Member Info for KaChing

Didn't miss that SFU ...... we have already mentioned it, that's why the short term £300k loan doesn't bother me, it will get paid back out of funds from Santander buying their stake

Near term earnings from selling an 80% stake in the 4 projects that add up to 118 MW as well as potentially better CAPEX due to them maybe using bigger turbines if the wind readings from 100m above ground level return positive results "if positive, a move to financing and construction under the Agreement which will provide substantial near term earnings for the Company with Santander buying into each project at a fixed price per MW under the Terms." http://www.investegate.co.uk/rame-energy-plc--rame-/rns/placing-to-advance-wind-farms--chile/201408280700301737Q/

Yeah, it was Charlotte who replied yesterday, I'll give her until Thursday before emailing again.

No, not yet.

The last trade is mine, I saw that someone got in late yesterday not that I take much notice of the trades these days (pointless). News could come at anytime (the ultimate ramp phrase there, lol), so better to have a holding and then as normal reassess as the news comes along.

http://www.rapidtvnews.com/2014120236284/mirada-powers-movistar-go-in-peru.html?utm_content=buffer94ece&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer#axzz3KjfiWD5o

The erection and commissioning of the first 15 MW project is due end of this year (if still on track) which should hopefully give the SP a nice nudge. Any positive news with regards the Santander DD on the 118 MW projects could also give the SP a nudge and it should also see some short term cash from the sale of 80% equity for the new projects Decided it was better to be in now whilst keeping some powder dry for any retrace in the SP as it is illiquid at the moment

The flip side to huge selling! ...... huge buying!

No need to be careful …… a 60%+ revenue increase and smaller year over year loss would probably be looked at very unfavourably if the MC was £47m+ and would see a sell off again. With a MC of less than £10m a 60%+ increase to around the £8m mark might just be looked upon favourably. Yes it’s all about the MRR for me and you …… but the market is a funny beast and it can move up and down on news that some of us scratch our heads at!

F/Y revenue estimated to be around £8.5 to £8.8m ........ can they achieve a revenue jump year on year of 60%+? Who knows? but if they do then the good old market might just look favourably on that growth rate and move the MC higher!

If only I had the power, lol It seems as though I’ve been watching this forever …… still a way to go so maybe it might drift some more as boredom keeps its stranglehold, who knows? “Partial operations at Karanja project will commence within 12 months and the total construction is scheduled for completion within two years.” http://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/maharashtra-cm-devendra-fadnavis-puts-port-projects-on-fast-track/articleshow/45336195.cms http://www.business-standard.com/article/politics/maharashtra-cm-fast-tracks-two-port-projects-114120100278_1.html

Yeah, If everything is going to plan they should be erecting and commissioning the 5 turbines any time now.

Foundation stone http://www.investegate.co.uk/skil-ports-logistics/rns/project-ceremony/201412011223174792Y/

It does look good here, I'm expecting the info I requested from Rame tomorrow when they are back in the office. I'm expecting it to more or less confirm what can already be found on the Web.

The acquisition of the Solar company Beco looks a good one and reasonably cheap at £150k in shares and a £100k inter company loan. It should add to the revenue line in H2 from the order book at the time of the acquisition. It has already seen a potential new market open up in Pakistan with the signing of an MOU and the first small roof top project in Chile.

A few ballpark figures for the cost of the next 118 MW projects based on the first 15 MW project Rame will probably be expecting to sell an 80% stake to Santander presuming DD is sorted at around the MW price it achieved for the first 15 MW’s ……. that being the case Rame should receive around $6m in total for the 80% stake Total cost to Rame to fund their 20% stake would be around $15m of which $6m would have come from selling the 80% stake, so Rame would need to find around $9m for their stake. Presumably Rame would only need to fund the projects in staged so wouldn’t necessarily need to raise all the funds in one go and it seems the Rame equity funding for the next 9 MW at Punta Chrome (P Chrome is part of the 118 MW total) should already be in place as it was part of the use of the placing cash raised on listing. The above is my opinion only, sheep need to do their own grazing before getting slaughtered!

A few ballpark figures for the cost of the next 118 MW projects based on the first 15 MW project Rame will probably be expecting to sell an 80% stake to Santander presuming DD is sorted at around the MW price it achieved for the first 15 MW’s ……. that being the case Rame should receive around $6m in total for the 80% stake Total cost to Rame to fund their 20% stake would be around $15m of which $6m would have come from selling the 80% stake, so Rame would need to find around $9m for their stake. Presumably Rame would only need to fund the projects in staged so wouldn’t necessarily need to raise all the funds in one go and it seems the Rame equity funding for the next 9 MW at Punta Chrome (P Chrome is part of the 118 MW total) should already be in place as it was part of the use of the placing cash raised on listing.

Lets see if I’m understanding the Chilean wind part of the company correctly Rame in a nutshell owns the rights to build and sell electricity from wind farms in various parts of Chile (subject to the necessary paper work). The preferred method of funding for these projects is to sell approx 80% of the equity in each wind farm to a player with the finance and know how behind them and at the moment the player is Santander. Santander look to secure approx 75% of the funding required through bank debt, the remaining 25% is provided by Santander and Rame. Once the wind farm is up and running Rame have the option to buy back the 80% equity stake from Santander at a pre agreed formula. As an example the 15 MW project goes something like this ……. I think! Santander paid Rame $772k to acquire an 80% interest in the 15 MW project ($51,467 a MW), the total cost of the 15 MW project seems to be about $38m, which is comprised of $27.6m of debt at 6% interest over a 16 year term with the balance of $10.4m made up by the equity partners (Santander & Rame), Rames 20% should be costing about $2m. The CEO states that once the 15 MW goes on line they expect to achieve $1.5m to $1.75m of free cash for the project, which would be about a 15% return per annum for the partners. There are no figures for for the formula with regards how much Rame would have to pay per MW to buy back Santanders 80% equity stake. Rame would look to fund any buy back by offering Institutional Investors the chance to stump up the cash for shares in Rame in the knowledge that they will be getting a decent return on the stake from electricity that is already being sold. That seems to be how it works! Am I warm or cold?

I’ll post on here first, as no doubt the posts will get lost on the general bb by one line nonsense! I’m trying to get my head around the figures for cost of projects and income from projects, I’ll post what I think and hopefully I will get some feedback. Santander paid Rame $772k to acquired an 80% interest in the 15 MW project ($51,467 a MW), the total cost of the 15 MW project seems to be about $38m, which is comprised of $27.6m of debt at 6% interest over a 16 year term with the balance of $10.4m made up by the equity partners (Santander & Rame), Rames 20% should be costing about $2m. The CEO states that once the 15 MW goes on line they expect to achieve $1.5m to $1.75m of free cash for the project, which would be about a 15% return for the partners. There are no figures for for the formula with regards how much Rame would have to pay per MW to buy back Santanders 80% equity stake.

“Paying” should have been “Costing” as 6% is the interest cost per annum on the debt funding for the 15 MW project expected to go on line at the end of this year.