Share Name Share Symbol Market Type Share ISIN Share Description
Contourglobal Plc LSE:GLO London Ordinary Share GB00BF448H58 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.60 -1.29% 198.40 214,642 16:29:58
Bid Price Offer Price High Price Low Price Open Price
198.40 198.80 201.00 197.60 199.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 1,003.02 44.79 3.02 68.6 1,301
Last Trade Time Trade Type Trade Size Trade Price Currency
17:11:56 O 72 198.388 GBX

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Date Time Title Posts
13/8/200719:14Are Glotel about to be bought?2
26/6/200707:08I hear good things about Telco Recruitment Market255
22/10/200311:25Glotel (GLO)94
16/3/200117:05Plenty of greens but no move?12

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Contourglobal Daily Update: Contourglobal Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker GLO. The last closing price for Contourglobal was 201p.
Contourglobal Plc has a 4 week average price of 197.60p and a 12 week average price of 192.40p.
The 1 year high share price is 221.50p while the 1 year low share price is currently 120p.
There are currently 655,713,415 shares in issue and the average daily traded volume is 376,455 shares. The market capitalisation of Contourglobal Plc is £1,300,935,415.36.
rolo7: big volume yesterday, i think this will get takenover by biggest share holder looks cheap divident yield is nice.
scrwal: Given how the markets have risen this month the share price performance is disappointing even with a broker downgrade.
3rd eye: GLO Contour Global , lovely Bowl chart forming here, what an out performer in the last week/ten days. Daily rise nicely over 4.42%.
3rd eye: Contour Global, up over 4% today. I have held for about 3 weeks now and its done very well, AND it is paying a nice divi. About ContourGlobal ContourGlobal is listed on the premium segment of the London Stock Exchange (TKR: GLO). ContourGlobal is an international owner and operator of contracted wholesale power generation businesses with approximately 4.8 GW in operation in 18 countries. ContourGlobal operates a portfolio of 107 thermal and renewable power plants across Europe, Latin America, and Africa utilizing a wide range of technologies. A recent upgrade from S@P............ Lovely bowl shaped chart......and a bullish move today with the share price moving above the 200 day Moving Average.
3rd eye: Financials for GLO Contour Global......... Financials Sales 2020 1 437 M Net income 2020 83,6 M Net Debt 2020 3 428 M P/E ratio 2020 16,6x Yield 2020 8,35% Sales 2021 1 505 M Net income 2021 118 M Net Debt 2021 3 980 M P/E ratio 2021 12,4x Yield 2021 8,96% Capitalization 1 320 M EV / Sales 2020 3,30x EV / Sales 2021 3,52x Nbr of Employees 1 490 Free-Float 28,0% What the company does........ ContourGlobal Plc is a United Kingdom-based company that develops, acquires, owns and operates wholesale power generation businesses. The Company is focused on operating thermal and renewable power plants across Europe, Latin America and Africa. The Company√Ę€͐2;s segment includes Renewable Generation Group and Thermal Generation Group. The Company owns and operates approximately 4,841 MW in 107 thermal and renewable energy power plants in 18 countries and three continents. Sales per Business 2018 2019 Delta GBP (in Million) % GBP (in Million) % Thermal Energy 637.54 67.8% 673.88 64.6% +5.7% Renewable Energy 302.16 32.2% 368.88 35.4% +22.08% Sales per region 2018 2019 Delta GBP (in Million) % GBP (in Million) % Bulgaria 287.24 30.6% 315.90 30.3% +9.98% Spain 250.34 26.6% 275.53 26.4% +10.06% Brazil 122.54 13% 128.79 12.4% +5.1% Europe 110.62 11.8% 113.74 10.9% +2.82% Africa 104.02 11.1% 110.13 10.6% +5.88% South America and Caribbean 64.95 6.9% 98.61 9.5% +51.83%
3rd eye: Questor: at a time of imponderables, this utility has more control over its future than most Questor 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....
rolo7: Anyone with any thoughts on this company? Share buyback due to Mexico plants, board think company undervalued?
saucepan: Long here today after arriving through a ShareScope data mining exercise. cyfan101: thanks for the link to The Times article. It was very helpful in that one of my major concerns on first look at fundamentals was the high level of debt. However The Times article confirms in its first paragraph that GLO: "generates so much cash that, in some instances, it has been capable of paying off debts running into the hundreds of millions that it has amassed buying plants in less than a year". As a non-subscriber it was only the first paragraph I was able to read, unfortunately! Only 12 previous posts since the opening of the thread in May 2018 - suggests GLO is not on many PI radars. That usually augurs well! I'll be tempted to add once £2.20 is convincingly cleared. That should improve the technical picture considerably.
davwal: Thanks cyfran101. Nice of GLO to inform their shareholders...
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’s parent has reduced its holding to 73 per cent in the process. The shares began unconditional trading on 14 November. 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.
Contourglobal share price data is direct from the London Stock Exchange
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