Overview
Greencoat UK Wind invests in operating UK wind farms to provide shareholders with a sustainable and transparent income stream through an annual dividend on the issue price of 100p (6.16p target for 2014). Given the nature of the Company’s income streams, the Board intends to increase the dividend in line with Retail Price Index (RPI) inflation. The company also aims to preserve capital on a real basis by reinvesting excess cashflow in additional operating UK wind farms and through prudent use of portfolio leverage. Greencoat UK Wind will invest in wind farm projects predominantly with a capacity of over 10 MW. The substantial majority of the portfolio will be operating UK wind farm projects.
The fund’s website can be found here.
Fundamentals
Price
Research History
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09 Mar 2023 64 min read
QuotedData’s Economic and Political Monthly Roundup March 2023
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16 Oct 2020 11 min read
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10 Aug 2020 4 min read
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07 Apr 2020 5 min read
QuotedData’s Economic Roundup – April 2020
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10 Mar 2020 6 min read
QuotedData’s Economic Roundup – March 2020
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24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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07 Aug 2019 5 min read
QuotedData’s economic roundup – August 2019
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12 Jul 2019 6 min read
Quarterly investment companies roundup – Second quarter 2019
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07 Jun 2019 3 min read
QuotedData’s investment companies roundup – June 2019
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22 Mar 2019 2 min read
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15 Aug 2018 1 min read
QuotedData’s Economic round up – August 2018
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
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11 Jun 2018 1 min read
QuotedData’s investment companies roundup – June 2018
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13 Mar 2018 1 min read
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
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10 Nov 2017 1 min read
QuotedData investment companies roundup – November 2017
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19 Oct 2017 1 min read
Quarterly investment companies roundup – Third quarter 2017
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10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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15 Mar 2017 1 min read
QuotedData’s round up of views on the global economy – March 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
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07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
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16 Dec 2013 1 min read
Quoted Fund weekly issues and repurchases
Each week we’ll let you know which funds are growing and which are shrinking – please see the attached pdf: 131216-issues-and-repurchases
News
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03 Sep 2025 2 min read
High-yielding BioPharma Credit puts more cash to work in 6.5% margin loan
BioPharma Credit (BPCR), one of four alternative income funds shortlisted in our Investors’ Choice Awards, has announced a $62.5m (£46.5m) five-year loan to a US drug company developing a treatment for a rare form of sexually transmitted disease. Precigen, a Maryland-based biotech specialising in difficult-to-treat conditions, has obtained a $125m secured loan from Pharmakion, the […]
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04 Aug 2025 2 min read
Renewables: Pick-up in disposals could put wind back in sails of challenged TRIG, say analysts
The market was waiting for bad news from Renewables Infrastructure Group (TRIG) which in an unscheduled update unveiled a 4% first half drop in net asset value (NAV) on Friday following rival Greencoat UK Wind UKW) posting a 4.4% decline last Wednesday. Still there was plenty in the trading update, which preceded the release of […]
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30 Jul 2025 2 min read
Greencoat UK Wind offloads three assets to cut debt after awkward first half for 9%-yielding income fund
Greencoat UK Wind (UKW) has made three disposals to raise £181m after a difficult first half left the UK’s largest listed renewables fund in breach of its 40% borrowing limit. Declining power price forecasts and low wind generation knocked 5.2% from the £3.3bn portfolio’s net asset value, reducing NAV per share at 30 June to […]
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2 min read
QuotedData Morning Briefing 30 July: JGGI, UKW, OCI, ASL, TFG, BBOX, PCTN, MGCI & DORE
JPMorgan Global Growth & Income co-manager Tim Woodhouse steps down and Greencoat UK Wind reports a 4.4% fall in the portfolio and sells £181m of assets. JPMorgan Global Growth & Income (JGGI) co-manager Tim Woodhouse is stepping down to take a new job at JPMorgan Asset Management, leaving Helge Skibeli and James Cook in charge […]
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18 Jul 2025 3 min read
Which trust dividends have grown faster than inflation?
Inflation is creeping back up again. The annual rate of inflation as measured by the Consumer Price Index (CPI) is now 3.6% or, to look at it another way, prices are almost 28% higher than they were five years ago. If we were using the old RPI measure, those figures would be 4.4% and 38%. […]
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10 Jul 2025 2 min read
TRIG welcomes government’s rejection of zonal power pricing but urges speedy grid reform
The Renewables Infrastructure Group (TRIG) has welcomed the government’s decision not to introduce zonal energy pricing but called on ministers to speed up “pressing” reform of a national electricity grid clogged by delays and a lack of capacity. “With zonal’s shadow lifted, policymakers must now turn their focus squarely onto grid reform to unlock infrastructure […]
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09 May 2025 4 min read
Is now the time to go bargain hunting, and where might we look?
Global equity markets have been grappling with a wave of challenges in recent months, leaving investors navigating a landscape marked by uncertainty and contradiction. From the disruptive flare of Trump’s so-called “Liberation Day” tariffs – briefly lighting a match under global trade tensions before a swift retreat – to elevated concerns over inflation (will interest […]
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28 Apr 2025 3 min read
QuotedData’s morning briefing 28 April 2025 – FSV, TRIG, JEDT, BOOK, UKW, VOF, BGUK, BSRT
In QuotedData’s morning briefing 28 April 2025: [QD comment MR: We have repeatedly commented how there is significant value in the UK market and particularly in funds such as BGUK that also have a strong growth bias. It is interesting to see large institutional players, such as City of London, taking advantage of this.] We […]
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11 Apr 2025 4 min read
Renewables still powering ahead, but trust discounts suggest investors haven’t plugged in
In spite of the ‘drill baby drill’ ambitions of the new US administration, the rapid adoption of renewable energy sources continues. More than 40% of the world’s electricity was generated without burning fossil fuels in 2024, according to think tank Ember. Solar powered electricity has doubled in three years, with India and China setting the […]
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27 Feb 2025 3 min read
Poor wind yields hit Greencoat UK Wind
Greencoat UK Wind’s NAV fell 7.9% to 151.2p per share in the year to 31 December 2024, due to poor power price forecasts and wind yields. Reflecting negative investor sentiment to the renewable energy sector and wider issues in the investment trust sector, the company’s share price fell further by 15.7% over the year, resulting […]
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14 Feb 2025 2 min read
QuotedData’s morning briefing 14 February 2025 – FGEN, UKW, HLCL, GR1T
In QuotedData’s morning briefing 14 February 2025: Foresight Environmental Infrastructure (FGEN) posted a 2.2% fall in NAV to 197.4p per share over the quarter to 31 December 2024. After paying the quarterly dividend of 1.95p, the NAV total return for the period was -0.34%. Portfolio performance was below forecast primarily due to a period of […]
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29 Jan 2025 2 min read
Greencoat UK Wind revises yield estimates with 6.5p hit to NAV
Greencoat UK Wind (UKW) published an update. It says that its NAV as of 31 December 2024 is £3,409m (151.2p per share), which is a decrease of 7.4 pence per share from the NAV at 30 September 2024. The movement in NAV was primarily the result of a revision to energy yield estimates across the […]
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10 Dec 2024 2 min read
QuotedData’s morning briefing 10 December 2024 – APAX, AGT, PCTN, GPE, UKW
In QuotedData’s morning briefing 10 December 2024: Apax IX Fund in which Apax Global Alpha Limited (APAX) is a limited partner, has announced the full sale of its minority co-control stake in AssuredPartners, a leading mid-market property, casualty and employee benefits insurance brokerage, to Arthur J. Gallagher & Co. This transaction is expected to deliver […]
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08 Nov 2024 3 min read
Renewables – don’t let the sun go down on me
There are plenty of factors which have contributed to the mediocre performance of UK equities over the last few years, both unavoidable and self-inflicted. However, the rationale behind the ongoing sell-off across the renewable energy infrastructure sector, as well as its scale, is one which we struggle to understand. Prior to the pandemic, most if […]
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30 Oct 2024 1 min read
QuotedData’s morning briefing 30 October 2024 – NBPE, HHI, OIG, UKW
In QuotedData’s morning briefing 30 October 2024: NBPE announced that the company will request the admission to and trading of the 2024 zero dividend preference shares be cancelled. The cancellation will follow the redemption of the 2024 zero dividend preference shares, with effect from 12:00 pm on 30 October 2024. As previously announced, the maturity […]
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25 Oct 2024 2 min read
QuotedData’s morning briefing 25 October 2024 – ALW, JFJ, ATS, ARR, UKW
In QuotedData’s morning briefing 25 October 2024: As previously indicated, Alliance Witan (ALW) has increased its dividend following the combination of Alliance Trust and Witan Investment Trust to form Alliance Witan. ALW has declared a third interim dividend of 6.73p per share. The total of the first three interim dividends declared for 2024 is 19.97p […]
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24 Jul 2024 1 min read
QuotedData’s morning briefing 24 July 2024 – UKW, GRI, PHP
In QuotedData’s morning briefing 24 July 2024: Greencoat UK Wind (UKW) announced its interim report for the six months to 30 June 2024. The company saw a NAV total return of -2.9% and a share price total return of -4%. The company declared total dividends of 5 pence per share with respect to the period […]
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01 Mar 2024 1 min read
QuotedData’s weekly news show 1st March 2024
Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • HICL Infrastructure (1:10) • Renewables – Bluefield Solar Income (4:48), TRIG (9:46), Greencoat UK Wind (10:31) • Property – SEGRO (11:11), Hammerson (12:14) Andrew McHattie reflected […]
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29 Feb 2024 2 min read
Greencoat UK Wind beats its dividend target
Greencoat UK Wind (UKW) has released its results for its financial year ending 31 December 2023. UKW’s NAV fell slightly from £3.9bn to £3.8bn, equal to a fall from 167.1p to 164.1p on a per share basis. UKW’s share price also fell over the period, from 152p to 151.5p, finishing the year with a market […]
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30 Jan 2024 1 min read
QuotedData’s morning briefing 30 January 2024 – UKW, RTW, IHR
In QuotedData’s morning briefing 30 January 2024: Greencoat UK Wind (UKW) announced the appointment of Abigail Rotheroe as a non-executive director of the company. Her appointment will be effective from 1 March 2024. Abigail is a CFA Charterholder and brings over 20 years’ experience in the investment industry. She is the former investment director of […]
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11 Dec 2023 1 min read
QuotedData’s morning briefing 11 December 2023 – SYNC, TMI, UKW, HGT, LXI, DNA2
In QuotedData’s morning briefing for 11 December 2023: Syncona (SYNC) has provided an update on the clinical study of its portfolio company, Autolus Therapeutics. The results have indicated the strong safety profile of the drug and importantly show a durable response for patients. Taylor Maritime Investments (TMI) has released its half year results for the […]
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07 Dec 2023 1 min read
QuotedData’s morning briefing 7 December 2023 – UKW, DVNO, FAIR, VOF, NAS
In QuotedData’s morning briefing 7 December 2023: Laurence Fumagalli plans to step down from his role as co-head of the Schroders Greencoat LLP team managing Greencoat UK Wind (UKW) on 1 March 2024. Matt Ridley, a partner at Schroders Greencoat, will succeed Laurence to co-manage the fund alongside Stephen Lilley. Matt is currently head of […]
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27 Oct 2023 1 min read
QuotedData’s weekly news update 27th October 2023
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Greencoat UK Wind (0:25) • abrdn Diversified Income & Growth (6:40) • Hipgnosis (12:10) This week’s interview was with Richard Sem from Pantheon Infrastructure […]
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3 min read
QD view – is there an easy fix to the sector’s discount problem?
Like me, you may have been looking at your portfolio of investment companies over the past 18 months or so and swinging between despair and puzzlement. I keep asking the question, how can so many ostensibly good companies be so out of favour? Take Greencoat UK Wind, for example, which I bought for my portfolio […]
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26 Oct 2023 2 min read
Greencoat UK Wind ups dividend and launches buyback
Greencoat UK Wind will increase in its annual dividend target to 10p and launch a share buyback programme of up to £100m. From admission to the London Stock Exchange on 27 March 2013 to 30 September 2023, the company has generated £1,764m of cash flow, paid £887m of dividends and reinvested £877m of excess cash […]
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11 Aug 2023 4 min read
QD view – Renewables – an inevitable part of our future?
For some time, the trajectory of renewable energy infrastructure trusts appeared inexorable: the march to decarbonisation was inevitable, government backing a given and the regulatory environment supportive. However, in spite of some significant financial backing for renewable energy development, global governments appear to be wavering on their commitment to net zero, and the public backlash […]
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27 Jul 2023 2 min read
QuotedData’s morning briefing 27 July 2023
In QuotedData’s morning briefing 27 July 2023: AVI Global Trust (AGT) has completed an agreement to issue JPY4.5bn (£25m) of fixed rate unsecured debt, for a term of ten years. The annual interest rate on the debt is 1.44%. The company is about 4% geared currently. Greencoat UK Wind’s (UKW) NAV dropped from 167.1p to […]
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24 Jul 2023 2 min read
QuotedData’s morning briefing 24 July 2023
In QuotedData’s morning briefing 24 July 2023: Alliance Trust (ATST) has added a new stock picker to its roster, bringing the total to 10. ATST’s investment manager Willis Towers Watson has appointed Dalton Investments, a value-focused Japanese specialist, which will receive 4% of ATST’s capital. Craig Baker, chairman of WTW’s investment committee, said: “Following extensive […]
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14 Jul 2023 4 min read
QD view – Infrastructure sits on solid foundations
Having been one of the few ports in the storm of 2022, it has been a dismal start to the year for infrastructure trusts. Every fund across the three main infrastructure sectors – infrastructure, infrastructure securities and renewable energy infrastructure – is down in share price terms for the year to date. For some of […]
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07 Jun 2023 1 min read
QuotedData’s morning briefing 7 June 2023
Pantheon Infrastructure (PINT) announced a £52.5m increase to its existing £62.5m multicurrency revolving credit facility bringing the total to £115m. The increase in the loan facility provides the company with additional liquidity to support further investment in high-quality infrastructure assets from PINT’s near-term investment pipeline. The loan facility is currently undrawn. abrdn Diversified Income and […]
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23 Feb 2023 1 min read
Greencoat UK Wind targets inflation-matching dividend hike
Greencoat UK Wind has announced results for the year to 31 December 2022. Despite lower than budgeted wind speeds, which alongside the project-specific issues highlighted below, meant that the portfolio generated 5% less power than forecast, it did produce 4,362GWh of sustainable electricity and generated £560.1m of cash. Notable issues affecting portfolio availability were: a […]
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17 Nov 2022 1 min read
45% windfall tax on renewable electricity from 1 January 2023
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26 Aug 2022 3 min read
QuotedData’s morning briefing 26 August 2022
In QuotedData’s morning briefing 26 August 2022: Greencoat UK Wind (UKW) has completed the acquisition of a net 12.5% stake in Hornsea 1 offshore wind farm, as previously announced on 16 May 2022 (click here to read our coverage of the announcement). JZ Capital Partners (JZCP) has announced that, subject to the satisfaction of certain […]
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13 Jun 2022 1 min read
Greencoat UK Wind renews investment management agreement with new fee structure
Greencoat UK Wind renews investment management agreement with new fee structure – Greencoat UK Wind (UKW) has renewed its investment management agreement with Greencoat Capital, who has managed UKW since IPO in 2013. The principal changes to the agreement are as follows: An additional tier added to the cash fee structure, which will see a […]
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27 May 2022 1 min read
QuotedData’s weekly news show 27th May 2022
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Windfall taxes: NextEnergy Solar, Greencoat UK Wind, Bluefield Solar • Fundraising: Gresham House Energy Storage, Home REIT This week’s interview was with Paul Bridge […]
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24 May 2022 1 min read
Renewable energy funds hit by windfall tax rumour
A story in today’s Financial Times seems to have triggered a slide in the share prices of a number of renewable energy companies. Rishi Sunak is said to be exploring the possibility of a windfall tax on all energy generating companies, including those in the renewable energy sector, as well as oil and gas companies. […]
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16 May 2022 3 min read
QuotedData’s morning briefing 16 May 2022
In QuotedData’s morning briefing 16 May 2022: Finsbury Growth & Income (FGT) has posted its unaudited half year results for the six months to 31 March 2022. During the period, the NAV total return was -2.2% and the share price total return was -3.0%. The benchmark rose by 4.7%. Despite this, manager Nick Train (pictured) […]
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06 May 2022 1 min read
QuotedData’s weekly news show 6th May 2022
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew and Andrew McHattie covered the week’s top stories: Weiss Korea Witan Apax Global Alpha Greencoat UK Wind EP Global Opportunities abrdn China This week’s interview was with Gary Moglione of […]
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24 Feb 2022 2 min read
Greencoat UK Wind reflects on a year of significant growth
Greencoat UK Wind reflects on a year of significant growth – Greencoat UK Wind (UKW) has posted its annual report for the 12 months to 31 December 2021. During the period, the NAV per share increased by 9.4%, primarily reflecting high short term power prices. Meanwhile, total shareholder return for the year was 10.7%. 2021 […]
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10 Jan 2022 4 min read
QuotedData’s morning briefing 10 January 2022
In QuotedData’s morning briefing 10 January 2022: Following its decision to terminate its investment management arrangement with KKV Investment Management, Secured Income Fund (SSIF) is now a self managed AIFM. The company has entered into a consultancy agreement to secure the services of one of the individuals previously employed by KKVIM and who has the […]
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22 Dec 2021 3 min read
QuotedData’s morning briefing 22 December 2021
In QuotedData’s morning briefing 22 December 2021: Syncona (SYNC) has reached an agreement to sell its portfolio company Gyroscope Therapeutics Holdings to Novartis, a leading global medicines company, for up to $1.5bn on a cash and debt free basis, with an upfront payment of $800m and up to $700m (£528 million) potentially due upon the […]
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16 Dec 2021 3 min read
QuotedData’s morning briefing 16 December 2021
In QuotedData’s morning briefing 16 December 2021: Triple Point Social Housing REIT (SOHO) says that Parasol, a registered provider focused on the supported housing sector, has been deemed non-compliant with regards to elements of the Regulator’s governance and financial viability standard. The Regulator would like to see Parasol demonstrate improvement in the areas of business […]
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25 Nov 2021 1 min read
Greencoat UK Wind raises £450m following high demand
Greencoat UK Wind raises £450m following high demand – Greencoat UK Wind (UKW) has raised £450m following significant demand for its placing, open offer, intermediaries offer and offer for subscription which it announced earlier this month. Investor demand for the issue exceeded the maximum size of £396m and so the board has determined to utilise […]
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05 Nov 2021 1 min read
QuotedData’s weekly news show 5th November 2021
QuotedData’s weekly news show 5th November 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: ThomasLloydEnergy Impact abrdn China Investment Company Gresham House Strategic GreencoatUKWind This week’s interview was with Rory Bateman from […]
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02 Nov 2021 1 min read
Greencoat buys stake in offshore wind farm, launches £200m fundraise
Greencoat buys stake in offshore wind farm, launches £200m fundraise – Greencoat UK Wind has agreed to acquire a 25% stake in Burbo Bank Extension offshore wind farm from AIP. The purchase is being made in partnership with a number of pension funds investing through Greencoat Renewable Income LP, a fund also managed by Greencoat Capital. […]
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01 Oct 2021 4 min read
QD View – Energy crisis, opportunity in uncertainty
The drivers that have led to the current energy crisis have been clearly visible for some time and reflect a number of long-term structural challenges that we face. Chief amongst these is climate change and the need to decarbonise but related to this are issues of energy security; the intermittency of renewables; battery technology that […]
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28 Sep 2021 2 min read
QuotedData’s morning briefing 28 September 2021
In QuotedData’s morning briefing 28 September 2021: Over the six months ended 31 July 2021, North American Income Trust (NAIT) beat its benchmark by 2.2%, producing a return on NAV of 19.8% against 17.6% for the Russell 1000 Index. The statement says that “This was mainly attributable to the positioning in the technology sector, as […]
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25 Feb 2021 2 min read
Greencoat UK Wind held back by falling premium
Greencoat UK Wind held back by falling premium – Greencoat UK Wind has announced final results for the year to 31 December 2020. While the NAV increased from 119.7p to 120.4p (+0.6%) during the year, the return to shareholders was -6.2% as the premium fell. This may reflect share issuance but falling power prices have also weighed on […]
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24 Feb 2021 1 min read
Greencoat UK Wind announces two deals with a combined valued of £99.5m
Greencoat UK Wind (UKW) has bought the remaining 50% interest in Braes of Doune wind farm from funds managed by the infrastructure team of the international business of Federated Hermes for a sum of £48.1m. UKW also agrees deal to buy 49.4% Kype Muir Extension wind farm for £51.4m Braes of Doune is located in Stirlingshire, Scotland and […]
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17 Feb 2021 1 min read
QuotedData’s morning briefing 17 February 2021
In QuotedData’s morning briefing 17 February 2021 – Greencoat UK Wind’s (UKW’s) placing raised gross proceeds of £198m. The net capital raised will be deployed towards reducing borrowings under the company’s revolving credit facility, to allow the company to fund its pipeline of acquisition opportunities. Chrysalis Investments (CHRY) will seek approval from its shareholders to issue up […]
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12 Feb 2021 1 min read
Greencoat UK Wind launches £198m institutional placing
Greencoat UK Wind (UKW) has announced a placing in which it is seeking to raise up to £198 million by way of a non-pre-emptive issuance to institutional investors at 131p per share. Proceeds from the Placing will be used to repay or reduce borrowings under UKW’s revolving credit facility to allow it to fund its pipeline […]
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23 Nov 2020 1 min read
Greencoat invests in Humber Gateway
Greencoat invests in Humber Gateway – Greencoat UK Wind has agreed to acquire a 49% stake in the Humber Gateway offshore wind farm from RWE, in partnership with a number of pension funds investing through a fund also managed by Greencoat Capital. Greencoat UK Wind will acquire a net 38% stake in the wind farm for […]
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29 Sep 2020 1 min read
QuotedData’s morning briefing 29 September 2020
In QuotedData’s morning briefing 29 September 2020: Greencoat UK Wind’s issue was well oversubscribed. It has raised £400m and will issue over 305m shares. The money will be used to pay down debt to £600m (21% LTV). PRS REIT says that it has arranged an additional £50m of debt facilities with Barclays Bank, taking its total […]
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04 Sep 2020 1 min read
QuotedData’s weekly news show 4 September 2020
In QuotedData’s weekly news show 4 September 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: Witan’s new global managers and Greencoat UK Wind’s planned fundraise Andrew McHattie also covered some interesting recent discount and share price […]
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03 Sep 2020 1 min read
Greencoat UK Wind launches fundraise
Greencoat UK Wind launches fundraise – with the recent Walney deal having pushed up its borrowing, Greencoat UK Wind is launching a new share issuance programme and is kicking that off with a placing and offer for subscription. Under the share issuance programme, the company may issue up to a maximum of 750 million new […]
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01 Sep 2020 1 min read
Greencoat UK Wind invests in Cumbrian offshore wind farm
Greencoat UK Wind invests in Cumbrian offshore wind farm – Greencoat UK Wind has agreed to acquire SSE’s 25.1% interest in the Walney I and II offshore wind farms for a headline consideration of £350m. Walney is located approximately 9 miles off the Cumbrian coast and has a capacity of 367.2MW. Walney was constructed by Orsted […]
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30 Jul 2020 1 min read
QuotedData’s morning briefing 30 July 2020
In QuotedData’s morning briefing 30 July 2020: Secured Income Fund’s latest factsheet discloses that it extended loans accounting for 27.5% of its portfolio by 12 months in response to COVID-related pressures on the borrowers. This extends the weighted average maturity of the portfolio from 2.58 years to 2.89 years. Shareholders just voted to wind down […]
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27 Apr 2020 1 min read
Greencoat UK Wind strikes £320m subsidy-free deal for South Kyle Scotland wind farm
Greencoat UK Wind (UKW) announced that it struck an agreement with Vattenfall Wind Power (Vattenfall) to acquire South Kyle wind farm for a headline consideration of £320m, which it says will be due upon completion, scheduled for Q1 2023, once the wind farm begins commercial operation. South Kyle is located 5km to the east of […]
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08 Apr 2020 2 min read
QuotedData’s morning briefing 8 April 2020
Greencoat UK Wind (UKW) said that to-date, there has been no material impact on the company’s day-to-day operations or performance. Aberdeen Standard Asia Focus (AAS) released interim results to 31 January 2020 ( Total return performance in NAV and share price terms was (8.3%) and (6.2%), compared to the MSCI Asia (ex-Japan) smaller companies index […]
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03 Apr 2020 1 min read
QuotedData’s morning briefing 3 April 2020
In QuotedData’s morning briefing 3 April 2020 Trump tried to talk up the oil price with news of a Saudi/Russia meeting. It seemed to work but Russia denied all knowledge. In light of the COVID-19 restrictions, Hammerson shareholders will no longer be able to attend its AGM on 28 April 2020 and are instead encouraged to […]
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30 Mar 2020 2 min read
QuotedData’s morning briefing 30 March 2020
EasyJet has grounded its entire fleet on a morning that has also seen the price of crude oil fall below $20 (an 18-year low). Jupiter UK Growth (JUKG) reported interim results to 31 December 2019, with the total return NAV increasing by 7.8%. The focus is of course on covid-19. Chairman, Tom Bartlam, said: “In […]
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20 Mar 2020 1 min read
Update from Greencoat UK Wind
Greencoat UK Wind (UKW) has released the following update: “The health of the company’s shareholders and board is of the utmost importance and given the UK Government’s advice on social distancing, travel and measures to prohibit public gatherings in order to minimise the spread of COVID-19, the Company has decided to change the location of […]
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02 Mar 2020 1 min read
Report: UK government to renew support for onshore windfarms
It was announced earlier today that the UK will reintroduce support for onshore windfarms, four years after deciding to end support for new projects. It is believed that the policy reversal reflects a view that onshore wind will be crucial to the UK’s chances of delivering on its target of net zero carbon emissions by […]
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27 Feb 2020 1 min read
Greencoat UK Wind powering 1m homes
Greencoat UK Wind powering 1m homes but low wind speeds and falling power prices knock earnings – Greencoat UK Wind says its power generation was behind budget in 2019 – as wind speeds were below average for the year – its earnings were also impacted by falling power prices. Reduced assumptions about future power prices […]
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20 Feb 2020 1 min read
Greencoat buys Slieve Divena II
Greencoat buys Slieve Divena II – Greencoat UK Wind has agreed to acquire Slieve Divena II wind farm from SSE Renewables for £51m. Slieve Divena II is located approximately 10 miles south east of Omagh in County Tyrone, Northern Ireland, and has a capacity of 18.8MW. Slieve Divena II was constructed by SSE Renewables and has […]
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31 Jan 2020 2 min read
QuotedData’s other news 31 January 2020
In QuotedData’s other news 31 January 2020 Fidelity Asian Values confirms that with effect from 1 February 2020 its comparative index (performance benchmark) will be the MSCI AC Asia ex Japan Small Cap Index (net) total return (in Sterling terms) PRS REIT’s NAV has slipped a little, from 95.8p at the end of June 2019 […]
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29 Jan 2020 1 min read
Renewable energy funds under attack from brokers
Renewable energy funds under attack from brokers – Shares in many renewable energy funds slumped yesterday as first Chris Brown of JPMorgan and then Matthew Hose of Jefferies said they were overvalued. Their analysis (which we can’t show you and you can’t get hold of unless you work for a large investment firm and pay […]
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20 Dec 2019 1 min read
Greencoat UK Wind buys two Scottish wind farms
Greencoat UK Wind buys two Scottish wind farms – Greencoat UK Wind PLC has agreed to acquire the Windy Rig and Twentyshilling wind farms from Statkraft UK Limited for a combined consideration of £104 million, to be paid on completion. Construction of the wind farms is expected to commence shortly, with the acquisition targeted to complete […]
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29 Oct 2019 1 min read
QuotedData’s other news 29 October
In QuotedData’s other news 29 October – Bill Ackman-managed Pershing Square Holdings (PSH) has announced an additional share buyback program worth $100m of PSH’s outstanding shares on the London Stock Exchange and Euronext Amsterdam. PSH says the program will begin following the completion of the previously announced $100m buyback program. They add that the program […]
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26 Jul 2019 2 min read
QuotedData’s other news 26 July 2019
In QuotedData’s other news 26 July 2019: Scottish American (SCAM) has announced its interim results for the six-months ended 30 June 2016, in which it modestly outperformed its benchmark. SCAM’s net asset value total return for the first six months of 2019 was 17.3% and the share price total return was 17.5%. In contrast, it says […]
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30 May 2019 1 min read
QuotedData’s other news 30 May 2019
In QuotedData’s other news 30 May 2019: Perpetual Income and Growth delivered an NAV total return of -0.8% over the year-ending 31 March 2019 (the benchmark All-share index’s total return for the year was +6.4%). The main source of underperformance relative to the benchmark came from the fund’s exposure to UK domestic stocks; companies that generate […]
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1 min read
Greencoat UK Wind raises £375m
Greencoat UK Wind raises £375m – Greencoat UK Wind (UKW), the £1.53bn market cap wind farm investor, has raised gross proceeds of £375m as part of its share issuance programme. 281,954,887 new ordinary shares will be issued, increasing total ordinary shares to 1,516,927,700. We note that as of 27 May 2019, UKW’s shares traded at […]
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02 May 2019 2 min read
Greencoat UK Wind announces new share issuance programme
Greencoat UK Wind has announced a new programme of share issuance that is to be conducted over the next 12 months through a number of tranches. The initial placing and the initial offer for subscription launchi today (Thursday 2 March 2019). The company says that a prospectus, relating to the Share Issuance Programme, is expected […]
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28 Feb 2019 2 min read
Greencoat UK Wind on budget with cash despite low wind levels
Greencoat UK Wind (UKW) has announced its annual results for the year ended 31 December 2018. The company says that its performance was in line with its expectations. Cash generation was on budget despite their being a low wind levels [QD comment: UKW, like most other renewable generators, has a high fixed cost base with […]
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01 Feb 2019 2 min read
Greencoat UK Wind raising cash to buy Scottish wind farms
Greencoat UK Wind raising cash to buy Scottish wind farms – Greencoat UK Wind (UKW) has entered into agreements to acquire 49.9% stakes in the Stronelairg and Dunmaglass wind farms from SSE (in partnership with a major UK pension fund whose investment is also managed by Greencoat Capital). UKW will acquire a net 35.5% stake in […]
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20 Dec 2018 1 min read
Greencoat UK Wind ushers in era of subsidy free renewable energy
Greencoat UK Wind ushers in era of subsidy free renewable energy – Greencoat UK Wind has entered into an agreement to acquire the Douglas West wind farm from Blue Energy. Completion is expected to take place in Q1 2019, subject to the finalisation of construction, operation and maintenance contracts. Subsidy free Douglas West is located 7 […]
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17 Dec 2018 2 min read
Greencoat UK Wind buys Church Hill and Crighshane wind farms
Greencoat UK Wind (UKW) has announced that it has acquired two windfarms, Church Hill and Crighshane, from the Irish Infrastructure Fund and from the Viridian Group (the Viridian Group held a minority stake), for a total consideration of £87 million, including the prepayment of existing project finance debt facilities. The acquisition has been funded by […]
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05 Oct 2018 1 min read
Greencoat UK Wind takes stake in Tom nan Clach wind farm
Greencoat UK Wind takes stake in Tom nan Clach wind farm, its first CFD-subsidised project – Greencoat UK Wind has entered into an agreement to acquire Belltown Power’s 75% stake in Tom nan Clach wind farm for a headline consideration of GBP126 million (including share of project finance debt). Tom nan Clach is located in Nairnshire, Scotland, […]
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26 Feb 2018 1 min read
Greencoat ongoing charges drop as it breaks £1bn market cap
Greencoat ongoing charges drop as it breaks £1bn market cap – Greencoat UK Wind PLC has reported results for the year ended 31 December 2017. Its total shareholder return for the year was 8.4%. The NAV per share increased from 107.0p on 31 December 2016 to 109.6p on 31 December 2017, an increase of 2.4%. Declared dividends […]
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01 Nov 2017 1 min read
Greencoat UK Wind buys five wind farms from EDF
Greencoat UK Wind buys five wind farms from EDF – Greencoat UK Wind PLC has acquired an 80% stake in five wind farms from EDF Energy Renewables for a total consideration of GBP98 million (including GBP7 million cash and working capital). All five wind farms are situated within 25 miles of Peterborough, and in total comprise […]
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04 Sep 2017 1 min read
Five alternative investments for 5% plus yields
Investors’ insatiable appetite for income has pushed many innovative income funds to lofty premiums, but a host of opportunities remain. Jennifer Hill outlines five routes to pocket in flation-beating income. Investors are on the hunt for alternative sources of income, given the high valuations of many equity markets and poor value in bonds. ‘We’ve been looking […]
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23 Aug 2017 1 min read
Greencoat UK Wind buys Corriegarth wind farm
Greencoat UK Wind buys Corriegarth wind farm – Greencoat UK Wind PLC has acquired Corriegarth Wind Farm from Invenergy Renewables LLC for a total consideration of approximately GBP181 million. Corriegarth is located approximately 20 miles south west of Inverness on the eastern side of Loch Ness, and has a capacity of 69.5MW. Corriegarth was developed […]
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14 Aug 2017 1 min read
Greencoat UK Wind buys North Hoyle and Slieve Divena wind farms
Greencoat UK Wind buys North Hoyle and Slieve Divena wind farms – Greencoat UK Wind PLC has entered into agreements to acquire the North Hoyle and Slieve Divena wind farms from institutional investors advised by JP Morgan Asset Management for a total consideration of approximately GBP105 million. The acquisitions, which are expected to complete in August […]
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02 Aug 2017 2 min read
Greencoat UK Wind tops up stake in Clyde windfarm
Greencoat UK Wind tops up stake in Clyde windfarm – Greencoat UK Wind PLC has entered into an agreement to make a further investment in Clyde Windfarm (Scotland) Limited, together with GLIL Corporate Holdings Limited, the infrastructure investment vehicle of certain local authority pension funds. As agreed at acquisition in March 2016, the Clyde Extension […]
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03 Jul 2017 1 min read
Greencoat buys Bishopthorpe wind farm
Greencoat buys Bishopthorpe wind farm – The Board of Greencoat UK Wind PLC has announced that it has acquired Bishopthorpe Wind Farm from BayWa r.e. for a total consideration of GBP47 million. The acquisition, which completed on 30 June 2017, was funded by Greencoat UK Wind’s revolving credit facility (GBP38 million) plus cash resources (GBP9 […]
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27 Mar 2017 1 min read
Greencoat UK Wind buys Langhope Rig wind farm
Greencoat UK Wind has acquired Langhope Rig Wind Farm from GE (NYSE: GE) unit, GE Energy Financial Services for a total consideration of GBP39.8 million. The acquisition, which completed on 24 March 2017, was funded by UKW’s revolving credit facility (GBP37 million) plus cash resources (GBP2.8 million). Langhope Rig is located near Hawick in the […]
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23 Feb 2017 1 min read
Greencoat UK Wind powers 375,000 homes
Greencoat UK Wind reports that its NAV growth during 2016 was 4.1 pence per share (after adjusting for dividends). NAV per share increased from 102.9 pence (ex dividend) on 31 December 2015 to 107.0 pence (ex dividend) on 31 December 2016. They paid total dividends of 6.34 pence per share for the year and are targeting […]
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29 Jul 2016 1 min read
Greencoat generation below budget on low wind resource
Greencoat UK Wind has announced results for the six months ended 30 June 2016. During the period, portfolio generation was 451.4GWh, 3 per cent. below budget. Net cash generated by the Group and wind farm SPVs was GBP30.9 million. Dividend cover was 1.9x. The Company’s aim is to provide investors with an attractive and sustainable dividend that increases […]
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13 May 2016 1 min read
Chocks away – Greencoat UK Wind’s first tranche raises £100m
Greencoat UK Wind has announced the results of the first tranche of its share issuance programme that was announced on 14 April 2016. The fundraising will see 95,238,101 new ordinary shares issued, at a price of 105p per share, raising gross proceeds of £100m. The company says that the proceeds will be put to work […]
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14 Apr 2016 1 min read
Greencoat UK Wind announces proposals for a share issuance programme
Greencoat UK Wind has announced proposals to launch a programme to issue up to 300m new shares. The company says that the proceeds of the programme will be used,” to pay down the company’s revolving facility agreement enabling the company to pursue further attractive investment opportunities”. and that it plans to issue the shares, over the next […]
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15 Mar 2016 1 min read
Greencoat UK Wind and partners buy half of Clyde wind farm
Greencoat UK Wind has announced that it has entered into an agreement to acquire 49.9% of Clyde Windfarm (Scotland) Limited from SSE for a headline consideration of £355m, together with GMPF & LPFA Infrastructure LLP, the infrastructure investment joint venture between Greater Manchester Pension Fund and London Pensions Fund Authority. UKW will acquire 28.2% of […]
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25 Nov 2015 1 min read
Greencoat UK Wind raises £50m through institutional placing
Greencoat UK Wind has announced that its placing, by way of tap issuance to institutional investors, has raised Gross Placing Proceeds of £50m. As a result 46,115,906 new ordinary shares are to be issued at a price of 107.5p per share taking the total number of shares in issue to 507,967,051. The new shares are […]
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12 Nov 2015 1 min read
Greencoat UK Wind proposes to raise £50m through placing to institutions
Greencoat UK Wind proposes to raise £50m. Greencoat UK Wind has announced that it intends to raise up to £50m through a placing of its ordinary shares by way of a tap issue to institutional investors. Tim Ingram, Chairman of the company, has said that they are currently working towards a particular acquisition and that […]
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28 Jul 2015 1 min read
Greencoat UK Wind generates 10% more power than forecast in H1
Greencoat UK Wind has published results for the first half of 2015. Over the period the NAV rose by 0.2%. Dividends totalling 3.13p per share were declared for the period. High winds meant that electricity generation was 10% ahead of expectations at 408GWh. This helped them generate cash of £29.2m and pushed the dividend cover […]
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23 Feb 2015 1 min read
Greencoat UK Wind earnings in line with expectations
Greencoat UK Wind has published results for the year ended 31 December 2014. Over 2014 it generated a return on net assets of 8.7% – their net asset value rose by 2.5% and they paid dividends totalling 6.16p, these were covered 1.6x by earnings. The target for the dividend for 2015 is 6.26p – an […]
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05 Feb 2015 1 min read
UK Government selling Greencoat UK Wind
This morning the Department for Business, Innovation and Skills (“BIS”) announced its intention to place at least 40 million ordinary shares in Greencoat UK Wind at a price between 103p and 105p. Barclays, RBC Capital Markets and Winterflood aim to have the deal wrapped up by lunchtime tomorrow. Vince Cable (the minister) said: “The department invested in […]
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23 Sep 2014 1 min read
Greencoat UK Wind raising another £100m
UKW : Greencoat UK Wind raising another £100m Greencoat UK Wind has announced that is looking to raise £100m from investors by issuing 93,457,944 shares at 107p – a small premium to net asset value at the end of June (105.8p, 102.7p after the last dividend went ex) but a discount to the share price […]
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25 Jun 2014 1 min read
Greencoat UK Wind : UKW – new acquisitions
Greencoat UK Wind is buying two wind farms, dipping into its credit line to do so (it will have borrowed £135m after the transactions complete – about 27% of gross assets) Kildrummy has a capacity of 18.4MW and was commissioned in May 2013. The farm, which is in Aberdeenshire, has a forecast net load factor […]
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24 Mar 2014 1 min read
Greencoat UK Wind : UKW – annual results
Greencoat UK Wind has announced results for the period ended 31 December 2013 (its first full results). At the end of the period Greencoat’s net asset value was 102.9p and its share price 103.0p. Dividends paid have been in line with projections. Power generation has been ahead of forecast. The company was fully invested and […]
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13 Dec 2013 1 min read
Greencoat UK Wind : UKW
Greencoat has raised an additional £83m from investors and will issue 80.975m shares at 102.5p using the money to pay down part of its debt – to leave £50m outstanding.
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09 Jun 2025 1 min read
9% plus yields: how to navigate this investment trust sector
Jennifer Hill, from interactive investor, 9th June 2025: In the investment world, few sectors have experienced as sharp a reversal as renewable energy infrastructure trusts. Once buoyed by strong investor demand, these vehicles – powered by sun, wind, and waves – offered the appeal of clean energy alongside reliable, high-yield income. But as interest rates […]
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27 May 2025 1 min read
Investment trust insider on the lack of read across from bids
James Carthew: Cost disclosure confusion stalls M&A activity M&A activity across the investment trust universe has been slow and piecemeal given the potential bargains on offer. One of the weirdest things about the investment companies market currently is the lack of read across from M&A activity in the sector to similar trusts. For example, two […]
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14 Feb 2025 1 min read
What the BBGI bid means for infrastructure trusts
by Dave Baxter, Investors Chronicle, February 14, 2025: Having bought assets that look much harder to sell, or even to accurately value, than listed equities, alternative investment trusts appear relatively safe from a Saba-style activist campaign. But stubbornly wide share price discounts to net asset value (NAV) mean they could still disappear via other routes. […]
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13 Feb 2025 1 min read
More trusts change fees in boost to shareholders
by Val Cipriani, Investors’ Chronicle, February 13, 2025: More investment trusts battling with discounts have changed their fee structure in favour of investors. Last week, Gresham House Energy Storage (GRID), trading at a 62.2 per cent discount to net asset value (NAV) as of 7 February, said it would start calculating its management fees half […]
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14 Jan 2025 1 min read
High-yielding fund ideas for income seekers in 2025
by Cherry Reynard from interactive investor, 14 January 2025: January is often the grimmest month for your personal finances.. Unlike the income desert that investors encountered in the wake of the global financial crisis, it is pretty easy to generate a decent level of income today.. However, ensuring that income beats inflation, and is sustainable, […]
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30 Dec 2024 1 min read
A dozen funds tipped to bounce back in 2025
by Jennifer Hill, from interactive investor, 30th December 2024: They say beauty is in the eye of the beholder and when it comes to investing it often pays to love the unloved. All investment strategies move out of favour or suffer setbacks from time to time – and holding your nerve means catching the rebound. […]
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09 Dec 2024 1 min read
How you can cash in on DEAL MANIA now
By ANNE ASHWORTH, Daily Mail, 7 December 2024: An astonishing £52billion worth of UK-listed businesses have succumbed to bids or mergers in 2024, in a feeding frenzy of deals that provokes concern – but also indicates an opportunity. The shrinking of our stock market is bad news for the economy – the pace of departures […]
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29 Nov 2024 1 min read
Which undervalued trusts could rerate in 2025?
By Jennifer Hill, Investment Trust Insider, 29 November 2024: Investment trust discounts are heading in the right direction, having narrowed by almost four percentage points from their lows in October last year, but they still have plenty of ground to make up. At the end of October 2023, amid rising interest rates and conflict in […]
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07 Oct 2024 1 min read
When will these high-income investment trusts recover?
by Jennifer Hill from interactive investor, 7th October 2024: For income-seeking investors, the attraction of allocating to traditional infrastructure or renewable energy was clear: long-term, stable revenues that are often government-backed and inflation-linked. However, as interest rates rocketed and demand for alternative sources of income plummeted, these investment trust sectors seriously sold off, causing share prices to plunge […]
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31 Jul 2024 1 min read
Nine funds for high income and top total returns
by Jennifer Hill from interactive investor, 30th July 2024: In some cases, having a high yield can come at the cost of overall total returns, but it’s not always the case: certain funds allow investors to have their cake and eat it. Greencoat UK Wind The trust boasts a share price total return of 129.2% […]
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15 Jul 2024 1 min read
Trusts set to prosper under Labour
By Emma Wallis, News editor, Trustnet, 12 July 2024: Chancellor Rachel Reeves has barely been in office a week but has already announced planning reforms to “get Britain building again”.. Labour promised in its manifesto to build 1.5 million new homes during the next five years and is establishing a housing task force to tackle […]
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30 Apr 2024 1 min read
Income investment trusts yielding above 4% and beating inflation
by Kyle Caldwell from interactive investor, 30th April 2024: For income-seeking investors, the ideal scenario is to find a fund with a high yield that delivers inflation-beating dividend growth and produces positive total returns (capital growth and income returns combined). However, ticking all three boxes is hard to consistently achieve, which is reflected in research […]
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15 Apr 2024 1 min read
Investment trust insider on benefiting from yield while waiting for a re-rating
Investment trust insider on benefiting from yield while waiting for a re-rating – James Carthew: I’ve bought two more renewables, now looking at UK equity income Disappointing inflation figures look likely to delay the start of interest rate cuts in the US. This is an unhelpful development for the many investment company sectors that have […]
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18 Mar 2024 1 min read
The income-generating trust sector trading at ‘ridiculous discounts’
Tom Aylott, PORTFOLIO ADVISER, 14 MARCH 2024: Trusts investing in renewables and infrastructure were high in demand a few years ago when the runway for growth was seemingly endless, but it has been quite a different story over the past couple of years. Five years ago, infrastructure trusts were trading on an average premium to […]
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26 Feb 2024 2 min read
Perfect Storm
Cherry Reynard, Portfolio Adviser Magazine, February 2024: Investment trusts have a well-deserved reputation as an effective way to manage such illiquid assets as property, smaller companies and infrastructure, yet the past 18 months have also highlighted the problems of this type of vehicle, as discounts have widened in response to higher interest rates, cost-disclosure problems […]
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11 Jan 2024 1 min read
Investment trust bargains: how to find them and where to look in 2024
by Kyle Caldwell from interactive investor, 11th January 2024: There are various ways to improve the odds of investment success, including having a diversified portfolio, investing over the long term, and rebalancing a couple of times a year. Another one is to keep a close eye on valuations and seek out undervalued areas of the […]
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03 Jan 2024 1 min read
Are investment trust discounts getting out of hand?
by Jennifer Hill from interactive investor, 28th December 2023: Risk-off sentiment has pushed investment trust discounts to historically wide levels and many boards have been proactively trying to address the issue. This year will be a record for share buybacks with almost £3.5 billion of investment trust share buybacks in the first 11 months, data […]
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13 Dec 2023 2 min read
The infrastructure trust with narrowing discounts
by Val Cipriani, Investors’ Chronicle, December 13, 2023: Infrastructure trusts have seen their average discounts to net asset value (NAV) narrow in the past month, as the decline of government bond yields brought some good news for the sector. But not all the trusts recovered to the same degree, overall discounts remain wide and the […]
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13 Nov 2023 2 min read
Why it’s a good time to invest in infrastructure
David Brenchley, The Times, Saturday November 11 2023: Infrastructure is all around us. From hospitals, schools and roads to the wind and solar farms that are used to power our lives. This omnipresence and the long-term need to build more of these assets have made infrastructure investment trusts popular. These trusts pool investors’ cash to […]
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30 Oct 2023 1 min read
Investment trust insider on costs and spreads
James Carthew: Where is investment companies’ Brexit dividend? In many articles over the past few years, I have expressed frustration that investment company share price discounts seem to be divorced from reality. Initially, this was centred around private equity funds, but over the past 12 months or so the problem has widened to encompass much […]
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06 Oct 2023 1 min read
Past the peak
Faith Glasgow, AIC Compass Magazine, October 2023: Interest rate rises took a breather in September, as the Bank of England narrowly opted to keep the base rate at 5.25% for a second month on the back of a further decline in inflation in August. It was the first break in the UK’s rising rate cycle […]
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12 Jun 2023 1 min read
Bargain Hunter: sizing up ‘cheap’ investment trusts on 5%-plus yields
by Kyle Caldwell from interactive investor, 8 June 2023: For investment trust fans now is one of the best opportunities over the past decade to try and pick up a bargain, as the chart below from stockbroker Numis shows. The average equity investment trust is trading on a discount a smidge over 10%, while those […]
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01 Jun 2023 1 min read
Investment trusts ditch their ‘inflation protection’ tag
By Val Cipriani, Investors’ Chronicle, June 1, 2023: Investment trusts are announcing below-inflation dividend increases, making it more difficult for investors to maintain the real value of their income – although some might be able to catch up in 2024 or 2025. Last week, core infrastructure trust HICL Infrastructure (HICL) said it intends to maintain […]
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20 Apr 2023 1 min read
Delving into the dividend: nine income trusts delivering top total returns
by Kyle Caldwell from interactive investor, 19th April 2023: There are sound reasons to look beyond ‘dividend hero’ investment trusts, as this research shows. Many investors like to buy funds and investment trusts that invest in dividend-paying companies or income-producing bonds… Investors should look beyond the dividend heroes However, investors should not just simply stick […]
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15 Mar 2023 1 min read
Investment trust insider on Greencoat UK Wind
Investment trust insider on Greencoat UK Wind – James Carthew: Renewables de-rating won’t last. Funds like UK Wind are too important The end of the month sees a big milestone for the investment companies sector – Greencoat UK Wind (UKW), the first of the renewable energy infrastructure trusts, will be 10 years old. The initial […]
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02 Mar 2023 2 min read
The trusts to buy for rising dividends
By Dave Baxter, Investors’ Chronicle, February 28, 2023: High dividend yields can be hard to resist, and there are many currently on offer in the investment trust universe. But a high yield can reflect recent price volatility, as with embattled Home REIT (HOME), or be a result of an especially esoteric portfolio, an example being […]
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30 Nov 2022 2 min read
Renewable energy infrastructure trusts hold out against extra profits levy
By Val Cipriani, Investors’ Chronicle, November 30 2022: Renewable energy infrastructure trusts are taking a relatively small hit from the electricity generator levy, as its effect on their net asset value (NAV) is offset by high power prices and inflation in the latest round of portfolio updates – but share prices are still recovering quite […]
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20 Oct 2022 1 min read
When will renewable energy investment trust prices recover?
By Val Cipriani, Investors’ Chronicle, October 19, 2022: While equities and bonds have taken a battering, infrastructure has become an increasingly popular asset class in the past year, with a reputation for helping investors’ fortunes while traditional strategies were busy plummeting. Renewable energy in particular looked attractive in an environment where energy can be sold […]
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21 Sep 2022 1 min read
Should you go defensive or back a bounce for beaten-up consumer stocks? Experts’ share picks to shuffle your portfolio and survive a harsh winter
By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 10 September 2022: There was a real ‘back to school and back to business’ feel in the air last week – until we learnt of the sad death of the Queen. While parents took pictures of uniformed offspring outside their front doors, the press took pictures of the […]
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12 Jul 2022 1 min read
Why these defensive investments will continue to deliver
Sam Benstead from interactive investor, 12th July 2022: Amid a sea of red this year, one sector is flashing green: infrastructure and renewables. Investors have had very few places to hide this year, as higher interest rates and inflation spark an exodus from the stock market. Year-to-date, US shares have fallen around 20% (S&P 500 […]
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1 min read
The best renewable energy infrastructure trusts
By Cherry Reynard, Investors’ Chronicle, July 6, 2022: Amid febrile stock markets, renewable energy infrastructure trusts should be a rare sweet spot. They offer inflation protection at a time of double-digit price rises, high dividends when income is scarce and access to renewables as policymakers strive to decarbonise. They are also exposed to rising power […]
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15 Jun 2022 1 min read
Wind farms, schools and broadband: Are infrastructure investment trusts the key to inflation-busting returns?
By MIKE SHEEN FOR THIS IS MONEY 14 June 2022 Infrastructure assets have long been regarded as a go-to means of achieving inflation-beating returns and, while prices soar elsewhere, the London market may currently offer investors bargain options… Renewable energy infrastructure trusts have raised more than £1billion since the start of the year, according to […]
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07 Jun 2022 1 min read
Investment trust insider on windfall taxes
Investment trust insider on windfall taxes – James Carthew: Windfall tax confusion shows UK is a risk for renewables investors It was good to see Bluefield Solar Income (BSIF) announce it had managed to raise £150m in an oversubscribed share issue before the Jubilee holiday. This follows a similar-sized fundraise by Gresham House Energy Storage […]
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16 May 2022 1 min read
Are NAV increases on renewable infrastructure trusts here to stay?
Kathleen Gallagher, Investment Week, 11 May 2022: At the beginning of this week (9 May) the JLEN Environmental Assets trust flagged that its Q1 NAV is likely to be 13-15% higher than the end of last year. The trust, and a number of its peers, are sitting on double digit premiums as they benefit from, […]
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22 Feb 2022 1 min read
Fund and trust ideas to income-boost portfolios to beat inflation
Cherry Reynard from interactive investor 15th February 2022: Four types of funds yield 5% plus. Cherry Reynard runs through the options, risks and potential rewards… In general, there are four types of investment that generate a yield in excess of 5%. The first are conventional equity income strategies… The second type of high-income fund operates at […]
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07 Feb 2022 1 min read
Investment trust insider on renewables, power prices and inflation
Investment trust insider on renewables, power prices and inflation – James Carthew: Inflation and high gas prices are good news for renewable income funds Last June, I wrote an article that sought to delve a bit into the many different assumptions that go into calculating net asset values (NAVs) for renewable energy funds, excluding the […]
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15 Nov 2021 2 min read
The alternative trusts allowing investors to capture new trends
Investment trusts enjoy record year for fundraising as they back a new wave of innovation November 11, 2021, Investors Chronicle, By Mary McDougall Investment trust fundraising amounted to £11.4bn in the first 10 months of the year, a record for the ancient fund structure which is now financing a new wave of innovation. Most striking is the […]
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1 min read
Renewable energy fuels new wave of investment trusts
Mary McDougall NOVEMBER 11 2021 Investment trusts focused on infrastructure, particularly those involved in renewable energy projects, have boomed this year as income-hungry investors and those wishing to back the energy transition have flocked to participate in record numbers of share issues. There is little sign of this momentum losing pace. One energy efficiency trust, […]
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04 Oct 2021 1 min read
How to cash in on the international supply crisis
Demand for oil, copper and other commodities is growing — could this help investors to beat the pressures of inflation David Brenchley, Saturday October 02 2021, 12.01am, The Times The prices of lithium, aluminium and copper are soaring, wholesale gas prices have jumped sixfold and the oil price has hit a three-year high. All of […]
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14 Jun 2021 1 min read
Investment trust insider on renewables
Investment trust insider on renewables – James Carthew: Navigating the NAV declines in renewables If you follow the renewable energy sector, you will have noticed the reductions in net asset values (NAVs) that have been prevalent over the last few quarters. Last week JLEN Environmental Assets (JLEN) and GCP Infrastructure (GCP), which has around 60% of […]
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01 Mar 2021 1 min read
Funds and trusts yielding above 5%: opportunity or value trap?
Funds and trusts yielding above 5%: opportunity or value trap? by Cherry Reynard from interactive investor | 25th February 2021 11:42 The year 2020 may have been a dismal one for income seekers, but the outlook for 2021 is brighter. There is now a wealth of funds and investment trusts showing yields of more than 5%. However, many investors saw […]
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23 Feb 2021 1 min read
Investment trust insider on renewables
Investment trust insider on renewables – James Carthew: How the renewables class of 2013 has changed beyond recognition Following the recent new issues and the oversubscribed £198m placing by Greencoat UK Wind (UKW) last week, the now 17 investment companies in the sector have a combined market value of about £10.5bn and are within a […]
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16 Nov 2020 1 min read
Engines of growth: Investment trusts for responsible investing
Engines of growth: Investment trusts for responsible investing By Mary McDougall, Investors Chronicle, 12 November 2020 Appetite for investment products with strong environmental, social and governance (ESG) credentials has boomed this year as the pandemic has put the need for a sustainable world under the spotlight. Enthusiasm has been helped by sustainable funds broadly outperforming their conventional peers […]
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19 Oct 2020 1 min read
Trusts could be the star of your portfolio
Trusts could be the star of your portfolio: Cash in by backing Sage of Omaha Warren Buffett and The Beatles By ANNE ASHWORTH FOR THE DAILY MAIL PUBLISHED: 21:50, 16 October 2020 | UPDATED: 08:48, 17 October 2020 A number of investment trusts have come to the market in recent weeks. These include the successful launch of Home, which will […]
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31 Mar 2020 1 min read
Renewable energy infrastructure companies hit by falling power prices
Renewable energy infrastructure companies hit by falling power prices By David Brenchley , Investment Week, 9 March 2020 A fall in power prices that has significantly reduced net asset value (NAV) of renewable energy infrastructure investment companies over the past six months is likely to remain a headwind for a sector that has been popular […]
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05 Mar 2019 1 min read
Investment Trust Insider on Greencoat UK Wind
Investment Trust Insider on Greencoat UK Wind – James Carthew: renewables swap subsidies for price rises Despite the volumes of hot air emerging from Westminster, UK wind speeds have been below seasonal averages for some time. This impacts on the earnings of the renewable energy generators with UK wind exposure. These are: Greencoat UK Wind (UKW), […]
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06 Mar 2018 1 min read
Investment Trust Insider on Bluefield Solar
Investment Trust Insider on Bluefield Solar – James Carthew: the high-yield solar fund basking in UK’s rays With the ‘Beast from the East’ receding it is time to think about spring and sunshine, specifically Bluefield Solar Income Fund (BSIF), the only one of the renewable energy investment companies I own. It has been a great […]
