Actually I wasn't thinking of selling after the ex div date as i bought in at £2.68 The div doesn't make a great deal of difference to me. Just trying to generate a bit of interest as I only saw the announcement this morning. Anything to help influence a bit of positive movement to the SP. Still trying to fathom why the SP has gone so low !!
Why would you sell after the ex date???! I've bought these as the "right" yield is sub 7% even allowing for the uncertainty and the deterioration of landfill revenues. So the right price for the equity is at least the issue price, that assuming a bit more wind online. Anyhow, the div will be prorated.
Notice of Preliminary Results and Financial Calendar Update
Infinis Energy plc ("Infinis" or the "Company") advises that the date of its Preliminary Results will be 19 June 2014 and provides a financial calendar update for the remainder of the year.
A presentation and conference call to discuss the Preliminary Results update with investors and analysts will be held on 19 June 2014. Details of this will be included in the announcement and will be available on the Company's website.
19 June 2014 Preliminary results
30 July 2014 Ex-dividend date
You can then sell the shares at any point after the market opens on the ex-dividend date and still receive the dividend payment
I agree, this is a steel, I bought 7500 shares for 20 k when these were at 268 and looked like they were going all the way to 310. As I'm used to seeing the price go up and down i didn't panic sell, ( my mistake !! ) Consequently I'm now sitting on around 16 k worth of shares so for what its worth anyone getting in now is buying in for peanuts !!.
It is a steal. The earnings/EBITDA is based on operational assets that are primarily built under the Renewables Obligation or the RO. They are developing and building more assets and they have landfill but little or no solar. So the income upon which a 9% yield is based is primarily stuff that is built. If the (moronic) Tories do stop onshore wind then they have some offshore and will presumably slash costs in the wind development business. So earnings may actually rise in the short term although landfill gas will over time decline and the wind is supposed to offset that. So my guess is that a sustainable 5-7% yield is achievable even if landfill gas declines more rapidly. Of course the chances of the (moronic) Tories winning an outright majority are no more than 50/50 and if they don't win then Infinis is really very very cheap as a new coalition would have to support onshore wind. If the (moronic) Tories do win then Infinis provides a decent annuity income stream which as they build out the planned onshore wind and perhaps some offshore will actually grow a bit.
Even today in D.T. I read that subsidies to solar farms are being reduced relative to onshore wind and given infi was priced at bottom of range at 260p and fossil fuels are shortly to be taxed to oblivion something is wrong here. We are either sitting on a steal at these levels or the money is talking and we're missing a major fly in the ointment-it's one or tother.
Indeed! Loving the V90 idea... closing my eyes and just imagining the scene! What a glorious solution! They would be catapulted with some velocity that's for sure, and then a steady descent at 9.81 m/s until they hit Terra Firma ('scuse the pun but could not resist). Good luck to you!
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