pharmaspecialist
20 Jan 2015
Re: sells This company has growing profits and, as you mention above, a low valuation relative to its assets, and it appears to be performing reasonably well, having recently signed a large long term contract for the supply of electricity. I would conclude that the fall in share price is therefore likely to be due to one or more of the following:1. The herd instinct dragging down the price of all gas/energy related stocks even if not justified.2. The marketmaker playing around with the price to try to stimulate a bit of trading.3. Insider dealing based on non-public information is taking place. Whilst insider deailing is quite common I think it is more likely to be 1 or 2. My own personal decision is to continue to hold and to monitor the company's newsflow as usual, but at the moment I can't see any significantly negative news to justify the share price decline.
FCell
19 Jan 2015
Re: sells This company is almost valued lower than it's net assets in the interim which was before the £12m acquisition.....
rollthediceagain
19 Jan 2015
Re: sells ...or it could be that trading statement, issued about this time last year, isn't looking that clever...
rollthediceagain
19 Jan 2015
Re: sells EDR down c12% today so perhaps that's pulled ALK down with it given stake held.
dabba
19 Jan 2015
Re: sells just the normal insider dealing. We'll find out soon enough.
latife
19 Jan 2015
sells So many sells today, Have I missed something. Only heard good news lately!
pharmaspecialist
08 Jan 2015
Market has gone to sleep I must conclude that the share price of Alkane Energy has been dragged down by the currently poor sentiment for many energy companies, despite the fact that Alkane's core business is unaffected by weak oil/gas prices. I would note that the most recent Investor Chronicle buy tip update says that Alkane is "cheap on 13 times forward earnings". According to Morningstar, Alkane is now on a forward p/e of 10.9 for 2014 falling to 7.9 for 2015 so that must make it extremely cheap by the Investors Chronicle criteria. Furthermore, Alkane has just completed an agreement described by the CEO as the company's "biggest ever contract" under which it will help supply power for the UK government for the period 2018-2033. Surely this must improve the quality of the company's already increasing earnings? It would appear that Henderson Global Investors agrees with this view as they have just increased their effective stake to over 23% of the company and there is no way they would have done this without some very careful due diligence. I would predict that it will take another update from the Investors Chronicle before investors wake up to the cheapness of this company at its current share price of around 30p.
winningstreak
19 Dec 2014
F/A/O RYO RYO - Good news here today. Stand-by power is going to be lucrative, IMHO. Off/Topic: If you have a moment, go to UTW, seems good value right now, but DYOR. Good luck.ws
geldman
19 Dec 2014
Re: RNS - "largest ever contract" Not having had time to calculate the impact on the EPS and/or the NPV of the 15yr cash flows an annuity type income for a power generator with a AAA customer should imply a re-rating of the shares in the medium term. There are very few such contracts available for smaller platers in the sector. This outcome might compensate for the sale of the shale gas assets for, what seemed at the time, a not very favourable price. Given the fall in price of oil whatever was received might be a bonus.
mexicoman
19 Dec 2014
Re: RNS - "largest ever contract" Mega news
gretel
19 Dec 2014
RNS - "largest ever contract" Excellent news just out - ALK's "largest ever contract award", with "long term income visibility stretching over a 15 year period"....[link]
