Share Name Share Symbol Market Type Share ISIN Share Description
Alkane Energy LSE:ALK London Ordinary Share GB0003286613 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 35.75p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 16.0 3.2 2.6 14.0 60.53

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Alkane Energy (ALK) Discussions and Chat

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Date Time Title Posts
22/2/201620:09Alkane Thread With Charts7,385.00
18/9/201406:28Alkane Energy Bid Target?7.00
14/8/201416:06BUY in Alkane Energy (ALK).-
19/3/200913:07Alkane Energy - SHARES = 10p, CASH = 14.5P, NTAV = 33P80.00
22/5/200812:07cheap gas from manureb and waste products.1.00

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DateSubject
17/9/2015
09:34
roddyb: Sadly, I think the truth is that we have higher hopes but Balfour just had to pay for the state of the company today with a positive outlook for tomorrow and as our share price languished for the past 18 months their timing was clever. If the price in the future was in our minds headed to 40p or 50p, by paying 36p now they have agreed that is fair with our board. I am holding out but I am assuming a counter-bid would have to appear over the next week otherwise this is all over.
16/9/2015
10:15
woolybanana: Could some kmind soul please help clear up what may be an understanding in my addled old mind? I was under the impression that the share price of an AIM takeover had to be at the highest share price over the last 12 months. Or is this just me being in lala land again?
30/4/2015
21:57
rivaldo: Good to see EDR's share price climbing nicely. And this article highlights ALK as one of 3 stocks "set to fly".... Http ://www.fool.co.uk/investing/2015/04/30/3-solid-small-caps-set-to-fly-tasty-plc-bioventix-plc-and-alkane-energy-plc/ "Drivers from here could be: • Further growth from acquisitions; • Organic efficiency gains; • Firming electricity-selling prices; • A recovering oil price lifting Alkane’s Egdon Resources investment; • Egdon Resources adds value to the shale licences on Alkane’s operating areas; • Better forward uptake of Alkane’s power-response offering."
19/3/2015
08:43
investopia: It's not a straightforward value case here, that's for sure, APAD. My starting point is that the share price is right (I always assume that first with any firm, these days). Prior to ALK's move up to 50p or so, buying the lows usually delivered a successful investment outcome. However, if I recall correctly the value case was clearer then thanks to lower debt. We need a discount to net asset value to allow for the rapid depletion rates, I reckon. So, share price upside depends on growth or speculation, arguably. It feels trickier now than before...
15/2/2015
14:26
lageraemia: 2 things happened: 1) UK Fracking has dissappeared off the radar 2) Oil prices have fallen. This has severely affected the Share price of EGDON (EDR) of which ALK holds a large slice in exchange for the fracking rights on it's PEDL licences. However, the fall in oil prices has not been mirrored by a fall in electricity prices which is of course the core business for ALK. ALK is still well profitable, doesn't have much debt and has forward sold a lot of it's capacity for next year at decent prices. ALK also pays a dividend which is more than covered. this is a no-brainer for a recovery in my book!
21/1/2015
09:14
rivaldo: VSA Capital this morning still expect a PBT of £5.5m for 2015 based on the output already sold - this equates to around 3.75p EPS.... They have a 49p target price: "Alkane Energy (ALK LN)# Alkane Energy (ALK), the UK gas-to-power producer, has released a pre-close trading update for the period ended 31 December 2014. • Electricity output (CMM and Power Response) was c200GWh, +4.2% YoY (2013: 192GWh), VSA FY estimate was 230GWh. • Average electricity sales price was £52/MWh, -1.9% YoY (2013: £53/MWh), VSA FY estimate was £53/MWh. • As of 31 December 2014, 82% of 2015 output contracted at an average price of £52/MWh (As of 31 December 2013, 59% of 2014 output at £53/MWh) • FY 2014 results will be published 11 March 2015. Board expects revenue to be c£18m (-14% on our forecast of £20.9m) and an adjusted PBT of £3.25-£3.5m (-16.7%-22.6% on our forecast of £4.2m) VSA Comment Headline financial figures are certain to deliver share price weakness today. From an H1 adjusted PBT of £0.5m, there was little room for error in H2 if FY forecasts were to be hit. A late start for the upgraded capacity at Wheldale and Shirebrook combined with a mild winter, which reduced the number of STOR calls (-56% YoY), impacted results significantly. However, ALK made significant progress in 2014 in its power response business through acquisitions (10MW Wheldale, 49MW Carron Energy) and developing its organic pipeline, supported by the award of Capacity Mechanism agreements concerning the development of 46MW of new generation capacity to be completed by winter 2018. In CMM, ALK will drill two CMM licence sites in 2015 (Stoke, Markham Main) and the company has also applied for a number of new CMM licences as part of the 14th Onshore Licensing Round. The current weak electricity prices is predominately an issue for ALK’s coal mine methane base load output, although it does also impact STOR/winter peak-load pricing. However, ALK has locked in a much higher proportion of this year’s output than it did last year and even has 30% of its 2016 output sold at £51/MWh. In power response, the related fall in gas prices has helped to preserve margins. Average 2015 electricity price is currently c£43/MWh (having been in the 50s for most of 2014) with 2016 pricing currently c£45/MWh, demonstrating the advantages of ALK’s forward pricing strategy and also highlights that fact that 2016 provides the most near-term risk, not 2015. For 2015, we would expect a significant jump in output as Maltby (down for maintenance for three months in FY 2014) and other acquired assets make a FY impact (VSA est: 230GWh). Given the level of output already forward sold, we expect an adjusted PBT of £5.5m for FY 2015. We retain our BUY recommendation but, having made certain adjustments to our model (including reducing average selling prices in future years and marking to market ALK’s EDR stake), we have adjusted our target price to 49p."
20/8/2014
06:41
rivaldo: The entire IC tip from 2 weeks ago was posted on i.i.i (save the last line!), so here it is: "If you followed our advice this time last year to buy shares in independent power producer Alkane Energy (ALK) and sold six months later - when we said take profits - after shale gas speculation disproportionately boosted the share price, you would have banked a quick 29 per cent profit before dealing charges. We've been waiting for another buying opportunity and it has arrived. Alkane's shares have drifted below the level where we last tipped them and again offer excellent value, rated at just nine times next year's forecast earnings compared with 19 times at their peak. Technical analysis suggests they are oversold, too - the 14-day relative strength indicator has plunged to a three-year low. This technical set-up often produces a sharp bounce from a support level. More importantly, the fundamentals of Alkane's power-generating business remain strong. The company continues to enjoy steady annual growth at its base load operations, where power is generated 24/7 by extracting methane gas from abandoned coal mines and converting it into electricity using onsite generators. It sells the electricity to National Grid (NG.) at a healthy mark-up. Alkane had 18 coal-mine methane (CMM) sites operating in the UK at the start of 2014, with an installed capacity totalling 45 megawatts (MW). It plans to bring two more sites on-line this year. However, Alkane's relatively new power-response operation is the fastest growing part of the group. Here, Alkane buys gas wholesale and turns it into electricity during times of peak demand when prices are highest. Installed capacity was 36MW in December 2013, but this has risen to 92MW following two attractively-priced acquisitions this year, including the £12m purchase in July of three power-response companies with a combined generating capacity of 49MW. The shift into power response makes sense because the UK's energy mix is becoming more varied and complex, with increasing dependence on energy from intermittent renewable sources such as wind farms. The ability of power response to fire up quickly during peak evening and winter demand means that it is becoming increasingly important to the UK grid. Moreover, the UK's power regulator, Ofgem, predicts spare generating capacity could fall as low as 2 per cent by 2016 as old power plants are shut down. Ofgem has repeatedly warned of a looming energy crunch and a heightened risk of power shortages or cuts over the coming years. Granted, power prices have actually been weak this year following the warm winter and the plummeting price of coal. But Alkane has already contracted to sell 74 per cent of its 2014 base load output and 50 per cent of the 2015 load at the same price as last year or slightly higher. The new acquisitions will also take several months to bed in, denting profitability. Combine that with the dilutive effects of an £8m share placing, and EPS are forecast to fall slightly this year before soaring nearly 40 per cent in 2015 (see table). Share-tip summary Sure, the dividend is only nominal, but Alkane is growing fast and its shares offer a cheap, low-risk way to play the likely rise in UK wholesale power prices over the coming years. There's also free long-term upside"
01/8/2014
08:13
lageraemia: Here's the first paragraph of the IC article: If you followed our advice this time last year to buy shares in independent power producer Alkane Energy (ALK) and sold six months later - when we said take profits - after shale gas speculation disproportionately boosted the share price, you would have banked a quick 29 per cent profit before dealing charges. We've been waiting for another buying opportunity and it has arrived. Alkane's shares have drifted below the level where we last tipped them and again offer excellent value, rated at just nine times next year's forecast earnings compared with 19 times at their peak. Technical analysis suggests they are oversold, too - the 14-day relative strength indicator has plunged to a three-year low. This technical set-up often produces a sharp bounce from a support level. More importantly, the fundamentals of Alkane's power-generating business remain strong. The company continues to enjoy steady annual growth at its base load operations, where power is generated 24/7 by extracting methane gas from abandoned coal mines and converting it into electricity using onsite generators. It sells the electricity to National Grid (NG.) at a healthy mark-up. Alkane had 18 coal-mine methane (CMM) sites operating in the UK at the start of 2014, with an installed capacity totalling 45 megawatts (MW). It plans to bring two more sites on-line this year. However, Alkane's relatively new power-response operation is the fastest growing part of the group. Here, Alkane buys gas wholesale and turns it into electricity during times of peak demand when prices are highest. Installed capacity was 36MW in December 2013, but this has risen to 92MW following two attractively-priced acquisitions this year, including the £12m purchase in July of three power-response companies with a combined generating capacity of 49MW.
26/3/2014
16:57
leoboy: bit of a resume via OilBarrel whilst we wait : Poweralternatives: Independent Gas-To-Power Producer Alkane Energy Enjoys A Stellar Year In 2013 With The Share Price 77.3 Per Cent 26 Mar 2014 by Stewart Dalby Just because it was the company's broker VSA Capital that said it, it does not mean that it is not true. Fast growing, independent coal mine methane (CMM)- to- gas and power as well as power response company Alkane Energy did have a stellar year last year. By VSA's reckoning in the 12 months ending December 31 2013 revenue and PBT came in ahead of its own estimates (£20.6 million and £3.4m vs £19m and £3.3m respectively). Output was 15 per cent to the good at 192 GWh, installed generating capacity increased to 83 MW from 70 MW in 2012, revenue was 40 per cent better and adjusted PBT 17 per cent up. As a result, the share price at one point was 77 per cent up at 51 pence against a low of 28p, although some of the increase could have been due to expectations about ALK's shale gas acreage. The shares are back to 42p per cent now, but that is still a 62 per cent rise in the 52 week period. Yes, all- in-all a stellar year. There was a sort of exceptional item in that a diversification into design build and operate (DBO), which includes anaerobic digestion plants, had a particularly good period. ALK's other broker Liberum estimates that of the £20.6 million revenue, over £6 million came from DBO. Alkane expects that contribution to be more like £4m going forward. But leaving aside DBO, Alkane's performance was powered by three factors. First, organic growth and expansion by acquisition in CMM. Second, firm power prices in the UK, where Alkane exclusively operates and third good prices in auctions for short term operating reserve (STOR). This means power response. Gas companies can earn money by participating in the UK fuel reserve programme in that they provide short term operating reserve to the National Grid when, say, wind plants do not work and can get paid by being on standby for the rest of the year. Alkane now devotes 36 MW of its capacity to power response activities. In 2013 Alk derived £3.1 of its revenue from power response, more than double what it made in 2012. Post the period end the company acquired the 7.5 MW Whedale site for £1.5m. This will raise Alkane's overall capacity to 90 MW and will help the company realise its target of 50 MW of power for STOR by 2015. In terms of UK prices, these held up at £53/MWh for most of the year, which historically speaking is quite firm. In its core methane gas-to-power business Alkane added two new sites of its own, but output was boosted by the acquisition of the 11MW Maltby and a contribution here exceeded expectations as integration went faster than expected. Going forward there should be a further contribution from Maltby. There has been some concern about prices which have fallen by £4 /MWh recently because it has been a windy winter and wind power has been available. However Alkane has hedged around 59 per cent of its expected output at £53/ MWh. And, of course, there is the shale potential. The group has 800km 2 over 13 Petroleum and Development licences. Alkane has 100 per cent in these licences which cover a lot of hydrocarbon options including natural gas, CMM, coal bed Methane (CBM) as well as shale. But 50 per cent of the acreage is in what is known as the Bowland Shale in the north of England. It is thought to be one of the most highly prospective shale areas in the UK. Alkane is currently assessing a report which says there is potential for prospective shale gas volumes on its acreage. The company is considering a number of options with regards to this potential including undertaking further work on the licences, farm outs and partial or full divestment of its interests.Liberum has set a target price of 44p without anything in for the shale. VSA's TP is 48p and again without anything in for the shale.
18/7/2013
06:53
corrientes: Now the government is really pushing for shale gas, the financial press will no doubt be highlighting its benefits to the UK, and also the companies likely to do well out of this. Shale could soon become a hot investment sector,so is it feasable for ALK to put its shale licenses into a separate investment vehicle ? In that case,the ALK share price could rise significantly.
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