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16:30 12/04/24

Latest Report

29 Sep

Latest RNS

2 Apr
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Three investment pillars

Scirocco will acquire cash generative assets within each of the three target areas to construct a portfolio capable of supporting attractive dividend yield and further growth through re-investment

 

Assets where the primary function is the generation of energy from renewable or sustainable sources

 

Assets involved in the recovery of valuable coproducts from waste streams

 

Assets involved in the storage, transmission and delivery of energy within low carbon systems

 

  • Buy or invest in asset infrastructure within the relevant space
  • Look at ways to improve performance and/or augment asset capability by further investment
  • Maintain performance and harvest cash flow
  • Target return on equity of c. 10% after leverage
  • Delivered to investors through capital growth and growing dividend yield

 

Positives

•Opportunities available at a number of investment scales allowing a “step by step” approach

•Leverage. Contracted nature of revenue stream and sustainable cashflows support debt capital on reasonable terms

•Reduced risk. Fundamental change to risk profile of investment portfolio with cash flow supportive of future dividend

Criteria

•Proven technical and commercial models within niche or developing markets

•Avoiding mature, established infra like markets where competition erodes long term returns

•Targeting joint ventures in the roll-out of a new but proven technology