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yes this looks like a good company. strong financials and the world is only going to need more and more energy. Also good it's across different continents.
Only have a small holding presently but will be increasing over time as see this company as one to keep hold of.
Away for one week. On return today GLO was up 25p in the week! Perhaps I should plan a trip this week, think it will work?
Picked up some today as part of my regular investment. Got some at 188p early doors which given the 200p ish finish is my best tllurnaround in 4 years of regular investing. The yield is good here and the pity for me is they have only come on my radar recently. I will be picking more up as it looks solid with good visibility.
Another 5% just today. Of course it cannot continue... 190p to 202p this last week.
I confess that only a third of my shares are up at the moment so Glo's rise is most welcome. I am up about 4% now. I need a further 20% before my rules allow me to take a little profit out.
After a patient wait I finally started buying at the end of march and have paid between 160p and 186p per share.
Apart from an unexplained spike on the 3rd of June GLO have trudged uphill very steadily and is now showing a clear 5% profit over all my purchases.
The only worry I have is the lack of any comment on this site from other small private investors...
ContourGlobal's chairman said the company's shares were undervalued as he stuck to the company's target of a 10% increase in the annual dividend. In a statement presented at the company's annual general meeting Craig Huff said the performance of ContourGlobal's shares was disappointing and did not capture the company's true value.
Huff said the company was returning capital to shareholders through share buybacks and selling minority stakes in its assets to reflect the gap between the value of those assets and ContourGlobal's share price. The company plans to pay out $108m (£88m) in dividends this year, a 10% increase, he added. "As set out in my letter in the annual report, the performance of the company's share price has been disappointing and is not reflective of the performance of the business, or of the company's intrinsic value," Huff said. "Since listing, we have returned over $227m to shareholders. We maintain our target of a 10% increase in annual dividends."
Huff said the company had only suffered minimal disruption because of Covid-19. He said ContourGlobal's strength was reflected in Standard & Poor's upgrade on its debt issuer rating to BB from BB-.
The company is unlikely to go ahead with the proposed sale of its Brazilian assets because of the weak real, he said.
ContourGlobal has bought back £5.5m of shares as part of a £30m buyback plan announced in April.
Thank you for the correction over DiviDay...
You are going to have to wait a bit - tomorrow (4th June) is ex div day; pay date is 26th June
GLO Contour Global , lovely Bowl chart forming here, what an out performer in the last week/ten days. Daily rise nicely over 4.42%.
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^GLO&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
Dividend per share is £0.03 payable tomorrow.
The recent price rise I believe is owing to the divi payment which goes ex on the 4th. Its the first 1/4 payment of 3.32p ps. The question is this, 'will the price fall more than 3.32p on Friday. decisions, decisions.
Contour Global, up over 4% today. I have held for about 3 weeks now and its done very well, AND it is paying a nice divi.
About ContourGlobal
ContourGlobal is listed on the premium segment of the London Stock Exchange (TKR: GLO). ContourGlobal is an international owner and operator of contracted wholesale power generation businesses with approximately 4.8 GW in operation in 18 countries. ContourGlobal operates a portfolio of 107 thermal and renewable power plants across Europe, Latin America, and Africa utilizing a wide range of technologies.
A recent upgrade from S@P............
https://www.investegate.co.uk/contourglobal-plc--glo-/rns/s-p-global-ratings-upgrades-its-ratings-for-cg/202005280715011443O/
Lovely bowl shaped chart......and a bullish move today with the sp moving above the 200 day Moving Average.
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^GLO&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
Wait
Thursday and GLO rose a mere 3.5%. Come on you buyers...
The graphs still look promising. Thanks for the regular updates MickTKipper, Your figures suggest room for optimism. It was reading about Global's international base and prospects that made me choose CG as the latest addition to my folio. As I only invest my dividends, up to a target holding of £20,000 in each of my companies, it will take me about three years to complete my investment here.
I am trying to green my investments gradually, another reason for choosing ContourGlobal, as they appear to be keen on newer, greener technologies.
My second reason was the distribution of Dividends four times a year. Very good for small private investors like myself.
A third reason was the company's apparent global ambitions.
My average buy price is currently £1.68 which shows a tiny loss at the moment but I think is a good entry point.
I have been a small private investor for some 25 years now and have seldom been so confident in a new share.
Financials for GLO Contour Global.........
Financials
Sales 2020 1 437 M
Net income 2020 83,6 M
Net Debt 2020 3 428 M
P/E ratio 2020 16,6x
Yield 2020 8,35%
Sales 2021 1 505 M
Net income 2021 118 M
Net Debt 2021 3 980 M
P/E ratio 2021 12,4x
Yield 2021 8,96%
Capitalization 1 320 M
EV / Sales 2020 3,30x
EV / Sales 2021 3,52x
Nbr of Employees 1 490
Free-Float 28,0%
What the company does........
ContourGlobal Plc is a United Kingdom-based company that develops, acquires, owns and operates wholesale power generation businesses. The Company is focused on operating thermal and renewable power plants across Europe, Latin America and Africa. The Company’s segment includes Renewable Generation Group and Thermal Generation Group. The Company owns and operates approximately 4,841 MW in 107 thermal and renewable energy power plants in 18 countries and three continents.
Sales per Business
2018 2019 Delta
GBP (in Million) % GBP (in Million) %
Thermal Energy 637.54 67.8% 673.88 64.6% +5.7%
Renewable Energy 302.16 32.2% 368.88 35.4% +22.08%
Sales per region
2018 2019 Delta
GBP (in Million) % GBP (in Million) %
Bulgaria 287.24 30.6% 315.90 30.3% +9.98%
Spain 250.34 26.6% 275.53 26.4% +10.06%
Brazil 122.54 13% 128.79 12.4% +5.1%
Europe 110.62 11.8% 113.74 10.9% +2.82%
Africa 104.02 11.1% 110.13 10.6% +5.88%
South America and Caribbean 64.95 6.9% 98.61 9.5% +51.83%
BRIEF – ContourGlobal Says It Confirms Q1 Dividend Payment Of 4.0591 Cents Per Share
15-05-2020 07:59
May 15 (Reuters) – ContourGlobal PLC :
Contourglobal Plc - Trading Update
Contourglobal Plc - Adjusted Ebitda Up 20% From $144.4 Million To $172.7 Million For Period From 1 January 2020 To 31 March 2020
Contourglobal Plc - Confirm Q1 Dividend Payment Of 4.0591 Cents Per Share
Contourglobal Plc - At This Point, Company Is Experiencing No Material Operational Or Financial Impact As A Result Of Covid-19
Source text for Eikon: ... Further company coverage: GLO.L
(Reuters.Briefs@thomsonreuters.com ;;)
Questor: at a time of imponderables, this utility has more control over its future than most
Questor share tip: ContourGlobal is not too exposed to the economic cycle and can generate plenty of cash – and it yields almost 8pc
By
Russ Mould
19 May 2020 • 6:00am
Stock markets the world over remain on tenterhooks as they assess the pace – and consequences – of governments’ attempts to gently ease the lockdowns imposed on populations to combat the spread of Covid-19.
Investors are also looking at the policies devised by central banks to tackle the outbreak’s economic fallout, and the latest loss of momentum appears to coincide with a slowdown in the rate at which America’s Federal Reserve is adding to its quantitative easing programme.
With so many imponderables, investors must confront the fact that they do not know what is going to happen next – for the simple reason that no one does.
As a result, they must try to focus on what they can control and understand, and one way to do that is to focus on the features of those companies that seem to be doing best during the current difficult circumstances....
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^GLO&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
his morning we crossed 170p, not just glowing but brilliant!
This morning (Tuesday) about 4%. I am beginning to feel lucky for once...
Perhaps it is the Beautiful Summer sun that has warmed market sentiment. Up 5% Friday morning...
Well nobody can win them all... I still hope my original decision to buy here proves wiser in the longer term.
GLO share price up another 4% today! Tomorrow, who knows?
I do like to have a few more challenging companies in my portfolio, to offset the likes of CNA and SSE, and add interest. I hoped I was buying at a low price, but it remains to be seen if £1.65 is really low. The way I invest is to put all my dividends into my latest choice until it is worth about £20000, so it will be three years before I have finished my purchase here.
Some of the latest broker recommendations are promising:
Date Broker Recomm. Price Old Aim New Aim Notes
07 Apr RBC Capital Markets Outperform 155.20 310.00 205.00 Reiterates
10 Jan Exane BNP Paribas Outperform 155.20 310.00 300.00 Reiterates
18 Jul RBC Capital Markets Outperform 155.20 310.00 Reiterates
06 Feb RBC Capital Markets Outperform 155.20 325.00 310.00 Reiterates
29 Aug Citigroup Neutral 155.20 245.00 Reiterates
I will be very happy if the price reaches its previous high of £2.50.