Marechale Capital Share Discussion Threads

[bullsvbears] 26/8/2015 08:20

And some odd trades going though hugely above the offer.

[bullsvbears] 26/8/2015 08:19

Disastrous!!!

[panamabob] 26/8/2015 08:15

Stramge though that no word yet on the meeting,

These things are usually leaked somehow.

[ajseabright] 26/8/2015 08:13

So no one has a trusted source who can confirm either way?

[granitetim] 26/8/2015 08:13

26 August 2015

26 August 2015

Marechale Capital plc

("Marechale Capital" or the "Company")

Northfield UK Solar Update

Further to the Company's announcement on 21 August, the Directors of Marechale Capital are pleased to announce that Kettering Borough Council has granted planning permission for Northfield UK Solar Limited's ("Northfield") 49.9MW solar scheme at Desborough. The Company has a 26% equity shareholding in Northfield and this solar scheme. If the project is successful at the next DECC CFD (Department of Energy and Climate Change Contract for Difference) auction, originally scheduled for October but now delayed until further notice, there may be significant additional value (yet to be quantified as it will depend to a significant extent on the result of the auction) for Marechale Capital and the other Northfield shareholders. The Company continues to await the outcome of the planning appeal on Northfield's other solar scheme proposed at Stanford, which is expected this Autumn. The Company's Directors wish to point out, in the light of last week's significant share price rise, that the approximate value of the net assets on its balance sheet is currently around GBP850,000. While the Directors believe there is potentially significant additional value in Marechale Capital's investments, including Northfield, which may be realised above their book value there are significant risks involved in achieving this.

[troutisout] 26/8/2015 08:12

What did you expect, the meeting was last night and the Company will have only just got in to work.

[tracy_moore] 26/8/2015 08:11

Nothing gets past you eh lol.

[bullsvbears] 26/8/2015 08:08

No RNS.........

[olly2] 26/8/2015 08:03

Good start :-)

[ukmassy] 25/8/2015 23:41

Hamid, I never said it was.

[ajseabright] 25/8/2015 22:37

Yep that's the guy! Not to be trust apparently... All will be revealed tomorrow!

[hamidahamida] 25/8/2015 22:29

Over on LSELOOKS LIKE PLANING PERMISSION GRANTEDShare Tips ‏@ShareTips6 1h1 hour ago#MAC great result glad I came now! Shame about the cold tea and stale biscuits!Share Tips ‏@ShareTips6 2h2 hours ago#MAC FOR 6 AGAINST 1 - APPROVED

[ajseabright] 25/8/2015 22:23

I see there are a few on Twitter confining but I don't know them!

[hamidahamida] 25/8/2015 22:21

UkMassy Why would you think it has been approved

[hamidahamida] 25/8/2015 22:20

Has it been approved can't find any thing??

[tidy 2] 25/8/2015 21:25

Twitterati games

[ukmassy] 25/8/2015 21:19

Nothing official but it looks like it.

[ajseabright] 25/8/2015 20:47

Has pp been approved?

[bigalan3] 25/8/2015 15:08

There is some big buying starting for tomorrow. I suspect the company have no intention of seeing it to fruition.

[troutisout] 25/8/2015 14:38

barnetpeter,

I bought some when I saw the council site link and managed to scalp a three and a half bagger, which was great considering.
You know my views on this and the valuation at MAC is currently way ahead of the curve.

I think they will get permission but that will not add anything to the current value.

I honestly see them trying to sell it after planning permission is given and therefore they will get a fraction of the built prices we have seen bandied around.

If they do decide to build it out, yes MAC can source some finance, but the last two fundraisings have seen MAC diluted from 33% to 30% and then 26% (and that all on a few hundred thousand raised), what happens when they raise £50m?
MAC will not keep that 26% carry. If they did then the rates for the finance would eat all profits and especially if they didn't get any CfDs in the auction.
With a 25 year lifespan, paying back finance for half of that would really affect the price and as time moves on it becomes a depreciating asset which MAC will only be able to realise on if it is sold.

[ten bag man] 25/8/2015 13:44

Well done.

[barnetpeter] 25/8/2015 13:43

Trout ...I dont disagree with you at all. This was at 1.5 on Thursday last and has hit 12p bid. A thumping sudden profit for holders and clearly the value and risk is a lot higher now. I wonder about this rally though; too big for a ramp and little retracement as of yet. So if they get the green light tonight I wonder if a deal has been done with a big player conditional on the vote.

Speculation of course....but the mkt usually knows more.


Mac has helped me rather a lot....cleared all those losses on aim oil shares and then some. I guess most holding on thursday are now sitting on "free" stock after cashing in a bundle so are relaxed.....

Yes 10 bag....a definite 10 bagger.

[nerdofsteel] 25/8/2015 13:30

classic pump and dump this one