Member Info for Walkley

Other companies might have issued an RNS about this potential new business for the company. Hope it doesn't get lost in the results announcement due on 13 March

Well spotted, Wooly - looking forward to results.

Thanks for the link - article ends: "Thinking about the longer term, the group has 800 km2 of acreage under various onshore Petroleum Exploration and Development Licences (PEDLs). Alkane retains a 100 per cent interest in the majority of these PEDLs, which extend to all of the hydrocarbons recoverable from these licences. This would include any coal mine methane (CMM), natural gas, coal bed methane (CBM) and shale gas. The board is evaluating the options open to the group in relation to potential shale gas resources within its licensed portfolio. House broker reckon VSA Capital estimates the company’s sites in the North West, the East Midlands and Yorkshire could contain 1-2 tcf of gas within shale. Neither the shale nor Nooks Farm or the biogas projects will figure in the upcoming results. The company says, the results will be in line with market expectations. In the past year the shares have motored up from under 18p to over 28p. They have fallen back recently to 26p. VSA, which did have a target price of 30p, now says its forecasts and target price are currently under review. It maintains its BUY recommendation. All this sounds pretty positive for the share price."

Are they confusing Alkane Energy with Alkane Resources? Why would US fiscal negotiations hit an all UK profitable alternative energy company, which (fingers crossed) is about to announce its maiden dividend!

Seeing the red dot - I thought, at last someone with some news - should have known better!

From the Independent: "Alkane Energy, the Alternative Investment Market-listed power group best-known for its interests in Wales, the Midlands and the North of England, could be one beneficiary of the Government's announcement in December that it will allow fracking. The controversial technique may enable resources companies to get at the UK's substantial shale gas reserves. Alkane revealed on Friday that it has begun evaluating its shale gas assets, which could potentially give the group a substantial boost. Joe Stokeld, a mining analyst at Alkane's house broker VSA Capital, which maintains a buy recommendation on the stock, says the company's relatively substantial shale gas opportunities come on top of already solid output growth. "Alkane seems poised to benefit from any positive developments that take place in the UK shale gas sector, if it should choose to enter it," Mr Stokeld said."

In second para think it should be GWh, which is a bit sloppy, but otherwise very good results -lets hope for the dividend announcement in March

Trading Update Trading for the year ended 31 December 2012 has been very encouraging, with output increasing 19% year on year. For the period, the Group expects to deliver full year electricity output of circa 167GWh (2011: 140GWh). Group output has shown a 44% increase to circa 101MWh in H2 2012 compared with H2 2011. This increase reflects the contribution of the seven sites acquired following the successful acquisition of Greenpark Energy Limited which was completed on 26 April 2012. These sites are producing greater output than originally anticipated. Electricity pricing has shown greater stability over recent months with an expected average price of circa £52/MWh in the year to 31 December 2012 (2011: £51/MWh). As at 31 December 2012, approximately 68% of the Group's expected 2013 output is contracted at an average price of £54/MWh. In December 2012, Alkane was granted planning permission to extract natural gas at Nooks Farm, Staffordshire to generate electricity using the Group's core gas to power skills. Preparation for drilling has commenced and the drill programme is expected to be completed in spring 2013. The Nooks Farm site has estimated contingent resources of 1.5bcf of gas, which is expected to provide 2MW electricity output for up to 15 years. In 2012, Alkane received orders for new biogas plants worth circa £4.0 million and continues to work on a number of further biogas opportunities. Alkane has contracted 21MW of its Power Response capacity to the National Grid's UK Short Term Operating Reserve ("STOR") market up to March 2014. The Group has more than 800km2 of acreage under various onshore Petroleum Exploration and Development Licences ("PEDLs"). Alkane retains a 100% interest in the majority of these PEDLs, which extend to all of the hydrocarbons recoverable from these licences. This would include any coal mine methane ("CMM"), natural gas, coal bed methane ("CBM") and shale gas. The Board is evaluating the options open to the Group in relation to potential shale gas resources within its licensed portfolio. The Board expects that the results for the year ended 31 December 2012 will be in line with market expectations.

These results will the first under the new Chairman. Some of us are hopeful that he will encourage the board to start to pay a dividend.

good day - last deal at 29p +8%

Back of envelope stuff. Last year t/o was £9.5m with £5m in the first half. This year first half was £5.3m (including 9 weeks of Greenpark) and hit by maintenance and reorganisation. Surely t/o in the second half should be more than £7m - installed capacity now 70 MW (ly 41MW) based on 50% plant usage and c £50/MWh. Plus a fair chunk of the £5.8m agreed with Shell to sort out Nooks farm (Seven Star). Not sure what this means for profit and cash flow but £27m market cap looks very cheap to me.

Seems to be at least holding ahead of trading update. Though no great volume.

Lonrho owns 60% of Fast Jet - Fast Jet up 12% today. No movement here.

"Since the announcement of the Group's Interim Management Statement on 6 November 2012, Costain continues to perform well and consequently finished the year in line with the Board's expectations. As a result of new orders and contract extensions the Group finished the year with a high quality Order Book of £2.4 billion (2011: £2.5 billion) of which over 90% is repeat orders, providing good long-term visibility. In excess of £700 million of work has been secured for 2013 (2011: in excess of £650 million secured for 2012). In addition, Costain has a strong preferred bidder position of over £400 million. The Group finished the year with a strong cash position and no significant borrowings." and the way that they keep increasing the dividend (10p) helps.

Trading update due early February. Electricity prices stable at £52/MWh. How can it be other than positive?!!

sorry should say 5m shares sold

%m shares sold by Invesco at 36p and bought by someone at 36.07p. (shows as two sells which demonstrates the nonsense of the buying and selling stats. Lets hope someone is stake holding for a bid, though what is the vale of our non cash assets?

"As previously announced on 9th October 2012, the Board of HiWave Technologies plc (the "Company") has been engaged in a strategic review of the Company and its trading businesses. The Board has investigated a number of options as to how best to exploit the inherent value of its operating companies in the best interests of shareholders. As a result of the strategic review, these options have been focused down to two preferred approaches that are now being progressed in parallel: a) the sale of all the current trading businesses; and/or b) the sale of a part or parts of the current trading businesses and/or their assets; with a view to either the establishment of a plc "cash shell" and the building of a new trading entity based on a strategic acquisition or acquisitions, or a return of cash to shareholders." Had cash of about £2m, 6 months ago and burning at £1.5m pa. What is the technology worth?

Not sure who Soyuzneftegas Capital Limited are but they now own 7%!!

Over 50p