Member Info for parkside13

The point is that the embedded generation of Infinis can probably support an 18p + dividend. If Camoron and his idiotic chums get in then Infinis will have to slash overhead. Go greencoat yields 5% and Infinis 9%. Both are wrong and both should be around 7% in my book.

Well 310 is a 5% yield and that is too low in context of the Tories stance on wind. I think pre election 230p odd is achievable. It was too expensive when it ipo'd.

The buys at 196 look ok and the first ones at 209 are twitching!!

Sorry I meant greencoat is far too low and Infinis far too high a yield.

Not being smart after the event but why wouldn't your broker accept an instruction!! Also if over 90% you get dragged along so you get bought out anyway!

It was sold too expensively at ipo. Doubts over landfill gas earnings sustainability. Tories saying no more onshore wind. Lower power price after the idiotic Tories capped carbon price leading to lower power prices. Etc etc etc. But more than in price now. Greencoat yields 5%. Infinis, a better company, yields 9%. Both are the wrong yield!!

Why would you sell after the ex date???! I've bought these as the "right" yield is sub 7% even allowing for the uncertainty and the deterioration of landfill revenues. So the right price for the equity is at least the issue price, that assuming a bit more wind online. Anyhow, the div will be prorated.

Managed to acquire quite a few more shares today under 200p. Brings my average price down to 204 and (hopefully) locks me into almost a 9% yield.

Hey bhaj. Do be honest I couldn't give a flying f about Mahan or anything else to do with that rotten, corrupt excuse for a country. Whilst I don't wish I'll on anyone I hope the brothers preposterous and their ****head advisors rot.

I accepted the offer a few minutes ago. The Bozos have, in truth, been very smart but it is really the London Stock Exchange that has failed, allowing 25% of a foreign Company to float without adequate protections for the minority investors. I have lost a lot of money but I don't necessarily apportion all the blame to the Bozos as I think I might have done the same thing in truth!! But we clearly have been let down by the LSE with its pathetic protections. Caveat emptor as they say in Mumbai!! By the way if they get to 90% they will no doubt invoke the mandatory buy in or dragalong of the remaining 10% so shareholders will get paid out that way.

Better!!

Yields almost double greencoat! And can still grow. The greencoat valuation is insane in a relative sense.

It is a steal. The earnings/EBITDA is based on operational assets that are primarily built under the Renewables Obligation or the RO. They are developing and building more assets and they have landfill but little or no solar. So the income upon which a 9% yield is based is primarily stuff that is built. If the (moronic) Tories do stop onshore wind then they have some offshore and will presumably slash costs in the wind development business. So earnings may actually rise in the short term although landfill gas will over time decline and the wind is supposed to offset that. So my guess is that a sustainable 5-7% yield is achievable even if landfill gas declines more rapidly. Of course the chances of the (moronic) Tories winning an outright majority are no more than 50/50 and if they don't win then Infinis is really very very cheap as a new coalition would have to support onshore wind. If the (moronic) Tories do win then Infinis provides a decent annuity income stream which as they build out the planned onshore wind and perhaps some offshore will actually grow a bit.

I fear I might have been a teeny bit early on this one!! Seems the world of renewables has no fans - whatsoever.

...is everything!! I genuinely think we are near the bottom. Just feels as though there is some interest at this level. That being said I don't think it'll go up much beyond say 220p until we get some project news and even then politics will dominate. But with a near 9% yield one is being paid to wait so to speak. I'd love to strap Ca moron, Osbourne and maybe Pickles to the blades of a V90 in a gale and see what happens.

No you will qualify for whatever they pay as they haven't gone ex of the payment and that wont happen until a few months after the results so again I would imagine maybe August or September or something like that. I know the Infinis team quite well and they are top notch so your capital is as safe with them as with anyone - caveated by Tory idiocy!! The irony is the price of Infinis versus Greencoat. Both are rather mispriced in my view! One is far too high, the other far too low. I'll let you decide which one is which!

They have committed, in their prospectus, to pay out £55m as a dividend and that this should, thereafter, be a progressive policy. Now hands owns 60% odd of this thing and is sitting on quite a big "loss" against the float price so that dividend stream is quite valuable. I think it will be paid that unless, in the face of announcements from the (idiotic) Tories they want to preserve capital - although no reason to. So they have a mkt cap of £613m or to put it another way around 297m shares in issue. That equates therefore to around 18.5p of dividend per share or a yield of around 9%. They say it'll be paid in respect of the results to March 2014 so I would imagine that it will be paid sometime later this year say august or September (but the timing is a guess on my part). And not sure if it'll be the full 18.5p as the Company hasn't been listed for a full year so it might be a pro-rated dividend. It might be buried in the prospectus somewhere. But I do think these are good value but caveat emptor as always.

I have just bought these. I think the landfill gas production is probably overegged but wind should be okay. They have a decent amount of wind to build and the chances of the Tories winning a majority are less than 50/50 the two other parties strongly supporting it. The £55m divi is comfortably covered by net cashflow and the shares yield almost 9%. So unless the (idiotic) Tories cut subsidies for operating assets (unthinkable) these shares are now fantastic value and obviously a great yield.

Well I sold 1/4 of my holding today. I took a hefty loss but mea culpa and as you say lesson learned!!

Well 75 will be about as acceptable as 70p to the minorities. So 75 won't do it. It'll either be a sensible offer else the brothers calamitous will pull out.