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Share Name Share Symbol Market Type Share ISIN Share Description
Ksk Power Ventur Plc LSE:KSK London Ordinary Share IM00B1G29327 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2.25 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 469.5 -76.3 -29.2 - 4

Ksk Power Ventur Share Discussion Threads

Showing 1 to 15 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
17/1/2007
17:21
bigboyo said that when it was 150 on the offer fingers and I don't think he bought then tho looks like lots of selling coming in? Maybe an oppo to buy the dip coming up? KSK Power Ventur 'pleased' with progress in recent months, confident for future LONDON (AFX) - KSK Power Ventur PLC, a developer of private power projects in India, said it is "pleased" with the progress it has made in recent months with its projects and the additions to its pipeline and that it is confident for the future as it has secured access to further fuel resources. The company said the projects under construction include the Sai Regency captive plant, Sitapuram plant, Avantika hydroelectric plant, Marudhar Power group captive power plant and Wardha power plant. KSK has developed or is currently developing, power stations capable of generating 4,000 MW of electrical power, it added newsdesk@afxnews.com rda/lam COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
m4m
17/1/2007
15:58
I wish I had seen this a lot earlier - what a great share
sandbank
02/1/2007
15:08
Another blue day with no red selling according to AFN vol info
m4m
28/12/2006
17:48
Depends whether you were planning a short trip on the ss KSK bb? I'm in for a long voyage ;) An excellent day today; folks making their bets for the coming yr?
m4m
28/12/2006
14:15
wow ! dithered on this one and may have missed boat
bigboyo
21/12/2006
13:21
Aye I'll add if it goes the correct way as my days of averaging down are over :)
m4m
21/12/2006
11:04
Looks good. No much happening today. I'm planning on topping up in the new year when funds available.
petemorr
20/12/2006
18:32
Thx pete, I sometimes get carried away with charts so put them in scroll bars coz I realise that some posters don't want to see soooooo many clogging up the place. No trades today and up 2.9% @ 141.50 LONDON (AFX) - KSK Power Ventur PLC, a developer of private power projects in India, reported a pretax loss of 1.1 mln usd for the first half but said it is confident of meeting full-year expectations as additional power plants are due to open in the second half. The company, which floated on the AIM in November, posted sales of 3.12 mln usd for the six months to Sept 30. "The buoyant Indian economy continues to underpin our growth and is showing signs of further acceleration," chairman T L Sankar said in a statement. newsdesk@afxnews.com
m4m
20/12/2006
11:16
have you just improved the thread?! :) Looks good. Interesting results. Seems to be up...
petemorr
19/12/2006
17:59
We're gonna find out tomorrow pete from the Inde KSK Power Ventur, an Indian developer of private power projects, listed on AIM on 1 November and reports debut interim numbers. The float, priced at 107p per share, was one of the biggest on AIM in the past 12 months, valuing the company at £137.9m. Since then, the shares have performed well, climbing to 139.5p by Friday's close. Since the company only listed in November, forecasts are few and far between for the first half, but investors should look out for a progress report on power plants under construction and an update on fuel licensing developments.
m4m
19/12/2006
09:45
I agree. I want to catch the Indian market as well (I'm in TRC). Results out tommorow. Not sure whether to buy today or wait. Do you know what the PE is?
petemorr
19/12/2006
08:22
I saw it as being part of a diversified portfolio and also hoping to catch some of the booming Indian market tho JII has been a good one to have for that reason. Will add useful links to the header in due course. One of the downsides is that AIM stocks do not have a good record as of late albeit a lot of that is the not for orphans or widows oil exploration stuff.
m4m
18/12/2006
16:36
Nice thread...been thinking about this for a while...
petemorr
10/12/2006
21:38
KSK Power Ventur PLC01 November 2006 2006-11-01 08:00:19 KSK Power Ventur PLC - Admission to AIM RNS Number:3474L KSK Power Ventur PLC 01 November 2006 1 November 2006 Not for publication, distribution or release in the US, Canada, Australia, the Republic of Ireland, South Africa or Japan KSK POWER VENTUR PLC Placing of 28,878,505 Ordinary Shares of 0.1p each at 107p per share Admission to trading on AIM KSK Power Ventur plc ("KSK" or "the Company"), an innovative developer of private power projects in India, announces completion of a successful Placing of Ordinary Shares by Arden Partners plc ("Arden Partners") and its admission to trading on AIM today. Placing and Admission * The Company has raised approximately £30.9 million through a placing of 28,878,505 Ordinary Shares at 107 pence per share. * Arden Partners, nominated adviser and broker to KSK, has placed all of these shares with institutional investors. * Of the net proceeds of the Placing, approximately £11.5m will be used to invest in power projects and approximately £13.8m will be used to develop fuel assets. * In addition to raising the funds, the Directors believe that Admission will increase the Company's profile both in India and internationally, enable access to capital markets and diversify its investor base. * On Admission, the Company will have an initial market capitalisation of approximately £137.9 million. Placing Statistics: +-----------------------------------------------------------------+-------------+ |Placing Price | 107p| +-----------------------------------------------------------------+-------------+ |Number of Placing Shares | 28,878,505| +-----------------------------------------------------------------+-------------+ |Number of Ordinary Shares in issue immediately following the | 128,878,505| |Placing and Admission | | +-----------------------------------------------------------------+-------------+ |Placing Shares as a percentage of the Enlarged Share Capital | 22.4%| +-----------------------------------------------------------------+-------------+ |Estimated net proceeds of the Placing (1) |£25.3 million| +-----------------------------------------------------------------+-------------+ |Market capitalisation immediately following Admission at the | £137.9| |Placing Price | million| +-----------------------------------------------------------------+-------------+ (1) Net proceeds are stated after the deduction of estimated expenses of approximately £1.9 million and the buy-back monies to be paid pursuant to the Reorganisation. S. Kishore, Executive Director, commented: "In the deregulated Indian market businesses are increasingly looking for consistent and economic power supplies. KSK has a clear track record of delivering innovative private power project solutions and is well positioned to benefit from this growing energy demand. Our approach enables income generation from all parts of the value chain and we have a visible pipeline of further plants becoming operational over the coming months. We are delighted to have successfully completed the IPO and look forward to joining AIM. These are exciting times for the Company and the successful offer will help us to exploit the growth opportunities open to us. We look forward to updating investors on developments in the coming months." www.ksk.co.in For further information, please contact: KSK Power Ventur plc +(91) 40 2355 9922 S. Kishore, Executive Director Mike Kirk, Non-executive Director 020 7398 1632 Arden Partners plc 020 7398 1600 Richard Day Steve Pearce Hogarth Partnership Limited 020 7357 9477 Nick Denton Barnaby Fry Arden Partners, which is regulated and authorised in the United Kingdom by the Financial Services Authority, is acting as nominated adviser and broker (for the purpose of the AIM Rules) exclusively for the Company in connection with the Placing and Admission and is not acting for any other person and will not be responsible to any other person for providing the protections afforded to clients of Arden Partners, nor for advising any other person in connection with the transactions and arrangements detailed in this document. The responsibilities of Arden Partners, as nominated adviser and broker under the AIM Rules, are owed solely to the London Stock Exchange plc and are not owed to the Company or to any Director or to any other person in respect of their decision to acquire Ordinary Shares in reliance on any part of this document. No liability whatsoever is accepted by Arden Partners for the accuracy of any information or opinions contained in, or for the omission of any material information from, this document, for which it is not responsible. BACKGROUND KSK is a new holding company which, following the Reorganisation and its resultant ownership of KSK India, will be the ultimate holding company of the Enlarged Group. The Promoters, S. Kishore, K. A. Sastry and V. H. Kiran, have been involved in developing power projects in India since 1998. They established KSK India in February 2001 to exploit emerging opportunities in the Indian power sector and have since focused its strategy on the private sector power development market, providing development, operation and maintenance services predominantly to heavy industrials operating in India. KSK India has developed, or is currently developing, power stations capable of generating in aggregate 400 MW of electrical power for a number of customers including India Cements Limited, Lafarge India Private Limited and Zuari Cement Limited. KSK India has a pipeline of future projects which are anticipated to be completed by 2011 resulting in a total capacity of 3,200 MW. In order to control the fuel supply to future operations, KSK India has also secured, or is in the process of securing, access to certain coal and lignite assets and resources across India. To date the development of each project has been funded by equity provided by KSK India, customers and financial investors, and debt from various financial institutions. Currently, the equity for three of the existing projects has been financed in part through a joint venture with Lehman. It is intended that the equity for future projects will be funded by KSK (via this joint venture with Lehman) along with other investors. THE KSK BUSINESS The Promoters and KSK India have a demonstrated track record of developing small and medium sized power plants for a range of customers. They have established a highly qualified and experienced team to undertake this development activity. Wherever possible, KSK will use a standard configuration of equipment and construction in order to optimise speed of delivery of the completed project and to minimise costs. KSK India outsources the planning, set-up and operation of its power plants, using a range of service providers as follows: *Consultant engineers undertake the power plant design and configuration. *Contractors undertake the procurement and construction requirements for each power plant within defined plant operation parameters. *Contractors also undertake the ongoing operation and maintenance of the power plants. KSK India has a wide pool from which to select contractors (both domestic and international) to provide these services and is able to invite tenders at each stage thereby promoting competition and innovation of design. KSK STRATEGY FOR GROWTH KSK's strategy for growth is to work with major international and Indian businesses and electricity distribution companies to ensure that they have access to a dependable and cost effective source of electrical power. This will be achieved through the development, construction, operation and maintenance of optimally sized power plants with appropriate fuel sources. To this end KSK India has secured, and will continue to secure, access to various fuel sources across India to help maintain security of supply and cost control. THE POWER SECTOR IN INDIA The supply and availability of dependable and economic power supplies to industry will be fundamental in ensuring that this anticipated growth in Indian GDP is achieved, which puts reducing the deficit of power at the forefront of the political agenda. As a result, both the federal, as well as the state governments have the authority to legislate on this subject. The Indian Electricity Act 2003, removed licensing requirements for power generators, provided for open access to transmission and distribution networks and removed restrictions on the right to build captive generation plants. Specifically, the open access reforms have increased interest in private investment in power generation, as companies are able to sell their output to different distribution companies and/or, directly to consumers. DIRECTORS The Board consists of six directors in respect of whom brief biographies are set out below. Padma Bhushan Mr. T.L. Sankar (age 72) - Non-Executive Chairman. Mr Sankar is renowned in India as an energy expert, having received the Padma Bhushan title in India, and has more than four decades of experience in the sector, including Secretary of the Fuel Policy Committee (1970-75), Principal Secretary of the Working Group on Energy Policy (1978-79), as a member of the Advisory Board on Energy, Government of India and as a member of the Integrated Energy Policy Committee. Mr. Sankar also served as Chairman of APSEB - the state power utility in southern India. Currently, Mr. Sankar is the Chairman of the Expert Committee for the comprehensive review and recommendation of a roadmap for the coal sector in India. He has also served the United Nations as an adviser on energy issues to the governments of Sri Lanka, Tanzania, Jamaica, North Korea and Bangladesh and has headed the Asian Development Bank's Asian Energy Survey. Mr. S. Kishore (age 44) - Executive Director. Mr. Kishore is one of the Promoters and is a chartered accountant by profession. Together with Mr. Sastry, Mr. Kishore set up K&S Consulting Group Private Ltd and subsequently with Mr. Sastry and Mr. Kiran Vadlamani, KSK India. Over the years, he has worked on various matters across the power generation spectrum. At KSK, he heads the business development and capital formation groups. Mr. K. A. Sastry (age 47) - Executive Director. Mr. Sastry is one of the Promoters and is a chartered accountant by profession. Together with Mr. Kishore, Mr. Sastry set up K&S Consulting Group Private Ltd and subsequently with Mr. Kishore and Mr. Kiran Vadlamani, KSK India. Mr. Sastry heads up the execution and operations divisions of the KSK India business, as well as having responsibility for the financial accounts and records for the Enlarged Group. Mr. V. H. Kiran (age 43) - Executive Director. Mr. Kiran is one of the Promoters and is a chartered accountant by profession. He worked as a partner in Umamaheswara Rao & Co Chartered Accountants for 8 years before he joined Mr. Kishore and Mr. Sastry at K&S Consulting Group Private Ltd and subsequently KSK India. Over the years, he has worked on numerous consulting assignments for various clients across different sectors in the area of corporate finance, capital markets and merger and acquisition transactions. At KSK, he was initially involved in strategy, legal and regulatory matters. He currently looks after the asset management division and manages the small is beautiful fund. Mr. M.P. Kirk (age 46) - Non-Executive Director. Mr. Kirk was managing director of Weber Shandwick Square Mile, a financial communications consultancy, until July 2005. He joined Weber Shandwick from Cazenove, the UK investment bank, where he worked in corporate finance for over 13 years, four of those as a partner in the firm. Whilst at Cazenove, Mr. Kirk advised companies on a wide range of corporate issues including the demerger of Centrica plc from British Gas plc, the Lattice plc demerger from BG plc and the UK listings of John Wood Group PLC and KBC Advanced Technologies plc. His early experience was in the energy and insurance sectors, having started his career at British Nuclear Fuels. Mr. Kirk is also a member of the Primary Markets Group of the London Stock Exchange. A chartered engineer, Mr. Kirk has an MBA in finance and degrees in chemical engineering and nuclear fuel technology. Mr. Kirk is also a non-executive director of KBC Advanced Technologies plc. Mr. S.R. Iyer (age 66) - Non-Executive Director. Mr. Iyer joined the State Bank of India as a probationary officer in 1962 and after holding various positions with the Bank in India and abroad, retired as its managing director in 2000. Since then, he has been part of various banking industry working groups in India and was Executive Chairman of the Credit Information Bureau (India) Limited from February 2001 to February 2004, a joint venture promoted by the State Bank of India and the Housing Development Finance Corporation Limited. FINANCIAL INFORMATION The following financial information summarises the audited financial record of the KSK India Group for the three year period ended 31 March 2006. Year ended Year ended Year ended 31 March 2006 31 March 2005 31 March 2004 US$'000 US$'000 US$'000 Profit & Loss Account Revenue 5,316 6,086 1,419 Gross Profit 2,834 3,947 656 Profit from operations 484 1,571 96 Profit before tax 880 441 (68) As at As at As at 31 March 2006 31 March 2005 31 March 2004 US$'000 US$'000 US$'000 Balance Sheet Non current assets 36,977 13,901 8,436 Current assets 17,626 10,694 5,358 54,603 24,595 13,794 Non current liabilities (26,421) (4,947) (6,627) Current liabilities (20,289) (11,733) (3,955) Equity (7,893) (7,915) (3,212) (54,603) (24,595) (13,794) CURRENT TRADING AND FUTURE PROSPECTS In addition to the three KSK operating power plants RVK, Kasargod and Coromandel, another plant, Arasmeta, has recently also become operational and is generating power. There is a clear pipeline of further power plants becoming operational over the coming months and KSK are also discussing many new projects with customers using a variety of fuel sources. REASONS FOR ADMISSION AND USE OF PROCEEDS Of the net proceeds of the Placing, approximately £3.7 million will be applied by KSK India to buy back and redeem the shares in it held by K&S as part of the Reorganisation, approximately £11.5 million will be used to invest in power projects and approximately £13.8 million will be used to develop fuel assets. The Directors believe that the Admission will also raise the Company's profile, enable future access to capital markets and diversify its investor base. Definitions The following words and expressions have the following meanings throughout this Press Announcement, unless the context requires otherwise: "Admission" the admission of the Enlarged Share Capital to trading on AIM and such admission becoming effective in accordance with the AIM Rules; "AIM" the market of that name operated by the London Stock Exchange; "AIM Rules" the rules of the London Stock Exchange governing admission to and the operation of AIM, as amended from time to time; "Arden Partners" Arden Partners plc (Registered No. 4427253) whose registered office is at Arden Partners House, 17 Highfield Road, Edgbaston, Birmingham B15 3DU; "Bijlee" Bijlee Bharat Holdings, a wholly owned subsidiary of the Company incorporated in Mauritius; "Company" or "KSK" KSK Power Ventur plc and all of its subsidiaries and interests in SPVs following the Reorganisation; "Directors" the directors of the Company named in this Announcement; ''Enlarged Group'' the Existing Group as further enlarged pursuant to the Reorganisation so as to include the KSK India Group; ''Existing Group'' the Company and Bijlee; "KSK India" KSK Energy Ventures Private Limited; "KSK India Group" KSK India and each of its subsidiary undertakings and interests in SPVs; "K&S" K&S Consulting Group Private Limited, a company controlled, and majority owned, by the Promoters; "Lehman" LB India Holdings Mauritius I Limited; "London Stock Exchange" London Stock Exchange plc; "Ordinary Shares" the ordinary shares of 0.1 pence each in the capital of the Company; ''Placing Agreement'' the conditional agreement dated 26 October 2006 between (1) Arden Partners, (2) the Company (3) the Directors and (4) K&S relating to the Placing; "Placing" the conditional placing by Arden Partners of the Placing Shares with institutional and other investors at the Placing Price pursuant to the Placing Agreement; "Placing Price" 107p per Placing Share; "Placing Shares" the 28,878,505 new Ordinary Shares the subject of the Placing; "Press Announcement" this press announcement; "Promoters" Mr. S Kishore, Mr. K A Sastry and Mr. V H Kiran, who are the promoters of the Company and KSK India; "Reorganisation" the subscription for new shares in KSK India by Bijlee and subsequent buy-back by KSK India of all its existing shares held by K&S which will result in the KSK India Group becoming wholly-owned by the Existing Group; "SPV" special purpose vehicle, each being an Indian registered company incorporated for the purpose of a specific power project in which the KSK India Group will typically hold a minority interest; - Ends - This information is provided by RNS The company news service from the London Stock Exchange END
m4m
10/12/2006
21:28
HTTP://kskplc.co.uk/
m4m
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