Ipsa Share Discussion Threads

[andrbea] 09/2/2007 16:51

16:42 84.5 600,000 X 79.0 86.0 Buy

[appassaw] 09/2/2007 14:58

Excellent article just popped up on this site:


IPSA is looking to capitalise on this situation and is building power plants. Shares in IPSA leapt a couple of weeks ago, in response to an announcement that the company's Newcastle plant is on the verge of generating electricity. The Newcastle plant is small at 18MW, but should be viewed as the company's 'dry run' in South Africa with much larger power plants in the pipeline. Phase II at Newcastle will increase capacity by just over 200% to 55MW. IPSA has plans in the pipeline to build another five plants that will have a combined capacity of 2270MW.

[andrbea] 09/2/2007 13:59

for post 25

corrected

While South Africa isresponsible for a mere 0,9% of the world's gross domesticproduct, it is the thirteenth worst carbon emitter and seventh worst emitter per capita, owing largely to its coal-fired energy sector.

[andrbea] 09/2/2007 13:59

February 09 2007 at 02:07PM

By Matthew Savides

Electricity problems continued to affect Durban on Thursday, with many areas being without power for several hours.

Residents and business owners have, once again, been severely affected by the power failures.

[andrbea] 09/2/2007 10:19

newsflow (should be some this month)

The company also announced that it would formally inaugurate the plant on February 16.

Plant testing and commissioning was under way, with first boiler firing expected in the first week of February when the steam connection to the Karbochem chemical facility was due to be tested and approved.

Commercial steam production was scheduled to begin in the first two weeks of February.

The plant, which has been built adjacent to the manufacturing facilities of Karbochem, a producer of synthetic rubber, will supply 60 000 t/h of industrial steam to its neighbour.

The cogeneration plant is South Africa's first independent gas-fired power plant. It is also one of South Africa's most environmentally friendly power plants, with one of the lowest emissions of CO2 of any thermal plant in the country.

"This is the first prototype power generation plant that would be eligible for carbon credits," Earl enthused.

He also announced that Ipsa, through government's encouragement with special tariffs for the establishment of power generation plants by independent power producers, would, in mid-2008, bring on board 1 000 MW of power from its proposed Coega plant, which was aiming to produce 1 600 MW.

The company was also busy with a number of projects for small power generation plants.

Energy crisis

Commenting on last week's nationwide power blackouts, Earl argued that South Africa should have had between 5 000 MW and 6 000 MW of reserve energy to have avoided the shortages.

On Thursday, the country suffered electricity cuts when State-owned power utility Eskom's Koeberg's Unit 1 turbine tripped, causing it to shut down.

The incident had a knock-on effect, with large parts of the country experiencing blackouts.

In an exclusive telephonic interview with Engineering News Online Earl said that Ipsa had last year predicted a national power crisis.

"There is a lot of underlying demand for electricity, with demand growing at a faster rate than Eskom predicted," he pointed out, explaining that if the gross domestic product was growing at some 6%, then electricity demand would be higher than Eskom had anticipated," Earl, who was speaking from London, noted.

"The Department of Minerals and Energy agreed with us that more power was needed than Eskom's public announcements indicated," he reiterated.

"We think that at current levels of demand, South Africa should build 3 000 MW a year of new plant to keep up with the growing demand," he estimated.

[andrbea] 09/2/2007 10:18

Oct 20 2006: 3 snippets

Ipsa will be able to pay a dividend in the year to September 2007 as the Newcastle project will be operating.

Sanlam, Metropolitan and two other South African institutional investors now own 10 percent of Ipsa.

London-based investors that hold 50 percent are Moore Capital, Fidelity Investment Management, Rathbone Investment Trust, Tudor Capital and Savoy Investment Management.

[andrbea] 09/2/2007 10:08

CHP plants in vogue just now because of greenhouse gas emissions

eg Smithfield (uk)

Linklaters is the only firm to have tapped E.ON's combined heat and power (CHP) plant, Citigen. The project at Smithfield Market uses its by-products of heat in the winter and chilled water in the summer to service heating systems and air-conditioning systems respectively.

The venture is expected save Linklaters 22,000 tonnes of greenhouse gas emissions over the two-year lifespan of the deal. Had the firm chosen to pay to offset those emissions, it would have cost up to £220,000.

[andrbea] 08/2/2007 16:01

Another company, which I am not sure you watch, but you cannot help but notice what is going on at Ipsa. 260 trades at Ipsa, the power generation company listed on the Alternative Exchange Rob, up 17 percent today, R12.35, this company has more than doubled in the past month.

Rob Forsyth:
Yes, we commented on it I think about two weeks ago or last week. Really I think what I should commend is that it is nice to have ideas on the stock exchange and people can take their own risk profiles and people are raising capital with the power generation which is definitely going to be an element which people need to invest in the future in South Africa.

We have just got to make a view on whether these people can add value, but it is very early days, they have not actually commissioned anything as yet, so that is when you are going to get very wild swings in share prices, because people don't really have a firm view of what the cash flows of the business are going to be.

Bruce Whitfield:
Anyway, this one is swinging for the time being, at least it is up and huge upward pressure on Ipsa, 17 percent higher, R12.35. Otherwise the rest of the market a bit sluggish today Rob, there was quite a bit of news and we will talk about the news in the second half of the program, but otherwise, not that much hunger for South African equities?

[andrbea] 08/2/2007 16:00

MONEYWEB: Talking about fish in a barrel, Dave, IPSA, that's the company, the power company, is building a little plant in Newcastle – and the first of many of these little power plants that they're going to build around the country. That share price just keeps going stronger and stronger.

DAVID SHAPIRO: Well, it's building up a head of steam there, really, really moving up.

MONEYWEB: Up another 17% again today, R12.35 – how much higher are they going to go?

DAVID SHAPIRO: It depends. It can go as high as it can – no-one can tell how, I think that a lot of these smaller companies are pushed to levels which I think sometimes exceed their expectations, so be careful when you start pushing a company way beyond its capacity and limit to actually produce those kind of profits.

MONEYWEB: So watch out, it's getting speculative now.

DAVID SHAPIRO: I think so. I think it's a neat little company, but a lot to prove.


Feb 7

[andrbea] 08/2/2007 15:58

good-sized buy (135k in vol)

[ponderer] 07/2/2007 14:11

Yes, www.uselessitems.com

They sell under water hair dryers, and chocolate kettles

[kingbroker] 07/2/2007 14:09

anyone know where i can buy a glass hammer

[ponderer] 07/2/2007 14:09

He is a sea faring pheado

[kingbroker] 07/2/2007 14:08

Nice stock captain birdseye, do you think the latest outbreak of burd flu will stop him making fish fingers....

[ponderer] 07/2/2007 14:08

went shopping in harvey niks. bought some tabletop screws, and you know what.
Im never going to use them. Never gonna use them

[74graham] 07/2/2007 11:40

some nice delayed buys coming going to get very very busy on here soon an rns with plant revenues coming in right now and this will surpass SOLA no probs imho no advice intended .a green power plant in a country like south africe with very little power this will rocket

[badgerry] 07/2/2007 09:51

Someone told me they are trading much higher on the ALTX in South Africa. The SA Institutions cant get enough of this company - on that basis I expect the shares to keep moving up.

I am a holder from 43p and do not intend selling until they get their bigger power plants up and running in about two years time.

DYOR

[coleman4] 07/2/2007 09:06

Any clues to the move,,,,,????

[Abuse team] 29/1/2007 13:07

Post removed by ADVFN

[eastod] 27/4/2006 08:19

I think Carlsberg have bought a Chinese beer company. Don't overlook premium spirits in these Markets though. Whiskey and Cognac have the potential to be huge. Pernod Ricard, LVMH, Diageo big players in those.

[woodsman2004] 26/4/2006 11:31

I like the look or UEN - will follow it for a bit. Obviously there are some pretty large political/security/fraud riskes etc with that one but it has potential.

With regard to the oranges, yes another new high. share price has been boosted by the the likelyhood of a upward revaluation of the Chines Yuan which would make dividends paid to Western investors worth more in local currency terms. Orange juice is also tipped as having big growth potential.

I am keen to try and get exposure to the Indian & Chinese beers sectors - these both have huge potential with limited downside risk. The obvious candidate is SABMiller which has a huge brewery in India but as a global giant it may not be "risky" enough for you! Will you know if I find any tiddlers!