MPC Capital AG’s Post

Foresight Solar’s second quarter net asset value was £656.8 million or 114.9 pence per share. The portfolio’s good availability and the investment manager’s active power price hedging strategy ensured another quarter of steady cash flow from operations. The board is confident FSFL will meet its 8.0pps target dividend for the year with a net dividend cover of 1.4x. In line with our disciplined capital allocation approach, focused on returning cash to shareholders and repaying debt, the directors allocated up to £10 million more to the ongoing share buyback programme, bringing its total to a potential £50 million. The repurchases have added a cumulative 1.9pps uplift to NAV since FSFL began buying back its shares in May 2023. In a treasury management initiative to reduce interest payments, Foresight Solar substituted a £43 million tranche of its GBP drawing on the multi-currency revolving credit facility to EUR, better aligning its capital structure with its investment exposure. The move lowered the expected weighted cost of the interest payable on the RCF by 80 basis points and, based on current rates, has the potential to save at least £360,000 by the end of the year. Read the full announcement on our website: https://lnkd.in/e59p7AQ7 #InvestmentTrusts #SolarEnergy

We are thrilled to announce that Uniper has successfully refinanced and increased its syndicated credit line. This means that Uniper now has the necessary basis to implement our transformation strategy on the financing side as well. Dr. Jutta Doenges, our CFO, summarised our sentiments: "The early refinancing of the syndicated credit facility is a clear sign that the capital and financing market is recognising Uniper’s regained stability and new strategic direction.” Details include: ✅ New syndicated credit line of €3 billion replaces the previous credit line of €1.7 billion ✅ Term of three years plus two extension options of one year each, providing flexibility and stability ✅ Integration of Uniper's CO2 reduction targets and strategic expansion of renewable energies into financing conditions for the first time ✅ Consortium of 19 international banks, including both existing and new partners, underscore confidence in Uniper's strategy and transformation ✅ "Sustainability-linked credit" agreement emphasises our commitment to environmental stewardship and responsible business practices We extend our gratitude to all our partners and stakeholders who have supported us in achieving this milestone. Together, we are driving positive change and shaping a more sustainable future. #TheBeatingHeartOfEnergy #Sustainability #RenewableEnergy #Finance

🚀 MPC Capital reports strong H1 results and raises full-year guidance for 2024 📈 Today we reported a strong operating performance for the first half of 2024, along with our refined strategy focused on maritime and energy infrastructure 📈. Key highlights: • Strategic focus: We remain committed to sustainable and profitable AuM growth, with a focus on projects related to the energy transition. • Revenue growth: Revenues increased to EUR 21.2 million (+18% yoy), boosted by strong AuM growth. Highly profitable H1 2024: Earnings before taxes (EBT) came in strong at EUR 16.5 million (+ 80% yoy), both driven by new business activities and strong co-investment returns. • Given this excellent momentum, we have raised our full-year revenue guidance by 5% to around EUR 40 million and our EBT guidance by 15-25% to EUR 23 million to EUR 25 million. For more details of the H1 report, please visit our website: https://lnkd.in/ews8acjv #MPCCapital #FinancialResults #Maritime #Energy #Infrastructure #InvestmentManagement #AssetManagement

Explore last week's insights from Mercer Capital. 𝗕𝗹𝗼𝗴𝘀: Family Business Director: Heatwaves, Hurricanes, Selloffs, Oh My https://mer.cr/3WTQ4vv Auto Dealer Valuation Insights: July 2024 SAAR https://mer.cr/4fDct7S RIA Valuation Insights: Build, Buy, or Outsource https://mer.cr/3M2Nk97 Energy Valuation Insights: What Does the Valuation Process Entail for an Oil and Gas Royalty Interest? https://mer.cr/4dAZKkR #valuation #thoughtleadership #businessvaluation

The Utility sector's notable underperformance vs. the Midstream sector, as well as vs. the broad market has led many real asset investors to ask, "is it time to swap out of midstream stocks and buy utilities?" Recurrent's last investment letter (Feb 2024) examined the divergent trends evident in recent announcements by Midstream and Utility stocks. While Midstream companies are retiring debt and surprising the market with the magnitude of cash returns to investors, Utilities are piling up debt as low-return capex faces a world of rising rates and less friendly political landscapes. https://lnkd.in/dhyUEAF

Correlate Energy (OTC: CIPI) Converts Nearly $8 Million of Debt into Preferred Equity, Strengthening Financial Position and Converting Most of Its Debt into Equity #CIPI #CorrelateEnergy #EnergyEfficiency #RenewableEnergy #SustainablilityProfitable #EnergyOptimization #nasdaq #stocks #stockstowatch #stocksinnews Correlate Energy Todd Michaels Johan Themaat https://lnkd.in/gKHHSCTb

Back in 2020-2022, we warned clients and prospective investors about the unsustainable trends of falling returns and rising debt in the Utility sector. We weren't just throwing stones - we had seen our own midstream sector go through a similar painful period during 2014-17. It took many years (and significant underperformance) for the Midstream sector to cut payouts, cut debt, consolidate many weaker players and turn into the fundamentally sound sector it is today. On the other hand, Utility investors are hoping for a recovery after only modest equity underperformance, minimal dividend cuts and without a fundamental re-evaluation of what constitutes a sustainable capital allocation and financing plan. Historical experience in highly leveraged real asset sectors does not support this goldilocks view.

Wind-energy titan Ørsted will pitch its strategic plan to investors this week, after a disastrous 2023 that saw a multi-billion-dollar writedown on US projects and the dismissal of two top executives. Just eight months after its last major update to shareholders, the firm will seek to make the case that supply-chain issues and soaring costs are now contained. Chief Executive Officer Mads Nipper will need to present a convincing recovery plan after overseeing Orsted’s value slide to less than a third of its 2021 peak. #EnergyConnects #energynews #energyindustry #news #oott #windpower #energytransition

Alsons Consolidated Resources Inc. (ACR), the listed company of the Alcantara Group reported a steady growth for the third quarter of 2024, with net income reaching P1.88 billion—a 6% increase compared to P1.77 billion in the same period last year, and a significant rise compared to the P1.06 billion in net income generated in the first half of the year. #renewableenergy #reit #retail #informationtechnology #manufacturing #insurance #banking #bonds #stockmarket #stocks #realestate #finance #Business #Corporate #Corporation #Entrepreneur #Philippines #Financial #PersonalFinance #AI #GoNegosyo #Invest #Investment #investingtips

RBC Capital sees 25% upside for shares in Bluefield Solar Income Fund after tweaking its valuation in the wake of the latter's interim results. In a short note, the investment bank set a 130p target for the stock (down 5p from its previous valuation), which is still well ahead of the current price of 104p. This adjustment reflects a modest fall in the NAV in the first half. a valuation that allows the shares to trade at par with the BSIF's net asset value. #LSE #BSIF More at #Proactive #ProactiveInvestors http://ow.ly/k01Z105kEXX