This investment trust funds green energy projects that provide energy to commercial, industrial and public sector buildings.
Thoughts on this stock and why it might have seen a drop in price?
No idea?
To long ago
but
Another investment trust in the renewable sector with minimal interest on freetrade.
Very Diversified.
Sold a asset at 4.5% premium
Update
This years dividend is 6.24p 3 payments of 1.56p already made.
“The Company is targeting a dividend of 6.24p per share in respect of the financial year to 31 March 2024.”
Buy today at 62.3p
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General Atlantic increased its shareholding in SEIT as per this RNS
https://www.lse.co.uk/rn…ny-aup7rozurldajwi.html
It’s also has a large shareholder in SDCL the managers of SEIT. See article citywire
Article 17th June 2024
https://citywire.com/wea…iciency-manager/a2444517
“General Atlantic (GA) is a global growth equity firm that provides capital and strategic support to help companies grow. GA was founded in 1980 by an entrepreneur and philanthropist and is headquartered in New York City. The firm has over $21 billion in assets under management and more than 100 investment professionals in offices around the world.”
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Fallen 9.5% in the last month on no news.
Now on a 11% covered dividend.
Very diversified.
I Am adding to.
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Share price fall bigger than sector.
Possible reason
From Quotedata:-
“Two of SEIT’s largest investments, Onyx, an established provider of distributed clean energy solutions to commercial and industrial customers across the United States, and EVN, a successful electric vehicle charging platform in the UK, are growing fast and ahead of budget. Both platforms require further capital. SEIT says that it is therefore actively pursuing financing, co-investment and disposal opportunities to support the growth of these assets and secure value for its shareholders.”
A possible reason for the fall ie uncertainty as to the funding for the 2 projects. Uncertainty is not good for the share price.
Diversified by sector and geography (Asia, Europe, UK and US)
PS 11.8% trailing dividend. This years 1st quarter dividend has been raised. Expected dividend is 12.06% at 52.40p (todays end of trade bid price)
Dividend confirmed today with ex date set for the 12th December.
I’ve had a few for a while, but over the last few weeks have doubled down.
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Up 7% after todays interims.
I can only assume the market was expecting bad news.
No mention of sale or a partnership to help with the 2 fast growing companies.
A decent set of accounts.
If trading at NAV this years dividend would be 7%. A decent reward for the extra risk compared to gilts/savings accounts.
Specially if you add a rising dividend.
BARGAIN!!
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One on the 2 high growth businesses.
Worth looking at the projects they have done.
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This investment trust focuses on financing green energy projects that supply power to commercial, industrial, and public sector buildings. It’s a great opportunity for those looking to invest in sustainable energy.