Update research from QuotedData

RNS Number : 5738M

Bluefield Solar Income Fund Limited

12 January 2023

 

Bluefield  Solar Income Fund - Update research from QuotedData

12^th January 2023

Politicians cloud otherwise bright future

As we describe in this note, there are a lot of moving parts that go into making Bluefield Solar Income Fund (BSIF) run smoothly. However, the net result should be a fund that offers investors attractive, relatively predictable and largely inflation-linked levels of income, plus the prospect of capital growth.

In recent months, the actions of successive UK governments and sharp increases in bond yields have unnerved investors in the sector. This has created some discount volatility for BSIF and its peers.

However, we think that this is a short-term problem. We note that BSIF latest solar plants have secured long-term, predictable, and inflation-linked income through the government's current support mechanism for the industry (which uses contracts for difference - CfDs) - see page 5.

With greater clarity on windfall taxes and the impact of higher discount rates, BSIF's shares are trading closer to net asset value (NAV). The chairman says BSIF's latest acquisition (see page 14) helps underpin the board's confidence in delivering its dividend target of 8.4p per share for the current financial year. We see no reason why BSIF's shares should not return to trading at a premium to NAV.

Full Research:

https://quoteddata.com/research/bluefield-solar-income-fund-politicians-cloud-bright-future-qd/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note on Bluefield Solar Income Fund Limited and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

QUOTEDDATA
50 Gresham Street | London EC2V 7AY
Tel: [phone]

www.quoteddata.com | [e-mail] | www.martenandco.com

 

END

 

 

NRAUUOURORUAAAR