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16 02 2015 Interim Management Statement 28 05 2015 Preliminary full year results 09 07 2015 Ex-dividend date 10 07 2015 Record date 16 07 2015 Annual General Meeting 07 08 2015 Final dividend payment date 13 08 2015 Interim Management Statement 12 11 2015 Interim results 19 11 2015 Ex-dividend date 20 11 2015 Record date 11 12 2015 Interim dividend payment date
Group operating and financial performance The Group had a strong first quarter with total power generation up 14 GWh to 586 GWh. Day ahead pricing and operating costs were in line with expectations. We have maintained our focus on operational performance with high engine reliability in our LFG business of 96% and wind availability also at 96% over the period. Landfill Gas The LFG business continues to deliver solid output, exporting 435 GWh in the three months to 30 June 2015 compared to 463 GWh in the three months to 30 June 2014. The reduction in output of 6.0% was due to a combination of the natural decline in landfill gas, drier weather conditions and planned full grid outages at two of our larger sites initiated by the local network operators which lasted for 11 days. Adjusting for the one-off outages, the output decline would have been 4.7%. The proportion of electricity exported under the RO regime for the three months to 30 June 2015 was 93% compared to 84% for the comparative period in 2014 and the total average selling price (“ASP”)(2) for the three months to 30 June 2015 was £93.51/MWh, an increase of £4.43/MWh on the comparative period figure of £89.08/MWh. Onshore Wind Our onshore wind business exported 152 GWh in the three months to 30 June 2015, all under the RO regime. This was a 46% increase (+48 GWh) over the comparative period in FY15. On a rolling 12 month period to 30 June 2015 wind output was in line with long term average (P50) wind conditions. The wind ASP for the three month period to June 2015 was £88.59/MWh compared to £88.06/MWh in the comparative period to June 2014. Onshore wind construction and development activities The construction of the A’Chruach wind farm (43MW) is progressing according to plan. All 21 turbine bases are complete and, in addition, all site access roads are complete. Turbines will be erected over the Summer with final commissioning still expected by March 2016. We have completed phase 1 construction works on the Galawhistle project (66MW) which included site access road construction and the sub-station floor. Construction work is underway on the main site infrastructure works. We are also at advanced stages of procurement and financing on our wind farm projects at Sisters and North Steads (formerly known as Blue Sky) with financial close expected in early Autumn 2015.
Infinis has been lifted by the wind .. up 45 per cent this year and will fly past the land fill site of part of the bussiness. by 2017 estimate wind farm expanded beyond the land fill site of the main bussiness. Infinis said due to wind farm porgenst most being built wil be covered by the goverment grace perioud contracts If this is true hudge expanson of the wind farm area will over take the bussiness.
Infinis rising yes not sure why possible recover stock .. The wind has lifted it i tink due to around 45 per cent up this year . I t has been said by 2017 wind will over take the land fill site bussiness. Infinis is a land fill site and wind bussiness.
Yes they will park a lot of the new wind farms in scotland as they side with them better goverment .. Amber Rudd who voted scrap this subs, will go to scotland invited to change her mind see the effects wind farms have on health ben e fits .. and see its a good source of future power. I suggest if we all park our shares this side of england infinis support !!
Infinis Energy plc and Drax Group plc have today initiated proceedings for a judicial review of the notice period given by HM Treasury when removing the exemption from the Climate Change Levy (CCL) for electricity generated from renewable sources. The basis of this review is that the exemption was removed without the application of an appropriate notice period, as the notice given was only 24 days. The companies ask the court to consider a reasonable and proportionate notice period for withdrawal of such renewable support.
Remeber guys the gverment ro subs dont scrap until 2016, goverment will introduce another scheme. so still some help and the wind farm tax might not go ahead. If u guys have faith in infinis the gverment might shake hands on a new deal !! 2016 deadline to stop subs and no taxes, aftre 2016 a new scheme might become in place.
What u guys want to know about infinis Parkside13 what u want to know about infinis ? I do know 2017 expand the wind farm side of the bussiness more wind in the park . up north scotland. Some or all of the wind progect should be under the Ro subs. Also amber rudd will still support the wind farms being built until 2016, and she has been invited to scotland to see if she support wind farms past 2016 subs
Infinis said day ahead pricing and operating costs were in line with expectations, and said its operational performance meant it would meet management expectations for the full year. The company has already said the removal of climate change subsidies would reduce its earnings in the current financial year by £7.5m. Landfill gas output was down by 6%, which the company said was due to a combination of the natural decline in landfill gas, drier weather conditions and planned full grid outages at two of our larger sites initiated by the local network operators which lasted for 11 days. The company's onshore wind business exported 152 GWh in the three months to 30 June 2015, which was an increase of 46% from the same period last year.
If all U Guys like infinis buy shares more and Guy Hands might shake on it and give u his shares cheap !!
Ok i thin why this is droping . 1 goverment help is to be reduce from next year , but still some help on offer subs!! 2 Guy Hands who wons 70 per cent of infinis is seeling his stake slowly. 3 lots of bussiness are buying in cheap the 70 per cent . 4 oil prices are at all time lows, landfill sites burn menthane from the ground . 5 worry diviend maybe be reduced due to high yield approx 14 per cent due to share drop. 6 cash 7m less this year and 11m next year approx, due to goverment subs taken away But all this still long term 2017 at least 16 new wind farms and more growth . This is a long termer share and the chairman is very postive statements.
Dividends A dividend of £5.6m was paid to our shareholder, Infinis Energy Holdings Limited (“IEHL”), on 19 May 2015. Following the approval of the board of directors of Infinis plc, and after taking account of our working capital requirements and our available distributable reserves, we paid a further dividend of £17.1m on 21 July 2015 to IEHL. The dividend comprised £3.9m calculated under the consolidated net income test and £13.2m calculated under the leverage test.
Capital expenditure Capital expenditure during the quarter was £3.3m (2015 Q1: £3.5m). Cash and net debt / EBITDA Cash at 31 March 2015 was £61.0m (2015 Q1: £46.3m). Net debt / last 12 months’ EBITDA was 2.8x (2015 Q1: 3.1x).
A dividend of £5.6m was paid to our shareholder, Infinis Energy Holdings Limited (“IEHL”), on 19 May 2015. Following the approval of the board of directors of Infinis plc, and after taking account of our working capital requirements and our available distributable reserves, we paid a further dividend of £17.1m on 21 July 2015 to IEHL. The dividend comprised £3.9m calculated under the consolidated net income test and £13.2m calculated under the leverage test.
Cash and net debt / EBITDA Cash at 31 March 2015 was £61.0m (2015 Q1: £46.3m). Net debt / last 12 months’ EBITDA was 2.8x (2015 Q1: 3.1x).
Infinis Energy up on first quarter update Shares Jump Shares in Infinis Energy rose after the company said power generation was up by 14GWh to 586GWh. At 0829 BST shares in the renewable energy company were up by 1.5% to 135p. Infinis said day ahead pricing and operating costs were in line with expectations, and said its operational performance meant it would meet management expectations for the full year. The company has already said the removal of climate change subsidies would reduce its earnings in the current financial year by £7.5m. Landfill gas output was down by 6%, which the company said was due to a combination of the natural decline in landfill gas, drier weather conditions and planned full grid outages at two of our larger sites initiated by the local network operators which lasted for 11 days. The company's onshore wind business exported 152 GWh in the three months to 30 June 2015, which was an increase of 46% from the same period last year.
tuck away the diviends at these price, and wait !! Lets see we can all comment later ok !! Buy .... until stronger more expansion plans .... hope the brokers upgrade soon
Long-term portfolio stability: – all plants grandfathered under the RO regime – site leases and gas agreements secured over the long-term Predictable energy yield: highly predictable base load LFG complements intermittent wind Operational excellence: most power plant maintenance activities are provided in-house through highly trained technicians Cash flow generative: once commissioned and operational, the power plants have predictable operations and maintenance (O&M) spend and benefit from indexed revenue support schemes
Against this background, I believe that the delivery record of the Infinis team is impressive. Our key measure of profit, EBITDA before operational exceptional items1, at £142.8 million, demonstrates the resilience of our business model. We have made good progress on our growth plans with the A’Chruach wind farm construction now well underway and the Galawhistle project expected to achieve financial close shortly. We now have around 109 MW of new wind capacity in construction and pre-construction and we are exploring and developing a number of different options for the remaining commitment to build 130 to 150 MW made at the time of the IPO. We have also delivered on the dividend commitment we made back in November 2013. We are pleased to declare a final dividend of 12.2 pence per share which brings the total dividend for the full financial year to 18.3 pence per share. The Board and management team have met regularly during the year and we have taken the opportunity to hold our meetings at various Infinis locations. The highlight was meeting at the Centre of Excellence in Lancaster where our expert engineers overhaul our LFG engine fleet. The Board and management team, as I wrote last year, is a good mix of experience of industry and backgrounds. This, I believe, is serving shareholders’ interests well. Sadly, Sam Calder, our Company Secretary passed away in December last year and her valuable input to Infinis and the Board will be greatly missed. I believe that this track record of delivering in a challenging environment demonstrates both the resilience of the Infinis business model and the commitment of the whole Infinis team, two features that will serve shareholders well in the years ahead. Ian Marchant Chairman Infinis Energy plc
Strategic disposal of non-core Hydro business for a cash consideration of £20.5 million for future reinvestment in the onshore wind pipeline