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Agree with most of your post except it seems everyone has been eliminated except the mm's. I suppose what they could gain is a lot of cheap shares that they can use at a later date, I have been officially indicated to me that they can hold shares at certain times. That's sheer manipulation in any ones eyes, regulators should turn in the right direction before pi's are manipulated out of the market, then what for the mm's.
The share trading profile no longer makes sense to me. Over the last 2 days there have been more buying than selling and I cant see a huge short position yet the share is tanking and not in a few pence but major jumps. Clearly someone is benefiting but I cant think who. I dont see what the mm's could be gaining from it.
What is going on ?
Thanks DoctorShares for the information on the Lloyds deal. Good news seems to have no effect on the mm's as they again have manipulated the SP down from 163.5 to 160 in a matter of minutes disregarding that there were again more buys than sells in that period. Another on to add to previous two days.
You would think that infiniis had a contract with the government before spending hundreds of million pounds. That being the case surely they can sue for breach of contract as they have reneged on the deal. If I were EDF I would be very worried, as they are committing billions to Hinkley. What if the government wait until it is built then refuse to pay the agreed amount for the electricity they produce. Your comments will be appreciated.
Infinis signs landmark renewable energy deal with Lloyds Banking Group Infinis, the leading independent renewable power generator, has signed a landmark deal to supply Lloyds Banking Group with renewable power from its portfolio of landfill gas sites. Under the terms of the agreement, Lloyds Banking Group will purchase around 113,800MWh per year of renewable power from Infinis – enough to power approximately 1,700 branches in Lloyds Banking Group – for the next ten years. Supporting the generation of low-carbon electricity in the UK, the agreement enables Lloyds Banking Group to displace CO2e1 emissions of around 56,000 tonnes from the National Grid. The Power Purchase Agreement (PPA) follows similar transactions already in place with Marks & Spencer to supply the retailer with renewable power from Infinis’ onshore wind farms. Eric Machiels, chief executive of Infinis Energy, said: “We are delighted that Lloyds Banking Group has chosen to source its renewable power from Infinis. Not only is this an important win for Infinis but Lloyds is among the leaders in responsible business practices and we are delighted to help them play a role in the acceleration to a sustainable low carbon economy”. “Corporations are becoming increasingly sophisticated in their understanding of the energy market and how they can interact with it. There is tremendous scope to expand and deepen the use of this particular PPA model which provides Infinis with guaranteed and stable revenues despite the volatile power markets. This is an excellent example of our strategy to seek secure, long-term supply
Inifinis Energy responded at the time to clarify its two onshore wind farms that are under construction, Galawhistle and A'Chruach, will remain eligible under the Renewable Obligation regime. Gone Ex Div
Lumping on at this price. Maybe wont recover to 200 immediately but give it 6 months.
So we know better than those running the company as well as the government bods. 7m this year 10m by 2017. The body that looks after the payment state that they will have run down to nothing by 2020. Thats why the industry was looking for an expansion of CCL instead. The Tories do not like governing with Labour or even Lib Dem policies on their patch. That,s why he hinted, saying not for just now, IMO they will want to put a brand new Tory one in place just before their yearly get together. As I have said god help the shorters as the shares they have been selling have been taken up quickly, hence the positive ratio of buys to sells.
Thanks for the response FM. If the curly haired tw*t Guy Hands was to find a buyer now prices have been slashed to bargain basement prices are these likely to go up again??
just going over the figures briefly and although they are stating a circa 10M impact on EBIT, that looks (given their investment and profit position) to reduce the div to around 4.5-5% with a strong upside.... I am tempted to buy a load more before the xd cutoff.. I dont see why this stock would not gradually creep back up by the end of the year to where is was a couple of weeks ago.
Would love to know what if anything can be done about this. have been on the worst financial rollercoast for over a year now with these and thought my ticket out would be yesterday. Is there any chance of these bouncing back after all this settles down or are we going to be shafted again and again by mm's.!!
Yes and the CCL abolition knocks around £11m off EBITDA for say 5 years so that's £50m or so which is 11% then you have the RO impact which will have some impact and then what will the idiotic Tories do next to stuff renewables? Think 15-20% is about right frankly. I've bought some here at 159.5p as I think it's about in the price although the EBITDA multiple still troubles given its 2/3rds landfill gas.
Realistically The share price was pulled down a further 22p for a dividend worth 12.2p ????? The mm's had hauled the SP down 17p yesterday after lunch on the budget news even when there was 3 times more buys than sells ????? That's 39p ????? almost 20% for a 6% divi.
They have gone xd and been hit by the abolition of the CCL. Blame the idiotic Tories.
Appears the pi's are being cheated again. In the following 25min 4093 more Infinis shares were than sold yet believe it or not the price dropped further to 158 in that period. Not just free fall but free haul down by the mm's nothing to do with genuine buying and selling. I'm keeping a good record for posterity, (or should that be regulators).
Infi is in free fall yet Drax is up 6%??!??!??!
In a period of 1hr 20min, overall 5792 were bought more than sold, yet the mm's dropped the SP from 166p to 160p.
FL a good, well reasoned argument. Upshot is not to panic, this is a good company with good prospects and great cash generation potential.
Just had access to today's RNS. CCL will be stopped August 1 2015 not 2017 as I had previously read. They also say the impact on income will be then be 7m and 10m by end of 2017 which is considerable less than the 30m year being spouted about yesterday. Bearing in mind that Infinis's actual income will rise considerable because of the affect of the continuing strong winds. Regarding the CCL withdrawal, I find it difficult to believe that this government has it in mind to act like 'ostriches', so expect them to have a new scheme in place before long, I believe that to be something to to do with Low Carbon incentives. Certainly a whopping buy at this level and with a future divi even halved back to 2014 levels then would be nearly 8% at this SP. All IMO except for RNS news.
Surely nobody really expected Infinis to continue with this level of dividend as I remember it was increased due to their selling of the Hydro section, prior to that it was half as much. However the SP was 220p to 240p then. Yes the CCL will be stopped after 2017, however itts more than likely they will qualify for the alternative being touted later this year.. Infinis's income from electricity has increased tremendously not just in Scotland because of the increasing wind affect due to GW or Nuclear testing or whatever. Therefore, they have an excellent cash flow situation. A decent dividend is very likely in future despite what the shorters are spouting. The current SP is brought about by mm's cheating the rules certainly not events. Needs looking into by the regulators.
Fatlad 'True Infinis will be affected by the CCL withdrawal, but that has been known about since before the last election and aren't they also talking about a replacement for later this year? Low Carbon or something.' Read the RNS again. The expectation was that the CCL would be withdrawn from 2020 onwards, that has been brought forward by 5 years without warning, and is now going from August this year. This will wipe out £7m from EBITDA this year and up to £10m-£11m next year and onwards. Dividend cover was already under threat. The 20% fall from the recent £2 SP is nothing to do with manipulation, it's to do with a massive negative impact to the earnings and profitability of the business.
I'm now looking at 10 k losses due to this SP Manipulation, As fatlad has said not Market driven but caused by the actions of the MM's. What now? Is this market manipulation going to continue ??
Very difficult to see how dividend can be maintained.
Gone Ex-Divi today.