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I'm hoping the results may be due out this week; they can't be far away now. 2015's were announced on 3 March 2016, whilst 2014's were announced on 21 April 2015. Although, the Bod have probably decided to incorporate the changes arising from the new Indian accounting standards, which probably has caused a delay, I would not expect that to push them later than the end of this month, unless the Indian subsidiary's refinancing/fund raising and the probable IPO also delays them. At the current mcap of just £43m, IMHO we may reasonably expect a re-rating once all has been made clear.
To be frank the silence from the company is unacceptable - poor investor relations
Well I guess there is nothing to be announced until the results. Although, they could I suppose at least let us know when they will be.
We may have to wait a little longer yet... from what I can see 2012's results were released in June 2013 and 2013's are not on the website in the comms. section (so no idea when they were released) but they are there in the annual report - and that was a very good year. I agree that it's bad they don't just give us a date (something they can easily achieve). You'd think we'd have had them by now when the chairman said in December: "I look forward to updating the market on our 2016 results in early 2017". Has anyone ever tried emailing them and got a response before? I emailed over a year ago about land - do they own any of the land, do they lease it or is it "rent free" on the condition they build quickly. I never got a reply but didn't follow it up. At least the accounting update in February reiterated the trading in line with expectations mantra. Admittedly that's really loose and I do start thinking worst case (e.g. what have they uncovered by changing their over to the Indian accounting). Still, more assets working in a better monsoon season means I'm also of the view that this is a cheap valuation for a company that appears to be doing what it needs to do very well. Do you think the only (but understandable) fear is about the falling wind and solar prices? This seems to be driven by some smaller players desperate to get a foothold in the market before they're left behind. Not sustainable. Some Indian state governments are reportedly refusing to sign power purchase agreements for rates they have agreed to because they now want a better price (the recent auction rate price). I imagine these are isolated incidents by a few state government chancers who think contracts don't matter. But maybe there's more risk here than there used to be. Still... IMO a good company at a great price and I agree that I think (aka guess) we'll get a re-rating when the results are released. I can't imagine anything other than a big increase in revenue reinvested into much higher finance costs to build more wind and solar farms. Then the same next year and so on. Any other predictions?