||EPS - Basic
||Market Cap (m)
|topvest: Think that's a bit harsh to be honest. They floated with a view to offloading the rest. The share price went into free fall because of market and government changes. they weren't prepared to offload their shares for the prices being offered, so they decided to buy it back again and wait for another opportunity to sell it all. I'm not pleased with this bid, but I think they have cynically taken the opportunity to make a turn. Don't think it was premeditated from the start.|
|billywhizz1: 1. Guy Hands (Terra Firma) own Monterey
2. Monterey own 68.50% of Infinis Energy
3. Guy Hands drives the share price down as far as decency will
allow, blaming the UK Government's abolition of the Renewables
State Aid Scheme.
4. Magically and without State aid, the last two big wind farms are easily
5. Almost immediately after the successful conclusion to the above deal, Hands
drops the bombshell.
6. Result... Terra Firma P/E Holding Group effectively own both Infinis and
Monterey, leaving them free, seven months ago, to manipulate the share
price of Infinis to enable them to eventually buy the remaining 31.50%
of the shares through Monterey at the lowest price they can achieve.
In other words they are sweeping up connived and engineered cut-price shares at the expense of the 31.50% of private investors shareholding in the open market.
You may ask yourselves, 'Is this Criminal', the answer is Legally ....NO.
Morally....YES. It would be nice to know whether or not the respective directors
receive any of these shares as bonuses or so called 'performance payments' after the buyout is concluded.
All the above, in my opinion, has, or will, come to pass in due course, UNLESS OF COURSE THE FSA DO THE JOB THEY ARE PAID TO DO AND ROOT OUT ANY POSSIBLE SELF INTEREST MAL-PRACTICE BY THE RESPECTIVE COMPANIES. Keep your fingers crossed.|
|stewartf: Monterey could have offered any price they liked, but they didn't. They offered a price that, in the view of the Independent Directors of Infinis advised by Barclays Bank and RBC Capital Markets, is considered to be fair and reasonable. They need to be mindful that they will need the support of a further 6.5% of the votes in order to achieve the 75% required to make the offer unconditional.
I think there will be quite a few shareholders who will be glad to be able to exit somewhere around breakeven. Up until this morning I thought I was going to be locked into these for years to come if I didn't want to take the loss. Now I've calculated that I will get out in December with a negligible profit of about a hundred quid. So I'm not too disappointed by the announcement.
I also think that current Government policy regarding renewables is largely responsible for the decline in the share price. Announcements by Infinis have warned that there would be a negative impact on profits and that the dividend policy would have to be reviewed. I take that to mean a dividend cut, which income investors like me would have not been happy about.
Of course, if all the small shareholders band together and threaten to reject the offer, they may sweeten it a bit to ensure they do get the 6.5% of acceptances they need. I wouldn't be unhappy about that either.|
|king1pin2: I have contacted the FSA today only to be told that terra firm are not regulated but they are looking into my complaint.
Again just to make sure that i have got this right.
Terra firm were the original owners who sold part of there holding as an IPO.
After a period they decided that they wanted to dispose of there holdings in Infinis, causing a large drop in the share price due to uncertainty on the possible price that they would be offered.
Today they decided to retain there shares and they are wanting mine as well at 1.85
and i have no choice ?
So they could have offered any amount ??
Please let me know if i have got this all wrong because i am not happy.|
|4seeaproblem: Anybody else completely disgusted with the inactivity of the management of this Company ?. Never any official statement, about share price movements....even if it was just to say the usual "the Board notes the adverse movement of the share price and has no knowledge or reason for the movement".
It will be a penny share soon and I am starting to wonder whether a share price decline is their conscious strategy for a MBO on the cheap or TF taking it back privately at a discount.|
|stewartf: I find it a bit curious. Anyone buying now (at 180p, currently) and holding until XD on July 9th would get over 6.7% of their money back in August as a dividend. That's quite a return over a couple of months, well over 25% on an annualised basis. Of course the share price might fall to counteract the gain, but the results were in line with expectations and I couldn't see anything in the detail that made me anxious it couldn't be sustained.|
|thewealthofsocrates: As for solar:
47% drop in share price & $19billion MC loss of the world's largest chinese solar company Hanergy does not inspire confidence in their 'revolutionary' technology. Where is the CEO?
|eaaxs06: Sorry, Garry, I think my previous post came across a bit more aggressive that I’d intended. It certainly wasn’t intended to have a pop at anyone for the decisions they make.
The point I was trying to make was it doesn’t matter a stuff whether a share is paying 10% divi, or none whatsoever, it’s the total return that matters (i.e price rise/fall plus dividends)
For a share dropping 5% and paying a 10% divi, the return is 5%. If a share price grows 20% and pays no divi, the total return is 20%. I know which share I’d rather hold.
And for all those people relying on shares for income, there’s always the choice of selling a few when needs must, so how do dividends matter?|
|garycook: Johnroger, There it is in black and white. Get on board for the ride, and collect the 9% Dividend while waiting for the price of INFI to rise over £2 and beyond maybe 250 with the Terra Firma overhang, this is only reason keeping the share price down, because they are offloading shares at the moment. Purchased myself recently 9,400 shares in 3 Portfolios for the Dividend and growth. DYOR and good luck. Go to Motley Fool website Search INFI and press on Forecast|
|jonwig: Zouppy - yes, a placing might be the way. But it will be at a discount, surely, and depress the INFI share price for some while.
If I were researching this, I'd really be looking at the debt profile and terms.
4seeaproblem - indeed, strange timing. Might Terra Firma be in need of funds?|
INFINIS ENERGY share price data is direct from the London Stock Exchange