to handle this!
Started: MarkBellUK, 15 Jan 2021 10:56
Last post: Alas_Smith, 12 Feb 2021 08:53
Seems that it is a Swedish one, Gronhult, to generate 67 MW.
Is this the wind farm you mentioned?
https://citywire.co.uk/wealth-manager/news/renewables-trig-spends-big-on-scottish-offshore-wind-farm/a1450597?
Apparently not
I thought this was good news????
Started: Jet7, 10 Feb 2021 17:46
Last post: Jet7, 10 Feb 2021 17:46
Quite frankly, what’s the worry about the price when it drops. Sit on it take the dividends, every dog has its day, it will advance again. Let’s face it this is the future!
Started: MarkBellUK, 10 Feb 2021 16:27
Last post: MarkBellUK, 10 Feb 2021 16:27
Ex Divi was tomorrow...we were just getting some momentum in-between the mm daily squeeze?
Started: Seaking1, 25 Jan 2021 10:52
Last post: Seaking1, 25 Jan 2021 10:52
I will be buying just after the next share issue which will probably send the sp down .
Good long term hold.
Started: BittenTwiceShy, 3 Jan 2021 15:50
Last post: BittenTwiceShy, 3 Jan 2021 15:50
https://qz.com/1950381/the-case-for-producing-way-more-solar-energy-than-we-need/
Presumably the same argument can be made for wind energy.
Started: Jet7, 9 Dec 2020 18:15
Last post: Alas_Smith, 21 Dec 2020 11:27
Depite my aversion to windfarms and, what feels like smug reverence for everything David Attenburgh says, there is no reason why I should not make money from this and other companies/investment trusts in this sector.
I am making some changes to portfolio increasing risk medium high to high. My reasoning is simple; major economies in order to prevent collapse will be throwing a wall of money into the markets, that is good for equities. With a change of President in USA, the world is likely to have at least 4 years of more predictable government. More often than not, the Democrat party inherits a recession but over the 8 years in office markets rise very strongly. Vaccine will be rolled out, but the game changer will be the traditional AZN type that had not yet been approved. It is highly unlikely that the majority populace in UK will have received vaccine until at least the end of Summer and quite possibly late autumn.
Whether there is a brexit deal or not on 1 January, the expectation is that WTO terms will exist between UK and EU. Certainty is good for markets. Hot sectors, or at leaste those that are in focus now include technology, healthcare and environment. I do not buy shares with the intention to break even.
Great entry point Alas IMHO...it may pull back a little given the current turmoil
Even the market markers have stepped back on this today which Ive not seen for months
Good morning. I have dipped my toe in this morning putting a RDSB dividend to work. I have got to be honest in that I am a fan of big oil, having held shares in Shell for over 40 years, but I am also a realist in that change is happenning, albeit slowly. Seems a good point of entry.
125 within strike distance and the new shares come to market in a few days, then expect a little turbulance and I hope higher figures going into the new year
Decided to buy in on the thought process we are in for a prolonged period of unstable markets. So many issues out there. I personally believe the markets are getting above themselves. Very happy with £1.26 share price but there seems little confidence around in TRIG at present but I’m sure this will change. In for the long term!
Started: dalius, 23 Nov 2020 15:35
Last post: bilboburgler, 1 Dec 2020 17:00
looks like the 125 opportunity is dropping away now, how is the MM spread across level 2?
Because of the new institutions in play the MMs at out-of-the-control loop at the moment and will probably be so until the 14th, when their figures drift apart you will see retail players having more influence. That is why you are seeing what you are seeing.
MM games are nothing new, but on main board a lot harder than on AIM ... what has the Investec hedge fund order book to do with it >
Well Fara just be warned the mms have got this locked down at the minute. I dont think Ive ever seen an order book like it NUMIS JEFFERIES INVESTEC LIBERUM JPMS with a spread of 0.4p on either side of the book, large volumes (100k 50k)
Interesting observations and looking both at the charts and scrip-dividend alternative, there seems a decent probability the SP will rise to circa 132-136 range by the end of the year. Looks like about half of the dilution is already priced into the SP, and that may be about it short term. The acquisition will increase Net Assets and the much bigger credit facility will reduce future market noise and allow faster flexibility. The last truly substantial rise was from Jan 19 as some large acquisitions were made. With the credit line and possible business distresses that will occur I wonder if some bargains are being eyed up ?
Just a point to buy in and how close to 125 or lower can I get ... mmmmh
Started: oldabutnowisa, 23 Nov 2020 17:51
Last post: oldabutnowisa, 23 Nov 2020 17:51
If this issue makes these go soft, it may be a good time to add to the portfolio.
Started: oldabutnowisa, 23 Nov 2020 17:49
Last post: oldabutnowisa, 23 Nov 2020 17:49
I have a bit of cash coming from a takeover and if the market in these