Greencoat UK Wind (UKW)

Sector:

Investment Firms

Index:

FTSE 250

140.80p
   
  • Change Today:
    -1.80p
  • 52 Week High: 152.80p
  • 52 Week Low: 102.00p
  • Currency: UK Pounds
  • Shares Issued: 1,518.16m
  • Volume: 1,348,841
  • Market Cap: £2,137.57m

Greencoat UK Wind to raise £665m to pay debt, expand portfolio

By Duncan Ferris

Date: Thursday 02 May 2019

LONDON (ShareCast) - (Sharecast News) - Greencoat UK Wind on Thursday said it was raising £665m in order to pay down debt and fund the expansion of its portfolio of UK-based renewable energy projects.
Greencoat said it would issue up to 500m new ordinary shares over the next 12 months at 133p, a 6% discount to Wednesday's 142p close and a premium of 9.5% to the last reported NAV of 121.47p at 31 March.

"Following our investment in the high quality Stronelairg and Dunmaglass wind farms, and the imminent purchase of the Tom nan Clach wind farm, the share issuance programme launched today will enable the company to pay down debt and continue to capitalise on the strong pipeline of acquisition opportunities in the UK wind farm secondary market," said chairman Tim Ingram.

The Stronelairg and Dunmaglass wind farm investments have pushed Greencoat's debt up to £794m, or 34% of gross asset value.

"Given the size and scale the company has attained over recent years, UKW is well placed to make value-accretive acquisitions and further enhance returns for our shareholders," said Ingram.

Greencoat UK Wind's shares were down 2.46% at 138.50p at 0951 BST.

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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
Share Price 140.80p
Change Today -1.80p
% Change -1.26 %
52 Week High 152.80p
52 Week Low 102.00p
Volume 1,348,841
Shares Issued 1,518.16m
Market Cap £2,137.57m

UKW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.53% below the market average10.53% below the market average10.53% below the market average10.53% below the market average10.53% below the market average
35.5% below the sector average35.5% below the sector average35.5% below the sector average35.5% below the sector average35.5% below the sector average
Price Trend
66.18% above the market average66.18% above the market average66.18% above the market average66.18% above the market average66.18% above the market average
73.37% above the sector average73.37% above the sector average73.37% above the sector average73.37% above the sector average73.37% above the sector average
Income
30.7% below the market average30.7% below the market average30.7% below the market average30.7% below the market average30.7% below the market average
51.18% below the sector average51.18% below the sector average51.18% below the sector average51.18% below the sector average51.18% below the sector average
Growth
11.48% above the market average11.48% above the market average11.48% above the market average11.48% above the market average11.48% above the market average
11.04% above the sector average11.04% above the sector average11.04% above the sector average11.04% above the sector average11.04% 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 29-May-2020

Time Volume / Share Price
16:35 127,414 @ 140.80p
16:29 89 @ 141.20p
16:29 253 @ 140.80p
16:28 550 @ 140.93p
16:28 166 @ 140.80p

UKW Key Personnel

Chair Shonaid Jemmett-Page

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