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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mytrah Energy | MYT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 44.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 44.75 | 44.75 |
| Top Posts |
|---|
Posted at 10/6/2018 13:17 by danieldanj Mytrah (MYT) Earnings-Reaction to Keep an Eye |
Posted at 25/10/2017 11:01 by eddie1980 Reports that MYT will delist from AIM before IPO in India, due to differences in market valuation!It seems that one of/all of the operating subsidiaries would list in India. Logic would have the holding company's valuation would increase if it held a % of the Indian listed paper, but why do that when you can delist and force everyone into selling at this price, and have it all yourself. My betting is the Indian listing will have it at multiples of today. frustrating. |
Posted at 19/5/2017 14:25 by guernseymoney Many thanks hounddog.I've held MYT a few years ago, but sold at a slight loss. Looks interesting at these levels, just reading the accounts - lots of debt, and few headwinds (excuse the pun), but share price should re-rate. FT report on Renewables today talked of big appetite in India for renewables (wind, solar etc). |
Posted at 05/10/2016 08:51 by hounddog10 They are rumoured or be raising/replacing $120m of finance (unclear how much debt or equity). They seem also to have hired advisers about going public and looking to raise $250-300m (probably 2Q 2017 I would guess - after 2106 annual results out). I think this is in part to deal with the IDFC mezz finance that matures early next year. They do not seem to realise they are already public albeit on a junior market.As the IPO advisers are Indian I guess they would be looking to India or Singapore. Whether they will retain the AiM quotation is unclear. It will be interesting to see what the issue of new shares will be priced at. I can only imagine it will be at least a fair bit higher than the current share price. It is worth remembering that when MYT floated on AiM the shares were sold 85p from memory and the company is infinitely more developed now. hxxp://www.livemint. |
Posted at 26/9/2016 19:57 by hounddog10 I think it is less likely to do so. I am betting 2017 will be its year. I very much hope it does not delist because I think it is at a turning point. I don't think (hope) Ravi Kaillas wants to delist from a market and they have said the Development Bank backing them is looking for an exit.Currently MYT is not having a good ride on AIM but that is because at the moment the financial results are not looking exciting. However, to my mind, that it is simply because of operational ramp up and prior poor monsoons plus crucially profits come in the second half. This year the monsoon is at least average - perhaps a bit more and the (initial) ramp up is largely done. By my back of the envelope calculations for the full year (the main benefit of monsoon winds comes in the second half) they will make $15m to $30m (and that will be after $5m or so of one off debt reduction costs). Put that on a p/e of say even 10 and the outcome is obvious. I think this is an under researched and appreciated stock. There is high leverage so care needs to be taken from that perspective. I am hoping the price will begin to move on the full year results. |
Posted at 26/9/2016 15:27 by ggbarabajagal After 80% Fall In Share Price, CSF Group Proposes To Delist From AIM (ALLISS)CSF Group PLC on Monday said it will seek shareholder approval to cancel its shares from trading on AIM due to the relatively low demand for its... Any risk MYT could do the same? |
Posted at 21/4/2015 18:09 by knackers No longer a minnow, MYT is now a serious player in the renewables sector and a solid platform now established for sustainable growth. MYT have been quietly getting on with it - led by a highly credible Exec/senior management team. |
Posted at 31/7/2014 13:49 by m.t.glass I've included MYT on a thread showing a dozen UK-listed stocks with exposure to India. |
Posted at 30/5/2014 09:56 by knackers Pre-Singapore...? Very much looks as though long positions are being taken ahead of that newsflow. Funds from this highly significant financing round will not only de-risk the investment but more importantly 'propel' MYT towards 800MW by end 2015. Valuation comparison vs GKO indicates 30% upside at a minimum. |
Posted at 16/1/2014 12:56 by salpara111 Just had a quick look at GKO Vs MYT again and the variation in valuations is now rational to me.At the last half year GKO made approx £8,75M after tax, the figure for MYT "before exceptionals" was just £3.125 so that would be a rational explanation for the different valuations.....GKO is a much more profitable company on a MW generation basis so deserves a much higher rating. I finally went though the last set of MYT results properly and have to say that their debt level and servicing requirement makes this a rather riskier play than I previously imagined. I have not dug through GKO financial data enough to determine why they are much more profitable on a MW basis so can't really comment on that. |
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