Stock data
| Market cap. | £19.1m |
| Last close | 14.37p |
| High / Low (52 weeks) | 18.1p / 10.2p |
| Stock market listing | AIM |
| Forecast net cash (£m) | 8.4 |
| Forecast gearing ratio (%) | N/A |
| Team | Industrials |
| Sector | Alternative Energy |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | 12.75 | 9.52 | (13.53) |
| Relative * | 18.28 | 18.52 | (4.98) |
* % Relative to local index
Other companies covered in sector
| Y/E Sep | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (fd) (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.0 | (7.3) | (6.2) | (7.2) | N/A | N/A |
| 2011A | 0.1 | (0.7) | 0.1 | 0.1 | 143.7 | N/A |
| 2012E | 0.2 | 2.4 | 3.2 | 2.6 | 5.5 | 8.8 |
| 2013E | 0.0 | (2.5) | (1.7) | (0.8) | N/A | N/A |
Last updated on 19/04/2012
Latest research
FY11 in line
Update | Alternative Energy | 06/02/2012
Financial flexibility
Update | Alternative Energy | 07/10/2011
Financing growth
Update | Alternative Energy | 29/06/2011
Value in pipeline
Update | Alternative Energy | 26/01/2011
Developing value
Outlook | Alternative Energy | 16/09/2010
Investment summary
Helius's 2010/11 results showed net income of £72k, ahead of our forecast loss of £1.8m. However, the figures were boosted by a fair value gain of £2.5m on the sale of equity in the CoRDe project. Once adjustments are made for CoRDe and the Stallingborough earn-out (-£0.7m), both non-cash items, the results were in line with expectations. Overall, 2011 was a year where Helius reshaped its business, reducing costs and strengthening the balance sheet. 2012 should see a move towards commercial operation of Rothes and the financial close of Avonmouth. If Helius successfully generates a profit relating to development fees from Avonmouth, it could translate into significant upside for the shares as this is not being valued by the market.
Last updated on 23/04/2012
Industry outlook
The UK has a significant requirement for renewable energy and we expect biomass to play an important part in helping the UK meet its renewable targets.
Last updated on 23/04/2012
Key management
| John Seed, Chairman |
| Adrian Bowles, CEO |
| Alan Lyons, CFO |
Company address
| 242 Marylebone Road London NW1 6JL United Kingdom View website |
