LuniHYP250: Year 8 review

[idpickering]

Have sold SSE for that reason, and will at some point be unloading NG as well.

Yet on the other hand these two along with the likes of UKW and FSFL will be leading the UK's charge to reach net zero emissions by 2050. Swings and roundabouts. I'll have your shares please, if you have any more to unload?

Funnily enough, I said to my wife yesterday, "why buy UKW when SSE, which I hold already, is getting more into wind turbines anyway?"
Having said that, I think I will more than likely bring UKW into my HYP fold soon. Should I buy into UKW, I'm certainly not selling something else to free up some dosh, it'll be new money, and may take a little while to bring them up to a 'full holding' status. I'm ok with that.

Ian.

[MDW1954]

Have sold SSE for that reason, and will at some point be unloading NG as well.

Yet on the other hand these two along with the likes of UKW and FSFL will be leading the UK's charge to reach net zero emissions by 2050. Swings and roundabouts. I'll have your shares please, if you have any more to unload?

Funnily enough, I said to my wife yesterday, "why buy UKW when SSE, which I hold already, is getting more into wind turbines anyway?"
Having said that, I think I will more than likely bring UKW into my HYP fold soon. Should I buy into UKW, I'm certainly not selling something else to free up some dosh, it'll be new money, and may take a little while to bring them up to a 'full holding' status. I'm ok with that.

Ian.

Ian,

Two further data points:

* As I pointed out a few months back, SSE is selling wind farms, and UKW is buying them from SSE. So UKW is the purer wind farm play.

* To understand the regulatory regime and UKW's net asset value calculations, read their annual reports. I do mean that. Read the last two, very closely. I believe that you will find them very reassuring.

MDW1954

[idpickering]

Yet on the other hand these two along with the likes of UKW and FSFL will be leading the UK's charge to reach net zero emissions by 2050. Swings and roundabouts. I'll have your shares please, if you have any more to unload?

Funnily enough, I said to my wife yesterday, "why buy UKW when SSE, which I hold already, is getting more into wind turbines anyway?"
Having said that, I think I will more than likely bring UKW into my HYP fold soon. Should I buy into UKW, I'm certainly not selling something else to free up some dosh, it'll be new money, and may take a little while to bring them up to a 'full holding' status. I'm ok with that.

Ian.

Ian,

Two further data points:

* As I pointed out a few months back, SSE is selling wind farms, and UKW is buying them from SSE. So UKW is the purer wind farm play.

* To understand the regulatory regime and UKW's net asset value calculations, read their annual reports. I do mean that. Read the last two, very closely. I believe that you will find them very reassuring.

MDW1954

Thank you very much for your informative reply. I most certainly will investigate UKW closely.

Ian.

[Arborbridge]

Funnily enough, I said to my wife yesterday, "why buy UKW when SSE, which I hold already, is getting more into wind turbines anyway?"
Having said that, I think I will more than likely bring UKW into my HYP fold soon. Should I buy into UKW, I'm certainly not selling something else to free up some dosh, it'll be new money, and may take a little while to bring them up to a 'full holding' status. I'm ok with that.

Ian.

Ian,

Two further data points:

* As I pointed out a few months back, SSE is selling wind farms, and UKW is buying them from SSE. So UKW is the purer wind farm play.

* To understand the regulatory regime and UKW's net asset value calculations, read their annual reports. I do mean that. Read the last two, very closely. I believe that you will find them very reassuring.

MDW1954

Thank you very much for your informative reply. I most certainly will investigate UKW closely.

Ian.

An IT at a premium of 9.9% I would not normally countenance, but I guess this is not in the same bracket. I noticed something that struck me as interesting: on Key Info on the HL site, the risk factor is 4. I was looking at the risk factor for an ETF yesterday (VWRP) which invests in 3500 companies global and is given a risk factor of 5. Whodof thought it? (sic). Investing in a company investing in windfarms is apaarently less risky than 3500 shares in the world's biggest companies - ugh?

If I had spare cash, I would be interested, even so.

Arb

[funduffer]

It feels like 'a good thing' but I am very chary of anything that depends on govt subsidies or is subject to regulator interference.
Have sold SSE for that reason, and will at some point be unloading NG as well.

V8

Coming back to UKW, the risks are the cost of electricity and the cost of maintenance. The latter is probably fairly predictable, but anything that rotates in a hostile environment is going to need maintaining regularly! I read something recently about problems with off shore turbines and their cables, so there are probably some maintenance cost unknowns.

FD

As at 30 December 2020, 70% of the wind turbine portfolio was onshore, not offshore.

MDW1954

That's true, but going forward, surely that ratio is going to change to favour off-shore, as that is where all the wind development is now. If UKW is going to continue to grow, then they will have to take on more off-shore sites.

[Dod101]

What a discussion re the difference between an investment company and an investment trust and the investment merits of windfarms onshore or offshore have to do with LuniHYP250 review I am not sure, but I assume we have now cleared up the matter of investment companies and investment trusts. An investment trust is just a particular form of investment company which complies with certain edicts, mostly to do with distribution of its revenue in return for tax concessions. They can hold the same assets if they like.

Personally I dislike anything too specialised and am more than happy to hold SSE and National Grid. They are both into renewable energy but have the happy knack of generating sufficient capital for their investment requirements without having to come back to shareholders every year or so for more (and what is more, often diluting the private shareholder)

Dod