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Real-Time news about Helius Eng (London Stock Exchange): 0 recent articles
but shareholders do not see the full amount - there are liabilties, costs etc. my quick calculation is that it means about 10-15% to current share price.|
|casino444: appears a cluster of sells all within the space of 2 minutes and during the last 15 minutes of trading today pushed the share price down ??|
|pilot48: Edison's "Investment Summary" 3 November 2011:
The recently announced share placing (40.95m shares at 16p/share raising £6.55m net), together with Helius's earlier announced capital-raising exercise (£0.7m equity and £0.3m debt) and package of cost-control measures (including the departure of three non-executive directors) should give it enough cash resources to proceed with financing Avonmouth, expected in six to nine months. Helius's share price stands at a discount to our base-case SOTP (32p/share) and below the combined value of the Stallingborough earn-out and Rothes. The market valuation also implies no value for Avonmouth nor the potential for Rothes to augment its value by modifying its fuelling strategy (generating by using more draff and less wood).|
They've got Tilbury to convert, and they're setting up their own supply of biomass in the US (Georgia I think), not so much low ball as low blow if they wanted to.
I think financial close for Avonmouth is critical and maybe unlocking some value to keep going, but then it's just Stallingborough all over again and the only thing burning is cash. Keep the faith here or admit defeat...|
|pilot48: Following this additional equity investment into the project, the Board intends to secure further funding in 2011 to support its development activities and general working capital requirements.
Placing is on the cards. Nothing firm on when/if Helius will receive the earn-out. Southhampton will keep dragging on. I don't see the share price decline reversing any time soon.|
|pilot48: True, but still dragging the share price further down.|
|pilot48: Shame about the share price today ;)|
|greenisgood: Thanks Nailsaz, that report in full, and adain note they say share price should be in 70s;
"Renewable energy demand offers significant growth potential for Helius Energy, says Edison
Friday, September 17, 2010 by Sergei Balashov
company news image As the UK's only pure biomass producer, Helius Energy is poised to benefit from growing renewable energy demand
Edison Investment Research has issued a bullish note on Helius Energy (LON:HEGY), saying that as the UK's only pure biomass generator, the company could capitalise on the significant demand for renewable energy.
As per the research house's estimates, the share price could be three times the current 25 pence, which at the moment gives it a market cap of £22 million.
Edison stated that the biomass generation market is experiencing significant growth and Helius has every chance to capitalise on it. The expansion of the market is due to the UK's growing demand of alternative sources of energy
and biomass generation is well placed to satisfy that need, said Edison.
The broker added that the current share price does not reflect that the company's management team has demonstrated that it is able to create value by developing biomass projects.
As an example, the report cited the sale of the Stallingborough project to RWE for £41 million within three months of receiving permission.
"We believe that Helius, with its managerial expertise, proven track record of value creation and sound finances is well placed to play a substantial role in the deployment of biomass in the UK," Helius said in the report.
As for the Avenmouth biomass plant project, Edison noted that environmental group Coedbach Action Team, whose challenge to revoke the planning permission for the project was rejected, had the right to appeal. However, the broker said that it expected the project to proceed and did not rule out a realisation of at least a part of its value.
The report concluded that at the current levels the market only valued the cash on the balance sheet and the Stallingborough earn-out.
Helius has £12.7 million in cash. Edison predicts the cash balance to be at £10 million at the end of September.
Helius Energy identifies, develops, owns and builds biomass generation plants in the UK. Historically the projects have ranged from 7MW (mega watt) to 100MW, though Edison said that they are likely to be at the upper end of that range in future.
Helius expect to reach financial close on a 7MW project at Rothes in Scotland later this year and possibly raise its stake to 90%.
According to Edison, once Rothes and Avonmouth commence operation, in 2013 and 2014 respectively, "a more predictable stream of revenue should begin to emerge.""
|cyberpost: It's been tipped :
The Lean towards Green
Following his introduction last month, Alex Race takes a look at the first company in his series on Renewable Energy Companies. Helius Energy is an interesting company which even has plans to generate power from the waste product of a whisky distillery. With a cash pile greater than its market capitalization Helius is worthy of further investigation
Market Capitalisation: £17 million
Share Price: 19.75 pence
Admitted to AIM in 2007, Helius Energy (HEGY.L) is a developer of both large (over 60Megawatts) and small modular (5 8Megawatts) biomass-powered electricity generation plants.
The group was established to develop, and ultimately own and operate, a portfolio of biomass power plants located at carefully selected sites where sustainable feedstock and the associated infrastructure is readily available.
Biomass fuel is derived from plant-based, animal and vegetable material and can include many ordinary things such as dead trees and branches, garden clippings and wood chippings.
With the successful sale of their first project (Stallingborough, Lincolnshire) to European utility giant RWE last year, cash-rich Helius now has a pipeline of new projects upon which to build the Company's fortunes. With an experienced management team, some exciting projects and proven performance in a growing market, Helius has performed solidly in these turbulent times.
Projects and Pipeline
Helius has a dual strategy of developing large (over 60MWe) biomass-fired power stations and designing and installing smaller (5-8 MWe) biomass-fuelled heat and power plants, based on its modular GreenSwitch technology.
Helius sold its first 65Mwe Stallingborough project to RWE for a total of £28.1 million plus a 13% carried interest in the future profits of the plant for 24 years (valued at £14.3 million). Additionally, Helius has also signed a Technical Services Agreement with RWE to provide ongoing support to ensure the plant is delivered as per the proposed project timetable. This agreement is valid for 4½ years during which time Helius will be remunerated at commercial rates.
Helius has also signed an option to lease an 18 acre site located within Avonmouth Dock, on the Bristol Channel, for the proposed construction of a 100MW biomass power plant. On 9 February 2009, Helius confirmed that it had submitted an application for consent to the Department of Energy and Climate Change (DECC) for this project and has entered into a statutory consultation process with relevant authorities and statutory bodies.
According to its 2008 Annual Report, 'It is anticipated that the Group will secure a further site for another 100MWe biomass plant during the first half of 2009, with a S36 planning application being made before the end of 2009. Finally, the Group is also considering opportunities outside the UK where the political and economic climate supports the development of biomass power generation. Such opportunities will be stringently reviewed and only progressed in conjunction with capable feedstock, technology and financing partners to mitigate risk.'
The Company's first commercial project utilisising its modular GreenSwitch technology has been signed with the 'Combination of Rothes Distillers' in Scotland.
Helius' GreenSwitch 5-8 MWe plants are designed to be located where sustainable and renewable feedstocks are readily available, such as breweries and distilleries, avoiding the costs of transporting wet feedstocks.
GreenSwitch plants have been designed to generate onsite electricity and export any surplus to the local electricity network, providing potential customers with an environmentally sustainable and economic method of utilising processing by-products.
The Combination of Rothes Distillers (CoRD) project has just been granted planning permission and the group expects to secure further projects of this size over the next two years . This extract from the January 2009 RNS illustrates the green credentials of this project:
'The project........will see the installation of a GreenSwitch biomass-fuelled combined heat and power (CHP) plant to the rear of the CoRD's existing site to the north of Rothes. The CHP unit will use a combination of distillery co-products and wood chip from sustainable sources to generate 7.2 megawatts of electricity, enough for 9,000 homes, which can be used onsite or exported to the National Grid.
As part of the project, a new GreenFields plant will be built alongside the GreenSwitch CHP unit and will turn the liquid co-product of whisky production, known as Pot Ale, into a concentrated organic fertiliser for use by local farmers.
Unlike many small companies at the moment, Helius is cash rich. Indeed, on 28 January 2009, the company announced that it had bought back just over 1 million shares, which will reduce the Company's issued share capital by 1.2%. At its year end on 30 September 2008 Helius reported net cash of £24 million.
In its 2008 full year results, Helius showed a profit of £30.7 million - £33.6 million was generated by the sale of its Stallingborough project to RWE.
With its debt eliminated, 'Helius now has sufficient funding to undertake the multiple developments planned for the next 3 years' Alex Worrell, Chairman's statement at 26 January 2009. Having exceeded the milestones set at its admission to AIM in 2007, the management has proven their worth. If the companies past performance is any indication of its future prosperity, then Helius Energy could be the AIM renewables success story everyone else has to beat.
Alex's wind energy blog can be found at : http://www.depthchargewind.blogspot.com/|
The pattern is obvious, and replicates the previous management buyback of late January. 5.7M sells, 5.7M buys. We should get an RNS that the management have bought back 5.7M shares, tomorrow or Monday. They are fulfilling their promise, and have another 5M or 6M shares still to buy back after this....
The share price has been marked down by the MMs a bit in the last few days despite very low volume, to facilitate the buyback, since the condition of the buyback (unable to buy back shares at more than 5% above the average mid-price of the last 5 days) makes it difficult for it to take place if the share price is rising. The large buyback helps the MMs not only because they will make a margin on those large volumes, but because it should facilitate the share price starting to head northwards again (so more trading > more profits for them) once the buyback is complete, and the EPS and PE improve substantially from their already ridiculous levels.
Given the buyback on 28th Jan and the buyback today, I wonder whether the company has monthly cashflow cycles which mean that they can buy back shares at the end of each month? In which case we could see the final buyback at the end of March - triggering the start of the next leg up. Completion of the buyback at that time could also fall just nicely for the official H1 statement on 31st March!
I wonder who the management have bought the shares from? We may soon find out, it could be an insti but it would be interesting if it was the director who said that she had to pledge the shares for a divorce settlement... :-)
No advice intended, DYOR|
Helius Eng share price data is direct from the London Stock Exchange