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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Helius Eng | HEGY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.25 | 4.25 |
| Top Posts |
|---|
Posted at 23/1/2016 12:26 by mjcrockett I have today received a cheque (at 5.106p per share) from BDO being the liquidation payment for just part of my holding in HEGY. The cheque is made payable to Rock (Nominees) Limited and crossed A/C Payee - I don't know who Rock are but it certainly ain't me. Nothing is simple! |
Posted at 14/1/2015 08:25 by tomboyb Good luck -TIDMHEGY RNS Number : 0905C Helius Energy Plc 14 January 2015 14(th) January 2015 Helius Energy plc ("Helius" or the "Company") Update & change of registered office Further to the RNS announcing the strategic review on 16(th) September 2014 and the RNS announcing the restructuring and cost-reduction programme on the 4(th) November 2014, the Company provides the following update on progress. CoRDe project The CoRDe project continues to perform well and is operating in line with expectations. During the period October to December 2014 the plant exported 14,301 MWh of electricity and processed 133,000 tonnes of distillery residues. The Company originally invested c.GBP7.85m in the project on financial close in April 2011 and continues to hold its 50% plus one share stake. The plant's strong operational performance since the start of the financial year is expected to lead to total project revenues for the three month period to December 2014 of c.GBP3.65m, EBITDA of c.GBP1.61m and profit before tax of c.GBP0.41m. The outlook for project revenues is robust, with c.30% per cent derived from fixed gate fees, c.34% per cent from sale of ROCs and c.20% per cent from sale of electricity (with a large proportion of this supported by a floor price in the Power Purchase Agreement). The balance of income is derived from other revenue streams, including the sale of syrup into the animal feed market and fees from the operation of the Effluent Treatment Plant. Avonmouth project The Company continues to endeavour to secure funding for its Avonmouth project and is in early discussions with a new potential funder. No material third party cost commitments will be made to the project unless and until there is a clear pathway to funding. The Company expects to be in a position to provide a further update in respect of the funding of the project before the end of March 2015. Corporate update The Company's cost reduction programme has so far resulted in annualised savings in excess of GBP1m as a result of, amongst other things, the surrender of the head office lease, details of which are in the relevant section below, a reduction in staff numbers and a reduction in other overheads. Revised operating costs (excluding any project specific costs) are expected to be c.GBP0.84m per annum, before annual income from management service agreements of c.GBP0.22m. The Board continues to review opportunities to further reduce costs and will work with CoRDe in respect of the timing of the first cash dividend to be paid by the CoRDe project to its shareholders, including the Company. While continuing to focus on the performance of the CoRDe project and to seek an investor or acquirer for the Avononmouth project, the Board is also considering other options to secure value for shareholders. These options include the potential sale of all or part of its interest in the CoRDe project, for which it would target a valuation substantially in excess of that which it invested prior to construction. The Board will also continue to consider other opportunities for maximising value for shareholders and is accordingly undertaking a careful evaluation of the Company's business plan, operational assets, development strategy, market valuation and capital structure. It remains the case that, in the event the Company is unable to secure financing for the Avonmouth Project, generate value from CoRDe or its other assets, or to secure a dividend from CoRDe by March 2015, it is likely that the Company will need to raise additional financing. Change of registered office As part of the Company's ongoing cost reduction programme, undertaken pursuant to its strategic review announced on 16 September 2014, the Company has agreed to surrender the lease of its head office at 242 Marylebone Road, London. As a result, with effect from 14(th) January 2015, the Company's registered office will be: Europarc Innovation Centre Innovation way Grimsby DN37 9TT John Seed, Executive Chairman commented "We have made good progress with the cost reduction programme announced in November, have delivered robust performance from the CoRDe plant during the period October to December 2014, and continue to work towards finalising funding and commencing construction of our Avonmouth project. However, there can be no assurance that the Company's efforts will be successful or that this process will result in any transaction or change in status. The Company is therefore carefully evaluating its options to ensure that it maximises shareholder value. The Helius CoRDe plant's successful operation and the on-going efforts to secure funding for the Avonmouth Project will be unaffected by this review process." For more information please contact: Helius Energy plc Tel: +44 (0) 20 7723 6272 John M. Seed, Executive Chairman William J. Ingram Hill, Chief Operating Officer Alan Lyons, Chief Financial Officer Numis Securities Ltd Tel: +44 (0) 20 7260 1000 Jamie Lillywhite (as Nominated Adviser) James Black (as Corporate Broker) Citigate Drewe Rogerson Tel: +44 (0) 20 7282 2867 Chris Gardner Malcolm Robertson This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 14/1/2015 08:24 by tomboyb HEGY -Could sell one of its assets for over 4p a share V 1.5p mid - Risk is they cannot - |
Posted at 06/11/2013 11:49 by smythy4 Time to cut & run with Hegy until New Year?! Big news coming on FML? Ex CEO predicts 8 fold (yes 8 fold!) increase in market cap by end of 2014. Sp has been battered...news & AGM due v v soon.Be quick! |
Posted at 22/10/2013 12:21 by spaceparallax Great spot OT - as you say that makes it pretty nailed on. Hallelujah, sense and common good prevails over NIMBYism.Astonishing that HEGY haven't issued an RNS - unless your article offers them leverage to improve the terms of their financing, which might require a day or so to resolve. Whenever it comes, we should see the share price quickly return to the early to mid teens. |
Posted at 12/9/2013 16:46 by spaceparallax A reminder of the interim highlights:-Rothes since handed over and operational. · Contracts being finalised for the construction, fuel supply and electricity offtake for the Avonmouth project · Club of potential lenders engaged in due diligence for Avonmouth project level senior debt · Heads of terms agreed for Avonmouth project equity · Consenting process for Southampton project in progress Subsequently, when announcing the Rothes handover, HEGY confirmed anticipated finalisation of Avonmth financing by end FY Sep 13. We haven't heard anything since to contradict that and so I'm expecting the RNS anytime in the next fortnight and will look forward to a TS confirming that EPS 09/13 is on target. When positive news follows on Southampton, which is more likely than not as the NIMBYs are rolled over, the share price will be set for a significant upward correction. |
Posted at 04/6/2011 06:33 by julcester I think that either there is a big seller, or an impending placing. Or RWE are not going to continue with the development of Stallingborough (due to the conversion of Tilsbury from coal to biomass), meaning HEGY won't get their cash. However, the asset value of Avonmouth and Rothes far outstrips the Mcap here. |
Posted at 20/4/2011 15:31 by julcester I believe that RWE have actually chosen to convert Tilbury to save them building a new biomass plant, they have said so in an article with Bloomberg on the 9th. I have asked the company for clarification on this. In a worse case scenario, HEGY will earn £100k a quarter from RWE for the delayed building work. So I guess those payments would be on-running. £400k a year isn't a bad return. That would commence in September. "There are great benefits in turning from coal to biomass from an environmental point of view," Dan Meredith, a Swindon, England-based spokesman for RWE, said yesterday by telephone. Testing the ability to convert the coal-power station at Tilbury completely to biomass "allows us to put the investment in without committing to a new plant." |
Posted at 17/4/2011 12:19 by julcester At present, large-scale biomass with CHP is set to drop from 2 Rocs per megawatt-hour to 1.5 Rocs in 2013. So Hegy will probably get 1.5 ROCs for their electricity. The cost of a ROC at the moment is about £50. So at those prices, HEGY would get £37.50 an hour for their 50%. |
Posted at 28/2/2011 16:01 by julcester RWE bought Stallingborough off HEGY after HEGY matured the asset to consent. Hegy got Got £23m plus a 13% royalty on all future revenue from the project. This royalty was renegotiated for an £8m fee, to be paid as soon as the first supply contracts on the project had been signed.For every Q that the first supply contract is not signed, RWE pay HEGY £100,000. Should RWE fail to sign first supply contract within a defined period of time, the contract returns to the 13% royalty on all future revenue. |
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