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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Infinis | INFI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 184.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 184.50 |
| Top Posts |
|---|
Posted at 01/1/2016 04:06 by osirisra SVS have credited me in cash TWICE and I'm still showing my full holding of INFI as well. Unfortunately I can't believe that situation will go unnoticed. In short though, I have my cash. |
Posted at 04/11/2015 17:12 by 11_percent pro,Good post,applies to all AIM scam shares. I amm breaking even, bit ahead because of the divi, but a very bad experience. The take out has saved me. Have not been in long enough or deep enough to know if it was a set up from day one. |
Posted at 22/10/2015 16:14 by stewartf Monterey could have offered any price they liked, but they didn't. They offered a price that, in the view of the Independent Directors of Infinis advised by Barclays Bank and RBC Capital Markets, is considered to be fair and reasonable. They need to be mindful that they will need the support of a further 6.5% of the votes in order to achieve the 75% required to make the offer unconditional.I think there will be quite a few shareholders who will be glad to be able to exit somewhere around breakeven. Up until this morning I thought I was going to be locked into these for years to come if I didn't want to take the loss. Now I've calculated that I will get out in December with a negligible profit of about a hundred quid. So I'm not too disappointed by the announcement. I also think that current Government policy regarding renewables is largely responsible for the decline in the share price. Announcements by Infinis have warned that there would be a negative impact on profits and that the dividend policy would have to be reviewed. I take that to mean a dividend cut, which income investors like me would have not been happy about. Of course, if all the small shareholders band together and threaten to reject the offer, they may sweeten it a bit to ensure they do get the 6.5% of acceptances they need. I wouldn't be unhappy about that either. |
Posted at 22/10/2015 10:59 by bit thick "Robbed" is very tactful, I feel shafted! Have sold today at a loss. No point holding for the divi. |
Posted at 22/10/2015 09:43 by skinny Re dividend - from today's RNS :-"Monterey reserves the right to reduce the price of the Acquisition by the amount of any dividend which is declared, paid or payable by Infinis after the date of this Announcement." |
Posted at 22/10/2015 07:19 by micos I don't know when but I have a note that it goes XD on 19/11 and an interim payment of 6.1p will be paid on 10/12. On reading the offer, the purchaser reserves the right to reduce the amount of the offer by the amount of any dividend paid in the interim. |
Posted at 22/10/2015 07:07 by prokartace when was this divi announced? |
Posted at 22/10/2015 06:59 by micos Are we getting the dividend XD on 19/11? |
Posted at 13/7/2015 09:08 by jonwig winsome - you're right that dividend needn't be covered by eps, and that cashflows are big enough to provide for more than half the current payout.(In fact, I didn't suggest the dividend would be halved, only eps.) But the depreciation of tangible assets (large!) is essential to provide for future repairs and replacement ... did I read recently that wind turbines have a lot shorter active life in fact than is usually provided for? Disposal of INFI by Terra Firma is beginning to look unlikely, maybe? Other renewables funds have announced asset value writedowns, so it's a thought that INFI might be bumping against debt covenants. Worth looking into, anyway. EDIT: Salpara - don't ignore floats per se, just the Private Equity offloads which are full of debt. INFI, of course, but also HSS, DFS this year. |
Posted at 14/1/2014 08:22 by cwa1 Morning AllRBC have Infinis included in their: Pan European Mid-Small Cap Best Ideas for 2014, released this morning:- Page 15 if you want to skip to the meat! Infinis, the largest independent UK renewable generator, in our view, has an attractive mix of cash flow and yield with exposure to rising power prices. We outline four reasons to own Infinis: Cash flow generation: Landfill gas and wind assets have low (or in some cases, zero) fuel/royalty costs. This results in EBITDA margins of around 60% that drive mid-teen FCF yields pre-growth capex, or 8-11% post-growth capex. Thus, even after growth capex, Infinis is forecast to generate £450 million of cash over the next five years (~60% of market cap). Compelling dividend, 7.1% yield in FY2015E: Strong cash flows allow Infinis to commit to an 18.3p dividend for FY2015E, with annual growth targeted at least in line with RPI. This dividend is covered 1.8-2.2x by FCF (pre-growth capex) over the balance of the decade. Organic growth potential: Infinis developed the last 52.5MW of its 274MW wind portfolio in-house and has a dedicated team of 17 individuals that will focus on delivering 130-150MW of new organic wind capacity by FY2017. This, alongside rising power prices, drives recurring EBITDA growth from £125 million in FY2013A to ~£190 million in FY2018E. Exposure to attractive UK power price fundamentals: In our opinion, Infinis is the 'cleanest' way to gain exposure to rising UK power prices, which we forecast will rise from £54/MWh in 2014E to £74/MWh in 2020E. Each £5/MWh on top of our forecasts, adds ~30p/sh to our valuation. Valuation We highlight dividend yield and FCF as key valuation metrics that we see as attractive. On top of this, Infinis is trading on an EV/EBITDA multiple of only 9.0x for FY2015E versus the 10.0x implied in our 310p price target. While a 10x multiple is slightly higher than mainstream utility peers (such as SSE), it is appropriate given the predictable nature of cash flows where 60% of revenues are underpinned by ROC's. Indeed, it compares favourably to the low-teen EV/EBITDA multiples of the listed renewables funds, such as TRIG, Greencoat and Foresight Apologies for formatting, can't be bothered to go back and tidy it all up :-) |
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