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Go onto TF site,register a complaint and then go to stock market complaints.Perhaps Mr hands is not so bloody clever. This has to be illegal.
What's the position with the dividend? Will that be paid? If one calculates the dividend from the IPO how much are we down?
I bought a couple of k at IPO. Obviously not the best investment to date.. However, does this news change anything for the PI's? Why would we sell for anything less than 185p as this is already on the table? Apologies if stupid questions.
I've taken my money and run but still lost money overall on Infinis but Terra Firmer now going to buy this Company on the cheap. This in my opinion should be investigated as it appears that they have indented to do this from the start
So Monterey (a Terra Firma company)have bought the company on the cheap,Is it not illegal for Terra Firma to sell a company back to themselves cheaply,therefore screwing the shareholders
What happened.
views on the results likely ......
16 02 2015 Interim Management Statement 28 05 2015 Preliminary full year results 09 07 2015 Ex-dividend date 10 07 2015 Record date 16 07 2015 Annual General Meeting 07 08 2015 Final dividend payment date 13 08 2015 Interim Management Statement 12 11 2015 Interim results 19 11 2015 Ex-dividend date 20 11 2015 Record date 11 12 2015 Interim dividend payment date
I cannot understand why you feel there is a need to regurgitate a 4 week old RNS which people will have already read for themselves. Further, assuming it is not your intention to mislead others, you have missed two important elements. The date (13 August 2015) and the period to which the statement relates (quarter 1).
Group operating and financial performance The Group had a strong first quarter with total power generation up 14 GWh to 586 GWh. Day ahead pricing and operating costs were in line with expectations. We have maintained our focus on operational performance with high engine reliability in our LFG business of 96% and wind availability also at 96% over the period. Landfill Gas The LFG business continues to deliver solid output, exporting 435 GWh in the three months to 30 June 2015 compared to 463 GWh in the three months to 30 June 2014. The reduction in output of 6.0% was due to a combination of the natural decline in landfill gas, drier weather conditions and planned full grid outages at two of our larger sites initiated by the local network operators which lasted for 11 days. Adjusting for the one-off outages, the output decline would have been 4.7%. The proportion of electricity exported under the RO regime for the three months to 30 June 2015 was 93% compared to 84% for the comparative period in 2014 and the total average selling price (“ASP”)(2) for the three months to 30 June 2015 was £93.51/MWh, an increase of £4.43/MWh on the comparative period figure of £89.08/MWh. Onshore Wind Our onshore wind business exported 152 GWh in the three months to 30 June 2015, all under the RO regime. This was a 46% increase (+48 GWh) over the comparative period in FY15. On a rolling 12 month period to 30 June 2015 wind output was in line with long term average (P50) wind conditions. The wind ASP for the three month period to June 2015 was £88.59/MWh compared to £88.06/MWh in the comparative period to June 2014. Onshore wind construction and development activities The construction of the A’Chruach wind farm (43MW) is progressing according to plan. All 21 turbine bases are complete and, in addition, all site access roads are complete. Turbines will be erected over the Summer with final commissioning still expected by March 2016. We have completed phase 1 construction works on the Galawhistle project (66MW) which included site access road construction and the sub-station floor. Construction work is underway on the main site infrastructure works. We are also at advanced stages of procurement and financing on our wind farm projects at Sisters and North Steads (formerly known as Blue Sky) with financial close expected in early Autumn 2015.
Infinis has been lifted by the wind .. up 45 per cent this year and will fly past the land fill site of part of the bussiness. by 2017 estimate wind farm expanded beyond the land fill site of the main bussiness. Infinis said due to wind farm porgenst most being built wil be covered by the goverment grace perioud contracts If this is true hudge expanson of the wind farm area will over take the bussiness.
Infinis rising yes not sure why possible recover stock .. The wind has lifted it i tink due to around 45 per cent up this year . I t has been said by 2017 wind will over take the land fill site bussiness. Infinis is a land fill site and wind bussiness.
Interesting that when the government pulled the subsidy plug and Infinis dropped .. and dropped .. and dropped a bunch of people harped on about manipulation as (one of the reasons) Drax had bounced significantly back. Well I note that Drax has settled back slowly and sits approx 35% below its drop point and Infinis about 38% (depends on what number you used)... not much difference really. SP keeps testing levels and has the feel of a slow recovery about it. I expect it to steadily rise over time
Yes they will park a lot of the new wind farms in scotland as they side with them better goverment .. Amber Rudd who voted scrap this subs, will go to scotland invited to change her mind see the effects wind farms have on health ben e fits .. and see its a good source of future power. I suggest if we all park our shares this side of england infinis support !!
Doc the RO is being scrapped a year early unless you qualify for grace periods. They have said no wind in England whilst they are in power although yes they might allow Scotland under some (much lower) CfD. Embedded value of Infinis is probably 160-180p so its a bit undervalued.
Infinis Energy plc and Drax Group plc have today initiated proceedings for a judicial review of the notice period given by HM Treasury when removing the exemption from the Climate Change Levy (CCL) for electricity generated from renewable sources. The basis of this review is that the exemption was removed without the application of an appropriate notice period, as the notice given was only 24 days. The companies ask the court to consider a reasonable and proportionate notice period for withdrawal of such renewable support.
Remeber guys the gverment ro subs dont scrap until 2016, goverment will introduce another scheme. so still some help and the wind farm tax might not go ahead. If u guys have faith in infinis the gverment might shake hands on a new deal !! 2016 deadline to stop subs and no taxes, aftre 2016 a new scheme might become in place.
What u guys want to know about infinis Parkside13 what u want to know about infinis ? I do know 2017 expand the wind farm side of the bussiness more wind in the park . up north scotland. Some or all of the wind progect should be under the Ro subs. Also amber rudd will still support the wind farms being built until 2016, and she has been invited to scotland to see if she support wind farms past 2016 subs
Can't you post anything vaguely enlightening instead of rehashing RNS's? Not hugely helpful in truth
Infinis said day ahead pricing and operating costs were in line with expectations, and said its operational performance meant it would meet management expectations for the full year. The company has already said the removal of climate change subsidies would reduce its earnings in the current financial year by £7.5m. Landfill gas output was down by 6%, which the company said was due to a combination of the natural decline in landfill gas, drier weather conditions and planned full grid outages at two of our larger sites initiated by the local network operators which lasted for 11 days. The company's onshore wind business exported 152 GWh in the three months to 30 June 2015, which was an increase of 46% from the same period last year.
If all U Guys like infinis buy shares more and Guy Hands might shake on it and give u his shares cheap !!
The reason why this is dropping is several fold. Firstly, the RO support is being cut a year early. Secondly, the project finance market has closed until the legislation is passed by Parliament which will be next year. That may mean a lot of RO projects fail to get built. Possibly some of Infinis's. Thirdly, the have cut the LEC which provided around £8-10m of income for Infinis's wind and LFG assets. Fourthly, the Terra overhand. Fifthly, it was overvalued in the first place. Sixthly, this Government clearly hates renewables so there is the "what will they do next" discount. Seventh, are Infinis's tight leverage ratios ok? Eighth, what will the dividend be? Ninth, the Gov has just announced another assault on renewables today by proposing to cut solar and wind FiT subsidies. There are a few more but those are the main ones. Intrinsic value wise this is now cheap. Will it go up in the short term? Absent some exogenous factor, no!! But the equity is cheap.
Ok i thin why this is droping . 1 goverment help is to be reduce from next year , but still some help on offer subs!! 2 Guy Hands who wons 70 per cent of infinis is seeling his stake slowly. 3 lots of bussiness are buying in cheap the 70 per cent . 4 oil prices are at all time lows, landfill sites burn menthane from the ground . 5 worry diviend maybe be reduced due to high yield approx 14 per cent due to share drop. 6 cash 7m less this year and 11m next year approx, due to goverment subs taken away But all this still long term 2017 at least 16 new wind farms and more growth . This is a long termer share and the chairman is very postive statements.
Yes agreed Faramog this is definitely a case tuck it away in the back of the drawer and wait for that rainy day. When the ownership does finally get sorted out things should well improve. Lets hope the dividends maintain a healthy level in the meantime while we await the dizzy heights of the IPO price of £2.60 per share. Not this year that's for sure. Into 2017 is my guess. I am not selling at this price however
yes WilliamHBonney ... my thoughts too ... Long term renewables is a growth area, and their must be a better political strategy across europe, so I am (very) cautiously optimistic), but having lost half (notionally), I have labelled this a zombie in my portfolio and essentially written it off.. if it comes good great, but just no point selling at this stage.. I am also very perplexed by the SP movement. I know there is a lot of winging about MM's, but I dont really see that... Only thing that is going to bring this back is positive trading statements and the issue of ownership resolving