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 Shares Traded Last Trade
  +0.00p +0.00% 20.00p 80,250 07:48:17
Bid Price Offer Price High Price Low Price Open Price
18.00p 22.00p 20.00p 20.00p 20.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -14.2 -11.7 - 23.63

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Date Time Title Posts
20/4/201811:24LEAF: Clean Energy Investment Group234
26/3/201523:08*** LEAF ***-

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Leaf Clean (LEAF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-04-24 14:32:3018.5035,0006,475.00O
2018-04-24 11:17:3518.025,250946.05O
2018-04-24 09:29:1618.0120,0003,602.20O
2018-04-24 09:00:0718.2510,0001,825.00O
2018-04-24 08:53:0418.3910,0001,838.50O
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Leaf Clean Daily Update: Leaf Clean is listed in the General Financial sector of the London Stock Exchange with ticker LEAF. The last closing price for Leaf Clean was 20p.
Leaf Clean has a 4 week average price of 18p and a 12 week average price of 18p.
The 1 year high share price is 38.50p while the 1 year low share price is currently 18p.
There are currently 118,162,853 shares in issue and the average daily traded volume is 141,307 shares. The market capitalisation of Leaf Clean is £23,632,570.60.
pvb: "That argument was held on January 19, 2018. A decision is expected within 90 days of the argument."
pvb: Still no news, yet the share price plunges. Somebody must know something...
pvb: The share price story is clearly not optimistic.
pvb: No news yet but share price drop does not bode well.
flyfisher: 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. ''
pvb: Oops! Can't be too good...
glawsiain: 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%."
pvb: And LEAF annual results out today.
flyfisher: 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: Extract from todays crystal amber results. Leaf Clean Energy Company (“Leaf”) When in October 2013 the Fund initially invested in Leaf, the shares were trading at a 45 per cent discount to their then net asset value. In our view, this was the result of a poor investment track record, the scale of annual running costs and the minimal visibility of investments. Some of these investments are attractive, notably the convertible investment in Invenergy Wind. It was acquired for $40 million and now accounts for more than half of the value of the portfolio. Invenergy Wind is North America’s largest wind power generation company, and has developed more than 8,000 MW of renewable and natural gas power generation and energy storage facilities. Some other investments such as Lehigh should also deliver value. Following engagement with the Leaf board, the Fund took decisive action to change the leadership of the company. We called an EGM to remove the chairman and the executive director and proposed that Mark Lerdal became executive chairman, with a clear mandate to realise the investments in an orderly manner. An incentive package was agreed, centred on the cash returned to shareholders. Leaf's board agreed the changes, and the new board began steps to realise assets. It cut additional funding to MaxWest, realising a $17.2 million loss. It has disposed of Multitrade Rabun Gap, Multitrade Telogia, SkyFuel and Johnstown Regional Energy realising $8.4 million in cash, only $0.7 million below their carrying value. Running costs have been reduced to $2.5 million per annum. In March 2015, management said it is likely to take two years to realise all its investments. Over the year and as the share price deteriorated, the Fund increased its position in Leaf from 10 per cent to 29.9 per cent. The Fund is confident in the value underpinning the Invenergy investment and the ability of the new board to return cash to shareholders. In addition, Leaf is now benefiting from the investor appetite for so called “yieldcos̶1;, entities that acquire and operate income generating assets from developers and operators such as Invenergy. In July 2015, TerraForm announced the acquisition of 930 megawatts of wind power capacity from Invenergy for $2 billion. This deal might set a high valuation for Invenergy and therefore for Leaf’s convertible instrument. In June 2015 Leaf´s shares traded at a 36 per cent discount to its December 2014 NAV. In our view, the reported NAV understates the value that can be achieved from the sale of the Invernergy stake. The realisation of Leaf’s investments is a well advanced process albeit one of unpredictable timings due to the private nature of the holdings. We are confident that Leaf can return cash to shareholders significantly in excess of its share price.
Leaf Clean share price data is direct from the London Stock Exchange
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