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Share Name Share Symbol Market Type Share ISIN Share Description
Mytrah Energy LSE:MYT London Ordinary Share GG00B64BJ143 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 44.75p 44.60p 44.90p - - - 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 293.3 -4.5 -2.0 - 77.61

Mytrah Energy Share Discussion Threads

Showing 276 to 298 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
Mytrah (MYT) Earnings-Reaction to Keep an Eye
The real bad thing here is that the 'independant' non execs which approved the deal would presumably also be aware of the planned fund raising of $500m to sell part of the business - so struggle to see how they think a full entity valuation of £78m is fair!
Well said NY Boy, by all metrics this should have been a winner, high entry costs to provide renewable entry. Was always going to take 5 plus years to settle and become a more institutional. Investment. Lack of any updates doesn't do share price any favours and we had no info on last 6 months revenue. How are we supposed to appraise and consider the offer when even investec which still has a £1.00 target on this day 45p is a good deal. Yup for the chairman. Sold out couldn't be bothered to wait for the last 1.33p but this is an absolute disgrace. Even for AIM
Seems to be a trend some of these AIM stocks will be bought on the cheap, only benefits those that were brave enough to buy this year, even than not all that of a return, unless you got this years lows. Many shareholders holding for some years will feel robbed by the AIM casino. You need two or three good winners out of 10 to keep a good return going, the 7 or 8 others usually end up duds
ny boy
Yup Eddie1980 SPV set up in Nov 17, just after the leaks of a delisting and just to ensure further reduction in share price an unauthorised loan. Well done for making a few quid, I have just about broken even but I upside and we hand the chairman a large income producing business for peanuts whilst looking to come in with a generous 60% above share price offer
Yep. I bought a fair bit in the 20's, so am winning, but its still a con. This will be valued at closer to £1billion based on peers. Not sure how Esrano Overseas are counted as independent - they seem very close/connected to the current executive team - see below hxxps://
What a scam, no trading update for 6 months and they wonder why the share price is stagnant. Invest in the start up of the company and they sell it before you can reap the upside.
Reports that MYT will delist from AIM before IPO in India, due to differences in market valuation! It seems that one of/all of the operating subsidiaries would list in India. Logic would have the holding company's valuation would increase if it held a % of the Indian listed paper, but why do that when you can delist and force everyone into selling at this price, and have it all yourself. My betting is the Indian listing will have it at multiples of today. frustrating.
The point on transferring day to day running, is that simply I can't understand how the chairman would be able to get authorized a transfer once outside the operational part of the business, it simply shouldn't be possible. (unless, of course it was authorised by the CEO.) The market may misunderstand the entity but i'm not sure (small) profits will help - it simply has no market here. Yes, the share price will get chased up quickly if it looks profitable, but watch it move on about 1 million share buys (i.e. £300k) - the value of the business doesn't genuinely change on that level of buys or sells. With the level of investment in power each year (800MW), the company wont report profits, but as long as cash returns are surpassing targets on active installations, the company is meeting its objectives. A secondary / new listing will be about raising some funds (they themselves always talk that new investments/sites should be 25% equity/75% debt) but that certainly isn't the case to date. But it will also be about finding a valuation level for the business. Placing say 20% of the business (say reducing the family holding down to around 50%) would allow the market to place a more realistic value on the business, as there would be a bigger free float. One thing for sure, any new equity funds raised wouldn't be at the valuation today, it would be multiples. In my eyes, this share is all about them seeking market value that way. Simply won't happen just listed here and trying to value on standard price/earnings metrics. The only thing I have found is that the business is very leaky in information flows - not in a bad way, but the press talk about funding, investments etc, long before actually announced by the entity. The IPO talk has been about a good while too, and now there are interviews accrediting the CEO with this talk. Mytrah even link to articles on their (new and improved!) website of such talk. So, one way or another, there will be activity within the next year or so to seek a way to raise money/find a higher valuation in the marketplace.
Hmm. Doesn't do much for trust does it. I'd been shown the door if I did that.
Eddie. The CEO is his nephew. I too am surprised by Ravi. He is a Stanford MBA and very experienced. As you say it is very confusing that they talk about an IPO. Over time I have come to understand it is, as you say, the Indian subsidiary. They could do a straight introduction without a placing. They don’t really need much equity. The problem with the share price derives from a lack of profits. As you say it is all about cash but I don’t think the AIM market really understands this type of company. Once they show a profit - should be for this year - it should rerate.
Must admit, am suprised by this. One, Ravi, (the founder), handed the day to day reins to (name blank!!) the CEO many years ago - I really struggle to understand how he could extract such monies like this. Surely there are controls in place. On the positive, shows good governance to identify and notify, and it should be repaid shortly. Was only ever going to be damaging to share price short term. My worry with companies such as these, where the vast majority (70%+) are held by the founders and family, is that they can delist so easily. Clearly, with no market for the shares in the UK, the 'market' value of the shares is not realistic, and any buyer looking for significant stake or takeover would not be able to purchase significant quantities at these levels. Must still be very depressing to see the group valued at basically nothing. Shareholder returns - they do not focus on shareholder returns - for them its cash returns. Once the make the significant investment in the infrastructure assets, its all about the cash it generates, being a suficient return over the costs of such assets (typically the debt cost). This is why they have been able to achieve debt levels way above a normal trading company - the cash is just invested in long term infrastructure assets which generate cash. Not disimilar to pension funds investing in toll bridges or roads - just interested in the cash returns.. The profits will come to Mytrah on economies of scale, efficiences gained through learning re the technologies, and track record, securing lower interest rates on their borrowings. The CEO is now performing interviews where he talks of a possible 'IPO' next year - strange as they are already listed. But this presumably will be a significant placing of their existing shares, or new shares at presumably a better valuation onto an Indian stock exchange. I have seen other overseas companies end up with a split listing, where a trading subsidiary is listed on the local exchange, with the head company maintaining the UK listing (in truth this just ends up with the UK entity being valued as whatever their share of the trading subsidiary is.) Not quite sure how this would work in Mytrahs case, as the trading assets are split in separate entities (which they call special purpose vehicles)
After this mess the pressure will now be on to show shareholders returns rather than empire building. Doesn't help install confidence in Indian companies.
monty panesar
Has anyone managed to work out the total interest bearing debt and the average cost of debt?
bought in today feels like worms finly turning here
tens machine
hxxp:// I am in at 24p and like it very much!
From memory USD 900m, net debt USD 800m, interest rate a bit above 10% but should fall somewhat this year (restructured last year) In relation to power sales (i.e. Non capitalised interest) on the 1GW they are broadly operating total interest is USD 100m. Borrowings INR. All FY16 figures. Remember monsoon skewed to the second half.
Anyone know how much debt they have and in what currency and what is the interest rate and how much the interest paid each year is in relation to power sales?
The run rate EBITDA for this year on operating megawatts of around 1,000 should be significantly higher. The 220 megawatts under construction in the published period should drop into this years p&l without significant adverse movement in overheads.
Let the chart be your guide to enlightenment Not a newspaper pundit
What do people think now significant Events have taken place and Results are in ? Anybody worked out what all the Foreign Investment, Loans & Debt might mean in terms of actual Shares in issue at a Global level in multiple Markets ? Worth a punt at long last ?
Many thanks hounddog. I've held MYT a few years ago, but sold at a slight loss. Looks interesting at these levels, just reading the accounts - lots of debt, and few headwinds (excuse the pun), but share price should re-rate. FT report on Renewables today talked of big appetite in India for renewables (wind, solar etc).
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
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