Added to YB: 2026-06-30
Pitch date: 2026-06-28
SEIT.L [neutral]
SDCL Efficiency Income Trust Plc
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
SDCL Energy Efficiency Income Trust PLC invests in energy efficiency projects. The company was incorporated in 2018 and is based in London, United Kingdom.
Market Cap
GBP 380.4M
Pitch Price
GBP 0.35
Price Target
0.78 (+122%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-4.35
EV/Sales
-4.96
Sector
Capital Markets
Category
value
SEIT again Sam, play it again Sam
SEIT.L (holding update): UK energy efficiency trust at 35p vs 77.8p NAV (-50%). FY26 NAV fell 12.8p but ~6p is 'kitchen-sinked' FV losses on events not yet occurred (Li-Cycle, Red Rochester, Ohio RECs). Physical income ~4p/sh = 12.5% net yield. Onyx EBITDA tripling, top-5 assets ahead of budget; 9.5% discount rate punitive vs peers' ~8%. Asset sales into AI/energy boom could speed RCF (17.5p/sh) paydown. Author bought at 32p, in OB 25-for-25 at 42.6p. Risk: forced sub-half-price sales drop shares to high-20s.
Read full article (11 min)