We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Honestly this is really not a MM conspiracy!! The eps has just been hit by 20% plus the xd so it's fallen by around 25% which is about right. Don't know what's so confusing here!!
The £600m of debt is non recourse project finance and won't be hugely affected by the removal of the LEC but of course the impact on equity cashflow is greater so around £11m. Unless they cut more cost I doubt whether the full 18.3p odd dividend is sustainable but let's say they reduce that by £10m that'll give you say 15p or a yield of 11% at the current share price. That assuming they don't hack it back to reinvest but I'm not sure reinvest into what? They might take th view that the new MWs fill the earnings/dividend gap but I'm not sure that a levered 66mw does that and they would have already assumed it filled the reduction in earnings from landfill gas. So best guess is a reduction of 15-20% in the divi.
If the mm can just take the SP down whenever they want to. How can this be a Good Buy, Whats to stop them them from driving this down to 90 pence a share. It seems to me it makes no diffence on whether there are more buys than sells they can lower the price anyway !! BUYER BEWARE !!
But surely the dividend is not sustainable is it?
Infinis has 43 MW of new wind plant capacity currently in construction, which will be mostly be unaffected by the withdrawal of the government’s Renewables Obligation subsidy for onshore wind farms. Even under the new contract for difference (CfD) regime, returns are still attractive; and Infinis Energy plans to continue to meet its 700 MW of renewable generation capacity target by 2017. With a dividend yield of over 9%, Infinis Energy is an attractive income stock.
nfinis Energy has 43 MW of new wind plant capacity currently in construction, which will be mostly be unaffected by the withdrawal of the government’s Renewables Obligation subsidy for onshore wind farms. Even under the new contract for difference (CfD) regime, returns are still attractive; and Infinis Energy plans to continue to meet its 700 MW of renewable generation capacity target by 2017. With a dividend yield of over 9%, Infinis Energy is an attractive income stock.
GUY HANDS’ private equity firm Terra Firma yesterday gauged buyer appetite for a possible sale of its UK renewable energy company, Infinis. The buyout specialist said in a statement that it was “exploring options to crystallise the value of its 68.8 per cent shareholding in Infinis Energy, including potentially a sale of the stake. Given that Terra Firma owns a significant majority stake, it believes there is merit to exploring potential interest in the stake as a whole alongside other options, including the potential for market sell downs”. The company added that a decision on any sale or sell down was far from concluded. Infinis was one of three companies that made up Terra Firma’s renewable energy infrastructure investments, a venture that followed the company’s disastrous spell with music company EMI. The two other renewable investments included Italian solar power firm RTR and US wind company Everpower. Earlier this month, investment magnate Guy Hands wrote an article for Terra Firma’s website, criticising the government’s renewable energy policies and saying the onshore wind industry “finds itself under attack from government”. He added that the Tories “will slam the brakes on expansion” if they win the next election.
ShareCast News) - Sell shares in waste-to-energy producer Infinis Energy, said the Sunday Times's Inside the City column. When Chancellor George Osborne last Wednesday swept away long-standing tax breaks for Infinis, Drax and other green energy producers in his Budget it was an especially big blow for Terra Firma, the private equity firm that owns 69% in the company and had been looking to sell its stake. Infinis, whose main businesses are onshore wind farms and converting waste gas from landfill sites, closed the week at 145.75p, a drop of 27%. Since the UK general election the company has been hit hard. Two weeks ago, the energy secretary slashed payments to wind farms, making the prospects for some projects in Infinis's pipeline less certain, while the Budget's takes a bite of £5 per megawatt hour out of earnings. The company now believes profits will fall £7m this year and £11m the next. Although Infinis generates plenty of cash and yields a healthy 12%, profits are headed the wrong way and its £610m in loans now represents 30% more than its market value
Don't worry you're not alone, these shares are showing a near £11K loss for me ! There may be further comment from the board of Infinis this Thursday when they hold their AGM. News on the so called "bid situation" is long overdue.
What baffles me, if this share is going badly pear shaped, why are there still a good proportion of buys, last week it was almost 50/50 do these people know something I don't? Surely unless they did they would not be investing... perhaps a shame the MMs don't know about the good news!
Anyone brave enough to call the bottom on this one? I just had a punt at sub 140p to trade... GLA & Best regards, Blue
What a fiasco, yes so far I'm now in for almost £10k loss, my broker who recommended these at the initial offering, is a waste of space, so I'm in it alone. If this is a game, I suppose one should buy at this price, but you need to be very brave although reading some of these latest posts the prognosis looks good, maybe in 6 months or so.... Today will be interesting, hopefully not another scary day but not looking good, is the brave scenario to stick with it??
I also sold mine and took a hit as couldn't afford to lose any more. Future is uncertain but could still be profitable
I was under the impression the budget brought forward the date of the end of subsidies from 2020 to august of this year.Hence the sudden loss of interest in this share as it makes a huge difference to future profits and a likely drop in the dividend if they are able to pay one.I took my loss after the RNS announcement ,painful but it now looks I was right in doing so as I can see further pressure on the current level.
Hi Parkside I believe the term is called shaking the tree. I'm still looking into what recourse I have. Infinis shares should have gone up the day before ex div as there were 3 times more buys than sells. Instead the fell to 180. The next day they were taken down again by mm's despite more buys than sells so not the usual SP fall once INfinis went ex div. Speaking for myself I couldn't afford to take a loss of more than 30 percent on my share that's 12 k. I sold them when they were at 1.46 purely out of fear that i couldn't afford to lose any more. This kind of behaviour by the mm's should be illegal if it's not. Every one knew weeks ago that the subsides were going but this didn't affect the SP As buys were 3 times the sells. Despite selling I will watch with interest tomorrow. The price might be falling now as investors like me sell out of fear of the SP being taken down by mm's but how low do they intend to drive this Sp down ?? From what I can see maybe I should have held out as the mm's will probably force the SP back up again when they have bought enough shares off small investors panic selling. How low though before this starts to turn ??
Renewable energy generator Infinis Energy swung to a profit in the year to the end of March, although revenue was hit by weaker wholesale power prices. The FTSE 250 group posted a profit before tax of £20.7m for the 12 months to 31 March compared with a restated loss of £11.8m last year, while revenue declined 1% year-on-year to £236m. Earnings before interests, tax, depreciation and amortisation (EBITDA) fell 3.77%, although excluding exceptional items EBITDA jumped 31.4% to £140.2m. The increase was due to a £39.4m exceptional item in the last financial year, which did not recur in the year to 31 March, the company said in a statement, adding that administrative expenses were halved to £39.2m, while finance expenses fell 35% to £38.5m. The group said its landfill gas and wind businesses were performing in line with expectations and said its contracted position and an expected increase revenue meant it had "good visibility of cash generation for the coming year". "In early December 2014, Terra Firma, the general partner of our largest shareholder, announced their desire to find a way of selling down their entire and remaining holding of nearly 70%," said group chairman Ian Marchant. "We have engaged constructively with Terra Firma and continue to seek solutions that are in the interests of all shareholders."
Infinis Gone Ex Div
Infinis Gine Ex Div
I meant, of course, to say RO not EO. Fat fingers
Look to all the moaners and mm conspiracy theorists, chill out for Petes sake!! They have lost the EO early, then they lose the LEC, hardly surprising therefore the shares are down 25% or so 5% of that being xd. The shares are ok at this level value wise and even if they the divi by 25% they still yield over 10%. So for goodness sake why on earth sell? They are ok value here.
What a pile of s*** this share is,worst floated share I've bought,all that hype pre float,and I believe never been above floated SP,who's running this company,money down the drain.
INFINIS ENERGY PLC (“INFINIS”) Climate Change Levy Announcement Infinis notes yesterday’s announcement in the Budget that the government intends to discontinue the Climate Change Levy (CCL) exemption for renewable generators from 1 August 2015. The CCL has been a key component of the renewable support regime in the UK since 2001 and all parties in the renewable industry had understood that phase-out would not commence until after 2020. Based on our initial assessment of this measure, Infinis expects a reduction in EBITDA of approximately £7 million in the year ending 31 March 2016 and approximately £10-11 million in the year ending 31 March 2017. Eric Machiels, CEO of Infinis, said: “The announcement of the government’s intention to discontinue the CCL at this time was quite without warning. We are disappointed by the several recent changes to the regulatory framework which will disincentivise long-term investment in the build-out of new energy infrastructure in the UK. Infinis generates low cost, reliable, renewable energy and we now look to the government for regulatory stability.” For further information, please contact: Investors and analysts: Infinis Energy plc
The facilities have been arranged by Santander Global Banking & Markets and Barclays Bank plc as joint lead arrangers to fund the construction of the Galawhistle Wind Farm which will have an installed capacity of 66MW. The wind farm has been under development since 2007 and is located on the borders of South Lanarkshire and East Ayrshire in Scotland. First exported power is expected by November 2016 and will be accredited under the rules of the Renewables Obligation scheme. The company also confirms that it has entered into binding agreements with Vestas Wind Power Europe AS who will supply the turbines and provide ongoing turbine maintenance, Gael Force Renewables for the balance of plant work and Npower who will buy the power under a Power Purchase Agreement (PPA). Eric Machiels, Chief Executive of Infinis, said: “We are delighted to have closed the £83 million project financing facility with Santander and Barclays and we can confirm that construction is moving ahead on Galawhistle. This is a further key milestone in Infinis’ growth aspirations as, together with A’Chruach (43MW), we now have 109MW of onshore wind assets under construction in Scotland. At a time when the UK government is keen to secure new renewable capacity to meet its international obligations at the lowest cost to consumers, Infinis is pleased to contribute to the UK’s power decarbonisation efforts with the most cost effective renewable technology.” For further information, please contact: Investors and analysts: Will Cooper, Head of Investor Relations Infinis Energy plc Telephone: +44 (0) 1604 742338 Email: equityinvestors@infinis.com Media: Brunswick LLP David Litterick
The facilities have been arranged by Santander Global Banking & Markets and Barclays Bank plc as joint lead arrangers to fund the construction of the Galawhistle Wind Farm which will have an installed capacity of 66MW. The wind farm has been under development since 2007 and is located on the borders of South Lanarkshire and East Ayrshire in Scotland. First exported power is expected by November 2016 and will be accredited under the rules of the Renewables Obligation scheme. The company also confirms that it has entered into binding agreements with Vestas Wind Power Europe AS who will supply the turbines and provide ongoing turbine maintenance, Gael Force Renewables for the balance of plant work and Npower who will buy the power under a Power Purchase Agreement (PPA). Eric Machiels, Chief Executive of Infinis, said: “We are delighted to have closed the £83 million project financing facility with Santander and Barclays and we can confirm that construction is moving ahead on Galawhistle. This is a further key milestone in Infinis’ growth aspirations as, together with A’Chruach (43MW), we now have 109MW of onshore wind assets under construction in Scotland. At a time when the UK government is keen to secure new renewable capacity to meet its international obligations at the lowest cost to consumers, Infinis is pleased to contribute to the UK’s power decarbonisation efforts with the most cost effective renewable technology.” For further information, please contact: Investors and analysts: Will Cooper, Head of Investor Relations Infinis Energy plc Telephone: +44 (0) 1604 742338 Email: equityinvestors@infinis.com Media: Brunswick LLP David Litterick
I can understand where you are going wrong if you have read my posts. It is quite clear what I have posted certainly not what you have suggested. Seems that your opinion is that mm's can make whatever price that suits them personally and regardless. Post your evidence that this sites share trades are so wrong that they wrongly produce 3 times more buys than sells as they did on Wednesday.