Novera Energy Share Discussion Threads

[gac100] 02/4/2008 08:53

See we're above 90p now and looking interesting again with the latest development.

[robson1974] 28/3/2008 16:36

Tudor Capital add a bit

[robson1974] 27/3/2008 16:48

trading above 90p

[robson1974] 21/3/2008 17:58

I reckon Infinis have this wrapped up now. At best novera management might be able to get another 10-25% out of them. But if 3i had acted quicker and more aggressively we could have had an auction taking us to 140.

[gac100] 20/3/2008 16:47

34,877,283 (28.1%) now!

Infinis on a roll

3i watching from the sidelines for the moment

How about a new suitor to appear on the scene ... would love to see one of the big utilities (SSE perhaps) express an interest

[gac100] 19/3/2008 13:01

Following a further buy of 11,941,924 at 90p ...

Infinis now have: 29,145,000 (23.5%)

[robson1974] 18/3/2008 21:03

Very interesting.

3i have 10%
Infinis have 13%

KBC Peel Hunt saying the company is worth 149p on sum of the parts basis.

Either one of the parties is going to have to pay up to get full control or one of them leaves with tail between their legs but a nice financial turn. One would think Infinis being a strategic purchaser could pay more... or will another purchaser come in and trump both? A big utility could afford to pay considerably more.

[gac100] 18/3/2008 09:33

Infinis buy (yesterday): 17,103,076 (13.8%) at 90p

[asparks] 18/3/2008 08:52

energi - get some decent charts in the header. All your threads have these hopeless charts. (Thanks)

[gac100] 18/3/2008 08:47

Well, the results aren't actually that interesting - but the intrigue continues!

[robson1974] 17/3/2008 21:20

Well clearly Infinis wanted Novera thus they bid on Feb 18th. One could speculate they couldn't get Novera to talk so they decided to go round it the other way and start acting bolshy about a few small contractual details such as change of control provisions. 3i clearly foresaw that their offer was a lowball one and took the insurance of buying 10% in the market. Today has seen volume of 12m shares so either they sold out / or they bought more / or Infinis bought / or some other strategic investor is buying in / some hedge funds reckon they can make a bit of money by buying at 86-90p and then sell out at above the original 90p offer.

[robson1974] 29/2/2008 21:44

Infinis tried to gatecrash the Biffa bid with Suez. They failed. However if Infinis were indeed trying to get Biffa's LFG operations then it makes you wonder whether they may also take a tilt at Novera seeing as it now appears to be 'in play'

[gac100] 23/2/2008 18:53

Meanwhile Novera continues to implement its windfarms expansion:

"Windfarm anger
Published on 23/02/2008


WEST Cumbrian residents are still angry at plans for a proposed windfarm at Dearham despite developers revising the plans.

Five, 106m turbines will be erected on the newly-named Fleeter Wood site if planning permission is granted ..."

I was very impressed with how NVE handled the planning process and anti-Lissett Airfield windfarm lobby last year, and with that experience they're well-placed to advance their other sites.

[gac100] 20/2/2008 23:42

timbo003, thanks, yes that makes more sense for the 100,000 share sale.

robson1974, interesting that Trafalgar have bought as high as 90.15.

Early days yet, but wouldn't it be nice if there's another suitor or two for NVE waiting in the wings ...

[timbo003] 20/2/2008 10:37

Hi Gac

I suspect it was a 100,000 share sale by a PI who happens to use Rathbones as their stockbroker, rather than Rathbones selling per se

[gac100] 20/2/2008 10:29

Further sale (100,000) by Rathbones. I haven't been following trading at a micro level, but my impression is that Rathbones and a lot of little guy PIs are happy to supply the market at the current price. Anyone else reading it like that?

[robson1974] 18/2/2008 19:04

Very very interesting. 3i would not be so aggressive if they thought they had it in the bag already. It will not make much difference to their IRR if they pay 10-20% more for it now over a 3-5 year period. It will make a big difference to arb traders or the institutions involved so expect the negotiation to take place in the market and the share price to be pushed above 90p. see STAR Energy for a recent example of Petronas who owned 29% being made to pay up.