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The vertically integrated turbine supplier and majority owner of the world’s largest planned tidal stream energy project, MeyGen has announced that its flagship project has achieved another significant funding milestone, successfully completing all conditions required to initiate its first drawdown from its senior project finance providers, The Crown Estate and Scottish Enterprise through the Renewable Energy Investment Fund.
Equens, the first pan-European, full-service payment processor and Vipera Plc, the provider of mobile financial services and digital customer engagement solutions, have announced the launch of a mobile banking card control application (‘App’) for a leading German banking group. This is the first of such kind following the partnership formalised by the two groups earlier this year.
The AIM quoted residential and urban regeneration specialist has announced a major strategic partnership with Grainger PLC (GRI), the UK’s largest listed residential property owner and manager, to create a large-scale Private Rented Sector portfolio across the key cities of England outside Greater London.
It was picked up by the Seeking Alpha brigade in June 2103. There is plenty of comment at the following link http://seekingalpha.com/symbol/AWLCF In summary AWDR has been hit like all the offshore drillers. Operationally they have performed well. The share price weakness is also as a result of 2 founder shareholders significantly reducing their stakes although they still retain a 53% stake. Contract coverage is…
Just to confirm, apart from the quoted Daily Telegraph, the source(s) are entirely original. As mentioned, NDA's cover most of what can be said. The report is not intended to be a definitive explanation of what has happened, more a discussion to look at what could potentially have happened.
Signs of a slowdown in China and increased competition overseas – the valuation looks cheap and seemingly for good reason! China Shoto surely now risks being viewed as an old style polluter, having to spend increasing amounts on environmental compliance, operating in what could unfortunately turn out to become a low growth market. The strengthening currency could also make life increasingly hard in overseas markets…
Quite correct - that should be £19bn
Plexus has signed an agreement with Sonangol Pesquisa e Produção ('Sonangol'),to supply its POS-GRIP® wellhead systems and services for drilling activities offshore Angola. The potential value of the contract, is estimated at £700,000 with revenues expected to commence in June 2010. Total revenue for the year ending June 2009 was £15.1m so it’s a decent sized contract. Yet another new customer for Plexus is clearly…