INFINIS ENERGY Share Discussion Threads

[mrphil] 16/7/2015 13:08

Yes it does seem that way Skinny, makes a pleasant change!

[skinny] 16/7/2015 11:43

Ex Centrica man - Centrica Energy Canada - looks like your addition may have been well timed MrP!

[reddave999] 16/7/2015 11:32

God loves an optimist:)

[thewealthofsocrates] 16/7/2015 10:31

The new CFO has connections with Qatar.
My guess is that they will be offered a large stake in this & then there will be an about-turn in govt policy to be pro-wind again after a "reassessment of the UK energy policies".

Before Qatar buys a stake, a deal with ROI's pro-wind politicians will be done that will offer shares in INFI in return for allowing new farms there.

Expansion will be in Republic of Ireland,
where the population density is less,
wind yield is more & complaints nonexistant.

[salpara111] 15/7/2015 16:40

Well I still have my long spread bet open but I have no confidence in the stock anymore which is why I switched out this morning into ETO which is also up today but not by as much as INFI however I will sleep more comfortably going forward.

[mrphil] 15/7/2015 15:02

Hope you're right foot in mouth, have just added a few on the basis we may have reached the bottom!

[foot in mouth] 15/7/2015 13:12

Didn't Warren Buffet once say - 'be fearful when people are greedy.........be greedy when people are fearful'. Now surely is the time to buy, not sell!!!

If all my cash wasn't invested elsewhere i'd be tempted to grab a few more of these - to average down. Isn't perhaps all the bad (Osborne) news out now?? I know this is sitting at an all-time low, excluding the little rise today but surely this is way oversold.

[4seeaproblem] 15/7/2015 11:07

Is it legal for TF to sell Infinis short as the majority share holder ?.

[skinny] 15/7/2015 10:05

Terra Firma -

[salpara111] 15/7/2015 07:47

Sold this morning for a truly epic loss.
I actually bought a bigger stake in this than I normally do given how "safe and boring" it was supposed to be.
That is me done with floats.
I did the sums last night and I have lost money over all the floats that I invested in over the last 3 years while I have made over 25% on the rest of my portfolio.
Clearly I am unable to determine what is going to be successful when it comes to floats.
I put the money into doubling up my holding in ETO which dropped 10% this morning when their biggest institutional investor offloaded 9% of the business causing a mini crash. These occasions are usually good buying opportunities as was the case with my most successful investment of the last 3 years, Moneysupermarket which I am now out of.

[eeza] 14/7/2015 16:23

Bottom is lower now.

[salpara111] 14/7/2015 08:11

Brave decision.
I will hold for the short term as they appear to have bottomed out and I have not strong options for somewhere else to put the money.

[reddave999] 13/7/2015 19:22

Sold them, good luck everyone who has kept hold:)

[billywhizz1] 13/7/2015 11:57

OK NUFF SAID !! Remember this. If Hands sells to the next outfit that shows up,
then so be it, we're all stuffed and INF.will go private. It is correct to say that between them, both Hands & Cameron have tanked INF. However INF are still one of the most successful & best managed renewables company in Europe. They are big enough and have enough expertise to step beyond these shores and gain
O/S contracts in European Countries with a different agenda than our short sighted lot, plus don't forget Scotland, who also have a different agenda. Also, sooner or later our rather stupid UK government will have to meet the climate change criteria that they have signed up to. My advice to IPO's is, don't lose your nerve, gamble on Hands not finding a buyer and stick it out.
If this happens, in 2 years time the 260p IPO will look cheap and you''ll have all those divs under your belt. I'm into their IPO big time, so I have a vested interest!!!!

[salpara111] 13/7/2015 11:26

The government has done a spectacular job at dismantling the renewable energy industry and I have to say that I would not touch another renewable investment but that leaves a real problem for TF as any potential purchaser does not know if the government are going to just turn around and hit the sector yet again making their stake virtually unsaleable and until that massive overhang is cleared the share price is going to remain under serious pressure.

[4seeaproblem] 13/7/2015 10:53

I am also an IPO purchaser. The capital loss is so significant that I have taken the view that i have missed the boat to offload anyway !.

The lower this share price goes, the greater the chance of it going private again.

TF must be thinking it may be better to take this back than dispose of their stake at this price.

[jonwig] 13/7/2015 09:55

Terra Firma wound up?

News to me, and nowhere on their website that I can see, nor the FT.

Any links to that news, please?

Apart from INFI, they have been a very successful investor.

[osirisra] 13/7/2015 09:17

Yes, by February I believe.

[irnbru2] 13/7/2015 09:12

Am I right in saying Terra Firmma is being wond up, and the MUST sell their stake here.

[jonwig] 13/7/2015 09:08

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.

[reddave999] 13/7/2015 09:08

Your not on your own there Salpara, i agree entirely with your comments an I am at a loss to add anything positive :)

[irnbru2] 13/7/2015 08:59

Ahhhhhhhhhh...

[salpara111] 13/7/2015 08:47

Well this is truly amazing, I bought what I thought was going to be a relatively boring yield play with little capital gain but instead it has performed like a busted dot com.
Like a lot of holders I am literally paralysed not knowing what to do.
Even after the change to the tax credits I still feel that they are worth 180-200p so the current valuation seems rather mean but it is equally clear that if terra firma could not offload its stake in the first 6 months of the year they will have considerably greater difficulty now and will have to accept a much lower valuation
I am loath to sell at such a low valuation but equally the rot doesn't seem to be stopping.
Cutting the divi in half now would still give you a 7% yield.
I have decided that I am not going to get involved in floats going forward, there just seems to be rather too much volatility and over the last year I have lost rather more than I have made on them.
Trying to pick the winners seems to be virtually impossible.

[winsome147] 13/7/2015 06:52

I don't see why the div should be cut too much. This company generates sufficient cash and also has a lot of cash in the bank. There is a huge depreciation and amortisiation charge each year which makes the eps and pre tax profit look bad but these are non-cash charges which also keep the tax bill down each year. Still 455m of intangibles to write down over coming years. I regret buying in at IPO but at the current price I may as well stick with it.