Greencoat UK Wind

Ciprico

Bit off topic maybe, apologies
Is there a reason why orsted is not in inrg. Also orsted is not offered by interactive investor...?

Thrugelmir

123mat123 said:

Bit off topic maybe, apologies
Is there a reason why orsted is not in inrg. Also orsted is not offered by interactive investor...?

It is one of the holdings.
Orsted is a Danish listed company. I've always traded this off book, i.e. through a desk dealer,  rather than through online trades. 

bowlhead99

123mat123 said:

Is there a reason why orsted is not in inrg.

Orsted is the tenth largest holding in INRG as of Friday according to the iShares website. If you are looking at some old month-end data on an intermediary/ fund platform website it may be stale. But the benchmark is S&P Global Clean Energy, in which Orsted features.

Also orsted is not offered by interactive investor...?

II do trade in a number of foreign stock exchanges but on their international dealing page they don't mention offering the Danish stock exchange. So you wouldn't expect to see it. There may be some volume settling via CDI in London but not enough to offer online quotes.

I have Orsted in my Sipp with AJ Bell Youinvest. Originally bought online but haven't added for about 6 months. If I try to do a dummy sell, it says no online price quote, so I'd have to call.

Moe_The_Bartender

Slightly off topic but I recently bought into this fund which focuses not just on clean energy but on the environment generally.
https://ninetyone.com/-/media/documents/factsheet/91-oeic-global-environment-fund-i-gbp-factsheet-en.pdf

I like the holdings very much.

Voyager2002

MonroeM said:

I was considering investing in Greencoat because I feel it has potential in the renewable market. However, would it be better to invest in a fund/ETF such as INRG or an IT such as Ecofin Global Utilities? Thoughts welcome.

This report on Greencoat makes interesting reading:
https://www.trustintelligence.co.uk/investor/articles/2674?page_tab=returns&uuid=4b57de6a-25e8-4294-b9ac-65599d9ae117

So far as I am concerned, the main problem with Greencoat is that it is purely UK and so vulnerable to Brexit. Having said that, it does have a fairly wide 'moat' for the moment thanks to the Renewable Obligation: electricity distributors are required to buy a certain proportion of their energy from providers included on a list that closed in 2017. So about half of Greencoat's revenues are protected from competition unless/until government policy changes.

Greencoat shares periodically fall when new shares are listed, but this is IMHO good for the business since share capital is used to repay debt while debt is taken on in order to fuel expansion. And the 5 per cent yield is looking increasingly attractive as interest rates continue to plunge, something that should bouy up the share price.

Another_Saver

I don't think Brexit comes into it, the UK basing actually reduces any Brexit risk because there's no trade deal risk when your capital, employees, regulations are all within the UK market. But it's a fair point about the Renewal Obligation.
And how they run the business doesn't matter to me, the dividend is never going to rise faster than inflation so whatever they can do to protect it is fine with me (dividends per share appear to have kept up with RPI in spite of the dilution, and it's probably cheaper in the short run to replace debt with share capital).

Ciprico

bowlhead99 said:

123mat123 said:

Is there a reason why orsted is not in inrg.

Orsted is the tenth largest holding in INRG as of Friday according to the iShares website. If you are looking at some old month-end data on an intermediary/ fund platform website it may be stale. But the benchmark is S&P Global Clean Energy, in which Orsted features.

Also orsted is not offered by interactive investor...?

II do trade in a number of foreign stock exchanges but on their international dealing page they don't mention offering the Danish stock exchange. So you wouldn't expect to see it. There may be some volume settling via CDI in London but not enough to offer online quotes.

I have Orsted in my Sipp with AJ Bell Youinvest. Originally bought online but haven't added for about 6 months. If I try to do a dummy sell, it says no online price quote, so I'd have to call.

Thanks Bowlhead, 
Hargreaves Landown is my goto site for info (though I am not longer a customer). Orsted do not feature in their top 10, but I hold INRG so am reassured I have some exposure to them....

Dandytf

Not sure how I can setup DD during this year.
I'm only currently saving into HL pre Managed Select Funds Isa.
I've no way of Adding funds such as VT Gravis, unless I'm mistaken.
Maybe I need to wait until Feb or March 21'

Sue58

OP, you also have to consider that Greencoat is trading at a premium of around 8/10%. Therefore, I’d be inclined to invest in a fund such as VT Gravis, INRG or other funds in this category as it spreads the risk over several holdings rather than investing in only one company in this sector.

Voyager2002

Sue58 said:

OP, you also have to consider that Greencoat is trading at a premium of around 8/10%. Therefore, I’d be inclined to invest in a fund such as VT Gravis, INRG or other funds in this category as it spreads the risk over several holdings rather than investing in only one company in this sector.

The premium is purely notional since there is no market for the various productive assets that make up Greencoat.

I do agree with the second part of your comment: I find it odd that Greencoat is an Investment Trust rather than just another company, since it all appears to be one business.