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

Greencoat UK Wind adds new windfarms and sees strong pipeline

By Duncan Ferris

Date: Friday 26 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Greencoat UK Wind on Friday reported continued net cash generation from its portfolio as the business added new assets and said its pipeline of acquisitions remained healthy.
The wind farm investor's net cash generation for the six month period ended 30 June came in at £67.5m, flat on last year's figure of £67.4m, while it also raised £505.7m through a share issue and acquired three wind farms after investing £611.1m.

Greencoat now owns 35.5% of the 227.7MW Stronelairg and 94MW Dunmaglass wind farms in partnership with SSE (50.1%) and a major UK pension fund (14.4%), after shelling out £452.6m.

It also snapped up a 75% interest in the 39.1MW Tom nan Clach wind farm and completed its acquisition of the 45MW Douglas West wind farm project.

At the end of the first half of the year the fund's gross asset value stood at £2.4bn, up from £2.3bn at the end of the first quarter, while net asset value stood at £1.9bn, equivalent to 123.2p per share, up from £1.5bn at the end of March.

The company said its pipeline of further acquisitions remains strong and the future appears positive for investment in renewable energy after the UK parliament adopted a net zero emissions target for 2050.

Tim Ingram, chairman of Greencoat UK Wind, said: "I am pleased to report another good first half performance, which reflects the continued delivery of our simple, low risk and proven strategy. The solid performance and cash generative nature of our portfolio has enabled us once more to increase our dividend in line with RPI whilst maintaining strong dividend cover."

Greencoat UK Wind's shares were up 0.50% at 139.90p at 0815 BST.

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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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