INFINIS ENERGY Share Discussion Threads

[reddave999] 12/7/2015 21:23

Like a few on here I have been in since the float and followed the story, I don't see any way back, so for that reason I'm getting out.

[mrphil] 10/7/2015 15:23

Have a feeling you could be right cabreado, this is getting silly now.

[cabreado] 10/7/2015 15:09

Average down or sell at loss... Maybe the latter.Tough as I thought there was something promising with this guys.Next bit of news will be about the dividend and that perhaps will tank it.

[mrphil] 10/7/2015 14:23

Looking at how steep that graph is, I hope they've got regenerative braking - would be enough to power another half a million homes!

[skinny] 10/7/2015 12:17

Just eight years then to cover the 40% loss since float!

Still smarting!

[salpara111] 10/7/2015 12:09

I would imagine they will now have to pedal back from their divi commitment, having said that, even if they cut it in half they would still be yielding over 5% so not that bad.

[jonwig] 09/7/2015 08:47

They've just estimated a reduction in EBITDA of about £10m pa going forward. That's from the last figure of £140m, so a lot less than I'd have thought- about 7%.

But the over-leveraged company structure is going to magnify this at eps level, and impact the dividend.

EDIT: looking very roughly at the accounts, eps could halve, and take half the dividend with it.

[cabreado] 09/7/2015 08:35

Eric is disappointed, but we are bloody p!ss @ff.

[cabreado] 09/7/2015 08:33

Eric machiels sounded flaky defiant by saying "Infinis now looks to the government for regulatory stability." Is that really all you have to say? Sounds like "hope it gets better by itself."

[eeza] 09/7/2015 08:30

Can't really see any upside here now. Was intending buying back in but going to take it off watch now.

[skinny] 09/7/2015 08:28

Well this really has turned out to be a Pig in a Poke of an investment!

[skinny] 09/7/2015 08:02

Infinis notes yesterday's announcement in the Budget that the government intends to discontinue the Climate Change Levy (CCL) exemption for renewable generators from 1 August 2015. The CCL has been a key component of the renewable support regime in the UK since 2001 and all parties in the renewable industry had understood that phase-out would not commence until after 2020.

Based on our initial assessment of this measure, Infinis expects a reduction in EBITDA of approximately £7 million in the year ending 31 March 2016 and approximately £10-11 million in the year ending 31 March 2017.

Eric Machiels, CEO of Infinis, said: "The announcement of the government's intention to discontinue the CCL at this time was quite without warning. We are disappointed by the several recent changes to the regulatory framework which will disincentivise long-term investment in the build-out of new energy infrastructure in the UK. Infinis generates low cost, reliable, renewable energy and we now look to the government for regulatory stability."

[danieldruff2] 09/7/2015 07:23

Some renewable groups issuing RTS' today saying effect of levy removal is modest and may be neutral after reduction in corporation tax is taken into account - be interesting to see if Infinis comes up with a statement, fall could be overdone.

[deanowls] 09/7/2015 05:20

Because that 40 dollars is spent on jobs and uk business supporting the government in taxes whilst the companies also export product based on the oil business.

[reddave999] 08/7/2015 18:28

I'm not sure why they are favouring investment in North Sea Oil, it costs approximately 40 dollars per barrel for us to produce it yet OPEC can produce it for 10 dollars per barrel. I agree with you Solpara a terrible investment.

[reddave999] 08/7/2015 18:28

I'm not sure why they are favouring investment in North Sea Oil, it costs approximately 40 dollars per barrel for us to produce it yet OPEC can produce it for 10 dollars per barrel. I agree with you Solpara a terrible investment.

[eeza] 08/7/2015 17:51

From BBC Budget News


Responding to the decision to remove the climate change levy exemption for renewable electricity from 1 August, Drax said that profits before interest, tax and other costs would fall by £30m this year and by £60m in 2016. Chief executive Dorothy Thompson said: "We are surprised and disappointed at this retrospective change to a support regime which has been in place since 2001 specifically to encourage green energy and support renewable investment decisions." The company's shares closed down 28% in response.

[skinny] 08/7/2015 17:45

The fall may have been curtailed (sic) and I assume this will fall by the dividend plus a few more tomorrow.

[salpara111] 08/7/2015 17:37

Well, this has turned out to be one of my worst investments in the last few years!
Nothing to do with the company and everything to do with government retrospectively changing the rules which is the sort of behaviour you expect from a third world government.
Having said that it could be worse....look at what happened to Drax today...down 27% but down over 60% in less than 18 months.

[danieldruff2] 08/7/2015 16:28

Yes I think so
Climate Change Levy exemption for renewable electricity to be removed

[bit thick] 08/7/2015 16:27

Actually not much selling, many buys. Could it be this?

hxxp://www.businessgreen.com/bg/news/2416918/chancellor-to-push-up-renewable-energy-taxes-in-budget-with-climate-shaped-hole

Changes to climate change levy, which I missed in the budget.

[prokartace] 08/7/2015 15:44

limit down!!

only broker update I can see is from investec yesterday reiterating 240p

[eeza] 08/7/2015 15:20

Judging by the selling I would think there may have been a broker downgrade to do with the Gov phasing out subsidies for windpower etc

[reddave999] 08/7/2015 15:15

Plenty out there in buying mode though