SDCL Energy Efficiency Income Trust (LSE: SEIT)

Last close As at 22/05/2024

GBP0.64

−1.50 (−2.31%)

Market capitalisation

GBP690m

SDCL Energy Efficiency Income Trust’s objective is to generate an attractive total return for investors, comprising a stable dividend income and capital preservation, with the opportunity for capital growth.

Latest Insights

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Investment Companies | edison tv

Webinar introducing private investors to SDCL Energy Efficiency Income Trust

Investment Companies | edison tv

SEEIT webinar: Impacts of the US Inflation Reduction Act

Investment Companies | edison tv

SDCL Energy Efficiency Income Trust – executive interview

Equity Analyst

Andrew Keen

MD - Head of Content, Energy & Resources, Industrials

Harry Kilby

Analyst

Key Management

  • Tom Hovanessian

    Investment Director

  • Tony Roper

    Chairman

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 8.7 1.6 (32.5)
Relative 4.0 (6.5) (37.3)
52 week high/low 93.1p/51.8p

Overview

SDCL Energy Efficiency Income Trust (SEEIT) has taken a prudent approach to discount rate adjustments in the period, leading to a 10.9p reduction in net asset value (NAV) per share from 101.5p to 90.6p. This was largely driven by a 100bp increase in the weighted average unlevered discount rate to 8.7%. The portfolio valuation at the end of H124 stood at £1,066m and investment cash inflow from the portfolio was £47m (a c 9% increase from H123). SEEIT has declared a total aggregate dividend of 3.12p per share for H124, which is in line with its FY24 target of 6.24p (a 4% y o y increase), while maintaining a dividend cash cover of 1.1x, which is expected to grow by the end of FY24 and over the medium term. SEEIT is currently trading at a 33% discount to NAV with a 10% dividend yield.

Research

Further insights

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Investment Companies

SEEIT – selected asset highlights

Analyst of the week

Melanie Jenner

Mel Jenner

Director, Investment Trusts

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