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Share Name Share Symbol Market Type Share ISIN Share Description
Rame Energy LSE:RAME London Ordinary Share JE00BBD8GG53 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 7.125 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 1.39 -3.19 -3.53 7
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 7.125 GBX

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Date Time Title Posts
12/8/201616:27Rame Energy Plc117
17/10/201410:54Cheap Green Power For Miners - Right place right time-
05/9/201412:32Catch the wind16

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Rame Energy (RAME) Top Chat Posts

DateSubject
28/4/2016
08:01
t-raider: People still able to buy in the market, below the proposed placing price... A bargain for some."T"
24/3/2016
15:02
t-raider: There are differing opinions of Rame, but good luck. "T"
18/3/2016
08:37
t-raider: More news from Rame... market will catch on sooner or later. "T"
14/3/2016
14:41
proactivest: Video interview with Tim Adams http://tinyurl.com/hg3nofb Tim Adams, chief executive of wind power specialist Rame Energy PLC (LON:RAME), speaks to Proactive after the firm sold two more development projects - the 9Mw Punta Chome and 6Mw Raki Sur - in Chile to utility group InterEnergy. Adams says “Inter have made a very clear statement about their intentions in Chile and we are delighted to be a part of that.”
09/10/2015
14:09
petersmith3: PPG – Plutus Powergen the easy next 10 bagger!!!!! The chairman of PPG said that each 20MW site would generate about £1.6m - £1.7m in revenue. EBITDA given as £1.25m - £1.5m. 10 sites on that basis = £16-£17m revenue with EBITDA of £12.5 - £15m. Therefore possibly £3m-£4m conservatively annual profits depending on the ultimate revenue split ?. On a p/e of 15 that's £45-£60m m/cap or 8p - 10.5p/share. Given that's it's growing, his further comments were - 'really smash the 3 year target for 10 sites' and they have already 1 year behind them. If those targets are smashed and as they do have 500MW of sites in the pipeline - on the same p/e the share price could see 20 - 27p. We do know that they plan to own some sites outright at 100% which again would improve the margins significantly. Ultimately also what do they do with that profit and they could expand into other avenues - was there not talk of this in some other countries ? Called it a compelling investment, fully funded and no further dilution to the shareholder base. 571.43m shares in issue and 49.5% held by management/Paternoster (Charles Tatnall himself having 9.71%). Chelverton Growth Trust PLC was accumulating and just 7 weeks ago had increased to 33.33m shares or 5.83%. Free float will reduce all the time and one thing to remember with no more placings it could become difficult to trade in/out and regain your holding.
31/7/2015
07:03
t-raider: Pires interim comments on Rame:The share price performance of Rame has been disappointing. However, Rame has successfully met its initial objectives, having completed the Raki wind project and is making progress on its project pipeline. It also has a number of other developments in progress, both in the wind and solar spheres. We continue to believe that it will make good progress over the coming year and that this will in due course be reflected in its share price.Think we'll all agree with their first comment and lets hope they're right with the last !"T"
24/3/2015
19:42
someuwin: Rame Energy set to capitalise as Chile's wind industry grows By Giles Gwinnett March 24 2015, 2:17pm Shares in South American power supplier Rame Energy (LON:RAME) shot up over 10% as it expanded the capacity of its wind project agreement in Chile with Santander. The amount of capacity to be built under the US$69mln framework has been increased by a net 15 megawatts (Mw) to 133Mw to incorporate a new 24 Mw wind project, the firm revealed. The new project lies close to one of the existing planned developments and where it makes economic sense for two plants and the combined project will now have capacity of 54Mw and is scheduled to start construction in the final quarter of this year. It comes at a time of big growth in the Chilean wind industry. In the first nine months of last year, the South American country installed 382Mw of wind capacity, more than doubling capacity, as it looks to rely less on fossil fuels. As house broker Northland pointed out in a note to clients on Tuesday: "Rame remains ideally placed to capitalise on this opportunity." Rame’s framework agreement with Santander is now for five wind powered plants to be installed in Chile by 2016. One project - the 15Mw Raki/Huajache wind farm - has already been commissioned with first power expected in the coming weeks. Santander will acquire each project on an agreed price per Mw, provide between 80 and 90% of the required equity capital and structure any debt packages. Rame is responsible for the balance of the equity. The original framework was for six plants, but Rame said that due to the changes, the 9MW Punta Chome project has been taken out of the Santander agreement and sold to another developer - EREN Développement (EREN). Rame has a project management contract with EREN worth $2mln between now and project completion, estimated to be in the second quarter of 2016, and it also has an option to take 20% of the project's equity. Tim Adams, chief executive, said the new agreement was a testament to its relationship with Santander, while he was delighted to have agreed terms with EREN for Punta Chome that reflected Rame’s project management skills. Analyst David Johnson of Northland said: "Rame has built up a considerable portfolio of potential projects at varying stages of development having operated in Chile as an EPC for a number of years. This portfolio provides a degree of flexibility as Rame builds up its IPP generating activities." http://www.proactiveinvestors.co.uk/companies/news/78611/rame-energy-set-to-capitalise-as-chiles-wind-industry-grows-78611.html
27/10/2014
08:03
liquid millionaire: RAME & PIRI [shareholder in RAME] Rame Energy / Index: Aim / Epic: Rame / ISIN: JE00BBD8GG53 / Sector: Energy Rame Energy Plc ("Rame" or the '"Company") Operational Update: Construction of Raki / Huajache Wind Farm Project Continues to Make Good Progress Rame Energy Plc, the international power generator and engineering company, is pleased to announce an update on the construction of its fully funded 15MW Raki / Huajache Project ("the Project"), the Company's first equity participation in wind assets in Chile. This update is in line with Rame's strategy to become a niche independent power producer ('IPP'). Raki and Huajache are the first two of six wind farms with a combined capacity of 133MW currently under development by the Company's On-Grid Power Generation division. A number of significant milestones have been achieved at the Project: · Access roads, laydown areas and crane positions have been prepared · Gravel piling beneath turbine foundations has been completed · The first turbine foundation comprising of over 1,300 tonnes of concrete and 50 tonnes of steel reinforcement has been completed with the second foundation ready to be cast and work progressing well on the remaining three · The trenches for inter array electrical cabling between the wind turbine generators have been completed · The cabling between the onsite substation and the overhead export line has been completed · Substation ground works have been completed and above ground works are underway · All turbine components including blades, hubs, nacelles and tower sections have been delivered to Puerto Coronel and Puerto Liquen for final transportation to and assembly at the site The completion stages of the Project; the erection and commissioning of the turbines, are due to start at the beginning of December 2014. Following commissioning of the Project, the power will be sold to EKA Chile S.A, a joint venture between AkZoNobel and Celulosa Arauco y Constitucion S.A for a period of 10 years. The Project's equity was funded under a joint venture with Santander, in which Rame has a 20% equity participation, and the debt has been provided by Chilean bank Banco BICE. CEO Tim Adams said "Completing power projects on time and budget involves effective, proactive management and strong alignment between the project stakeholders and the contractors and suppliers performing the works. Rame is playing a critical role in this process and the successful achievement of the key stages of the Project outlined above is testament to the effectiveness of our project team and the strong working relationships we enjoy with our partners. With turbine erection now clearly in sight, we look forward to reporting on the completion phases of these first projects."
02/10/2014
06:45
liquid millionaire: Rame Energy / Index: AIM / Epic: RAME / ISIN: JE00BBD8GG53 / Sector: Energy 2 October 2014 Rame Energy plc ("Rame" or the "Company") "Residential Generation" Legislation Opens Up Domestic Chilean Solar Market Rame Energy Plc, the international power generator and engineering company, is pleased to announce an update with regards to its solar activities in Chile, following the passing of legislation by the Chilean Government which will open up the country's domestic market for renewables and in particular, solar power. The legislation comes into effect this week. This update is in line with the Company's strategy to grow all three of its business divisions: On-Grid Power Generation, Off-Grid Power Generation and Engineering Services. Highlights · Rame is ideally positioned to capitalise on the emerging domestic solar market considering its in-country experience and following the recent acquisition of solar installation company Beco · "Residential Generators" in Chile are now able to connect renewable energy systems, such as solar, to the distribution system and receive payments for the surplus electricity they generate o House-owners are highly incentivised to install renewable power solutions, fuelling growth in the domestic market · Rame has entered into an MOU with Santiago School 'Colegio Suizo de Santiago' ("CSS") to install their first 'residential' rooftop photo voltaic ("PV") system · Rame will install, own and operate a 25kW solar power plant for CSS, scheduled for commissioning in early 2015, and scope exists to extend the solar plant to a capacity of 300kW Lilian Nunez, CEO of Rame's South American Operations said "This legislation is the result of a participative process between various stakeholders, from government to distribution companies and independent power producers like Rame Energy. It provides a practical and workable framework that will ensure the domestic solar market will see huge growth. Through Beco Solar we have the immediate expertise and critical mass to allow us to be at the forefront of this new market and we are already designing our first rooftop systems that are covered by this new legislation." Rame CEO Tim Adams said "We are delighted to be at the vanguard of residential generation in Chile. We recognise the increasing importance of solar power across all our markets and have the expertise to deliver scalable solar engineering and construction solutions. The MOU with CSS marks our entry to this new generation market almost simultaneously with the announcement of the enabling legislation, demonstrating the strong positioning of Rame to react quickly to new energy opportunities in the country. As an additional benefit, we will have effected the transfer of Beco Solar's installation capabilities into Chile with the prospect of a very substantial new installation business to target. Our dynamic response to new markets for both our engineering and generation activities continues to support our growth strategy as Rame remains focused on near term revenue and earnings." Residential Generation Legislation The Chilean government has sent another strong signal that it is committed to tackling its energy issues and sees renewable energy as a major contributor to its energy mix. Renewables are already a major component in Chile's utility scale market and, last week, the market was further extended by the publication of new legislation regarding Residential Generators. The new net metering laws will open up the domestic market for renewable, and in particular, solar power. Residential Generators will be now able to connect renewable energy systems, such as solar and wind as well as co-generation plants, to the distribution system. The legislation, which comes into effect this week, recognises the value of local power production and grants all small scale users (under 100kW) the right to grid connection. This provides a strong financial imperative; not only will house-owners benefit from the reduction in power drawn from the grid; they will also receive payment for the surplus electricity they generate. Owners will 'sell' surplus electricity back to the grid (at regulated tariffs) in return for a proportionate reduction in their electricity bills, or, if the surplus value exceeds the bill, a VAT free payment which, critically, can accrue over time. This provides a big incentive for families and businesses to install PV systems and the Directors believe it will lead to an expansion in the country's rooftop solar market. Additionally, under the new arrangements, smaller installations are not subject to the standard environmental protection procedures and the distribution companies will set the permitted installed capacity and be responsible for surplus injection readings. This makes the adoption of small scale PV systems relatively straightforward and therefore even more attractive to consumers. MOU to provide power to Santiago School The value of bolstering Rame's solar capabilities has been swiftly recognised as the Company has entered into a MOU with Santiago School 'Colegio Suizo de Santiago' ("CSS") to install their first 'residential' rooftop PV system. Under the terms of the MOU, Rame will install, own and operate a 25kW solar power plant. The electricity produced will be sold to CSS under a 15 year power purchase agreement ("PPA") with any excess to be 'sold' back to the grid by the school. The plant is scheduled for commissioning in early 2015. Not only will the project establish Rame's market presence and act as a demonstrator to the local community, there is scope to extend the solar plant to a capacity of 300kW. The ultimate ambition is to power CSS with 100% renewable energy and Rame will work in partnership with the school to provide a platform for teachers and students to engage in applied research and teaching processes.
16/8/2014
12:54
liquid millionaire: RAME [also good for PIRI as a large RAME shareholder] Rame Energy looking to power up with Chilean growth By Craig Ribton August 11 2014, 2:41pm Opportunity knocks: Chile offers a significant opportunity for Rame. Opportunity knocks: Chile offers a significant opportunity for Rame. Rame Energy (LON:RAME) has come to the market with what, on the face of it, looks like quite an interesting investment proposition – bringing renewable energy to the industrial sector in Chile. When you drill down and assess the company's expertise in this sector and couple this with its unique funding deal, you realise the group has a very well thought out strategy. The essence of the opportunity is found in Rame's engineering heritage, in particular its decade-long track record in managing specialised wind power projects. The breakthrough came when the group was asked to build, from scratch, a solution to Barrick Gold's energy needs, in the Andes. "It is the highest operating wind turbine in the world," said chief executive Tim Adams of the giant wind turbine Rame built. "We thought it [the project] was going to be all about logistics, but in fact it was also about developing core technology that worked at altitude." "So we gained a lot of experience of what's in the box. It took us into Latin America and exposed us to the mining industry and was our first demonstrable turnkey power project at scale." Rame immediately became recognised as a leader in this particular niche sector - and it was obvious there was an opportunity to build, own and earn yield from these projects. At the same time, project funding for wind energy, which had been problematic in the aftermath of the global financial crisis, became easier to source. This all led to a decent starting point for Rame. The company is being bankrolled by a local subsidiary of Santander under a quite intricate funding formula that appears to be a win-win. Santander has committed US$69mln; however, this isn't subordinated debt. It will invest at an equity level, acquiring its stake of up to 90% of the project, on an agreed price per megawatt hour. Under this formula, the amount invested by Santander to acquire its stake will be more than it costs Rame to develop the asset – so there is a profit there for the company. It also makes a margin from the building phase itself. Rame's expertise in project management and construction should minimise the leakage of cash out to a subcontractor. "Less than a year down the line, Rame will have the opportunity to buy Santander out of its share of the project," Adams said. "This should see the bank receive a private equity level of return for a short hold period, while still generating a strong return for Rame for the life of the project." The deal could be funded through a traditional bank facility, although it is considering all of its funding options, including a bond. The last stage of the value creation process would be to sell 49% of the forward revenue stream to financial institutions such as cashed up Chilean pension funds, seeking to invest in long term and low risk cash flows. "They are hungry for low risk, stable income project investment and are increasingly recognising the potential of energy projects, in addition or as a substitute to traditional infrastructure projects such as toll roads or hospitals," the chief executive explained. "We would then be left with a majority holding of a project which, in addition to the immediate revenue from the sell down which can be re-invested in new projects or returned to shareholders, will provide the company with a long term, stable income stream." As he points out, 100 megawatt (MW) sold on this basis "would see substantial cash inflows". The group expects to build 300MW of capacity by 2017 and the Rame chief executive is confident the demand is there to achieve that target. The group cemented its relationship with Santander on the 15MW Raki-Huajache Project that should be completed by the end of the year. Rame has already completed the bulk of the development and thus Santander is benefiting from short lead times. Transforming itself into an independent power producer (IPP) is just one of three divisions which provide revenue streams to the business. The company also has a small-scale generation division, which is focused on the fuel replacement market. As highlighted by its partnership recently established with Mandalay Resources (TSE:MND), there are plenty of opportunities for this division, which adds renewable energy such as solar, wind or heat recovery systems to create hybrid power generating systems. Because of the stated short life of Mandalay's Cerro Bayo mine, in southern Chile, few traditional renewables companies and power producers would see an opportunity to make a fuel displacement power project work, CEO Adams said. Meanwhile, its size, small at 1.5MW, would also be off-putting to companies without the requisite expertise and background, he pointed out. However, Rame is making the leap, knowing where others can't, it can make a good return over the stated remaining life of the Cerro Bayo mine. If, as Rame anticipates, the life of the mine is extended, then Rame's investment would continue to see the benefit. "In fact these small fuel replacement jobs segue quite nicely with the larger projects, while the income stream will also be aided by the income generated by the base engineering business," Adams said. He also believes Rame could start paying out dividends from some of this growing earnings stream in the next two years. "We are currently saying the sweet spot for us is when we have circa 100MW. So there is no reason why we couldn't dividend in early 2016," the Rame boss explained. As outlined above, the company's expertise has been derived through its Engineering Services Division, which supplies bespoke power generation solutions to the industrial, mining and utility sectors. This third division operates in both the UK and Chile, and continues to generate a significant revenue stream. In fact, Rame recently acquired a long-established UK solar business to bolster its capabilities in this area, and this could also provide opportunities for the Large Scale Power Generation Division in the future. Rame also sees strong opportunities for growth in this area and this will be another focus for the management team in the coming months. It is this flexible and diversified ability to provide power solutions to a range of different projects, as well as build its own, which makes Rame such an interesting and solid proposition.
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