ReallyVeryFoolish wrote:UncleEbenezer wrote:ReallyVeryFoolish wrote:INRG looks to be heading towards 800p. Big drop in a couple or so months from 1400p-ish. I know INRG has changed its underlying investments somewhat fairly recently. But such a drop says either the wheels gave fallen off something (of which I am blissfully unaware) or it might be a good time for those looking for an entry point to buy in?
RVF
Do you have any idea what drove the big spike?
If you look at the curve pre-lockdown, 800p today looks like a healthy rise!
Not 100% certain but prior to INRG changing its investments scope a few weeks ago it was a much narrower investment with one or two stocks in bubble territory making a very big difference. It's now a much broader investment and in some parts the bubble is bursting/has burst. I think INRG got way ahead of itself and I said at the time gravity would reassert itself. I may be a little wide of the mark there, so if you're really interested please DYOR.
RVF
Hi RVF, As you may recall I flirted with INRG some time ago, but in the end I shied away from it, mainly due to its volatility and negligible dividend.
In the end I stuck with IEM (Impax Environmental Markets) (from a growth perspective), which has performed well, though has been a bit more susceptible over recent weeks. From more of an income perspective and diversity, I hold GSF (Gore Street Energy Storage Fund - battery storage), SEIT (SDCL Energy Efficiency Income Trust), and BERI (Blackrock Energy & Resources Income trust). The latter surprisingly does hold some green energy related stocks, including Vestas Wind and ENEL., and has been performing admirably, partly or mainly due to its commodity exposure.