Contourglobal Plc

0.00 (0.0%)
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
  0.00 0.0% 251.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
251.00 251.50
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 251.00 GBX

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Contourglobal Forums and Chat

Date Time Title Posts
13/8/200720:14Are Glotel about to be bought?2
26/6/200708:08I hear good things about Telco Recruitment Market255
22/10/200312:25Glotel (GLO)94
16/3/200117:05Plenty of greens but no move?12

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Contourglobal (GLO) Top Chat Posts

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Posted at 22/9/2022 10:51 by steve73
GRID.. Gresham house storage..

When I bought my GLO originally (about 2 years ago) it was a toss-up between that and the original GHE fund. GLO stayed about flat (until the recent 25% uplift) whilst GHE had increased about 50%. I sold my GLO a few days after the deal was announced, and switched into GRID as GHE looked to be falling.

To be fair, most of the renewable infrastructure funds have added 10-15% since the GLO deal was announced.. e.g. BSIF, FSFL, JLEN, NESF, that I watch, and TRIG (that I've been holding for a few years)..

But where they will go from here is anyone's guess, so DYOR.

Posted at 22/9/2022 07:54 by solarno lopez
Steve can you point us the direction of your new share please
Posted at 22/9/2022 04:34 by steve73

You can sell your holding at any time and immediately receive around 98% of the ultimate "price". Or you can wait until the deal completes and then have your cash "tied up" for perhaps a couple of weeks until it's finally paid out.

I sold my entire holding within a few days of the initial announcement, and put the proceeds into another renewable funds which has since grown around 15%, as well as attracting similar dividends to what GLO are maintaining.

It's usually only worth holding to the bitter end if you think a better offer will come along.... which IMO is unlikely in this case.

DYOR/NAI etc..

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 13/5/2022 17:11 by km18
ContourGlobal plc issued a Q1 trading update this morning. The current financial year has started positively and overall trading across the Group is ahead of the Board's expectation and continues to underpin the Board's confidence in the continued growth in dividends to shareholders. The Company will pay a dividend for Q1 2022 of 4.9115c/4.0128p per share , equivalent to $32.2 million which is in line with the Company's commitment to an annual 10% increase in dividend per share. Adjusted EBITDA was up 15.3% from $180.6 million to $208.3 million, strong cash flow generation with Funds from Operations reaching $112 million in Q1 2022. The business continues to generate solid top-line and EPS growth, distributions are generous with dividend yield at 8.8%. Valuation is a little unhelpful with forward PE ratio at 21.1 which ranks GLO 6th out of 7 names in the Electric Utilities and IPPs sector. PS ratio at 0.72 is a little more supportive. Everything else points to a solid business and solid investment case, but one to monitor for now....

...from WealthOracleAM

Posted at 13/5/2022 10:35 by woodhawk
The share price movements with this share baffle me. This morning I could only buy maximum lots of 500 shares. So, I may buy another chunk using DMA when i free up some funds.
Posted at 11/5/2022 22:00 by woodhawk

The info is on their website, all you have to do is look.

PS re DLG, I have been out of the money, share price wise, for ages there, but the massive divis vastly outweigh the 'loss'. In this game you need patience. I could soon have doubled my money and still be at a 'loss' share price wise. IMB, RIO, the same applies - forget the share price until you *might* need to cash in and let those big divis roll in endlessly.

Posted at 11/5/2022 18:08 by rogerramjett
I know its from the asset sale but what is the expectation for the special divi likely to be ?

Looking through last years dividend declarations the release date was 13th May which was a Thursday last year so may be tomorrow morning.

Very tempting to add a few to those I bought the other day. Trying to maintain a balance across my portfolio. Some horror stories such as DLG but I remain invested as the dividend is good and I believe it better than the market prices it at.

I'm liking the investment trusts. NESF and GSF. Also GCP. All holding up well. GLO is another take on the energy theme.

I have a couple of mining shares. One being POLY 🤣. Massively under water on that. The other being RIO. Plus IMB in tobacco.

Trying to be diverse. A few others in their HFEL and some other infrastructure trusts which are non energy.

But GLO has really caught my eye. Forward dividend will be over 8% if they apply the same principles as previous that being a 10% increase. Price in a fairly tight range. Just a cash generating cow

Posted at 19/2/2022 10:44 by woodhawk
A rare bit of coverage...

"Power generator ContourGlobal (LSE: GLO) has the wind in its sails at the moment. In December it upgraded its profits guidance for 2021 thanks to better-than-expected performance from one of its Spanish natural gas plants. I don’t think this dividend stock’s just a great buy for today, though. I reckon it’s a good way to make money from soaring energy consumption around the globe.

ContourGlobal builds and operates power stations across Europe, Africa and Latin America. Demand for its services should hopefully grow as population levels increase and economic output in emerging markets takes off. I also like this particular energy producer because of its growing focus on renewable energy. This could help its share price rise over the long term as the theme of responsible investing takes off.

But I’m aware that today ContourGlobal trades on a high forward P/E ratio of around 29 times. A premium share price always leaves a company in danger of sinking if earnings forecasts start to look a bit flaky. A project delay is one danger that could send ContourGlobal’s share price reversing sharply."

Posted at 20/1/2022 10:16 by woodhawk
Oh, well, be nice to get a special divi too! But still in the doldrums as far as the share price is concerned.... yawn.

"(Alliance News) - ContourGlobal PLC on Thursday said it has agreed to sell its hydro-electric generation business in Brazil to Patria Investments for BRL1.73 billion, about USD313 million.

The price tag includes the assumption of debt, so the net proceeds to ContourGlobal will be USD110 million. The company said it will decide whether to return the cash to shareholders or reinvest it once the deal closes, which is expected in the second quarter."

Contourglobal share price data is direct from the London Stock Exchange
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