farmerdave
20 Dec 2016
Re: Valn 2.5p payout ok as derisks company. They have left 2.6m in cash at the company as well as the eur 3m in escrow. Wonder if the 2.6m is to help do up the remaining solar assets for sale ?FD
farmerdave
28 Oct 2016
Re: Valn After half year report it looks like 3.6p to be paid in December and a remaining rump - presume delisting etc to reduce costs thereafter - min value 4.2 p at presentFD
farmerdave
05 Sep 2016
Valn I have at present£5m cash-0.8m tax to pay4.6m cash from sale of pv plant-1m provision for closure1.25m escrowed from sale at 50% discountTotal9.03m or 3.62p a shareStill have 2more PV farms and the polish windfarm which I have valued at 0Still happy holder - any thoughtsFD
forwardloop
04 Sep 2016
summary of latest [link] Emissions Plc (LON:TRE) is selling stakes in Italian solar power operations in a deal with JP Morgan backed solar developer Sonnedix.The deal delivers €8.5mln of net proceeds, which exceed the group’s market capitalisation (£6mln), and the cash - minus Trading Emissions’ operating costs requirements - will be returned to shareholdersIt is selling its entire interests in the Etuno Srl and Solar Energy Italia 6 subsidiaries, known as Librandello, which essentially comprise three ground-mounted solar photovoltaic plants with a combined capacity of 11.2 megawatts (MW).A portion of the sales proceeds, €3mln, will be deposited into escrow with €1mln scheduled for release after twelve months and the remainder on the second anniversary of the deal.Trading Emissions noted that its interests in the Italian assets were held as part of its private equity portfolio which, at the end of December 2015, was deemed to be worth £16.1mln (€21.8mln).It was reported yesterday that JP Morgan Asset Management had acquired nearly all of solar power developer Sonnedix.The acquisition followed a joint venture, established in 2014, between JP Morgan and Sonnedix, and comes as the cost of photovoltaics (the power generating units) continues to fall.Sonnedix has subsequently increased its operating capacity to 353MW, and it has a pipeline that represents a further 600MW of future capacity.
farmerdave
01 Jul 2016
CER liab gone Shame we did not get expenses - not sure if previous rulings of expenses holdAnother bit of uncertainty gone though2p cash2p from solar farms ?FD
farmerdave
14 Jun 2016
Re: Tick up hmm obviously not.....
farmerdave
13 Jun 2016
Tick up Due some news on TRE and tick up likely to be a precursor - still holding and looking for 3.5-4ppost sale of solar farms (hopefully)FD
farmerdave
19 Apr 2016
Post ex date valn Cash at company post dist. is 1.88pAt company valn just over 5p of value leftAt say 2.5p per share that leaves 0.62p of risk/value for the private equity assets that per the company are worth 3.12p........Will look into valuations further but still holding my position here on a risk reward basisFD
cavebear
08 Apr 2016
Distribution Does anyone know the nature of the distribution proposed for 29th April - dividend (income) or return of capital as they have done in the past?
cavebear
24 Mar 2016
Re: Results .........and a 5p distribution coming!
farmerdave
24 Mar 2016
Results Interesting result - they have reduced costs hugely now, renegotiated Poland sale and are hopefully finalising Italian issues.Given the cash in the Italian companies and the monies due from Poland sale are about 6p a share will be interesting to see valuation after final CER issues go away (hopefully).Anyway further good deriskingCheersFD
thirty fifty twenty
24 Mar 2016
great result FD - well analysed. well done fd - good recognition this morning.
thirty fifty twenty
15 Mar 2016
Re: Ooooh hotting up.. hi FDI've taken a look and was very tempted to pull the trigger today...it looks like a good discount to assetsCASH payments within 2/3 mthsNews imminent by end of Marchyou have a significant % invested in themyour track record is good with conservative situations.but in the end decided not to!I thought yes probably will make some money in a short time,but I also saw risk and I don't have a detailed understanding of the company,so decided to hold onto CASH in case further market turmoil in coming weeks.thanks for mentioningAll IMHO, DYOR + BoLTRE is not in my portfolioBQE is in my top5 hldgs (will post there now)
farmerdave
15 Mar 2016
Ooooh hotting up.. So how much will they cash out when they announce pre the end of March ?I think 3.5p is given per share as that would leave a little reserve at the co. and would have no cash remittances from subsIf all cash at subs distributed as well would be 8.5pSo my thought is about 4-5p a share will be distributed !FD
farmerdave
02 Nov 2015
Report to June 15 Interesting cash balances - 9.8 at company and 12.4 at subs - dosent that make 9.2p a share. Have bought a lot more at about 6.5 p FD
