Crius Energy Trust Tr Unit CRIUF

Analyst Day - highlights

[HermannHaller]

The presentation covered financials and sales strategy. Bottom line - 2019 should be much improved, and the stock price is well below peers.

Financials:

• embedded margin continued to grow in Q4, up 8% y/y
• many costs in 2018 were one-time, or will be discontinued (solar)
• pro-forma payout ratio 57% (with a 17% yield!)
• pro-forma leverage only 1.1x

Sales

• will continue to focus on margin over customer count (so expect more customer losses)
• look for improvement on sales partnerships (ie. Comcast)
• consolidate brands, cut costs

52 week high on stock is $9.47, if it got back there the stock would still have a yield over 8%.

[Mining_Dude]

Timing on Solar Buis sale?  Progress on non-profitable muni customer off-loads (and any costs associated with it)?

[DonaldJ]

Wow the same old BS AND you got a free doughnut? Pretty big time event for you. You guys should put out a book "We came for the losses, but stayed for the stories" or "How to lose your shirt and brown nose the company that stole it"

[sotypical]

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[campst]

The new distribution policy is clear.

[amugsgame]

.....Thought the same thing. If what is posted is the full RBC note then I find it odd that the new distribution policy isn't mentioned - this is a major shift by KWH and obviously of investor concern but is ignored. Easier for KWH administration but a quarterly dividend isn't as beneficial as a monthly for anyone who has opted into the KWH DRIP program. Extra shares on a quarterly basis

[Mining_Dude]

This is what I don't understand, the company did address the change in dist. policy at the analyst day.  They said they looked at the policies of their peers (all of which are quarterly) and in the context of them seriously looking at all aspects of their business to cut costs and become more efficient, their conclusion was that they were being too generous (relative to peers) with

[pjn0987654321]

What's posted here is not the full RBC note.  The paragraph concerning the distribution policy is -  Last week’s announcement of the change in timing of the distribution to quarterly (from monthly) spooked investor concerns regarding liquidity. Management estimates that the timing change (essentially defers the distribution) improves the 2019 liquidity by only $6 million

[MrEvilx]

All of sudden RBC is cozying up to Crius.....I am sepculating that there is a debt deal in near future.  GLTA..