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Mytrah Energy Share Discussion Threads
Showing 226 to 249 of 250 messages
|I am guessing that the v. large trade which has gone through is the fund which had stated it wanted out - IDFC Alternatives. Has another fund picked up the shares (presumably a disclosure notice would follow). explains the drop in recent weeks/months to fill that sale on this normally very illiquid share.|
|Heading to 40|
|Couldn't resist here. Some large trade went through a couple of days ago (+1m) which i think is something to do with one of the funds that stated they want out of the investment as liquidating the fund, which I think has driven the price to crazy levels.
Ridiculously geared, but the big banks keep refinancing them on better and better terms.
Loads and loads out out on them in all areas except the financials annoyingly. Some great bits on YouTube (one seems to hint 1.3gw in the ground now, not 1gw in a Feb 17 interview with the MD.)
As long as banks don't take this over, the gearing should make for spectacular gains once they have some full years of the 1gw capacity flowing through in the numbers.|
|Well it looks like momentum is building. Up by 20% this week. Somebody out there knows something. Maybe the analysts are back from holiday and finally started to catch up on the trading update. Anyway, still lots of upside if you buy into the wind farm potential of the Indian market.|
|something cooking with this one? less than £40k's worth a day traded yet lost over 20% in last couple of days.
been talk over summer of raising up to $300m on an IPO - but how could it do that if already listed?? De-listing coming up? And probably float a different entity abroad so shares are not just transferred.|
|Yes but why so quick? This is not how the listed world works.|
|I think their previously stated target was mid 2017. They were confirming that would be met but without saying when. Guess they could have said would beat that target given the closeness of completing they obviously knew about.|
|How is it that they announce on 12 Sept in their interims they will get to 1GW of wind in mid 2017 and yet get there six weeks later?|
|Hutch_Pod. So did I on refinancing but they are not always consistent on messaging. The scale of any "IPO" proceeds puzzles me in relation to current market cap. Either they are assuming they can raise it at a much higher price or it would be very dilutive. Further, why would they need so much equity for the announced projects in 2017? I presume it is for a massive ramp up in 2018 and beyond.|
|Thanks hounddog. I actually thought they were happily refinanced after the $380m refinancing announced at interims. The listing is v interesting too. Seems positive.|
|They are rumoured or be raising/replacing $120m of finance (unclear how much debt or equity). They seem also to have hired advisers about going public and looking to raise $250-300m (probably 2Q 2017 I would guess - after 2106 annual results out). I think this is in part to deal with the IDFC mezz finance that matures early next year. They do not seem to realise they are already public albeit on a junior market.
As the IPO advisers are Indian I guess they would be looking to India or Singapore. Whether they will retain the AiM quotation is unclear.
It will be interesting to see what the issue of new shares will be priced at. I can only imagine it will be at least a fair bit higher than the current share price. It is worth remembering that when MYT floated on AiM the shares were sold 85p from memory and the company is infinitely more developed now.
|Does anyone have a view on when they can get their solar projects installed? They are quite cautious about it - but they seem to be quite a way down the road on PPAs, financing, land and equipment ordering. I would have thought the actual installation phase is only 2 to 3 months in which case most of it would be in by mid 2017. They say they will get to 1.4GW (which would include the solar) in the "medium term" which appears to imply later than 2017. But I may be misreading that.
They are very detailed on the progress of their wind projects but not so on solar.|
|I think it is less likely to do so. I am betting 2017 will be its year. I very much hope it does not delist because I think it is at a turning point. I don't think (hope) Ravi Kaillas wants to delist from a market and they have said the Development Bank backing them is looking for an exit.
Currently MYT is not having a good ride on AIM but that is because at the moment the financial results are not looking exciting. However, to my mind, that it is simply because of operational ramp up and prior poor monsoons plus crucially profits come in the second half. This year the monsoon is at least average - perhaps a bit more and the (initial) ramp up is largely done. By my back of the envelope calculations for the full year (the main benefit of monsoon winds comes in the second half) they will make $15m to $30m (and that will be after $5m or so of one off debt reduction costs). Put that on a p/e of say even 10 and the outcome is obvious.
I think this is an under researched and appreciated stock. There is high leverage so care needs to be taken from that perspective.
I am hoping the price will begin to move on the full year results.|
|After 80% Fall In Share Price, CSF Group Proposes To Delist From AIM (ALLISS)
CSF Group PLC on Monday said it will seek shareholder approval to cancel its shares from trading on AIM due to the relatively low demand for its...
Any risk MYT could do the same?|
|Meet Mytrah Energy at the Proactive One2One Renewable Energy Forum taking place on the evening of 21st April in Mayfair, London. To Register to attend, please click here: http://tinyurl.com/gkwjjv4|
|Indian companies companies not to be trusted|
|Indian companies companies not to be trusted|
|Yes, but the price rises 1 day before the news is released.
Shame on them.|
|Video interview with Mytrah Energy executive vice president Bob Smith
Mytrah Energy (LON:MYT) executive vice president, Bob Smith, believes that the power producer is “setting a standard for the industry” with its recent debt refinancing package.
The company has negotiated a deal with three banks to replace loans that were with 22 banks, a transaction he says is “a real reflection of the growing maturity” of Mytrah.
Smith also states that the variable winds that affected the firm’s performance last year were a “one-off”, and is “very confident that that’s not an indication of the future”.|
|Mytrah EVP Bob Smith speaks to Proactive .... http://tinyurl.com/ojkr6d4|
|Promising news on solar entry in the AGM update.
"Global competition is keeping us on our toes for profitability," he said.
Wind energy company Mytrah sealed a deal for 327 megawatts at a tariff of 5.75 rupees, of which 150 megawatts is under the utility-scale category, said Vikram Kailas, the company's managing director.
"This win is line with our strategy of diversifying into solar and is a huge responsibility," he said.|
|No longer a minnow, MYT is now a serious player in the renewables sector and a solid platform now established for sustainable growth. MYT have been quietly getting on with it - led by a highly credible Exec/senior management team.|
|Does anyone know if the finance costs given in the results includes an element of capital repayment?|