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..
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).
13 Nov '14
Will Infi realise their potential?
With Fantastic broker ratings like this Will Infinis ever realise their potential?? Still trading well below value? November 2014 - Liberum Capital 13/11 Reiterates Buy Target 270.00p RBC Capital Markets 07/11 Reiterates Outperform Target 260.00p Barcays Capital 07/11 Initiates/starts Overweight 275.00p Beaufort Securities 06/11 Retains Buy
18 Aug '14
We have delivered a solid operation
We have delivered a solid operational performanc e for the Period, driven by our landfill gas (“LFG”) business which has partially offset lower wind speeds experienced by our onshore wind business. We are pleased with our LFG business which continues to perform well
18 Aug '14
Infinis Energy 7%+ div updated
Infinis Energy 7% income. 29 Jul '14 Infinis Energy, which joined the market last year and claims to generate 7% of the country’s renewable power. Assets include 121 landfill gas sites and 16 wind farms. These shares have flotation price 260 last year , giving a market cap of £780m. In the group’s flotation document, a £55m annual dividend – about 18.3p per share – was projected. And if that sum is paid, buyers at 212.90 would receive a 7% i+ ncome.
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