Corcel Share Discussion Threads

[bambos22] 27/2/2022 13:32

Big bucks incoming

[arlington chetwynd talbott] 27/2/2022 01:50

Can you quote the offending projections so that we can be clear that they were projecting revenue per share and not just NAV per share?

[lurker5] 26/2/2022 22:11

Align had to be baled out last year for losing £1/2million on some of its other 'convictions'. With the power revenue ring-fenced inside the SPV's Corcel will have to keep issuing shares to fund acquiitions, meaning Align's per share projections are wrong on two fronts. That is basic incompetence. WHIreland' is at least more honest in projecting increasing borrowings although still puffing an absurd share 'target' that doesn't accord with them.

[a1samu] 26/2/2022 21:47

Align & partners have accumulated 27.5M shares. At least they put their money where their mouth is. What is of concern that NG is involved whereas with their billions they could created an innumerable number of facilities with which CRCL is struggling to get to grips with.

[bambos22] 26/2/2022 20:42

Avonmouth and Tring are being marketed as one package ;)

[arlington chetwynd talbott] 26/2/2022 20:03

How is anyone trying to misrepresent these projects or suggest that what is ultimately attributable to CRCL will be unrealistically large? We all know that other parties are necessarily involved (I particularly like the sound of Arlington Energy) and that we still await financial close.

[kemche] 26/2/2022 19:12

Yes - but apart from that it is all whoosh!

[lurker5] 26/2/2022 17:53

Depends on the capital cost (never disclosed by any of these cos) but which from similar plants with balance sheets on Companies House can be estimated at £35-£40m for a 50MW plant. That doesn't appear in published info (for Corcel or MAST) because contained within the Special Purpose Vehicle which owns each plant and is financed outside Corcel and Mast. The correct financials are to relate the 'returns' Mast and Corcel trumpet (which also arise within the SPV) against that capital employed, and NOT as they would have you believe available to Corcel and Mast top companies until the loans have been repaid. Mast and Corcel kow they are misleading investors. Align is too incompetent either to work out what is really happening or even to try to find out. Its why its 'projections' are totally ramped grotesque nonsense.

[arlington chetwynd talbott] 26/2/2022 17:02

Can you show your working on that 3.5% p.a.?

[lurker5] 26/2/2022 10:44

Yeh ! - approx 3.5% pa return on the peaker plant capital cost. 'Tremendous news' my eye ! And subject to financial committmment (thats what 'provisonal' means) Where'sthe financial committment then ? Funding will cost 8% ! (Align doesn't know that let alonemention it) and still hasn't arrived

[kemche] 25/2/2022 11:46

Excellent research by Align.

[a1samu] 25/2/2022 11:42

Align research writes:

Tremendous news for Corcel released which will serve to improve the returns from the peaker plants. Yesterday, the company was able to update investors on the recent T-4 Capacity Market auction, which established a UK record high price of £30.59 per kw per annum (£30,590/MW/annum) which is 70% higher than that achieved last year.

Tuesday 22nd February 2022, saw the T-4 Capacity Market Auction for delivery in 2025/26. Well, Corcel’s Avonmouth gas peaking project was successfully entered into the T-4 Auction and has been provisionally awarded a 15-year Capacity Market contract by National Grid. The final results of the T-4 Auction are to be published on 4 March 2022, but no further changes are expected at that time.

For the Avonmouth 50MW gas peaking project, Corcel was provisionally awarded a 15-year Capacity Market contract with National Grid, which would provide guaranteed gross revenue of approximately £1.5 million per year starting in 2025. What’s more this is index -linked over this period. Basically, the Capacity Market is a mechanism used to procure capacity to make sure that the National Grid has enough generation capacity to meet security of supply standards that it is required to maintain.

[arlington chetwynd talbott] 24/2/2022 15:42

I was just poking gentle fun at the permabears.

[a1samu] 24/2/2022 15:31

what jailtime for NG?

[arlington chetwynd talbott] 24/2/2022 14:41

Yes, it is clearly out and out fraud, administration beckons at best, jail time is very much on the cards though.

[kemche] 24/2/2022 14:12

Gross revenue of - how much net??

beginning in 2025 - alrighty then

conditional on a successful completion of the existing project funding process - WTF?

and project construction - WTF???

and that commercial terms with FPC Electric Land Limited around the sharing of the benefit of the Capacity Market contract are still to be negotiated. - WTAF????

Otherwise it's all go.

Whoosh!

[kemche] 24/2/2022 14:04

"The Company cautions that its rights to 100% of the Avonmouth Project remain conditional on a successful completion of the existing project funding process and project construction and that commercial terms with FPC Electric Land Limited around the sharing of the benefit of the Capacity Market contract are still to be negotiated."

There is that of course.

Whoosh!

Shovels at the ready.

Sheesh!

[arlington chetwynd talbott] 24/2/2022 13:40

Shocking RNS. This is clearly a zero.

[helpfull] 24/2/2022 11:54

Oink! Oink! Anyone?

Nonsense tweet by the company today:

"Burwell

-Site to come online within 14 months of financial close"

Perhaps the company should update the shareholders about the problems and delays at Burwell first as mentioned in the 8th November 2021 RNS. Burwell is turning into the rottenest of carrots. Cart and horse?

It minds me about the "revenue before the end of the year" for the Southport peaker. Where is Southport now? Probably better to mention the war.

Expect more of the same. As long as it keeps Scottie and Parsons in £35,000+ of clover every month.

Be careful.

[kemche] 23/2/2022 15:49

Get off your's lol

[bambos22] 23/2/2022 15:38

On yer bike lol

[kemche] 23/2/2022 15:06

The cycle!

[bambos22] 23/2/2022 14:43

Renewal of what?

[toploadermike] 23/2/2022 00:47

EL1390 hearing complete, renewal pending.

[kemche] 21/2/2022 11:47

That Richie is a card!