Stephen Rosser, investment director at NextEnergy Solar discusses the trust, results and its wide discount to net asset value.
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I hold a decent amount of NESF in my dividend portfolio and I’m happy to keep adding at a nice discount to NAV.
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NESF exdivided tomorrow.
Can be an good time to buy.
No, shares don’t always fall by exactly the same amount as the dividend.
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Nextgen solar shares have been in freefall since Dec 2022 with little hope in sight. I have not seen good reason to buy. The solar market needs to pick up before I would buy more.
Well don’t.
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NESF near 13% dividend 33% discount.
Gilts around 4.6% coupon.
Keynes
“that markets can remain irrational longer than you can remain solvent”
an appropriate quote for NESF and the infrastructure sector and in particular the renewables.
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Hello all I’m thinking of building a portfolio in NESF, I currently have GSF and UKW and I’m a big fan of quarterly dividends.
How is this fund is it financially stable? I’m not fussed on the sp just need a stable dividend
I’ve been in it for a couple of years now. All energy stocks are sucking pipe right now but the dividends keeps getting paid. Latest Div jas just been announced, if i could i would have chomped a few more up. Currently they pay me £100 a quarter, i think the div after this latest one will show if they can sustain it or even raise it.
100 per quarter? Nice
I’ll aim to buy enough for roughly 60 per quarter then go from there.
A little stabler than most
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4.5% £200 million preference shares.
Redeemable by the company in 2030 but only if the company wants to redeem them. If not they convert to ordinary shares in 2036"
Preference shares are counted as equity so that reduces their debt as far as lenders are concerned as lenders get paid before equity.
NESF up 12% over the month.
While Bluefield is down 8%?
No obvious logic in that.
BBGI Just received an offer at NAV.
An infrastructure trust but not in the renewables sector
From James Carthew of quoteddata
“Now I feel like Cassandra, I have been warning for ages that if investors didn’t recognise the value in the infrastructure and renewables sectors, then a corporate investor or a big institutional investor would. BBGI is perceived to be the quality name in the sector because it is designed to be low risk. Nevertheless, there is a read across to peers. These NAVs are real and if you don’t take advantage of the discounts and high yields on offer, someone else will.]”
Mchattie (also of quoteddata) was saying much the same in Fridays quoteddata and was also including renewables.
Money maker podcast tomorrow let’s see if they say the same… with the benefit of hindsight!!!
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What’s a good price to pay for this one is it sticky at 70p or is 80p a good price?
Continuing upwards. Others in the renewables sector are not recovering at the same rate or are still falling.
I make it roughly 120 purchases of own shares since july 2024.
They may have removed the sellers …for now!
Sounds good to me. Unfortunately I’ll miss the ex dividend this time maybe I’ll be able to open the position around the 68p mark. Once I buy NESF I’ll have income every month from dividends. I’ve already got GSF and UKW so I probably won’t buy any more renewables after these.
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First batch bought this morning. Next goal is to build up a respectable holding and enjoy the dividends. I hope we see a recovery soon in Renewables I don’t get why they are all dropping. I’m hoping it’s because the companies are consolidating and not expanding (no growth). Maybe it’s time NESF and UKW started to concentrate on paying off debt instead of buybacks perhaps?
It’s nice to finally see some green for a change with these renewable shares.
I’d say I must have bought them at the bottom but I thought exactly the same with UK Wind.
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Decent share price movement in NESF. VH global is another up 5% in a day on no news. SEIT on the other hand nothing. Dividend just short of 13% and discount 46%. Also the NAV has held up much better on SEIT.
What would you say is a good price for this one sub 70p?
Presently (NESF) on 12.5% dividend. Even if it never rose again like a bond it would be a bargain. But only If you think the dividend is sustainable. This years dividend should work out at 8.43p. At a £1 that would be 8.43%. Even at todays interest rates thats a bargain.
It is all about risk/reward. Supposedly the market is saying it is risky. I would say it is low demand which has created a self perpetuating fall in the share price.
I am buying SEIT at the moment very cheap with no logic in its fall (nill news). On the otherhand there is no news in the case of vh global either which is up 20% in the last month.
Its always worth remembering your being paid to wait…handsomely!
I forgot there is a seller (2 really) in the market for SEIT forcing down the price.
A product of a merger between 2 large wealth managers. SEIT is now to small for them.
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