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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Contourglobal Plc | GLO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 251.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 251.00 | 251.00 |
| Top Posts |
|---|
Posted at 15/5/2022 12:30 by scrwal I guess the second para is saying that debt that is directly linked and serviced by assets and their income streams is lower risk even if it is a high proportion of the asset cost.Meanwhile the sale of the Brazilian assets creates a conundrum , the £value being dependent on the market reaction. If say it creates the potential for a 10p special will that cause a rise in the share price - if not then paying a special does nothing for an investors wealth as all that happens is you get the 10p but the share price gets hit by a permanent 10p reduction since the cash paid out came from a non recurring capital sale. |
Posted at 17/4/2021 20:59 by breezer_42 Don’t forget how stable cashflows are - most contracts are long term, thermals are generally take or pay, fixed price with inflation and commodity price protection built in.If a company like this can’t have some debt then nobody can! My theory is it just screens badly - if investors set cautious leverage limits they won’t ever see this, and even if they see it, then if they don’t look into it properly they’ll assume it’s just over leveraged. |
Posted at 19/5/2020 12:40 by 3rd eye Questor: at a time of imponderables, this utility has more control over its future than mostQuestor share tip: ContourGlobal is not too exposed to the economic cycle and can generate plenty of cash – and it yields almost 8pc By Russ Mould 19 May 2020 • 6:00am Stock markets the world over remain on tenterhooks as they assess the pace – and consequences – of governments’ attempts to gently ease the lockdowns imposed on populations to combat the spread of Covid-19. Investors are also looking at the policies devised by central banks to tackle the outbreak’s economic fallout, and the latest loss of momentum appears to coincide with a slowdown in the rate at which America’s Federal Reserve is adding to its quantitative easing programme. With so many imponderables, investors must confront the fact that they do not know what is going to happen next – for the simple reason that no one does. As a result, they must try to focus on what they can control and understand, and one way to do that is to focus on the features of those companies that seem to be doing best during the current difficult circumstances.... |
Posted at 16/5/2018 19:10 by cyfran101 UK income seekers may want to take a look at ContourGlobal (GLO), which was one of the largest companies to float on London’s main market so far this year when it made its debut on 9 November. The US-based power generator raised net proceeds of £281m via an institutional offering, giving it a market capitalisation of £1.68bn, or 250p a share. Part of this has been used to pay down debt, with the remainder retained to fund future growth. ContourGlobal’Founded by chief executive Joseph Brandt 12 years ago, ContourGlobal owns and operates 69 power generation assets across 19 countries. During that time, it has grown by acquiring and developing assets in countries with insufficient generating capacity, including Brazil and parts of sub-Saharan Africa. It also entered the European market via a partnership with Coca-Cola Hellenic to operate co-generation facilities. As of December 2016, adjusted cash profits were split roughly 59 per cent to 41 per cent between thermal assets (plants that use conventional fuels) and renewable assets (plants that primarily use wind, solar and hydropower). However, the renewables business is growing at a much faster rate – it represented just 12 per cent of adjusted cash profits in 2014 – as management has ramped up investment in the renewable asset base. GLO:LSE ContourGlobal PLC 1mth Today change 2.44% Price (GBP) 252.00 This is unsurprising. The IEA, a Paris-based energy agency, pointed to 2016 as a watershed for renewables; a year in which 164 gigawatts of new renewable energy capacity came online globally. That represented triple the amount of new gas-fired power plants, and more than twice the volume of coal. The group focuses exclusively on long-term wholesale contracted power generation. Roughly 95 per cent of forecast revenues from existing projects between 2017 and 2021 will come from feed-in tariffs, long-term contracts or other regulated service payments. Its contracts had an average remaining term of around 12 years at the end of June. Management said the structure of these power purchase agreements limits its exposure to fluctuating power prices and fuel costs, for example by writing in fuel cost pass-through mechanisms. Scaling up its portfolio of assets has delivered impressive revenue and cash profit growth. During the two years to the end of 2016, adjusted cash profits grew at a compound annual growth rate (CAGR) of 20 per cent. Meanwhile a strong cash conversion rate – as the cost of capital has come down – resulted in a CAGR in funds from operations of 26 per cent during the same period. That bodes well for Contour’s income potential. Management plans to pay shareholders an initial dividend of $17.5m (£13.2m) for the first six months of 2018, totalling between $70m and $80m for the full year. Based on the total number of shares in issue at the time of the IPO, that would give the shares a rough yield of between 3.2 and 3.6 per cent on the issue price. Management says it intends to grow the dividend annually at a minimum high single-digit percentage rate during the next five years. IC View As an internationally diversified energy generation group, Contour offers UK investors a tempting chance to play the increasing trend towards smaller-scale distributed generation from diverse sources. As is typical for many power generation and utility groups, Contour has a high level of net debt – $2.1bn, or 4.8 times adjusted cash profits at the end of 2016. But management expects this to reduce to four times by the end of this year. What’s more, the group is in high-growth mode – it plans to double adjusted cash profits earned in 2016 by 2022, without returning to the market. Given the structural changes under way in global energy markets, and with the shares trading in line with the offer price at the time of going to press, we reckon Contour is worth a closer look. |
Posted at 04/12/2005 18:45 by lanzarote666 Citywire report that The Business -Inside The Market; small cap investor say Glotel good value. Did anybody pick up this paper today and can expand on what they say?Tole - many thanks for your quick response below |
Posted at 19/8/2005 15:24 by tole Bit of covergae from Numis -Tuesday, August 16, 2005 4:23:22 AM ET Dow Jones Newswires 0802 GMT [Dow Jones] Numis reiterates Harvey Nash (HVN.LN) at buy following a positive pre-close trading statement. Keeps pretax profit estimate to Jan '06 at GBP3.7M and EPS at 4.2p. Says the shares are trading on a multiple of 11.0x "far too cheap given the background of improving trading and potential for upgrades as the year progresses." Feels investors should also look elsewhere in the recruitment sector ahead of announcements from Robert Walters, PSD and Glotel. Shares trade +9.7% at 51p. (DWE) |
Posted at 21/7/2005 10:10 by wjccghcc I think so CR. Check out the presentation on their website www.glotel.com, choose UK and it's in the investor relations bit. I think H2 profit increase was actually held back by the increased headcount of 30 which won't really be adding to turnover until this year.I see IMP is ticking up as well which is nice for you :0) I guess I just feel more comfortable with the need for global telecoms investment over the next few years than the financial recruitment sector. Plus, as you say, these are in my ISA. If you have time over the next few weeks, you might want to take a look at IGP. Pretty much unknown and with no corporate broker but one of the global leaders in ID card management systems. Just breaking into profitability and with great partnerships. My "tip" for at least a two bagger over the next year or two :0) |
Posted at 27/1/2004 17:41 by cat This is the reason,Out at 1738hrs..... RNS Number:7026U Glotel PLC 27 January 2004 SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) NAME OF COMPANY GLOTEL PLC 2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST HENDERSON GLOBAL INVESTORS 3) Please state whether notification indicates that it is in respect of holding of the Shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 SHAREHOLDER NAMED IN 2 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. - 5) Number of shares/amount of stock acquired. 150,000 6) Percentage of issued Class 0.40% 7) Number of shares/amount of stock disposed - 8) Percentage of issued Class - 9) Class of security ORDINARY 5P SHARES 10) Date of transaction 23 JANUARY 2004 11) Date company informed 26 JANUARY 2004 12) Total holding following this notification 3,938,399 13) Total percentage holding of issued class following this notification 10.39% 14) Any additional information - 15) Name of contact and telephone number for queries ALAN SAFFER 020 7484 3170 16) Name and signature of authorised company official responsible for making this notification Date of Notification 27/01/2004 This information is provided by RNS The company news service from the London Stock Exchange END HOLUBABRSARAUAR |
Posted at 06/8/2002 14:15 by bluejaguar Long time since anything exciting on this stock. A couple of T-Trades in the last couple of days. I always assume T-Trades are for the short-term investor who is looking for a bit of cash. So the share maybe going up around 10% in the next 15 days or maybe they shorted in that case it could be going down. I don't know if this theory ever works........ |
Posted at 16/3/2001 08:58 by quanta The 45% of last time were hard to swallow...and could not apply a stop loss at that level...stickd with it ...and now 22% down...The life of a private investor is no fun :( Were is the time that I enjoyed just having that money at the bank? very down down sob sob Qanta. |
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