Re: TRIG - share issue and future dividend guidance
Posted: November 28th, 2020, 11:15 am
I don't have an issue with the placing, just that the price was too low and no pre-emption rights. Hence why the placing was oversubscribed.
The SP on the open market eased back a bit more towards the close yesterday, finishing at 125.80p.
Having offloaded my holding a couple of weeks back, I am pondering whether to buy some more at the new lower price.
I sold because there seems to be limited upside (in terms of capital appreciation) with these renewables and whilst the dividend is good, they trade at significant premiums to NAV. They often raise more funds and dilute the SP as they evolve. TRIG does hold a variety of energy sources (wind, solar and even some storage), which I like. Future movements in the price of energy also need to be considered. So for me, the jury is still out on this one.