Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
I'm itching to buy but am convinced it will drop further. I have a feeling blackrock is dumping more shares. it makes no sense for PI's to be selling at such a low price. The RNS for the change in holding is only accesbile via asx.com website. Not sure why london exchange isn't showing it. This is the first time a substantial holder has reduced its holding!!!
since issuing the RNS that detailed the contract with sinopec worth $10 million all the SP has done is drop. I didn't forsee we would be able to buy below 0.01p giving us a MCAP of £29million! More worrying is blackrock group has since sold some shares and reduced their holding from 9% to 8%. I see this amount reducing futher. Perhaps they are sick of waiting........
this stock certainly isn't for day traders :-) very low volume. Although we should expect a load of updates over the next 6 mnths. Don't imagine it will do much for the SP though. $10 million contract with Sinopec never touched it!! Looking forward to Wasabi selling some assets and clearing the debt that has to be re-paid by december. It seems to have settled at 0.01p and we have shifted the seller that was dumping £10k a time. Long term this is certainly a BUY still for me at these prices. Bored.com
there is no way Wasabi Energy will go out of business. Last RNS states they intend to sell approx US$9m of assets to re-pay loans. Also bear in mind that 80% of shares are held by institutional investors who have followed john from his mining days. This is not a lame duck at all. In fact its the most interesting share with the biggest potential currently on AIM. The size of market for the Kalina cycle is huge.
dummy trade shows SELL price is currently higher than BUY price :-) they must be after our shares!!
guys somebody contact / email muhammad and ask him for an update on the plant at DG Khan. He is the mechanical co-ordinator for the project of the erection of the Kalina cycle plant as his CV confirms. Unfortuntely i'm not a member of linked in. He may even be able to tell us move about future possibilities with FLsmidth http://pk.linkedin.com/pub/muhammad-raees/24/386/8
on the assumption (our target) that we will add 25MW BOO plants every year from 2014. this will leave a cumulative installed MW of 150MW in 2019 cost of producing power on a 10MW plant is US$0.01 per kilowatt hr market price of power is US$0.11 per kilowatt hr Profit of US$0.10 per kilowatt hr (not including cost of building plant) 25,000 kilowatts in 25MW Net profit of US$2500 per hour = $22million a yr. lets assume 10MW plant cost US$15 million to build 'oil barrel article' 20MW US$30 million etc In 2019 with 150MW installed, assuming market price for power remains at $0.11 kiliwatt per hr our revenue will be $15000 per hr = $131million a yr.
although a long term play for me. I just wonder if the half yr report @ end of Feb might drop the price even further and therefore a good time for a top up. People like to see revenue and cash flow but WAS isn't there yet. it normally means the financials are met with some sell off.
see you all at the 5p party in 2015. As for 2018 well i'm trying not to get too excited!! :-)
the SP will be driven down all down today. Don't know why. I've given trying to second guess it. There is no logic to the SP movement. I will top up late afternoon. WAS.AX down 11% last night.
this is a huge BUY for me. There is serious stake building @ 1.25p going on. Its been going on for days!!! I know i'm biased as I hold over 3mill of these babies.
There all buys - having done a number of dummy trades today I can confirm MM's are dropping the price to make the trades look like sells
Johns masterplan is coming together nicely. Perhaps not as originally planned but I love the way he's able to see and make use of opportunities. I do wish they would update their Internet site with all our new investments. For someone that leads a boring life and performs dummy trades throughout the day I can confirm that nearly all were buys today. But we all new that anyway right :-)
to elaborate on the previous mentioned asset of Lignol Energy - Wasabi Energy sold an 11% stake in ARW to Lignol(approx $4mill). To pay for this Lignol gave wasabi $500K in cash and 19million Lignol shares issued at $0.08 each, approx value of $1.52 mill. Lignol share price has since rose 56% to $0.125 ( a great return thus far) the outsanding balance owed to wasabi energy is accounted for by way of a 10-month secured debenture for $2.25mill convertible into Lignol common shares at $0.15 each. Should Lignol shares trade above $0.20 for 7 or more consecutive days then a forced conversion will take place. Assuming this conversion of the debenture takes place Wasabi will own approx 29% of Lignol Energy. 29% of Lignol Energy with a share price of $0.20 is approx $7million. Even with the sale of 11% of ARW to Lignol Energy, Wasabi will retain 21million shares in ARW which at todays share price gives a value of $231,000. Its now clear why stephen morris (exec director at was) left wasabi board to join Lignol Energy. John needs to protect his investment :-) The 10 month secured debenture for $2.25 million will be due in June 2013.
should see 10% increase tonight on asx platform to fall in-line with current SP of 1.40p on AIM. Happy moving forward this should gain momentum. Buy order for 750,000 shares @ $0.02. fingers crossed it gets filled.
investors may be looking at wasabi's net profit for their accounting periods and thus struggling to see any upside in the near future with a current MCAP of 42m. However Wasabi Energy is an investment company!! and our asset value has dramatically been increased since the increase in holdings on AAP Carbon and not to mention the new purchase of SSNE. Did we also purchase shares in Lignol Energy??Cash flow will remain low as Wasabi continues to invest. I believe the balance sheets / accounts issued in june 2013 will reflect what a transformational year 2012 was for wasabi energy. I'm looking forward to WNEA, AGG, potentially global goethermal and Imparator Enerji floating onto the markets sometime soon. We have completion of Khairpur cement plant in pakistan to look forward to. No doubt FLSmidth will ask for another kalina power plant at another cement site straight after completion. cashflow for wasabi energy will prevent to much BOO outside of china / asia but with the news of WNEA floating and raising its own captial this can only be great news for wasabi energy shareholders. remember think assets for now - profit from revenue will come
at this stage we couldn't ask for more than having an significant increase in volume of shares. 27m is significant for the AUX exchange. Something is brewing a i have a good feeling about it.
'and where there is also a 140 MW Wasabi Energy geothermal plant under construction' http://www.africanreview.com/energy-a-power/renewables/aap-carbon-granted-kalina-cycle-license-for-sub-saharan-africa qoute taken from last paragraph