Anyone got any idea why this is dropping? Have they cut the dividend?
I haven’t heard of a cut, there was something in the news at the end of last year about regionalising electricity prices. If they have a lot of wind farms in Scotland it might reduce the price they get for generated electric
Storm incoming this weekend, seems sentiment across the whole sector is dire, no choice but to wait for a turnaround. I wish the companies would give us more updates like a monthly report and fact sheet. TRY does this and it’s most helpful, however that is another share that has declined alot since late September, interest rates expectations alot to blame.
I think they finished their buyback this week and their average price for share was ~1.20. Price should stabilise now. I’ll be buying some more while it’s low.
Same here let’s keep a low price at least until after payday
So the update is in now. Some good news some bad I say. I’m happy they aim to increase the dividend by too every year, but I’m not sure where the growth will come from if they keep selling off assets. Here’s hoping they know what they are doing.
More buybacks again today. I wonder if they have a target shares in issue? (I.e under 2bn?)
Also I just noticed they aren’t disposing of the shares they are putting them in treasury. I wonder when or if they will cancel some of them.
If they cancel them, doesn’t that mean they would have to issue more equity in the future? If that was an avenue they wanted to go down. If they keep them, they could sell them in the future, but doubt this will ever trade on a premium while rates are elevated.
Right just bought some more this morning so I now own 2500 shares.
I’ve reached my target for now but I reckon I’ll buy some more in the future.
Just bought some more couldn’t resist. I reckon anything under 1.2 is a bargain for this share. Don’t forget the ex dividend date on the 13th Feb
Same. Averaged up to £1.15. UKW is my only stock in the green for renewables. NESF/ORIT also up this year though. Hopefully lower borrowing costs makes it a good year for these stocks.
1.15 nice I’ve never seen it that low. I originally bought in around the 1.32 mark and then sold at 1.44 for a quick profit. Bought back in again at 1.25 and have averaged down to 1.21.
My other renewable share GSF is down but hey ho at least I can buy shares at a good discount.