paddingtonbear
19 Sep 2019
Results and additional dividend NAV up from 113.2 to 117.98p. Excellent year, generating enough money for fully covered dividend, a surprise bonus and still adding a little to the reserve fund. Share price significantly above NAV. BUT That may be peak prosperity as new acquisitions likely to be without govt subsidies, which in turn means the hefty prop will no longer be there. Thus future sites exposed entirely to variable market prices and energy demands, which alters prospects entirely. There has been chatter that existing funds should be closed off and new ones created for subsidy free risks, which is a point of view worth consideration. PB
shareordie
19 Sep 2019
Results and additional dividend All looks well at bluefield solar income, results look very good and an additional dividend has been announced, that’s quite unusual for such a good payer. All looking good.
strapuk
28 Feb 2018
Re: Results Many thanks for your thoughts FRTEB. I think I will hold fore for the time being.
FRTEB
27 Feb 2018
Re: Results " Thinking of adding GCP but holding off until the PFI issues and threatened stealing of assets by McConnell's Axis of Evil dies down. " Yes, good plan, but you might be waiting a while. I hold GCP but will not add any more at present. It's been in a descending channel for the last year or so... Although the dividend has been excellent it's also been static and the way things are I think there's more chance of a dividend cut than increase. It seems it's not politically acceptable for PFI to be profitable any more. Labour seems to want to take everything back into public ownership and as the Conservatives are running scared of losing votes it seems they also think profit is a dirty word. But both were all for PFI when it was convenient and they didn't want to pay for things up front! Renewable energy by comparison is publicly acceptable and desirable, increasingly competitive and far safer than nuclear so politically it's far less risky and the likes of TRIG, BSIF, JLEN, UKW, etc are sound investments for income.
strapuk
27 Feb 2018
Re: Results Agreed, I'm roughly equal in BSIF, TRIG and UKW which represents c.7.5% of my portfolio. Happy with these as bond replacements, only have 3% in Global bonds.Thinking of adding GCP but holding off until the PFI issues and threatened stealing of assets by McConnell's Axis of Evil dies down.
FRTEB
27 Feb 2018
Re: Results For diversification it might also be worth taking a look at TRIG and JLEN (I hold both).
Triggers broom
27 Feb 2018
Re: Results Very solid results, even "robust".Happy long term (forever) holder myself and I'm continuing to build my daughters JISAs with 100% BSIF. Ticks all the boxes and my daughters will love the sheep grazing and bee hives.
FRTEB
27 Feb 2018
Re: Results Only had a quick look so far but it looks like a good set of results. Opportunities for further acquisitions at attractive prices are thin on the ground so the manager is concentrating on getting the best out of existing assets = prudent management. Power generation continues to perform well and this year is 2.7% ahead of expectations despite less than expected irradiance, which underlines management's focus on getting the most out of existing assets and not pay over the odds for acquisitions. The power contracts that BSIF has entered into gives a degree of certainty of income for upto 3 years ahead and much of it is linked to RPI. £7.3m debt repaid (£2.7m repaid in previous year 2016) and restructuring of long-term loans on more favourable rates (2.875%) on £121.5m and 0.7% over RPI on £65.5m. With NAV at 112.40 and the shares at 114 BSIF is trading at a modest premium, so I take that to mean the shares are in demand. At a sp of 114 the yield is 6.5% based on the dividend target. Overall quite active and prudent management, very shareholder focused and a solid income. When I originally compared various solar only funds BSIF came out on top based on fundamentals, range of assets, income and gut feeling about the management. I've not been disappointed and this is another set of solid results.
shareordie
27 Feb 2018
Results Paying down a bit of debt seems prudent,Also enough earnings to pay the decent dividend and everything seems to be going well.
Damp Seaweed
08 Jan 2018
Re: Divi update ''The First Interim Dividend of 1.80 pence per Ordinary Share will be payable to Shareholders on the register as at 19 January 2018 with an associated ex-dividend date of 18 January 2018 and a payment date of 9 February 2018.''
vb6
08 Jan 2018
Re: Divi update Do we know to pay dates?Yours Wolves at the Doorvb6
Triggers broom
05 Dec 2017
Divi update The financial calendar has been updated and upcoming divis will be announced in December, March, June and September although interim results are due to be announced in Feb.
He who cannot be named
27 Nov 2017
Re: Annual Results Is the plant not held in SPVs off balance sheet so to speak, Bluefield itself acting as an investment vehicle and measuring its investment in the various SPVs through its own accounts?Said measurement will likely be after the appropriate depreciation within the SPVs, in effect they do not consolidate the operating results of the SPVs.
PIE-EATER
27 Nov 2017
To be fair in their runs 18.9 they said the next payment will be in January and they intent to make the payments more even.....can't recall whether that was monetary value or time wise
PIE-EATER
27 Nov 2017
Re: Pay dates? and I have contacted them directly in the past to say they are worse than B useless at shareholder communicationPE
