Share Name Share Symbol Market Type Share ISIN Share Description
Leaf Clean LSE:LEAF London Ordinary Share KYG541351196 ORD 0.01P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 35.00p 34.00p 36.00p 35.00p 35.00p 35.00p 0 07:51:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.5 -2.6 - 41.36

Leaf Clean Share Discussion Threads

Showing 201 to 224 of 225 messages
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DateSubjectAuthorDiscuss
31/10/2017
07:20
Could indeed. Viewing this website, I can see a couple which took more than a month but I notice Lassiter’s last judgement took only three days. hTTPs://courts.delaware.gov/opinions/
jhan66
31/10/2017
04:58
Could take few days, weeks or months before a verdict is issued???. An unknown quantity...
carcosa
30/10/2017
10:26
From cystal amber's october newsletter: "Leaf Clean Energy Co. (“Leaf”) During the quarter, the Fund completed an unsecured loan note investment in Leaf of $1 million. This facility will support the company’s ongoing litigation with Invenergy. The Delaware Court has scheduled a trial for 25-27 October 2017 to determine the amount of Leaf’s damages. The company is seeking net $122.2m in damages from Invenergy, which compares to Leaf’s market capitalisation at 30 September 2017 of £44.8m (c.$59.0m) and its latest available NAV at 30 June 2017, of $88.3m."
glawsiain
30/10/2017
10:24
Case should have finished last friday. I can't see any news. Anyone?
glawsiain
26/10/2017
23:27
No news yet but share price drop does not bode well.
pvb
29/9/2017
14:13
final results published. "The Court has scheduled a trial for October 25-27, 2017, to determine the amount of Leaf's damages"
glawsiain
29/9/2017
07:15
Leaf haven’t managed to publish results in September for the first time in a while. Presumably waiting for US court action which I think is now due in October, judging by a note in Crystal Amber’s last report.
jhan66
20/9/2017
08:17
Need it to fund the legal costs against Invenergy.
tiltonboy
20/9/2017
06:59
Don’t know what to make of this new news. 12% sounds expensive. I thought this company had few running costs. I guess we need it to pay for director incentive schemes. makes the compulsory share repurchase look like a mistaken use of spare cash.
jhan66
13/9/2017
14:52
Thanks flyfisher. The link is here htTps://www.thelondoneconomic.com/prices-markets/crystal-amber-lays-out-case-for-its-portfolio-after-bumper-year/13/09/
glawsiain
13/9/2017
14:27
The hearing for damages should occur in the delaware court in the next two weeks, crystal amber remain positive in their results statement today. '' On 30 June 2016, in a partial judgement on the case, the court ruled that Invenergy Wind had breached the contract by not obtaining Leaf's consent to the transaction. Pending further proceedings, the court has not yet determined the amount of damages, which Leaf argues should be determined by applying the target rate of return of 23 per cent, as agreed between Invenergy Wind and Leaf. On 10 October 2016, the court rejected Invenergy Wind's argument that the exercise of a put option voided Leaf's claim for breach of contract. The full value of Leaf's claim against Invenergy Wind, with interest but net of tax, is over 95 cents (72 pence) per share. This compares to Leaf's share price at 30 June 2017 of 37.5 pence and its latest available NAV per share at 31 December 2016, of 77.65 cents (58.8 pence). The Fund remains confident in the value underpinning the Invenergy Wind investment and that Leaf will successfully realise it. ''
flyfisher
17/5/2017
06:22
From the interims... "A third appraiser has been retained jointly by Leaf and Invenergy to value Leaf's interest in Invenergy. The third appraisal is expected to be completed in April 2017. Pursuant to the Operating Agreement, when that appraisal is complete, the average of the three appraisals should determine the price for Leaf's interest in Invenergy for the purposes of the put/call process." April has long since passed... Would have expected an RNS by now. Anyone heard anything else about this?
carcosa
30/3/2017
10:19
Oops! Can't be too good... https://uk.advfn.com/stock-market/london/leaf-clean-LEAF/share-news/Leaf-Clean-Energy-Company-Half-year-Report/74218730
pvb
23/3/2017
13:17
Half year report due next week and we've had more volume in the last week than we've had all year.
jhan66
24/2/2017
11:56
from Crystal Amber's february 2017 newsletter: "Leaf Clean Energy Co. (“Leaf Clean”) Crystal Amber continues to support the board of Leaf and its realisation strategy. Leaf is currently litigating with its largest holding, Invenergy. Leaf is seeking payment of $126 million (pre-tax), equating to 79.4p per share (pre-tax), which compares to Leaf’s share price at 31 January 2017 of 40p. We also note that whilst this litigation is ongoing, the claim accrues a 6% interest, which we feel adequately compensates our position given the confidence we have in Leaf’s position. We believe the company will be able to generate resources needed to see through the litigation, from the orderly realisation of other assets, maximising the value of the legal case against Invenergy. Over the month, Leaf’s share price increased by 13.6%."
glawsiain
28/9/2016
19:38
And LEAF annual results out today. http://uk.advfn.com/stock-market/london/leaf-clean-LEAF/share-news/Leaf-Clean-Energy-Company-Final-Results/72540289
pvb
13/9/2016
07:21
From Crystal Amber results issued today. In July 2016, Leaf announced a favourable preliminary decision in its lawsuit against Invenergy for breach of contract. Leaf is seeking payment of $126 million, equating to 79.4p per share, which compares to Leaf's share price at 30 June 2016 of 34.5p. The Fund remains confident in the value of the Invenergy investment, despite the disappointing valuations announced in May 2016. The average of the two fair value appraisals was $55 million, short of the $97 million carrying value. In its Interim Report, the company declared its NAV at 31 December 2015 to be US$109 million or 92c (c.71p) per share. Using the average of the two appraisals, Leaf's NAV at 31 December stood at US$74.4 million or 63c (c.49p) per share which compares to the Fund's average cost per share of 34p. The Fund holds 35.3 million shares in Leaf. We remain confident that Leaf will successfully realise the value in its core holdings and return cash to shareholders. According to recent valuations, this has the potential to be well in excess of the current share price.
flyfisher
04/7/2016
11:06
The December 15th amendment to the sale agreement provide a new '' agreement to sell'' date in any event, by which time Leaf was an equity holder and the company should have sought consent under the operating agreement. The defense fails on that point and also on the definition of sale date meaning closing. The compensation agreement for the breach of contract seem pretty clear and, as written, provides LEAF with a return on investment at a set irr to give $126m as referred to by LEAF previously. Presumably the horse trading will now begin, possibly with the threat of a counter claim for misuse of confidential information.
flyfisher
04/7/2016
09:53
That judgement looks quite conclusive to me. The company's defence is, I think, that Leaf acted so that it would be in a position that it had to benefit from one of the sell (closing) clauses. The judge has basically said, yes, the clauses mean what they say, and secondly the company cannot claim that LEAF acted in bad faith for taking advantage of the contract as written. The company contested that the the word "sell" should be extended to include agree to sell, and that the use of the word "closing" in addition creates ambiguity. The judge argues that "sell" is almost always used for consummation, and even if it did not both the language in the contract, and the terms, can only mean at closing.
hpcg
04/7/2016
08:17
lawyers making a bomb
vfleetsons@aol.com
02/7/2016
11:45
The court ruling. hTTp://www.leafcleanenergy.com/clientfiles/files/Ruling%20on%20Invenergy%20complaint.pdf
flyfisher
01/7/2016
15:12
Given the disparity of the appraisers valuations, it does not seem to be an easy task in guessing the quantum of the final outcome. It is however safe to say that recent currency movements have assisted us shareholders and yesterday's legal finding is very welcome news. However the appraisal process could be halted/irrelevant if Leaf pursue the litigation route. Personally as long as I can get ~40p or above I shall be a tad disappointed; but timing is also an issue as I don't feel like waiting a few years for the final outcome!
carcosa
01/7/2016
14:50
The court ruling seems to come at a good time for leaf, with third party appraisers due to conclude the invenergy stake valuation shortly. Is it likely that a negotiated settlement will now be reached at the point of sale of invenergy. Also I recollect leaf putting the quantum of the claim at $126m a while ago, approximately 80p per share, which is a multiple of the current s/p. Would anyone be able to hazard a guess of the final outcome.
flyfisher
01/7/2016
14:37
http://uk.advfn.com/stock-market/london/leaf-clean-LEAF/share-news/Leaf-Clean-Energy-Company-Update-on-Invenergy-Wind/71873274 "23. This ruling does not determine the amount of damages to which Leaf is entitled for the Company's breach of the Series B Consent Provision. That issue will require further proceedings. Vice Chancellor Laster Dated: June 30, 2016"
pvb
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