Share Name Share Symbol Market Type Share ISIN Share Description
Mytrah Energy LSE:MYT London Ordinary Share GG00B64BJ143 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 24.00p 23.00p 25.00p - - - 102 06:31:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 293.3 -4.5 -2.0 - 39.26

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Date Time Title Posts
25/10/201710:01Mytrah Energy - Indian Wind Farms268

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DateSubject
18/11/2017
08:20
Mytrah Energy Daily Update: Mytrah Energy is listed in the Industrial Engineering sector of the London Stock Exchange with ticker MYT. The last closing price for Mytrah Energy was 24p.
Mytrah Energy has a 4 week average price of 19p and a 12 week average price of 19p.
The 1 year high share price is 48.75p while the 1 year low share price is currently 19p.
There are currently 163,591,538 shares in issue and the average daily traded volume is 26,198 shares. The market capitalisation of Mytrah Energy is £39,261,969.12.
10/10/2017
13:37
eddie1980: The point on transferring day to day running, is that simply I can't understand how the chairman would be able to get authorized a transfer once outside the operational part of the business, it simply shouldn't be possible. (unless, of course it was authorised by the CEO.) The market may misunderstand the entity but i'm not sure (small) profits will help - it simply has no market here. Yes, the share price will get chased up quickly if it looks profitable, but watch it move on about 1 million share buys (i.e. £300k) - the value of the business doesn't genuinely change on that level of buys or sells. With the level of investment in power each year (800MW), the company wont report profits, but as long as cash returns are surpassing targets on active installations, the company is meeting its objectives. A secondary / new listing will be about raising some funds (they themselves always talk that new investments/sites should be 25% equity/75% debt) but that certainly isn't the case to date. But it will also be about finding a valuation level for the business. Placing say 20% of the business (say reducing the family holding down to around 50%) would allow the market to place a more realistic value on the business, as there would be a bigger free float. One thing for sure, any new equity funds raised wouldn't be at the valuation today, it would be multiples. In my eyes, this share is all about them seeking market value that way. Simply won't happen just listed here and trying to value on standard price/earnings metrics. The only thing I have found is that the business is very leaky in information flows - not in a bad way, but the press talk about funding, investments etc, long before actually announced by the entity. The IPO talk has been about a good while too, and now there are interviews accrediting the CEO with this talk. Mytrah even link to articles on their (new and improved!) website of such talk. So, one way or another, there will be activity within the next year or so to seek a way to raise money/find a higher valuation in the marketplace.
10/10/2017
08:34
hounddog10: Eddie. The CEO is his nephew. I too am surprised by Ravi. He is a Stanford MBA and very experienced. As you say it is very confusing that they talk about an IPO. Over time I have come to understand it is, as you say, the Indian subsidiary. They could do a straight introduction without a placing. They don’t really need much equity. The problem with the share price derives from a lack of profits. As you say it is all about cash but I don’t think the AIM market really understands this type of company. Once they show a profit - should be for this year - it should rerate.
10/10/2017
08:16
eddie1980: Must admit, am suprised by this. One, Ravi, (the founder), handed the day to day reins to (name blank!!) the CEO many years ago - I really struggle to understand how he could extract such monies like this. Surely there are controls in place. On the positive, shows good governance to identify and notify, and it should be repaid shortly. Was only ever going to be damaging to share price short term. My worry with companies such as these, where the vast majority (70%+) are held by the founders and family, is that they can delist so easily. Clearly, with no market for the shares in the UK, the 'market' value of the shares is not realistic, and any buyer looking for significant stake or takeover would not be able to purchase significant quantities at these levels. Must still be very depressing to see the group valued at basically nothing. Shareholder returns - they do not focus on shareholder returns - for them its cash returns. Once the make the significant investment in the infrastructure assets, its all about the cash it generates, being a suficient return over the costs of such assets (typically the debt cost). This is why they have been able to achieve debt levels way above a normal trading company - the cash is just invested in long term infrastructure assets which generate cash. Not disimilar to pension funds investing in toll bridges or roads - just interested in the cash returns.. The profits will come to Mytrah on economies of scale, efficiences gained through learning re the technologies, and track record, securing lower interest rates on their borrowings. The CEO is now performing interviews where he talks of a possible 'IPO' next year - strange as they are already listed. But this presumably will be a significant placing of their existing shares, or new shares at presumably a better valuation onto an Indian stock exchange. I have seen other overseas companies end up with a split listing, where a trading subsidiary is listed on the local exchange, with the head company maintaining the UK listing (in truth this just ends up with the UK entity being valued as whatever their share of the trading subsidiary is.) Not quite sure how this would work in Mytrahs case, as the trading assets are split in separate entities (which they call special purpose vehicles)
05/10/2016
07:51
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.com/Companies/91mf3x8zuJCtswI0nD6xIJ/Mytrah-close-to-raising-Rs800-crore-from-Piramal-SFG.html
26/9/2016
14:27
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?
21/8/2012
07:59
eddie1980: I really don't think that the current share price is related to the entities performance - it moves 5% on 7000 shares. I bought another small amount at 52.5 around 2 weeks ago. They achieved their (debt) funding requirements, which was quite an achievement, have agreed large, long term agreements with suppliers for the turbines, we have had recent price increases which I assume were not factored into their feasibility calcs at outset (I certainly hope they weren't), and they actually managed to roll out production at an impressive rate (albeit slightly behind their stated ambition.) John - relatively quiet on the board. Same people gushing their praise from 30-50p then they disappear. assume just enjoying the range and trading it.
15/3/2012
10:21
johncsimpson: My first post here but I do post elsewhere on ADVFN. I trade and use charts so fundamentals come a distant second in most of my calculations but there are all sorts of other things that can affect a share price. I can't bring too much to the party but I follow a number of tip sheets so most of my initial stock selection comes from these. With that in mind I can offer the following from one of them, slightly edited (grammatically but not numbers wise): . . . We learn this week that Indian wind farm developer, MYTRAH (MYT), already has 140MW of power generation installed and connected to the grid. It also has further projects under way that should take this to 500MW. A further 110 MW is to be fully installed and connected by the end of March 2012 to take the total to 250MW followed by another 150 MW by the end of May. With 100MW anticipated by the end of June, that will make 500 MW and mean that Mytrah is progressing according to schedule. With project delays the biggest threat to Mytrah, this evidence of progress is encouraging and no doubt explains why Mytrah's directors have been in the market buying shares recently. Mytrah is aiming to have 5 GW of wind power generating capacity by 2017, making it one of the largest in the country . . . . A bit of checking shows that the number of trades on any given day varies enormously. My charts show the share price has had a good run since early January though my 'preferred indicators' look like they are about to roll over suggesting it's not a good time for me to buy in. I'll monitor until I get a feel for things . . .
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