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Since the fairly positive Q1 trading update 2 weeks ago the SP has dropped a further 24p (approx. 17.75%). I appreciated the markets are getting hammered but would you not agree this stock is getting hit harder than it should be. The dividend was kind but that level of return wont last forever. Can anybody offer any plausible reasoning for the SP and opinion on the likelihood of an upward trend for a change for the SP to recover? or will good news just offer a spike for a day and then be a day traders dream with a tail off to lower SP than prior to the good news. Not one of my better investment choices
What's the point of your posts. All I can see is this dropping. Lost half my money already.
Dividends A dividend of £5.6m was paid to our shareholder, Infinis Energy Holdings Limited (“IEHL”), on 19 May 2015. Following the approval of the board of directors of Infinis plc, and after taking account of our working capital requirements and our available distributable reserves, we paid a further dividend of £17.1m on 21 July 2015 to IEHL. The dividend comprised £3.9m calculated under the consolidated net income test and £13.2m calculated under the leverage test.
Capital expenditure Capital expenditure during the quarter was £3.3m (2015 Q1: £3.5m). Cash and net debt / EBITDA Cash at 31 March 2015 was £61.0m (2015 Q1: £46.3m). Net debt / last 12 months’ EBITDA was 2.8x (2015 Q1: 3.1x).
A dividend of £5.6m was paid to our shareholder, Infinis Energy Holdings Limited (“IEHL”), on 19 May 2015. Following the approval of the board of directors of Infinis plc, and after taking account of our working capital requirements and our available distributable reserves, we paid a further dividend of £17.1m on 21 July 2015 to IEHL. The dividend comprised £3.9m calculated under the consolidated net income test and £13.2m calculated under the leverage test.
Cash and net debt / EBITDA Cash at 31 March 2015 was £61.0m (2015 Q1: £46.3m). Net debt / last 12 months’ EBITDA was 2.8x (2015 Q1: 3.1x).
Infinis Energy up on first quarter update Shares Jump Shares in Infinis Energy rose after the company said power generation was up by 14GWh to 586GWh. At 0829 BST shares in the renewable energy company were up by 1.5% to 135p. 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.
That debt is the long term project finance plus a £350m bond over te LFG assets plus some wind assets. That's the one with the tight covenants given the LEC income loss.
Jeez where do these idiots get their facts from! Infinis's dividend was around 18.3p. That puts it on a current yield of about 13%!! I'm assuming, absent some radical cost cutting plan, they will reduce if by the LEC so maybe it'll be 14p? Might cut it more if their RO projects can't get the grace periods but I'm assuming they will. So it's on about a 10% yield post cut.
I Shares in renewable energy company, Infinis (LSE: INFI) and shale gas operator, IGAS (LSE: IGAS) are up strongly today after positive news flow. Meeting expectations In the case of Infinis, its shares have risen by over 5% after it reported a strong first quarter of the year. For example, Infinis generated 586 gigawatt hours of power in the first quarter of the year, which is up from 572 gigawatt hours in the first quarter of the previous year. Furthermore, Infinis has been able to meet market expectations thus far for pricing and costs, which is encouraging news for its investors. However, challenges could lie ahead for Infinis. For example, the government subsidies for renewable projects are due to change and the company is facing some uncertainty as it attempts to complete onshore wind projects in time to receive them. Fast-track fracking Meanwhile, IGAS’s shares have risen by over 8% today as the company received a boost from the UK government’s comments regarding the future of fracking. In fact, fracking will now be considered a national priority and, as a result, applications to engage in fracking will be fast-tracked so as to avoid the lengthy delays by local councils that have become a feature of the industry in recent years. Looking ahead, IGAS appears to be on the right side of government policy. That’s because the Conservative majority government appears to be keen to embrace fracking because of the additional employment opportunities and tax benefits that it could bring. That’s especially the case since it appears likely that investment in the relatively uncompetitive North Sea oil and gas sector may decline over the medium to long term, as energy companies continue to cut back on capital expenditure and investment. Under pressure Infinis Energy, though, could struggle in the short run as the government is scrapping the exemption to the climate change levy and, partly as a result of this, the company’s bottom line is due to come under pressure in the next couple of years. For example, earnings are forecast to decline by 12% this year and by a further 3% next year. This puts the company’s dividend under additional pressure, with shareholder payouts being roughly the same as net profit. As a result, it would be of little surprise for Infinis to cut its dividend over the medium to long term, although it is likely to remain a top income stock due to its present yield being a whopping 7.1%. Preferred option Looking ahead, IGAS has strong growth prospects. Its earnings per share are set to rise to 1.7p next year, which puts it on a forward price to earnings (P/E) ratio of 17.2. While this is higher than Infinis’ forward P/E ratio of 13.6, IGAS appears to have brighter prospects than its renewable peer and, with the government’s proposed opening up of shale resources in the UK, it stands to benefit to a significant extent from a more favourable
Financial position Cash and cash equivalents stood at £107.7 million as at 30 June 2015 and net debt at the same date was £527.2 million. There were term loan drawings of £5.7 million on the A'Chruach funding facility. The Galawhistle funding facility was undrawn.
Certainly the results are in line with expectations unlike the SP that has been unfairly hauled down completely contrary to the results. *Strong Buy were it not for the mm's)
I didn't know what the results would be like other that its been a P50 period and assuming costs remained under control (good management so they should) then EBITDA and EPS should be ok assuming decent availability. So results were in line with expectations but probably a rally based on some bearish shorts closing which is why I flipped a few that I bought yesterday for a "punt". However, was only a small part of holding as I'm not into short term punts as a rule. But at 133 hard to resist. I'm assuming Fatso that as you had perfect insight into the results you filled your boots yesterday? Or are you still out of Infinis and into that excuse for a bank RBS! Oh yes you don't own Infinis therefore this rally is irrelevant for you!
Parki sounds down in the dumps about results. Results were as expected being very good and quite contrary to what Parki and mm's have been leading us to believe. Results indicate Infinis is a Strong buy, (but for fiddling)
Erm they announced interim results (that were quite good)! That'll be it.
Shares in Infinis Energy rose after the company said power generation was up by 14GWh to 586GWh. At 0829 BST shares in the renewable energy company were up by 1.5% to 135p. 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. - See more at: http://www.digitallook.com/news/news-and-announcements/infinis-energy-up-on-first-quarter-update--831097.html#sthash.vcN6fQwb.dpuf
Good raise today, does anyone have any idea what has changed ( other than the SP of course )
As all the other days since July 8th.
Now you are being preposterous. Its up 6%. Flogged a few idle ones I bought as a punt yesterday but hanging on to the rest for clarity on dividend and capex.
Down on sells and down on buys. Strong buy if it weren;t for the fiddling.
Boring. There was a big seller yesterday. Still is.
by Infinis's marketmakers. Yet again mm's pull down SP unnecessarily.. (Strong Buy but for mm's activities).
Move on. Its boring
Had a mugger repeated their unlawful actions so many times they would be locked up by now. Strong buy except for mm's.
Can't pick the loser. They both are.