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Nextenergy Solar Fund Ltd

Current Price 73.10p Bid 72.30p Ask 75.10p Change 1.11%
Last Updated: 18/04/2024 19:16. Prices delayed by at least 15 minutes.
Call 0113 243 6941 or search for your local office

Company Overview

NextEnergy Solar Fund Limited is a renewable energy investment company. The Company's investment objective is to provide ordinary shareholders with attractive risk adjusted returns, principally in the form of regular dividends, through a diversified portfolio of solar energy infrastructure assets and complementary technologies, such as energy storage. It seeks to achieve its investment objective by investing predominantly in solar photovoltaic (PV) assets. It seeks to provide ordinary shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of primarily the United Kingdom and Organization for Economic Co-operation and Development (OECD)-based solar energy infrastructure assets. The Company invests in solar PV assets primarily in the United Kingdom.

Financial Highlights Year Ended 31/03/2023

Revenue
£79.02m
Operating Profit/Loss
£48.32m
Dividend yield (%)
7.20
Total dividend for year
n/ap
Dividend cover
1.09
P/E Ratio
12.80
More Financials

Key Personnel

Mr Michael Bonte-Friedheim
Chief Executive Officer
Mr Caroline Chan
Non-Executive Director
Mr Joanne Peacegood
Non-Executive Director
Mr Patrick Firth
Non-Executive Director
Mr Paul Le Page
Non-Executive Director
Ms Helen M Mahy
Non-Executive Director
Ms Josephine Bush
Non-Executive Director

Stock Details

EPIC
NESFL
ISIN
GG00BJ0JVY01
Shares in Issue
308.81m
Market cap
£225.74m

Analyst Views (4)

Strong Buy
 
0%
Buy
 
25.00%
Hold
 
50.00%
Sell
 
25.00%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
73.10p
Bid Price
72.30p
Ask Price
75.10p
Volume
8,952
Change Today
0.80p
% Change Today
1.11%
Open
72.70p
Previous Close
73.10p
Intraday High
73.70p
Intraday Low
72.20p
52 Week High
108.80p
52 Week Low
70.70p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

More Charts

Income Statement

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
79.02
65.03
Operating Profit/Loss
48.32
127.55
Net Interest
n/a
n/a
Pre-Tax Profit
48.32
127.55
Profit After Tax from continuing operations
48.32
127.55
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
48.32
127.55
Attributable to:
Equity Holders of Parent Company
48.32
127.55
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Mar 2023
31 Mar 2022
Basic
8.20p
21.69p
Diluted
7.55p
17.34p
Adjusted
8.20p
21.69p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
n/a
n/a
Intangible Assets
n/a
n/a
Investment Properties
n/a
n/a
Investments
854.35
842.35
Other Financial Assets
n/a
n/a
Other Non-Current Assets
n/a
n/a
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
6.52
16.39
Cash at Bank & In Hand
14.35
19.61
Current Asset Investments
n/a
n/a
Other Current Assets
n/a
n/a
Other Assets
n/a
n/a
Total Assets
875.23
878.34

Liabilities

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
n/a
n/a
Other Current Liabilities
2.61
11.79
Total Current Liabilities
2.61
11.78
Non-Current Liabilities
Borrowings
198.20
198.06
Provisions
n/a
n/a
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
198.20
198.06
Other Liabilities
n/a
n/a
Total Liabilities
200.81
209.84

Net Assets

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Net Assets
674.42
668.50

Capital & Reserves

Year End Date
31 Mar 2023
31 Mar 2022
 
£ (M)
£ (M)
Share Capital
609.45
608.04
Share Premium Account
n/a
n/a
Other Reserves
n/a
n/a
Retained Earnings
64.97
60.46
Shareholders Funds
674.42
668.50
Minority Interests/Other Equity
n/a
n/a
Total Equity
674.42
668.50

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Q3
15 Feb 2024
28 Mar 2024
2.09p
Q2
16 Nov 2023
29 Dec 2023
2.09p
Q1
17 Aug 2023
29 Sep 2023
2.08p
Q4
18 May 2023
30 Jun 2023
1.88p
Q3
16 Feb 2023
31 Mar 2023
1.88p
Q2
17 Nov 2022
30 Dec 2022
1.88p
Q1
18 Aug 2022
30 Sep 2022
1.88p
Q4
19 May 2022
30 Jun 2022
1.79p
Q3
17 Feb 2022
31 Mar 2022
1.795p
Q2
18 Nov 2021
31 Dec 2021
1.79p
Q1
19 Aug 2021
30 Sep 2021
1.79p
Q4
20 May 2021
30 Jun 2021
1.7625p
Q3
18 Feb 2021
31 Mar 2021
1.7625p
Q2
19 Nov 2020
31 Dec 2020
1.7625p
Q1
20 Aug 2020
30 Sep 2020
1.7625p
Q4
21 May 2020
30 Jun 2020
1.7175p
Q3
20 Feb 2020
31 Mar 2020
1.7175p
Q2
21 Nov 2019
31 Dec 2019
1.7175p
Q1
22 Aug 2019
30 Sep 2019
1.7175p
Q4
23 May 2019
28 Jun 2019
1.6625p
Q3
21 Feb 2019
29 Mar 2019
1.6625p
Q2
15 Nov 2018
28 Dec 2018
1.6625p
Q1
23 Aug 2018
28 Sep 2018
1.6625p
Q4
24 May 2018
29 Jun 2018
1.605p
Q3
22 Feb 2018
29 Mar 2018
1.605p
Q2
16 Nov 2017
29 Dec 2017
1.605p
Q1
24 Aug 2017
29 Sep 2017
1.605p
Q4
25 May 2017
30 Jun 2017
1.5775p
Q3
23 Feb 2017
31 Mar 2017
1.5775p
Q2
17 Nov 2016
30 Dec 2016
1.5775p
Q1
25 Aug 2016
30 Sep 2016
1.5775p
2nd Interim
07 Jul 2016
22 Jul 2016
3.125p
1st Interim
03 Dec 2015
18 Dec 2015
3.125p
2nd Interim
09 Jul 2015
30 Jul 2015
2.625p
1st Interim
04 Dec 2014
17 Dec 2014
2.625p

Dividend Metrics

Year End Date
31 Mar 2023
31 Mar 2022
Dividend growth
5.03%
1.56%
Dividend yield
7.20%
6.90%
Dividend cover
1.09
3.03


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