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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Indian Energy | IEL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 24.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 24.50 |
| Top Posts |
|---|
Posted at 22/7/2011 20:06 by htrocka As previously stated..I`ll go along with them for twelve months..and see how this pans out. Guggeneim seem to think buying IEL was good idea.an extract from the above.(dated Feb 2011..the last paragraph) `In particular, following the generation of predictable revenues from the Company's existing investments as well as from the interests acquired in IHDC and VLMS, the Directors and the Proposed Directors intend to give appropriate consideration to the commencement of the payment of a regular dividend, which is anticipated to be within the next 12-24 months, subject to the availability of an appropriate level of distributable reserves, the Law and the Articles. Any such decision will be based on the intention of the Board to start generating an income stream for investors in the Company, while ensuring the retention of an appropriate level of earnings consistent with the management of the Company's activities. |
Posted at 21/7/2011 17:26 by gamma99 look at the directors dealing level in sep last year 31p!! So they get out flat and will have to commit to IIP to keep their jobs. I think they must be holding on for a higher all cash offer. Or am i too cynical. |
Posted at 16/7/2011 09:04 by htrocka We`re now on the home run...and the winning post is in sight...(It`s been posted before...but for the newcomers...) First published in Cleantech magazine, January 2011. Copyright Cleantech Investor 2011 By Andrew Hore It is a sign of the fragmented nature of the wind power sector in India that Indian Energy's first project alone puts it in the top 60 largest wind energy generators in the country. Indian wind farms developer and investor Indian Energy joined AIM on 2 September 2009. A placing raised £9.75 million at 82p a share, valuing the company at £20.3 million and helping to finance Guernsey-registered Indian Energy's growth. The costs of the flotation were a hefty £1.15 million. Indian Energy was founded by managing director Rupert Strachwitz and Dr Pankaj Agarwal in 2006. Strachwitz has a background in private equity, while business development director Dr Agarwal has experience in the development and commercialisation of new renewable technologies. The Gadag Plains project in the state of Karnataka was already up and running at the time of Indian Energy's flotation. Fully commissioned in February 2009, the project should produce 55.8 million kWh of electricity each year. However, this year the region experienced poor winds during the monsoon months, which meant that 25% less power was generated than expected. According to Indian Energy, its 16.5MW wind farm at Theni in Tamil Nadu started supplying power to the grid in October, generating approximately 17.85 million kWh of energy for the period to the end of October. Although generation started later than hoped, the performance has been better than expected. All this means that Indian Energy's figures for the year to March 2011 will not be as good as previously expected, with the anticipated loss higher than had been forecast. The company wants to own wind farms with a capacity of 300MW by the first quarter of 2013. It has signed memorandums of understanding with Regen and Suzlon for a total of 250MW of capacity, but financing that capacity is likely to be a problem. More cash will need to be raised in order to get a third project off the ground. Indian wind farm developer Indian Energy has arranged a £2 million loan facility to help it secure options over further wind projects in the country. The firm has plans to expand its operating portfolio from its current level of 41.3MW to 300MW by 2013. The loan facility, with Utilico Emerging Markets, will bear interest at 10% per annum initially, rising to 12.5% from January next year, and will be repayable by the end of July 2011. News of the loan facility came after Indian Energy announced an increase in revenues for the year to 31 March 2010. Turnover doubled to £2.2 million, although the firm's loss before tax also increased to £3.6 million (2009: £1.4 million). At the end of March Indian Energy had cash of £3.7 million, while its net debt was £7.8 million. The firm floated on London's Alternative Investment Market in September last year, raising £9.8 million. The company's strategy is to acquire wind farms at their pre-construction phase. These projects have land already secured and key permits in place, so the majority of the development risk has been mitigated. Indian Energy successfully commissioned its first wind farm, a 24.8MW development at Gadag in Karnataka, in February 2009. The firm's second wind farm is a 50MW project at Theni in Tamil Nadu. Theni's first phase consists of 16.5MW of turbines, and this due for completion during the next few weeks. The second phase consisting of 33MW of turbines was originally scheduled for completion by the end of this year. Indian Energy has contracted to sell the power from its existing projects to state electricity boards under long-term power purchase agreements for up to 20 years. Indian Energy's revenues are estimated to increase to £3.1 million during this financial year, while its pre-tax loss is forecast to come in lower at £1.2 million. Market: AIM Symbol: IEL Price: 44p 12 month high/low: 86.5p/44p Market cap: £11.2m |
Posted at 13/7/2011 09:54 by energiser01 Some speculation re Utilico on here, they announced the followng yesterday, so they have some cash if reqd perhaps ? Timing may not align and be just a coincidence, as they say to reduce debt.Utilico Investments Limited Portfolio update Utilico Investments Limited ("UIL") has today sold 15.0m Infratil ordinary shares ("Infratil shares") at NZ$1.80 per share through the market to an institutional investor. UIL has also today entered into an agreement to sell a further 15.0m Infratil shares to HRL Morrison & Co. Limited, Infratil's investment manager, at NZ$ 1.85 per share, conditional upon the approval of Infratil shareholders prior to 30 September 2011. The agreement provides that 10.0m Infratil shares will be settled shortly after Infratil shareholder approval with the remaining 5.0m Infratil shares due to settle on 30 March 2012. UIL will retain all dividends and other distributions and be able to vote the shares until settlement of each tranche. These sales are together expected to reduce UIL's largest investment, Infratil, by some £28.5m to £78.0m, a reduction of 26.8%, and reduce Infratil from 25.4% of the portfolio to 18.6% (assuming funds are reinvested). While UIL has been both pleased with Infratil's operational performance and supportive of its investment manager, UIL believes that it is sensible to reduce its holding in Infratil and take advantage of the high NZ Dollar exchange rate. Initially the funds will be used to reduce UIL's bank debt which is drawn in NZ Dollars. dyor etc.. |
Posted at 10/7/2011 08:12 by htrocka 9 days to go.....and counting.(ps..having read this again...I doubt very much that IEL will be sold on the basis of `an increased 3-5x EBITDA`(this is the value the market is currently giving IEL)...hence my conclusion being that some form of intergration/consoli one final point...It`s interesting that UTILICO, the largest shareholders, base their whole management criteria and company valuation on NAV`s.( as can be seen from their news rns`s (UEM))..this factor may enter into the IEL negotiation equation? |
Posted at 26/6/2011 20:03 by htrocka from the rns....."We have sufficient capital to go on for some time but we don't believe being in limbo is creating any value for our shareholders," he said. "We want to see a deal concluded in a relatively short period of time," whether that's finding an investor or selling some assets, Strachwitz said. The interesting point is that whatever the out come......Strachwitz |
Posted at 02/6/2011 15:24 by showmethehoney Sector related................Greenko to raise £50m for wind farm projects By David Blackwell Published: June 2 2011 04:34 | Last updated: June 2 2011 04:34 Greenko, the Aim-quoted Indian clean energy specialist, is to raise £50m ($82m) to expand its wind farm projects. The company has secured concessions to develop wind farms in three states, taking its portfolio under development to more than 1GW It has also extended its partnership with General Electric, which is to supply and maintain 1.6MW turbines specifically designed to make the most of the lower wind speeds in India. They are 85 metres high, with blades 80 metres in diameter, and should keep the cost of generation relatively low. The £50m is being raised through the placing of more than 22.2m shares at 225p each, a discount of about 4 per cent to Tuesday's closing price. The directors have agreed to subscribe a further £5m for 2.2m shares within a year of the completion of the placing. The fund raising marks only the second time the company has returned to the market after flotation in 2007 at 98p a share. Early last year it raised £72m at 140p. A recent report on Indian power companies from Matrix said growing problems over the supply of coal to Indian generators "gives us increasing confidence that the investment opportunity in the UK-listed Indian power companies remains attractive". Ambrian, an independent broker, said Greenko offered "a more de-risked proposition" than some, and said its wind assets were likely to be at the top end of the average performance in India. The shares closed down 0.62p at 234.6p on Wednesday. Wind power has become an increasingly important part of Greenko's overall portfolio. When the company joined Aim it was specialising in hydro power and biomass. In April it announced concessions in the south-western state of Karnataka that allowed it to build a 300MW wind farm. The first stage is expected to be completed, and electricity to be sold in September. News of further concessions in Karnataka, Andhra Pradesh and Rajasthan will add a further 650MW of wind power to the group's portfolio, which now totals 1.6GW. Tim Bowen, Greenko's, investor relations director, said that wind had grown in importance, but long-term portfolio would be balanced half and half between wind and hydro. "Wind technology has advanced, and that's why we have plunged in," he said. "We can see the returns that we want." The company also said it expected to meet market expectations for the year to March 31 when it reports preliminary results in August. Arden, its broker, is forecasting earnings before interest, tax, depreciation and amortisation of 25m, up from 5m in 2008-09. The latest fundraising is expected to result in 540MW of wind power being operational in two to three years time, generating enough cash to carry on rolling out the programme. Arden is predicting that if all goes to plan, ebitda should rise to between 200m and 250m, suggesting a rise in the share price to 500p |
Posted at 15/4/2011 14:51 by finkus Baldeagle5 - maybe there are more bidders out there for a better price. That could of course slow down the closing. There might be a couple of investors out there looking for opportunities like IEL. |
Posted at 14/1/2011 23:35 by htrocka I thought I`d reply to Transforma`s query about current valuation.Read the RNS...No ones over a barrel here. The management have been shrewd enough to introduce many potential `strategic investors` into the equation...yet have signed a `due diligence` letter with only one company....which gives them access to the books...so far so good. Who ever the signatory to the letter is, it sounds as if it`s gone far enough to exclude other interested parties...and this will be resolved quickly. It sounds as if the management want this particular deal to go through which infers a partnership as opposed to a takeover. What ever the deal is......the shareholders, without a doubt, will have the final say.... Let`s be honest here...UTILICO could probably muster enough backing to block any deal they`re not happy with....so if UTILICO, who have a lot of interest in this one, are happy....then I`ll probably be happy. Indian Energy Limited Update on previous announcement Indian Energy Limited (AIM: IEL.L), the independent power producer that is focused on wind farms in India, wishes to update shareholders following the announcement, made on 23 December 2010, that it is engaged in discussions with a number of potential strategic investors. The Board are pleased to announce they have signed an exclusivity letter with a company to allow due diligence to take place. The Board will update shareholders on further developments in due course RAB Capital dumped all their IEL shares...(just as they did with GRL...which went down to 0,65p...then rose to 6.5p.....even the `big boys` get it wrong occasionally ) |
Posted at 14/1/2011 08:02 by pre get ready for some fireworks here today...RNS Number : 4612Z Indian Energy Limited 14 January 2011 Indian Energy Limited Update on previous announcement Indian Energy Limited (AIM: IEL.L), the independent power producer that is focused on wind farms in India, wishes to update shareholders following the announcement, made on 23 December 2010, that it is engaged in discussions with a number of potential strategic investors. The Board are pleased to announce they have signed an exclusivity letter with a company to allow due diligence to take place. The Board will update shareholders on further developments in due course For further information see www.indian-energy.co Indian Energy: Rupert Strachwitz +44 20 3411 3640 Shantanu Bagchi +91 22 4208 6666 Arden Partners Chris Hardie +44 20 7614 5917 Nominated Adviser and Joint Broker Execution Noble Richard Crawley +44 20 3364 6793 Joint Broker Pelham Bell Pottinger Archie Berens +44 20 7861 3232 Public Relations Francesca Tuckett This information is provided by RNS The company news service from the London Stock Exchange END MSCGGUCWGUPGPUW Indian Energy (LSE:IEL) Historical Stock Chart 1 Year : January 2010 to January 2011 Indian Energy (LSE:IEL) Intraday Stock Chart Today : Friday 14 January 2011 Bookmark With : LSE, Forex and PLUS quotes are live. NYSE and AMEX quotes are delayed by at least 20 minutes. All other quotes are delayed by at least 15 minutes unless otherwise stated. The Spread Bet Centre :: The CFD Centre :: Financial Glossary :: Forex Rates, Charts & News :: ADVFN Videos By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions :: Contact Us :: Request an Exchange :: Affiliate Scheme Copyright 1999-2011 ADVFN PLC. Copyright Notice & Privacy Policy :: Privacy Policy :: Investment Warning :: Advertise with us :: Data accreditations :: Investor Relations :: Press office :: Jobs 30 site:2gb lse iel110114 08:01 ADVFN |
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