Investment Trusts

The Renewables Infrastructure Group Limited

TRIG:LSE

The Renewables Infrastructure Group Limited

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  • Price (GBX)98.60
  • Today's Change-1.60 / -1.60%
  • Shares traded3.87m
  • 1 Year change-21.50%
  • Beta0.1381
Data delayed at least 20 minutes, as of Apr 25 2024 18:08 BST.
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About the company

The Renewables Infrastructure Group Limited (TRIG) is a Guernsey-based closed-ended investment company. The Company’s investment objective is to provide investors with long-term, stable dividends, whilst preserving the capital value of its investment portfolio, principally through investment in a range of operational assets which generate electricity from renewable energy sources, with a particular focus on wind farms and solar photovoltaics (PV) parks. Its diversified portfolio predominantly consists of operational wind farms, solar parks and battery storage projects in the United Kingdom and Europe. It invests in a portfolio of onshore wind, offshore wind, solar PV, and battery storage projects spread across the United Kingdom, Ireland, France, Germany, Spain, and Sweden. InfraRed Capital Partners Limited is the Company’s investment manager. Renewable Energy Systems Limited acts as the Company’s operations manager.

  • Revenue in GBP (TTM)-24.20m
  • Net income in GBP5.80m
  • Incorporated2013
  • Employees0.00
  • Location
    The Renewables Infrastructure Group LimitedEast Wing, Trafalgar Court, Les BanquesSAINT PETER PORT GY1 3PPGuernseyGGY
  • Phone+44 1 481749700
  • Websitehttps://www.trig-ltd.com/
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Profile

Management group(s)InfraRed Capital Partners Ltd
AIC sectorRenewable Energy Infrastructure
ISINGG00BBHX2H91
Launch date29 Jul 2013
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

To generate sustainable returns from a diversified portfolio of renewables infrastructure that contribute towards a zero-carbon future. The Company invests principally in operational assets which generate electricity from renewable energy sources, with a particular focus on onshore wind farms and solar PV parks.

Managed by

Richard Crawford

Management & contract fees

Management fee of 1% of the Adjusted Portfolio Value in respect of the first GBP 1 bn of the Adjusted Portfolio Value, 0.8% between GBP 1bn and 2 bn, 0.75% between GBP 2 bn and 3 bn and 0.70% in excess of GBP 3 bn.No performance or acquisition fees. The contract is terminable on 12 months notice.

Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
TRIG:LSE since
announced
Transaction
value
Fig PowerDeal completed13 Feb 202413 Feb 2024Deal completed-1.20%25.25m
Data delayed at least 20 minutes, as of Apr 25 2024 18:08 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Personal Assets Trust PLC39.06m20.74m1.66bn0.00119.140.9626--42.350.04050.04050.0965.010.0221------1.174.931.174.96--89.2453.0985.17----0.0026.70-96.81---113.47----5.92
Templeton Emerging Markets Inv Trust plc199.29m167.88m1.71bn0.0010.700.9056--8.590.14430.14430.17241.700.0975--21.19--8.222.518.332.5790.0772.5984.2466.74----0.049192.05108.34-34.66100.57-60.07--10.76
Mercantile Investment Trust PLC97.69m75.21m1.72bn0.0023.030.9222--17.480.09550.09550.12382.390.0443--18.98--3.413.533.433.5578.7080.4676.9878.52----0.149568.44138.65--127.31----3.96
JPMorgan American Investment Trust PLC329.10m318.32m1.77bn0.005.501.11--5.291.731.731.798.570.2151--381.12--20.8013.7021.0213.8297.7597.4396.7295.36----0.04767.47349.4289.00321.69138.62--3.58
Caledonia Investments plc168.00m126.60m1.93bn74.0015.460.6738--11.502.292.293.0452.610.0578--14.482,270,270.004.3510.894.4411.16----75.3691.49----0.028421.45-71.7930.30-76.6240.07-51.253.41
City of London Investment Trust plc140.56m127.17m2.05bn0.0016.101.01--14.450.25280.25280.28394.020.0675--15.44--6.112.596.152.6391.9381.3290.4877.92----0.0542178.62-32.93-6.02-38.12-7.05--2.58
Smithson Investment Trust PLC321.92m293.32m2.12bn0.007.860.8561--6.471.741.741.9415.980.1293--112.88--11.785.0111.805.0293.7085.9191.1182.05----0.000.00134.25165.33130.31------
HgCapital Trust plc247.91m230.52m2.19bn0.009.330.9391--8.680.50360.50360.54165.000.1095--1.27--10.1916.4110.2016.4341.94--92.9995.94--52.850.009.8298.4518.84114.4717.91--7.16
Petershill Partners PLC431.55m256.61m2.30bn0.008.970.59168.895.280.2270.2270.38143.440.0947--4.42--5.63--5.81------59.46----12.280.0927--230.72--170.90------
Monks Investment Trust PLC20.25m-790.00k2.45bn0.00--1.13--118.42-0.0115-0.01150.08789.890.0082--4.06---0.03215.19-0.03365.3817.7690.00-3.9087.97----0.07684.1892.07--89.11----17.61
Renewables Infrastructure Group Ltd-24.20m5.80m2.49bn0.00423.180.7717----0.00230.0023-0.00971.28-0.0074------0.17748.070.17758.07--99.90--102.94----0.0070.79-104.36---98.89-45.73--2.17
HICL Infrastructure PLC73.10m68.20m2.50bn0.0036.760.7741--34.290.03360.03360.0361.590.0222--243.67--2.077.552.077.55--99.9593.3098.41----0.0074.21-45.5910.27-46.1910.25--0.999
Jpmorgan Global Growth & Income PLC338.65m322.78m2.59bn0.006.881.10--7.550.78780.78780.82474.950.1697--51.51--16.179.6817.359.7997.1593.5395.3190.39----0.062838.671,024.1539.31733.2139.40--6.77
RIT Capital Partners plc143.20m66.10m2.78bn62.0043.200.7928--19.630.44440.44440.94924.220.0355--0.89192,309,678.001.645.891.746.3275.9892.5246.1678.21----0.073623.16128.1614.77111.4519.528.452.86
3i Infrastructure PLC-100.00bn-100.00bn3.01bn0.00--0.9249----------3.51----------11.91--12.11--81.57--82.00----0.162328.99-3.87-4.34-2.48-3.86--7.27
Greencoat UK Wind PLC234.38m126.19m3.24bn0.0025.620.8501--13.650.05450.05450.10111.640.0443--266.49--2.388.572.558.7885.9993.6553.8482.54--3.350.320648.87-77.140.184-86.77-9.02--8.17
Data as of Apr 25 2024. Currency figures normalised to The Renewables Infrastructure Group Limited's reporting currency: UK Pound GBX
Data Provided by LSEG
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