The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good comment Hengeo. Just Googled Utilico and they dont seem like the kind of investor that would own 100% of a company. They look like a fund, so not sure about a take out. Vote of confidence when the big holders are still investing though. Need the coalition to announce some long term measures for energy sector (all players). That will drive investor confidence and money will flow from banks and pensions to the best energy companies. REG's track record of getting things in the ground must put them up the list. I'm quite happy with the depressed share price at the moment, will just make the upside bigger when people work out the NPV of the cashflows of these projects!
Utilico have recently (last three days) upped their stake by thick end of 3million shares, to take their voting rights to >26%. Serious business. What price the full take over bid. Remember Directors turned down a 67p per share offer in January last year, itself a >40% premium to current share price. It's just a matter of time.
not for this company pal - check what theyve got in the pipeline - big couple of years ahead here should see the sp push on considerably from this level.
"Setback for UK wind industry as Doosan scraps investment plans" Guardian http://tinyurl.com/d2qmbqm Sounds as if wind is going off the boil.
http://online.hemscottir.com/ir/rwe/ir.jsp?page=news-item&item=971107138021008 Interim Results for the six months to 31 December 2011 RENEWABLE ENERGY GENERATION REPORTS STRONG MOMENTUM IN WIND AND BIO-POWER PROJECTS Financial highlights ● Group revenues of £6.3m (H1 2011: £4.3m) ● Group EBITDA of £1.6m (H1 2011: loss of £0.9m) ● Profit before tax breakeven (H1 2011: loss of £1.9m) ● Unrestricted cash resources of £19m as at 31 December 2011 ● Proposed interim dividend of 0.5p per ordinary share Operational highlights ● Planning committee approval for 10MW Denzell Downs Wind Farm ● Construction underway at 10MW Sancton Hill Wind Farm ● Construction commencing for 6MW South Sharpley site ● REG Bio-Power's 2MW Leeds North plant begins operating under National Grid STOR contract ● Extension to STOR contract provides secure revenues until March 2014 ● £25m project financing completed ● Receipt of deferred consideration for the sale of AIM Powergen Corp.
Decent wind levels must make the period under review look better. REG actually graph their output on their site - it is a bit out of date but shows 2011 was windier than 2010! http://www.renewableenergygeneration.co.uk/about_us/wind_power/wind_statistics DECC also put wind levels in the public domain. http://www.decc.gov.uk/en/content/cms/statistics/energy_stats/source/temperatures/temperatures.aspx It does not have December published yet but November was good. I have my predictions on REG's revenue from all this good wind, but going to keep them to myself.
I read somewhere that December was the windiest month on record since the mid 40s, well where I live. Was this the case in other parts of the UK and if so will this bump up REGs output of electricity? I know they reported a bad year last year as far as wind strength was concerned, I was just wondering if a very windy year/few months will have a decent effect on their bottom line? Anyone got any ideas on this? GLA
Hang on in there blad. This little volcano will erupt.................eventually. NAV is circa 70p+. This company will be taken out at around the 100p mark, I just don't know when, but at least in the interim we can comfort oursleves with the 4.0% yield. SP drop today linked to the last sale of 100 shs at 45p. really I ask you, what the hell is that all about. Selling 100 shares to raise £45. Someone needs to cover their weekly grocery bill
I open my mouth and the share plummets, typical. Anyone know what happened today? I read somewhere that it was because of "divi day" but I thought that happened on 14th December? Anyone? Put me out of my misery................. GLA
I hate it when you buy a share and it immediately falls in value leaving you with paper losses and having to sit tight waiting for something to happen, in this shares case it is the only one that I have bought that does not move and while not sitting on losses may be a pleasant change I might die of boredom with this one. Not something that is warned about in share trading, capital loss maybe but death by boredom? Never had that explained to me.
this whole sector just seems to be out of fashion with the biggies at the moment but be sure it will have its day & WIND is now very well placed to move up very quickly. one of the most undervalued shares in my portfolio - one to add & wait with.
Would say WIND are part of the pretty big club on AIM suffering from lack of interest. Yet another share that will come good in time. Agree on the news flow - bang on target
Yet more good news and they are keeping to their promises, why does the SP hardly move? Any thoughts?
Andrew Whalley, Chief Executive Officer of REG, said: "We are delighted to be able to continue our relationship with The Co-operative Bank, which also provided financing for five older REG wind farms earlier this year. "The equity released will be reinvested in new projects and REG remains firmly on track to meet its stated three-year goal of committing £100m to new UK renewable energy projects by the end of 2012." James Sutcliffe, Senior Manager at The Co-operative Bank's Renewable Energy team, said: "We are extremely pleased to be able to support REG on its latest financing and look forward to working with the company again as it continues to develop its portfolio of renewable energy projects."
Renewable Energy Generation Ltd REG completes project financing of three UK wind farms Renewable Energy Generation Limited ("REG") (AIM: WIND), the UK renewable energy group, today announces that it has completed the project financing of three operational wind farms. The projects are Goonhilly Downs (12MW), High Haswell (4MW) and Loscar (4.5MW), all constructed in 2010. The project financing is for £25m repayable in full over 15 years at an all in rate of 5.9% and is provided by The Co-operative Bank.
http://www.investegate.co.uk/Article.aspx?id=201112200700112834U
Looking to top up here at these prices, any thoughts? Fill yer Boots time?
Stop reading the Daily Mail and applying their hyberbole to a small fleet hundreds of miles away from the 165mph gusts. Indeed a turbine failed. And it was a Vestas, which REG have in their fleet. But no turbines in Scotland, where the winds were too extreme. So REG's 41.15MW would've run full tilt for the day. 41.15 x 24 x £100.....£100k revenue. Also, National Grid said 1.5GW of wind power in SCOTLAND shut down yesterday - this would have caused the needle at Grid to drop below the 50htz number and I bet REG got some STOR call outs - which pay big bucks.(http://www.bmreports.com/bsp/bsp_home.htm) Confirms the grid went crazy. REG are on target to increase revenue but more importantly increase EBITDA to north of £2m this year, last year EBITDA £nil.
Too much wind yesterday and one turbine in Scotland spun out of control and burst into flames.
If it was anything really juicy they'd be restricted in trading. Was half expecting an RNS on the financing of some of the stuff already operating by now :( Wind levels continue to be good though - so we might even see some decent half year results!
Lets get ready to rumble. CEO and FD have bought shares this week. If they don't know whats happening who does?
Certainty over the ROC scheme has to be seen as a positive, we are due some news on the next round of financing which could release another £20m of cash to build their consented stuff. Really seems like they have the process of develop / finance / build pretty well buttoned. Can only result in profits / cash and a decent SP.
Back to 50p at last. Half way to my top slicing target.
to be fair though, i think even a total amateur can see the value in this company and how crazy a market cap of £50m is!!