Reenergy Share Discussion Threads

[asparks] 30/7/2007 15:37

ripe for a tick up methinks

[asparks] 24/7/2007 17:29

I agree with you Pauly - plenty of upside potential here

[paulyboy] 19/7/2007 14:31

stem
even if what you say were true what you dont seem to realise is that ReEnergy is more than Estech. It has other interests too!

[stemis] 19/7/2007 13:44

Actually I've never shorted a stock in my life.

I have an interest in the sector and therefore done some research on ReEnergy, including obtaining a copy of the Estech Europe accounts (something you clearly haven't).

Good luck with your investment. I think you'll need it.

[paulyboy] 19/7/2007 13:19

Stem - thats rubbish and you know it. How is your short?

[stemis] 19/7/2007 12:40

Estech Europe is an essentially bankrupt company kept alive by shareholder loans from ReEnergy. That ReEnergy have acquired an additional 49% by issuing shares in itself to the vendors (exchanging one bit of worthless paper for another) strikes me as no news at all.

The question is how long can ReEnergy last until it runs out of money.

[paulyboy] 19/7/2007 12:12

stem

"In its preliminary announcement the Company disclosed that it was making an
offer to acquire the 49 per cent. of Estech Europe Limited ("Estech"), the
market leading autoclave business, not held by ReEnergy. The Board is pleased to
announce that this offer has been accepted by 95% of the Estech minority
shareholders and it is expected that the offer will become or be declared
unconditional in all respects during the course of tomorrow

[stemis] 19/7/2007 11:45

What's good about it?

[paulyboy] 19/7/2007 11:26

Good News from AGM today

Reenergy AGM Statement


RNS Number:5227A
ReEnergy Group PLC
19 July 2007



REENERGY PLC AGM STATEMENT


Speaking to ReEnergy shareholders at today's Annual General Meeting, Chairman
Roger Hewitt said: "Since the announcement of ReEnergy's preliminary results on
18 June 2007 the Company has continued to pursue the development of a number of
projects, including the Hereford and Worcester project in partnership with AMEC
Project Investments Ltd ("APIL"). On 12 July 2007 Land Securities Group Plc
announced that its property partnership business, Land Securities Trillium, had
exchanged contracts with AMEC plc for the purchase of APIL. ReEnergy looks
forward to working with APIL and its new owners to develop projects for their
mutual benefit.

"In its preliminary announcement the Company disclosed that it was making an
offer to acquire the 49 per cent. of Estech Europe Limited ("Estech"), the
market leading autoclave business, not held by ReEnergy. The Board is pleased to
announce that this offer has been accepted by 95% of the Estech minority
shareholders and it is expected that the offer will become or be declared
unconditional in all respects during the course of tomorrow, Friday 20 July
2007.

"It is absolutely clear that there is widespread hostility to fortnightly
collection of household waste and the imposition of separation duties on
householders. In our view, both are wholly unnecessary. The Estech Fibrecycle
process provides the ideal solution because it accepts unsorted household waste
and enables recycling without losing the simplicity of the single black bag
collection."

If shareholder approval is obtained, ReEnergy will issue 19,426,427 ordinary
shares of 5p each (the "Consideration Shares") to the Estech minority
shareholders. The Company will apply for the Consideration Shares to be admitted
to trading on AIM on Thursday 26 July 2007. Following the issue of the
Consideration Shares the total number of voting rights in the Company will be
100,979,887.




For further information, please contact:

ReEnergy Group plc [phone]
Roger Hewitt

Strand Partners Limited [phone]
Simon Raggett

Cardew Group [phone]
Anthony Cardew

[paulyboy] 18/7/2007 08:29

AGM tomorrow

[asparks] 18/6/2007 21:16

yes dave at last!

i emailed RGY this morning to ask what funds they had in the bank. Its around 4.5Mill - so they will need contracts soon.

The AGM will be 19th July. At this meeting shareholders will need to approve buying Estech.

[dave108] 18/6/2007 21:05

Looking positive at last

[asparks] 18/6/2007 11:44

Shanks man backs ReEnergy



Roger Hewitt, who built up Shanks from a £6 million waste services company into a FTSE 250 giant, plans to repeat the feat through his new endeavour ReEnergy. The company is in the process of raising £16 million ahead of an AIM flotation on 21 December.

Hewitt has assembled a range of novel waste-related technologies. Some of the new funds will enable the group to take majority stakes in some of these. For instance he envisages obtaining a 51 per cent share of Estech Europe. This group is behind a technology that creates an organic fibre from municipal waste that can be burnt in power stations.


Similarly ReEnergy has obtained a license from Pirelli to commercialise the Italian group's waste recycling techniques in the UK. Again, this converts waste into bricks with calorific content akin to coal. These can then be used in power stations. Tests are due to be carried out at Drax Power Station in Yorkshire next year.

ReEnergy is also focused on water treatment and has invested in Oases, a desalination system for use in relatively small-scale situations, such as hotels, leisure and small residential developments.

Joining Hewitt on the board are Brian Harcourt, who brought Ocean Power Technologies to AIM in October 2003, and non-executive director Howard Flight, a Conservative MP until earlier this year. Flight built up Guiness Flight before selling it to Investec Asset Management, where he remains a director.

Hewitt says the company is currently in negotiations with local authorities about contracts and envisages first revenues emerging in 2006. Cenkos is broker to ReEnergy and Strand Partners is nomad.

...

[asparks] 18/6/2007 09:04

RNS Number:4983Y
ReEnergy Group PLC
18 June 2007


FOR IMMEDIATE RELEASE 18 June 2007

ReEnergy Group plc

PRELIMINARY RESULTS

For the Year ended 31 December 2006


ReEnergy, the waste management, sustainable energy and water treatment company,
today announces preliminary results for the 12 months ended 31 December 2006.


Financial summary

For the year ended 31 December 2006 2005
Revenue Nil Nil
Administrative expenses - which include: (11,354) (2,795)

Impairment of goodwill (2,466) -
Impairment of licenses (177) -
Impairment of tangible assets (125) -
Impairment of investments (3) -
Acquisitions in the year - (327)

Operating loss (11,354) (2,795)
Loss per ordinary share - pence (16.4) (17.9)

Operational Highlights


* Formal agreement with AMEC to collaborate on waste management
opportunities


* In conjunction with AMEC we have submitted a revised proposal to
Hereford and Worcester Councils to establish a new dialogue


* Agreement, subject to shareholder approval, to acquire the minority 49%
shareholding in Estech Europe Ltd. ("Estech Europe"), the FibrecycleTM
autoclave company.


* Developing a number of opportunities for merchant autoclave plants


* ReEnergy Desalination Inc. ("RDI") signed agreements with two major
contracting/technology partners to collaborate on seawater desalination
projects


* RDI achieved preferred bidder status on a project in Mexico and secured
a small contract to operate a desalination plant in California


* Andy Biffen has joined the Board as Chief Operating Officer of the
Group's waste management business


* Dr. Grant Jones has joined the Board as Chief Operating Officer of
ReEnergy USA Inc. and as Chief Executive Officer of the Group's water
desalination business

Roger Hewitt, ReEnergy's Executive Chairman said: "We have completed a strategic
review of the business and the changes that we have implemented have reduced
expenditure and accelerated project development. With our focus firmly on the
autoclave technology within Estech Europe Ltd. we have taken the opportunity to
acquire, subject to shareholder approval, the remaining 49% of the shareholding
so that we have full control of the company. As part of our collaboration with
AMEC we have submitted a new proposal to Hereford and Worcester that we believe
will meet their previous concerns and we intend to pursue further projects in
collaboration with AMEC. We also intend to establish merchant plants to take
advantage of this developing market and are now making considerable progress in
taking our business forward."

[asparks] 18/6/2007 09:02

I think the tie up with AMEC is potentially very +ve.

news of contracts with the councils could push this up significantly

[asparks] 18/6/2007 07:42

results out at last

any views?

[asparks] 14/6/2007 12:27

but where oh where are the results - promised by 11thMay

[asparks] 31/5/2007 07:35

well the results never came. I sold the rest of my holding for a 75% loss.

RGY = My worst ever investment

[confucius1] 18/5/2007 10:32

RNS Number:0216V ReEnergy Group PLC 17 April 2007


ReENERGY GROUP PLC
("ReEnergy" or "the Group")

ReEnergy, the waste management, sustainable energy and water treatment company, today announces that the Group's preliminary results for the 12 months ended 31 December 2006 will not be announced on 18 April 2007. The Group expects to announce preliminary results before 11 May 2007.

As announced in the Group's trading statement on 14 March 2007, ReEnergy did not generate revenues in the year to 31 December 2006. The operating loss for the period will be in line with the Board's expectations.