Overview
JLEN Environmental Assets Group (formerly John Laing Environmental Assets Group) invests in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks. JLEN Environmental Assets’ portfolio consists of interests in UK based solar, onshore wind, anaerobic digestion, waste processing and wastewater projects.
We have written a number of notes that explain how the fund works:
- “Increasingly diversified as green-led recovery looms“, published in February 2021, talks about the fund’s plans to continue to expand its remit
- “Reliable source of income“, published in May 2020, emphasised the attractions of JLEN’s income sources in an environment of dividend cuts
- “Battery storage potential“, published in September 2019, looks at JLEN’s first foray into the battery storage market
- “Life extensions to boost NAV?”, published in March 2019, looks at JLEN’s consideration of extending the economic lives of its wind and solar assets to boost NAV
- “Diversification benefits shine through”, published in 2018, notes how the diversification of JLEN’s portfolio has allowed a smooth ride for investors
- “Anaerobic diversification”, published in March 2018, shows how JLEN’s access to waste and wastewater projects further separates them from their peers
- “Diverse renewables exposure”, published in September 2017, looks at diverse portfolio of JLEN and how they use it maintain long term value
You can access the company’s website here
Fundamentals
Price
Research History
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16 Feb 2021 29 min read
JLEN Environmental Assets – Increasingly diversified as green-led recovery looms
Increasingly diversified as green-led recovery looms JLEN Environmental Assets (JLEN) holds the most diversified portfolio within its peer group. Today, it is asking shareholders to approve a broader definition of environmental assets as well as increased exposure to construction-stage investments. JLEN trades at one of the highest premiums within its peer group. This may reflect its […]
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30 min read
JLEN Environmental Assets – Increasingly diversified as green-led recovery looms
Increasingly diversified as green-led recovery looms JLEN Environmental Assets (JLEN) holds the most diversified portfolio within its peer group. Today, it is asking shareholders to approve a broader definition of environmental assets as well as increased exposure to construction-stage investments. We think that JLEN’s premium, which is one of the highest within its group of […]
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29 min read
JLEN Environmental Assets – Increasingly diversified as green-led recovery looms
Increasingly diversified as green-led recovery looms JLEN Environmental Assets (JLEN) holds the most diversified portfolio within its peer group. Today, it is asking shareholders to approve a broader definition of environmental assets as well as increased exposure to construction-stage investments. We think that JLEN’s premium reflects its asset mix and the accompanying high proportions of […]
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14 May 2020 19 min read
JLEN Environmental Assets – Reliable source of income
Reliable source of income It is hard to gauge the true extent of the damage that the pandemic is inflicting on the global economy, but already many companies have been forced to reduce or suspend dividends. For investors reliant on income, the renewable infrastructure sector offers some sense of security. JLEN Environmental Assets Group’s (JLEN’s) […]
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19 min read
JLEN Environmental Assets – Reliable source of income
Reliable source of income It is hard to gauge the true extent of the damage that the pandemic is inflicting on the global economy, but already many companies have been forced to reduce or suspend dividends. For investors reliant on income, the renewable infrastructure sector offers some sense of security. JLEN Environmental Assets Group’s (JLEN’s) […]
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17 Apr 2020 12 min read
QuotedData’s Investment Companies Quarterly Review – First Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit Unprecedented times We have knitted […]
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07 Apr 2020 7 min read
QuotedData’s Economic Roundup – April 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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15 Oct 2019 10 min read
Investment companies quarterly roundup – Third quarter 2019
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]
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09 Sep 2019 30 min read
JLEN Environmental Assets – Battery storage potential
Battery storage potential JLEN Environmental Assets (JLEN) recently added two new revenue streams, hydropower and battery storage, to its already-diverse portfolio. It’s clear from the 16.5% premium to NAV, that investors are drawn to JLEN and its asset mix. In an environment where interest rates are falling, JLEN’s dividend yield (which is well-covered by cash […]
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30 min read
JLEN Environmental Assets – Battery storage potential
Battery storage potential JLEN Environmental Assets (JLEN) recently added two new revenue streams, hydropower and battery storage, to its already-diverse portfolio. It’s clear from its rating that investors are drawn to JLEN and its asset mix. In an environment where interest rates are falling, JLEN’s dividend yield (which is well-covered by cash flow) and high […]
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05 Jul 2019 8 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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15 Apr 2019 8 min read
Quarterly Investment Companies Roundup – First Quarter 2019
Quarterly Investment Companies Roundup – First Quarter 2019 QuotedData news Through the first quarter of 2019, global equities largely clawed back the losses suffered over the final weeks of 2018. How much longer this ten-year bull market can sustain itself is the subject of much debate. US interest rate rises have stalled, reflecting growing cautiousness. Elsewhere, […]
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15 Mar 2019 1 min read
John Laing Environmental Assets Group – Life extensions to boost NAV?
John Laing Environmental Assets Group – Life extensions to boost NAV? John Laing Environmental Assets Group (JLEN) says its NAV per share at the end of December 2018 was 102.8p, up 2.4p over three months. The dividend remains on-track to match the target of 6.51p for the year. Revenue generation was on budget, reflecting above-budget […]
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2 min read
John Laing Environmental Assets Group – Life extensions to boost NAV?
John Laing Environmental Assets Group – Life extensions to boost NAV? John Laing Environmental Assets Group (JLEN) says its NAV per share at the end of December 2018 was 102.8p, up 2.4p over three months. The quarterly dividend payments remain on-track to match the target of 6.51p for the year. The company’s revenue generation was […]
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25 Jan 2019 2 min read
QuotedData review of 2018 – Annual report investment companies
QuotedData review of 2018 – Annual report investment companies 2018 – the return of volatility A trade war, Brexit, US interest rate rises, slowing Chinese growth, a US government shutdown, a dispute over Italy’s budget, the Skripal poisonings, numerous elections – there was plenty to worry about in 2018. A last-minute dive left the US […]
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19 Dec 2018 2 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 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 August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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14 Sep 2018 1 min read
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 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 August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
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12 Sep 2018 1 min read
John Laing Environmental Assets – Diversification benefits shine through
John Laing Environmental Assets – Diversification benefits shine through The UK’s record-breaking summer has been good news for solar power but funds focused exclusively on wind have been faced with fairly low wind speeds. Of course, this situation may well reverse over the winter. John Laing Environmental Assets Group (JLEN) offers renewable energy investors the most diverse […]
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1 min read
John Laing Environmental Assets Group – Diversification benefits shine through
The UK’s record-breaking summer has been good news for solar power but funds focused exclusively on wind have been faced with fairly low wind speeds. Of course, this situation may well reverse over the winter. John Laing Environmental Assets Group (JLEN) offers renewable energy investors the most diverse portfolio in its sector and hence a […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 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 June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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2 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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11 May 2018 1 min read
QuotedData’s investment companies roundup – May 2018
QuotedData investment companies roundup – May 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 April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]
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25 Apr 2018 2 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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06 Mar 2018 1 min read
John Laing Environmental Assets Group – Anaerobic diversification
John Laing Environmental Assets Group – Anaerobic diversification Unlike other listed renewable energy funds, John Laing Environmental Assets Group (JLEN) has exposure to waste and wastewater projects. A recent move into anaerobic digestion (see page 3) further differentiates it from its peer group and increases the diversification of its portfolio. The adviser likes this area […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 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 December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – 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 November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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19 Oct 2017 2 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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14 Sep 2017 2 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – 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 August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
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06 Sep 2017 1 min read
John Laing Environmental Assets Group – Diverse renewables exposure
John Laing Environmental Assets Group – Diverse renewables exposure Since its launch in March 2014, John Laing Environmental Assets Group (JLEN) has built up a diverse portfolio of wind, solar, anaerobic digestion, waste and wastewater projects. It uses most of the revenue from these to pay its dividends (currently a yield of 5.9%) and the balance goes […]
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1 min read
John Laing Environmental Assets Group – Diverse renewables exposure
Diverse renewables exposure Since its launch in March 2014, John Laing Environmental Assets Group (JLEN) has built up a diverse portfolio of wind, solar, anaerobic digestion, waste and wastewater projects. It uses most of the revenue from these to pay its dividends (currently a yield of 5.9%) and the balance goes to reinvest in new […]
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03 Aug 2017 2 min read
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – 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 July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – 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 June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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3 min read
QuotedData’s economic round up – July 2017
QuotedData’s economic round up – July 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Jun 2017 2 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – 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 May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: 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 April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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15 Mar 2017 1 min read
QuotedData investment companies roundup – March 2017
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 February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
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07 Dec 2016 1 min read
QuotedData’s round up of views on the global economy – December 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. december-economic-and-political-roundup
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27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
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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
News
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03 Mar 2021 2 min read
JLEN Environmental Assets makes its third investment into battery storage systems
JLEN Environmental Assets (JLEN) announced the acquisition of a 100% equity stake in Gigabox South Road (GSR). GSR holds the development rights to construct the West Gourdie project, a 50MW lithium-ion battery energy storage plant-based in Dundee. The acquisition will see JLEN invest up to £21.2m over the next 12-15 months. JLEN notes that the West Gourdie […]
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19 Feb 2021 2 min read
QuotedData’s weekly news show 19 February 2021
QuotedData’s weekly news show 19 February 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: JLEN Environmental Assets expanding remit KKV Secured Loan update BH Global – shareholders to vote on BH Global fees […]
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16 Feb 2021 3 min read
JLEN Environmental expanding remit
JLEN Environmental expanding remit – JLEN Environmental hopes to widen what it is allowed to invest in. Shareholders need to approve the change. Under the planned revised investment policy, the company will continue to seek to achieve its investment objective by investing in a diversified portfolio of environmental infrastructure. However, the definition of “environmental infrastructure” […]
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04 Feb 2021 1 min read
JLEN buys Codford Biogas
JLEN buys Codford Biogas – JLEN Environmental Assets is buying an electrical exporting food waste anaerobic digestion plant. The deal involved the purchase of a 100% equity stake in Codford Biogas Limited. This is the holding company for the Codford anaerobic digestion plant in Wiltshire. The plant is permitted to process 100,000 tonnes of food waste each year. […]
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26 Nov 2020 2 min read
QuotedData’s morning briefing 26 November 2020
In QuotedData’s morning briefing 26 November 2020: JLEN Environmental Assets Group’s half year results show a small drop in NAV from 97.5p to 96.1p, driven by falling power and gas price estimates. Dividends are on target, however and these are covered by cash generated from operations. Montanaro UK Smaller’s interim results show it lagging its Numis […]
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20 Nov 2020 4 min read
QD view – Looking after the environment
Over the next few weeks, QuotedData is hosting a series of webinars focused on ESG – environmental, social and governance – aspects of investing that are increasingly important to investors. The first of these, on 24 November, will look at the ‘E’ in ESG. The main thrust of the debate around tackling the environmental issues […]
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18 Sep 2020 2 min read
More Hydro and battery storage for JLEN Environmental Assets
JLEN Environmental Assets (JLEN) has announced that it has acquired Northern Hydropower Holdings Limited (NHHL) for a total consideration, including working capital, of £4.74m. NHHL owns 100% of the equity in Northern Hydropower Limited, which in turn holds the rights to two operational hydro projects, which includes a co-located operational battery storage system at one […]
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1 min read
QuotedData’s morning briefing 18 September 2020
In QuotedData’s morning briefing 18 September 2020: We have details of the GRIT Real Estate Income’s disposal of its stake in Anfaplace Mall, JLEN Environmental Assets acquisition of two hydro assets (one with a co-located battery storage asset), Macau Property Opportunities progress with its loan refinancing and its divestment of its remaining individual unit at One […]
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18 Aug 2020 1 min read
QuotedData’s morning briefing 18 August 2020
In QuotedData’s morning briefing 18 August 2020: Acorn Income declared a third interim dividend of 5.75p – in line with previous quarters – but its revenue reserves are running down as it uses these to top up income lost to dividend cuts by companies in its portfolio. Revenue reserves at 30 June were 14.6p, having been […]
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11 Jun 2020 5 min read
JLEN sets out its plans for the future
JLEN’s results covering the year ended 31 March 2020 have been published. Highlights for the period were: NAV of 97.5 pence as at 31 March 2020 (31 March 2019: 104.7 pence), reduction primarily driven by the effect of the long-term power price forecast on the portfolio value Total dividends declared of 6.66 pence (2019: 6.51 […]
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28 May 2020 2 min read
QuotedData’s morning briefing 28 May 2020
In QuotedData’s morning briefing 28 May 2020: Aberdeen Standard European Logistics Income (ASLI) posted a NAV total return of 8.6% in 2019 it reported today in full year results. IFRS earnings per share for the year was 9.6 euro cents, covering a dividend of 5.75 euro cents. Earlier this week ASLI made a NAV announcement for […]
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02 Apr 2020 1 min read
JLEN buys Peacehill anaerobic digestion plant
JLEN buys Peacehill anaerobic digestion plant – JLEN has announced an investment in the Peacehill Farm anaerobic digestion (AD) plant for an aggregate amount of £11m. Unusually, the investment takes the form of the provision of a debt facility and an investment to gain a minority equity stake in JLEAG AD Limited, the company which holds, […]
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26 Mar 2020 2 min read
covid-19 update from JLEN Environmental
covid-19 update from JLEN Environmental – “The JLEN portfolio has made a positive start to the calendar year, with generation approximately 15% over budget including very strong performance from the wind assets due to good wind resource. Foresight anticipates that there may be a further short-term reduction in power prices due to an anticipated drop […]
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02 Mar 2020 2 min read
Report: UK government to renew support for onshore windfarms
It was announced earlier today that the UK will reintroduce support for onshore windfarms, four years after deciding to end support for new projects. It is believed that the policy reversal reflects a view that onshore wind will be crucial to the UK’s chances of delivering on its target of net zero carbon emissions by […]
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28 Feb 2020 1 min read
QuotedData’s other news 28 February 2020
In QuotedData’s other news 28 February 2020: Aberdeen Standard European Logistics has announced a 4% increase in its NAV (in euro terms) which translates into a small fall in its sterling NAV as the pound strengthened following the election. The NAV moved from €1.07 to €1.11 and 94.95p to 94.21p. The company continues to pay quarterly […]
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27 Feb 2020 1 min read
QuotedData’s other news 27 February 2020
In QuotedData’s other news 27 February 2020 JLEN Environmental’s fundraise was significantly oversubscribed. The placing, which was only available to professional investors, will result in the issue of 49,701,820 new shares at 115p, raising gross proceeds of £57.2m. JLEN will use the money to finance “an identified pipeline of near-term opportunities across the bioenergy and flexible […]
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11 Feb 2020 1 min read
QuotedData’s other news 11 February 2020
In QuotedData’s other news 11 February 2020 – Investment Company (INV), which invests in the UK growth and income sector, reported interim results to 31 December 2019. Over the period. the company’s NAV increased by 7.61 %, compared with the FTSE all-share index’s 3.44% return. We also have a major update on the future of Hadrian’s Wall […]
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2 min read
JLEN Environmental Assets announces restructuring in its management arrangement and placing proposal
JLEN Environmental Assets Group (JLEN) has announces that, following an internal restructuring at Foresight Group, Foresight Group LLP (Foresight) has replaced Foresight Group CI Limited (Foresight CI) as investment adviser to JLEN. As announced by the company on 5 June 2019, Foresight CI was appointed as investment adviser to JLEN with effect from 1 July […]
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05 Feb 2020 1 min read
Marten & Co Income Strategies Conference 2020
Marten & Co Income Strategies Conference 2020 Many thanks to those of you who made it to our inaugral Marten & Co Income Strategies Conference. We had some great presentations from a diverse range of income funds. JLEN Environmental – Shires Income – Civitas Social Housing – Henderson Diversified Income – Polar Capital Global Financials The […]
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29 Jan 2020 2 min read
JLEN NAV impacted by power price fall
JLEN NAV impacted by power price fall – JLEN’s NAV has dropped from 104.7p to 101.8p over the final three months of 2019. The reason is a fall in assumptions about long-term power prices – a topic we covered in another story this morning – “electricity price forecasts have reduced by c. 7.5% from the […]
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2 min read
Renewable energy funds under attack from brokers
Renewable energy funds under attack from brokers – Shares in many renewable energy funds slumped yesterday as first Chris Brown of JPMorgan and then Matthew Hose of Jefferies said they were overvalued. Their analysis (which we can’t show you and you can’t get hold of unless you work for a large investment firm and pay […]
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28 Jan 2020 2 min read
JLEN gets diversified exposure to new build assets
JLEN gets diversified exposure to new build assets – JLEN has made a €25m commitment to Foresight Energy Infrastructure Partners SCSp (“FEIP”), a Luxembourg limited partnership investment vehicle. The majority of the partnership’s investments will be in construction-stage European renewable energy generation infrastructure such as wind farms and solar parks, and FEIP will also have an […]
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13 Dec 2019 2 min read
JLEN Environmental Assets acquires anaerobic digestion plant
JLEN Environmental Assets acquires anaerobic digestion plant – JLEN Environmental Assets (JLEN) has acquired an anaerobic digestion plant and a associated waste collection business. It has bought a 70% stake in Bio Collectors Holdings (BCH). BCH, through its subsidiary companies holds the rights and operational assets that make up the anaerobic digestion (AD) plant and the Bio Collectors waste […]
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21 Nov 2019 4 min read
JLEN Environmental scope for further diversification
JLEN Environmental scope for further diversification – at 30 September 2019, JLEN Environmental’s NAV stood at 104.7p per share, unchanged from the value at the end of March. Within the portfolio, things seem to be on the right track but positive developments were offset by lower energy price forecasts. The dividend target has been met, […]
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29 Aug 2019 1 min read
JLEN Environmental buys Norfolk AD plant
JLEN Environmental buys Norfolk AD plant – JLEN Environmental Assets Group is buying Warren Power Limited for an initial consideration, including working capital, of GBP14.8 million, plus possible additional deferred payments up to GBP0.8m. Warren Power owns 100% of the equity in Warren Energy Limited, which holds the rights and operational assets that make up the Warren […]
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19 Jul 2019 2 min read
John Laing Environmental Assets Group adds low head hydro and battery storage
John Laing Environmental Assets Group (JLEN) has announced that it has acquired Yorkshire Hydropower Holdings Limited (YHH”) for a total consideration, including working capital, of £4.3 million. YHHL is an entity that owns 100% of the equity in Yorkshire Hydropower Limited (YHL), which in turn holds the rights to two operational hydro projects and an […]
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13 Jun 2019 6 min read
JLEN diversification creates opportunities for higher returns
John Laing Environmental Assets has released results for the year ended 31 March 2019. Over that period, the NAV rose from 99.6p to 104.7p; the trust met its 6.51p dividend target and announced a 6.66p target for the current financial year. The dividend was covered 1.2x by cash flow generated by the portfolio. The chairman […]
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05 Jun 2019 2 min read
John Laing team on the move – Environmental Assets little affected
John Laing team on the move – Environmental Assets little affected. The board of John Laing Environmental Assets Group has announced a change of investment adviser – from John Laing Capital Management (“JLCM”) to Foresight Group CI Limited, which is expected to be effective from 1 July 2019. Increased resources, same fees John Laing Group […]
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20 May 2019 1 min read
QuotedData’s other news 20 May 2019
John Laing Environmental Assets Group (JLEN) has announced the appointment of Hans Joern Rieks as a non-executive director of the company, commencing 13 June 2019. LXi REIT (LXI), the specialist inflation-protected very long income REIT, has reported annual results for the year ended 31 March 2019. LXI’s leases are typically 20 to 30 years to expiry […]
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19 Dec 2018 2 min read
John Laing Environmental Assets buys Biogas Meden anaerobic digestion plant
John Laing Environmental Assets Group (JLEN) has announced that it has acquired an anaerobic digestion asset, Biogas Meden Limited, for £16.2m. Biogas Meden owns the Welbeck Anaerobic Digestion Plant. Following this acquisition, JLEN has a portfolio of six anaerobic digestion projects and the total capacity of the renewable energy assets in the JLEN investment portfolio […]
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12 Sep 2018 2 min read
John Laing Environmental Assets launches a Placing, Offer for Subscription and Intermediaries Offer
John Laing Environmental Assets launches a Placing, Offer for Subscription and Intermediaries Offer – John Laing Environmental Assets Group (JLEN) is targeting an issue of £50 million through the issue of new ordinary shares at a price of 102 pence per share. The issue price of 102 pence per share represents a premium of 2.4% to the last published NAV as […]
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16 Aug 2018 2 min read
John Laing Environmental Assets acquires another anaerobic digestion plant
John Laing Environmental Assets acquires another anaerobic digestion plant – John Laing Environmental Assets (JLEN) has announced the acquisition of an anaerobic digestion (AD) asset, from Merlin Renewables Limited for a total consideration, including working capital, of c. £18.1 million. Location The Merlin AD plant is located in Hibaldstow, North Lincolnshire and was commissioned in September 2014. The […]
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21 Feb 2018 1 min read
John Laing Environmental Assets announces £30m bookbuild
John Laing Environmental Assets announces £30m bookbuild – Further to the announcement on 12 February 2018 of its intention to undertake a share issuance programme, JLEN has further announced that they will be targeting the raising of £30m via a bookbuild. This is to be used to repay amounts drawn under the revolving credit facility in order to finance […]
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02 Feb 2018 2 min read
John Laing Environmental adds another anaerobic digestion asset
John Laing Environmental adds another anaerobic digestion asset – John Laing Environmental Assets has announced an investment in the Icknield Farm anaerobic digestion (AD) plant. The investment consists of the provision of a debt facility to repay existing loans and acquisition of a minority equity stake from private individuals who were the project’s developers for an […]
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12 Dec 2017 1 min read
John Laing Environmental buys Welsh wind farm
John Laing Environmental buys Welsh wind farm – John Laing Environmental Assets has announced the acquisition of Llynfi Afan Wind Farm from John Laing Group for a cash consideration, including working capital, of GBP43.0 million. Llynfi Afan Wind Farm is located in the Afan Valley, Abergwynfi, West Glamorgan in Wales and comprises 12 Gamesa 2MW G80 turbines […]
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06 Nov 2017 2 min read
John Laing Environmental gets replacement for David Hardy
John Laing Environmental gets replacement for David Hardy – The board of John Laing Environmental Assets Group says that it has been notified by John Laing Capital Management (“JLCM”), the investment adviser to the Company, that Chris Holmes will join JLCM in January 2018 to take on the role as joint lead adviser to the company. […]
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29 Aug 2017 1 min read
John Laing Environmental buys anaerobic digestion plant
John Laing Environmental buys anaerobic digestion plant – John Laing Environmental Assets Group has acquisition of Vulcan Renewables Ltd for a total consideration, including working capital, of GBP15.3 million. The acquisition, in partnership with experienced operator Future Biogas Ltd, is the Company’s first investment in the anaerobic digestion sector, further diversifying the Company’s portfolio of […]
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07 Jul 2017 1 min read
John Laing Environmental Assets’ placing raises £40m at 103p per share
John Laing Environmental Assets (JLEN) has announced that its placing has raised £40 million through the issue of 38,834,951 new ordinary shares at a price of 103 pence per new ordinary share. JLEN says that the Placing was significantly oversubscribed and applications have been scaled back in accordance with the terms of the placing. The […]
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19 Jun 2017 1 min read
John Laing Environmental extends credit facility
John Laing Environmental extends credit facility for a further year – John Laing Environmental Assets, the listed environmental infrastructure fund, has signed a new three-year (with an uncommitted option to extend for a further year) facilities agreement which provides for a committed revolving credit facility of GBP130 million and an uncommitted accordion facility of up to […]
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06 Jun 2017 2 min read
John Laing Environmental Assets acquires CSGH Solar Portfolio for £12.2m
John Laing Environmental Assets (JLEN) has announced that it has acquired the CSGH Solar Portfolio for a total consideration, including working capital, of £12.2 million from sPower Holdings (UK) Limited. The acquisition, which was effected by purchasing the entire share capital of the holding company of the CSGH Solar Portfolio, was funded by a draw-down […]
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22 May 2017 1 min read
John Laing Environmental Assets acquires the Moel Moelogan 1 wind farm for £3.0m
John Laing Environmental Assets (JLEN) has announced that, further to the acquisition of the Moel Moelogan 2 wind farm (made of the on 20 April 2017), it has made a follow-on acquisition of the Moel Moelogan 1 wind farm (pictured) for a total cash consideration of £3.0m, including working capital and the repayment of a […]
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20 Apr 2017 1 min read
John Laing Environmental Assets acquires the Moel Moelogan 2 wind farm for £22.65m
John Laing Environmental Assets has announced that it has acquired the Moel Moelogan 2 wind farm (MM2) for £22.65m cash, including working capital and the repayment of a project finance loan at completion. The acquisition was funded by a draw-down under the Company’s revolving credit facility. Moel Moelogan 2 is an onshore wind farm located […]
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19 Jan 2017 1 min read
John Laing Environmental Assets proposes £25m fund raise
John Laing Environmental Assets (JLEN) has announced that it is proposing to raise £25m by way of an initial placing under its placing programme, the prospectus for which was published on 16 December 2016. It intends to use the net proceeds to fund a near term pipeline of opportunities across the Solar, Wind and Biomass […]
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23 Nov 2016 3 min read
John Laing Environmental held back by adverse weather
John Laing Environmental Assets has published its half-year results to 30 September 2016. The NAV was 98.3p at 30 September 2016 (31 March 2016: 96.7p) with the positive movement in the period reflecting primarily an increase in forecast electricity prices. The portfolio valuation as at 30 September 2016 was GBP320.7m (31 March 2016: GBP264.5m). Total dividends were […]
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22 Jul 2016 1 min read
John Laing Environmental Assets acquires Kettering wind farm for £11.8m
John Laing Environmental Assets has announced that it has acquired New Albion Wind Farm from John Laing Group plc for a cash consideration of £11.8m, including working capital. New Albion Wind Farm is located near Kettering, Northamptonshire and comprises seven Senvion MM92 turbines with a total generating capacity of 14.4MW. The site has been operational […]
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30 Jun 2016 1 min read
John Laing Environmental buying Dungavel wind farm
John Laing Environmental has announced the acquisition of Dungavel Wind Farm from John Laing Group for a cash consideration, including working capital, of GBP38.2 million. Dungavel Wind Farm is located in South Lanarkshire, South-West Scotland and comprises 13 Vestas 2MW V80 turbines with a total generating capacity of 26MW and is accredited for 0.9 ROCs. […]
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17 Jun 2016 4 min read
John Laing Environmental impacted by lower power prices
John Laing Environmental Assets has published results for the year ended 31 March 2016. Over the 12 month period to 31 March 2016 shareholders have seen a share price total return of –2.5% whilst over the same period the NAV total return per share was +3.1%. The discrepancy is largely due to the reduction in […]
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27 May 2016 1 min read
John Laing Environmental Assets raises £35m
John Laing Environmental Assets has announced that its placing has raised gross proceeds of £35.19m through the issue of 36m ordinary shares at 97.75p per ordinary share. The company says that the net proceeds of the Placing will be used to repay amounts drawn down on the Company’s revolving credit facility. The company expects that […]
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21 Apr 2016 1 min read
John Laing Environmental Assets placing to raise up to £65m
John Laing Environmental Assets has announced that it is proposing to raise up to £65m by way of a cash placing of new ordinary shares to institutional investors. The company says that the net proceeds of the Placing will be used to repay the Company’s facility to provide capital for pipeline acquisitions. On 17 March, […]
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17 Mar 2016 1 min read
John Laing Environmetal acquires Pylle Southern Solar Park for £6.1m
John Laing Environmental Assets has announced the acquisition of Pylle Southern Solar Park, near Shepton Mallet in Somerset, for £6.1m (including working capital). The company has also extended its revolving credit facility from £50m to £65m. Commissioning of the solar park was completed in December 2015 and it has a total generating capacity of 4.99MW. […]
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03 Dec 2015 1 min read
John Laing Environmental Assets buys Burton Wold Extension
John Laing Environmental Assets has announced that it has purchased the Burton Wold Extension Wind Farm from John Laing Group plc for a cash consideration, including working capital, of £21.8m. The wind farm is located near Burton Latimer in Northamptonshire and comprises nine General Electric 1.6MW-100 turbines with a total generating capacity of 14.4MW. The […]
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20 Nov 2015 1 min read
John Laing Environmental looking at refinancing wind assets
John Laing Environmental has published interim results covering the six months ended 30 September 2015. Its NAV of 101.2 pence as at 30 September 2015 was unchanged from 31 March 2015 after adjusting for dividends paid during the period ands despite the impact of the subsidy changes announced in July. The interim dividend was 3.027p, up from […]
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17 Nov 2015 1 min read
John Laing Environmental Assets buys additional solar PV portfolio
John Laing Environmental Assets has announced the acquisition of a solar photovoltaic portfolio for a cash consideration, including working capital, of £9.7m. The fully operational 2.3 MW solar energy generation portfolio comprises 303 systems of residential rooftop, commercial rooftop and commercial ground mounted solar PV installations, distributed across England, Wales and Scotland. The company says that […]
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02 Nov 2015 1 min read
John Laing Environmental acquires 4.2MWp solar portfolio for £18.8m
John Laing Environmental Assets has announced the acquisition of a 4.2 MWp solar energy generation portfolio for £18.8m. The portfolio comprises 796 systems of residential rooftop, commercial rooftop and commercial ground mounted solar PV installations, distributed across England, Wales and Scotland. The portfolio benefits from the UK feed-in tariff for 25 years from the date […]
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03 Aug 2015 2 min read
John Laing Environmental buys two more solar projects
John Laing Environmental Assets has bought two solar plants for £20.37m. Monksham Solar is located near Frome in Somerset, with a total generating capacity of 10.7MW and is accredited for 1.6 ROCs. John Laing Environmental Assets has bought all its ‘B’ shares plus other economic interests from the founding shareholders and Green Nation, the developers of […]
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09 Jul 2015 2 min read
Budget changes to Climate Change Levy hit Renewables
Changes in yesterday’s budget in relation to the Climate Change Levy (removal of Climate Change Levy exemption) for renewable electricity have had a knock-on effect on the net asset values of companies operating in the renewable energy sector as it changes the assumptions used to calculate them. Greencoat UK Wind says it was already factoring […]
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04 Jun 2015 2 min read
John Laing Environmental shrugs off fire damage and low wind speeds
John Laing Environmental Assets has published its first set of results covering the period from its launch on 31 March 2014 to the end of March 2015. The NAV at the end of the period, adjusting for the dividend, was 98.2p – this compares to the 100p launch price and the 98p initial NAV of the company […]
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01 Apr 2015 1 min read
John Laing Environmental buying a solar park and two wind farms
John Laing Environmental is buying a solar park and two wind farms off John Laing Group for £42.54m. They are funding the transaction from their £50m credit facility. The solar park deal relates to Branden solar park where they are buying a 64% stake. Branden Solar comprises two separate solar parks located near Bodmin in Cornwall, with […]
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20 Nov 2014 1 min read
Everything on track at John Laing Environmental
JLEN : Everything on track at John Laing Environmental John Laing Environmental Assets has published its first set of figures since it listed in March, covering the period up to the end of September 2014. They raised £160m and invested all of that into seven environmental infrastructure assets on nine sites. The initial net asset […]
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11 Sep 2014 1 min read
John Laing raising cash to fund three acquisitions
JLIF : John Laing raising cash to fund three acquisitions John Laing Infrastructure is raising up to £50m via a tap issue of stock. The money will be used to fund three acquisitions it announced today. They are spending £39m on a 50% stake in the South East London Police Stations project (four South East […]
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07 Aug 2014 1 min read
John Laing Environmental says fire will not affect dividend
JLEN : John Laing Environmental says fire will not affect dividend A fire that struck John Laing Environmental’s Frog Island Mechanical Biological Treatment Facility in East London has been brought under control. The full extent of the damage is still being assessed. The facility is fully insured and John Laing Environmental says it expects the […]
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09 Jul 2014 1 min read
Independent Investment Trust : IIT – interim results
Independent Investment Trust, managed by Max Ward (pictured), delivered a total return on its net asset value of 5.2% over the six months ended 31 May 2014 compared to returns of 4.8% for the FTSE All-Share Index and 4.0% for the FTSE World Index. The discount widened from 6.5% to 8.6%. The dividend is unchanged at […]
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11 Apr 2014 1 min read
John Laing Environmental Assets : JLEN – acquisitions
John Laing Environmental has announced that it has completed on its deals to acquire Amber Solar, Castle Pill & Ferndale Wind and Bilsthorpe Wind projects from the John Laing Group. They already tied up the acquisitions of the Dumfries & Galloway Waste, Hall Farm Wind and Tay Wastewater Projects and so John Laing Environmental has now […]
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24 Jan 2014 1 min read
Independent Investment Trust : IIT – final results
IIT has announced its final results for the 12 months ended 30 November 2013. Over the year Independent’s net asset value total return (including income) was 20.2%. By comparison the FTSE All-Share Index returned 19.8% and the FTSE World Index 22.5% over the same period. IIT’s discount narrowed during the year, boosting the return to shareholders to […]
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23 Feb 2021 2 min read
Investment trust insider on renewables
Investment trust insider on renewables – James Carthew: How the renewables class of 2013 has changed beyond recognition Following the recent new issues and the oversubscribed £198m placing by Greencoat UK Wind (UKW) last week, the now 17 investment companies in the sector have a combined market value of about £10.5bn and are within a […]
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17 Dec 2020 2 min read
Shape the things to come
SHAPE THE THINGS TO COME Portfolio Adviser IT Guide, 16 December 2020 James Carthew, Director QuotedData Shareholders in investment companies have a significant edge over their open-ended counterparts when it comes to seeking out ESG-oriented investments The investment world has a big role to play in shaping the future of the planet for the benefit […]
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22 Nov 2020 2 min read
Investment trust insider on Downing Renewables
Investment trust insider on Downing Renewables – Another potential investment company launch emerged this past week as Downing Renewables & Infrastructure Trust (DORE) published an intention to float announcement and followed up with its prospectus today. It joins an increasingly crowded field – there are already 14 funds in the AIC’s Renewable Energy Infrastructure sector. However, […]
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16 Apr 2020 2 min read
Alternative income trusts for the dividend drought
Alternative investment trusts for the dividend drought By Dave Baxter, Investors Chronicle, 16 April 2020 Some 45 per cent of UK companies had scrapped their dividends by 5 April and the situation is likely to deteriorate… But equity trusts are not the only source of income – many investment trusts focused on alternative asset classes such […]
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31 Mar 2020 2 min read
Renewable energy infrastructure companies hit by falling power prices
Renewable energy infrastructure companies hit by falling power prices By David Brenchley , Investment Week, 9 March 2020 A fall in power prices that has significantly reduced net asset value (NAV) of renewable energy infrastructure investment companies over the past six months is likely to remain a headwind for a sector that has been popular […]
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25 Mar 2020 2 min read
Risky Renewables: the bulls vs the bears
Risky Renewables: the bulls vs the bears by Jennifer Hill, Issue 53, Investment Trust Insider ezine Until recently, shares in renewable infrastructure investment trusts were trading at all-time highs, reflecting investor enthusiasm and flows into the asset class. However, a string of negative broker notes has cast doubt on the sustainability of returns and caused their premiums over net asset value (NAV) to drop. […]
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28 Mar 2019 2 min read
Top ISA picks for 2019
Top ISA picks for 2019 – QuotedData’s James Carthew is one of a number of analysts suggesting investment companies that could be worth considering for this year’s ISA. This article was written by Investors Chronicle’s Leonora Walters. 10 investment trusts for your Isa 2019 Investment trusts are a good option for many different types of […]
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05 Mar 2019 2 min read
Investment Trust Insider on Greencoat UK Wind
Investment Trust Insider on Greencoat UK Wind – James Carthew: renewables swap subsidies for price rises Despite the volumes of hot air emerging from Westminster, UK wind speeds have been below seasonal averages for some time. This impacts on the earnings of the renewable energy generators with UK wind exposure. These are: Greencoat UK Wind (UKW), […]
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26 Oct 2018 2 min read
QuotedData – Private Investor Events
QuotedData, the award-warning research house, has come on board as a sponsor for Master Investor Show 2018 and will join the Main Stage line-up on Saturday, 17 March, at London’s Business Design Centre. QuotedData’s CEO Edward Marten will host a panel session titled ‘Investment Companies – why are they the largest and fastest growing sector […]