Renewable Energy Share Discussion Threads

[visionon] 20/12/2014 12:30

21 trader. you say that "CWE stake covers the debt".

How so ?

p.40 of REH's 2013 accounts - £5.226m borrowings including interest. Previous year £3.663m.

there are two loans.

2009 corporate loan of £2.5m accruing 10% interest pa
2013 loan of £1.75m, increased Sep 2013 to £3.25m and now recently to 4.25m

Adding those two loans gives £6.75m. To which presumably needs to be added interest over the periods. I'm not sure if interest is rolled up and included in the 2nd loan revisions but even if it is then the total owed including interest on the two loans would look to be north of £6.75m. To which the Howard Evans loan of £500,000 has also to be added (repayment on gaining Welsh permission).

REH shareholding in CWE is 101m shares at current value c£3.2m - so dwarfed by the total of the loans.

On the plus side p.50 of the accounts shows Poland at £3.831m classified as an asset held for sale. If that figure is achieved then it might start to bring the overall loans total down to a figure nearer the CWE stake.

So to qualify your comment - CWE stake covers a part of the debt. Or is that what you meant ?

Hopefully some Polish news on the horizon and then the Mid- Wales planning inquiry (I think 5 or 6 schemes all being heard together but excluding REH's) should be determined in early 2015. To me that seems quite key because it includes a couple of developments near to REH's and of course there is no grid connection yet for REH's scheme. Doing some quick google research there appears to be a National Grid project out for consultation but the supporting info seems to suggest 2018/19. So I'm assuming that if REH get consent next November 2015 then value is still dependent on a grid connection coming in 2018/9. I guess a purchase would want to a) know it is certain in terms of grid connection, and b) want to adjust the price for a 3/4 year wait less construction time.

I guess that the CWE stake should grow 2015-2018 as the CETO5 proves itself and CETO6 comes on stream and maybe someone will want to take out CWE's stake in around 2016 at a tempting enough price.

In summary the next 12mths does look interesting but I think there are a lot of uncertainties over Wales - and that is what can bring NAV properly into positive territory (rather than just on paper). We have an election next May…just to throw something else into the pot !

supernumerary - any views ? have i interpreted the accounts correctly ?

[jojo_jo] 19/12/2014 15:38

COO buying shares!?

Perhaps negotiations to sell Polish asset are nearing a positive outcome.

That would see this multibag in a day!

Very good news either way.

IMPO DYOR NAI
Jo

[21trader] 19/12/2014 09:03

It's a winner just not in a day.

CWE stake covers the debt.

Market cap tiny. First director buying for 5 years.

Any good Rns and it will multi bag as market cap is tiny.

[the stigologist] 19/12/2014 08:27

yes RNS from REG today

shows these wind farms are still getting approved

[21trader] 19/12/2014 08:26

Is that todays news stig ?

I'm still certain director bought yesterday but he is taking his time announcing it.

[the stigologist] 19/12/2014 08:12

Renewable Energy Generation Ltd

Mynydd Portref Wind Farm

Renewable Energy Generation Limited ("REG") (AIM: WIND), the renewable energy group, today announces that Rhondda Cynon Taf Council has resolved to grant planning permission for the company's Mynydd Portref Wind Farm.
The project comprises six wind turbines with an expected installed capacity of 12MW. Formal planning permission is expected to follow shortly and subject to the expiry of the six week legal challenge period, the project is expected to enter construction in late 2015.
The wind farm is anticipated to generate around 30GWh per year, making it one of REG's most productive sites.
Andrew Whalley, REG Chief Executive Officer, said: "Mynydd Portref will be a very significant addition to our portfolio as it is extremely well placed to harness the excellent wind resource in this part of South Wales.
"It is also gratifying to achieve a resolution to grant consent at local authority level, demonstrating that well-sited wind farms can offer benefits to local communities and attract strong local support."

[hedgehog 100] 18/12/2014 18:23

"New era of cheap oil 'will destroy green revolution'

As the price of a barrel falls below $60, the long-term impact on wind, solar and hydro-power could be catastrophic for the planet

Tom Bawden Author Biography ENVIRONMENT EDITOR Friday 12 December 2014

The collapsing oil price that is reshaping the global economy could derail the green energy revolution by making renewable power sources prohibitively bad value, experts have warned.

Oil tumbled below $60 a barrel for the first time in more than five years yesterday – a fall of 44 per cent since June. It is forecast to fall further.

A new “era of cheap oil” would be good news for consumers and motorists – but analysts say the consequences for politics, industry and the climate could be even more radical.

The ripple effects could help the Conservatives to remain in power at next year’s general election by making voters feel richer as bills fall – while hurting Scotland’s oil-reliant economy and setting back its campaign for independence.

The falling prices could damage the North Sea and fledgling fracking industries and make it harder for the UK to hit its legally binding targets to cut carbon emissions. But the biggest threat posed by falling oil and gas prices – in the UK and globally – is to the renewable energy industry dominated by wind-, solar- and hydro-power, experts say.

“Renewable energy subsidies have been mostly sold to the public on the basis of the economic benefits,” said Peter Atherton, an energy analyst with Liberum Capital. “But the economic arguments hinged on the idea that fossil fuel prices would get more expensive, while expensive renewable subsidies would be able to come down over time. That’s looking doubtful now.”

Anne Robinson, director of consumer policy at the uSwitch price comparison website, said: “More subsidies are likely to be needed [for green power] as the gap between the cost of fossil fuel power and renewable power gets bigger.” The extra subsidies would be borne by households in the form of higher energy bills.

Green energy technologies such as solar and wind had been banking on sharp increases in fossil fuel prices to make them increasingly competitive and help to attract the huge amount of investment required to build renewable power plants. But that “economic case” is now in danger of being lost, with the environmental argument seen by many as being insufficient to drive through high levels of green energy investment.

The oil price has tumbled in recent months as soaring US production greatly increases supply at the same time as the global economic slowdown reduces demand.

Saudi Arabia is also playing a part by preventing the Opec group of key oil producers from propping up prices by reducing production – a move that reportedly aims to deprive Russia of much-needed income and to make it uncommercial to extract US oil reserves, which are largely contained in shale and expensive to release.

A consensus is growing that oil prices will remain low for at least the next couple of years. It is looking likely that the substantial jumps that had been forecast in the 2020s and 2030s will not materialise. ... "

[21trader] 18/12/2014 15:05

Might not need any news.

When he announces he has bought more people will buy there is little stock about
and then when it's up a bit others join the chase. PFP went from 0.2p to 1.8p
in 2 days on chasing. I could see this easily going over 2p and then after that
it's up to the chasers !

[joeblogg2] 18/12/2014 14:44

There can't be too much free float so we could move rapidly higher if we get good news!!!

[joeblogg2] 18/12/2014 14:40

My mistake Chief operating Officer not cfo a BOD nevertheless.

[21trader] 18/12/2014 14:38

Get this the last time a director bought shares in REH they paid 24p it was that long ago.

I hope he leaves the Rns until 7am tomorrow we could see 2p breached now there
is a director stakebuilding.

[joeblogg2] 18/12/2014 14:38

A CFO would not flitter his money away so must see good value here!!!

[21trader] 18/12/2014 14:30

It's a strange way to get 900k....434130, 215870 and a 250,000 :-))

I'd put my house on the 200k's are his not sure about the 50k's they are
probably monitor watchers having a punt


16 December 2014

16 December 2014

Renewable Energy Holdings plc

("REH" or the "Company")

Director's Dealing

REH received notification today that Clive Callister, Chief Operating Officer of REH, acquired 900,000 ordinary shares in the Company of 1 pence per share ("Ordinary Shares") on 16 December 2014 at a price of 1.19 pence per Ordinary Share, representing 1.29% per cent. of the issued share capital of the Company. Clive Callister previously held no Ordinary Shares.

[joeblogg2] 18/12/2014 14:28

yes me too 21t. Good to have a BOD buying and CFO as well!!

[21trader] 18/12/2014 14:23

Wow look at that I never saw that Rns they sneaked that in after the close.

Looks like this director is buying more chunks of the company right now !

[21trader] 16/12/2014 11:31

4 x 100k sales did the early buyer sell some again ?

[joeblogg2] 16/12/2014 11:29

Yes I remember rodime but missed out :(( Shares here are very tight so if we get good news then potential to get my money back and maybe make a profit.

[21trader] 16/12/2014 11:20

I always Remember Rodime with Bank of Scotland always bailing them out and supporting them for many years. There was a happy ending there with the shares
rising 40 fold from the 1p low at the peak.

Utilico must see a happy ending to support them although they have the safety
net of CWE shares to fall back on.

[21trader] 16/12/2014 10:40

wow what is going on here !

[21trader] 16/12/2014 10:27

434k buy now where did that come from :-))

[supernumerary] 15/12/2014 12:52

Too right it would, but Kobylany's been going on since at least 2008, so I wouldn't hold my breath if I were you.

[joeblogg2] 15/12/2014 12:45

Decent Polish sale would be very welcome before EOY but not sure how long discussions take.

[supernumerary] 15/12/2014 12:42

Utilico will keep propping them up as long as they keep getting paid ever-larger sums of money and have security in the form of Carnegie shares.

'All other terms remain the same other than the success fee payable to Utilico [...] which is increased by GBP0.5 million.'

I'd like to know what the Weiss fallback position is though. They must see value here somewhere, unless they're planning a pump and dump operation.

[praipus] 15/12/2014 12:26

Bank of Utilico propping us up again....until July 2015.

"Mynydd y Gwynt project, which will have a planning decision by 20 November 2015 !"

[21trader] 09/12/2014 07:42

CWE price drifting back 0.57p now from near 0.7p high must be due to profit taking.