Greenko Share Discussion Threads

[banking1] 04/6/2013 17:02

been waiting a while for this to start moving - company progress must be reason behind other funds moping up the overhang....surely the progress mae isnt being reflected in the share price given were we have seen the share price and were we are today?

180p+ imo in s/term

[banking1] 04/6/2013 17:02

been waiting a while for this to start moving - company progress must be reason behind other funds moping up the overhang....surely the progress mae isnt being reflected in the share price given were we have seen the share price and were we are today?

180p+ imo in s/term

[azalea] 04/6/2013 15:42

In addition to S.T repeating his 'Buy' recc, RNS 26 Apr 2012, contains some interesting facts on Long Term Incentive PlanP LTIP) awarded in 2010. ACMK has a further 5,100,000 options which are part way through the vesting period of 3 years from March 2011. These options are subject to a target of 500MW of operational capacity being achieved at a suitable profitability and vest only once the share price reaches certain price hurdles at the end of the vesting perion. At 270p, 50% of the award will vest, at 300p 75% will vest and the balance vests at 330p, measured as the 30 day average closing market price at the end of the vesting period. The subscription price for each new ordinary share is 170p per share.

[blondeamon] 03/6/2013 12:14

Tipped again by Simon from IC, the guy loves this company!!

"I have it on very good authority that "most of the stock sold was from two funds that have suffered redemptions plus one large fund that had been instructed to reduce its smaller holdings. None of the sellers were selling for Greenko-related reasons, but for external factors."

So with the overhang now cleared, it is only reasonable to expect Greenko's share price to now make some headway. This seems to be happening with the price moving up to a spread of 126p to 132p. I remain a buyer."

[bones30] 03/6/2013 11:46

So who was the seller? Strange not to hear yet.

[bones30] 30/5/2013 16:07

That's 3 now... all increases. I expect to see who's been selling though.

[ntbb] 30/5/2013 16:01

a lot of institutions holding this stock now so there wont be much free float, small amount of buying would trigger a breakout, imo

[bones30] 30/5/2013 15:53

Prudential increasing.

[ntbb] 30/5/2013 15:45

l2 looking very interesting now

[bones30] 30/5/2013 15:37

Small trades moving this now...

[cestnous] 30/5/2013 15:30

So Lloyds has gone to 6.27%?

[bones30] 30/5/2013 15:21

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11598824

LBG increasing... but that's not the whole story. Expecting more of these. Looks to me from the trades like a few different entities (LBG being one) may have cleared out a seller.

[bones30] 30/5/2013 14:09

Finally moving in the right direction I think. MM ARDA moved up now also.

[bones30] 30/5/2013 13:23

And the deal was done at 120p. I suspect we should see holding RNS announcement or two.

[phowdo] 30/5/2013 12:47

L2 looks healthier that's for sure, with only market makers on the Ask now.

Worth noting some small trades are going through the ISDX:

http://www.isdx.com/forcompanies/ourcompanies/companydetail/Trade.aspx?securityid=100728

[smudgeroo] 30/5/2013 12:19

Yep, approximately 5.4% of the company changing hands yesterday.

[bones30] 30/5/2013 12:13

Biggest volume yesterday in this share, ever, by the looks of it. Be interesting to see if buys start to move the price up now. The market maker Singer appears to have moved up after that 2000 share buy this morning.

[ntbb] 30/5/2013 11:30

if its seller then it looks cleared, should be interesting now

[bones30] 30/5/2013 10:13

Big volume.

[cyfran101] 23/5/2013 19:54

Very interesting read Bones!

[vigneron1] 12/5/2013 15:00

I have been an investor in greenko for a couple of years.The share price has stalled recently, but I note there are not toomany sellers.Great long term investment as they build up their infrastructure they will be a cash cow. The Indian government are right behind green energy because their conventional electric supply is so unreliable.If I have one criticism it is that they don't communicate greatly with shareholders. I questioned this last year and they told me that they would be endeavouring to improve in 2013.

[cestnous] 10/5/2013 14:44

Also; Moneyweek two pager on Indian investment gives Greenko as a buy today.

[cestnous] 10/5/2013 09:07

From Simon Thompson in I.C. today;

Greenko shares waiting to power up
Shares in Greenko (GKO: 125p), the Indian developer, owner and operator of clean energy projects, have yet to make progress towards my 200p a share fair value target. In fact, having advised buying when they were priced on a bid-offer spread of 134p to 138.5p, the holding is currently down around 10 per cent ('Buy signal flashing green', 18 Mar 2013).
However, the investment case is firmly intact and I remain a buyer of the shares at 125p ahead of the company's full-year results to the end of March 2013, scheduled for release in mid-July.
Ramp up of capacity
My interest was sparked by news of a proposed £100m investment in Greenko Mauritius by an affiliate of the Government of Singapore Investment Corporation, one of the world's leading sovereign wealth funds. The shares are convertible on a one-for-one basis into ordinary shares in Greenko subject to final adjustment between 1 July 2015 and 30 June 2017. The initial investment is equivalent to a minimum of 19.5 per cent of Greenko's share capital on a fully diluted basis.
Importantly, the new funds will enable the company to ramp up the construction of its substantial power portfolio and take advantage of the attractive power opportunities in India. Greenko has added six new run-of-river hydro projects totalling 425 megawatts (MW) to its active development pipeline. Two of these are additions to the existing hydro cluster in Himachal Pradesh and a further four projects are being added to form a new regional cluster in Arunachal Pradesh, with site work expected to start at both locations in late 2013. With the £100m new funding in place, Greenko is now targeting approximately 2,000 MW of operating capacity in 2018, double the target for 2015.
Analysts at broker Arden Partners value the new capacity at €126m (£107m), which is significant considering Greenko's equity is currently being valued at £188m. However, if the above targets are met then we can realistically expect a sharp ramp up in Greenko's revenues and profits this financial year and next.
Robust earnings growth forecast
Analyst Adam Forsyth at Arden currently forecasts revenues of €42.8m and operating profits of €16.3m in the 12 months to March 2013, rising to €78.2m and €40.4m, respectively, in the current financial year to March 2014. The estimates for the 12 months to March 2015 are for revenues of €128m and operating profits of €78m.
On that basis, EPS rises from 4.5¢ in 2013, to 6.75¢ in 2014 and 16.2¢ in 2015. The point being is that if Greenko can hit these targets and treble revenues and boost profits five-fold over the next two financial years, then it is only reasonable to assume that the company's share price will start to reflect the upside which the Government of Singapore Investment Corporation clearly sees in the revenue generating potential of the power generation assets.
Technical analysis
Having traded between 100p and 140p between December 2011 and earlier this year, a break-out above the top of the range would complete the base formation. I still believe that this will happen.
In fact, although Greenko's share price peaked at 152p in the days after the announcement of the new funding, and has since drifted back to their 200-day average around 125p, this has unwound the 14-day RSI to a neutral position. In my view, a positive set of full-year results and an upbeat outlook statement would be enough to make up the lost ground. Trading on a bid-offer spread of 123p to 125p, I remain a buyer of Greenko's shares.

[ntbb] 09/5/2013 12:27

bit of activity