Kedco Share Discussion Threads

[prettybullish] 17/9/2012 21:17

Tks for that sammy...good interview. Let's see where it goes from here.

[197300] 17/9/2012 17:25

nice find, i think this share will should go forward as soon as the debt for equity, and share consolidation take place next month.

[sammy_smith] 17/9/2012 16:15

Interesting interview with Gerry Madden, Chief Executive Officer and Finance Director.

Click below to listen:

[contrarian2investor] 14/9/2012 19:05

prettybullish, I have added these to my watchlist.

Here is the link to your post and some other articles.

Kedco landmarks point to a brighter future

[prettybullish] 14/9/2012 10:52

Kedco landmarks point to a brighter future
9:08 am by Ian LyallRural setting: The Newry plant (pictured) looks more like a large farm out-building than a power station.



At the start of the year renewable energy group Kedco (LON:KED) confounded the sceptics by raising finance for its biomass plant in Newry, Northern Ireland.

On Wednesday it delivered on its plans by exporting the first electricity from the operation following completion of the first phase of the development, which will have an initial two mega-watt ceiling.

By the final quarter of next year, the capacity of the facility, which looks more like a large farm out-building than a power station, will have doubled.

The focus is already turning to Enfield where Kedco has all the necessary permissions for a 12 mega watt plant.

It hopes to close the £35-£40 million debt and equity financing required to fund construction by the second quarter next year, with initial production slated for late 2014.

While the north London operation will significantly increase the company's scale, the importance of Newry, which is expected to generate £4.3 million in annual revenues and EBITDA of £1.9 million, cannot be over-stated.

It proves to the financiers and the wider market that Kedco can deliver renewable energy projects on time and to budget.

A debt for equity swap was recently completed with little fanfare or comment.

But it too has fundamentally altered the prospects of the company.

Most importantly it removed a financial millstone around the neck of Kedco.

However it has done much more than this. It peeled away the layers of uncertainty, allowing investors a clear view of the returns the company could generate over the coming years.

And in persuading the debt holders to swap into equity, Kedco has received decisive third party validation for its business model.

"There are a number of game-changers here. Obviously we are excited that we have started to export electricity. We have gone from being a developer to an operator and producer of renewable energy," said Kedco chief executive Gerry Madden.

"That's a key milestone for a company like this. But we have also had the conversion of debt into equity that really gives a clean break with the past.

"I believe the market did not reflect the underlying value of the assets of Kedco. The debt issue obscured this value. The conversion will clear that view."

A recent announcement revealed the group is also looking at a potential acquisition opportunity.

The details are necessarily vague at this stage, though Madden said it will broaden Kedco's spread of renewable technologies. It should also be value accretive.

Madden said: "It allows us to diversify our technology and development risk.

"It deals with small-scale wind and solar projects. So we are expanding our portfolio to include large and small-scale projects.

"It will also allow us to maximise our existing land positions because we can put different technologies on sites we already have. So we would look to put solar on Enfield and Newry. So we are also increasing the return to shareholders."

The current share price values the group at £3.5 million – or less than one-year's revenue from Newry when it is at full capacity.

It takes no account of Enfield, or other potential sites in Derbyshire, Rutland, East Anglia and two fully permitted sites in the Republic of Ireland.

The Kedco chief will be hoping the latest efforts will chase the share price back towards the 2.5 pence level it achieved in November last year.

"That might be a more reasonable price," Madden agreed.

[prettybullish] 12/9/2012 20:17

Solarno - would be interested in your views why? What I see is a mkt cap of stg£2-3m and stg£6m invested in the Newry project alone and a 12MW fully consented project in London which has got to be worth a few quid. To me it would seem like there is plenty of upside once they get this restructuring sorted.

[ein] 12/9/2012 09:08

Looks like a new start for the company, should be good?

[solarno lopez] 12/9/2012 08:40

They have a long way to go before they have a seriously value enhancing company

[prettybullish] 12/9/2012 08:22

Great update this morning....looks like Newry is on track to become company's first revenue generating RE project and more to follow with Enfield project over next 12mths.

[ein] 11/9/2012 08:20

It looks like the Company is getting its act together, everything been organized and a new focus on the way forward.Ithink its a good time to climb aboard.

[prettybullish] 10/9/2012 21:12

Any views on today's announcement?

[4nca] 09/8/2012 18:13

Has any one followed up with the board or Nomad on what the exact status of the plant is? All shareholders have had post the open day is the rather vague statement that "initial commissioning" has commenced. In the absence of any concrete RNS uncertainty will rule = drfit down in share price

[craffert] 09/8/2012 14:55

total guess is that they may be having problems commissioning newry plant

[mike_f] 09/8/2012 13:26

This has always been a very leaky ship... maybe someone knows something.

[197300] 09/8/2012 12:41

anyone any views on why this is tanking today?

[rus4] 29/7/2012 20:00

Is the Newry Plant running according to plan ??

[solarno lopez] 27/6/2012 07:19

ANNOUNCEMENT OUT

[topbanana1973] 27/6/2012 01:23

no news is good news and todays the day, good luck to all

[bubble pricker] 20/6/2012 15:17

Interesting. No immediate news triggering this rise. Perhaps the market is gaining confidence in Newry actually coming onstream and producing revenue.

[197300] 20/6/2012 15:15

see its up 30% today, nice move if it can keep it.

[197300] 15/6/2012 16:55

anyone any news on this opening? is it the opening of the plant or the first day they export electricity?

[bubble pricker] 13/6/2012 09:54

indeed let's see how the opening goes. I sincerely hope they have got this right and there will be no more delays

[4nca] 13/6/2012 09:33

So, 2 weeks today Kedco will have an opportunity to demonstrate whether it has moved from being a development company to a real revenue producing company. The net present value from power purchase agreements are substantial and I have a feeling that the share price will go to 10p if the open day is credible and well received. (or to 0.5p if not). We'll see.

[ein] 10/5/2012 14:53

Agreed, lets hope its the start of a rerating of the share?