We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Novera | NVE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 77.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 77.00 | 77.00 |
| Top Posts |
|---|
Posted at 15/10/2009 13:21 by robson1974 15 October 2009Novera Energy plc ("Novera" or the "Company") Statement of shareholder support On 13 October 2009, the Board of Novera announced that it continues to believe that the 62.5 pence per share unsolicited, mandatory cash offer from Infinis Energy Limited (the "Offer") substantially undervalues the Company and recommends that Novera Shareholders take no action and reject the Offer. Novera is pleased to announce that it has subsequently received letters of support ("Letters of Support") from Novera Shareholders holding, in aggregate, 46,589,699 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares"), representing approximately 32.2 per cent. of the existing issued share capital of the Company. These shareholders have each stated that the Offer substantially undervalues Novera and that they support the Novera Board in rejecting the Offer. Commenting, Roy Franklin, Chairman, said, "We are delighted to have received this strong and public support from our top institutional shareholders. This only strengthens the Board's resolve in rejecting this cheap and opportunistic offer." Novera Shareholders are strongly advised to ignore any documents that may be issued by Infinis Energy Limited or its advisers and not to sell their Novera Shares. Further details of the Letters of Support are set out below: Novera Shareholder Number of Ordinary Shares held Percentage of existing issued share capital of Novera Harrier Acquisitions Limited 12,406,392 8.57% Aviva Investors 10,005,867 6.91% Caledonia Investments plc 8,249,869 5.70% Ennismore Fund Management 5,600,000 3.87% Jupiter Asset Management Limited 5,038,066 3.48% Guinness Atkinson Asset Management Inc 2,845,155 1.96% Guinness Asset Management Limited 94,350 0.07% Allianz Insurance PLC 2,350,000 1.62% |
Posted at 20/8/2008 21:11 by praipus very strange IMHO take a look at this from the ECO threadgreenisgood - 20 Aug'08 - 19:29 - 128 of 129 For those unfamiliar with the significance of the recently announced EU CITL link-up to the UN system for ECO the following article from poweralternatives.co "August 20, 2008 Carbon Trading: The EU And The UN Finally Get Their Ducks In A Row By Ivor Watt It may not have been widely heralded, but earlier this month it was announced that testing to establish communication between the UN and the European Union carbon registries had been successfully completed. Unheralded, yes, but for the EU's carbon trading system, and also for several UK-listed companies, vitally important. Although the EU Emissions Trading System (ETS) is the most - indeed the only - established mandatory cap and trade system for carbon emissions in the world, it has been under threat of stalling of late, due to the lack of communication with the UN International Transaction Log. This disconnect was threatening to unhinge the relationship between polluters in the developed world and the creators of carbon credits in the developing world. But the latest moves mean that carbon emissions reduction certificates created in the developing world under UN initiatives can now be transferred into the EU system, freeing up what was threatening to become a debilitating bottleneck in the system. The official launch of communication between the two systems hasn't happened yet but should do so before the end of the year. The final confirmation of the two systems' ability to communicate removes one of the last major uncertainties in the EU's carbon trading system and should now allow member states to issue their national allocation plans for domestic industries, which determine how much carbon companies are allowed to emit. Some countries had been using the lack of communication as a reason to withhold their allocation plans, adding to the uncertainty about the system. Confirmation of communication between the registries is of great significance to several companies that specialise in aggregating portfolios of carbon credits in the developing world, where they are issued under the auspices of the UN's Clean Development Mechanism, and then selling them into the EU system to companies who are overshooting their emissions targets. These carbon trading companies were facing up to a potential cash flow problem in that credits they had forward sold, or promised, to clients were stuck in the system and unavailable for physically delivery. As a result their payment for said credits was also held up. But now Camco International, EcoSecurities and Trading Emissions can all continue to build their portfolios in the confidence that the credits produced can be sold into the EU system. Investors who have seen the value of their investments in these companies slide in the past year due to uncertainties in the system should begin to see the share prices in these companies recover, as they recover the ability to prove the value inherent in their portfolios. All three companies have seen their share prices suffer as investors have switched to more established sectors. In the meantime, sentiment toward carbon credit portfolio aggregators has not been helped by the demise of one-time rival AgCert, nor by a profit warning from EcoSecurities issued last year. Another company which has been unaffected by such tribulations, but which will also welcome the news of the removal of further uncertainty from the EU ETS system is Climate Exchange. Climate Exchange has been one of the biggest successes on London's Alternative Investment Market (Aim) over the past year, as it has enjoyed being perceived as a proxy for the growth of the carbon trading market itself, through its operation of the European Climate Exchange, the dominant clearing platform for carbon trades in the EU. With volumes rising incessantly and Climate Exchange seemingly maintaining its market share, the the removal of further uncertainty can only help its cause. As the carbon market continues to mature, and the communication between the two registries aids this, the participants who have struggled to establish themselves over the past few years may finally begin to see the fruits of their labours realised |
Posted at 25/5/2008 14:25 by robson1974 The GBP112 million takeover battle for Novera, a renewable energy group with landfill sites, wind farms and hydro-electric power, presents an interesting insight into the stresses faced by fund managers in the current markets. The battle itself pitches 3i, the giant private-equity firm, against Infinis, the renewables business that is backed by Guy Hands' Terra Firma. Novera, advised by Oriel Securities, therefore finds itself the subject of an auction. Normally in companies of this size, the protagonists don't bother trying to buy shares in the market because there won't be enough liquidity around to allow them to buy a meaningful slug of the equity. Similarly, the fund managers are usually happy to sit tight and let the rival suitors slug it out until one has had enough, and then take the winner's offer. This time it is different because the bidders have been able to buy in the market to such an extent that they now hold about 40 percent of the equity between them. This tells us little about who will win the bid but a lot about the changing behaviour of fund managers. It shows that fund managers at the moment have no stomach for holding on for the last 5p or 10p they might get from letting the auction run its course. They would rather have cash now, and have been selling in the market to secure it. Among unit trust groups, this is taken as evidence that redemptions are causing some problems. The first stream of customers wanting their money back a few months ago was met by fund managers selling their bigger, more liquid stocks. But many have now burned through that, leaving them with portfolios which are high-risk because they contain a lot of small and hard-to-sell stuff. If investors continue to ask for their money back, it means the fund manager may be forced to sell these illiquid stocks at fire-sale prices. So when a bid like this comes along, they grab it, seeing it as a source of urgently needed cash. |
Posted at 17/3/2008 21:20 by robson1974 Well clearly Infinis wanted Novera thus they bid on Feb 18th. One could speculate they couldn't get Novera to talk so they decided to go round it the other way and start acting bolshy about a few small contractual details such as change of control provisions. 3i clearly foresaw that their offer was a lowball one and took the insurance of buying 10% in the market. Today has seen volume of 12m shares so either they sold out / or they bought more / or Infinis bought / or some other strategic investor is buying in / some hedge funds reckon they can make a bit of money by buying at 86-90p and then sell out at above the original 90p offer. |
Posted at 16/2/2008 11:45 by robson1974 I reckon strategic investors such as EDF Energies Nouvelles, Iberdrola Renovables, SSE, Infinis, Biffa, Pennon could all come in here and offer more.Some of these stocks trade on 15-25x EV/EBITDA so buying Novera which is currently just on about 10x EV/EBITDA is going to be accretive. A full scale bidding war i think can take the share price well over 100p. |
Posted at 16/2/2008 11:38 by robson1974 3i linked to approach for Novera EnergyBy Ed Crooks Published: February 16 2008 02:00 | Last updated: February 16 2008 02:00 Novera Energy, which generates electricity from landfill gas, has received an approach that could lead to an offer at 90p a share, believed to be from 3i. The potential bid from the private equity group is 44 per cent above the closing price on Thursday night and would value the company's equity at £112m. The approach reflects increasing interest in the profitability and growth potential of renewable energy, especially wind power, which is the focus of Novera's expansion plans. Landfill gas is a relatively mature market. Novera said that it was prompted to reveal the approach, with the consent of the potential bidder, by the recent rise in its share price, which gained 7 per cent on Wednesday and 2 per cent on Thusday. The shares closed last night at 79p, up 26 per cent, having drifted down from 75p to 55p in the second half of last year. Speculation yesterday centred on 3i Infrastructure as the most likely possible bidder. 3i said in 2005 that it was seeking more investments in renewable energy, and Novera is the largest independent quoted company of its type in the UK. 3i refused to comment last night. Infinis, a similar landfill gas company that is expanding in wind power, is owned by Terra Firma, another private equity group. Novera has 58 sites, of which 46 are landfill gas and just one wind, generating a total of 122mw, but its target is to get to 250mw of wind power by 2011. A note from Oriel Securities, the company's broker, last month suggested a "risked upside valuation" of 117p a share and a core value of about 80p. Interest in wind power from investors and utilities is driven by the UK's Renewables Obligation, one of the most generous subsidies in Europe for renewable energy, and the European Union's target that by 2020, 20 per cent of all the EU's energy - and by implication, about 35 per cent of its electricity - should come from renewable sources. Ian Simm, the chief executive of Impax, a specialist investor in the environmental sector, said that values of wind assets had fallen by about 25 per cent since last summer, making them more attractive investments. "With the EU's renewable directive taking effect between now and 2020, people investing in renewable energy assets right now ought to be quite well positioned," he added. |
Posted at 21/8/2006 17:10 by wassapper Novera Energy Is Betting on the UK For Its Portfolio Of Renewables. By Rue Swabey Novera Energy's business is diversified with a portfolio of renewables but geographically it is taking a bet on the UK. Novera's portfolio includes three technologies: wind, advanced energy from waste and landfill gas. The company was founded in Australia in 1998, but soon migrated to the UK given the opportunities arising from government targets to increase demand for renewable energy. Novera was listed on AIM in June 2005 and de-listed from the Australian Stock Exchange in April 2006. About half of the shares remain with Australian shareholders including the company's founder and an angel investor. Its new UK-based management team is headed by David Fitzsimmons, who was appointed CEO in October 2005, after 27 years at British Petroleum ... |
Posted at 22/5/2005 21:05 by energyi Australians AIM at London listing(Friday, May 13, 2005) ANOTHER two Australian companies ?renewable energy specialist Novera Energy, and Elixir Petroleum ?are moving to list on the Alternative Investment Market of the London Stock Exchange. ... Shareholder movements (Friday, April 29, 2005) MERRILL Lynch & Co Inc into Novera Energy Ltd; ... Novera finalises $5.3m share placement (Thursday, April 21, 2005) RENEWABLE energy company, Novera Energy, has completed the placement of 17,620,500 new shares at 30 cents a share, raising A$5.286 million. The participants in the placement were one existing and three new UK institutional investors. ... Novera aims to add to European wind assets (Wednesday, April 06, 2005) NOVERA Energy has announced it has gained the exclusive right to negotiate the acquisition of wind farms in operation and under development in Germany. ... Novera sees RED over UK wind projects (Friday, March 11, 2005) NOVERA Energy Ltd has formed a joint venture with Scottish firm Renewable Energy Development Group Ltd (RED) to co-develop wind energy sites in Scotland and northern England. ... @: |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
