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Investing in Green Infrastructure Funds (ITs)

Stocks and Shares ISA , Choosing funds for ISA's, risk factors for funds etc
Investment strategy discussions not dealt with elsewhere.
BrummieDave
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Re: Investing in Green Infrastructure Funds (ITs)

#280948

Postby BrummieDave » January 29th, 2020, 6:04 pm

JLEN has confirmed a reduction in NAV. This is covered in a 5.21pm article over at Citywire titled "Risky Renewables: JLEN cuts valuation on power price fall".

Still a 'hold' for me.

PrefInvestor
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Re: Investing in Green Infrastructure Funds (ITs)

#280964

Postby PrefInvestor » January 29th, 2020, 6:44 pm

supremetwo wrote:The percentage reductions in share values quoted by PrefInvestor have been exceeded in many other sectors.


Well actually I didnt quote any reductions, merely referred to the citywire articles that threatened doom and gloom.

But some ARE quite significant

BSIF has dropped from 145.5 on Friday 24/1 to 135 today (-6.5%)
UKW has dropped from 147.2 on Friday 24/1 to 140.8 today (-4.3%)
JLEN has dropped from 123.1 on Friday 24/1 to 117.5 today (-4.5%)

I could go on, but you get the idea. And every single renewable energy trust is down, even ORIT the new one. TRIG is the least affected but even that has dropped about 5p, make that 10p from the start of the year.

Now I repeat my understanding of the situation is as quoted by somebody else from that JLEN RNS earlier, that most of their income is secured by long term subsidy schemes (and indeed is inflation protected). Though this situation will steadily change as they all move to subsidy free assets - which they will have to if they want to expand. And I'm also not sure I believe the statements that the wholesale electricity price is going to fall radically either, certainly not true of the electricity thats going to be produced by Hinkley Point C. And are all our electricity bills going to start drastically reducing in future years, I for one dont believe it.

Good luck to those of you who are hanging on to your renewable energy investments. I am sorry to have sold mine, but I'm not prepared to give up my capital gains if the share prices of these trusts are going to start going south significantly. There are many other places to invest at a decent yield ATM.........

Oh and I dont believe that this drop is anything to do with the virus scare myself.

ATB

Pref

BrummieDave
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Re: Investing in Green Infrastructure Funds (ITs)

#280991

Postby BrummieDave » January 29th, 2020, 8:07 pm

PrefInvestor wrote:
Good luck to those of you who are hanging on to your renewable energy investments.

Pref


Don't worry about me PI; to put it in context, JLEN is my 2nd smallest holding at 2.5% of the portfolio (with HICL the smallest at 2%). They are small diversifiers, mostly for my own interest sake tbh, within a predominantly equity based portfolio. :D

richfool
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Re: Investing in Green Infrastructure Funds (ITs)

#281033

Postby richfool » January 30th, 2020, 3:22 am

I too am somewhat sceptical about the article. It could be that someone wants to stock up on renewables and having discovered the high premia, sought to reduce the asking price. That said, the premiums were getting rather high and pruning them back a bit maybe no bad thing.

I am also scepitcal about electricity price cuts. They never seem to really materialise. I understood the income these trusts earn to be reliable and index linked.

My holdings of JLEN and TRIG were bought some time back, when premiums were lower. I bought NESF more recently and that is the only one I am in negative territory with. Therefore, as things stand I propose to hold all three. The income at over 5% is not to be sneered at. If I was to reduce, I would probably sell NESF.

I wonder if Peter Spiller of Capital Gearing Trust has reduced any of his holdings of renewables, (noting his trust has a strong emphasis on wealth preservation).

UncleEbenezer
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Re: Investing in Green Infrastructure Funds (ITs)

#281116

Postby UncleEbenezer » January 30th, 2020, 12:15 pm

Are they not just following where regular Infrastructure ITs led? An inevitable correction after rising to excessive premia?

They're a long, long way from oversupply! That's something I was much more concerned about in, for example, coffee shops, when I held a stake in Costa (through WTB).

Walkeia
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Re: Investing in Green Infrastructure Funds (ITs)

#281509

Postby Walkeia » January 31st, 2020, 9:19 pm

as discussed here; reduced the bulk of my renewables late last year. I exited the last of my JLEN today - been a good run / disappointing to sell the last clip here.

I agree with the worry that the renewables funds’ success at generating clean power, and the consequent drop in long term power prices, can potentially cannibalise the NAV of post subsidy regime assets.

From just this perspective it would seem a contradiction that they would remain at significant premiums given the regular share issues to expand funds under management. However, I accept in a zero interest rate environment a 5%+ yield for 10 years plus is attractive and some lowering of the discount factor can be argued for.

Don’t have a strong view which side of that discussion wins - so I walk on.

All the best

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Re: Investing in Green Infrastructure Funds (ITs)

#282435

Postby sunnyjoe » February 5th, 2020, 12:45 pm

I used this little hiccup as an opportunity to top up on TRIG which is the most internationally diversified of those discussed here

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Re: Investing in Green Infrastructure Funds (ITs)

#284570

Postby ukfire » February 15th, 2020, 5:29 pm

Did anyone see the pulled IPO of Cabot Square Alternatives (ALTS)? Looked interesting (mostly renewables, with some housing and management) but IPO cancelled to allow institutional investors more time to assess.

(I can't post a link but a search on RNS should work).

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Re: Investing in Green Infrastructure Funds (ITs)

#284920

Postby UncleEbenezer » February 17th, 2020, 12:51 pm

One of my crowdfunding flutters, Pod Point, just got bought out. EDF buying itself a network of electric car charging points, and a major supplier to households.

The rise of electric cars, supplemented by downward pressure on gas for heating water, leaves huge scope for much more growth in this sector!

richfool
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Re: Investing in Green Infrastructure Funds (ITs)

#285190

Postby richfool » February 18th, 2020, 1:54 pm

sunnyjoe wrote:I used this little hiccup as an opportunity to top up on TRIG which is the most internationally diversified of those discussed here

Some thoughts on renewables and TRIG in particular, from Kevin Godbold at Motley Fool:

https://uk.finance.yahoo.com/news/recko ... 39699.html

sunnyjoe
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Re: Investing in Green Infrastructure Funds (ITs)

#285222

Postby sunnyjoe » February 18th, 2020, 3:51 pm

richfool wrote:
sunnyjoe wrote:I used this little hiccup as an opportunity to top up on TRIG which is the most internationally diversified of those discussed here

Some thoughts on renewables and TRIG in particular, from Kevin Godbold at Motley Fool:

https://uk.finance.yahoo.com/news/recko ... 39699.html


Thanks. Although, given the poor quality of Fool articles, I'm not sure that having my confirmation bias stroked in his way is healthy.

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Re: Investing in Green Infrastructure Funds (ITs)

#286028

Postby UncleEbenezer » February 22nd, 2020, 10:11 am

If it's a motley fool article, why not a link to motley fool, rather than make-you-jump-through-lots-of-hoops yahoo?

richfool
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Re: Investing in Green Infrastructure Funds (ITs)

#286035

Postby richfool » February 22nd, 2020, 10:25 am

UncleEbenezer wrote:If it's a motley fool article, why not a link to motley fool, rather than make-you-jump-through-lots-of-hoops yahoo?

Simply, because that's how I came across the article through Yahoo. I don't often look at Motley Fool, but I do have Yahoo finance open to view share prices and related news and that is where I saw it. There's no "jumping through lots of hoops" involved, as the link take you straight to it, or at least there wasn't for me.

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Re: Investing in Green Infrastructure Funds (ITs)

#286037

Postby UncleEbenezer » February 22nd, 2020, 10:29 am

richfool wrote:
UncleEbenezer wrote:If it's a motley fool article, why not a link to motley fool, rather than make-you-jump-through-lots-of-hoops yahoo?

Simply, because that's how I came across the article through Yahoo. I don't often look at Motley Fool, but I do have Yahoo finance open to view share prices and related news and that is where I saw it. There's no "jumping through lots of hoops" involved, as the link take you straight to it, or at least there wasn't for me.

It redirected me to a "consent" page.

I ticked "yes", and it took me through a couple of redirections straight back to the "consent" page. And again.

Guess I should have said loops, not hoops. Maybe I might've broken free by disabling my browser security, but what had already happened disinclined me to spend time&effort on it.

richfool
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Re: Investing in Green Infrastructure Funds (ITs)

#286075

Postby richfool » February 22nd, 2020, 12:48 pm

UncleEbenezer wrote:
richfool wrote:
UncleEbenezer wrote:If it's a motley fool article, why not a link to motley fool, rather than make-you-jump-through-lots-of-hoops yahoo?

Simply, because that's how I came across the article through Yahoo. I don't often look at Motley Fool, but I do have Yahoo finance open to view share prices and related news and that is where I saw it. There's no "jumping through lots of hoops" involved, as the link take you straight to it, or at least there wasn't for me.

It redirected me to a "consent" page.

I ticked "yes", and it took me through a couple of redirections straight back to the "consent" page. And again.

Guess I should have said loops, not hoops. Maybe I might've broken free by disabling my browser security, but what had already happened disinclined me to spend time&effort on it.

Ah, OK, thanks for pointing that out. Sorry, I hadn't realised that. (Perhaps I got there directly because I am registered with yahoo finance, which I keep open all the time in a separate tab). If I come across any more like that, I will seek out and post (from) the original source.

sunnyjoe
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Re: Investing in Green Infrastructure Funds (ITs)

#286567

Postby sunnyjoe » February 25th, 2020, 10:47 am

TRIG related news that I missed back in December
https://citywire.co.uk/investment-trust ... s/a1306732

Sun Life Financial of Canada is buying a majority stake in InfraRed Capital Partners, triggering a £300 million windfall to the 23 partners in the rapidly growing real estate and infrastructure group.

These include Harry Seekings (pictured) and Richard Crawford, fund managers of the £3.2 billion HICL Infrastructure (HICL) and £2.2 billion Renewables Infrastructure Group (TRIG).

The Canadian financial services group is paying US$390 million for 80% of InfraRed, whose mission statement is ‘real assets, real value’, with options to buy the rest after four and five years.

sunnyjoe
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Re: Investing in Green Infrastructure Funds (ITs)

#287404

Postby sunnyjoe » February 28th, 2020, 11:06 am


sunnyjoe
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Re: Investing in Green Infrastructure Funds (ITs)

#287406

Postby sunnyjoe » February 28th, 2020, 11:14 am


ReallyVeryFoolish
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Re: Investing in Green Infrastructure Funds (ITs)

#288680

Postby ReallyVeryFoolish » March 5th, 2020, 12:07 pm

Sold out of my ORIT today. Since the IPO was scaled back, my holding wasn't really worth having. So, cashed in at around 9% profit and topped up my existing LGEN holding instead. LGEN is presently on offer in the sales, where ORIT is still full price stock.

sunnyjoe
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Re: Investing in Green Infrastructure Funds (ITs)

#289345

Postby sunnyjoe » March 9th, 2020, 12:53 pm

Aquila European Renewables Income Fund share placing news
https://renews.biz/59000/aquila-share-i ... ng-demand/


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