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To provide investors with long-term dividends while preserving the capital value of its investment portfolio through investment principally in operational assets which generate electricity from renewable energy sources.
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Started: deepjoy, 19 Apr 2024 15:56
Last post: Shaun_LSE, 1 Jul 2024 12:42
What is going on? Did they pay off a load of liabilities? PE ratio of 569.00 for dec 23 quarter. EPS 0.2 from 21p. otal Non-Current Liabilities to 1.80 from 16.80 million.
No expectation of cuts to the dividend, so if you reinvest dividends, the lower price means you get more and more shares.
Testing all time post Brexit lows of 2016. It's setting a new low marker for recent times, escape velocity all the more difficult once you get mired. The chart is beyond dreadful, a d charts can ve more predictive than fundamentals.
...and in a bad market to. Shoudl hear about Divi next week for early May.
Three years ago the price difference between TRIG & UKW was approx 1p, today it stands at 44p! Can I suggest TRIG cancels its cosy and useless agreements with both its advisors RES and INFRA RED , once this is completed can I also suggest the board also resigns en mass and passes over the running of the portfolio to Greencoat.
Hopefully this will also help rejuvenate the dividend which has also suffered unbelievably just like the share price.
Started: stewart1964, 26 Mar 2024 20:08
Last post: stewart1964, 26 Mar 2024 20:08
It would be very informative to know what the real issue price of shares in circulation was. They started with 300m in 2013 but nearly all the shares in issue are ones released on sub ipos ( probably in the range of 110 to 130) and accretive to the nav. So far from being just shy of issuance they must have actually fallen some 20% or so not allowing for dividends. If there was a way of ascertai ing an average issue price it would be another useful tool in determining value now.
Started: deepjoy, 25 Mar 2024 10:29
Last post: deepjoy, 25 Mar 2024 10:29
Started: Hardboy, 3 Mar 2024 09:46
Last post: stewart1964, 25 Mar 2024 09:00
Put my money where my mouth is and went for for a first tranche of 10k at 98.14 just now. Pound cost averaging in with the volatility. Btw, having studied the results I can see the fixed price element of energy is somewhat over 50% in the near term.
All the brokers are at hold or buy. But the Market ( at a 23% nav discount) has other thoughts. My concerns are the for the energy being sold on the open Market and not fixed . About 50%, I think? Nevertheless I'm looking to buy, and surely both interest rates are topped and energy prices closing in on a bottom. You'd think further nav downgrades were limited.
Last post: stewart1964, 19 Mar 2024 19:26
Results seems fairly transparent, 7p down on nav 7p paid out and hence a clear accounting balance of zero profit and no off balance sheet jiggery pokery( it's something like a p/e of 500 which makes sense)Disappointing that there was no surplus dividend cover ladt year. Haven't got any of these just down, but any opinions on whether we are at the bottom on nav downward adjustments, which could again give a shocking price to earnings ratio and is there likely to be better cover on dividends in 24.
Result presentation well publicised
join investormeetcompany
This is the email I got about it. Should still be available as a recording.
"This is a reminder that THE RENEWABLES INFRASTRUCTURE GROUP LIMITED will shortly be holding the meeting Full Year Results at 2:00pm.
To join the meeting, click on the button below to accept the meeting invitation.
Accept
Should you have any questions, please contact support@investormeetcompany.com.
Looking back it appears some presentations are done days after the event. I wonder if I have complained about these before.
I don't know why they can't do what most other companies do. Are we second class.
I couldn't see a mention, but it may appear on the investormeet site soon or on youtube.
Started: deepjoy, 22 Feb 2024 11:40
Last post: deepjoy, 22 Feb 2024 11:40
Great to see the SP above the divi rate...
Started: deepjoy, 20 Feb 2024 12:04
Last post: Evanescent, 21 Feb 2024 11:34
People piling in to beat ex-dividend date....expect an equal fall tomorrow.
Nice bounce
The seller has been a hurry ... might be cleared
Started: Follow, 16 Feb 2024 12:49
Last post: Gerry557, 19 Feb 2024 08:35
Adding to the list, SSE renewables had a poor year so the same likely here. Difficulties with connecting to the national grid. Solar and battery issues with back up supply with a preference for alternatives. This might be resolved next year. Windfall taxes.
So quite a storm all happening at once. There is a likely hood that all these things might reduce in time but until then I suspect the sp will be down. So when will it start to normalise probably before things do get better but how close are we to the bottom
The share prices of all renewable energy and infrastructure trusts have fallen. Higher interest rates are sucking liquidity out of the market and the broad money supply is contracting. Government bonds are soaking up the available cash. Things could change pretty quickly when interest rates start falling.
My take is that the market is pricing in a lack of investment or incentives from the likely Labour government who will be skint.
My guess is the fall in forward power prices as gas prices come back down from the crazy highs of the last few years.
I am struggling to see why the fall is continuing. I would have thought the dividend yield being well over bond yields would have stopped the fall Any ideas anyone?
Started: stewart1964, 12 Feb 2024 17:03
Last post: Gerry557, 16 Feb 2024 12:23
Ex-div date Payment date Amount
22/02/2024 28/03/2024 1.795p
There is an RNS that covers it
Discount approx 25% too
What is the script price? If its above current market then that is why or that new shares will be issued at a discount deemed too much for the board so its better to do cash only.
Anyway I have topped up on these under a quid
Could someone explain why the scrip is considered detrimental to shareholders electing for it due to the large discount to NAV, please? My understanding was it is a good idea to buy shares at a discount, so I am unclear what this is about.
Many thanks.
The signal is stay in cash. Hopefully sentiment will be buoyed by results and the acquisition of FIG energy/battery storage co. https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=TRIG.L
They announce the dividends and results separately. The 2nd dividend was announced 3 days before the interims. Last year finals were announced on 22nd Feb, and the dividend announced on 2nd. This year the results will be announced on 28th. So it looks like they announced the finals on the last Wednesday in February. I guess the dividend will be announced any time between now & 28th.
Started: SlickMongoose, 15 Feb 2024 09:33
Last post: SlickMongoose, 15 Feb 2024 10:36
There it is... maybe they saw my post.
Https://www.trig-ltd.com/investors/calendar/
Q4 dividend announcement was supposed to be today?
Last post: CentralBanksSuck, 12 Feb 2024 11:30
Once TRIG reports new results the UK windier weather should increase the number of KWh's generated by TRIG, and thus should be good for the share price.
However on the negative side wholesale UK electricity prices seem to have halved since last year.
Not sure how this will pan out in the financial results given TRIG gets Renewable obligations etc regardless of the market elec price.
https://www.catalyst-commercial.co.uk/works/februaury-2024-energy-market-brief/
Frustrating owning multiple alternatives and being overweight in renewables hasn’t been the best in terms of capital destruction. Long term view/foresight needed. Inflation linked Divi rises.
Annoying as it is with the mantra of wanting to go green and seeing current share prices sold down ....
Every month I’m adding as much as I can afford across the sector. Makes sense to me and it’s a large source of income for a decent pension....rapidly approaching.
For those into UAP/UFO reverse engineering.
If any alternative energy sources come out through cough cough UAP disclosure, well that changes everything, however I don’t think the Elite will let that happen anytime soon.
:-))
As others say, inflation up, interest rates have to go up so the "utility" of this share goes down. Hence the share price goes down.
Now would be the time to buy if you think inflation is coming down. See also other forms of pseudo-bond.
Anyone know why the sp keeps falling? Is it simply oil goes up renewable goes down?
Started: spindok, 9 Feb 2024 14:23
Last post: Hardboy, 9 Feb 2024 15:30
We've had low interest rates for such a long time that I got caught out when inflation and interest rates began to rise. as they go up, bond yields go up, so bond prices go down. I knew that. But Bond Proxies also go down. These are equity investments seen equivalent to bonds. This is very much a bond proxy, so whatever the fundamentals say, it will still go up and down in synch with bonds.
I have a number of investments in wind farms,solar, infrastructure and they are all doing abysmally. The dividend simply gets deducted from the sp and hey ho the race to bottom continues. Seems to me a long the way some suits make a tidy sum. Now that our beloved leaders have nearly wrecked the north sea oil companies they are now beginning to waffle over the rest of the energy sector... You invest and we will cut........Blue or red green or yellow.. The stench and waffle are over whelming
Last post: Pedrobull, 9 Feb 2024 09:49
Agreed and the net dividend is well covered at 1.6x
Dividend
The Board has set the dividend target for 2024 at 7.47p per share, representing a 4% growth on the 2023 dividend. This increase reflects strong cash generation, but also recognises inflation has reduced materially from its peak and that future cash flows are expected to be moderated by reductions in power prices (with average forwards for 2024 lower than wholesale prices seen in 2023 across TRIG's markets). Maintaining healthy dividend cover provides the Company with optionality to fund organic investment in the portfolio to enhance total returns for shareholders.
Published NAV at 31/12/23 = 127.7. I doubt it's gone down much since then. Share price 101. Ridiculously large discount.
Started: Pedrobull, 22 Dec 2023 20:21
Last post: Pedrobull, 22 Dec 2023 20:21
Https://www.trustintelligence.co.uk/investor/articles/fund-research-investor-trig-renewables-infrastructure-group-retail-jul-2023
I have 12,000 shares bought in March 2021 and down £1,207 on capital having last topped up at 118p however had £1447 in dividends and due £215 divi next week.
GLA
Started: spindok, 10 Oct 2022 11:43
Last post: Paul2566, 10 Nov 2023 08:44
Bought back in at last. 8669 shares at average (including fees) of £1.0381.
It was between this and PHP which I already hold, but wanted another stock to go with my UKW, FSFL, NG., and SSE in this broad sector.
It was the apparant discount to NAV that swayed me, and hopefully locking in the current yield while I wait for sentiment to improve.
Hopefully I will hold this forever this time, at least thats the plan, although that was the plan last time and I only held it for about 2 years prior to selling.
As most of the capital here was raised from sub ipos as high as 130p..it's getting to the stage that if you had invested pro rata from the initial offering and subsequent sub ipos you would be looking at a woeful return including dividends. Indeed if you had missed the initial share price surge and then continued to invest in the sub ipos you are almost certainly looking at a loss atvthsws distressed levels.
Well I got lucky, could have gone the other way, but with hindsight it was a good move. I really want to get back into this as I believe TRIG will be good long term. However I just don't understand why this seems to keep drifting down. I will buy back in, it will probably cost me more to wait but for the moment I'm just watching.
Looks to me as though the dip here has been strongly bid, with buyers setting the tone now. I expect to see this consolidate in the 130p-140p range that it held for several years previously.
ToD
Well I followed suit today, sold at £1.3017, it wasn't a big holding, only 9703 shares, but I'm fairly confident I can get back in at £1.25 or lower to increase my holding by a few hundred shares. I'm still holding SSE and UKW in larger quanties so I shouldn't miss out on the sector entirely if I've made a booboo, and I've managed to make a few quid on TRIG, if I include the dividends, its quite a nice return.
I don't normally trade, but at the moment it looks prudent to take a little risk with the odd stock here and there.
Started: Gerry557, 6 Oct 2023 07:07
Last post: Gerry557, 6 Oct 2023 07:07
My last top up wasn't the bargain I was looking for. Having some EPIC holdings that are being bought out, I decided to switch some funds in here at a pound and a penny as they have dropped a bit compared to waiting for the EPIC shares to be sold. The rest of the funds will go towards UKW and NG.
Started: RJ_the_engineer, 21 Aug 2023 09:29
Last post: TerryM1, 22 Aug 2023 08:41
The price of €25m represents a 26 per cent premium to the valuation of the wind farms as at 31 December 2022.
https://www.insidermedia.com/news/ireland/investment-firm-sells-trio-of-wind-farms
I guess the price is being held back but Treasury yields which keep rising.
Selling 0.035GW of ageing units in return for €25m doesn't seem a bad idea. Considering the portfolio currently covers 2.8GW this is essentially rounding error. Shame the price is still such a discount at the moment, but maybe time to lower my average!
Started: spindok, 17 Aug 2023 11:21
Last post: spindok, 17 Aug 2023 11:21
Very depressing. Every where you look there seems to be problems. Living in the digital age where news is almost immediate it is plain to see our planet is led by morons... There are thousands more morons who are happy to be led by them...!!
Started: Richard08, 20 Jun 2023 15:38
Last post: stewart1964, 17 Aug 2023 09:02
Shocking wage (record raises)and inflation data.( record service sector inflation, unchanged core), plus the spectre of a Labour Government in 2024 killing the price now, sub 2017 ( Covid crash aside). And heck you may well be able to get 6.5% risk free on a bond soon. Boe will have to keep raising, forget the hype on yesterday's CPI drop, the figures were beyond dreadful. I guess BBC journos with their big mortgages were clutchimgvst straws touting 6.8 as a success. Look at Core and Wage inflation.
I prefer Jlen only because it has a broader base of assets albeit smaller and seem to be conscious of not overpaying for assets. While interest rates rise share prices could well drop to compensate but my biggest concern is that government finds a way to tax to the max. I don't pretend to understand how the electricity pricing works though gather it's based on the gas price and govt are looking at decoupling, which could knock the profits and therefore dividends. Of course the knock on effect would also be fewer new renewables projects as firms won't then invest.
Added at 118p steady & growing income and potential for capital growth
There is no obvious as that's already in the price, it always is.
There is a trend though where safe dividend yielding REITs or Investment trusts and the like have been sold down.
There is no alternative (TINA) has gone as we now have risk free (but taxable) cash deposit accounts.
TRIG has growth albeit slow on its side, slow and steady win the race.
Now that rates have been hiked again by 0.5% as expected. The Share price has fallen as expected. I marked another buy under 110p.
Unfortunately there was a faff crediting my account but eventually added another tranche at a smige over 110.
I'm not sure where the bottom will be or how long it will take to turnaround but thought it was worth a go.
I'm off to hide from the tinternet just in case it keeps falling. A quid anybody?
Started: BillBursio, 23 Feb 2023 16:18
Last post: Uncle_Doug, 19 Jun 2023 14:01
Bought some of these today. Good divvies. Fingers crossed.
17-Mar-23 16:35:26 125.80 1,181,735 Buy* 125.80 126.00 1m
A big buy order at 125p!
Glad I topped up at 121 and 120p!
LTH GLA!
Fear index is off the charts.
Be greedy when other's are fearful!
Now an unbelievable 37p difference in share price between TRIG and UKW. Something within the company needs to change here with the share price down like this.
Proabably not gerry, i dont remember it anyway
Started: Gerry557, 13 Mar 2023 09:20
Last post: Gerry557, 13 Mar 2023 09:20
I couldn't wait for the 118s so bought some more this morning as Im going out later. In hindsight I should have probably used a limit order. This I have done for a potential LGEN addition. Ill check tonight how that goes
Started: BillBursio, 23 Feb 2023 20:47
Last post: Shaun_LSE, 24 Feb 2023 10:06
Probably a hedge/pension fund or investment group had a buy order there.
Can anybody shed any light on the £3m worth of shares traded at 129.60 after the market closed, at 16:51. That's quite a big number.
Started: Follow, 22 Feb 2023 08:48
Last post: Jet7, 23 Feb 2023 10:12
Are you sure, share price now lagging 30/32p behind Greencoat having been virtually at parity 18 months / 2 years ago, plus a 5% rise in the dividend against UKW 13% rise.
I’d suggest the board need to have a hard look at themselves along with the companies advising them. The share price other than a few spikes and lows has remained at this level for far far too long.
Definitely a good set of results. I imagine the ‘boring’ nature of this one doesn’t get people’s blood going… the possibility of a windfall tax hangs over TRIG for many would-be-investors perhaps. But if that doesn’t materialise the the sp will bounce for sure.
picked some more up, never going to get exciting but...
No one yet this morning seems to have noticed these good results