A pioneering business with the carbon economy agenda at the forefront, Active Energy Group is a provider of biomass to the European market. With access to a large supply of high quality feedstock, experienced forestry team and modern processing facilities, Active Energy Group via the purchase of Active Energy Ukraine (formerly Bioenerho) are well positioned to supply Polish, Ukrainian and EU clients with biomass including raw materials, logs, wood chips and pellets.
Active Energy Group Price and Volume
Previous Close: 1.80p* (real time prices at ADVFN) Previous Range:N/A - N/A* Previous Volume:121000 shares (down on average)* Trading:below the 50 day M.A. (2.1521) & below the 200 day M.A. (2.1871)*
Existing business was supposedly c.80,000 tonnes. This new contract adds c.120,000tonnes.
So I'd expect at least 200,000 tonnes per annum from January. At current prices of £50/tonne for woodchip, this would imply revenue of £10m p.a. A great start.
The subsidiary just acquired has supplied volumes historically in excess of 300,000 tonnes per annum (see the Circular...), so I'd imagine management are looking at that just for starters.
Could be a lot more to come here, although management will have hands full short term ensuring they deliver on time. Utility customers will have demanding delivery expectations I assume.
annoying dilution at 1.25p, but the company acquired is being issued shares and warrants at 3p, so they must think the company is going places - or they were in a bad negotiating position. Either way I'm in the money for now, and no plans to sell anytime soon.
also good to see the mgmt incentive options do not vest until shares reach 3p
Not a spectacular announcement but this is trying to build a market position in Ukraine. Plus regain some investor confidence. We may see an interesting year as the business opens up some new revenue streams.
Definitely one to watch for the forthcoming year...
This could equaly 80% rises here easily today. Much more buying pressure.
Serica Energy (LON:SQZ) has been in bull mode since the company announced a farm-in agreement with heavy weight BP, and with volumes like this it looks to be showing no signs of slowing down. Up 7% and due a major rerating. This is primed to explode today. Could see 200% gain easily.
Those aren't my words, they're views from the trading floor.
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Its hard to answer that question. There are a lot of day traders on aim buying on the recent rise and looking for small profits. This board is mainly followed with investors who would like to be short term, but have become long term because of the way AEG is shaping up.
RGS has a great plan but is taking time to initiate, will say however that plan is coming together nicely. Check out the new media release
BMI has selected AEG to be one of its primary suppliers of Biomass feedstock. From its Black Sea deep water port operations AEG will ship a minimum of 240,000 tonnes of Biomass over a two year period commencing 1 January 2014.
Richard Spinks, CEO of Active Energy Group, said: "I am extremely proud of our team for their achievements over the past few months. These three major milestones in Active Energy's development - record production and shipping volumes, simultaneously loading three bulk cargo vessels, and successfully despatching them across the Black Sea to new and existing clients in Turkey and even further to Italy - prove that our efforts in developing a fully-integrated logistics chain are already producing tangible results."
"We are in advanced negotiations with several major European woodchip buyers, who currently source product from suppliers located over 10,000kms away, and can now demonstrate our ability to reliably deliver large volumes of high-quality woodchip in a tenth of the time, with significantly lower cash-flow exposure, than their existing supply sources
Shipping Capacity Update
Thu, 5th Dec 2013 07:00
RNS Number : 6999U
Active Energy Group PLC
05 December 2013
Active Energy Group Plc
("Active Energy" or the "Company")
Three major milestones: record production and shipping volumes, simultaneously loading.