SEIT is the first UK-listed investment fund to invest exclusively in the energy efficiency sector – an emerging and rapidly growing segment of the infrastructure market. The Income Trust will focus on projects driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy. These projects do not depend on subsidies, market incentives or energy markets for their returns. The fund intends to achieve its investment objective by investing principally in a diversified portfolio of Energy Efficiency Projects with high quality, private and public sector Counterparties.
Targeting a total return of 7-8 per cent. per annum, with a growing dividend yield.
Another investment trust in the renewable sector with minimal interest on freetrade.
Very Diversified.
Sold a asset at 4.5% premium
Update
Next years dividend 6.24p Edit 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
SEIT continues to fall with no bad news or any news for that matter.
11.7% Dividend.
It has excellent momentum…downwards!!
Note there is a RNS from 12 days ago;-
“SDCL Energy Efficiency Income Trust plc (LSE: SEIT) will announce its Interim Results for the six-month period ended 30 September 2024 on Wednesday 4 December 2024.”
A little bit of uncertainty about its contents?
Today no move (at the moment)
7 days down 4.6%
1 month down 12.3%
3 months 16.8%
This similar to the sector but more pronounced.
From the SEIT site
"Up to 75% of energy is currently lost in generation, transmission and distribution, and end use,
Energy efficiency is the cheapest and cleanest form of greenhouse gas emission reductions"