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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Renewable Eng. (See LSE:WIND) | RWE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 65.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 65.00 | 65.00 |
| Top Posts |
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Posted at 05/9/2021 08:24 by pugugly 1st update for 10 yearsSP still appears to be below price when this thread started but up some 200% since the low in 2016 Future prospects? Very ESG but will it make money for potential shareholders? e&oe. |
Posted at 09/11/2009 09:45 by dynamic2005 This seems to have stayed below the radar for investors in this sector even after selling the Canadian operations for more than the total value of the company.......i.e. £72m deal with £69m already received and market cap still only £68m........a debt free company with net cash increase of of £50m......and other assets in a sector in demand.......and yet share price struggles to moe forward even after good press 4 weeks ago... "Date: Sunday 11 Oct 2009 LONDON (ShareCast) - Brokers estimate that the farms that wind farm operator Renewable Energy Generation already runs are worth £30m while those it intends to construct in the next few months are valued, even now, at about £13m. Add in the £50m-of cash that the company will have once the Canadian sale is completed and REG is worth some £93m, even without ascribing any value to the oil business or the sites for which REG hopes to receive planning permission. Today, REG shares are trading at 60p, making the company worth £60m on the stock market. The shares are undervalued. Buy says the Mail on Sunday." Hoping the (edit) results on 19th November will be the catalyst to move this closer to £1 which would imho be a more realistic valuation of assets and prospects. Good luck. |
Posted at 13/10/2009 18:05 by dynamic2005 asparks....looked at both and liked the multi-coverage through RWE & REH.....think they both have significant upside but not yet sure which one will deliver greater long-term value.......I am investor rather than a trader so can ride both of these for some years if necessary to maxmise value. Good luck. |
Posted at 13/10/2009 15:37 by dynamic2005 Invested today @ 69.5......hoping to see the momentum continue and carry this back up towards a £1 in the coming weeks/months.....goo |
Posted at 20/4/2009 10:09 by mdchand I suspect that our green budget on wednesday will involve price distortions / govt subsidies of some sort to make wind farms far more attractive to developers / investors. I wonder if the people stalking the company are also keeping half an eye on the budget. Favourable budget, bid more likely. Unfavourable budget, walk away. Worth keeping an eye on Novera as well re wind farm angle. |
Posted at 10/10/2008 19:29 by praipus Become a dividend investor! |
Posted at 29/10/2007 22:19 by praipus FT REPORT - FUND MANAGEMENT: 'Wall of money' set to flow into Asian renewable energyBy William Barnes, Financial Times Published: Oct 29, 2007 Green investors, pension funds and private equity managers have a "wall of money" poised to flow into renewable energy ventures in Asia where demand for energy is growing exponentially, say observers. Investable opportunities may remain frustratingly elusive but the sector could soon explode into life. Few doubt that sustainable energy in Asia could be lucrative, offer acceptably safe returns and be environmentally appealing with energy consumption in the region currently rising at almost 30 per cent a year - if regional authorities were not so focused on typically cheaper traditional fossil fuels. "We are kind of stuck at the moment. We've got quite high-risk capital coming in but not much in the way of investment one step up from that," says Melissa Brown, executive director of the Association for Sustainable and Responsible Investment in Asia. "It's the classic Asian dilemma: immense potential but you don't know when you are going to get the commercial structures to make it work," adds Ms Brown. Biofuel has fallen out of fashion, with controversy raging over its efficiency and its potential to damage food supplies. Some Asian governments, notably India and Thailand, have already said they want no food crops diverted into biofuels. In Europe, wind and solar power as well as biomass generators have flourished because government targets, such as the European Union's goal that 20 per cent of all energy should come from renewable sources by 2020, have created opportunities. Asia's high-stakes energy scramble has a decidedly more hard-nosed, mercantilist edge with the energy demands of the big emerging economies needing immediate solutions. Biomass and mini power plants have been shunned by state energy companies. Many green funds have merely been able to screen for "bad" companies. The Henderson Industry of the Future fund invests in Chinese solar cell manufacturers such as Suntech Power and JA Solaralthough Chinese solar panels are almost invariably shipped overseas. It also invests in wind turbine makers that now trade on high price/earnings ratios, such as China High-Speed which makes windmill gears. The stasis in renewables investment would not last forever, said Tim Dieppe, manager of Henderson's Future fund. Investment in renewables climbed to more than $100bn in 2006 from $80bn in 2005, according to the recent United Nations Environment Programme report . Just 2 per cent of current global power generation comes from renewable sources but it takes 18 per cent of new investment. The US and the EU account for 70 per cent of new investment but Asia is "growing quickly", with China taking 9 per cent, mostly in wind and biomass, the report says. "Asian governments can learn from Europe. If national grids will guarantee to take energy from a renewable plant for 25 years, all of a sudden you have a project that, tied with others, will interest a pension fund looking for a safe, decent yield. In the end it comes down to risk and return," says Ben Warren, a director in consultancy Ernst & Young's renewables team. Global investment in renewable energy will increase sevenfold over the next decade to more than $750bn, the consultancy calculated recently. China's oil and gas investments in 50 countries clearly signal its worries over its ability to fuel an economic growth rate taking it towards mass car and air-conditioner ownership. China now has a target of 10 per cent renewable energy by 2020 and India (quickly acquiring similar problems) has a target of 10 per cent by 2012. "Every country will do it differently but the combination of pressures is going to produce something important. Three or four years ago there wasn't much investor interest. Now there's a lot," says Eric Usher, head of the UNEP's Renewable Energy and Finance Unit . A score of big private equity funds are actively searching for renewable and clean technology opportunities in Asia, according to the New Energy Finance newsletter. Elsewhere, the Asia-Pacific Carbon Fund , backed by the Asian Development Bank closed at over $150m this summer. The Peony Fund is promoting clean technology in China with $100m in seed money from Bill and Melinda Gates. Man Investments has raised more than $300m for its China Methane Recovery fund . Fund managers should avoid "technology traps", the one technology solution, says Mark Campanale, a pioneer of sustainable investment analysis and a director of London Bridge Capital. "Wind turbines might work better in tandem with storage devices to release energy at peak demand," he suggests. Mr Campanale says current moves in Asia do not add up to a managed fund explosion, but something is afoot. |
Posted at 06/3/2006 15:00 by qazwsx123 RNS Number:tt3085Z6th March 2006 RENEWABLE ENERGY GENERATION LIMITED Un-audited Interim Results for the Period Ending 31st December 2005 Statement by Mike Liston Chairman Renewable Energy Generation Limited ("REG") has delivered a strong performance over the period. Following its initial fund raising of #25m REG has invested in three renewable energy projects providing a strong foundation for growth over the next three years. A further £30m of new equity raised, much of it from existing shareholders, provides REG with sufficient resources to fund investment in its current portfolio of wind projects, whilst allowing it to exploit further opportunities. In summary:- i) Total net profit for period £496,277. ii) Diluted earnings per share 1.44p. iii) Interim dividend declared per share 1.00p. iv) Acquisition for £4.5m of the Goonhilly Downs Wind Farm in Cornwall, from private vendors. v) Non-equity investment of £7.9m in Poland's largest wind farm at Tymien, which is nearing completion. vi) Acquisition for £4m of 24 wind projects across the UK from NPower Renewables, part of RWE. vii) Establishment of CLP Wind Projects based in St Austell to develop REG's UK assets. viii) Convening of EGM of Company's shareholders in order to put a recommended proposal before shareholders to reduce REG's share premium account. Headline figures 2005 £ Revenue from continuing operations 263,014 --------- Total revenue for the period 263,014 --------- Gross loss from continuing operations (137,111) Gross margin from continuing operations (52.1%) ========= EBITDA (loss from continuing operations before finance costs, tax, depreciation and amortisation) (18,524) --------- Net profit from continuing operations 496,277 --------- Total net profit for the period 496,277 --------- Average monthly number of employees 0 --------- Earnings per share basic, for profit for the period attributable to 1.55p ordinary equity holders of the parent --------- diluted, for profit for the period attributable to 1.44p ordinary equity holders of the parent --------- Debt ratio (total liabilities/total assets) 0.13 --------- To monitor financial performance over the medium-term, REG focuses on earnings per share. REG's aim remains to provide increasing returns for its shareholders through earnings per share and sustainable dividend growth. Dividend and reduction in share premium account The Board is announcing an interim dividend of 1p per share. The Board is committed to paying a dividend for the full year of 4p per Ordinary share. This will require the passing of a resolution at an Extraordinary General Meeting ("EGM") of the Company's shareholders to reduce REG's share premium account thus establishing a distributable reserve. As outlined at the time of the Company's launch and subsequent fundraising, REG's distributable reserves will likely prove insufficient to facilitate the payment of a dividend of 4p in this its first financial year. Notice of the EGM will be included with the Interimm Statement due to be sent to shareholders on the 15 March 2006. In accordance with the requirements of IAS 10, the interim dividend has not been recognised as a liability in the un-audited interim consolidated financial statements at 31 December 2005. Renewable Energy Generation's objectives and strategy REG is a renewable energy company which aims to plan, build and construct a portfolio of mainly wind generation projects, diversified by technology, geographical location and income stream. REG's shareholders benefit from the rising value of renewable energy created by the World's commitment to a low carbon future. REG invests in projects which are capable of providing returns which exceed the Company's cost of capital by a margin higher than that necessary to accommodate risk. REG aims for its investments to provide increasing returns to its shareholders through earnings-driven dividend growth. REG has a strong team based in the UK and in its domestic market is committed to investment in projects at all stages of development. In overseas markets which may carry a higher level of risk, REG's policy is to partner with strong local and international companies that can oversee the planning, construction and operation of renewable energy projects on REG's behalf. A good example of this is the Tymien project in Poland. REG benefits from the experience of its Manager, REG Power Management. This consolidates the experience of The Probyn Group of Canada and Premier Asset Management and Pure Energy Professionals both based in the UK. Corporate activity REG completed three transactions over the period. These were: The Cornwall Light & Power Co. Limited ("CLP") REG bought CLP in June 2005. CLP owns the Goonhilly Downs wind farm on the Lizard Peninsula in Cornwall. The project is mature and consists of 14 Vestas 34 machines each of 400KW output, making a total project capacity of 5.6MW. The project is situated on one of the better wind sites in the UK and has the potential, should all of the necessary consents be forthcoming, to be repowered for increased production capacity. This would substantially increase an already acceptable return from the project. Subsequent to purchasing CLP, the REG management team put in place a two and a half year power purchase agreement ("PPA") for the project. Under this agreement, power from the site, including climate change levy exemption certificates and peak demand benefits but excluding any renewable obligation certificates ("ROCs"), are sold to Smartest Energy under fixed terms. REG will sell the ROCs produced by Goonhilly into the marketplace on a spot basis. The PPA commenced on 1 October 2005 and runs to the end of March 2008. Tymien - Poland Tymien, located approximately 5 km from the Baltic Coast, has a renewable generation capacity of 50 MW and is Poland's largest wind project to date. It has been developed by EEZ Sp. Z o.o. ("EEZ") of Poland and is expected to begin commercial production in the spring of 2006. The project is ahead of schedule and has already sent its first power to the Polish grid. Tymien will utilise 25 Vestas V80 2MW turbines, which have a proven track record of production. REG has its investment in Tymien with Invenergy Wind, a highly regarded power developer. Under the agreement with Invenergy Wind, REG is entitled to share in the returns received from the investment in EEZ until a 15% target Internal Rate of Return has been achieved, following which REG will receive an ongoing residual cash return. This investment will be in-line with REG's policy of investing in EU accession countries where it believes there is selective potential for more attractive returns than in mainstream EU countries. In addition, through its agreement with Invenergy Wind, REG will have the potential to invest in other wind projects in Poland, which are anticipated to constitute approximately 140 MW. CLP Wind Projects In September REG purchased 24 potential wind projects in the UK from NPower Renewables Limited, a wholly owned subsidiary of The RWE Group of the UK. The total portfolio exceeds 75MW and the assets are spread throughout England and Wales. The projects comprise distributed or 'embedded' generation in rural locations, typically utilising 2 or 3 modern turbines. This approach is directly in line with the government's aim to make electricity supply less dependent upon centralised large power stations. By generating closer to the end-user, power losses in overhead lines are reduced and greater value is gained per unit of generation. In addition, a more diverse national power supply is created. Each project should typically produce enough electricity to meet the annual needs of several thousand people in the surrounding area. The portfolio contains projects at various stages of planning consent. A number have already gained planning consent, and the majority are well advanced in the process. REG intends to commence construction on the consented sites as soon as is practicable. Each of the projects should enjoy a well above average wind resource and hence, REG believes, can generate electricity very competitively over the next two decades making a positive contribution to the UK's requirement for environmentally sound energy production. Outlook REG remains focussed on enhancing and creating value for its shareholders from investing in renewables projects that offer sustained returns above REG's cost of capital. The environment for renewables is accommodating and the Company has the financial resources to develop its existing portfolio whilst seeking new opportunities to invest capital. Our challenge is to consolidate the projects that we have bought, particularly CLP Wind Projects, and this, together with completion of the Tymien project, is likely to be the main driver of REG's earnings growth over the next two years. Investor Timetable for 2006 15 March Shares ex dividend for interim dividend 15 March Interim report sent to shareholders with EGM resolution 17 March Record date for interim dividend 31 March Final date for return of special resolution 03 April EGM 07 April Interim dividend sent to shareholders Please follow link to read the full Un-audited interim consolidated results for the period ending 31 December 2005. |
Posted at 02/3/2006 11:34 by qazwsx123 RNS Number:1615ZRenewable Energy Generation Ltd - Notice of Results 2nd March 2006 Notification of Interim Results Announcement Renewable Energy Generation Limited, an investor in renewable energy generation projects, will announce its interim results for the half year ending 31st December 2005 on 6th March 2006. |
Posted at 08/2/2006 09:37 by qazwsx123 It is also a credit to the Company and Institutional investors confidence in their prospects, they were able to raise £30m in a Placing last November, just six months after they were listed on AIM; when they originally raised a lessor amount of £25m. Notably also, the Placing in November had no negative effect of the actual share price.As I said in the header, the demand for wind power is growing, and such projects are said to be comparatively low risk, sustainable, and have the potential to rapidly generate revenues once they come on stream. |
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