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Yes looking good SMT. Would be very positive to break through the 50 dma at 42p. It looks then that it will meet resistance at about 44-45, but some consolidation at that level might not be such a bad thing to enable the SP to make further progress looking towards the trading update for 2016.
Moving up again today
Great company, I think it's good time to go solar, can see some solar farms coming on line this year to add to there already 1000 mw cash generating wind farm, results are going to be the next big update where everyone will know how well this company has delivered the goods from having no assets five years ago.
Thanks SMT - excellent talk by Bob Smith in such a short space of time. Certainly fills me with confidence that I was right to buy in again at 49.5 at the end of October and 33.6 more recently.
Mytrah ceo bob Smith talks to tiptv yesterday interesting chat, said Co is undervalued and very exciting year ahead.
SMT maybe. Will be interesting to see if the momentum will carry on next week, or whether there will be profit-taking. Not too worried if the SP does consolidate for a few days next week, so long as it then starts up again. Have a good weekend.
Think there's a big buy order in the background being filled, last March there was a 10p jump after results so if we get full correction before then and a 10p bonus on results day then we could be looking at breaking 52 week high, this could easily go to 1 pound a share next six months
Good to see that MYT take their social responsibilities seriously:- http://www.4-traders.com/MYTRAH-ENERGY-LTD-6718671/news/Mytrah-Energy-Fiinovation-carries-out-assessment-studies-for-Mytrah-Energy-at-Anantapur-23651998/
Strange bid and offer showing live on HL of 38.25 and 40.00 despite the apparent big sale of £32.85K at a price of 36.5. Is it possible that this was actually a buy at a special price? Anyway, good to see the continued rise today.
Well we all knew that it was ridiculously cheap and due for a rebound. Always good to see it happen though. Hopefully, we should see the SP recover to at least to 44p in the next week or two, if not sooner, where the chart indicates resistance, being a previous support level.
5 times the average volume with alot.of buys, maybe director deals or ii moving in before results.
Rise today just confirms that it's the currency that's moving this stock up and down as the rupee has moved against a weak last couple days
Like to see those cheeky little buys crop up near close, and a blue finish (even if only slightly!) hope for more tomorrow.
Interesting company to compare charts, they also had a drop in December, this confirms that for me it was currency impact ie India repuee falling due cash crisis This Imo is almost sorted and dollar on the fall binds well for correction
Up to 33p to buy now, move it up 0.32 without any buys
Good find St Pete, certainly could be connected, hopefully they are right and it bounces soon!
Found this which is of interest:- http://investinghaven.com/screening/india-stock-market-outlook-2017/ I note the sharp drop at the end of 2016 and perhaps that is one reason why MYT followed suit.
it dropped to around 32p super quick, then there was a 100k buy which stopped the drop, has hovered around this level since, so not sure if that 100k was on the promise of more if they can keep the price down.
At nearly historic lows this seems a no brainer, just wondering what made this drop so much on good news really haven't seen any other share like it, mm may be really low on shares. With big buyer on the sidelines
This provides a ridiculously low PE - as a significant proportion of investors are chasing reliable income I cannot understand why the share price is at this level. Recently purchased at these low levels to add to a small holding purchased at a higher price.
The real action in my view is in 2017. They go in with 1GW and will build more capacity. It may well be a La Niña year and, unless more one offs, no $8m of refinancing and bonus costs. Could be $20m plus of profit
I don't think the company is an obvious takeover target and I don't think Ravi would sell (but everyone has their price). Having said that there is bound to be consolidation of these Indian IPPs (particularly the renewable ones) and Greenko was taken out by GIC (Singapore SWF) albeit that was opportunistic given that GKO's price crashed when the implications of a stupid mezz financing they had taken from GKO became apparent.
SMT. Firstly profit. This is a bit difficult to judge given big ramp up this year. The starting point is the first half year's results. That was a $6m loss but there were $8m of one off refinancing and bonus costs. So underlying was c$2m profit. The refinancing was done to save $4m pa but was only done in March so only $1m saved in first half. So the second half starts at $3m (2 + 1). Last year second half revenue was about 30% higher on more or less the same operating assets. In first half 2016 about 300MW of new assets came on stream. So in the second half they had 20% more assets. Overall I would expect $25-30m additional revenue in second half. However, costs (mainly interest) might be $15-20m higher. So $10m in the second half. Add to $3m to get to $13m Less $6m for the first half takes it to $7m. I think my assumptions may be a bit conservative so $10m for full year.
The fall may of been done to the trump effect. TIMELINE match up, was reading last night an old report from Beaufont, when price was 68p and they were saying buy with 1 pound target, it was 2 years old, the Co is in better shape but half price,?? ¿????¿???? sooner rather than later this is going to be in the 40s
Agree. What sort of profit we looking at this year, and when will be reported. Do you think company is takeover target and would ravi sell, who is the seller thats deflating the stock or is just no body is interested in clean renewable energy at moment, interesting that oil has gone up and this has gone down, guess looking for what makes this stock move whats it's trigger, gold stocks are easy as you got the gold price and same with oil, there is no commodity price for the sun and wind, although with global warming guess but what makes this stock half in price is just 3 months when there's no bad news if anything the news very good record breaking revenue cheap credit and profit what is it there must a reason