Stock data
| Market cap. | £50.1m |
| Last close | 48.50p |
| High / Low (52 weeks) | 52.2p / 42.8p |
| Stock market listing | AIM |
| Forecast net debt (m) | N/A |
| Forecast gearing ratio (%) | N/A |
| Team | Industrials |
| Sector | Alternative Energy |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (0.26) | (3.96) | (8.06) |
| Relative * | 4.64 | 3.93 | 1.04 |
* % Relative to local index
Other companies covered in sector
| Y/E Jun | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 6.2 | (0.9) | (2.4) | (1.8) | N/A | N/A |
| 2011A | 9.8 | 0.0 | (2.3) | (1.9) | N/A | 31.4 |
| 2012E | N/A | N/A | N/A | N/A | N/A | N/A |
| 2013E | N/A | N/A | N/A | N/A | N/A | N/A |
Last updated on 19/04/2012
Latest research
Financing growth
Update | Alternative Energy | 13/07/2011
Growing, but not blowing
Update | Alternative Energy | 22/03/2011
Growing in the wind
Outlook | Alternative Energy | 26/10/2010
Wind assisted
Update | Alternative Energy | 03/08/2010
Increased investing
QuickView | Alternative Energy | 26/03/2009
Investment summary
Interim results from Renewable Energy Generation (REG) demonstrated progress, with revenue of £6.3m, +47% above the same period last year. In part this was due to higher capacity, but REG also benefited from favourable wind conditions, leading to total output of 55.7GWh,(+88%). With administration costs down slightly and lower development costs, REG recorded a profit before tax of £7k. However, with a significant rise in interest costs expected in H2, we forecast a loss before tax for the year of c £1.8m. REG is optimistic about the prospects for the business and we are confident that REG can double current capacity over the next three years. REG could be worth c 73p/share based on a valuation of operational capacity of £1.35m/MW. Applying transaction multiples (£1.8m/MW) would increase the valuation to over 85p/share.
Last updated on 23/04/2012
Industry outlook
According to the DECC, the UK has among the best wind resources in Europe, and analysis conducted by Arup indicates the potential for 13GW of onshore capacity by 2020.
Last updated on 23/04/2012
Key management
| Mike Liston, Chairman |
| Andrew Whalley, CEO |
| David Crockford, FD |
Company address
| Elizabeth House 9 Castle Street St Helier Jersey JE2 3RT United Kingdom +44 (0)1483 901 796 View website |
