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HEGY Helius Eng

4.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Helius Eng LSE:HEGY London Ordinary Share GB00B1GF9F36 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 4.25 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4.25 GBX

Helius Eng (HEGY) Latest News

Real-Time news about Helius Eng (London Stock Exchange): 0 recent articles

Helius Eng (HEGY) Discussions and Chat

Helius Eng Forums and Chat

Date Time Title Posts
25/1/201620:30what a start - Helius Energy2,317
10/11/201113:02what a start - Helius Energy80
26/3/201014:26Helius energy22
20/3/200710:44test - nothing interesting here1

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Helius Eng (HEGY) Most Recent Trades

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Helius Eng (HEGY) Top Chat Posts

Top Posts
Posted at 23/1/2016 12:26 by mjcrockett
I have today received a cheque (at 5.106p per share) from BDO being the liquidation payment for just part of my holding in HEGY. The cheque is made payable to Rock (Nominees) Limited and crossed A/C Payee - I don't know who Rock are but it certainly ain't me. Nothing is simple!
Posted at 22/3/2015 10:34 by tomboyb
Good Morning -

Yes, I wrote on another BB around 5p a share taking into account any liability -

Those that acquired at the 1.1p when there was consistant selling will have made a very good return -
Posted at 22/3/2015 09:50 by qvg
Now I have looked at the detail, i am more optimistic. From the info available in the document that the company issued the costs are:

· retention amount under the terms of the SPA: £1.23m;

· professional fees relating to the Disposal: £0.3m;

· existing creditors of the Company and expected operational costs to the end of the retention period: £0.7m; and

· contingency: £0.1m.

so add these up, deduct from the sale price of 12.3m, gives shareholders about 10m. and maybe some of the 1.23 retention later.
Posted at 21/3/2015 06:00 by qvg
tomboyb
but shareholders do not see the full amount - there are liabilties, costs etc. my quick calculation is that it means about 10-15% to current share price.
Posted at 20/3/2015 17:24 by tomboyb
Excellent result for perhaps short to medium term holders -

£12.3mill cash to be returned - That would equate to over 6p a share versus the current 3.13mill Market cap -

1.75p offer V offer at over 6p - The only question is soon as practically possible - However as a Nigel Ray stance the dirs own half the shares so it is in their interest to get the money asap -

Low of 1.1p V around 6p
Posted at 14/1/2015 08:25 by tomboyb
Good luck -

TIDMHEGY

RNS Number : 0905C

Helius Energy Plc

14 January 2015

14(th) January 2015

Helius Energy plc

("Helius" or the "Company")

Update & change of registered office

Further to the RNS announcing the strategic review on 16(th) September 2014 and the RNS announcing the restructuring and cost-reduction programme on the 4(th) November 2014, the Company provides the following update on progress.

CoRDe project

The CoRDe project continues to perform well and is operating in line with expectations. During the period October to December 2014 the plant exported 14,301 MWh of electricity and processed 133,000 tonnes of distillery residues.

The Company originally invested c.GBP7.85m in the project on financial close in April 2011 and continues to hold its 50% plus one share stake. The plant's strong operational performance since the start of the financial year is expected to lead to total project revenues for the three month period to December 2014 of c.GBP3.65m, EBITDA of c.GBP1.61m and profit before tax of c.GBP0.41m. The outlook for project revenues is robust, with c.30% per cent derived from fixed gate fees, c.34% per cent from sale of ROCs and c.20% per cent from sale of electricity (with a large proportion of this supported by a floor price in the Power Purchase Agreement). The balance of income is derived from other revenue streams, including the sale of syrup into the animal feed market and fees from the operation of the Effluent Treatment Plant.

Avonmouth project

The Company continues to endeavour to secure funding for its Avonmouth project and is in early discussions with a new potential funder. No material third party cost commitments will be made to the project unless and until there is a clear pathway to funding. The Company expects to be in a position to provide a further update in respect of the funding of the project before the end of March 2015.

Corporate update

The Company's cost reduction programme has so far resulted in annualised savings in excess of GBP1m as a result of, amongst other things, the surrender of the head office lease, details of which are in the relevant section below, a reduction in staff numbers and a reduction in other overheads.

Revised operating costs (excluding any project specific costs) are expected to be c.GBP0.84m per annum, before annual income from management service agreements of c.GBP0.22m. The Board continues to review opportunities to further reduce costs and will work with CoRDe in respect of the timing of the first cash dividend to be paid by the CoRDe project to its shareholders, including the Company.

While continuing to focus on the performance of the CoRDe project and to seek an investor or acquirer for the Avononmouth project, the Board is also considering other options to secure value for shareholders. These options include the potential sale of all or part of its interest in the CoRDe project, for which it would target a valuation substantially in excess of that which it invested prior to construction.

The Board will also continue to consider other opportunities for maximising value for shareholders and is accordingly undertaking a careful evaluation of the Company's business plan, operational assets, development strategy, market valuation and capital structure.

It remains the case that, in the event the Company is unable to secure financing for the Avonmouth Project, generate value from CoRDe or its other assets, or to secure a dividend from CoRDe by March 2015, it is likely that the Company will need to raise additional financing.

Change of registered office

As part of the Company's ongoing cost reduction programme, undertaken pursuant to its strategic review announced on 16 September 2014, the Company has agreed to surrender the lease of its head office at 242 Marylebone Road, London. As a result, with effect from 14(th) January 2015, the Company's registered office will be:

Europarc Innovation Centre

Innovation way

Grimsby DN37 9TT

John Seed, Executive Chairman commented "We have made good progress with the cost reduction programme announced in November, have delivered robust performance from the CoRDe plant during the period October to December 2014, and continue to work towards finalising funding and commencing construction of our Avonmouth project. However, there can be no assurance that the Company's efforts will be successful or that this process will result in any transaction or change in status. The Company is therefore carefully evaluating its options to ensure that it maximises shareholder value. The Helius CoRDe plant's successful operation and the on-going efforts to secure funding for the Avonmouth Project will be unaffected by this review process."

For more information please contact:

Helius Energy plc Tel: +44 (0) 20 7723 6272

John M. Seed, Executive Chairman

William J. Ingram Hill, Chief Operating Officer

Alan Lyons, Chief Financial Officer

Numis Securities Ltd Tel: +44 (0) 20 7260 1000

Jamie Lillywhite (as Nominated Adviser)

James Black (as Corporate Broker)

Citigate Drewe Rogerson Tel: +44 (0) 20 7282 2867

Chris Gardner

Malcolm Robertson

This information is provided by RNS

The company news service from the London Stock Exchange

END
Posted at 14/1/2015 08:24 by tomboyb
HEGY -

Could sell one of its assets for over 4p a share V 1.5p mid -

Risk is they cannot -
Posted at 29/1/2014 05:51 by old thumper
spaceparallax,

14p was right price but wrong day :-) My broker showed at midday 4 x 30,000 trades @13p hence my prediction but these trades never appeared on LSE or ISDX so what ever my broker was talking about?

Roll on news.
Posted at 22/10/2013 11:21 by spaceparallax
Great spot OT - as you say that makes it pretty nailed on. Hallelujah, sense and common good prevails over NIMBYism.

Astonishing that HEGY haven't issued an RNS - unless your article offers them leverage to improve the terms of their financing, which might require a day or so to resolve.

Whenever it comes, we should see the share price quickly return to the early to mid teens.
Posted at 12/9/2013 15:46 by spaceparallax
A reminder of the interim highlights:-

Rothes since handed over and operational.

· Contracts being finalised for the construction, fuel supply and electricity offtake for the Avonmouth project

· Club of potential lenders engaged in due diligence for Avonmouth project level senior debt

· Heads of terms agreed for Avonmouth project equity

· Consenting process for Southampton project in progress

Subsequently, when announcing the Rothes handover, HEGY confirmed anticipated finalisation of Avonmth financing by end FY Sep 13.

We haven't heard anything since to contradict that and so I'm expecting the RNS anytime in the next fortnight and will look forward to a TS confirming that EPS 09/13 is on target. When positive news follows on Southampton, which is more likely than not as the NIMBYs are rolled over, the share price will be set for a significant upward correction.
Helius Eng share price data is direct from the London Stock Exchange

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