We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Energybuild | LSE:EBG | London | Ordinary Share | GB00B1Z47571 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 21.25 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 21.25 | GBX |
Energybuild (EBG) Share Charts1 Year Energybuild Chart |
|
1 Month Energybuild Chart |
Intraday Energybuild Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/1/2014 | 22:48 | EnergyBuild - The New Welsh Power | 652 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 16/6/2010 09:33 by lasata Buy EBG as cheap way into WTN............Western Coal shows ambitious growth plans while GlaxoSmithKline shares show a good entry point, Questor says buy. By Garry White, Questor editor Published: 6:00AM BST 16 Jun 2010 Here's a US stock you can really get your teeth intoQuestor says BUY Speak to any mining analyst in the City and they will all say a similar thing about bulk commodities such as iron ore and coal. The demand and price outlook is extremely positive - much more positive than base metals. Questor remains a bull of the coal price and Aim-listed Canadian group Western Coal has one of the best production growth prospects around. The company plans to increase its output from 3m tonnes a year to 10m tonnes over the next four to five years. It plans to do this organically and without raising new money. It should be able to do this from cashflow. The company has also made some strategic acquisitions in the UK. Last week, the company bought the rest of the shares it didn't own in Energybuild, which produces deep-mined anthracite coal and coal from open-pit mining in Wales at Aberpergwm. Western hopes to increase production here too. The group also bought Aim-listed mining investment group Cambrian last year in an all-share deal. Western's main assets are found in north-east British Columbia in Canada and West Virginia in the US. The group has a 20-year coal reserve base. The company offers exposure to the seaborne coking coal market and the US thermal and metallurgical coal markets the price of all these products is likely to rise as the global recovery takes place. Last year was not a great year for the company as prices for all types of coal plunged. Revenues fell 25pc to C$438.6m (£290m), which caused profits to slump by about 80pc. Coal contract prices fell to $126 (£85) per tonne for hard coking coal and $90 per tonne for ultra-low volatile pulverised injection coal, compared with $300 and $248 respectively in the previous year. Keith Calder, president and chief executive, expects prices will be higher in the upcoming quarter and it certainly does look like the market has reached a bottom. Indeed, coal's share of global energy consumption rose last year to its highest level since 1970, according to BP's recently issued Statistical Review of World Energy. The report also noted that China's coal consumption last year rose by 10pc and India's by 7pc, exceeding growth in GDP. This trend is likely to continue. Western ended last year with C$136.1m of cash and C$82.6m of debt, so the balance sheet is strong. The bulk of the debt is in the form of equipment leases. In 2011, the group expects to produce between 3.7m and 3.9m tonnes of metallurgical coal from its Canadian operations a 75pc rise on 2010 production. It expects to increase US coal production by 70pc this year to 1.7m tonnes. This is an ambitious target, but the group believes it is achievable. For a company that has low debt and a strong growth profile, the shares appear undervalued. They are trading on a March 2011 earnings multiple of just 5 times, falling to 4.3 in 2012. The analyst community is unanimous in the view that the group is undervalued. Of the eight City analysts that cover the company and are monitored by Bloomberg, all of them have a buy stance and the average price target is 506.6p a share, which is some 60pc above the current share price. The Aim listing is the company's secondary listing, with the main listing being in Toronto, where the company has a market capitalisation of C$1.6bn. The shares are a buy for their growth prospects. |
Posted at 14/6/2010 14:41 by lasata Sold too cheaply by the management - inside job?Anyway WTN share price rise will now benefit EBG holders and this could be cheap way into the new owners......... |
Posted at 15/4/2010 12:06 by lasata Time for EBG to join the coal mining share price rise bonanza........ |
Posted at 29/3/2010 14:00 by lasata Jonwig: i am sure WTN will be fair to EBG if indeed they eventually take them out.Kombi: welcome to the silent thread but dont be deceived by this as EBG is an absolute gem......... EBG: not valued at £52 M YET...... WTN: we all wonder what their intentions are HSP: are top company too but dont think WTN would let them have EBG at this stage as there is alot of unexplored coal potential down those valleys and they will want to develop this themselves |
Posted at 29/3/2010 08:11 by lasata Very positive on UK coal producers:Get into coal if profit is the goal Fiona Bond 26.03.10 15:40 Coal has long been hailed the bête noire by environmentalists, but with global demand for energy growing, its popularity is only set to rise. Coal now amounts to nearly a third of UK electricity and with the International Energy Agency estimating that energy demand will shoot up by more than two thirds over the next 20 years, coal companies are poised to take advantage. Western Coal Corporation (WTN), the UK-listed Canadian coal producer, is growing testament to this. The AIM-listed group has pointed to a 59% price increase for hard coking coal for the fiscal year 2011. In addition, the company said it plans on expanding its business, with the Canada, US and UK operations all earmarked for sales growth. In the past month alone, the stock has gained over 52% and analyst Will Dymott of Cenkos Securities believes this trend will continue. "Western now represents a financially strong company with relatively low risk expansion potential financed from cash flows with the aim of becoming a top tier international producer of seaborne metallurgical coal," Dymott said. Watch resident stockpicker Edmond Jackson's view on the firm as he joins forces with iBall TV to pick Western Coal as a stock to watch for 2010. Metallurgical coal is a key ingredient in the making of steel and with global steel production set to increase by around 9% over this coming year, with continued growth from emerging markets, the outlook is positive. Spot prices for metallurgical coal have already risen above the $200 a tonne level, almost double where they stood a year ago. Tim Dudley, analyst at Arbuthnot, believes UK listed coal stocks will continue to attract interest on the back of rising prices. "Those international producers exposed to the seaborne market will continue to see historically high prices. This will be driven by growing demand in China and India against supply limitations, most acute for coking coal due to its relative scarcity as a result to barriers imposed by infrastructure limitations on new production entering the market in the near term," Dudley said. While Asia has typically been known as an exporter rather than importer, the picture has altered of late given that its rapid growth. Barring new coal supply being discovered, some analysts say it could become a key importer. Imports to China shot up to 34.4 million tonnes in 2009, over five times greater than the 6.85 million tonnes recorded in 2008. China is believed to have imported 13.11 million tonnes of coal in February - a jump of almost 200% year-on-year, while the country's northern Shanxi province - which accounts for one third of the country's coal output - also saw a rise in imports to 903,000 tonnes during the first two months of the year. So confident are UK-listed companies of Asian demand, that earlier this month FTSE 100 major BHP Billiton overhauled its coal contracts from yearly to quarterly with its customers across China, India and Japan, effectively allowing it to tap in to rises in the coal price. Charles Kernot, analyst at Evolution Securities, commented: "China's move to a net importer has also impacted international trade flows, putting pressure on shipping capacity and increasing international freight rates. We see little likelihood of this situation reversing in the foreseeable future and expect that China's demand for all forms of energy will continue to squeeze global markets." Coal's significance becomes even more poignant in light of comments from Sir David King, the government's former chief scientist, that the world's oil reserves have been greatly exaggerated. He claims that demand may overtake supply as soon as 2014 and conventional reserves are actually somewhere in the region of 850-900 billion, rather than the 1,150-1,350 billion barrels suggested. Times are looking equally promising for UK domestic producers, which should benefit from the change in dynamics which make it economically unviable to import coal. Dudley said: "UK domestic producers should benefit from the prospects of a weak pound, as spot and new contracted prices will be largely marked off the US dollar quoted price of coal, while rising freight rates, driven by raw material consumption in developing countries, reduce the economics for UK generators to import coal. This creates a great environment for many of the UK-listed coal companies to grow." However, it is difficult to ignore the noises coming out of global governments that the world must place itself on a low carbon footing. Greenpeace has slammed coal-fired power stations on the basis "we can't cut our CO2 emissions by 80% by 2050 and keep pumping the stuff out of our power plant", and while there remains a lack of carbon prices in most advanced economies, there continues to be uncertainty surrounding the possibility of future proposals. UK energy supplier RWE npower recently urged the government to come to an agreement with energy companies and consumers to encourage investment into alternative energies, while the UK Department of Energy and Climate Change has pledged its support for Carbon Capture and storage technology. However, Dymott of Cenkos Securities, believes coal companies will adapt to the changing ways. "There are a number of new cleaner methods and I believe companies are moving in the right direction. There will be growing concern about blackouts and power supply shortages so I believe investors will continue to keenly look into this area." |
Posted at 24/3/2010 17:37 by jonwig WTN wouldn't want to commit cash in tidying up EBG to 100%, but if its own shares rank better than cash, they might give it a thought. I don't hold any WTN but wouldn't object to swapping my holding in EBG for a reasonable price. |
Posted at 18/3/2010 09:58 by jonwig Thanks Lasata, I missed that for some reason.I'm not sure of the significance of the statement that EBG will increase its production by 180%: tons or $? And the timescale presumably is that of the previous paragraph: April 10 to March 11. Tonnage in the HY to Dec 09 was only 95,000t thanks to delays. Annualising that to (say) 200,000t suggests 360,000t as the production WTN refers to. That's still not as significant, I think, as EBG's own statement: ... well placed to progress towards its goal of producing 750,000 tonnes of clean coal by the end of June 2013 Also, I think the opencast segment will decline, so if the numbers refer to deep mine then we start to get impressive. Anyway, the share price seems to be on one of its periodic upswings before dropping back. Will it top 30p this time? |
Posted at 18/3/2010 09:41 by lasata Note ref to EBG: Sales growth of 180%............(WTN), the Canadian/US coal producer which is listed on AIM, yesterday alongside its existing quotation on the Toronto Stock Exchange, has delivered startling news in recessionary times. In a context of achieving strong coal sale prices, the company has announced a fiscal 2011 (April 2010 to end-March 2011) operating plan aiming at total sales of six million tonnes, up 75% on fiscal 2010. Metallurgical coal is expected to represent 80% of total shipments, relative to thermal coal, and reflects firm demand for example from the global steel industry. In terms of regional expansion, Canada, the US and UK operations (a 54% holding in AIM-listed Energybuild, operating in Wales) are targeting sales growth of 60%, 100% and 180% respectively. Moreover, with the price of hard coking coal expected in a range of US$ 200 a tonne and cash costs below $100 a tonne, together with about $150 million cash at bank at end-December 2009 Western says it has enough cash to fund all organic growth plans for the year. Management has negotiated a sales price of US$200 a tonne for hard coking coal and $170 a tonne for its low-volatile PCI coal for 75% of sales in Asia for fiscal 2011. These prices are for April to June 2010 and reflect a 59% increase for hard coking coal and 89% for low volatile PCI coal contracts. This benefits from strong global coal prices prevailing, liked to Indian and Chinese demand especially. |
Posted at 17/12/2009 07:51 by septimus quaid RNSRegulatory Story Go to market news section View chart Print Company Western Coal Corporation TIDM WTN Headline Participation in Energybuild Fundraise Released 07:00 17-Dec-2009 Number 2788E07 RNS Number : 2788E Western Coal Corporation 17 December 2009 Western Coal Participates in the Energybuild Group Plc Equity Issue Vancouver, B.C. December 17, 2009 - Western Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) ("Western" or the "Company") announced today that it has agreed to subscribe for approximately 58.2 million ordinary common shares at 15 pence each in Energybuild Group Plc's (AIM: EBG) ("Energybuild") recent £14.5M share placement (the "Placing"). Approximately 29.8 million of the shares subscribed by Western were from the conversion of £4.5 million in loans previously made by Western to Energybuild. As part of the Placing, an additional 28.4 million shares were acquired for cash. In total, this brings Western's participation to 58.2 million shares. Proceeds from the Placing, along with internally generated cash flows from its operations, will be invested by Energybuild to grow production at its underground mine in Wales to a target of 750,000 tonnes per annum by 2013. On completion of the Placing, Western will own approximately 124.0 million ordinary common shares, or approximately 54.7% of the share capital of Energybuild. Western is a substantial shareholder of Energybuild and therefore, Western's subscription to the Placing is a related party transaction under AIM rules for Energybuild. The Board of Directors of Energybuild include Mr. Braam Jonker, Western's Chief Financial Officer, and Mr. John Hogg, senior consultant to Western and recently retired Chief Executive Officer. About Western Western is a producer of high quality metallurgical and thermal coal from mines located in northeast British Columbia (Canada) and West Virginia (USA). The mines have the capacity to produce 7 million tonnes per year and have over 20 years of coal reserves. Western also currently owns a 50.6% interest Energybuild (EBG: AIM) which produces high quality anthracite and thermal coal in South Wales (UK). The Company is headquartered in Vancouver, BC, Canada, and trades on the AIM and TSX stock exchanges under the symbol "WTN". More information can be found at www.westerncoal.com About Energybuild Energybuild is a producer of Welsh anthracite and surface mined coal. The Company is presently developing the Aberpergwn underground mine and adjoining underground anthracite coal reserves and resources in South Wales (UK). Energybuild also operates a surface mine and reviewing further possible surface mine sites in the region. Energybuild is listed on the AIM as "EBG". Further information is available at www.energyubuild.co. For further information: David Jan Director, Investor Relations 604.608.2692 David.Jan@westerncoa This information is provided by RNS The company news service from the London Stock Exchange END MSCXDLBFKLBFFBV |
Posted at 04/12/2009 12:30 by jonwig Gingellenator. Are you confusing the existing £4.3m facility with the possible forthcoming fundraising of an issue of up to 130m new shares?The £4.3m facility, if fully drawn, will cost EBG around £0.6m pa in interest, which will accrue. PBT last year was £1.9m and is forecast at £2m this year. As at 30/10, only £0.9m had been drawn. So the size of the interest charge doesn't appear to be as material as you suggest. The proposed 130m share issue would lead to WTN holding around 75% of the share capital (assuming they take it all), and conversion of the full £4.3m loan into equity would lead to them controlling about 78%. None of this is particularly good news for 'outside' shareholders, which is no doubt why the share price had fallen back. But you don't need to spin a new yarn when things are as they are!! |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
