Greencoat UK Wind (UKW)

Sector:

Investment Firms

Index:

FTSE 250

144.00p
   
  • Change Today:
      4.80p
  • 52 Week High: 152.80
  • 52 Week Low: 102.00
  • Currency: UK Pounds
  • Shares Issued: 1,518.16m
  • Volume: 1,726,384
  • Market Cap: £2,186.15m

SSE to sell stake in Scottish windfarms to Greencoat, fund for £635m

By Frank Prenesti

Date: Friday 01 Feb 2019

LONDON (ShareCast) - (Sharecast News) - UK energy supplier SSE said it was selling 49.9% of its Scottish Stronelairg and Dunmaglass wind farms to Greencoat UK Wind and an unnamed UK pension fund for £635m.
SSE said in November 2018 it would sell stakes in its portfolio of onshore and offshore wind farms, in line with its strategy to create value from development and operation, as well as ownership, of assets.

The transaction is expected to complete by the end of March 2019 and SSE said it planned to use up to £200m of the proceeds to fund a discretionary share buyback. The remaining proceeds will be used to reduce net debt.

Greencoat said it would hold 35.5% of the two wind farms for £452m, while the fund would take the remaining stake for £183m.

The two wind farms will have generation capacity of 228 megawatts (MW) and 94MW respectively and load factors of 43% and 44%.

Greencoat added that it was raising up to £131m through a placing to institutional investors at 127p a share, a 5% discount to its last close price, to repay or reduce drawdowns on its revolving credit facility.

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UKW Market Data

Currency UK Pounds
Share Price 144.00p
Change Today 4.80p
% Change 3.45 %
52 Week High 152.80
52 Week Low 102.00
Volume 1,726,384
Shares Issued 1,518.16m
Market Cap £2,186.15m

UKW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.03% below the market average13.03% below the market average13.03% below the market average13.03% below the market average13.03% below the market average
42.6% below the sector average42.6% below the sector average42.6% below the sector average42.6% below the sector average42.6% below the sector average
Price Trend
72.01% above the market average72.01% above the market average72.01% above the market average72.01% above the market average72.01% above the market average
80.98% above the sector average80.98% above the sector average80.98% above the sector average80.98% above the sector average80.98% above the sector average
Income
32.39% below the market average32.39% below the market average32.39% below the market average32.39% below the market average32.39% below the market average
52.76% below the sector average52.76% below the sector average52.76% below the sector average52.76% below the sector average52.76% below the sector average
Growth
10.98% above the market average10.98% above the market average10.98% above the market average10.98% above the market average10.98% above the market average
10.78% above the sector average10.78% above the sector average10.78% above the sector average10.78% above the sector average10.78% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 2
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 14-May-20 13-Feb-20
Paid 29-May-20 28-Feb-20
Amount 1.77p 1.73p

Trades for 26-May-2020

Time Volume / Share Price
17:09 10,000 @ 144.00p
16:38 4,095 @ 144.00p
16:35 335,889 @ 144.00p
16:29 219 @ 143.00p
16:29 1,284 @ 143.00p

UKW Key Personnel

Chair Shonaid Jemmett-Page

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