Update research from QuotedData
Source: RNS
Bluefield Solar Income Fund - Update research from QuotedData
12th 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/
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