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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Novera | LSE:NVE | London | Ordinary Share | GB00B1VX1R81 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 77.00 | 0.00 | 01:00:00 |
| 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 | 77.00 | GBX |
Novera Energy (NVE) Share Charts1 Year Novera Energy Chart |
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1 Month Novera Energy Chart |
Intraday Novera Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/4/2011 | 14:34 | A UK-focused pure-play renewable power company | 107 |
| 05/11/2008 | 09:49 | Novera Energy: Australia Windpower | 119 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 06/3/2010 23:53 by robson1974 you could not make it up...NVE sell a brilliant pipeline of wind farm assets and Landfill Gas assets for about £1m / MW and now we get press reports of Biffa selling just their Landfill Gas assets for £3m / MW infuriating... i hope EMI collapses and takes Guy Hands to hell |
Posted at 20/1/2010 18:20 by fl4nders Thankyou Praipus - I have been in touch with both Novera and Infinis who both say I can still sell the shares at the 77p offer price. However the forms on their website are for shareholders with certificates. I contacted my broker and they said they couldnt sell the shares as they had been delisted!! So now I dont know what to do.It seems it is possible to sell the shares but no-one is actually telling me how to go about it. |
Posted at 17/1/2010 09:07 by fl4nders I didnt sell my NVE shares in time have I now lost all of my money. I was in profit with them too :-( |
Posted at 25/11/2009 08:51 by a0148009 I would like NVE to squeeze more out of them, this is a bigger, stronger Company than it was when they bid 90p.AO |
Posted at 19/11/2009 12:08 by sbs Yes - but they are not being very enthusiastic either. The price has been sliding since the bid was announced.If they do up the bid, it might only be +3.5p to 68p, so people who have been waiting can justify having held off. If they don't bid, we could drop 17p to 48.5p before picking up again. As I mentioned, I sold out at around 67p, but would buy back in if the bid failed and the price dropped. |
Posted at 04/11/2009 20:47 by robson1974 no, they will be able to bid again if someone else bids or they agree a deal with nve board |
Posted at 30/10/2009 23:03 by sbs Sold out at 67p after bid was announced, so didn't get the original circular p9. Does anyone have the pre-correction and post correction statements?Also, do people expect a higher bid? Share price is looking for a 10% uplift, but given share price history, this may not give a big majority. IIRC, the bidders were looking for 50% rather than the more common 90%->100%. Is this correct? If so, they will be happy with a minority shareholding - and perhaps don't have the cash for a complete takeover - in which case they will not be looking for a knockout bid but a small majority. |
Posted at 28/10/2009 17:31 by robson1974 I agree with the Directors that Novera is ridiculously cheap for the growth potential it offers and i think Infinis are acting like absolute *ankers but this statement in the letter does require some explaining :-Your Directors will not be accepting the Infinis Offer in respect of their own beneficial shareholdings amounting to, in aggregate 341,804 Novera Shares, representing approximately 0.24 per cent. of the issued share capital of Novera. why do the Directors own so few shares in what is genuinely a brilliant growth story? |
Posted at 15/10/2009 15:51 by robson1974 15 October 2009Infinis Energy Limited ("Infinis Energy") Cash Offer for Novera Energy plc ("Novera") Response to Novera announcement Infinis Energy notes today's announcement from Novera in relation to the Offer. As set out in the Offer Document posted to shareholders, on 6 October 2009 Infinis Energy acquired approximately 13.0 per cent. of the existing issued share capital of Novera, from Credit Suisse Securities (Europe) Limited, the largest shareholder in Novera other than Infinis Energy, at a price of 62.5 pence per Novera Share. The acquisition triggered a mandatory cash offer for Novera in accordance with the provisions of Rule 9 of the City Code. The only condition to the Offer is that valid acceptances are received which will result in Infinis Energy holding Novera Shares representing in aggregate more than 50 per cent. of the voting rights exercisable at a general meeting of Novera. The Condition and further terms of the Offer are set out in full in Appendix I of the Offer Document. Given that Infinis Energy currently holds Novera Shares representing, in aggregate, 42.6 per cent. of the issued share capital of Novera, the Condition would be fulfilled once Infinis Energy receives valid acceptances representing, in aggregate, more than 7.4 per cent. of the issued share capital of Novera. The Offer is at a premium to where the shares have traded for a considerable period of time. * Novera has traded at a 52 week low of 29.0 pence per share (19 December 2008) and at an average share price of 40.8 pence per share in the period between 1 December 2008 and 6 October 2009 (being the last Business Day prior to the Announcement Date). * The Offer represents a premium of approximately: * 30 per cent. to the closing middle market price of 48.3 pence per Novera Share on 6 October 2009 (being the last Business Day prior to the Announcement Date); and * 43 per cent. to the average closing middle market price of 43.8 pence per Novera Share for the six months up to and including 6 October 2009. Infinis Energy continues to believe that its Offer is in the best interests of Novera Shareholders given the attractive cash premium highlighted above, the relatively low liquidity of Novera Shares and its view that Novera lacks the management expertise necessary to deliver a strategy which will create value for its shareholders. |
Posted at 15/10/2009 13:21 by robson1974 15 October 2009Novera Energy plc ("Novera" or the "Company") Statement of shareholder support On 13 October 2009, the Board of Novera announced that it continues to believe that the 62.5 pence per share unsolicited, mandatory cash offer from Infinis Energy Limited (the "Offer") substantially undervalues the Company and recommends that Novera Shareholders take no action and reject the Offer. Novera is pleased to announce that it has subsequently received letters of support ("Letters of Support") from Novera Shareholders holding, in aggregate, 46,589,699 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares"), representing approximately 32.2 per cent. of the existing issued share capital of the Company. These shareholders have each stated that the Offer substantially undervalues Novera and that they support the Novera Board in rejecting the Offer. Commenting, Roy Franklin, Chairman, said, "We are delighted to have received this strong and public support from our top institutional shareholders. This only strengthens the Board's resolve in rejecting this cheap and opportunistic offer." Novera Shareholders are strongly advised to ignore any documents that may be issued by Infinis Energy Limited or its advisers and not to sell their Novera Shares. Further details of the Letters of Support are set out below: Novera Shareholder Number of Ordinary Shares held Percentage of existing issued share capital of Novera Harrier Acquisitions Limited 12,406,392 8.57% Aviva Investors 10,005,867 6.91% Caledonia Investments plc 8,249,869 5.70% Ennismore Fund Management 5,600,000 3.87% Jupiter Asset Management Limited 5,038,066 3.48% Guinness Atkinson Asset Management Inc 2,845,155 1.96% Guinness Asset Management Limited 94,350 0.07% Allianz Insurance PLC 2,350,000 1.62% |
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