Share Name Share Symbol Market Type Share ISIN Share Description
Mcc Energy LSE:MCCE London Ordinary Share GB00B05LNF36 ORD 0.5P (REGS)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Mcc Energy Share Discussion Threads

Showing 1 to 22 of 25 messages
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DateSubjectAuthorDiscuss
27/1/2006
07:14
energyi, I started a new thread for Tersus here: http://www.advfn.com/cmn/fbb/thread.php3?id=10597602 So far, no-one seems interested which is a shame as I think that a lot is going to happen over the next few months. al
arnoldlane
27/1/2006
06:29
23 December 2005 Not for release, publication or distribution in the United States Tersus Energy plc ("Tersus Energy" or the "Company") Issue of Equity Tersus Energy today announces it has conditionally raised #4 million (before expenses) in a placing with institutional and other investors. Having established its three operating businesses since its AIM IPO in February 2005: Tersus Energy Controls, Tersus BioEnergy and Tersus Asian Renewables, Tersus Energy intends that the funds raised will be used to make up to seven investments across these business units. Whilst in certain cases term sheets have been signed, execution of all of the transactions is conditional upon board approval, finalisation of due diligence and negotiation of full form legal documentation. Further information on the status of the negotiations relating to these proposed investments are set out under "Intended Investments" below. The Company has conditionally placed 11,111,112 new ordinary shares of 0.5p each ("Ordinary Shares") (the "Placing Shares") at 36 pence each to raise approximately #4 million (before expenses) for the Company (the "Placing"). KBC Peel Hunt Ltd is acting as Nominated adviser and broker. The following is a summary of the proposed investee entities, which should be read in conjunction with the remainder of this announcement: Tersus Energy Controls: - Company "A", a US-based developer of controllers for shunt and series DC motors. In the view of the Board of Tersus Energy, Company "A" offers potential product distribution and cost synergies with Navitas Technologies, the first acquisition within Tersus Energy Controls. - Thor, a US-based developer of brushless DC ("BLDC") motor and controller technology. The Board considers that Thor offers potential R&D collaboration with Navitas Technologies. - World Energy Labs, a US based developer of battery (electrochemical) diagnostics technology targeting 'mission-critical' users of batteries e.g. utilities, telecommunications, UPS users and hospitals. - Company "E", a US-based developer of energy and environmental information management software. Company "E" represents Tersus Energy's first proposed investment into stationary (as opposed to mobile) energy controls. Tersus BioEnergy: - Enviro-Controls, a UK-based developer of proprietary thermophilic anaerobic digestion technologies and projects. The potential investment includes a joint project development agreement giving Tersus Energy developer project equity and the right to invest equity in projects and earn developer's equity. - West Lorne Cogeneration, DynaMotive Energy Systems' first commercial plant in West Lorne, Ontario, using DynaMotive's technology to convert wood waste to BioOil and Char and for the generation of clean electricity and steam. Tersus Asian Renewables: - Options over Tang Wind Energy's limited partnership interests affording an exposure to HT Blade, one of China's largest domestic developers and manufacturers of wind blades. Commenting on the transaction, Steven Levine, Chief Executive Officer said: "This fundraising represents the next step in building upon the foundations laid by our IPO in February, and the establishment of our three operating businesses: Tersus Energy Controls, Tersus BioEnergy and, Tersus Asian Renewables. The acquisitions and investments we have selected should, if completed, enable us to grow our three business units." Enquiries: Tersus Energy plc 020 7408 5420 Steven Levine, Chief Executive Officer David Wilson, Finance Director KBC Peel Hunt Ltd 020 7418 8900 Jonathan Marren David Anderson M Communications 020 7153 1540 Patrick d'Ancona Nick Fox Notes to Editors: About Tersus Energy plc Tersus Energy, which floated on AIM in February 2005, is building three operating businesses: - Tersus Energy Controls. Formed to exploit the opportunity presented by the increasing focus on energy efficiency and management of electricity consumption. Tersus Energy is focusing on mobile applications (eg. electric vehicles, AGVs, fork lifts, fuel cells, hybrids) and stationary applications (eg. building controls, energy management information). Its first investment is Navitas Technologies. The aim of Tersus Energy Controls is to build an earnings based business of some scale. - Tersus BioEnergy. Formed to exploit the accelerating demand for alternative fuel based supply of energy. Tersus BioEnergy is focusing on biofuels (bioethanol and biodiesel) and electricity produced from forest, agricultural, municipal and industrial waste. It intends to develop, manage and invest into a stream of projects with our chosen Joint Venture partners, growing in scale over time. Its first strategic relationship is with Dynamotive Energy Systems Corporation. DynaMotive's technology economically converts biomass into a renewable, environmentally friendly fuel. DynaMotive has successfully demonstrated conversion of these residues into fuel known as BioOil, as well as char. - Tersus Asian Renewables. Formed to exploit the demand for renewable energy in Asia. Tersus Asian Renewables is focusing on wind, biomass and clean coal, principally in China and India. It intends to develop, manage and invest into the project streams of our chosen Joint Venture partners, growing in scale over time. Tersus Energy's first strategic relationships are with Tang Group and Synergy and it is actively pursuing other opportunities. Tersus Energy's business model which aims to operate across a number of platforms in what it believes to be the most attractive areas of the market, should in the view of the Directors, achieve risk diversification not available to single platform companies. Details of the Placing Pursuant to the terms of a placing agreement between the Company and KBC Peel Hunt Ltd ("KBC Peel Hunt"), KBC Peel Hunt has, as agent for the Company, agreed conditionally to place 11,111,112 Placing Shares with institutional and other investors at 36 pence per share. As part of the Placing, the management will in aggregate be subscribing for 277,778 Placing Shares under the terms of the Placing. Of this Placing with management, John Devaney, the Non-executive Chairman and David Wilson, the Finance Director, has each agreed to subscribe for 83,333 Placing Shares at the Placing Price representing 0.22 per cent. each of the issued share capital as enlarged by the Placing ("Enlarged Issued Share Capital"). Following completion of the Placing, John Devaney and David Wilson will own 133,333 Ordinary Shares and 134,771 Ordinary Shares respectively representing approximately 0.35 per cent. and 0.36 per cent. respectively of the Enlarged Issued Share Capital. The Placing price of 36 pence per Ordinary Share represents a discount of approximately 11.1 per cent. to the closing mid-market price of 40.5 pence per Ordinary Share on 22 December 2005 being the last dealing day prior to this announcement. The issue of the Placing Shares is conditional, inter alia, upon Admission to AIM of the Placing Shares. Application has been made to London Stock Exchange plc for the Placing Shares to be admitted to trading on AIM. The Placing Shares are expected to be admitted to AIM and to commence trading at 08:00 a.m. on 30 December 2005. Intended investments It is intended the funds raised will be used to make up to seven investments across the three business units. Whilst in certain cases term sheets have been signed, execution of all of the transactions is conditional upon board approval, finalisation of due diligence and negotiation of full form legal documentation. The Company has been in active negotiations in relation to each of the proposed investee entities and the status of these negotiations is set out below. Whilst it is the current expectation of the Directors that the Company should be able to make the investments as anticipated, there can be no guarantee that this will occur nor that the investments will be made on the same or equivalent terms as described below. The Company will make an announcement via a recognised information service once terms for each of the investments are finally agreed. Tersus Energy Controls: Company "A" Company "A" is a US-based developer of controllers for shunt and series DC motors. There are a number of potential synergies between Company "A" and Navitas Technologies (a wholly-owned subsidiary of Tersus Energy) including complementary distribution channels and portfolio of products, combination of R& D and applications engineering expertise, manufacturing synergies and the possibility of leveraging marketing and sales staff. Tersus Energy has agreed in principle to invest US$1.0 million for a 30 per cent. stake in Company "A". Thor Thor is a US-based developer of brushless DC ("BLDC") motor and controller technology. The BLDC solution is considered by the Company to be more efficient than traditional AC motors, can deliver twice the power and is approximately half the size of such traditional motors. The initial target market is that of industrial tools where the BLDC advantages of weight, reliability and efficiency can be leveraged. Subsequent markets include heating, ventilation and air conditioning (HVAC), refrigeration and industrial processes. The Company also believes that such technology could serve as a platform for the development of brushless motors and/or controllers for the vehicle market. Tersus Energy is negotiating an investment of US$100,000 for an expected 6 per cent. stake in Thor which is expected to be matched by the Ben Franklin Fund. World Energy Labs World Energy Labs is a US-based developer of advanced diagnostic technologies for evaluating certain parameters of energy storage and energy conversion devices (typically batteries) as well as electrochemical systems. The target markets are those users of batteries, such as telecommunications providers and hospitals, where the devices' integrity is critical. Tersus Energy has entered into a term sheet which provides for the Company to acquire a 5 per cent. stake in World Energy Labs costing US$1.0 million. The deal also gives the Company two options over a further 5 and 10 per cent of the equity. Company "E" Company "E" is a US-based developer of energy and environmental information software. Its software has been rolled out to over 100 utilities and large commercial, industrial, government and institutional clients. Tersus Energy is negotiating terms in principle in which it is proposed that it would acquire Company "E" for US$2.0 million, of which it is proposed that US$1.7 million of the consideration would be met with cash and the remaining US$0.3 million in Ordinary Shares. Tersus BioEnergy: Enviro-Controls Enviro-Controls is a UK-based developer of proprietary thermophilic anaerobic digestion technologies and projects used to convert organic waste into environmentally useful materials, including high-quality organic fertiliser, and methane gas. The company currently has two successful pilot plants, one in the UK and one in US. Enviro-Controls has a pipeline of ten-plus projects in the UK, US and Asia. Tersus Energy is in negotiations with view to agreeing a three part arrangement: (i) US$350,000 to be invested, (ii) an arrangement to secure the pipeline of projects and (iii) a joint development agreement which would give the Company the right to invest equity in projects. West Lorne BioOil Cogeneration Through the Company's investment in the NASDAQ-OTC traded DynaMotive Energy Systems, Inc., which is considered by the Board to be a market leader in the biomass to energy market, Tersus Energy has proposed an investment of US$1.0 million for a 20 per cent. stake in its first plant subject to operating due diligence and final terms. The first commercial plant is at the Erie Flooring production facility (steam and electricity taker) in West Lorne, Ontario. The West Lorne plant is understood to have the capacity to convert 100 tonnes per day of wood residue into approximately 70 tonnes of BioOil and 20 tonnes of char fuel making it, in the view of the Board, one of the world's largest pyrolysis plant and the first BioOil-fuelled cogeneration facility. The plant, as at the time of this announcement, is physically complete and in the late stages of commissioning. Contractual arrangements between West Lorne and off-takers are currently in negotiation. The proposed terms of investment in West Lorne would, in the view of the Board, if implemented provide a 20 per cent. internal rate of return (IRR) to the Company. This IRR is based upon a number of assumptions and there can be no guarantee that such return will in fact be generated by such investment should it be made. Tersus Asian Renewables: Tang Wind Energy Tersus Energy has obtained options over 25 per cent. of the total limited partnership interests in Tang Wind Energy LP thus affording exposure to Tang Wind Energy's 25 per cent. interest in HT Blade. HT Blade is one of China's largest domestic developers and manufacturers of wind blades. HT Blade was incorporated in China in 2001 as a China/US co-operative joint venture and primarily serves China. However, the Directors consider, that HT Blade has the potential to expand its sales to other selected Asian markets. The option is in three tranches. The first tranche exercise price is $2 million. The remaining tranches have been determined by reference to a higher valuation and the aggregate exercise price amounts to $4 million. HT Blade's majority Chinese shareholder has indicated that there is an intention to float HT Blade on a public market at some point in the future. Update on Navitas Technologies Navitas Technologies Ltd ("Navitas Technologies") became wholly owned by the Company in May 2005 and is focused on the development and manufacture of high performance microprocessor-based electronic controls systems for a wide variety of electric vehicles, with applications in hybrid car and fuel cell technologies. Since its acquisition, Tersus Energy has been able to implement a number of improvements throughout the Navitas Technologies business that have resulted in the company turning from being loss making to profitable. The Board estimates that Navitas Technologies has a value of $5-6 million assuming a multiple of 10 (which the Board considers to be reasonable) being applied to 2006 expected earnings before interest and taxation. It should be noted that this is the Board's own estimate and has not been independently verified and that it is not intended to comprise a profit forecast or any assurance that such earnings and valuation will be achieved.
energyi
25/6/2005
16:17
NO, I havent bought. I was studying the renewables sector, and came across this company- I thought it deserved a thread, albeit not my investment yet
energyi
25/6/2005
16:11
How on earth this company has a mkt cap of 11 million at the moment beats me.How the hell did they value these is a mystery.These shares should be trading at 25p at the most.No assets and hardly any turnover.
prince3
07/5/2005
12:52
energyi Are you a holder ? I made the mistake of buying in at 55p.The company seems to be doing the right things but there is no interest.
bernie100
06/5/2005
18:01
Notification of change in shareholdings MCC Energy plc ("MCC Energy") announces that it has today been notified by Moore, Clayton & Co, Inc. ("MCCI"), a significant shareholder in MCC Energy, that pursuant to an agreement (the "Agreement") entered into on 15 April 2005 between MCCI and, amongst others, Old Mutual plc and OM Group (UK) Limited, a subsidiary of Old Mutual ("OM Group"), MCCI has transferred 937,500 ordinary shares of 0.5p each in the capital of MCC Energy (representing approximately 3.6% of the issued share capital of MCC Energy) (the "Shares") to OM Group (the "Transfer"). Old Mutual plc is an international financial services group, whose activities are focussed on asset gathering and asset management. Old Mutual currently has £140 billion funds under management, 10% of which are based in the United Kingdom. The Transfer forms part of the consideration payable by MCCI under the Agreement and has been calculated by reference to a price per ordinary share of MCC Energy of 50p. As a result of the Transfer, MCCI's shareholding in MCC Energy has decreased from 7,825,996 ordinary shares (representing approximately 30.1% of the issued share capital of MCC Energy) to 6,888,496 ordinary shares (representing approximately 26.5% of the issued share capital of MCC Energy). Anthony Moore, the Executive Vice Chairman of MCC Energy and Sharon Clayton, a Non-executive director of MCC Energy, are also directors and controlling shareholders of MCCI and can therefore be considered to be interested in the transfer of the Shares. 15 April 2005
energyi
06/5/2005
17:51
Acquisition of North American Energy Controls Business MCC Energy PLC ("the Company" or "MCC Energy") announced today that it has completed its acquisition of the business and assets of SRE Controls, Inc., ("SRE") on the terms contained in the Company's announcement on April 13, 2005. Concurrent with the acquisition, SRE was renamed Navitas Technologies, Ltd. Navitas Technologies will remain focused on developing and manufacturing energy controls systems for electric vehicles ("EVs") such as forklifts, golf carts, automated guided vehicles and scooters sold throughout the United States and Canada. The Board considers that Navitas Technologies presents an excellent opportunity for the Company underpinned by its view that demand for EVs should remain strong as they are highly energy efficient and environmentally-friendly, can reduce operating expenses and can increase productivity. The Board believes Navitas Technologies' unique product line, which delivers higher power ratings, cooler operating temperatures for higher reliability and flexibility and optimised efficiency and power management, will enable it to continue on its growth path. The intention is that Navitas Technologies will launch a fully-programmable line of EV controllers, in AC and DC configurations. MCC Energy will seek to provide additional value by leveraging the skill sets of its personnel to assist Navitas Technologies with penetrating market opportunities in North America and Europe, improving the business operations, and pursuing various growth strategies. Steven Levine, Chief Executive Officer, stated: "The acquisition of Navitas Technologies is consistent with our strategy described in MCC Energy's initial public offering on AIM of identifying and investing in proven energy technology companies with strong growth potential. This acquisition provides us with a platform from which to expand into the energy efficiency and controls market." MCC Energy is an established business providing integrated strategic and financial advisory services, including capital raising, business development and mergers and acquisitions, to established and emerging energy companies based principally in Europe and North America and intends to extend its business, by acquiring majority or active minority interests in energy assets and technologies.
energyi
15/4/2005
09:22
MCC Energy buys SRE Controls for 0.47 mln stg AFX LONDON (AFX) - MCC Energy PLC said it has acquired SRE Controls Inc for 0.47 mln stg. SRE is a 15-year old Ontario, Canada-based technology company that develops and manufactures energy controls systems for electric vehicles ('EVs') such as forklifts, golf carts, automated guided vehicles and scooters sold throughout the United States and Canada. For the year-ended Dec 31 2004, SRE generated 3.3 mln cad in gross revenues. SRE had losses for the year ended Dec 31 2004 of 1.04 mln cad, a 32 pct improvement from 2003. The board considers that the opportunity exists to return SRE to profitable trading by the end of 2005. The company said it intends to invest up to 0.6 mln cad during the next 12 months for increased marketing, business development, and for working capital. newsdesk@afxnews.com slm/
henry14
15/4/2005
09:18
CLICK HERE TO PRINT CLOSE WINDOW April 14, 2005 Smaller stock to watch MCC Energy, which provides advisory services to the electricity and natural gas industries, held steady at 49½p on striking its first deal since its AIM flotation in February. It is buying Canada's SRE Controls, a maker of energy control systems for electric vehicles.
sgfund
11/3/2005
12:41
Date: 11 March 2005 LONDON (ShareCast) - Specialty finance group Charles Taylor revealed a 22% rise in annual pre-tax profit, buoyed by a strong performance from its energy division. The group, which advises on risks such as aeroplane crashes, reported pre-tax of £10.7m in the year to Dec 31 2004 from £8.8m before on turnover of £62.8m, up from £55.9m. At the start of 2004 it bought BCL, based principally in North America, which helped produce "excellent results" in its energy division. Charles Taylor also announced today that CEO Steve Clarke, will be stepping down due to personal circumstances, but will remain on the board until the end of 2005. Chairman John Rowe has agreed to take on this additional role. A final dividend of 5.42p has been recommended, making a total payout of 9.02p, up from 8.02p. "2005 is a year in which the group will invest in supporting its mutual management activities. This will both strengthen the base of our existing mutuals and facilitate further diversification of our mutual management portfolio, both in Australia, where our success to date is an illustration of the opportunities available, and elsewhere." Initial indications for its services division points to a good year for both its energy and aviation businesses.
henry14
03/3/2005
17:49
Merrill Lynch stakebuilding RNS Number:2708J MCC Energy Plc 02 March 2005 MCC Energy plc Notification of holding MCC Energy plc (the "Company") was today informed by Merrill Lynch Investment Managers Group Limited that as of 28 February 2005, BNYTC as Trustee of MLIT UK Smaller Companies Fund had an interest in 1,100,000 ordinary shares of 0.5p each representing 4.23 per cent. of the Company's issued share capital. 2 March 2005 This information is provided by RNS The company news service from the London Stock Exchange END HOLDLLFBEXBBBBX
henry14
24/2/2005
17:09
Any ideas why the fall ? seems to fall on a few sells but doesnt move up when theres similar amounts of buys.
vince3
16/2/2005
21:43
Hi there prince, Im holding this beauty. Do you have a position with this one?
sgfund
16/2/2005
17:17
Hello.Is anybody there ? Anybody holding this stock ? I guess not.
prince3
11/2/2005
20:53
http://www.mccenergyplc.com/
sgfund
07/2/2005
17:49
Buy MCC Energy Our Hot New issue tip for the month - 7 February 2005 I tipped this stock a few days back on the site and have picked this as my 'tip of the month' based on MCC's past trading history and impressive management. Nigel Wray's 8% holding increases our confidence in the company's ability to deliver revenues in the year to December 2005 and we suggest backing this stock on its listing on 4 February. we should disclose that Nigel owns 10% of our parent company t1ps.com Ltd but he has no say in editorial matters and frankly we'd rather co-invest with a proven winner than ignore his leads altogether. Background: MCC Energy is an established company providing advisory services to the energy sector. On listing the company hopes to expand and acquire early stage energy assets. The company raised 3 million pounds before expenses at 50p. Its shares now trade at 55p valuing it at 14.3 million pounds. Directors hold over 50% of the equity. Prestbury Investment Holdings* and Cornell Capital Partners will jointly hold 12.5% of the company. Operations: Three people in Los Angeles were involved in setting up what grew to become one of the larger energy providers to commercial and industrial companies in the US, supplying de-regulated electricity. New Energy Ventures was formed in 1998/1999 by Tony Moore, Sharon Clayton and Steve Levine and was subsequently sold to AES Corporation for around $90 million. The threesome then went away to form an advisory services group called Moore, Clayton and Co Inc with the hope of building on strong relationships established at New Energy. MCC Energy (also set up by the Moore Clayton group) hired MCC Inc to provide advisory services to the group. MCC Energy has been operating for a few years now and has mainly been involved in offering advice to companies in the main stream and alternative energy sector. It offers strategic solutions on finances, business development, mergers, acquisition and capital raising principally to companies based in Europe and North America. Typically, an example of MCC Energy work would involve launching a $45 million fundraising for 'Delphi Automotive Systems'. On listing, the company intends to launch two new divisions apart from Energy Advisors - Energy Technologies and Energy Assets. Both are newly incorporated subsidiaries and while one will focus on developing early stage energy projects in return for a significant stake of equity, the other will concentrate on acquiring small to medium scale assets, particularly in the renewable sector. The company already operates a policy of trading services for equity and as a result, has large stakes (ranging from 3 - 50% ) in these early stage companies. Most of these projects pay MCC a small retainer fee, an portion of funds raised if working capital is required and in addition, a stake in the company. The results for the year to December 2003 showed a loss of $17,396 on a turnover of $660,788. In the nine months to September 2004, the company recorded a loss of $2.4 million on a turnover of $529, 350. The losses include a non cash stock transfer for services rendered - 1.96 million shares at $1 each to contract personnel, advisors and directors. In the last three months to 31 December 2004, the company has signed off on a number of contracts and expects revenues in the year to December 2005 to come in around $3 million. In three months, the company has signed off on a $800,000 deal with Rainy Energy, $402,000 deal with Theolia SA and sold $956,000 worth of shares in a private company. Business Development: The company has consciously structured its business model to 'spread risk and provide long term return on investment to shareholders'. It hopes to bring in a range of deals which should provide working capital for the short term and equity stakes which should deliver in the long run. The Energy Technologies division will acquire controlling and non controlling stakes in technology companies in Europe and North America. Consolidation opportunities within the portfolio will be reviewed over a period of time. Energy Assets, focussing on acquisitions, has already short -listed a few companies and is currently looking into due diligence processes. The aim is to acquire assets that will generate predictable and consistent revenues. MCC business model is subject to environment friendly laws which are expected to be enforced by the government. Management: Tony Moore, Executive Vice Chairman has been with the company for a few years and was President of New Energy Inc, he has held senior executive positions at Goldman Sachs in New York and London. Steven Levine, CEO of MCC , has served as Vice President of New Energy Inc, and Sharon Clayton, non-exec director, is also a founder of MCCI and has worked as international business development president for Dimax Controls and director of Business Development of Johnson Controls. Investment Conclusion: The team has been involved in the setting up of a fairly large energy retailer in America and has continued working in the industry to provide financial advisory services to groups across the world. The management seems credible with enough experience in the energy sector to continue bringing in contracts. Members on the board, including the non-exec Chairman, have been responsible for setting up the AIM listed Healthcare Enterprise Group. The numbers look encouraging and if the $1.9 million stock transfer is ignored, the company would have recorded losses of $500,000 in the nine months to September 2004. The numbers to December 2005 signify turnover of $3 million and on a no tax charge, assuming overheads increase to $1.3 million, pre-tax profits could come in at $1.7 million or 900,000 pounds. At 14.3 million pounds, on a mid teen forward PE, the company looks like a sensible addition to any green portfolio. Contact details: KBC Peel Hunt - 020 7418 8911 * Prestbury Investment Holdings currently holds 20% of t1ps.com, parent company of allnewissues.com
sgfund
06/2/2005
11:41
MCC Energy - One for the green portfolio Background: MCC Energy is an established company providing advisory services to the energy sector. On listing the company hopes to expand and acquire early stage energy assets. The company has raised £3 million before expenses at 50p, bringing the market cap up to £13 million. Directors will hold over 50% of the equity. Prestbury Investment Holdings* and Cornell Capital Partners will hold 12.5% of the company. Operations: Three people in Los Angeles were involved in setting up what grew to become one of the larger energy providers to commercial and industrial companies in the US, supplying de-regulated electricity. New Energy Ventures was formed in 1998/1999 by Tony Moore, Sharon Clayton and Steve Levine and was subsequently sold to AES Corporation for around $90 million. The threesome then went away to form an advisory services group called Moore, Clayton and Co Inc with the hope of building on strong relationships established at New Energy. MCC Energy (also set up by the Moore Clayton group) hired MCC Inc to provide advisory services to the group. MCC Energy has been operating for a few years now and has mainly been involved in offering advice to companies in the main stream and alternative energy sector. It offers strategic solutions on finances, business development, mergers, acquisition and capital raising principally to companies based in Europe and North America. Historically, an example of MCC Energy work would involve launching a $45 million fundraising for 'Delphi Automotive Systems'. On listing, the company intends to launch two new divisions apart from Energy Advisors - Energy Technologies and Energy Assets. Both are newly incorporated subsidiaries and while one will focus on developing early stage energy projects in return for a significant stake of equity, the other will concentrate on acquiring small to medium scale assets, particularly in the renewable sector. The company already operates a policy of trading services for equity and as a result, has large stakes (ranging from 3 - 50% ) in these early stage companies. Most of these projects pay MCC a small retainer fee, an portion of funds raised if working capital is required and in addition, a stake in the company. The results for the year to December 2003 showed a loss of $17,396 on a turnover of $660,788. In the nine months to September 2004, the company recorded a loss of $2.4 million on a turnover of $529, 350. The losses include a non cash stock transfer for services rendered - 1.96 million shares at $1 each to contract personnel, advisors and directors. In the last three months to 31 December 2004, the company has signed off on a number of contracts and expects revenues in the year to December 2005 to come in around $3 million. In three months, the company has signed off on a $800,000 deal with Rainy Energy, $402,000 deal with Theolia SA and sold $956,000 worth of shares in a private company. Business Development: The company has consciously structured its business model to 'spread risk and provide long term return on investment to shareholders'. It hopes to bring in a range of deals which should provide working capital for the short term and equity stakes which should deliver in the long run. The Energy Technologies division will acquire controlling and non controlling stakes in technology companies in Europe and North America. Consolidation opportunities within the portfolio will be reviewed over a period of time. Energy Assets, focussing on acquisitions, has already short -listed a few companies and is currently looking into due diligence processes. The aim is to acquire assets that will generate predictable and consistent revenues. MCC business model is subject to environment friendly laws which are expected to be enforced by the government. Management: Tony Moore, Executive Vice Chairman has been with the company for a few years and was President of New Energy Inc, he has held senior executive positions at Goldman Sachs in New York and London. Steven Levine, CEO of MCC , has served as Vice President of New Energy Inc, and Sharon Clayton, non-exec director, is also a founder of MCCI and has worked as international business development president for Dimax Controls and director of Business Development of Johnson Controls. Investment Conclusion: The team has been involved in the setting up of a fairly large energy retailer in America and has continued working in the industry to provide financial advisory services to groups across the world. The management seems credible with enough experience in the energy sector to continue bringing in contracts. Members on the board, including the non-exec Chairman, have been responsible for setting up the AIM listed Healthcare Enterprise Group. The numbers look encouraging and if the $1.9 million stock transfer is ignored, the company would have recorded losses of $500,000 in the nine months to September 2004. The numbers to December 2005 signify turnover of $3 million and on a no tax charge, assuming overheads increase to $1.3 million, pre-tax profits could come in at $1.7 million or £900,000. Even on a mid teen forward PE, the company looks like a possible addition to the green portfolio. Contact details: KBC Peel Hunt - 020 7418 8911 * Prestbury Investment Holdings currently holds 20% of t1ps.com, parent company of allnewissues.com
sgfund
05/2/2005
12:31
Anyone got any info on this co ?
vince3
04/2/2005
08:15
Cheers double6. Have bought a few.
chillichap
04/2/2005
08:03
Couple of nice buys - tick up..
double6
04/2/2005
07:59
http://www.uk-wire.com/cgi-bin/articles/200502010759070341I.html
double6
04/2/2005
07:56
Newly listed today.... http://www.advfn.com/p.php?pid=nmona&cb=1107505908&article=10231371&symbol=LSE%3AMCCE
double6
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