INFINIS ENERGY Share Discussion Threads

[billywhizz1] 28/8/2015 16:59

I think a management buyout is probably more likely. Don't think TF are interested anyway, Hands seems quite happy with the way things are at the moment. Still feel that the shares will come good eventually, the company is sound, can't speak for the rest of em !

[4seeaproblem] 27/8/2015 12:21

Anybody else completely disgusted with the inactivity of the management of this Company ?. Never any official statement, about share price movements....even if it was just to say the usual "the Board notes the adverse movement of the share price and has no knowledge or reason for the movement".

It will be a penny share soon and I am starting to wonder whether a share price decline is their conscious strategy for a MBO on the cheap or TF taking it back privately at a discount.

[skinny] 21/8/2015 10:33

Normal (red) business has been resumed!

[micos] 21/8/2015 09:13

Any reason for the sudden rise today?

[billywhizz1] 20/8/2015 11:05

Interesting to note the company's earnings reduction in 2017 could be about 10 million. Surely this must mean that they bridge the gap with either a rights issue or get Cameron to back down. In the not to distant future,the government of this country are going to need home grown companies like Infinis more than Infinis are going to need them. It's the only way they are going to meet the climate change criteria they've signed up for. That little fact is inescapable in the long run. SO HANG ON !!

[11_percent] 16/8/2015 11:09

13% is crazy, it has got to drop.

Let's get serious.

[eeza] 16/8/2015 08:37

Maybe an oblique reference to the Dividend going forward.

"The Board is reflecting on how these policy changes will affect the future strategy of the Group in delivering shareholder value and it is our intention to provide an update to the market by the time of our interim results."

[4seeaproblem] 13/8/2015 06:40

Or the resolution of the TF stake that they mentioned in the FY results.

[garycook] 13/8/2015 06:35

No mention about the Dividend ?

[skinny] 13/8/2015 06:03

Group operating and financial performance

The Group had a strong first quarter with total power generation up 14 GWh to 586 GWh. Day ahead pricing and operating costs were in line with expectations. We have maintained our focus on operational performance with high engine reliability in our LFG business of 96% and wind availability also at 96% over the period.

Landfill Gas

The LFG business continues to deliver solid output, exporting 435 GWh in the three months to 30 June 2015 compared to 463 GWh in the three months to 30 June 2014. The reduction in output of 6.0% was due to a combination of the natural decline in landfill gas, drier weather conditions and planned full grid outages at two of our larger sites initiated by the local network operators which lasted for 11 days. Adjusting for the one-off outages, the output decline would have been 4.7%.

The proportion of electricity exported under the RO regime for the three months to 30 June 2015 was 93% compared to 84% for the comparative period in 2014 and the total average selling price ("ASP")(2) for the three months to 30 June 2015 was £93.51/MWh, an increase of £4.43/MWh on the comparative period figure of £89.08/MWh.

Onshore Wind

Our onshore wind business exported 152 GWh in the three months to 30 June 2015, all under the RO regime. This was a 46% increase (+48 GWh) over the comparative period in FY15. On a rolling 12 month period to 30 June 2015 wind output was in line with long term average (P50) wind conditions. The wind ASP for the three month period to June 2015 was £88.59/MWh compared to £88.06/MWh in the comparative period to June 2014.

Onshore wind construction and development activities

The construction of the A'Chruach wind farm (43MW) is progressing according to plan. All 21 turbine bases are complete and, in addition, all site access roads are complete. Turbines will be erected over the Summer with final commissioning still expected by March 2016.

We have completed phase 1 construction works on the Galawhistle project (66MW) which included site access road construction and the sub-station floor. Construction work is underway on the main site infrastructure works.

We are also at advanced stages of procurement and financing on our wind farm projects at Sisters and North Steads (formerly known as Blue Sky) with financial close expected in early Autumn 2015.

We are on target to deliver 135MW of new onshore wind capacity by 31 March 2017.

Regulatory update

The Government has begun the legislative process to close the RO regime for new onshore wind power plants on 31 March 2016. Projects which met the grace period criteria of planning consent, evidence of land rights and a grid offer and acceptance on the 18th June 2015 will qualify for a 12 month extension. In practical terms this means that these projects need to be built and operating by 31 March 2017 to qualify for support under the RO. We are highly confident that A'Chruach, Galawhistle, Sisters and North Steads meet the grace period criteria and therefore qualify as RO projects.

In addition, the Government announced its intention to remove the exemption from the Climate Change Levy (CCL) previously enjoyed by renewable generation. As previously announced, we anticipate that this will reduce our EBITDA in this financial year by £7.5 million and in FY17 by £10-11 million. The removal of exemption from the CCL was disappointing and was unexpected by the Industry. We continue to make representations at the highest levels of Government. The Board is reflecting on how these policy changes will affect the future strategy of the Group in delivering shareholder value and it is our intention to provide an update to the market by the time of our interim results.

Financial position

Cash and cash equivalents stood at £107.7 million as at 30 June 2015 and net debt at the same date was £527.2 million. There were term loan drawings of £5.7 million on the A'Chruach funding facility. The Galawhistle funding facility was undrawn.

Contracted position

Our contracted position as at 31 July 2015 is summarised in the table below. Summer 15 and Winter 16 corresponds with our financial year ending 31 March 2016.

more...

[neilyb675] 08/8/2015 11:41

Not yet, (I'm with Halifax BTW)

[skinny] 08/8/2015 11:14

Yes - makes it all worth while! (NOT).

[micos] 08/8/2015 07:36

Did anyone get the dividend payment yesterday?

[reddave999] 27/7/2015 13:34

Not for me I'm out. The horizon is bleak, the company has been hammered by these Tory tw?ts

[billywhizz1] 27/7/2015 13:09

The only way is up

[irnbru2] 27/7/2015 12:31

Yep, nothing to stop it going lower.

[reddave999] 27/7/2015 12:22

Going south

[reddave999] 22/7/2015 06:57

Nice one Skinny:)

[skinny] 22/7/2015 06:30

Investec Buy 155.25 155.25 240.00 185.00 Reiterates

[mrphil] 17/7/2015 16:50

Hopefully we've already seen it IrnBru2! ;-)

[irnbru2] 16/7/2015 21:56

Don't see where the bottom is here.

[irnbru2] 16/7/2015 21:50

I see BG are dropping the price of gas.

[billywhizz1] 16/7/2015 21:18

Sounds good TWsocrates.10 points up today.....may be your right ! Hope you are