They are falling because the power price is weak but mainly because Terra Firma has said it is examining options for selling and so the mkt is driving down the price in anticipation of this. Not great but div is still probably okay (for now) and so big yield at this price although probably not great intrinsic value as EV/EBITDA ratio is still quite high.
15 Jan '15
Can anyone advise why the Infinis SP fell so much in the last few days? What changed in the last few days, other than the SP. Thanks.
15 Jan '15
Does any one have any insight on Infinis? How long is the bid period? what if scenarios would be great if one of you educated share people have the time and inclination to share;0)
17 Dec '14
Infinis Bid situation
Infinis in Bid situation talks terra Firma-Backed Infinis Profit Rises 18% on Windy Weather Guy Hands’s Terra Firma Capital wants to sell shares..
16 Dec '14
Hangover for Infinis: There is nothing like thwarted self-interest to spur City heavyweights into claiming the moral high ground. Last week, Guy Hands, tax exile and Boss of Terra Firma, the private equity group that owns 68% of waste-and-wind-farm group Infinis Energy, accused the government of bowing to noisy Tory Nimbies and their dislike of wind turbines. The government was attacking the wind industry when it should support it, he said. For City folk, that was understandable. Mr Hands might be raising money for a new renewables fund and Infinis’ shares have fallen a fifth since they were floated just 13 months ago. But then, on Monday, Terra Firma announced formally that it was flogging its remaining Infinis shares — worth now about £450 million — leaving the market wondering what world Mr Hands inhabits. Terra Firma bought Infinis for £51 million 10 years ago. Its holding is well past its private equity sell-by date. But that hardly needed spelling out, at least to stock market professionals. Now, the auction will hang over Infinis shares until the deal is done. There now seems little chance of a Christmas rally for its investors — including Terra Firma. So where is the self-interest in that? If Terra Firma is to start auctioning off its controlling stake in Infinis, it is only fair that everyone should know about it.
13 Nov '14
Delivery of our growth plans with new funding facilities of £52 million in place for the construction of A'Chruach wind farm (43MW) and binding agreements signed to supply turbines, balance of plant services and a 15 year power purchase agreement; · Work on site has commenced and A'Chruach is expected to be in operation by 31 March 2016; · Procurement processes have commenced in support of the development and construction of Galawhistle wind farm (up to 55 MW); · Interim dividend of 6.1p / share (equivalent to £18.3 million).
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