Member Info for PanamaPete

Some 4% dilution of shares but nearly half the convertible loan cleared. Is that a zero sum game or can we expect a 4% drop in the SP ?

Profitable when prices hit £100/MWh "Our power response assets are powered by bought in gas and therefore can only run profitably during periods of peak prices. We run all our power response gas powered capacity during winter evenings when pricing hits £100/MWh for our embedded generation sites." "Power response prices for peak running average circa £220/MWh including all of the benefits we receive for running during winter peak periods. STOR includes an availability payment for providing the capacity and a utilisation payment when we are called to generate. Average prices in the market are in the ranges nil to £3/MW for availability and £70/MWh to £150/ MWh for utilisation. We also receive the spot price for the power generated under a call."

Took the trouble to read through the 2014 annual report - http://www.alkane.co.uk/images/documents/Financial_Results/Alkane%20Energy-AR2014-Final%20Proof%205.pdf. ALK come across as a very professional and well run company with a clear strategy and good understanding of future risks and how to mitigate them. Unfortunate about the value of the 18% holding in EDR but that is well funded and looks to be ticking up a little. Only minor concern is the convertible loan which matures end of April. Equity was raised via a placing this year at 36p. 0.3p divi will be a £400k hit on the balance sheet but demonstrates this co has a real and growing revenue stream. All imho dyor

Share price currently at 27% discount to net assets of £44m.

Didn't realise there was so much of this underused resource in the UK. Just venting it into the atmosphere is such a waste of a reliable and continuous supply unlike wind and solar and also adding to greenhouse gas emissions. Now if only the UK government would recognise this as green energy as in Germany, that would be a real fillip to the value of CMM abstraction.

What's the advantage of holding this over ALK. With ALK you get an 18% exposure to EDR with a possible .3p divi expected.

23% - Horrendous.

Although relatively small, the recent £10k top up (NISA ?) by the CEO Neil O'Brien was a reasonable sign of confidence. Broker views are also positive with upside of 32p or more. Could this have been a tad oversold?