Lets see where we go26 Aug 2015 00:25
From one of LSE's listed Solar Farm funds which currently has a market cap of over £250m ... this extract is from an RNS put out in January!! No wonder so many people lose money in this market most den't have a scooby what the hell they even buying or when to sell!!
"check this... taken from an RNS on one of the listed solar farm trusts websites, currently sat with 250m mcap!!
27 January 2014 Trading Update: Operational assets generating ahead of target -- The 32MW, 2 ROC Wymeswold plant reports electricity generation performance of 15% above expectation since November -- The Company's funds are 100% committed -- Grid connection of further capacity imminent Press Release 27 January 2014 : Foresight Solar Fund Limited ("Foresight Solar Fund" or "the Company") is pleased to announce that Wymeswold, the UK's largest operational solar plant, at 32 MW and sited on a disused WWII airfield in Leicestershire, has been generating power at 15% ahead of expectation for the three months November 2013 - January 2014 (as at 22(nd) ). The fully operational plant, which benefits from 2 ROCs/MWh having been commissioned before April 2013, was acquired by the Company, as expected, shortly after IPO in early November 2013. Two further plants described in the IPO Prospectus, namely, Castle Eaton (Swindon SPV) and High Penn (Calne SPV), totalling a further 28MW, are expected to be fully operational and grid connected shortly. The Company remains on target to have all IPO proceeds invested in grid connected, operational assets by the end of Q1 2014."
Our plant will be 50MW. So will surpass the 32MW one. We own 26%, lets use the figures of the 32MW one and not even extrapolate the mcap to a 50MW one.
Guess what - 26% of 250m mcap, £77.5m mcap, which is bang in the middle of my PE of 5 conservative or 10 generous using £10m to MAC. If you extrapolate the figures using 50MW, then its £120m mcap on one plant and using the Wymesold as a guager.
Our business model requires no capital outlay so no placing will be forthcoming. People really need to do some research on how we work.
Also dividend approved so no increase on shares.
56m shares in issue. 27m in free float of which liquid1 has 1.5m shares so only 25.5m shares in free float.
YES or NO Councillors ???