RE: Pending Sell10 Nov 2023 10:17
He jv's net profit will be pretty low in any case, even before dilution reduces earnings per share. Pyebridge, operating for more than a year, is earning less than half what LC predicted. And reports by a large well established group, UK Power Reserve, show the dire state of the industry, with its 42 sites generating 804 MW only making a £5m operating profit last year, on £36.7m revenue (meaning Mast's 10% share of its 50MW jv would be peanuts - not supporting even the current share price.)