Mytrah Energy Share Discussion Threads

[speed camera] 03/3/2012 15:55

..revving up to go ...

[speed camera] 25/2/2012 18:28

Maybe we are due for at least a 10% rise to touch previous highs. A little puffing in the press would help.

[matt] 17/1/2012 22:01

I understand the point but with barely anyone following them and the 11th RNS not listed on ADVFN I flag them up for my own benefit as much as onyone else.

[mathisvale] 17/1/2012 12:43

Thanks Matt but we can read MYT's RNSs just as easily as your posts

[matt] 16/1/2012 15:33

16 January 2012

The Company was informed on 15(th) January 2012 that Mr Peter Neville, a non-executive director of the Company, purchased 10,000 ordinary shares in the Company ("Ordinary Shares"), at a price of 86 pence per Ordinary Share, on 11(th) January 2012 (the "Share Purchase").

Following the Share Purchase, Mr. Neville owns a total of 10,000 Ordinary Shares (representing 0.006 per cent. of the issued share capital of the Company). In addition, Mr. Neville has an option over 38,700 Ordinary Shares, at an exercise price of 95p.

[matt] 11/1/2012 15:28

RNS Number : 3686V

Mytrah Energy Ltd

11 January 2012
Press Release
Mytrah Energy Limited

("Mytrah Energy" or the "Company")

The Company was informed on 10th January 2012 that Mr Russell Walls, a non-executive director of the Company, purchased 10,000 £1 ordinary shares in the Company ("Ordinary Shares"), at an average price of 89.79 pence per Ordinary Share, on 10th January 2012 (the "Share Purchase").

Following the Share Purchase, Mr. Walls owns a total of 10,000 Ordinary Shares (representing 0.006 per cent. of the issued share capital of the Company). In addition, Mr. Walls has an option over 38,700 Ordinary Shares, at an exercise price of 95p.

For further information please visit www.mytrah.com or contact:

[matt] 05/1/2012 13:57

Feels like a gamble. Not much information around, a thin market and therefore dramatic moves on little volume.

[eddie1980] 05/1/2012 12:34

How low can this go? Given the performance of other Indian energy companies, and uncertainty regarding financing for MYT, I suspect that this has a way to go.

[mathisvale] 27/12/2011 10:32

Ravi Kailas already has 94m shares and he has just got 9m options at 115p.

I feel ambivalent about this. He is using his position to line his own pocket, BUT he has an enormous incentive to see that MYT shares rise a lot higher than 115p

[matt] 23/12/2011 08:12

They've just granted a director 9 million share options at 115p! There are only 163,636,000 currently in issue.

[matt] 19/12/2011 19:40

Hard to figure this one out. Comparing the work programme in the recent RNS to what I read in SCSW there seems a slight slippage. The bigger question will be them proving they can fund the expansion.

[eddie1980] 19/12/2011 16:50

I am surprised this has not gone lower given the perfomance of other listed Indian power companies.

[matt] 25/11/2011 10:17

Something up. The steady rise continues in a bear market.

[matt] 23/11/2011 12:28

In the midst of this week's sea of red there is suddenly a little life in this stock. Any news out there?

[mathisvale] 07/11/2011 11:24

I have read Mr Schneider's bearish argument. Normally I would agree with him, but in this particular case I don't for the following reasons :-

1. Although MYT is not a tried and tested co. its chief exec, Ravi Kailas is a seasoned entrepreneur and he has put together a knowledgeable team.
2. The site development time and costs will be less than, say, a coal fired power station as with OPG, or a hydropower station as with Greenko.
3. The running costs will be a LOT less as there are NO fuel costs and fewer site staff required.
4. This is an environmentally friendly business, ie lots of encouraging incentives from the government.
5. I think that there will be little problem raising finance once the potential becomes clear. Greenko had no problem getting finance from GE for its wind power business and GE know the power business.
6. There is a huge demand for energy in India that won't be satisfied for a decade.
7. This high income, low cost business should create cash at a staggering rate. In fact it should be good enough to finance all development after the first 2 years of production

This business has the potential to be an enormous cash cow.

[matt] 31/10/2011 20:57

rathkum - not sure that's made much impact either way on this stock. I'm sure anyone is following it in either direction.

[rathkum] 31/10/2011 11:46

6 Overvalued stocks

[matt] 27/9/2011 14:55

ReNew Wind Power Gets $201 Million Goldman Investment

By ERIC YEP OF DOW JONES NEWSWIRES

MUMBAI (Dow Jones)--ReNew Wind Power Pvt. Ltd., a company set up by former Suzlon Energy Ltd. Chief Operating Officer Sumant Sinha, said Monday Goldman Sachs Group Inc. will invest up to 10 billion rupees ($201 million) in the wind power producer.

The investment highlights the interest of global majors in renewable energy projects in India where the government is promoting the sector by providing fiscal incentives including tax concessions.

The country has an installed renewable power generation capacity of 20 gigawatt, and the federal minister for renewable energy, Farooq Abdullah, said earlier this month India would require $100 billion to add 50 GW of renewable energy capacity by 2020.

ReNew said it plans to set up 200-300 megawatt of wind-based power capacity every year and have 1,000 MW of capacity by 2015.

ReNew is currently developing a 25 MW wind farm in the western state of Gujarat and a 60 MW farm in neighboring Maharashtra.

It has signed business framework agreements with Kenersys GmBH, Regen Powertech Pvt. and Suzlon to set up wind farms in India.

India has the world's fifth-highest installed wind-based power capacity. Wind energy has been the fastest growing form of renewable energy in the country and currently accounts for about 8% of India's total power generation capacity.

Investments in India's wind energy sector have averaged more than $3 billion a year in 2009 and 2010, according to data from renewable energy consultancy Energy Alternatives India.

[matt] 27/9/2011 14:53

Goldman Sachs​ to buy majority stake in ReNew Wind Power

Considering volatile market conditions, investment by Goldman Sachs puts ReNew Wind Power in a comfortable position, compared with other renewable energy firms, said ReNew's founder Sumant Sinha

Mumbai: Goldman Sachs Group Inc. agreed to buy a majority stake in ReNew Wind Power Pvt. Ltd for Rs. 1,000 crore, extending the US investment bank's bets on renewable power projects.

ReNew Wind Power plans to have 1,000 megawatts (MW) of wind-generation capacity by 2015, the companies said on Monday in an emailed statement.

The Mumbai-based power producer, founded by Sumant Sinha, a former chief operating officer of Suzlon Energy Ltd, India's largest wind-turbine maker, expects to have its first 85MW operating by June. Of this, 60MW is in Maharashtra and the rest in Gujarat.

"We plan to add 200-300MW every year till 2015 through greenfield projects and opportunistic acquisitions," Sinha said.

India's installed wind-power capacity by the end of August is 15,255MW, official data shows. India is planning to add 2,400MW during the fiscal year to March; 266MW was added by end of August, data shows.

A Goldman Sachs spokeswoman declined to comment on Monday's announcement. The investment bank has so far invested $1.5 billion globally in various renewable power companies.

Considering volatile market conditions, investment by Goldman Sachs puts ReNew Wind Power in a comfortable position, compared with other renewable energy firms as every one is scrambling to raise equity for projects, Sinha said.

Mytrah Energy Ltd, a wind-farm developer that has announced India's largest turbine orders, sold Rs. 350 crore in preferred shares to fund its expansion, the company said on 20 June.

The investment by Goldman Sachs in ReNew Wind Power is one of the best things that can happen to wind power generation sector in India, which is poised for second phase of growth, according to R. Chandrashekhar, chief executive officer of IT Power India Pvt. Ltd, a consulting firm in renewable and climate change sector.

It will provide confidence to other global investors to invest in India's wind-power generation sector, Chandrashekhar said.

ReNew Wind Power has signed agreements with Suzlon, Germany's Kenersys GmbH and Regen Powertech Pvt. Ltd to build and operate wind farms in India, it said in a statement.

Goldman Sachs has invested more than $2 billion through private equity and its own funds in India since 2006, the statement added. The recipients included vehicle maker Mahindra and Mahindra Ltd and TVS Logistics.

[matt] 23/9/2011 17:07

From the old thread:
chaka - 10 Aug'11 - 10:22 - 2 of 3

Mirabaud Summary
Powered Up

Caparo Energy has signed fixed cost, fixed term contracts for 3GW of wind capacity. With deliveries of 500MW by March 2012, this will make it one of India's leading IPPs. With a weighted average cost of US$1.16/MW, it has secured possibly the lowest new-build cost in the market and, as these are turn-key contracts, this ensures the most efficient use of capital.
Contracts in Place for 3GW

In addition to the terms for the delivery of 1GW from Suzlon, Caparo Energy has recently secured land leases for 3GW and has signed another wind turbine supply deal from Gamesa for 2GW for delivery by the end of 2016.
Deliveries Ahead of Schedule & Funded for 700MW

Caparo Energy is already generating and selling electricity and, contractually, it should have 500MW turning in the ground by March 2012. The Company has also successfully raised US$112m of mezzanine finance - without any dilution to existing shareholders. The Company is now financed for a total of 700MW. This should generate cashflows of US$95m+ per annum, which should fund organic growth of up to 2.2GW by December 2016.

Raising Price Target from 184p for 1GW to 284p for 2.2GW

2.2GW values the Company at US$884m (£553m) and 284p/share. At US$0.3m/MW, this is low and EV/Capacity multiples suggest a higher valuation than the price target. Our recommendation is also underwritten by earnings multiples and the Company should be re-rated as more capacity comes on-stream. BUY.

(US$m)
March 2012e March 2013e March 2014e March 2015e

Capacity
500MW 1,150MW 1,450MW 1,900MW

Sales
14.2 146.8 317.5 407.0

EBITDA
11.7 137.9 306.1 384.4

Net Profit
1.4 42.5 88.3 107.0

EPS (c)
0.9 26.0 53.9 65.3

P/E
nmf 7.1x 3.4x 2.8x

EV/EBITDA
nmf 9.7x 5.3x 5.2x

EV/Cap.
US$1.5/MW US$1.2/MW US$1.1/MW US$1.0/MW

[matt] 23/9/2011 17:06

Caparo Energy
SPECULATIVE BUY


24/08/2011 Robert Tyerman

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Determined to cash in on India's hunger for electricity is Ravi Kailas, head of AIM-quoted wind power play Caparo Energy (CEL).

The company, which came to AIM last autumn with a £50.2m placing at 115p, has raised £70m in mezzanine finance in India for wind power projects in that country and targets 5,000 megawatts of capacity by 2016.

Based in Hyderabad, India, and registered in Guernsey, Caparo, which is poised to change its name to Mytrah (approximately meaning 'energy source'), is so far funded for 700 megawatts of capacity, most to be delivered by major turbine-maker Suzlon.

Entrepreneur Kailas, who founded and runs the company as chairman and chief executive, argues that cash flow from operating power stations will pay for most of the rest, pointing out that India's climate enables wind power generators to operate predictably for eight months a year.

Commissioning has started on a 100-megawatt project in the state of Rajasthan, and analysts at house broker Mirabaud suggest 700 megawatts should generate annual cash flow of more than $95m (£60m), enough to fund more than 2,000 megawatts organically in five years.

Kailas says India's tax regime favours capital spending on power sources, with more benefits for 'green' sources, while Delhi's rules now permit pricing freedom as well as potentially lucrative trading in renewable energy certificates and foreign ownership.

Angad Paul, son of Lord Paul, who created the Caparo Group industrial conglomerate, was until recently chairman of Caparo Energy/Myrtah, in which he still has a stake. The company lost £441,000 in the six months to September, but Mirabaud suggests that likely losses of £1.25m for the year to last March could turn into pre-tax profits of nearly £900,000 for 2011-12 before soaring to £31m the following year and almost £70m the year after.

Caparo's tightly held shares have fallen to 86p since flotation. But, if Kailas's ambitious strategy looks like bearing fruit, they could start to make significant gains before too long.

[eddie1980] 13/9/2011 16:45

yep, your right - I had read in an earlier annoucement about the 69 and assumed they were talking by year end.

In which case, will be interesting to see interims (and when exactly the 69 came online.) for income and margins generated by the

The company is a similar growth story to other Indian energy companies, but without the input costs risks (as power stations fuelled by coal)

I recall from OPG that they stated it cost approx £1m per MW to construct. Well from growth here, it seems that this is less than that, and I assume, 1 MW of power is 1 MW no matter how its produced. So therefore, without fuel input costs, this should have a much greater profit per MW and therefore much greater cash inflow. Obviously this looks like it is going to get blown on capacity given 7000MW target, but at some point it is going to be one hell of a cash cow.

[matt] 13/9/2011 13:58

I think you'll find the results were for the period ending 03/11. The first farms came online after this time.

[eddie1980] 13/9/2011 13:46

oops. drop is just the spread. about a total of 5,000 shares traded so the whole thing is pretty under the radar.