Clipper Windpower Share Discussion Threads

[gbb483] 06/1/2011 18:35

Cheques were supposed to go out before the end of the year, within 14 days of 15/12/10 which was over a week ago. Has anyone seen anything yet?

[lbo] 19/10/2010 00:17

It always come back to fundamentals!

[josels] 18/10/2010 21:43

insiders made a killing IMHO

[gbb483] 18/10/2010 16:06

Yup - now trading at 63.75 / 65.75 with 65p on the table. So unless you absolutely have to have the money now (so you can lose it on something else), then I guess most holders will wait for the 65p.

[avatar_neo] 18/10/2010 15:33

Looks like i missed the boat here. Damn it.

[gbb483] 03/10/2010 13:23

You won't have them for long.

The Group is exploring numerous alternatives to raise capital including private and public equity issuances and working capital credit lines with certain financial institutions as well as its largest shareholder, UTC. Discussions with UTC are ranging from providing credit support for a working capital line to equity purchases. During these discussions, UTC submitted to Clipper a non-binding indication of interest to acquire all of the ordinary shares of the Group not currently owned by UTC.

Then

United Technologies Corporation ("UTC") has recently submitted a new non-binding indication of interest to purchase the remaining issued shares at a significant premium to the September 23, 2010 market trading price (about 34p); discussions with UTC are ongoing and there is no assurance the parties will reach agreement on a transaction that can be recommended to shareholders.

[josels] 29/9/2010 23:07

this is in been bought

[josels] 21/9/2010 06:30

DO they have off-shore techonology?
if answer is yes, then it should be in Gamesa buying list
IMHO

[qipincha] 20/9/2010 20:09

cash burning

[shroder] 20/9/2010 10:28

Boy, did HSBC get this one wrong.

[nellie1973] 31/8/2010 17:36

Broker upgrade

[london calling] 11/8/2010 09:47

reamrkable what an article in the sunday times can do for the share price. for those that did not see it suggested that United Tech who bought in at £1.80 would not want to let this fail and could seek to buy out the rest....speculative but it may have triggered buying yesterday.

[analcime] 10/8/2010 14:01

Odd bounce from the free fall... wonder if a bid is forthcoming!

[gbb483] 18/6/2010 12:13

Because it's not going up.

(Or, put another way, because those that invested earlier aren't seeing loads of capital gain, they're getting out to try elsewhere).

[golla] 17/6/2010 15:23

Any idea why this keeps going down?

[gbb483] 26/4/2010 17:36

The sector's just been given a boost via Vesta.

[lpf] 21/4/2010 16:29

Aren't they effectively UTC's puppet, now? The only role for a minority shareholder here is to occasionally act as a cash machine for UTC

[golla] 21/4/2010 10:40

Time to buy?Views welcome.

[gbb483] 13/1/2010 10:22

Well they didn't get any of mine.

[masurenguy] 13/1/2010 07:53

RNS Number : 4531F
Clipper Windpower Plc
13 January 2010

UNITED TECHNOLOGIES CORPORATION

ANNOUNCEMENT OF RESULTS OF PARTIAL CASH OFFER FOR UP TO 21,804,559 SHARES
IN CLIPPER WINDPOWER PLC

On 10 December 2009, United Technologies Corporation ("UTC") made a partial cash offer to existing shareholders in Clipper Windpower Plc ("Clipper") to purchase up to 21,804,559 Shares (the "Target Number") in Clipper for £1.80 per Share (the "Partial Cash Offer"). The Partial Cash Offer was made in addition to UTC's subscription for 84,337,124 new Shares in Clipper (the "Subscription"). UTC and Clipper are pleased to announce that the Partial Cash Offer has been oversubscribed and that, as at 5.00am on 12 January 2010 (the time at which the Partial Cash Offer closed), UTC had received valid tenders under the terms of the Partial Cash Offer in respect of a total of 47,080,867 Shares.

Accordingly, the number of Shares which are acquired from each shareholder who has validly tendered Shares in the Partial Cash Offer will be scaled back pro rata with reference to the total number of Shares tendered, so as to ensure that the total number of Shares purchased by UTC pursuant to the terms of the Partial Cash Offer is the Target Number. As a result of rounding any fractions, UTC will acquire 21,804,550 Shares under the Partial Cash Offer.

In accordance with the terms of the Partial Cash Offer, consideration will be despatched to shareholders who have validly tendered Shares on or around 15 January 2010. Balance Share certificates in respect of retained shareholdings or unsuccessful partial tenders of Shares will be despatched to shareholders on or around 26 January 2010. The Shares acquired by UTC pursuant the Partial Cash Offer and the Subscription will represent approximately 49.5% of the issued share capital of Clipper.

In this announcement, "Shares" means ordinary shares of 10 pence each in Clipper Windpower Plc.

[lpf] 08/1/2010 12:43

E.On got Hastings

[ishwar] 08/1/2010 12:40

I am also surprised.. strange no news :-(

[wolterix] 08/1/2010 12:11

no news here today?

[ishwar] 31/12/2009 12:28

Thanks Cyberpost.. much appreciated..

[cyberpost] 31/12/2009 12:24

ishwar



WPD and Clipper join forces for Round 3 offshore bid

German wind power developer WPD has teamed up with US turbine maker Clipper to bid for a 1,350 megawatt (MW) project in the English Channel under the UK's third round of offshore leasing (Round 3).

If their joint tender is successful, the two firms will develop Round's 3's Hastings zone using Clipper's 10MW turbines, which are still under development. The Hastings zone, near the city of Brighton along the UK's southern coast, is the smallest Round 3 zone by surface area.

Achim Berge, WPD's managing director for offshore wind, says the consortium is a good fit because of its experience bringing wind farms to completion quickly.

"The UK government and the Crown Estate expect the bidders to develop offshore wind farms successfully in a short period of time," Berge says. "That is WPD's main competence, which we have proved in recent years."

Founded in 1996, Bremen-based WPD spent its early years focusing on its domestic market of Germany. It has since expanded into the international sphere, with wind projects now stretching from Taiwan to South America, as well as into solar power and biogas.

WPD currently has a project pipeline of around 8,000MW across Germany, Sweden, France, Finland and Italy, including offshore wind farms totalling 2,100MW. WPD is currently working to build Germany's first offshore wind farm, Baltic I, and says it views Round 3 as a perfect opportunity for jumping into the rapidly emerging UK market for offshore wind.

The Hastings zone would mark the first time Clipper's proposed 10MW turbines were put to use.

"Coupling wpd's offshore expertise with the world's largest offshore wind turbine, which offers both economies of scale and technological benefits, will help ensure a successful, long-term project, and provide the UK with an offshore generation showcase," says Clipper chief executive Doug Pertz.

The UK's Crown Estate has opened up nine offshore zones for tenders, which has led to the formation of a number of joint ventures and consortia.