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Article written by myself, hope you can all take a few minutes to read and leave your comments! http://www.bulmerinvestments.com/mytrah-potential/ thanks liam
someone loading/offloading before the next news m8,whatever that is,they probably know...gl...
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whats going on here??????? some strange trades all of a sudden
Another hugely undervalued stock, which should be in most brokers radars by now...Will take off very quickly..Definitely a strong buy after the last set of results.
Why didd they drop so dramatically on Friday can envy one explain this to me
Is 59.75p a good entry point here? I was interested after the Midas article but thought the price inflated. Any thoughts appreciated.
Because we pay for this information, can we sue for our losses
Hi all, just started looking into these and am seriously considering buying, the level of growth forecast is impressive and looks to be based on actual secured contracts/ land etc. My only question having never been involved in India based companies is how secure is it as a base to do business in? What I mean is can the state be relied upon not to suddenly change the goal posts like they do in many African countries? I only ask because it looks like most of they're income comes from the contracts with the state.... forgive me if I'm missing something obvious!
Share tip certainly bringing in the buyers here today.
Money Home Markets Saving & banking Investing Bills Cars Holidays Cards & loans Pensions Mortgages & home Experts Forums Login Find a Job M&S Wine Our Papers Feedback Sunday, Nov 04 2012 9AM 8°C 12PM 7°C 5-Day Forecast MIDAS SHARE TIPS: India's Mytrah Energy wind farms are well placed to turn steady profit By JOANNE HART PUBLISHED: 22:49, 3 November 2012 | UPDATED: 22:49, 3 November 2012 Comments (0) Share Mytrah Energy listed on the Alternative Investment Market on October 12, 2010 at 115p. At the time it had no assets. Today it is the second largest independent wind power company in India, with contracts in place to sell electricity for the next 20 years. Wind turbines may be controversial in Britain but India is sufficiently large that farms can be built without seriously damaging the beauty of the countryside. Mytrah is already making money and profits are expected to soar over the next few years. Yet the shares have fallen to 74½p. At this price they are a bargain. Wind of change: Turbines are less controversial in India than in the UK Mytrah was founded by two successful entrepreneurs, Ravi Kailas and Alastair Cade. Kailas has already built and sold two companies in India. Cade co-founded London stockbroker Daniel Stewart. A couple of years ago, the pair realised that the Indian renewable energy market presented a real growth opportunity. There was huge demand for energy, supply was limited and wind farms were far cheaper to build than in other parts of the world. More... MIDAS UPDATE: Water purification firm HaloSource we tipped rises 30% in 25 days Share tips & Fund tips MIDAS EXTRA: Sing up today In the months before listing, Mytrah secured a contract with India’s leading wind turbine maker and operator, Suzlon, which guaranteed to deliver 1,000 megawatts of electricity at a fixed price by 2017. At the time, India’s renewable energy market was in an unusual position. The government had been offering generous tax concessions to investors in the sector so by 2010, there were about 900 companies and individuals with stakes in wind farms and other renewable energy projects. Kailas and Cade predicted that the tax break would not last for ever, so companies such as Suzlon would be looking for alternative investors. This proved correct. Suzlon had become accustomed to building wind farms in the expectation of selling small stakes to wealthy individuals. Mytrah was offering to buy entire projects. The deal benefits both parties. Suzlon has more certainty about its future now the tax concession has been withdrawn. Mytrah has contracted to purchase farms on a so-called ‘turnkey’ basis by which it does not pay for the turbines until they are up and running. This is especially important in India, where building projects have a habit of taking longer than expected. So far, there have been only minor delays, but any future setback
page 76..half page spread on this comp.... indian wind turbines....gla.......
N+1 Singer upgraded its rating for Mythrah Energy (MYT) from "hold" to "buy" with an increased target price of 73.7p, from 58p. The India focused wind farm operator's shares have fallen by 50% since March, which the broker attributed to delays in the commissioning of its development portfolio. Singer said that when operational this will add 270 megawatts to its existing capacity of 340 megawatts. On the broker's forecasts, the shares trade on a prospective earnings multiple of 17.9 times for 2013, falling to 6.5 times in 2014. Mythrah shares slipped by 0.75p to 61p.
Since the end of March, Mytrah Energy has increased its total installed and commissioned assets to 224.2 megawatts (mw), significantly short of its target to build 500mw by June. The sum included the total capacity of three of its fully completed projects, totally 106.2mw. The remaining megawatts are at four sites, and once these are fully completed - expected in the next eight weeks - the company will have 337.1mw commissioned and connected to the grid. The Maharashtra State Electricity Board has increased its tariff, meaning the company will benefit from a significant increase in the overall return on three of its projects.
The Company has reduced the size of its project at Sinner in Maharashtra by 10.5 MW to 18.9 MW, from the previously announced 29.4 MW, and is replacing the project at Hanumanthappa, Karnataka (25.2 MW) with an alternative site. In order to partially offset this within the Company's portfolio, Mytrah Energy has increased the size of the project at Kaladonger, Rajasthan, by 21 MW, from 75.6 MW to 96.6 MW. The Board believes that the ability to adjust its portfolio demonstrates one of the significant advantages of the Company's business model, as the turnkey nature of its contracts and the diversified nature of its project portfolio enables the Company to adjust the size of individual projects as circumstances change. In addition, and again due to the turnkey nature of its contracts, the Company does not incur an increase in the cost of the projects. The Maharashtra State Electricity Board has recently increased its tariff from Rs. 5.37 per kWh to Rs. 5.67 per kWh and all three of the Company's projects under development in Maharashtra will benefit from this increase in tariff providing a significant increase in the overall return on these projects. In addition, the Company anticipates both Rajasthan and Andhra Pradesh to increase their tariffs in the near term. In light of an expected tariff increase in Andhra Pradesh, the Company intends to wait to continue the development of its first project with Gamesa at Burgula (79.9 MW), in order to benefit from the expected higher tariff. The Company is pleased with the progress at its sites and the Board is confident that Mytrah Energy is set to become the largest wind energy IPP in India over the next few months. In addition, the Company has now secured all the senior debt financing required for its projects under development, and is in the final stages of identifying the sites for its roll-out through 2012 and 2013.
Operational Update The Board of Directors of Mytrah Energy (the "Board") is pleased to provide an update regarding the progress of its current installations. Since the Company's announcement of 23 March 2012, Mytrah Energy has increased its total installed and commissioned assets to 224.2 MW. This includes 106.2 MW of fully completed projects being: Tejva, Rajasthan (42 MW); Mahidad, Gujarat (25.2 MW) and Chakala, Maharashtra (39 MW). The remaining 118 MW are at four sites that once fully completed will total 231 MW. These projects are Kaladonger, Rajasthan (with a total project size of 96.6 MW - increased from the previous announced total of 75.6 MW); Jamanwada, Gujarat (52.5 MW); Vajrakarur, Andhra Pradesh (63 MW) and Sinner, Maharashtra (18.9 MW). Mytrah Energy is currently seeing good progress at these sites and expects these projects to be completed and commissioned in phases over approximately the next 60 days. Following the completion of these sites, the Company will have 337.1 MW commissioned and connected to the grid.
http://www.investegate.co.uk/Article.aspx?id=201205180700156242D