Novera Energy Share Discussion Threads

[aasteps] 20/8/2008 16:50

it all seems very positive why did the price drop today anyone know anything?

[praipus] 19/8/2008 17:13

SSE being bid for so should have positive impact on all generators IMHO. RWE REH etc

[praipus] 18/8/2008 23:42

Good post robson1974. It seems Novera generate 85MW from landfill. So theoretical £141m for Novera's landfill alone.

[robson1974] 18/8/2008 21:07

£200m for 120MW of LFG in UK makes Novera look very cheap.

[robson1974] 18/8/2008 21:04

no, but in UK you have Renewable Energy Generation and Eurotrust which are wind farms and also Clipper Wind which makes turbines and is developing wind farms with BP

[praipus] 14/8/2008 09:31

Anyone know where to find a listing of all the quoted and unquoted wind farms?

[praipus] 12/8/2008 11:16

robson1974 I have started a new NVE thread as you have had no response to your post.

[praipus] 12/8/2008 11:14

Hold some of these through BRNE Black Rock New Energy Technology PLC an investement trust. RWE (REG Renewable Energy Generation PLC) are making money forward selling their electricity and spot selling ROC's. They are also updating their wind turbines. In REG's situation this will nearly trebble the output at one wind farm. Presumably NVE could do the same thing at some point enhancing their income stream going forward.

[robson1974] 01/7/2008 19:06

Could someone change the title of this thread?

It is UK Wind, Landfill Gas, Hydro and Waste power generation.

The price seems so far immune to the slumping UK stockmarket because the value of this company is driven by oil/energy prices...which keep going up as those of you who pay the bills may recognise.

[gac100] 29/5/2008 22:12

... cards on the table time imminent

[robson1974] 29/5/2008 20:51

ticking up and Trafalgar continuing to add...

[robson1974] 25/5/2008 14:25

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.

[robson1974] 18/5/2008 11:55

KBC reckon fair value is closer to 149p. And the AGM statement certainly seemed to suggest they are happy to stay independent and grow this substantially.

[the gulpster] 18/5/2008 10:56

a triple nelson?

[gac100] 07/5/2008 19:26

... AGM next week (14 May) according to the website. Could be interesting.

[gac100] 07/5/2008 19:17

90p a share's beginning to look a bit silly with A'Chruach all but doubling the consented wind capacity. Nice work by NVE to get it through planning so quickly. I agree it'd be a shame to see NVE fall to Infinis or 3i at the 90p level. A third suitor really would put the cat amongst the pigeons.

[robson1974] 07/5/2008 15:50

Scottish Power have paid as much as £1m per MW for simply consented land let alone any actual wind turbines in operation. So in effect this should have added about £40-46m to the value of Novera.




Versus a current market cap of £115m

These guys are creating some serious value it would be a shame if Infinis or 3i took them over at such a low valuation.

[gac100] 07/5/2008 15:40

"The Board of Novera is pleased to announce that Argyll and Bute Council has today unanimously approved the Company's 20-turbine A'Chruach Wind Farm in Argyll, Scotland, approximately 5km west of Minard. Depending on turbine selection, A'Chruach's capacity range will be 40-46MW and it will be the Company's largest wind farm to date and its first consented wind site in Scotland ... Novera's consented wind portfolio has now reached 85-91MW ..."

"In relation to Novera's current potential offer situation, the Board of Novera, which is being advised by Oriel Securities Limited, continues to recommend shareholders to take no action at this time."

[gac100] 16/4/2008 19:20

Annual report now avaialble on the website



That fella on the front page is probably squinting to see just how high the share price can go ;-)

[gac100] 12/4/2008 11:57

... patience ... patience ...

[robson1974] 12/4/2008 11:11

Slowly ticking up and not an offer in sight yet. 3i come in at 110p? and Infinis with a knockout at 120p ?

[robson1974] 06/4/2008 20:28

KBC Peel Hunt reckon Novera is worth 149p. A contested bid could see it get there.