Share Name Share Symbol Market Type Share ISIN Share Description
Alkemy Capital Investments Plc LSE:ALK London Ordinary Share GB00BMD6C023 ORD GBP0.02
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 100.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
90.00 110.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial -0.80 -19.88 6
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 100.00 GBX

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20/6/202210:24Alkane Thread With Charts7,406
20/6/202210:19Alkemy Capital9
18/9/201407:28Alkane Energy Bid Target?7
14/8/201417:06BUY in Alkane Energy (ALK).-
19/3/200913:07Alkane Energy - SHARES = 10p, CASH = 14.5P, NTAV = 33P80

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Alkemy Capital Investments (ALK) Most Recent Trades

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2022-06-28 15:15:1293.003330.69O
2022-06-28 14:49:45104.251,9212,002.64O
2022-06-28 09:06:12104.252020.85O
2022-06-28 06:55:11108.002,0002,160.00O
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Alkemy Capital Investments Daily Update: Alkemy Capital Investments Plc is listed in the General Financial sector of the London Stock Exchange with ticker ALK. The last closing price for Alkemy Capital Investments was 100p.
Alkemy Capital Investments Plc has a 4 week average price of 100p and a 12 week average price of 100p.
The 1 year high share price is 215p while the 1 year low share price is currently 60p.
There are currently 5,999,999 shares in issue and the average daily traded volume is 6,329 shares. The market capitalisation of Alkemy Capital Investments Plc is £5,999,999.
mwj1959: Corporate broker / advisor research report with an £8.40 target price. [...]
mwj1959: Broker (one of their advisors / brokers)research note with target price of £8.40! [...]
mwj1959: No idea how GL stacks up relative to TVL in terms of timeline to first delivery as little information on the GL website. But my guess would be that they are behind TVL even if GL looks to have the substantial backing of Trafigura, which I'm sure that TVL would have liked. This perhaps reflected in the 5%+ decline in the ALK share price today.
lenses: Hi Wiseacre Rns today. Shard as additional broker. To me this says a cash raise soon. Presently the in-public info on the business model has gaps. How a placing gets taken up and at what price will give a strong steer on how much more insiders know as to how viable this idea is and perhaps the likelihood of guv support. Plant build est at 400m. Lithium sulphate from spod aiui is not that costly whereas battery quality hydroxide is a fair bit more so in opex and initial capex. So there could be a respectable margin to be had. However are there spod miners out there who can be lent on to locally produce sulphate rather than just flogg raw spod to China/USA? Took a position a little while back. Speculation on Atherley this as to whether he has read this right! Noted the trajectory of PM8/PRE prior to it dawning on PIs that it will all need to be paid for. 2-3000% to peak. Also noted how Atherley considers PIs as a necessity to tolerate rather than embrace! IMO ;-) Present sub 20% free float. ATB.
rivaldo: From VSA Capital today - they have a 43p target price, on a forward EV/EBITDA of only 5.7x.... "Alkane Energy (ALK LN)# Alkane Energy (ALK), the UK gas to power producer, has released interim results for the period ended 30 June 2015. • Revenue: £8.7m, +22.5% YoY (H1 2014: £7.1m); VSA FY estimate is £21.4m, +34.1% YoY • Adjusted PBT: £1.4m, +180.0% YoY (H1 2014: £0.5m); VSA FY estimate is £5.2m, +59.0% YoY • Net debt at 30 June: £19.3m, 41% net gearing (H1 2014: £12.4m, 31%) • Electricity output (CMM and Power Response) was 106GWh, +24.7% YoY (H1 2014: 85GWh); VSA FY estimate is 216GWh • Total installed generating capacity of 145MW • 94% of 2015 output contracted at an average price of £52/MWh; 56% of 2016 output contracted at an average price of £50/MWh (H1 2015: 89% of 2014 output contracted at an average price of £51/MWh; 64% of 2015 output contracted at an average price of £52/MWh) VSA Comment As highlighted by the recent trading update, ALK is trading in-line with our forecasts for the full-year. Almost all revenue was classified as core, at £8.6m, +45.7% YoY (H1 2014: £5.9m). Growth in core generation is largely as a result of full contribution from the Carron Energy power response assets acquired last year and the Maltby CMM operation, which was shut for three months in H1 2014 as the mine was sealed. STOR calls were also at an elevated level from April onwards and this has continued into Q3. Although UK electricity pricing has been on a downwards trajectory this year, ALK has now secured almost all of its 2015 baseload power output at an average price of £52/MWh. Baseload power prices have seen a slight increase in the last couple of weeks, as we move towards winter 2015/16, which has the potential be produce one of the lowest supply/demand margins on record. Our model assumes all remaining 2016 baseload output will be sold at current futures prices. This currently delivers an average selling price of £46.7/MWh for next year. However, baseload pricing is only part of the story. For its power response activities, ALK has reported that average pricing under its winter running programme has increased to £227/MWh for the coming winter, up from £195/MWh in winter 2014/15, +16% YoY with significant increases in availability and capacity payments as well. We believe this demonstrates the increasing importance of power response assets to the UK National Grid. The confirmed closure of the 2.4GW Longannet power station (c4.5% of UK peak demand) and the proposed closure of the 2.0GW Eggborough power station (c4% of UK peak demand), which will both close by 31 March 2016 alongside Ferrybridge C (1GW) are the latest announcements to highlight the growing fragility of the UK’s future power supply. With a forward EV/EBITDA of 5.7x and a P/Book of 0.8x, we maintain our BUY recommendation and target price of 43p."
marine boy: Fox You, I'm not sure what point you are trying to make. I'm in danger of posting on the wrong board here but EDR's shale assets are in addition to their conventional resources and were said, in a note by Edison, to add a value of 40p / share to EDRs valuation. Notwithstanding any potential shale assets, EDR's conventional Wressle field, should it prove bountiful, will add value to ALK's 18% holding of EDR. While this is all happening elswhere, AKL continue to be cash generative to the point where they have declared another dividend payable end of the month (now ex-divi). ALK have a number of projects in the pipeline for 2015 and the only thing holding this share price back is the OFGEM investigation into whether ALK & others have complied with Rule 5.13.1 (b) of the Capacity Market Rules. The Rule(s) in question: 5.13 Prohibition on other unreasonable business methods 5.13.1 The following activities are prohibited in relation to the Capacity Auction: (a) doing anything which would constitute a breach of any law intended to prohibit or restrict anti-competitive practices relevant to participation in the Capacity Auction; (b) submitting to the Delivery Body or the Authority any information in connection with the Capacity Auction which is false or misleading; ALK has responded in saying "Alkane does not believe it is in breach of the Capacity Market Rules and will fully cooperate with Ofgem’s investigation." If, like me, you have faith in the integrity, professionalism & capability of the management team, then ALK will come out smelling like roses. So let's not get too confused with fracking & ALK. ALK is not in the fracking business per se, but have an 18% holding in one that could but that is possibly going to hit upon a commercial conventional oil discovery in addition to their currently pumped sources.
rivaldo: Encouraging article here not posted before - interesting about the solar eclipse and the upcoming election as a boost for ALK: Http:// "Maltby provides Alkane with a rich seam ALKANE Energy​, which mines methane gas from redundant Yorkshire coal mines, said it has made a good start to 2015 boosted by a strong performance at the former Maltby Colliery. Maltby, near Rotherham, was finally closed last spring and Alkane moved into full production over the summer. Alkane’s CEO​ ​Neil O’Brien​​ said:​ ​“Maltby, which is clearly our biggest site now, is performing ahead of our business plan. It’s going well. The reason the mine was closed was there was an excess of methane leaking off.” Elsewhere in Yorkshire, operations at the former Wheldale Colliery in Castleford were delayed by two months as new engines were brought on site, but Mr O’Brien said the mine is now running at full capacity. “It’s a 10MW site. We installed new engines and yes we were a few weeks late, but it’s running really well now,” he said. The two-month delay to the upgrade of capacity at Wheldale and Shirebrook, plus fewer than anticipated calls from National Grid, hit 2014 pre-tax profits, which fell slightly from £3.4m to £3.3m. Wheldale is both a coal mine methane producer and a power response site, the name given to former mines that have no methane left but the mine workings are used to buy in gas to produce power to feed the grid. Alkane said it is seeing the benefit of increased production in the current year. National Grid calls on Alkane’s power response sites when there is a supply wobble, known in the trade as a “kettle blip” (when everyone puts on the kettle during the TV ad breaks), but Mr O’Brien said calls were down as a result of the firm being “slightly overpriced”. “Our competitors underbid us, but we will leapfrog them in April. We are likely to see an increase in calls this year. The next “kettle blip” is expected to happen on March 20 when a solar eclipse takes place at around 9.30am, which will cover up to 90 per cent of the sun in Yorkshire. Alkane is expecting to be called on as solar power stations won’t be able to run during the duration of the eclipse. The next blip could well take place during the night of May 7 when a close General Election is expected to keep many people out of their beds and glued to the TV until the early hours to find out the result. “A General Election is a real problem for National Grid. If it’s a close result people could be sat there at 4am watching the TV,” said Mr O’Brien. National Grid turns to suppliers like Alkane during these blips as it only takes 15 minutes for a power response site to generate power. A big power station takes four hours to run up, which makes it uneconomical if power is only needed for a few hours. Alkane will open a new site in Yorkshire this autumn at the former Markham Main Colliery on the edge of Doncaster, where methane gas production is expected to be “very strong”. Analysts at Liberum said: “Power output continues to expand as the group grows its power response business and 2015 has started well. Weak power prices are a headwind, but significant forward contracting mitigates this impact in the short term.”"
rivaldo: VSA Capital reiterate their Buy and 49p target: Http:// More from them here... Http :// "Alkane Energy For 2015, we would expect a 15% jump in output UK gas-to-power producer Alkane Energy (ALK LN)# has released its annual results for the period ended 31 December 2014 (FY 2014). •Revenue: £16.0m, -22.3% YoY (2013: £20.6m); VSA forecast was £18.0m •Adjusted PBT: £3.3m, -2.9% YoY (2013: £3.4m); VSA forecast was £3.4m •Proposed dividend of 0.3p per share (2013: 0.2p) •Electricity output (CMM and Power Response) was 195GWh, +1.5% YoY (2013: 192GWh); VSA forecast was 200GWh. •Average electricity sales price was £53/MWh, flat YoY (2013: £53/MWh); VSA forecast was £53/MWh. •Total installed generating capacity now at 145MW (2013: 82.5MW). •82% of 2015 output contracted at an average price of £52/MWh; 36% of 2016 output contracted at an average price of £51/MWh VSA Comment In its trading update on 21 January, ALK guided to an adjusted PBT of between £3.25m – £3.50m, c20% below our original forecast of £4.2m, so this result should not come as a shock to the market (ALK has fallen 34% YTD and 13% since its January update). As previously outlined, profits were impacted by a combination of delayed new capacity at Wheldale and Shirebrook and fewer than anticipated STOR calls from the National Grid. For 2015, we would expect a 15% jump in output to 230GWh as Maltby and other acquired assets make a full-year impact for the first time, forecasting an adjusted PBT for 2015 of £5.4m. Based on its adjusted H2 PBT run-rate of £2.8m and with record levels of production on both base-load and peak winter running currently reported (and with pricing pretty much locked-in for the year), this seems quite achievable. Q1 trading update due early May. With the average 2015 electricity price currently c£43/MWh and 2016 pricing currently c£45/MWh, we have assumed in our modelling that ALK sells the remainder of its forecasted at current prices. This produces an average for c£51/MWh for 2015 and c£47/MWh for 2016. This year, we also expect ALK to bid for capacity under the second Demand Side Balancing Reserve auction, which opened last week, and also capacity in the next capacity mechanism auction in late 2015, adding to the 55MW of existing (one-year contracts) and 46MW of new build capacity (ten-year contracts) it won in the December 2014 round. We would expect more STOR calls this year and increased triad pricing as Ofgem expects the de-rated capacity margin to fall to around 3% this winter under its base-case scenario, but could fall to around 2% under higher than expected demand and/or plant closures. With net debt at £18m (exc. convertible loan, which we assume will be converted by the April conversion date) (gearing 41%) we believe organic growth and an emphasis on existing sites will be the focus for 2016. ALK is planning to commission new CMM sites at Mossfield, Markham Main as well as its stranded gas project at Nooks Farm this year."
rivaldo: VSA Capital this morning still expect a PBT of £5.5m for 2015 based on the output already sold - this equates to around 3.75p EPS.... They have a 49p target price: "Alkane Energy (ALK LN)# Alkane Energy (ALK), the UK gas-to-power producer, has released a pre-close trading update for the period ended 31 December 2014. • Electricity output (CMM and Power Response) was c200GWh, +4.2% YoY (2013: 192GWh), VSA FY estimate was 230GWh. • Average electricity sales price was £52/MWh, -1.9% YoY (2013: £53/MWh), VSA FY estimate was £53/MWh. • As of 31 December 2014, 82% of 2015 output contracted at an average price of £52/MWh (As of 31 December 2013, 59% of 2014 output at £53/MWh) • FY 2014 results will be published 11 March 2015. Board expects revenue to be c£18m (-14% on our forecast of £20.9m) and an adjusted PBT of £3.25-£3.5m (-16.7%-22.6% on our forecast of £4.2m) VSA Comment Headline financial figures are certain to deliver share price weakness today. From an H1 adjusted PBT of £0.5m, there was little room for error in H2 if FY forecasts were to be hit. A late start for the upgraded capacity at Wheldale and Shirebrook combined with a mild winter, which reduced the number of STOR calls (-56% YoY), impacted results significantly. However, ALK made significant progress in 2014 in its power response business through acquisitions (10MW Wheldale, 49MW Carron Energy) and developing its organic pipeline, supported by the award of Capacity Mechanism agreements concerning the development of 46MW of new generation capacity to be completed by winter 2018. In CMM, ALK will drill two CMM licence sites in 2015 (Stoke, Markham Main) and the company has also applied for a number of new CMM licences as part of the 14th Onshore Licensing Round. The current weak electricity prices is predominately an issue for ALK’s coal mine methane base load output, although it does also impact STOR/winter peak-load pricing. However, ALK has locked in a much higher proportion of this year’s output than it did last year and even has 30% of its 2016 output sold at £51/MWh. In power response, the related fall in gas prices has helped to preserve margins. Average 2015 electricity price is currently c£43/MWh (having been in the 50s for most of 2014) with 2016 pricing currently c£45/MWh, demonstrating the advantages of ALK’s forward pricing strategy and also highlights that fact that 2016 provides the most near-term risk, not 2015. For 2015, we would expect a significant jump in output as Maltby (down for maintenance for three months in FY 2014) and other acquired assets make a FY impact (VSA est: 230GWh). Given the level of output already forward sold, we expect an adjusted PBT of £5.5m for FY 2015. We retain our BUY recommendation but, having made certain adjustments to our model (including reducing average selling prices in future years and marking to market ALK’s EDR stake), we have adjusted our target price to 49p."
rivaldo: The entire IC tip from 2 weeks ago was posted on i.i.i (save the last line!), so here it is: "If you followed our advice this time last year to buy shares in independent power producer Alkane Energy (ALK) and sold six months later - when we said take profits - after shale gas speculation disproportionately boosted the share price, you would have banked a quick 29 per cent profit before dealing charges. We've been waiting for another buying opportunity and it has arrived. Alkane's shares have drifted below the level where we last tipped them and again offer excellent value, rated at just nine times next year's forecast earnings compared with 19 times at their peak. Technical analysis suggests they are oversold, too - the 14-day relative strength indicator has plunged to a three-year low. This technical set-up often produces a sharp bounce from a support level. More importantly, the fundamentals of Alkane's power-generating business remain strong. The company continues to enjoy steady annual growth at its base load operations, where power is generated 24/7 by extracting methane gas from abandoned coal mines and converting it into electricity using onsite generators. It sells the electricity to National Grid (NG.) at a healthy mark-up. Alkane had 18 coal-mine methane (CMM) sites operating in the UK at the start of 2014, with an installed capacity totalling 45 megawatts (MW). It plans to bring two more sites on-line this year. However, Alkane's relatively new power-response operation is the fastest growing part of the group. Here, Alkane buys gas wholesale and turns it into electricity during times of peak demand when prices are highest. Installed capacity was 36MW in December 2013, but this has risen to 92MW following two attractively-priced acquisitions this year, including the £12m purchase in July of three power-response companies with a combined generating capacity of 49MW. The shift into power response makes sense because the UK's energy mix is becoming more varied and complex, with increasing dependence on energy from intermittent renewable sources such as wind farms. The ability of power response to fire up quickly during peak evening and winter demand means that it is becoming increasingly important to the UK grid. Moreover, the UK's power regulator, Ofgem, predicts spare generating capacity could fall as low as 2 per cent by 2016 as old power plants are shut down. Ofgem has repeatedly warned of a looming energy crunch and a heightened risk of power shortages or cuts over the coming years. Granted, power prices have actually been weak this year following the warm winter and the plummeting price of coal. But Alkane has already contracted to sell 74 per cent of its 2014 base load output and 50 per cent of the 2015 load at the same price as last year or slightly higher. The new acquisitions will also take several months to bed in, denting profitability. Combine that with the dilutive effects of an £8m share placing, and EPS are forecast to fall slightly this year before soaring nearly 40 per cent in 2015 (see table). Share-tip summary Sure, the dividend is only nominal, but Alkane is growing fast and its shares offer a cheap, low-risk way to play the likely rise in UK wholesale power prices over the coming years. There's also free long-term upside"
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