Clipper Windpower Share Discussion Threads

[gbb483] 09/4/2008 20:55

... however the large volume mid August last year only served to put a small dent in the slide down, down and down.

[m.t.glass] 09/4/2008 16:02

Today's volume is already the biggest since 18 Sept last year - which marked the start of the last major upturn..

[m.t.glass] 09/4/2008 10:53

Some decent buys going on now..

[davius] 09/4/2008 07:42

A turning point for the shares?



Clipper Windpower Plc. said it had entered a financial and strategic relationship with One Equity Partners, JP Morgan Chase's private equity arm.

The wind turbine manufacturer said One Equity will invest $150 million into the company to strengthen its supply chain and support growth in its core wind turbine business.

"The US market for wind energy has tremendous growth prospects and we see Clipper's 2.5 MW turbine as uniquely positioned to capitalize on this opportunity," One Equity managing partner Richard Cashin said. "Our investment adds real muscle to Clipper's operational plan which is designed to transition the company to a new stage of growth."

Clipper said the funds will be raised through a subscription of around 15.8 million new shares at about 480 pence per share, which it may choose to cancel if the subscription price is less than this figure. The company also announced that One Equity will nominate two representatives to its board of directors and that it will create a committee to guide its business expansion.

[scburbs] 25/3/2008 08:50

Glad I am out of this one. With the indicative valuation of the wind farms at $900m (of which CWP has 72%) it is actually starting to look quite good value! The valuation is based on non-binding commitments though.

Production also starting to improve.

[gbb483] 21/2/2008 13:32

Still interested in Green energy? - See the BBC for a round up:

[praipus] 05/2/2008 12:18

www.ft.com has article Vestas Wind Systems breezes forward.....may see some serious consolidation so stay long IMHO.

[motoben] 24/1/2008 16:34

so if they expect to make a similar loss to the first half then that would give 77m x2 = -$154m, thats a huge loss considering they lost $45m last year. makes a -70 pe ratio!
cant belive its priced so high still, it may have lots of orders coming up but just cant make profit on them and dont belive they will for many years to come.
the 7.5mw turbine would be good if it worked as the uk is expected to increase ofshore power generation a lot. but its years away.

[mickconn11] 21/12/2007 22:14

Lehman 'love ' this company.

[mickconn11] 17/12/2007 23:31

Here we are at 700..... which funnily enough is the 200 day MA and if it gets above will trigger some short closing which could be quite powerful when combined with 'genuine buying' from Lehman and hedge funds just purely playing the short squeeze game.

Technical targets... well 800 is the obvious level and then 900 which is the high.

What's it really worth ?. Not alot in my view but I will not ignore the charts and it could depend if one of the clever hedge funds decides to take the bulls on.

The Danes .... who know this industry better than most have gone a bit shy recently but the British Govt. in their short term manner seem to have endorsed wind power to the (short term) benefit of CWP shareholders.

Good luck.

[praipus] 30/11/2007 11:29

Seen a few other institutions do this when the first round of sub prime fears caused a bit of distressed selling or risk adjusting by reducing portfolio leverage. Only to reaquire a few weeks/months later often at higher prices. Highlighting the down side of utilising "market timing" as a way to make money.

[scburbs] 30/11/2007 11:01

You've used the wrong link for the November one. I meant their holding was not moving substantially either way across the last 6 months. A small recent acquisition is not indicative of anything in particular.

The latest acquisition of c.66k out of 10.7m left them still below their July holding.

[praipus] 30/11/2007 10:56

scburbs,

Oh yes they are
November (corrected)
September

[scburbs] 30/11/2007 09:59

Praipus,

Fidelity aren't really accumulating of late. They were at 10% back in July.

[praipus] 30/11/2007 09:54

All the more for Fidelity to buy

Clipper Windpower PLC
15 November 2007




Clipper Windpower Plc ('the Company')

Disclosure of Major Interest in Shares



Clipper Windpower Plc 'the Company' has been notified on 15 November 2007, that
as of 13 November 2007, Fidelity Investments International had an interest in
10,736,622 10p ordinary shares of Clipper Windpower Plc- Reg S (the 'Company').
This represents 9.9% of the outstanding share capital of the Company.



This information is provided by RNS
The company news service from the London Stock Exchange

[gambler99] 30/11/2007 09:31

lots of sells in the last few days in the 100,000's

[praipus] 29/11/2007 12:33

scburbs,

Important to look at the whole picture, wind farm joint ventures, share of future output, patents etc could make todays margin irrelevant if their earning a % of 7,800 MW of future energy prices. In fact it may even be beneficial to work on a low margin in exchange to a long term energy price linked income stream.

[scburbs] 29/11/2007 10:24

Praipus,

I think you might be right that the legacy pricing is in the price. However, I think the market may not fully understand the comment "progress towards normalised margins". This sentence implies to me that margins will remain low (albeit improving) and I am not certain whether the market understands this. In addition the predicted moderating component costs may not actual happen as commodity prices have been very strong since this announcement on 29 March.

"We expect narrowed margins during start-up due to initial production and procurement inefficiencies and legacy pricing in initial sales. Substantial progress towards normalised margins is expected as we move into 2008 due to more favorable product pricing and moderating component costs."

[mickconn11] 29/11/2007 10:12

108,210,646 shares in issue.

Current price is 613.5.

That makes a market cap of £664 million.

Pull the other one..... it's got bells on it.

[praipus] 29/11/2007 09:33

Even Google wants a piece of cake!

[praipus] 28/11/2007 12:38

scburbs,

Looking at the graph I would think the legacy pricing issues are in the share price now and investors are waiting for the next set of results. The graph also displays an upside down head and shoulders indicating a reversal of the down trend from when the news hit.

In the meantime valuations for Wind Turbine builders march on.

I guess it depends on your outlook. Short, Medium or Long term and if you have to predict the future would you want to have shares in a Wind Trubine
Manufacturer or not and are the problems resolveable?

M&A in the sector is intense and shorting this IMHO is highly risky. Take a look at MTGlasses thread with the EPIC DOWN. It has a lot more appropriate "short's" listed IMHO.



CWP represents a buying opportunity and a way to benefit from global renewable energy demand, growth company status and potential M&A in a highly liquid and consolidating sector.

[scburbs] 28/11/2007 10:34

Praipus,

Order book looks full, but references to legacy pricing issues and the additional manufacturing complications suggests margins are not strong (obviously on the initial contracts margins have actually been massively negative!). Opaque references to moving towards normalised margins suggests margins may improve, but it will be a slow gradual improvement.

No good having a full order book if you are not making a good profit on the contracts.

[praipus] 28/11/2007 09:35

I wouldnt Wind Energy related stocks are attracting the attention of every Private Equity company, every Renewable Energy player and every vertically integrating utility from here to Panama Via Japan and back again twice.

Temporary process/manufacturing hiccup doesnt = wipe out when the order book is full to over flowing and supply and demand very much in its favour. IMHO they are strong buy.

Short USDCNY or Financials IMHO.

[shanksaj] 23/11/2007 08:35

Tarquinius

Thanks, but IG Index are no longer accepting shorts on Clipper, ie its filled its quota.


gbb,
Sounds lovely!