INFINIS ENERGY Share Discussion Threads

[skinny] 22/10/2015 10:43

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."

[almac999] 22/10/2015 10:24

Totally agree, Kingpin. Bought at IPO for what I considered to be a well reasoned long term hold in my SIPP. Ignored my nagging doubt about taking on a minority shareholding position from a PE's discard in favour of what I considered a good long horizon share backed by reliable dividends (not even going to get Nov payment now).Absolutely stuffed by PE interests. Wonder how long our 'independent' directors actually took to consider this.

[almac999] 22/10/2015 10:14

Totally agree, Kingpin. bought at IPO for what I thought were well reasoned

[4seeaproblem] 22/10/2015 09:56

Kingpin...my thoughts entirely.

The Board have stuffed all the original investors including myself. They should all consider their positions.

[micos] 22/10/2015 08:34

Click on "news" at the top of this page and then on the terra firma offer. scroll well down to get the detail;.

[prokartace] 22/10/2015 08:26

Where can you see the complete offer Micos?

[king1pin2] 22/10/2015 08:25

Is it just me or have I got it wrong ? Terri firm sold part of the company for £2.60 per share at the IPO and now they are going to give me £1.85 for my shares and I should be happy.
And i can't say no thanks. Is it just me that they have robbed?

[micos] 22/10/2015 08:19

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.

[prokartace] 22/10/2015 08:07

when was this divi announced?

[cabreado] 22/10/2015 08:06

Good question micos. Do you know what will happen next? My average is 153 (which now I think I am lucky) and was wondering about dividends.

[micos] 22/10/2015 07:59

Are we getting the dividend XD on 19/11?

[11_percent] 22/10/2015 07:39

Same.

My average is 192p.

It is done deal.

[danieldruff2] 22/10/2015 07:37

I knew I should have bought more to average down in case that happened. Tiny loss for me.

[cwa1] 22/10/2015 07:24

Didn't expect this:-



Recommended Cash Acquisition

of

Infinis Energy plc ("Infinis")

by

Monterey Capital II S.à r.l. ("Monterey")

a Terra Firma group company

To be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006

Summary

-- The board of directors of Monterey and the Infinis Independent Directors are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition by which the entire issued and to be issued ordinary share capital of Infinis that Monterey does not already own will be acquired by Monterey.

-- Monterey currently owns 205,667,740 Infinis Ordinary Shares, representing approximately 68.5 per cent. of the issued ordinary share capital of Infinis.

-- Under the terms of the Acquisition, each Scheme Shareholder will receive 185 pence in cash for each Infinis Ordinary Share, which represents a premium of approximately:

40.4 per cent. to the closing price of 131.75 pence per Infinis Ordinary Share on 21 October 2015 (being the last Business Day before this Announcement); and

38.2 per cent. to the average closing price of 133.86 pence per Infinis Ordinary Share for the one-month period ended 21 October 2015 (being the last Business Day before this Announcement).

-- The Acquisition values Infinis' entire issued and to be issued ordinary share capital at approximately GBP555 million.

-- It is intended that the Acquisition will be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act.

[micos] 21/10/2015 09:33

The 1 year low is 118

[11_percent] 21/10/2015 09:23

Yep, down 2.5p.

Is this an all time low.

[cwa1] 21/10/2015 07:27

Infinis achieves financial close on funding facilities for the construction of Sisters and North Steads Wind Farms

Infinis Energy plc ("Infinis"), the UK's leading independent generator of renewable power, today announces that it has signed two project financing facilities with a total value of GBP51 million to fund the construction of Sisters (8MW) and North Steads (19MW) wind farms in Northumberland.

The debt facilities have been arranged by Santander and will fund the construction of both sites. The two neighbouring sites will have a combined installed capacity of 27MW and means Infinis will have a total of 135MW of new wind capacity under construction. We expect both sites to be fully operational by September 2016 and both sites to be accredited under the Renewables Obligation scheme.

Eric Machiels, Chief Executive of Infinis, said:

"We are pleased to have finalised these two project financing facilities. Taken together with our A'Chruach (43MW) and Galawhistle (66MW) construction projects, this means we have now reached financial close on 135MW of new onshore capacity which is in line with our growth targets. The construction of both A'Chruach and Galawhistle is progressing well with A'Chruach scheduled to be fully commissioned by the end of March 2016."

"Securing project financing in the current climate of regulatory uncertainty is a real challenge for British businesses investing long term capital as they build out renewable generation capacity. Our ability to finalise these facilities is testament to the strength of our collaborative relationship with Santander and Infinis' strong development track record. Government decisions to change the regulatory framework for onshore wind at short notice and without providing full details of those policy changes have had a significant impact on the ability of developers of renewable energy to conclude project financing agreements with lenders."

"While we have successfully concluded project financing on all our projects, we call on the government to adopt a stable policy regime that supports efforts to decarbonise power generation in an affordable way, and which will prevent further damage to the independent sector.

[osirisra] 22/9/2015 19:23

From today's Guardian, Al Gore warns Great Britain about cutting green subsidies:
The former vice president of the US, Al Gore, has called on the British government to resume its former leadership on climate change, in order to forge a global agreement on greenhouse gas emissions this December at a crunch conference in Paris.

We all know how we like to stay friends with the yanks.

[prokartace] 16/9/2015 16:17

And down 5%?

[11_percent] 15/9/2015 09:54

And up 5.6%

[prokartace] 15/9/2015 09:41

'this dog of a share doesn't belong here ...goes up and down like a yoyo .should ve been listed in shanghai.'

Have you not been watching the markets? Even the ftse 100 is moving up to 5% per day!

[kasspass] 07/9/2015 16:43

this dog of a share doesn't belong here ...goes up and down like a yoyo .should ve been listed in shanghai.

[jdnicholson] 03/9/2015 15:53

Infinis and Drax seeking judicial review of removal of CCL exemption.

Any views on how this is likely to play out?