Im In! Good company this!
Citywire article on AIM shares for ISA [link] have decided to buy Greenko Group (GKO) a growing renewable energy company in India which is building a derisked portfolio of biomass, natural gas, hydropower and wind. The share price has been held back by an overhang of stock from a legacy fund. The company has a good record of execution and should share in the very powerful Indian growth story: the country's last budget saw a quadrupling of spending in renewable energy. The robust tariff gives doubled earnings in the year to March and doubling again to 2016. Fund group Impax owns 4% of the company and has a target price of 170p (the shares were trading at 105p yesterday). However, there will be no dividend as profits are used to grow the business and pay down the substantial debt."
SP nearing 5 year low Hard to see the downside here (although there always is). In spite of all the progress made the SP is almost right at the bottom of its 5 year trading range, so 112p looks a good entry point to me and I've dipped a toe in here.
110P ..wtf? ...Some negative Euro QE knock on to do with the Euro denominated bonds???