Ipsa Share Discussion Threads

[tez123] 09/12/2012 14:16

IPSA GROUP. Flare of interest
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08/12/2012

IPSA GROUP
Flare of interest
The finalisation of the sale of Ipsa's two gas turbines to a Malaysian company has sparked demand for its stock, lifting the electricity and steam producer off low market prices. The AltX-listed stock has increased to 58c, from a year low of 28c in August. At the time of writing, a total of 206 000 shares were bid at 50c/share and lower prices while offers to sell 113 300 shares ranged from a low of 59c all the way to 120c/share.
Interest has picked up on the AIM market in London as well, where Ipsa traded at 4p last week, from a year low of 2,7p in September. The value of shares traded jumped to about £850000 during October and £400000 in November, from an average £40000/month for the 12 months since last December.
Ipsa said that it had sold two Siemens Westinghouse 701 DU gas turbines for US$31m (R276m) to Malaysia's Iris Eco Power.
Ipsa will use the proceeds to settle all its debt, including the £15,5m (R220m) owed to Standard Bank and TurboCare.
Executive director Peter Earl says the London-based company will expand its Newcastle electricity plant with the remaining £2,8m cash.
Ipsa initially acquired the turbines to generate 500MW from a gas-fired power station that was to be built at Coega in 2007, but the deal fell through.
Earl, CEO at the time, says: "Those turbines would serve SA very well now, but we couldn't keep them for that long."
With virtually no debt, the company can now position itself as an independent power producer. Ipsa already has a contract to supply Eskom with electricity from its gas-fed 18MW combined heat and power plant in Newcastle until March 2015.
Electricity and steam sales contributed £2,5m to revenue in the six months to September, enabling it to halve its 2011 net loss to £1,3m. Ipsa sold 22% more electricity, totalling 25,2mkWh, to Eskom under the contract.
Ipsa CEO Phil Metcalf said in August that the company's intention in increasing capacity at the Newcastle plant was for it to operate profitably after depreciation costs had been factored in. Construction will commence early next year, upgrading it to a 68MW facility from the current 18MW.
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[sir leonardo] 08/12/2012 22:37

TICK TICK TICK !!!!!!!!!!!!

[sir leonardo] 07/12/2012 23:21

TICK TICK TICK TICKING TIME BOMB!

[topinfo] 07/12/2012 13:20

tez No news is good news I think. If it had fallen through they would have Rnsed by now IMO. I dont think you will get any kind of answer tho as its price sensitive info and will be announced to mkt when there is news to announce but let us know anyway what he says ta.

[tez123] 07/12/2012 13:18

Emailed Richard this morning regarding completion payment.Awaiting response.

[topinfo] 05/12/2012 21:11

No news is not bad news. News saying deal off or not completed would be bad news. Since they have not said that then one assumes its still deal on and they are in process of sorting completion paperwork out and legal issues etc which as anyone with half a brain knows can have some delays depending on the complexity. I would say no news is good news here as opposed to what the derampers are saying by no news is bad news.

I am confident we will get a completion Rns and money received Rns this week.

The distinct lack of sells tells me that many believe this deal will go through and its only those paid derampers that are panicking here, coz if it goes ahead and they get the cash expect a very significant mark-up in the share price of IPSA.

Lets see what 2moro and Friday brings eh.

[tez123] 05/12/2012 19:04

My chart suggests you should change your shampoo.

[scientologyweirdo] 05/12/2012 08:30

chart looking like classic head and shoulders

could slump back to 2p?

[headsup1] 04/12/2012 13:09

If the deal had fallen through they should have issued an rns no news is imo good news.

[encarter] 04/12/2012 09:26

mellifluous
4 Dec'12 - 07:30 - 257 of 257 0 0


Expect the attempted pump and dump to FAIL

[mellifluous] 04/12/2012 09:19

no news is bad news ?

[mellifluous] 04/12/2012 07:31

STILL ! No ! NEWS !!!

Panic stations ?

[34simon] 03/12/2012 15:17

You should be reading his and my posts Topinfo, he is not keen and posted that on some stocks I hold, now why would I deramp my own holdings eh ?

[topinfo] 03/12/2012 15:12

Oh another costume, and this time already on the filter list. Why dont you two leave more than a few minutes between posts and then people might actually believe that you are not connected. lol



34Simon
3 Dec'12 - 15:10 - 314 of 314 0 0 (Filtered)

[topinfo] 03/12/2012 15:09

In fact tell a lie 50k buy now Mellanie! @)

[topinfo] 03/12/2012 15:08

Stop trying to scare people into selling you Clown. There is no-one worrying except you. The fact that there are no sells or in fact no trades today tells you that its all in your head. When they complete and the share price doubles you will be seen on here no more will ya. Now go play with your Potter Pals!

[mellifluous] 03/12/2012 15:06

squeaky bum time

[headsup1] 03/12/2012 12:04

Melliflous post 300 bought some head and shoulders and still holding these.

[34simon] 03/12/2012 09:32

You have some nerve to say that about somebody else, should be look at what you write for a pump and dump, maybe go back to CMCP and read your comments there before you dumped them even though I had attended the AGM and new they were insolvent so to speak, the shares are now delisted but you vanished quick enough.

[topinfo] 03/12/2012 09:18

Putting comments like that is why you are where you are, in the gutter. How do you work that one out. If it fell through they would keep deposit which is a nice sum on its own, but I dont think this will fall through anyway, hence why I have not sold and if you look at todays trades no-one else has either.

You need patience, something you clearly do not have. See you at 8p soon Mellanie!

[mellifluous] 03/12/2012 08:18

No news !

Could this be suspended pending clarification of financial position ?