Member Info for sharespy

Money Home Markets Saving & banking Investing Bills Cars Holidays Cards & loans Pensions Mortgages & home Experts Forums Login Find a Job M&S Wine Our Papers Feedback Sunday, Nov 04 2012 9AM 8°C 12PM 7°C 5-Day Forecast MIDAS SHARE TIPS: India's Mytrah Energy wind farms are well placed to turn steady profit By JOANNE HART PUBLISHED: 22:49, 3 November 2012 | UPDATED: 22:49, 3 November 2012 Comments (0) Share Mytrah Energy listed on the Alternative Investment Market on October 12, 2010 at 115p. At the time it had no assets. Today it is the second largest independent wind power company in India, with contracts in place to sell electricity for the next 20 years. Wind turbines may be controversial in Britain but India is sufficiently large that farms can be built without seriously damaging the beauty of the countryside. Mytrah is already making money and profits are expected to soar over the next few years. Yet the shares have fallen to 74½p. At this price they are a bargain. Wind of change: Turbines are less controversial in India than in the UK Mytrah was founded by two successful entrepreneurs, Ravi Kailas and Alastair Cade. Kailas has already built and sold two companies in India. Cade co-founded London stockbroker Daniel Stewart. A couple of years ago, the pair realised that the Indian renewable energy market presented a real growth opportunity. There was huge demand for energy, supply was limited and wind farms were far cheaper to build than in other parts of the world. More... MIDAS UPDATE: Water purification firm HaloSource we tipped rises 30% in 25 days Share tips & Fund tips MIDAS EXTRA: Sing up today In the months before listing, Mytrah secured a contract with India’s leading wind turbine maker and operator, Suzlon, which guaranteed to deliver 1,000 megawatts of electricity at a fixed price by 2017. At the time, India’s renewable energy market was in an unusual position. The government had been offering generous tax concessions to investors in the sector so by 2010, there were about 900 companies and individuals with stakes in wind farms and other renewable energy projects. Kailas and Cade predicted that the tax break would not last for ever, so companies such as Suzlon would be looking for alternative investors. This proved correct. Suzlon had become accustomed to building wind farms in the expectation of selling small stakes to wealthy individuals. Mytrah was offering to buy entire projects. The deal benefits both parties. Suzlon has more certainty about its future now the tax concession has been withdrawn. Mytrah has contracted to purchase farms on a so-called ‘turnkey’ basis by which it does not pay for the turbines until they are up and running. This is especially important in India, where building projects have a habit of taking longer than expected. So far, there have been only minor delays, but any future setback

only bluey in my portfolio today, things in general been rubbish for weeks. hope things start picking up soon. might actually break even soon here ;-)

i agree with what you say about mm games. They always try this trick when they know the share is shortly going to surge (on expected news) so they can collect loads of cheap shares to sell back a lot higher. They are currently doing the same thing on SRES (my main holding) as the company is waiting for three lots of news, all expected to be good. I can sell all my shares 405,000(£25k worth) which is unusual for a small company, normal market size not so long ago was 50,000 shares. They scare people into selling then sell them back when theyyve bumped it up 50% or more. Just sit tight and you will be rewarded imo. oldest trick in the book.

i bought 42, 694 shares at 7.05 :-)

thanks havent checked PLUS out yet, will look later. Paid 7.05p so think that was a good price ;-) Lot of trades showing as sells are prob buys imo. This is similar to SRES a few weeks ago IMO, wouldnt be surprised to see this fly soon enough. Lots of activities ongoing so newsflow should be regular.

Put £3k in here this morning but my trade isnt showing up yet! read all over the weekend about this company and it looks like its going to be big to me. Chairman Prof Richard conroy owns nearly 22% of the company so he has a vested ineterst to make this work. 1 million ounces Jorc Gold at Clontibret (and thats only after 20% of the area has been explored) and drilling so far at Clay lake indicates that resource could be even bigger! (all seven holes so far have found gold). not to metion their rapidly progressing assetts in finland. its all good imo

breakout! finally this sp is approaching something more like its potential. wish id topped up now at 145p but didnt have the funds at the time. keep going kah!

well ive been in this share since 50p and i dont remember ever seeing lists of miniscule buys like this. all im saying is it looks suspicious.

well you obviously dont know that much about how the markets work considering every share youve bought goes down, as per quoted by yourself previously.

do you have any idea what all the little buys mean? some kind of mm signal?

this share is being manipulated, despite recent more buys than sells sp goes down. also the silly little buys of 47 or so shares. looks like somethings happening.

i agree with you, l dont get the punters who are selling at this price, dont they realise this has a long way to go yet? ive been in since 50p and holding for bigger gains than this. if i had any more funds id be buying a shed load more of KAH. i dont think you can lose.

well it is the obvious option as the coal isnt going to last forever and now we have to buy most of it in it isnt even economical anymore. Lets face it this country isnt ever going to be able to rely on solar energy!

the british government has given the go ahead for the development of nuclear power station. They expect by 2050 that Britains power will be 55% nuclear. Despite obvious opposition Uranium is the future.

ext rns revealing start of high grade new zone.looking good