Active Energy Share Discussion Threads

[simon templar qc] 04/10/2015 21:08

From what I can recall Buckland used to make the sparks on gas oven then moved into the technology for reduction of electricity usage and changed its name to Cinpart.

They later entered the Biomass market.

Is that right?

[cottoner] 04/10/2015 21:07

ST - Googling Cinpart indicates that is correct , Cinpart was
previously Buckland. (changed in 2007)

Hope you're not going to ask what Buckland was previously called? :-)

[simon templar qc] 04/10/2015 21:00

Didn't Cinpart used to be named Buckland?

[cottoner] 04/10/2015 20:50

For info,

Active Energy was previously called Cinpart.

Changed name in 2010.

Cinpart is pleased to announce that at the Annual General Meeting, held earlier today, all resolutions were duly passed, including the bonus issue of shares equating to 1 new Ordinary Share for every 20 Ordinary Shares (the "Bonus Shares") held at the close of business on 30 July 2010 ("the Bonus Issue") and the special resolution to change the Company's name.

Trading under the new name, Active Energy Group plc, is expected to commence on 2 August 2010, with the new mnemonic, 'AEG'. In accordance with AIM Rule 26, details of the Company will shortly be available on the Company's new website: www.active-energy-group.com.


However , a completely new company , under new management.

[simon templar qc] 04/10/2015 20:29

Hi !

Interesting.

Mixed thoughts Beeks but its on my monitor while I watch developments.

Strangely enough I didn't pop in as I saw your name I popped in due to news on the company.

Was this the old BUC (Buckland) as I held BUC for a year or so.

[canalet3] 04/10/2015 19:28

I keep a close eye on this board, and also on the good comments and news` finds` on LSE

[garth] 02/10/2015 22:17

Bees, I read it differently. Sounds like they are going for one conversion plant first. RS comment seemed to either be directed at ensuring that all potential partners remained possibilities - or at removing concern from Eggborough that AEG were claiming to already have their contract concluded when it wasn't quite yet.

G.

[salpara111] 02/10/2015 13:54

Just picked up on this one as a result of the article in the Times today.
Might have a small punt here on the basis of Eggborough. If that comes off it could be the start of something much bigger.

[cottoner] 02/10/2015 06:05

Article in today's Times

Biomass switch to rescue power station

Talks are under way to rescue one of Britain’s biggest power stations by converting it from a coal-fired to a biomass station using new, cheap technology.
Hundreds of jobs would be saved at the plant at Eggborough in North Yorkshire, which generates 4 per cent of Britain’s electricity.
Eggborough’s owner, Energetický a Prumyslový Holding, of the Czech Republic, said last month that the plant would close next March with the loss of 240 jobs because of high carbon taxes and EU emissions regulations.
The announcement came as National Grid warned that Britain’s spare capacity during peak periods this winter could be nearly zero, raising fears of power disruptions.
Active Energy, a British biomass company, which claims it can convert the plant cheaply to burn biomass materials including woodchips or agricultural waste rather than coal, said it was in talks with EPH about a rescue deal.
“The biomass conversion costs for Eggborough with our technology would almost be nil, provided the plant has been maintained in good operating condition,” said Richard Spinks, chief executive of Active Energy.
The AIM-listed company claims to have developed a new type of biomass fuel pellet that burns as efficiently and cleanly as coal. It can be used in coal-fired stations with minimal conversion costs, says Active Energy, which has secured a patent to process and manufacture the fuel.
Biomass power plants are not subject to the same taxes and regulations as coal plants.
Drax, Britain’s biggest power station, is spending £700 million converting to full biomass firing to remain in service.
Eggborough’s owners declined to comment on the discussions about a biomass conversion. The company has blamed its forthcoming closure on falling power prices, high taxes and uncertainty around subsidies and permits. Other coal plants are also due to shut in the coming months. They include Longannet in Fife, Scotland’s biggest power station, and Ferrybridge in North Yorkshire.
Talks to save Eggborough come as British wholesale power prices have hit their lowest level in six years, despite worries about a tightening of supply this winter. The prices have continued to fall in the past three months, reaching their lowest quarterly average since 2010 at £42.86 per MWh, according to research from ICIS Heron.
Zoe Double, at ICIS, said Britain faced a “very tight supply margin” this winter, although power blackouts were unlikely because of back-up measures.
About nine billion tonnes of coal are currently burnt globally for power generation every year.

[bwana4] 01/10/2015 22:12

Footrot355.
I love your moniker. You seem to have a good sense of humour as well.
Good for you.
Yes I agree with your statement re Eggborough.
I think the tail was wagging the dog at DRAX.
Try the BB at AFPO. You don't have to catch a bus to find some strange posters.
ATB.

[pieinsky] 01/10/2015 16:56

Drats, should have gone to ???????????????

[footrot355] 01/10/2015 11:46

Bwana4

The happy clappy club on REM think the sun shines out of the Gatwick Gushers A...
and constantly feed one another every little reference to Lithium. While I am not a fan of DL he does appear somewhat of a catalyst, it is a case of the tail wagging the dog.

This is great news about Eggborough I wonder what the people at Drax are thinking?

Sorry about the REM thing I can only put this down as a senior moment.

[bwana4] 30/9/2015 20:17

Cottoner.
A very good informative post. Not much intrest in this BB. Much better on LSE.
Why?
ATB.

[cottoner] 29/9/2015 23:58

‘Plug and play’ biomass technology could save power station
29 September 2015 By Jack Loughran

The owners of Eggborough Power Station have entered talks with a biomass firm to consider converting the plant to avoid its impending closure.
In early September it was announced that the north Yorkshire plant would close from March 2016 resulting in 240 job losses.

The owners said that a permanent shutdown was the only financially viable option because it would take £200m of additional funding over the next three years to keep the plant generating.

The project’s cancellation would mean a loss of around three quarters of a billion pounds of investment and 1,960 MegaWatts of generating capacity, which equates to 4 per cent of Britain's electricity.

However, biomass firm Active Energy Group (AEG) has been in conversation with Eggborough about extending the life of the plant through a cheap conversion solution that would also prevent the job losses.

AEG has signed a joint venture deal with US firm Biomass Energy Enhancements (BEE) to use their technology which is able to process biomass into a fuel that can be burned at traditional power stations.

Eggborough chief executive Neil O'Hara recently ruled out a costly Drax-style biomass conversion after being turned down for a government grant by Chancellor George Osborne.

AEG has said that their CoalSwitch product allows for the conversion at an insignificant cost to the owners.

The company’s chief Richard Spinks said the new technology allows coal plants to ‘plug and play’ without the traditional associated costs.

“Conversion costs are virtually nil and generally only required if the plant’s condition is dilapidated,” he said.

“Using AEG's CoalSwitch technology is dramatically cheaper than what Drax had to do. BEE's sustainable biomass product has handling and burning characteristics very similar to coal, so can be used as a direct easy to drop in replacement.”

Since biomass is deemed to be a "carbon neutral fuel”, it will reduce the power plant’s carbon footprint proportionately to the amount of biomass burned in lieu of coal.

This means that using a 20 per cent mix of the new fuel will directly reduce the carbon footprint of the plant by 20 per cent, allowing it to hit the EU’s 2020 carbon reduction target.

It is understood that the talks are ongoing and that an announcement should be made about the future of the plant by the middle of October.

[bwana4] 23/9/2015 17:37

Garth very true statement but the market never values the share at its true value.Some times it is over valued or under. I could give you a list of companies that are under valued big time at the moment,AMC is one,it has a noose around the share price by Lansted (ESA agreement)it comes to an end at the end of this month. STGR,CPX etc, etc.I hold all these and a lot more.
AMC is my largest holding and I have held it for over 5 years. Not the same amount, I had over 1 Million of them.Took profits at 40P/36P.Still hold 600K @ an average of 10.22P.

Apologies for O/T but a true fact,AIMHO.
I invest and don't expect jam tomorrow.
I will top up on AEG if and when I feel comfertable with the share price. I hold over 80k of AEG.I have plenty of dry powder, profit from AMC trades.
No advice intended.
Always DYOR.
ATB to all.

[garth] 23/9/2015 10:19

Bwana,

Really believe that they are undervalued and that the last Metis JV release signalled a significant reduction of execution risk related to that deal. On that basis we should be looking at a higher price than we are right now. These are already my largest holding but I had intended to add further at 5p - missed the opportunity with the latest announcement. If the market continue to undervalue them I might have another bite having just realised some profits elsewhere.

G.

[bwana4] 23/9/2015 10:13

8P? Not yet. This share is not a jam tomorrow share. Yes it will be 8P and above after Xmas. Patience,patience required.
I keep topping up on the dips.
AIMHO.
ATB.

[garth] 17/9/2015 22:39

8p tomorrow by midmorning?

[love it] 17/9/2015 16:06

You can not buy online Fill kill only EMS 100k.

This should very interesting tomorrow

[love it] 17/9/2015 15:59

told ya. This massive