Clipper Windpower Share Discussion Threads

[mickconn11] 17/8/2007 13:03

On the move again.

Down about 3% today.

Technically it could get tentative support at 550.

Fundamentally :(

[madmix] 03/8/2007 08:52

Seems to be finding some support here, so have now closed my short. I think these could fall further, but rather than being greedy, I'll settle for 135 points in three days.

Good luck all.

[madmix] 02/8/2007 15:23

Digital Look shows them as putting out a buy rec, but message 342 above would seem to contradict that somewhat!

[madmix] 02/8/2007 15:21

According to Selftrade, NAV is around £1 per share. Not sure I'd always trust their figures though, so probably worth a look at the balance sheet. I don't think NAV is particularly useful though, this is rated as a growth share rather than a value share, and despite being bearish here, I can't see it falling as low a £1 !

[motoben] 02/8/2007 15:19

just seen that citi put out a buy rec yesterday at 681p. that was good timing after downgrading it last year to hold when it was 494p

[motoben] 02/8/2007 15:13

i wonder at what level people will start to buy back in again, my guess would be about £5, those institutions must be hurting now and may be forced to sell some and people on margin.
bp still has the option to aquire a large chunk of the company and at those lower levels could think more about it as they like green energy a lot at the moment.
anyone know what the nav is for this one as they own a lot of leases for farms and projects?

[madmix] 02/8/2007 15:06

Digital Look have a consensus forecast of 18.6p to the end of 2008, which would put them on a forward PE of 34 at 632p. This is still very racy IMHO for a company putting out disappointing newsflow of late.

I think something closer to a forward PE of 25 is more than enough, suggesting around 465p as a more sensible rating (not that I would buy them at that level).

Will keep my short running for the forseeable future.

[mickconn11] 02/8/2007 14:43

Neither do I.

[scburbs] 02/8/2007 14:15

Still worth nearly £700m? I don't think so.

[mickconn11] 02/8/2007 10:17

Chart says keep selling.

645-650 as I write and there was no attempt to hold it at the 200 day MA.

[scburbs] 01/8/2007 09:56

Added to my short position first thing. Fall to £5 on the cards?

[typo56] 01/8/2007 07:00

Citigroup has downgraded Clipper Windpower PLC to 'sell' from 'buy' with a cut in target price to 625 pence from 1,080 pence after its disappointing trading update yesterday, market sources said. In a note published this morning, Citigroup said that the Clipper Windpower trading statement was disappointing with unit manufacturing guidance declining to 181 from 250.

The broker added that it now expects a loss for Clipper Windpower in 2007 and has cut its 2008 and 2009 earnings per share forecasts by 16 pct and 36 pct, respectively.

Hmm, I wonder if they'll even hit those 181. Their track record for hitting numbers isn't good.

[sensei10] 31/7/2007 20:52

I should have shorted this growler. They can't even make a profit and loot at that valuation! I posted earlier a fall to 600p. In fact I think it will go lower

[motoben] 31/7/2007 08:33

if they are struggling to make any profit on all these projects and are having trouble getting supplies, they will need to really pull it together for next year as they have orders for almost double the amount of turbines.
i doubted they could ramp it all up this quickly so sold a while ago, glad i did, missed the top my a way but was suprised the big buyers would have continued to buy up to£9

[madmix] 31/7/2007 08:27

Went short again first thing myself. Should have left it running rather than closing out a month ago!

[hursheel] 31/7/2007 08:20

well done cr on your short

[scburbs] 31/7/2007 08:03

"Interim results are expected to reflect a net loss due to initial production and procurement inefficiencies and legacy sales pricing. Clipper expects to
recognize non-recurring charges in interim results totaling approximately $25
million, including loss provisions for the company's turn-key construction
project sale (40 turbines) and one other construction-related sale contract (20
turbines). Future turbine sales will typically not include construction-related
sale contracts of this nature. Clipper expects to recognize revenue on the sale
of eight turbines in the first half of 2007 with revenue from the Endeavor
project expected to be recognized in the second half of the year."

[mickconn11] 30/7/2007 15:47

We're now at the level that CM sold.

Just added to shorts at 800 in the cash.

[typo56] 10/7/2007 10:44

Thank you scburbs. I had a feeling I'd read it somewhere but couldn't find it when I searched. Should have looked in the Annual Report. D'oh!

If he's no longer a director, why was it necessary to make the holdings announcement? Because he's still regarded as a connected person through his consulting role?

[scburbs] 10/7/2007 10:03

"It is with great appreciation for his contribution to Clipper's development that I indicate that Colin Moynihan will be standing down as a Director at this
year's Annual Meeting. Colin has worked with me for over ten years and has been
instrumental to our successful IPO and the negotiations with BP Alternative
Energy. We wish him every success in his new appointment as Executive Chairman
of Ocean Power Delivery. Colin will continue his relationship with Clipper in a consulting role."

[typo56] 10/7/2007 08:58

Since when has Colin Moynihan been an "ex" executive director? He was described as an executive director in the holdings RNS of 11 April, announcing his sale of 400,000 shares at 650p.

Is he still a director and Chairman, Clipper Windpower Europe? If so, wouldn't it have been normal to state that position in today's holdings RNS? If not, why hasn't there been a change of director RNS?

[mickconn11] 10/7/2007 08:08

CM selling. Explains that large block that went through last week.