Greenko Share Discussion Threads

[qs99] 29/7/2015 09:03

Boom again!!

[henryatkin] 29/7/2015 08:43

Financial Highlights:
• Operational capacity grew 45.6% to 715 MW (FY2014: 491 MW)
• Generation increased 46.0% to 1,565 GWh (FY2014: 1,072 GWh)
• Reported revenue increased 41.2% to $100.2 million (FY2014: $71.0 million)
• EBITDA increased 46.7% to $80.6 million (FY2014: $54.9 million)
• Profit after tax increased 31.0% to $15.9 million (FY2014: $12.2 million)
• Property, plant, equipment and intangibles grew 26.6% to $1,144.9 million (FY2014: $904.5 million)
• Newly formed Greenko Dutch BV raised 8% 5 year $550 million Bonds, to reduce the cost of debt
• New EIG loan of $125 million used to repay the Standard Chartered investment
• Earnings per share (EPS) for the period 6.10c (FY2014: 5.80c)

Operational Highlights:
• Completion of acquisition of 70 MW Lanco Budhil hydropower project in Himachal Pradesh, taking hydro operating capacity to 235 MW
• Completion of 154 MW of wind projects, taking the operating wind capacity to 402 MW
• 362 MW of wind and 188 MW hydro projects under construction
• Approximately 1,350 MW of new projects in active development stage

Commenting on the results, Anil Chalamalasetty, CEO and MD of Greenko, said:
"Our portfolio approach continues to deliver strong results and, during the nine month period to 31 December 2014, we have added 224 MW of operational capacity. Our ongoing initiatives to reduce our cost of debt, through our US$550 million Bond issue in August 2014, and the US$125 million loan from EIG in early October, significantly helps to improve our long term financial performance. As the Indian energy market becomes increasingly favourable towards hydro and wind power, especially with the Government’s recent announcement increasing its target for renewable generation to 175 GW by 2022, we remain very optimistic about the strong sustainability of our operational and financial performance. We are well on track to beat our milestone target of owning and operating 1 GW of generating capacity during 2015."

[phowdo] 27/7/2015 10:20

You winker!

:)

[dr_smith] 27/7/2015 10:06

I know - hence the wink from a cynic, ;-) :-)

[phowdo] 27/7/2015 09:54

I was referring to an intermediate high
On July 3rd it put in a "high" of 73p before falling back to 53p. Now its put in a trade above that 73p level so its classed as a higher high.

[dr_smith] 27/7/2015 09:50

..I'd say a higher low ;-), needs 240+ for a higher high.

[phowdo] 27/7/2015 09:06

Putting in a higher high :)

[liam1om] 23/7/2015 14:04

Yes, well it's in everyone's interest that they achieve the best deal.

I'm just hoping we can see a similar reaction to STY. Up 300% since their refinancing deal and still going strong.

[cestnous] 23/7/2015 13:54

Hopefully, the price action hints that it will be soon and good. :¬?

[liam1om] 23/7/2015 13:48

Anyday tolga1, anyday now.

[tolga1] 23/7/2015 13:35

Flying high again, happy happy
Anybody expecting an RNS?

[qs99] 22/7/2015 22:15

wow, some move up today...let's see what tomorrow shows...

[liam1om] 22/7/2015 11:18

Looking stronger today. The deal must be due any day now.

[hutch_pod] 20/7/2015 15:46

Agree. Waiting mode surely.

[liam1om] 20/7/2015 15:40

Yes, had a small top up today on that dip. Volume is low and has been for a few days now.

[davr0s] 20/7/2015 13:52

Volume isn't terribly high - so not unduly concerned re today's movement.....

[tolga1] 20/7/2015 13:17

In freefall, bad news at the door?

[hutch_pod] 19/7/2015 20:37

Well GKO is a growth company in terms of MW and profit, and can be in terms of EPS if the dilution is favourably sorted.

[divmad] 19/7/2015 19:23

Crikey, with that article you would think we are a growth company, rather than a basket case!

[nosnibord] 15/7/2015 18:08

Surprised the share price is still languishing where it is to be honest!

[cestnous] 15/7/2015 08:14

Cheers nb. A few facts at last.

[hounddog10] 15/7/2015 05:37

Thanks Nosnibord.

[nosnibord] 15/7/2015 04:18

Greenko to hit one giga watt generation by Aug-Sep

hxxp://m.thehindubusinessline.com/companies/greenko-to-hit-one-giga-watt-generation-by-augsept/article7422013.ece

July 14, 2015

Renewable energy company Greenko Group, which currently has operational assets of about 900 MW in the country, is set to cross the magical 1000 MW (one giga watt) capacity by August-September with the commissioning of couple of projects.

“The capacity by the end of the year is likely to go up to 1,100 MW if the new capacity addition is factored into from both wind and hydel power projects,” said Anil Kumar Chalamalasetty, CEO and Managing Director.

The CEO told BusinessLine that the company had completed the formation of a new structure for key operating assets under The Restricted Group. This enabled the company access US dollar borrowings facilities at lower rates than the Indian rupee borrowings. The Indian borrowings were repaid and this would benefit the company during 2015.

The projects under the Restricted Group represents the company’s key cash generating assets and also enable to set up more assets over the years. This Group enabled the company to secure $550 million.

The company has a number of new projects at advanced stage of construction and these are scheduled to be ready for the current wind season. Even some of the hydel projects are at advanced stage of implementation and expected to be operational during 2015 and 2016.

“The company expects to achieve a total installed capacity of 1104 MW of operating renewable assets in 2015. In addition, about 191 MW of hydel assets are under construction which are expected to be fully implemented by early 2016,” he explained.

The CEO said the Indian power generation balance remains extremely favourable for investors in new renewable projects and the company is well placed to build on these opportunities.

“With substantial portfolio of land rights and grid connections we are well placed to combine our wind portfolio with new solar projects alongside our existing assets either alone or in strategic partnership with industry or technology leaders,” he said.

[divmad] 08/7/2015 19:08

...and selling!