ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

REH Renew. Energy

0.875
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Renew. Energy LSE:REH London Ordinary Share GB00B063PD00 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.875 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.875 GBX

Renewable Energy (REH) Latest News

Real-Time news about Renew. Energy (London Stock Exchange): 0 recent articles

Renewable Energy (REH) Discussions and Chat

Renewable Energy Forums and Chat

Date Time Title Posts
30/5/201609:59Renewable Energy Holdings PLC REH2,474
09/9/201109:08ronan7 buys reh6
27/10/201007:42Renewable Energy holdings1,203
14/8/201000:00New Listing - Interesting Sector74

Add a New Thread

Renewable Energy (REH) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Renewable Energy (REH) Top Chat Posts

Top Posts
Posted at 30/5/2016 09:59 by supernumerary
Jog - sorry to hear that. I won't consider buying this type of share until I'm convinced they have a viable business model. Otherwise you're buying utility returns with an AIM risk profile. I see Flowgroup are suffering the same problem.

Meanwhile:



ASX Announcement

30 June 2016

UIL Limited Becomes Significant CWE Shareholder

Wave energy developer Carnegie Wave Energy Limited (ASX: CWE) is pleased to advise that global infrastructure investment company UIL Limited (formerly Utilico Limited) has acquired 100% of Renewable Energy Holdings PLC’s stake in CWE.

UIL Limited (formely Utilico investments Limited and Utilico Limited) has completed an acquisition of 101,330,192 shares in CWE from Renewable Energy Holdings PLC. The shares represent 5.07% of the total shares in CWE, making UIL the second largest shareholder in CWE. UIL has also agreed to a 12 month voluntary trading escrow, preventing sale of their shares for 12 months.

All documentation relating to the share acquisition has been completed and the share transfer has been processed today
Posted at 01/4/2016 12:47 by megafauna
What happens to CWEs shares now that REH is being liquidated?

Do they go to Utilico?

hxxp://renews.biz/102129/reh-to-be-liquidated/
Posted at 26/12/2015 01:41 by john of groats
megafauna,

Anent your post no. 2458, the reason for my original decision to invest in REH was its involvement in CETO. That involvement has diminished over the years as REH became more interested in wind than waves, ceased funding development of CETO, transferred ownership back to Carnegie in return for shares, sold some of those shares and then failed to partake in subsequent issues of shares by CWE.

I cannot see why Ottaviano would be willing to put effort or money into rescuing REH other than to make a deal to acquire their CWE shares. He would certainly not need to transfer permanently to the UK to negotiate that. Nor is that an urgent matter now Utilico has extended the loan. What puzzles me is why he needs to be so heavily involved with the UK project that he needs to be based there. Who is looking after CETO development in WA and projects elsewhere?

John
Posted at 24/12/2015 14:24 by hedgehog 100
24/12/2015 09:52 UKREG Renewable Energy Holdings plc Amendment of Loan and Loan Facility

"REH announces that on 22 December 2015 it agreed with Utilico to amend the maturity dates on its loan with Utilico Investments Limited ("Utilico"), originally dated 31 July 2009 and subsequently amended (the "2009 Loan"), and its loan facility with Utilico, originally entered into on 5 February 2014 and subsequently amended (the "Loan Facility") (together the "Outstanding Loans"). The maturity dates of the Outstanding Loans have been amended from 31 December 2015 to 31 March 2016 (the "Extension"). All other terms remain the same as previously announced. The amount drawn down at present from the Loan Facility of GBP4.25 million is GBP4.22 million and the 2009 Loan is fully drawn.

The purpose of the Extension is to allow time for the Company to lodge an application for a Judicial Review of the Secretary of State's decision, which disregarded the Planning Inspectorate's recommendation, and so refused consent to the Mynydd y Gwynt wind farm, as announced on 20 November 2015 (the "Rejection").

In parallel the directors of REH (the "Directors") are continuing discussions with Utilico, to determine whether the Company can and should remain trading in light of the Rejection. However the Directors believe that the Company is likely to commence insolvency proceedings in Q1 2016. The trading of the Company's shares on AIM remains suspended.

Utilico is interested in approximately 28.71 per cent of the issued share capital of REH and as such is considered a "Related Party" under the AIM Rules for Companies. The independent directors of the Company (Clive Callister and Alex Bush), having consulted with Strand Hanson Limited, consider the Amendments to be fair and reasonable insofar as shareholders are concerned.

Further announcements will be made in due course.

Enquiries:

Renewable Energy Holdings plc:
David Weir (Chairman)
Clive Callister (Chief Operating
Officer) +44 (0) 1624 641199

Strand Hanson Limited: +44 (0)20 7409 3494 "
Posted at 22/11/2015 23:54 by megafauna
This is my first posting on this forum. I live in Australia and have held CWE shares for five or so years. I am interested to know what REH holders are thinking about the suspension of REH following the rejection of the wind farm and how this will impact on their company as well as on CWE.

Also, I am would like some opinion of the very rushed relocation of CWE's CEO Michael Ottaviano to the UK. When I say rushed, up until a day or so before the recent capital city roadshow tour, he was down as the presenter. On the day I went to the Brisbane roadshow we were informed that he would be permanently based in the UK within a week.

It is hard not to think that the relocation and the suspension of REH are not some how connected.

The reason we were given for his relocation is to oversee the deployment of Ceto 6 in the UK. That may be so, but so far Ceto 6 is still in the planning stage, so why the big rush?

I don't know a lot about REH other than what I have gleaned from my involvement with CWE. From what I can tell they own about 6% of CWE's shares, making them the second biggest shareholder behind Mike Fitzpatrick's company. I am familiar with how he picked up a huge bundle of CWE shares from REH at a fire sale price.

Is something similar about to happen with REH's remaining 6%?

Does anyone think that the relocation of the CEO might in some way be a rescue mission in order to allow REH to keep their head above water until they can benefit from the commercialisation of Ceto 6?

I would appreciate your input.

Cheers MF
Posted at 02/11/2015 08:33 by visionon
That would be a very brave trade IMHO. Even if REH do get permission there is no grid connection in sight because the proposed one got thrown about by Amber Rudd when she turned down most of the mid-Wales Inquiry applications. Furthermore the existing subsidy support looks due to run-out before this scheme could be built. i.e. the conditions are very different to 2013 when the share price last spiked. So even if the scheme gets approved it might prove to be a hard sell. Also Poland has proved to be unsaleable for the time being and CWE have just announced a fund raise this morning at 4.2c, so their share price is going backwards again.
Posted at 01/11/2015 18:41 by hedgehog 100
I've revisited REH recently as a potential planning permission trade, in view of MAC's ten-bagging between the start of May and latter August this year (from about a penny to over 10p), before falling back:



26/08/2015 07:12 UKREG Marechale Capital PLC Northfield UK Solar Update
"Further to the Company's announcement on 21 August, the Directors of Marechale Capital are pleased to announce that Kettering Borough Council has granted planning permission for Northfield UK Solar Limited's ("Northfield") 49.9MW solar scheme at Desborough. The Company has a 26% equity shareholding in Northfield and this solar scheme. ..."


The long-awaited final planning permission decision on REH's 81-89.1MW Mynydd y Gwynt wind farm is due by the 20th of this month, and I believe that the likelihood of approval is very good:

"What happens next
20/11/2015 - Deadline for Secretary of State to make decision
The Planning Inspectorate issued a report of recommendation to the Secretary of State on 20 August 2015. The Secretary of State has 3 months in which to issue a decision. The decision letter and report of recommendation will be published on this page of the website"


REH's market cap. at its current share price of 0.975p is about two thirds of a million pounds, just a little more than MAC's cap. was at a penny.
Posted at 25/11/2014 15:35 by jojo_jo
It does (in part) guarantee the loan, but any extra value is of course attributable to REH and its shareholders. Utilico of course gain on both counts, so won't mind how high the CWE share price goes. It gets Utilico their money back and lifts the value of their shareholding.
At the same time it lifts the value of all shareholdings (us PIs).

It's very positive for shareholders.

Can't imagine how many 100s of percentage points this will jump on clearance of the Windfarm!
It's a very lucrative bet which is made increasingly safe by the rise in the CWE share price. Some (eg. Weiss) have seen this and quietly increased their holding in line with the CWE price rise.

Everyone has a chance to make a relatively safe bet on the Windfarm at a (currently) very low entry price. It should hit the radar when CWE makes a new 3 year high (imminently) and could go quickly higher as the application progresses.

Poland is in for nothing and its disposal would be a huge dollop of icing on an already tasty cake.

IMPO DYOR NAI
Jo
Posted at 29/9/2013 16:07 by john of groats
Ed,

You are confusing Voluntary Escrow with Escrow.

When assets are put in Escrow, it is usually so the owner can use them as security in some transaction with a second party. The assets are transferred to a third party so that the owner cannot get control of them until some mutually agreed conditions are met.

With Voluntary Escrow, the assets remain in control of the owner. In the case of REH's holding of CWE shares, there is an agreement between REH and CWE that REH will continue to hold them for the benefit of its own shareholders. This agreement arose out of REH's previous attempt to sell CWE shares, causing considerable uncertainty in the market, depressing the share price To end the uncertainty, CWE agreed to assist in finding a buyer provided that REH put the rest of the shares in Voluntary Escrow.

The agreement is between REH and CWE, not between REH and its shareholders who are merely incidental beneficiaries. As such, the terms can be changed at any time by mutual agreement of REH and CWE. Until then, ASX will not allow REH to transfer ownership of the shares. If CWE agreed to the sale of more shares from REH's holding, ASX would not block it. I can imagine circumstances where CWE would happily assent to the sale. Say an investor with a much more secure future than REH's wanted to acquire a considerable shareholding in CWE without having to pay a ridiculous premium and REH has failed to sell Kobylany and is desperate for cash. Under those circumstances it would be in the interests of both CWE and REH to agree a sale.

The only recourse for REH shareholders would be to call an Extraordinary General Meeting to vote down the sale. Almost certainly, the Board would resign and the shareholders would need to vote in a new Board. With REH being based in the Isle of Man, there may not be many prepared to take on that task.

I am not saying this will happen or is likely to happen, but pointing out that Voluntary Escrow does not stop it happening.

John
Posted at 04/9/2013 12:31 by visionon
Thiopia - 30p conversion share price you highlight is not far off what the REH share price was in summer 2009 and the loan dates from July 2010 (according to accounts) so not so far fetched. The loan would have taken some months to negotiate. Also it should be remembered that REH had about 3 times as many CWE shares back then, maybe more.
Renewable Energy share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com