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ROOF Atrato Onsite Energy Plc

76.00
1.80 (2.43%)
Last Updated: 15:22:53
Delayed by 15 minutes
Atrato Onsite Energy Investors - ROOF

Atrato Onsite Energy Investors - ROOF

Share Name Share Symbol Market Stock Type
Atrato Onsite Energy Plc ROOF London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.80 2.43% 76.00 15:22:53
Open Price Low Price High Price Close Price Previous Close
74.40 74.40 76.00 74.20
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

Top Posts
Posted at 21/2/2024 08:59 by bathcoup
I emailed their IR about the accounting anomaly (to me, it is) but I've not, unsurprisingly, received a reply. This shows how much they care about us private investors.

chucko1 - I understand you have a sizable position here. Is my calculation wrong. The reason that prompted to check the numbers is that I notice their auditor is BDO, the same firm that audits HOME REIT.
Posted at 19/11/2021 07:12 by jonwig
Atrato Onsite Energy plc (LSE: ROOF), the new renewables investment trust focusing on UK commercial rooftop solar and providing investors with capital growth and secure, index-linked income, is pleased to announce that it has successfully raised gross proceeds of £150 million through a significantly oversubscribed issue pursuant to the Initial Placing, Offer for Subscription and Intermediaries Offer (the "IPO") of its ordinary shares (the "Ordinary Shares") as described in the prospectus published by the Company on 1 November 2021 (the "Prospectus").

The maximum size of the IPO was £150 million, being the amount that the Investment Adviser believes can be deployed within 12 months from Admission. The Company received substantial investor demand covering the maximum IPO size multiple times and, as such, a material scaling back exercise was undertaken.
Posted at 10/2/2004 12:18 by jim digriz
The true value of a house must be partly the cost of building it and partly the cost of the land. Its not too hard to figure out the cost of building a house - but its really hard to figure out a true value for land... What people are prepared to pay must be the important factor. These days for most people what they are prepared to pay seems often to be as much as the bank will give them...

House builders probably have a value, to which prices revert, of say 10-12 times earnings. Right now earnings are probably way above trend (because of the housing boom) but the PE multiple is low.

One factor is that, at the moment, construction is depressed because plenty of investors expect a housing crash (not necessarily sure anyone is expecting a roadbuilding crash though!) Once the market actually goes down, that psychological factor will go - investors will be much happier to pay large multiples of earnings on housebuilders after/during a crash. Sure, earnings will be lower after a dip in property prices - but PE ratios at the bottom will probably be higher.

Jim diGriz
Posted at 10/2/2004 10:27 by skyship
Scrip - surely as a market trader/investor you must recognise that, other than cash, there is no such thing as intrinsic value. The value is only ever what someone is prepared to pay in an open two-way market.

What is the current true value of Gold? It has a different value for every mining company according to the costs of extraction. That mined & smelted gold could be described as the intrinsic value, but it varies wildly from company to company. The value is only crystallised when the company sells on the open market. Is today's $408 totally out of touch with reality because it was 30% lower only two years ago when Gordon Brown decided to ditch the UK's reserves?

The price is dictated by what someone - the market - is prepared to pay. Ergo -AFFORDABILITY. Same with house prices......
Posted at 09/2/2004 18:57 by skyship
Just three days after my Post on the house-builders, I read the following piece on Citywire. If you read my original Post you will see why I am pleased to see a Slater also buying the sector, a sector which is embarking on another run which will be missed by the many who mistakenly construe static or falling house prices as super bearish for house-builders.

Ask yourself - Should you be following the investment choice of masters like Petchey, Ronson & Slater; or that of a fund manager like Bonham-Carter who has fallen into the same bearish trap:

=================================================

Although many thought an inflated housing market would sound the death knell for house building stocks they continue to produce good news and, despite some selling, still attract smart money: Ben Bailey is no exception.

The £50 million Yorkshire-based company (BBC) is forecast to almost double its pre-tax profit this year to £13.7 million and said in December that it may even beat this expectation thanks to excellent trading conditions. A trading statement said: 'The position going forward into 2004 shows our forward sales position in excess of the comparable period in 2003 together with a strong land bank.' Development land is in short supply in the UK so this is a strong position to be in and a number of shrewd investors seem to agree.

One of the most recent to buy the stock is AAA-rated stock picker Mark Slater, son of legendary asset stripper turned tipster Jim Slater. Since 2002 he has managed Marlborough Fund Management's (MFM) Slater Recovery fund , in which he has invested a decent chunk of his own money. Slater has a strong reputation as an investor partly thanks to the performance of his MFM Bowland private unit trust. (and Galahad surely – Skyship)

Slater bought 50,000 shares in two tranches last month, which gives his fund a 0.43% holding the company.

Slater backs house builder to go further
By Patrick Sherwen, Deputy & Secret Buying Editor – CITYWIRE

==================================================
Posted at 09/2/2004 13:28 by skyship
Following in the footsteps of more illustriously successful investors has long been a worthwhile investment strategy. The Slaters for instance; or the principals and associates of Dawnay Day; or one of my particular favourites – Jack Petchey (Trefick Holdings).

As I am wholly convinced that the large Mid Cap builders will be the object of Industry consolidation; and that with PERs of just 6 being commonplace, the current share prices are absurdly cheap; I was overjoyed to see this Monday’s RNS stating that Petchey had bought 3.05% of Crest (CRST).

Jack Petchey is an asset spotter prepared to play the long game. His record shows an interest in bidding on occasions, but not for a target of the size of Crest (Mkt Cap @ current 350p = £390m). For instance, on the hotels front he bid for Hanover, but warehoused on his extremely profitable play in the much larger Jarvis.

I have benefited from his interventions ever since his foray into Capital & Counties Properties some 4 years ago. One can seldom guess his next move; but you can be fairly sure he will come out of it with yet another good profit.

My reading of it is that his accumulated position in Crest has been a "no brainer" play. With Heron there to provide the stop-loss, he possibly started buying back in November; and may well have an average price down at around the 300p level, giving a running profit of c.£1.7m on today’s rise. However, I wouldn’t be at all surprised if this holding isn’t a feint for his real interest in one of the other Mid Caps – most likely Bovis (BVS) or Westbury (WBY).

Remember his hotel plays ran to three companies – Hanover, Jarvis & Queens Moat. I suspect there is a lot more to this new excursion than a mere turn on Crest.

I am a big bull of BVS – as you will see on the very quiet BVS thread. I suspect someone is accumulating BVS; could be Petchey, could be one of the Equity Finance companies – for whom a house-builder bid has the most obvious attractions of asset cover, high free cashflow and massively under-valued earnings. To my mind this whole sector is in for another large step forward – the whole sector is IN PLAY.

So - Place your bets, there are quite a few to choose from. But if your preferred play isn’t the first to receive a bid, no matter, there will be more than one; and all the Mid Caps will rise in sympathy as everyone looks for the next bid target.

Incidentally, if you are not convinced that the sector is one to be in, then take a look at the link below. I have overlaid the FTSE with the Construction & Materials Index - the latter enjoying an upward trend very much in marked contrast to the wider market. So I finish with another investment strategy or mantra: "Let the Trend be your Friend"!
Posted at 06/2/2004 15:46 by skyship
Following in the footsteps of more illustriously successful investors has long been a worthwhile investment strategy. The Slaters for instance; or the principals and associates of Dawnay Day; or one of my particular favourites – Jack Petchey (Trefick Holdings).

As I am wholly convinced that the large Mid Cap builders will be the object of Industry consolidation; and that with PERs of just 6 being commonplace, the current share prices are absurdly cheap; I was overjoyed to see this Monday’s RNS stating that Petchey had bought 3.05% of Crest (CRST).

Jack Petchey is an asset spotter prepared to play the long game. His record shows an interest in bidding on occasions, but not for a target of the size of Crest (Mkt Cap @ current 350p = £390m). For instance, on the hotels front he bid for Hanover, but warehoused on his extremely profitable play in the much larger Jarvis.

I have benefited from his interventions ever since his foray into Capital & Counties Properties some 4 years ago. One can seldom guess his next move; but you can be fairly sure he will come out of it with yet another good profit.

My reading of it is that his accumulated position in Crest has been a "no brainer" play. With Heron there to provide the stop-loss, he possibly started buying back in November; and may well have an average price down at around the 300p level, giving a running profit of c.£1.7m on today’s rise. However, I wouldn’t be at all surprised if this holding isn’t a feint for his real interest in one of the other Mid Caps – most likely Bovis (BVS) or Westbury (WBY).

Remember his hotel plays ran to three companies – Hanover, Jarvis & Queens Moat. I suspect there is a lot more to this new excursion than a mere turn on Crest.

I am a big bull of BVS – as you will see on the very quiet BVS thread. I suspect someone is accumulating BVS; could be Petchey, could be one of the Equity Finance companies – for whom a house-builder bid has the most obvious attractions of asset cover, high free cashflow and massively under-valued earnings. To my mind this whole sector is in for another large step forward – the whole sector is IN PLAY.

So - Place your bets, there are quite a few to choose from. But if your preferred play isn’t the first to receive a bid, no matter, there will be more than one; and all the Mid Caps will rise in sympathy as everyone looks for the next bid target.

Incidentally, if you are not convinced that the sector is one to be in, then take a look at the link below. I have overlaid the FTSE with the Construction & Materials Index - the latter enjoying an upward trend very much in marked contrast to the wider market. So I finish with another investment strategy or mantra: "Let the Trend be your Friend"!

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