Apr Energy Share Discussion Threads

[effortless cool] 06/3/2015 07:24

Tomkin,

Looking back to the announcement you refer to, it only mentioned possible future breaches of banking covenants, which was serious enough in itself.

This latest announcement advises that there will be write-offs or receivables and assets. Beyond making it clear that these will be material, it does not make any attempt to quantify these.

The was not implied by the prior announcement, and the certainty of material write-downs, plus the uncertainty as to their extent and quantum, is going to make this a very difficult day for holders.

What is implied by this announcement, however, is that breaches of financial covenants are now certain and that the future of this company is now in the hands of its bankers.

[effortless cool] 06/3/2015 07:11

We'll see - I expect this to fall over 20% today.

[tomkin] 06/3/2015 07:09

new is implied by previous announcement

[effortless cool] 06/3/2015 07:07

wisteria2,
I suspect that a small rise is not on the cards today ....

[tomkin] 06/3/2015 06:37

good volume yesterday marked by two or three larger transactions driving the rise, this is not being fuelled by a few PIs taking a punt

[tomkin] 06/3/2015 06:29

a modest rise to 500p would be appreciated :-)

[wisteria2] 05/3/2015 18:04

Tomkin, will we get another small rise tomorrow!! or just up 50p!!!! gla holders..

[tomkin] 05/3/2015 17:24

just a small rise today then :-)

[rugby] 05/3/2015 10:59

this all makes Rugby very happy,Still room on the bus for more on the rocket to £5.30 reverse head and shoulders.

[tomkin] 05/3/2015 10:08

onwards and upwards... another good day

[tomkin] 05/3/2015 07:51

should get back to the 575-600p range

[rugby] 05/3/2015 07:43

The recovery here is going to plan, will continue to ride this biatch back to £5.30

[tomkin] 05/3/2015 07:38

should be another good day

"APR Energy extends 75MW of power generation in Argentina

APR Energy, the global leader in large scale, fast-track power solutions, announces today that it has agreed to extend 75MW of power generation projects in Argentina. Two of the projects, representing 50MW, have extended through late 2016, while a third, representing 25MW will continue through late 2017."

[younasm] 01/3/2015 19:15

Well done. I chose to stay out and missed out on some good news.Still these can easily rise/fall 10% in a day.

[liam1om] 28/2/2015 12:02

You are not alone Tomkin :-)I've been here since 170. What a ride.

[tomkin] 28/2/2015 10:51

still strong at 350p (closed above)

poised for 400p - easily

nice to be alone with this :-)

[tomkin] 27/2/2015 07:33

to fill the gap above the crucible it needs 575

[tomkin] 27/2/2015 07:26

One of the market's best kept secrets at the moment :-)

[bulltradept] 23/2/2015 07:31

APR Energy PLC

23 February 2015

23 February 2015

APR Energy plc

Discussions with Banking Syndicate

APR Energy plc (LSE: APR), (the "Group"), a global leader in fast-track power solutions, today confirms that, in connection with the previously announced expiration of its Libya project and its resulting demobilisation of power generating assets from that project, the Group may not meet certain financial covenants associated with its bank facility on future testing dates.

Although currently in compliance with its financial covenants, the Group has advised its banking syndicate that it may not be able to satisfy certain financial covenants going forward (which, if it occurred, could lead to removal or reduction of its financing arrangements) and is pursuing an amendment to its credit facility that would provide the desired relief in advance of when required to ensure continued compliance. The amendment process is proceeding and the Group is engaged in positive discussions with its banking syndicate.

The Group reconfirms its full-year net debt guidance of $550-570 million, as announced on 23 December 2014. The Group expects to continue to generate strong positive cash flow from operations and will actively manage fleet capital expenditure, ensuring solid liquidity and a robust cash position

[younasm] 17/2/2015 20:52

Too risky until full year results come out in March.

[cricket] 13/2/2015 12:20

still looking very good, sellers taken out again and moving north.
Buy side starting to strengthen again.

[thatfella] 12/2/2015 18:18

Yep... first buy at 167.. topped up a few more times...looking to add again above 310ish

[cricket] 12/2/2015 17:40

Very bullish end of day holding above 3 quid resistance , this looks all set to continue the U in the morning.
Happy to hold this, turning out to be a real flyer.

[tomkin] 12/2/2015 13:13

is all there is in circulation apparently

[tomkin] 12/2/2015 12:46

some odd stuff going on here, methinks some news must be on the way