littonowl
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Post by littonowl on Jun 16, 2017 17:46:28 GMT
Don't think it's a way to endear themselves to their customers though either, taking away something they've only recently offered. From a personal POV, timing's not great, having only just transferred an old cash ISA here to take advantage of this offer whilst waiting for some good projects to come along. As I'm not impressed with either GDFC or the tidal scheme, I'll be transferring this cash over to Ablrate instead now, as soon as they launch their IFISA. I didn't much like the look of GDFC either, but I had decided that the tidal one was probably worth a closer look, what didn't you like? The company operating the scheme. They're listed on AIM (LSE:ARL) and are poorly rated by Stockopedia (labelled a 'speculative sucker stock',with a rank of just 12 out of 100). They've a relatively high and growing net debt, have a poor Altman Score (bankruptcy risk indicator), score a zero on the Piotroski F health indicator and the share price has halved in the last 12 months. Maybe be the stats don't tell the whole story, but think it's probably enough for me to steer clear.
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Steerpike
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Post by Steerpike on Jun 16, 2017 18:30:31 GMT
Tidal power installations in Europe are rare it's true, so speculative indeed, I make the shares about par over 2 years and 20% down over 12 months, I think that there was a sharp rise in the share price a few months ago in anticipation of the government policy announcement which has since subsided. However, I do have a tendency to look favourably on investments that I want to work and I have been known to let that cloud my judgement. I will look more closely when the investment is available.
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littonowl
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Post by littonowl on Jun 16, 2017 18:44:37 GMT
Thanks steerpike. Yeah, the shares spiked at 84p last September, almost doubling inside a couple of months (the announcement, you referred to presumably?), but is back down at 41.5p now. I also would like tidal power to work, and I know what you mean about that clouding your judgement, I went from excitement about the project to feeling pretty disappointed once Id reviewed the company on Stockopedia.
I won't dismiss it out of hand yet, either, but I'll need some persuading now to part with long term cash (though might pick up a trading portion if it's moving quick, to try and make a relatively quick buck on the SM).
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scc
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Post by scc on Jun 16, 2017 19:52:59 GMT
Thanks for your analysis, both. I too liked the look of the tidal power and am keen to support its development. Was also wary of the debenture currently on offer as worried about previous complexity of scheme and brand legacy. Let's see what the final tidal offer looks like as I do have some money ready to reinvest at Abundance if the project is right.
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scc
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Post by scc on Jun 27, 2017 7:21:34 GMT
The tidal power offer is now open.
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Steerpike
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Post by Steerpike on Jun 27, 2017 7:39:06 GMT
Closes when target of £4.3m is reached or 16th August whichever is earlier, and the closing date could be extended by up to 2 months so theoretically 16th October.
Not over keen on the open door to further bonds/debentures that are not subordinate to this loan. Page 41 of the Offer Document states that Permitted Indebtedness may include "any further issuance of debentures under a new debenture deed on substantially the same terms as this Deed".
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gnasher
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Post by gnasher on Jun 27, 2017 11:27:59 GMT
Closes when target of £4.3m is reached or 16th August whichever is earlier, and the closing date could be extended by up to 2 months so theoretically 16th October. Not over keen on the open door to further bonds/debentures that are not subordinate to this loan. Page 41 of the Offer Document states that Permitted Indebtedness may include "any further issuance of debentures under a new debenture deed on substantially the same terms as this Deed". Agreed, very unwelcome, and there is a huge amount of secured debt that will rank ahead of these debentures. I like the idea of the business and am keen to support it, but 8% for in effect an unsecured loan for a company operating on the bleeding edge of technology development does not make a great deal of sense. If things go pear shaped then the guarantee from Atlantis Resources Limited will be worthless. All of these will certainly cap the amount I am prepared to put in, but I will invest a bit. That is a shame as I have loads of ISA money swilling around in Abundance that will stop earning interest soon. Hmmmm, what to do .... what to do ....
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Post by brianac on Aug 9, 2017 17:20:47 GMT
So, how long is the Biogas going to be "coming soon"?
Must be close to 6 months now
bets on if it will ever "go live"?
Brian
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greatmarko
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Post by greatmarko on Aug 11, 2017 9:50:33 GMT
So, how long is the Biogas going to be "coming soon"? Must be close to 6 months now bets on if it will ever "go live"? Brian Hmm... it's no longer showing in the pipeline
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scc
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Post by scc on Oct 7, 2017 5:14:53 GMT
There's a new offer up.
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IFISAcava
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Post by IFISAcava on Oct 7, 2017 14:58:59 GMT
19 years seems quite a while to invest for...
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scc
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Post by scc on Oct 7, 2017 17:08:05 GMT
19 years seems quite a while to invest for... In the past, most of Abundance's offers were over a similar time period as they tapped into the feed-in tariff as a way of paying off the loan. The good news is the effective interest rate increases over time as capital and interest is paid back every six months. So for this one, you'll effectively have the equivalent of all of your capital returned roughly 10 years into it. Personally, I find the regular income, long time frame and compounding effects once you have multiple long term loans appealing. But they certainly aren't for everyone - and there is a big inflation risk IMO.
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pom
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Post by pom on Oct 7, 2017 19:02:18 GMT
Personally I use ABG for my feelgood stuff....really can't predict the next 19yrs but I feel less *greedy* for supporting green stuff that is also reasonably sensible (and if I do well out of it as well......  )....well sign me up... |
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littonowl
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Post by littonowl on Oct 7, 2017 19:30:02 GMT
The above 2 posts sum up quite nicely why I also invest in Abu.
In addition they offer a flexible IFISA too, so you can counter cash drag somewhat and invest your money outside the wrapper while you wait for good investments to come along, without losing your ISA status.
As regards inflation, most economists/commentators seem to believe that its not a great threat and that any rate rises will be relatively small (‘lower for longer’). However, if there are signs of inflationary pressures, there’s always the SM, if you wish to exit early.
I like this latest offering, I supported the 12%, 1year MVB (is this likely to close early now?) and have taken some of this one to replace it when it does redeem.
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IFISAcava
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Post by IFISAcava on Oct 8, 2017 9:17:17 GMT
Personally I use ABG for my feelgood stuff....really can't predict the next 19yrs but I feel less *greedy* for supporting green stuff that is also reasonably sensible (and if I do well out of it as well...... )....well sign me up... I think that describes my feelings about Abundance (and the AC GEIA). I probably wouldn't use either based on the fundamentals alone, but the warm fuzzy feelings make the difference
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)....well sign me up...