React Energy Share Discussion Threads

[ryan83] 11/2/2014 18:56

Colp I finally got a reply - albeit they must have spent 2 seconds looking at my questions answering the questions in the mould of

We cannot comment
Look at RNS
It's confidential

I did not ask any price sensitive information.

[colp54] 10/2/2014 09:27

Hopefully we'll get to hear something about our own environmental infrastructure projects and assets in the not too distant future...

[stockonomist] 10/2/2014 09:06

JOHN LAING TO SELL SEVEN ENVIRONMENTAL INFRASTRUCTURE ASSETS TO THE NEWLY LAUNCHED JOHN LAING ENVIRONMENTAL ASSETS GROUP

John Laing, the leading international infrastructure investor and asset manager, is pleased to announce its intention to sell seven operational and yielding environmental infrastructure assets to the newly launched fund, John Laing Environmental Assets Group Limited (JLEN). The divestment will be concluded upon the successful completion of JLEN's initial public offering, announced separately today.

The launch of JLEN and the divestment by John Laing are in line with the Company's strategy to grow its assets under management.

Within the environmental infrastructure sector, John Laing is currently focused on building its onshore wind, solar photovoltaic (PV), waste management and biomass portfolio of projects in the UK and Northern Europe. It owns 16 environmental infrastructure assets in operation and development, 14 of which are in the UK and two in Northern Europe. During 2013, John Laing closed seven onshore wind and solar PV deals representing an investment commitment in excess of £80m.

Three of John Laing's 16 environmental infrastructure assets that will be sold to JLEN are onshore wind projects with a total generating capacity of 44 MW, while two are solar PV plants with a combined capacity of 25 MW (one of which is intended to be acquired from John Laing subject to sufficient proceeds being raised by JLEN). The two waste management assets comprise mature operating PFI contracts that are processing and recycling municipal waste at Dumfries and Galloway in Scotland and in East London for four London boroughs (Redbridge, Barking and Dagenham, Havering and Newham).

It is intended that John Laing Investments Ltd will subscribe for up to 24.9 per cent. of the JLEN IPO and will be a cornerstone investor following the fund's Admission to trading on the London Stock Exchange (subject to a priority scale back to not fewer than 10 per cent. of the Ordinary Shares to be issued pursuant to the Issue if the Issue is oversubscribed). John Laing Investments' subscription may be increased in certain circumstances, subject always to a maximum subscription of 29.9 per cent. of the Ordinary Shares to be issued pursuant to the Issue. On Admission, JLEN will have a right of first offer over certain environmental infrastructure assets held by John Laing.

The divestment follows the successful launch of the John Laing Infrastructure Fund (JLIF) in November 2010. As at 31 December 2013, JLIF had generated a total shareholder return of 33 per cent. since launch, demonstrating that John Laing has the skill and core competencies to promote, develop and grow new funds.

Commenting on the divestment, Adrian Ewer, Chief Executive of John Laing, said: "John Laing has responded to the Government's increase in focus on economic infrastructure by developing its portfolio of assets in the environmental infrastructure sector.

"We have developed these assets so that they are at the stage at which they are now attractive to investors seeking robust and sustainable yields. We have successfully executed this strategy previously with JLIF and, with significant prospects ahead to acquire further environmental infrastructure assets in the UK and internationally, we look forward to providing JLEN with further opportunities from our environmental infrastructure portfolio."

[troutisout] 06/2/2014 16:06

No, I don't think so......although I wouldn't mind. I am still adding at the moment and so want to get best prices, but also realise how illiquid this can get when the price moves, so need to take some every now and then, hence yesterday's buys.

I reckon it can't be long until Enfield financial close, the fact that the financier bought the freehold of the site, so they have an equity stake, suggests that financial close will come.

[ryan83] 06/2/2014 14:43

well, are we gonna test 20 again!!

[colp54] 05/2/2014 15:30

A few more for me as well...

[troutisout] 05/2/2014 15:12

Well I have just reacted to REAC and bought a couple more tranches, they are still offering 15k at 28p which suggests they may have a sell order.
However I have been trying to build a holding under 30p and the last quote I got for 15k was 32p, so happy to have got just short of 20k at 28p or under.

Trout.

[ryan83] 04/2/2014 21:23

I had a response back within a few hours - they say they will let me know by the end of the week as they have been extremely busy.

[colp54] 04/2/2014 16:32

Oh well, at least they're consistent...

[ryan83] 04/2/2014 15:52

colp, the last email I had back was someone from AB Church saying

"We will get you the answers you require, in the meantime please find attached some recent communications from the company outlining developments"

That was 27th Jan, so a week ago........

[colp54] 04/2/2014 15:32

ryan, did you get any sensible responses from the company?

[stockonomist] 31/1/2014 09:23

from ITM thread


willoicc
31 Jan'14 - 09:00 - 8290 of 8290 0 0

The government allowed the British nuclear power industry be taken into foreign
ownership hence the reason we are now having to pay a fortune to foreigners
to build replacement power stations.

The government is forcing coal fired power stations to closed down, putting the whole country at risk of huge power shortages.

The government is allowing coal fired power stations to be converted to burning wood chip which will be imported at huge cost from America. You would never think the UK already has a huge foreign payments deficit.

Anyone who thinks the government has a clue is as deluded as they are.

[ryan83] 28/1/2014 22:34

shhh nice and quiet :-)

[colp54] 28/1/2014 08:51

Looks like it's a bit easier to buy this morning...

[buyn0w] 27/1/2014 15:59

Very hard to buy atm!

Next update can't be long.

[buyn0w] 27/1/2014 15:38

Cannot buy!

Anyone getting quotes?

[ryan83] 27/1/2014 13:11

Trout - its a fine game regarding timelines, but investors like to know a rough timeframe (like myself!). There are always outside influences or parts of decision making etc which delays projects. They have struggled with keeping timeframes thus far (hence the name change??).

Regarding liquidity, wasnt the share consolidation supposed to help with that pmsl. I would think a fund raise is nailed on (again hence the share consolidation) but I, like you, would like to think it will be undertaken at higher than todays levels. I have asked for clarity on the ord value of the shares but have not received anything back - something I will ask AB thinking about it (unless someone already has??).

All good things come to those who wait...right????

[troutisout] 27/1/2014 12:56

ryan83,
They have given timelines and timescales and some of these have been missed, once this starts for a company it can be very negative, when in reality, when dealing with planning, construction, contracts with other entities and finance deals you probably have more potential for delays than anything (other than medical contracts or with government departments).

So it may be having announced dates they are now being a little more careful, which I think is sensible. I tend to build in a delay into anything one of my shares is doing.

The lack of information at the moment could well be down to financing, as well as Ulster, FBD and Foresight, I think the Company themselves will need to raise some more equity to continue at pace in developing their assets and more acquisitions have been mentioned. If there is any possibility I would hope they do it on a far better footing that at present. Enfield news is what I am waiting for, I can't get the stock I want from the market and probably couldn't get in on any fundraising, I wonder if there is any way the company could allow current holders to invest more, rather than have to scrabble about with MMs for a couple of thousand shares at a time.

Trout.

[ryan83] 27/1/2014 12:45

Allrise I don't believe the questions I asked are market sensitive but I suppose its upto the company. I agree that the information should be available to investors - informed decision and all that. Maybe they are keeping the information released to a minimum until the projects are all singing and dancing lol. Companies are usually open with timescales - but then again most AIM companies are heavily reliant on bucket shop placings. REAC have FBD and Ulster bank providing funds. I expect Foresight are going to shortly as well for the Enfield project. The company seem happy to just let the shareprice drift away for the time being.

[allrise] 27/1/2014 12:36

All good points Ryan. These are details that should be made available. But in your experience with other entities, is there a tendancy to supply this kind of info to individuals making such enquiries?

[ryan83] 27/1/2014 12:29

colp I asked them to confirm current Newry operating capacity and output, if there is a heat offtake (if not is there a possibility of one), price per kw received, how phase two and phase three are progressing and likely timescales.

Also asked a few things such as their thoughts on current market valuation/sentiment, PR, broker notes, a bit of clarity on pluckanes, expected timescales for Enfield.

Basically they need to be bit more approachable. Also RNS's need to be written more concise and include some sort of time scales involved here. Like todays RNS - all a bit waffly with no mention of when to expect anything. I appreciate they dont want to be tied down and judged by missing deadlines, but they are doing exactly that without putting any time frames on anything. BWTFDIK.

[colp54] 27/1/2014 12:13

That's good - I won't buy any more just yet then!

[ryan83] 27/1/2014 12:08

yes colp - apparently AB are sorting me out some answers as we speak.....