Yeah, and this paragraph sums up my view ........ "While Rame's share trading performance has been disappointing since IPO, we remain confident of their business model and we hope to see significant progress over the next twelve months."
What PIRI had to say “Our investment in Rame was made principally at the pre-IPO stage, investing £410,000 in February 2014. We invested a further £55,000 at IPO and made a further modest investment to maintain our stake in a later fundraising round. Since IPO, Rame has successfully completed a 15 MW wind project at Raki in Chile and this is expected to be operational imminently; Rame has a 20% continuing equity interest in the project. Rame has announced the expansion of its pipeline of wind projects in partnership with Santander from 118MW to 133MW and it plans to commence work on two sites from this pipeline with a combined size of 54MW during Q4 2015. Having acquired an UK-based solar energy specialist, Rame has now commenced its first significant solar project in Chile. It has also commenced its first off-grid wind project, and sold one of its smaller Chilean wind projects on a basis that could earn it up to $2 million in consideration and fees, while retaining an option to take a 20% equity stake in that site. While Rame's share trading performance has been disappointing since IPO, we remain confident of their business model and we hope to see significant progress over the next twelve months. While the Rame investment has not borne immediate positive results in stock market terms, we continue to regard investment in renewable energy to be a potentially fruitful area, though it needs to be approached selectively, particularly bearing in mind conditions in the local markets where the projects are situated. With regard to Chile, we took into account what we considered to be its relatively stable and growing economy, its structural energy deficit and its transparent and user-friendly renewable energy regime. http://www.investegate.co.uk/pires-investments--piri-/rns/final-results/201504301242288723L/
Plenty of news due, obviously the 15 MW turbines turning wind into cash is probably what we all think will be the first RNS ……. based on what WIND got per MW when they sold a farm Rames 15 MW should be worth around £36m which means even the 20% that they currently own is worth almost as much as the MC But there is other news due, a PPA agreement along with the Non recourse debt agreement for the Solar project announced in Dec could be close and the Santander buy in for the next phase of wind could drop at anytime and then new news could drop as well! just saying! Am I being a bit too rampy? ……. lol
https://www.youtube.com/watch?t=312&v=flwsoaMbRF4 ...... same vid as below, clearer heading, lol
No new view, I'm still going to give them until the end of the year (unless something disastrous comes before then) The whole world and his dog knows that if they can't grow customers and revenue then they are FUBAR I still believe brother! Time is on my side ..... touches wood, lol https://www.youtube.com/watch?t=312&v=flwsoaMbRF4
Raising the last lot of cash really was a struggle Focusing on earlier break even to fund growth internally ……. a novelty for an AIM listed company or is the market being short sighted?
Substantial cash generation from decent length contracts already in place! PPG is worth a look, today's RNS makes understanding what they are about much simpler ..... IMO
The 15 MW should be turning electricity into cash any time now.
And here it is ...... pretty thorough it is too http://www.stockopedia.com/content/rame-energy-ceo-interview-independent-power-producer-96429/
In the last 3 weeks the Directors have bought £250k worth of shares …… peanuts to some! wish I had that much cash that £250k was considered peanuts, lol
Took almost half the placing and yet more director buys
To me it’s very clear that it’s a change in percentage because of the increase in shares after the placing, they calculated their holding based on the new shares in issue (no. 13 of the RNS), hence the drop in percentage but not in the amount of shares, anyway I’m just repeating myself, if you are not sure then maybe you need to get in touch with them their number is at the bottom of the RNS There is no rise on the buying because the shares bought were new placing shares
It says they hold 1,691,667 shares and that didn’t change after the placing …… the RNS is just adjusting the percentage they now hold because of the increase in shares after the placing has dropped their percentage below 5% Basically they didn’t buy any shares in the placing and they haven’t sold any either
Henderson held 1,691,667 shares which was 5.97% of VENN before the placing ……. they now hold the same amount of shares but their percentage has slipped because there are now more shares in issue after the placing
Yep another ii taking a big position and Henderson didn’t take part in the placing but they do still hold the same amount of shares as before
I don’t know anything about them other than they wanted a big enough piece of VENN to get a seat on the BoD “As part of their placing participation of 5,263,157 Placing Shares (amounting to approximately £1 million at the Placing Price and representing 13.53 per cent. of the Enlarged Share Capital), Livingbridge VC LLP has been granted the right to appoint a director to the board of the Company for as long as it retains a minimum interest of 10 per cent. of the issued share capital of the Company.”
Directors took £150k of the placing/open offer
All posts have disappeared ...... which means I can start waffling anew, lol
First American sales
Starting to get a little traction http://www.investegate.co.uk/venn-life-sciences--venn-/rns/innovenn-expands-products-and-first-sales-in-us/201504020700172395J/