We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| 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 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 17/9/2014 16:25 by pugugly Looks like the end of the road - Statigic investor pulls out - Sorry for all still holdingQUESTION. Was it the product or Management ????? |
Posted at 02/9/2014 06:27 by old thumper After all the previous delays on Avonmouth hopefully this is the last!However this update does give some meat on it, ie numbers on the project fee's due to be collected. But the one thing I noticed and maybe the biggest earner was about Rothes, "On this basis, the Board believes that CoRDe is a high quality project, which would be attractive to investors and could command a valuation in excess of that attributed at financial close." Are we thinking of selling our holding for hard cash? |
Posted at 08/10/2013 10:28 by rajaster HELIUM ENERGY, Invest if you want a squeeky voice. Ive been in this before and do not hold now but note larger investors were buying at 15p, i'm not sure what will move this and interest the wider community as what they offer is unique and I'd hope would interest larger utility orgs investment and help to develop more of these projects. |
Posted at 19/6/2013 10:06 by old thumper I'd like to agree with you but we're talking about the Banks, bonuses, salaries, payday loans, dealing losses, high interest mortages............Although with our Board and the big investors with contacts everyhere, I'd be amazed they didn't get the loans somehow. |
Posted at 25/4/2013 04:45 by old thumper "("The Drax conversion will be the first project of many to be enabled by this radical, innovative new approach. I would strongly encourage any other investor who thinks a guarantee may help them to talk to the Treasury - the door is open."In total, the government has identified about £40bn of projects that could qualify for the guarantees, the bulk of which are understood to be in the energy and transport sectors.)" Let's hope Helius is in this list! |
Posted at 18/2/2013 09:05 by old thumper Stallingborough is a puzzle, in Sep12 RWE and Helius reverted to the orginal contract and I think that's why they had to write it off in the accounts, and yet RWE applied for planning permission last year but as to what thats means is not known. So I think Helius don't know what RWE are up to, and me.The banks have mucked around for ages hence the need for cash but the good news the talks are still in progress with the banks and equity investors. Southampton is still progressing. And I see there's mention of new plants. So to sum up, Stallingborough don't know?? Avonmouth should be settled (funding wise) 2013 H1 - touch wood. Southampton is still in progress Rothes is soon due to raise cash for us And other sites have been earmarked. Slow but sure'ish. |
Posted at 14/2/2013 10:12 by old thumper No news, that's the problem.Results are due this month but more importantly we need news on the Avonmouth funding, Southampton planning and need cash from going live in Rothes. I believe in the management and the big investors, so we can only hope for good news. The current share price is covered by Rothes income IMHO. We're in the hands of the banks and the government - Oh dear! |
Posted at 21/9/2012 15:12 by old thumper fidra,"Anyone got a handle on the value going forward for this company once it is up and running in Rothes,and Avonmouth gets underway?" Somewhere between 50p-75p once Avonmouth is funded, the key is that once they have raised the capital the markets will become interested in Helius. So far it's mainly brought by loyal shareholders stated in the Scotsman's article; people likely to stay in for the long term and they account for circa 50% of the shares already so as of today there's only £10m floating shares to play with. "Why is Southampton more positive, I thought it had planning turned down." Southampton has received local objections but the planning is controlled by the central government and they want/need Biomass and also a little while ago Helius brought in Mr Rickett which in my view is to smooth the governmental issues. "I am interested in this business and do the long term holders here think this could be bought out at a later date,seeing as this is what Mr McD appears to do with his creations.Is there a likely exit at 10 to 20 times todays price?" I know there are another plants in the pipeline and I'd say in 5 10 years time Helius could be large and picked up by one of the big operators. The country needs clean energy and biomass plants are quick to build and fill in the lacking's of wind and solar which either generate or sit there doing nothing whilst biomass runs 24hr 7 days a week. Also money starts coming in next year from Rothes so profits will appear and I'd say the big investors will want to see dividends for their tied up money. |
Posted at 05/12/2011 16:01 by mdchand Good to see a non-exec doing his bit to mop up the massive share overhang here. Would Angus Macdonald have to notify the stock exchange were he to be the seller?If he isn't the seller, I would love to see who is. 2 investors with 48% of the company....wouldnt take much for them to get to 51% and take the company out cheaply..... |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
