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16 May 2014 INFINIS ENERGY PLC (Symbol:INFI) Notice of Preliminary Results and Financial Calendar Update Infinis Energy plc ("Infinis" or the "Company") advises that the date of its Preliminary Results will be 19 June 2014 and provides a financial calendar update for the remainder of the year. A presentation and conference call to discuss the Preliminary Results update with investors and analysts will be held on 19 June 2014. Details of this will be included in the announcement and will be available on the Company's website. 19 June 2014 Preliminary results 30 July 2014 Ex-dividend date You can then sell the shares at any point after the market opens on the ex-dividend date and still receive the dividend payment
I agree, this is a steel, I bought 7500 shares for 20 k when these were at 268 and looked like they were going all the way to 310. As I'm used to seeing the price go up and down i didn't panic sell, ( my mistake !! ) Consequently I'm now sitting on around 16 k worth of shares so for what its worth anyone getting in now is buying in for peanuts !!.
Does anyone have any any insight into why Infinis shares have been steadily going down, albeit slowly. There doesn't appear to be an adverse news. Company profits are reasonable, Dividend payouts will be very reasonable when they are going to be paid. Since Barclays rating of 3.10 overweight and the prices reaching 2.70 they just seemed to fall with no reason as far as I can tell !! Is it market confidence, Anyone ?? Cheers
Infinis Energy plc wins European Onshore Wind Deal of the Year for refinancing of its 274MW operational wind portfolio. Infinis has been announced as the winner of Project Finance magazine’s European Onshore Wind Deal of the Year for the successful £330m refinancing and consolidation of a portfolio of 16 onshore wind sites in the UK. The deal, which closed in October 2013, comprised a single new senior debt facility of £296m and ancillary facilities of £33.5m. Proceeds were used to refinance 10 existing project finance facilities markedly reducing the complexity of the business structure and the interest expense. The structure of the deal also released cash resources trapped within the previous debt facilities, granting the company additional balance sheet flexibility. The financing was completed five weeks before Infinis’ successful IPO on the London Stock Exchange. With its solid pipeline of future wind farm development, Infinis will take the experience of this deal forward as it looks to finance projects in the future. Eric Machiels, CEO commented: “We are really pleased that Project Finance Magazine has recognised the quality of the refinancing deal we concluded in October. It is a testament to the maturity of the onshore wind sector, the confidence which lenders have in Infinis and the dependability of our future revenues. As a newly listed company we will look to build on this deal and use it as a blueprint for future financings.” NOTES TO EDITORS About Infinis The Infinis group is the UK's leading independent generator of renewable power [1]. It employs approximately 365 people and operates 147 power plants with an aggregate generating capacity of 621MW [2], comprising:  121 landfill gas sites (330MW)  16 onshore wind farms (274MW)  10 hydro sites (17MW) Infinis is the largest generator of electricity from landfill gas in the UK, with a market share of about 40% [1], and is one of the leading owners and operators of onshore wind farms in the UK. Infinis has an attractive pipeline of development opportunities which are at various stages of consent and planning.
INFINIS ENERGY PLC (Symbol:INFI) Inclusion in the FTSE Midcap 250 index Infinis Energy plc, the UK’s leading independent renewable power generator, is pleased to announce that the FTSE Group yesterday approved the inclusion of Infinis Energy plc as a constituent of the FTSE 250 index. This change will be implemented at the close of business on Friday, 21 March 2014 and take effect from the start of trading on Monday, 24 March 2014. On 20 November 2013, Infinis Energy plc was admitted to the premium listing segment of the Official List of the UK Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange.
For the current financial year ending 31 March 2014, Infinis intends to declare a dividend equivalent to an annual dividend of £55 million adjusted on a pro rata basis for the period from Admission to 31 March 2014. For FY15, the first full financial year after Admission, Infinis intends to declare a dividend to Shareholders of £55 million (representing approximately 18.3 pence per Ordinary Share). Thereafter, Infinis intends to pay dividends twice yearly in July and November, with the approximate proportion of one-third and two-thirds, respectively, of the dividend for the relevant year. 10
This doesn't make sense, Beaufort have stated Infinis is a strong buy with a target of £3.00. The Company profits are good with a 7% dividend. Although Gov has reduced support for onshore wind in 2015 but this shouldn't massively affect Infinis ( read Beaforts review) so why is this falling now ?? Does anybody have a clue?