Overview
Ecofin Water & Power Opportunities’ investment objectives are to achieve a high, secure dividend yield on its investment portfolio and to realise long-term growth in the capital value of its portfolio for the benefit of shareholders, while taking care to preserve shareholders’ capital.
Ecofin Water & Power Opportunities’ assets are primarily invested in the equity and equity-related securities of utility and utility-related companies although the Company may invest up to 15% of its gross assets in the debt instruments of such companies and may also hold significant cash or cash equivalent positions from time to time. For purposes of investment, utility companies are those involved in the generation, transmission, distribution and supply of electric power; the abstraction, treatment and distribution of water; the treatment of waste water and waste; the distribution of natural gas; and the transmission of energy. Utility-related companies are those that supply equipment, technology, fuel or services to utility companies or which enjoy natural monopolies in the provision of essential infrastructure services.
Research History
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18 Apr 2018 1 min read
QuotedData’s investment companies roundup – April 2018
QuotedData investment companies roundup – April 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2018. Kindly sponsored by Baillie Gifford. Stock markets have suffered their first meaningful fall for nearly two years. At the quarter end, […]
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13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
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27 Apr 2015 1 min read
The importance of income – where to find it?
Life used to be simpler. If you had a bit of spare cash or you wanted to save up for something you’d just stick some money in a bank or building society account. If you had a nest egg and wanted to invest it in something safe and live off the income, you’d maybe buy […]
News
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19 Sep 2016 5 min read
Ecofin updates on restructuring
In this instance we have reproduced the text of the announcement in full: Allocation of Assets and Reclassification of Shares Summary The net asset value of Ecofin Water & Power Opportunities plc (the “Company” or “EWPO”) was 158.02p per EWPO Share on the Calculation Date, comprising 135.5442p in respect of the liquid assets to form […]
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12 Aug 2016 2 min read
Ecofin offers more cash
Ecofin Water & Power Opportunities held its continuation vote on 24 June 2016, which was approved by shareholders on the basis that the Board would implement its reconstruction proposals. under these, shareholders would be: issued with shares in Ecofin Global Utilities and Infrastructure Trust, a newly incorporated investment trust that would invest in listed global utilities […]
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07 Jul 2016 3 min read
Ecofin reconstruction proposals update
On 31 May 2016, Ecofin Water & Power Opportunities plc published a circular and notice of general meeting to be held on 24 June 2016 at which the Company’s shareholders would vote on the continuation of the Company. The circular contained details of a proposed scheme of reconstruction of EWPO under section 110 of the […]
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30 Jun 2016 4 min read
Ecofin Water & Power’s results reflect Lonestar’s price fall
In the half-year to 31 March, 2016, the net assets of Ecofin Water & Power rose by 1.8% and the NAV per Ordinary Share rose by 0.5%. At the same time, the price of an Ordinary Share fell by 0.7% and the discount to NAV at which Ordinary Shares traded widened from 18.3% to 19.3% […]
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20 Jun 2016 1 min read
Ecofin Water & Power sells Direct Energie stake
Ecofin Water & Power Opportunities has announced the successful placement of its entire equity holding in Direct Energie, representing 4.37% of Direct Energie’s share capital. Pursuant to the placing, the sale of this holding, which represented 8.2% of the Company’s portfolio at 15 June, 2016, will raise GBP34.9 million. By 15 June, 2016, the shares […]
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23 May 2016 4 min read
Ecofin Water & Power Opportunities publishes reconstruction proposals
Ecofin Water & Power Opportunities has announced proposals for a reconstruction of the fund, ahead of a continuation vote, which is due to be held before the end of June 2016. The board say that, subject to the passing of the Continuation Vote, the Company intends to propose a scheme of reconstruction with shareholders being: […]
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22 Feb 2016 1 min read
Ecofin continuation vote fixed for 14 June
The Board of Ecofin Power & Water Opportunities has announced that the continuation vote referred to in the Chairman’s statement in the company’s annual report will take place at a General Meeting expected to be held on Tuesday, 14 June, 2016. As explained in the Chairman’s statement in the annual report, the Board is currently considering […]
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14 Jan 2016 3 min read
Ecofin suffers as Lonestar collapse amplified by gearing
Ecofin Power and Water Opportunities has published results for the year ended 30 September 2015. The value of their portfolio fell 24.0% over the financial year but, due to the effect of the gearing provided by the Convertible Unsecured Loan Stock, Zero Dividend Preference Shares and bank debt, the net asset value per ordinary share declined by […]
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21 Dec 2015 5 min read
Henderson Alternative Strategies sees performance pick up in second half
Henderson Alternative Strategies Trust has announced its annual results for the year ended 30 September 2015. During the period, the Company delivered a NAV total return of -5.0% compared with a 0.8% rise in its FTSE World Total Return Index global equity benchmark. However, the board say that they are very encouraged to see that […]
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29 Sep 2015 1 min read
How the utilities sector will fare over the medium term and three investment trusts to consider.
The performance of utilities companies across the world has been difficult so far this year, following strong performance in 2014. A relatively benign interest rate outlook, coupled with modest growth, saw the US provide much of the gains last year, but this year investors have become increasingly wary of the potential for interest rate rises […]
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20 May 2015 2 min read
Ecofin hit hard by Lonestar fall
Ecofin Power & Water’s total shareholders’ funds fell by 9.5% and by 8.0% on a total return basis over the six months ended 31 March, 2015. The net asset value per Ordinary Share fell by 12.0% on a reported basis, and by 10.6% on a total return basis. The price of an Ordinary Share declined by 7.0%as the […]
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21 Nov 2014 2 min read
Henderson Value Trust continuation vote looms
HVTR : Henderson Value Trust continuation vote looms At this year’s AGM shareholders of Henderson Value Trust will be asked to approve the continuation of the company in its current form. The company’s year end results make disappointing reading for shareholders but the Board is adamant that things are on an improving trend and the […]
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29 May 2014 1 min read
Ecofin Water & Power Opportunities : ECWO – interim results
Ecofin Water & Power Opportunities generated a total return of 9.0% on shareholders’ funds for the six months ended 31 March 2014. With the gearing effect of the zeros, the return on net assets for ordinary shareholders was 12.3% and the total return for ordinary shareholders was 13.4% as the discount on the ordinary shares […]
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27 Feb 2014 1 min read
Ecofin Water & Power Opportunities : 2016 plans
With both its zero dividend preference shares and its 6% convertible unsecured loan stock due for maturity in 2016, the Board of Ecofin Water & Power Opportunities has decided that it makes sense to hold a continuation vote early in 2016 at which ordinary shareholders will have a say in the future of the company.
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31 Jan 2014 1 min read
Ecofin Power & Water Opps : ECWO – results
Over the year to the end of September 2013 the assets of the company rose by 6.8%. The total return to an ordinary shareholder was 13.0% and the NAV return 11.0%. The numbers were held back by a fall in the value of ECWO’s largest holding, Lonestar Resources, in part because of a fall in […]
