Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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EU set to pledge billions in support of 'top priorty' North Sea supergrid. www.heraldscotland.com/business/
Was the old CEO doing a bad job under the circumstances. The pice was driven down by the mm's last week aggressively and unfairly why they cherry picked the fleeing shareholders shares. This week they look like they want to drive up the share price a bit to make a gain on their new purchases. Were all a bit wiser to these tactics now and i expect most have sold as the momentum stopped today !!
Is it time to buy more so as to average down? Personally could be going the right way with all the recent facts but probably a long scary, nail bitting ride.... if Terra Firma are buying it must be a good sign, maybe the new CEO is really good news, surely he would join up unless he thought there was some mileage in it?
Lot of sales today HL Site is showing 67% sales versu 33% buys. was yesterdays bounce just the market getting behind the SP as it was rising. Todays looking a bit flat by comparrison so which way is it going to go ???
Could they have a change of direction as they seem to be buying more than selling according to recent rns's.
Infinis shares boosted as renewables group nabs Centrica executive (ShareCast News) - Shares in Infinis Energy rose after the renewable energy operator poached Centrica chief financial officer Tom Hinton. Infinis Energy shares were up 7.52% to 157.25p after the firm announced Hinton will replace current CFO Gordon Boyd. Infinis chief executive Eric Machiels said Hinton had broad power sector experience and will bring significant insight and value to the management team. The company said Hinton will join the Infinis board in late November.
Well it looks like I may well have correctly identified that bottom... ....Visions of a Police Identity Parade full of pert Botties....Ooh Matron! :-D
Such a Tease! LoL
Renewable energy company Infinis Energy has reached a deal to acquire an 18.5 megawatt consented onshore wind farm project in Northumberland from Peel Group. Renewable energy generator Infinis Energy swung to a profit in the year to the end of March, although revenue was hit by weaker wholesale power prices. The FTSE 250 group posted a profit before tax of £20.7m for the 12 months to 31 March compared with a restated loss of £11.8m last year, while revenue declined 1% year-on-year to £236m. Earnings before interests, tax, depreciation and amortisation (EBITDA) fell 3.77%, although excluding exceptional items EBITDA jumped 31.4% to £140.2m. The increase was due to a £39.4m exceptional item in the last financial year, which did not recur in the year to 31 March, the company said in a statement, adding that administrative expenses were halved to £39.2m, while finance expenses fell 35% to £38.5m. The group said its landfill gas and wind businesses were performing in line with expectations and said its contracted position and an expected increase revenue meant it had "good visibility of cash generation for the coming year". "In early December 2014, Terra Firma, the general partner of our largest shareholder, announced their desire to find a way of selling down their entire and remaining holding of nearly 70%," said group chairman Ian Marchant. "We have engaged constructively with Terra Firma and continue to seek solutions that are in the interests of all shareholders."
Renewable energy company Infinis Energy has reached a deal to acquire an 18.5 megawatt consented onshore wind farm project in Northumberland from Peel Group. Along with the 8 megawatt Sisters Wind Farm project developed by Infinis, which neighbours the newly-acquired project, the facility is at an advanced stage of construction and the London-listed company said it expects grid energisation to take place in June next year. Last week, the Department of Energy and Climate Change said new onshore windfarms will be excluded from a subsidy scheme from 1 April 2016. "We are driving forward our commitment to end new onshore wind subsidies and give local communities the final say over any new wind farms," said Energy and Climate Change Secretary Amber Rudd.
(ShareCast News) - Sell shares in waste-to-energy producer Infinis Energy, said the Sunday Times's Inside the City column. When Chancellor George Osborne last Wednesday swept away long-standing tax breaks for Infinis, Drax and other green energy producers in his Budget it was an especially big blow for Terra Firma, the private equity firm that owns 69% in the company and had been looking to sell its stake. Infinis, whose main businesses are onshore wind farms and converting waste gas from landfill sites, closed the week at 145.75p, a drop of 27%. Since the UK general election the company has been hit hard. Two weeks ago, the energy secretary slashed payments to wind farms, making the prospects for some projects in Infinis's pipeline less certain, while the Budget's takes a bite of £5 per megawatt hour out of earnings. The company now believes profits will fall £7m this year and £11m the next. Although Infinis generates plenty of cash and yields a healthy 12%, profits are headed the wrong way and its £610m in loans now represents 30% more than its market value.
July 2015 Investec 07/07 Reiterates Buy 240.00p
Dividends Final Ex-Dividend Date 09-Jul-2015 Final Dividend Payment Date 07-Aug-2015
Director 26-Jun-14 Buy Trade Notifier Information for Infinis Energy Alan Bryce 236.1 GBX 10,000
reminds me of those magnificent men in their flying machines ... down.. up ... so all those who bailed must be feeling a tad sheepish ... I have considered buying more but don't want too much in one place
RUTTER LLP Discretionary investment management for private clients, trusts, charities, companies and pension funds are buying and bought at the higher prices. They must know something..
Paul Stomach: I agree with you, the mm's rig it upwards and downwards, even sometime holding it at a certain price. IMO All for their personal circumstances not the good of the market.
More 'sales' than 'buys' yet the SP is up nearly 5%. Obviously the market is rigged.
an important future . . . .http://www.bbc.co.uk/news/business-33527967 . . . . . . . . . . .. . . . . . . . . . The risk of blackouts this winter has increased compared with a year ago, according to National Grid. Osbourne has to have another scheme for renewables up his sleeve
Again Doc all anecdotally interesting but Woodford hates wind with a passion as does Drax. Irrelevant to the valuation and you seem unable to present any credible and informative view on value here apart from meaningless regurgitation.
Woodford hits out at Osborne's cut in renewal energy tax break Chancellor of the Exchequer George Osborne has lost the support of at least one large U.K. investor after his decision last week to eliminate a tax break for renewal energy sent shares of Drax Group Plc tumbling. Fund manager Neil Woodford, who has more than 11 billion pounds ($17 billion) invested mostly in U.K. companies including Drax, said cutting the tax exemption for renewable energy companies had “profound consequences” for future investment behavior. “If government cannot be trusted not to fulfill its long-term commitments, then it will have to accept that it cannot rely on support from institutional investors,” Woodford, 55, said on his blog. “That would not be a good outcome for the U.K. economy.” Osborne’s decision to remove the exemption from the Climate Change Levy comes as the government looks to private investors to fund infrastructure. Munich-based Allianz SE, one of the biggest institutional investors in clean energy, said last year that a lack of political support was undermining further investments in projects. Drax Group plc Sell: 257.40 | Buy: 257.50 negative 4.40 (-1.68%) Graph Prices delayed by at least 15 minutes. Woodford, who has seen his 5.3 percent stake in Drax fall by more than 25 percent in value since Osborne’s announcement, sent a letter to the government after the budget. Drax, based in North Yorkshire, England, is converting the biggest U.K. coal station to burning wood pellets, considered a renewable fuel. The former Invesco Perpetual fund manager said about 1 billion pounds of shareholder money was invested in Drax on the premise of “long-term commitment” from the government. “This latest example of back-pedaling demonstrates that government believes that policy can be amended to suit changing political priorities without due consideration” for the economy or privately funded infrastructure projects, Woodford wrote. Drax has converted two of its six units to burn biomass with plans to bring a third online by 2016. Removal of the levy, an indirect subsidy for clean power, would result in generators losing as much as 6 pounds a megawatt-hour they produce.
Looking at the HL website, at 16.22 today 258147 shares bought at 139.38 costing £359800.13. OK these sell/buy stats are not 100% accurate, but nevertheless there were 74.91% buys against 25.09% sells. Both these stats must lean the right way for more positive action. Doctor Shares is just an information channel useful to read but otherwise not much help in the discussions here.....
You keep regurgitating stuff from Infinis rather than answering the question of valuation. I suspect you have no idea at all re its intrinsic value in truth.
Outlook · Our landfill gas and wind businesses are performing in line with expectations. Due to our contracted position, combined with 50% of expected revenues increasing in line with inflation, we have good visibility of cash generation for the coming year. The increase in the carbon price floor to £18 per tonne of CO2 on 1 April 2015 and the ongoing tightness of the reserve margin during the Winter season are supportive of wholesale power prices for Summer and Winter 2015; · Our onshore wind capacity growth plans are on track with A’Chruach (43 MW) in full construction. Pre-construction work has begun at Galawhistle (66 MW) with financial close expected shortly. Sisters (8MW) is at advanced stages of contract negotiation. Our IPO commitment to increase operational wind capacity by 130 to 150 MW by March 2017 remains unchanged; · We have a strong operational platform and a track record of delivery which we believe will allow us to take advantage of opportunities for further growth in the clean and affordable energy space in the future