Renewable Eng. Share Discussion Threads

[ronan7] 24/10/2012 12:27

theres todays lil tick up

nms for this is 4000 shares
not many trades recently above this...mms not keen to sell above nms

[ronan7] 22/10/2012 21:51

looking at the draft bill tonite and info on deparments website

feels like the futures going to be a bit greener than ministers wud lead us to believe

new subsidiy system in next year or so and then in place for a few years plus after that

some historical subsidies will stay in place

contacts for diffence then a few years down the line gives
1. min price for energy generation
2. and gives developers firm targets and support

[ronan7] 22/10/2012 19:34

ho hog

another day another lil tick up--its becoming a habit here



the real deal here is can it hold these levels caome the gov`ts ideas on energy policy and the bump around divi time in 2 months or so

isee these levels here 45-55p cheap in 6 to 12 months time

as posted before keep meaning to sell and keep getting persuaded `by me`to stick a bit longer .....i see these being on my side for years to come

proper co- good med/long term plans - low liquidity of stock - pays a small but welcome divi =3%

[hedgehog 100] 20/10/2012 16:34

Yesterday the Investors Chronicle had a piece on Renewable Energy Generation in its Company Results section, entitled "Renewable charging up" in which it rated PVCS a "Long-term buy".

From IC's conclusion -
"The shares are down on our buy tip (55p, 11 March 2011), but renewable energy demand should grow and the group can expect decent revenue growth as more capacity comes on line."

Other snippets include:
"... despite uncertainty over government spending on renewable energy, the forced retirement of a fifth of UK power stations by 2015 should boost demand for renewable energy - leaving the shares looking attractive."
"Cenkos expects a pre-tax loss of £1.1m for 2013, giving a loss per share of 1.1p (1.3p loss per share in 2012)."
"Last IC view: Buy, 50p, 23 March 2012"

This is the first "long-term buy" rating given by the IC in the second half of this year (I haven't checked further back), and I think it reflects the good long-term prospects but shorter term outlook of uncertainty and sluggishness.

[ronan7] 19/10/2012 15:31

IF last years a guide (see below)got to middle of december to get 1.5p divi
therefore any buys are discounted by divi payable
........................................................................

19 October 2011

Renewable Energy Generation Limited

("REG", "the Company" or "the Group")

Dividend timetable

Renewable Energy Generation Limited (AIM:WIND), the renewable energy group, announced in the Company's preliminary results for the year ended 30 June 2011, released on 17 October 2011, a recommended final cash dividend of 1.5 pence per ordinary share. The dividend is subject to shareholder approval at the Annual General Meeting, details of which will be sent to shareholders in due course.


Details of the proposed dividend timetable are set out below:


Ex-dividend Date
14 December 2011

Record Date
16 December 2011

Payment Date
13 January 2012

[ronan7] 19/10/2012 15:15

nice over price trade just gone throug

a bit more volume wud be nice now

[ronan7] 18/10/2012 12:11

can not see new posts er???????

[ronan7] 18/10/2012 11:37

thx for the clarity of info hog

the daily torygraph.....jez

[ronan7] 17/10/2012 18:01

i was in reh at 15p and sold all the way down to 8p

cost me a bit plus........we dont always get it right

if it goes to 2.5p i may even go back in for the break up value

[ronan7] 17/10/2012 17:59

yep hog this seems to be a proper co.
btw......80% of the shares are with institutions etc...so not much left for the rest of us....


if and when the `climate` changes this lot shud be well positioned

gov`t still has not published its energy plan forward.....even luke warm for wind may be better than many expect

[hedgehog 100] 17/10/2012 17:55

Ronan,

A rise at and following a company's results is certainly better than a fall.

17th. October:
Price Price Change [%] Bid Offer Open High Low Volume
50.50 1.0 [2.02] 50.00 51.00 49.50 50.50 49.50 18,214

And Renewable Energy Generation is certainly doing a lot better than its near namesake Renewable Energy Holdings, which is down about 90% over the last three years to just 3.25p! REG's share price performance looks solid given that the renewable energy sector is currently out of favour with investors.

And the company's long-term progress looks reasonably sound given the difficult environment that the company speaks of:

WIND's Chief Executive's Statement:
"However, this growth has not been achieved easily. The truth is that developing, building and owning wind farms is an immensely complex business. The regulatory and political backdrop to the sector is not easy whilst developing large infrastructure projects in a responsible and safe manner is never less than challenging. Nonetheless I think we can look back on the last three years with some satisfaction."


From Wikipedia:
"Gaining planning permission for onshore wind farms continues to prove difficult, with many schemes stalled in the planning system, and a high rate of refusal.[81][82] The RenewableUK (formerly BWEA) figures show that there are approximately 7,000 MW worth of onshore schemes waiting for planning permission. On average a wind farm planning application takes 2 years to be considered by a local authority, with an approval rate of 40%. This compares extremely unfavourably with other types of major applications, such as housing, retail outlets and roads, 70% of which are decided within the 13–16-week statutory deadline; for wind farms the rate is just 6%."

[ronan7] 17/10/2012 15:00

nice lil line up over last week or so

and push on today as well


theres a reaction hog

[ronan7] 15/10/2012 19:40

i keep meaning to get out of here....when i look at exciting shares

but not yet got around to it

may still have these for 3 / 5/ 10 years

a month ago it was 46p so a bit of movement lately

sp has not moved much from 46p to 50p ish band over last year

though it pays a divi and seems secure for med /long term expansion and resonable loan facilities.......

so i sit and hold


my 30,000 shares have done me better than the bank.....and its nice not to have to worry about these much if at all


if you want more ups and downs get into a speccy oil

[hedgehog 100] 15/10/2012 17:27

This share obviously has a huge following: the full year results are announced, and not a single post so far!

And the market reaction has been similarly underwhelming:

Price Price Change [%] Bid Offer Open High Low Volume
49.50 0.75 [1.54] 49.00 50.00 48.75 49.50 48.75 63,033

Comparing today's financial highlights to the interim ones, and the full year outcome looks a little disappointing. The interim financial highlights suggested that the company might be moving into pre-tax profit for the full year, instead of which there is a reduced loss:

15/10/2012 @ 07:00
Preliminary Results for the year ended 30 June 2012
Financial Year Highlights
-- Revenue of GBP12.1 million (2011: GBP9.8 million)
-- Adjusted EBITDA(1) GBP2.7m (2011: GBP0.1m)
-- Loss after tax of GBP1.8 million (2011: loss of GBP3.0 million)
-- Second round of asset financing raises GBP25 million loan
-- Cash and cash equivalents of GBP9.6 million (2011: GBP14.9 million)
-- Proposal to pay final dividend of 1.5p per Ordinary Share (2011:
1.5p)


19 March 2012
Interim Results for the six months to 31 December 2011
Financial highlights
-- Group revenues of GBP6.3m (H1 2011: GBP4.3m)
-- Group EBITDA of GBP1.6m (H1 2011: loss of GBP0.9m)
-- Profit before tax breakeven (H1 2011: loss of GBP1.9m)
-- Unrestricted cash resources of GBP19m as at 31 December 2011
-- Proposed interim dividend of 0.5p per ordinary share


It may still be a good long-term hold though.

[ronan7] 11/10/2012 12:43

and we see some blue

tomorrow as well will look good for monday

[ronan7] 03/10/2012 18:58

news today

full year results on 15th october

3/4 of this is not in public hands

may see some movement ..on the way to results day

[waldron] 14/9/2012 17:53

Alstom To Supply Wind Turbines for EUR230 Million in Brazil
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Alstom (EU:ALO)
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Today : Friday 14 September 2012
Alstom SA (ALO.FR), a French maker of power turbines and trains, Friday said it signed a letter of intent with Brazil's Casa dos Ventos to provide wind turbines for new farms in the state of Rio Grande do Norte (northeastern Brazil), a contract that would bring 230 million euros ($304 million).
MAIN FACTS:
- Alstom will supply 68 wind ECO 122 wind turbines and operation and maintenance for wind farms located in Joao Camara. The projects in the scope of this agreement represent more than 180MW of output capacity. The contract is expected to be signed by the end of September.
- The wind turbines will be produced at Alstom Renewable Power's manufacturing unit at Camaçari, in Bahia state, opened in November 2011. The factory has a 300 MW output capacity per year, with one work shift. A second shift will start working during the first semester of 2013, bringing the capacity to 600 MW per year.
- In addition to the Casa dos Ventos agreement, Alstom has already secured three contracts in Brazil's wind power market. The first one, worth EUR100 million, was signed in July 2010 with the Brazilian company Desenvix, a subsidiary of the group Engevix, for the construction of a 90 MW complex in Bahia, including 10 years of operation and maintenance.
- In 2011, the company signed a contract worth approximately EUR200 million for the construction and maintenance of three wind farms for Brasventos S.A., which will be installed in the state of Rio Grande do Norte.
-Write to Inti Landauro at [e-mail]
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[waldron] 01/8/2012 10:38

Siemens Receives First Major Wind Power Order from Australia
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Siemens (NYSE:SI)
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Today : Wednesday 1 August 2012
FRANKFURT (Dow Jones)- German industrial conglomerate Siemens AG (SI) said Wednesday it has received an order for 90 wind turbines from New Zealand power provider TrustPower Ltd. (TPW.NZ) for a wind farm north of Adelaide, Australia.
MAIN FACTS:
-Financial details for the order were not disclosed.
-The order is for 90 three-megawatt gearless wind turbines for the Snowtown II project and includes service.
-The wind power plant is to come online in 2014 with a total capacity of 270 megawatt.
-The power plant will be able to produce energy for nearly 180,000 Australian households.

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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[williamgtheobald] 20/4/2012 16:41

From IC (WIND) mentioned

The government has given yet another indicator that its strategy for keeping the lights on in the UK over the coming decades will lean heavily on gas-fired power generation, which has positive implications for UK-focused gas producers such as IGas and Alkane .

A report from the Department for Energy and Climate Change (DECC) this week signalled support for hydraulic fracturing, or 'fracking', as a means of releasing potentially significant onshore shale gas reserves. The report was commissioned after drilling by privately owned Cuadrilla Resources in Lancashire caused two earth tremors last year. Fracking could open up potentially huge reserves which are unavailable via conventional extraction methods. Cuadrilla claims its fields in Lancashire could hold 200 trillion cubic feet of gas, but this has not been verified and the recoverable amount could be much lower.

This followed last month's announcement from DECC that the Emissions Performance Standard, which governs the emissions from power plants, will be enshrined in the forthcoming electricity market reforms at 450g of carbon dioxide per kilowatt hour until 2045. This rules out new coal plants without carbon capture and storage but allows gas plants to continue at current levels of emissions for another 30 years without the need for carbon capture and storage.

And the emphasis on gas-fired production, coupled with the government's longstanding commitment to nuclear power, has prompted some concern among supporters of the renewable energy industry as to the true level of support. Onshore wind in particular could be vulnerable. In February, more than 100 MPs signed a letter calling for an end to onshore wind development, and comments from Climate Change minister Greg Barker last weekend that Britain has 'the wind we need' onshore, suggested a further cooling towards the sector. There are 350 wind farms already in operation and 500 in planning or under construction. But the prospect of local planners becoming more emboldened against wind farms, and financiers becoming more wary, could reduce the number being built in the coming years.


SHARE TIP UPDATE

The preponderance of gas-fired power is likely to benefit UK onshore gas producers such as IGas Energy and Alkane Energy, which both have producing coal-bed methane sites as well as shale gas opportunities within their portfolios. We rate both companies as buys at 57.5p and 21.75p, respectively. But the growing uncertainty about onshore wind support leads us to downgrade Renewable Energy Generation to a hold at 48.5p.