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Prices & Quotes - UK Markets - Greencoat UK Wind (UKW)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 134.80p
Change Today:
-0.40p
Market Cap:
2,663.11m
Sector:
Equity Investment Instruments

Greencoat UK Wind's NAV growth offset by lower premium

By Iain Gilbert

Date: Thursday 25 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Renewable energy investor Greencoat UK Wind said on Thursday that shareholder returns had slipped in 2020 as a lower premium offset an increase to the group's overall net asset value.
Greencoat reported a 0.6% increase in its net asset value during the year to 120.4p but shareholders saw their return drop 6.2% as the group's premium fell, likely reflecting recent share issuance and falling power prices across the sector.

The FTSE 250-listed firm generated 2,952-gigawatt hours of zero-carbon electricity in 2020, enough to power 1.2m homes and reduce carbon dioxide emissions by approximately 1.5m tonnes per year.

Portfolio generation was 3% below budget, while power prices were also below budget, primarily due to low gas prices and low power demand as a result of the Covid-19 pandemic and its associated lockdowns, especially in the first half.

However, Greencoat noted that dividends of 7.1p per share were covered by cash generated by 1.3x.

Chairman Shonaid Jemmett-Page said: "We are pleased to report another good performance, building on the track record we have established since coming to market in 2013.

"Our simple, low risk and proven strategy has enabled us to grow the portfolio through the acquisition of high-quality assets and to increase our dividend in line with RPI, once more."

As of 1010 GMT, Greencoat shares were down 0.46% at 130.80p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

UKW Market Data

Currency UK Pounds
Price 134.80p
Change Today -0.40p
52 Week High 148.00p
52 Week Low 124.60p
Volume 2,083,436
Shares Issued 1,975.60m
Market Cap 2,663.11m

Performance Indicators

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

UKW Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 13-May-21 11-Feb-21
Paid 28-May-21 26-Feb-21
Amount 1.79p 1.77p

Trades for 07-May-2021

Time Volume / Share Price
16:35 396,639 @ 134.80p
16:29 73 @ 135.19p
16:28 754 @ 135.02p
16:27 31 @ 135.00p
16:27 3 @ 135.19p

UKW Key Personnel

Chair Shonaid Jemmett-Page