Infinis energy ipo

Party_Animal
Party_Animal Posts: 1,657 Forumite
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in Savings & investments
Just got this one through. Deadline next Wednesday. Any thoughts?
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  • chucknorris
    chucknorris Posts: 10,786 Forumite
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    Party_Animal wrote: »
    Just got this one through. Deadline next Wednesday. Any thoughts?

    I am also wondering about this IPO.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • srcandas
    srcandas Posts: 1,241 Forumite
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    I think it is a bit like Merlin. You can't lose much but equally you ain't going to clean up.

    But I like what they do so I'll consider it charity if I lose a bit ;)

    Just £2-3000 for me and these I might hold as I'm very light (haven't got any :rotfl:) in this sector :cool:
    I believe past performance is a good guide to future performance :beer:
  • Party_Animal
    Party_Animal Posts: 1,657 Forumite
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    I think there is some momentum following the success of the Royal Mail and Merlin launches and ordinary people are buying shares. Reminds me of the days of Mrs T. I'll certainly be having a look.
  • srcandas
    srcandas Posts: 1,241 Forumite
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    Party_Animal wrote: »
    I think there is some momentum following the success of the Royal Mail and Merlin launches and ordinary people are buying shares. Reminds me of the days of Mrs T. I'll certainly be having a look.

    I think there is momentum but do remember the institutions account for as much as 90% so the impact of us minnows is negligible.

    But that said the institutions seem short of ideas in the current climate and have incoming funds while interest rates stay low so they seem to be welcoming IPOs ;)

    But after Infinis I see the next cluster of expected IPOs to be as exciting as a raw squid. Only thing on the horizon that appeals to me is if the government give away Lloyds bank as a thank you and election booster :cool:
    I believe past performance is a good guide to future performance :beer:
  • MABLE
    MABLE Posts: 4,080 Forumite
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    What I like about Infinis IPO there is a lock in period of between 180-165 days before any shares can be sold by the directors.

    Also with Merlin I sold out yesterday at £3.55 as i need the proceeds for Infinis.
  • JoeCrystal
    JoeCrystal Posts: 3,009 Forumite
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    edited 9 November 2013 at 6:49PM
    Well, I do like the sustainable energy company and thus will be investing in this company. However, I do wonder just how it is sustainable for the company paying out £55 million per year. While the accounts do look complex (as befitting for a company that potentially worth £855 million), the finance cost looks quite high to me. Debts are high like successfully refinanced its 2009 bond with a new £350 million bond (due in 2019). It got a borrowing of £591 million at March 2013 account for example with few more borrowing.

    My sustainable investment is only at the maximum of £618 each this year so if it does go into trouble, ah well.
  • sabretoothtigger
    sabretoothtigger Posts: 10,035 Forumite
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    The gov dont own lloyds to give it away, they sold their shares which is good because its cost funded by taxes otherwise

    I looked at the Infi ipo and I checked for growth and really not seing much. The Severn tidal power project, thats the biggest prospect but not a mention of catching that.
    Sea Energy is cheaper, Im sure theres others. Even BP is better, some of theres is renewable
  • Northern_Light01
    Northern_Light01 Posts: 35 Forumite
    It just so happens that I stay in the cold, far flung and poor North East of Scotland where we kind of specialise in things energy related. So I'll be spending much of tomorrow looking into this as an investment vehicle.

    But the chances are that I'll come to the conclusion that the likes of Shell, BP, AMEC, Wood Group etc will be both safer and just as rewarding as Infinis in the long term. Interesting all the same.
  • srcandas
    srcandas Posts: 1,241 Forumite
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    edited 10 November 2013 at 9:55AM
    Northern_Light01 wrote: »
    But the chances are that I'll come to the conclusion that the likes of Shell, BP, AMEC, Wood Group etc will be both safer and just as rewarding as Infinis in the long term. Interesting all the same.

    Not sure many consider this an alternative to say BP or Shell. I see it as an opportunity to diversify a portfolio at a discount. IPOs tend to be priced to sell and come with a stag option should they be over subscribed. Of course there will be losers but that applies to any investment.

    While Infinis might have a downside I can't see it being big. They are revenue earning with a product that keeps going up in price and could be in short supply. The lion's share of their revenue comes from landfill but the hydro and wind generation gives then diversification.

    Pitching it as a divi m/c seems quite clever in current times so as less than 2% of my share portfolio I'll almost certainly have a nibble. But not till the last moment. With Merlin we knew they were over subscribed prior to the cut-off. Same might happen here ;)
    I believe past performance is a good guide to future performance :beer:
  • srcandas
    srcandas Posts: 1,241 Forumite
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    sabretoothtigger wrote: »
    The gov dont own lloyds to give it away,

    Sabre I admire you confidense in our government but if giving away a few shares to the electorate wins the next election I'm not sure the conservatives will worry about a little bit more debt. After all they will argue that if they lose the election the Lloyds debt will be nothing compared with a left spending spree so they can even justify it ;)

    And if they think like the doom merchants on this forum they can even justify dumping it at a huge discount before the markets suffer a massive correction :D

    It has of course already been proposed some months back in government circles that a give away to the UK tax payers would be good and generate a feel good factor :cool:
    I believe past performance is a good guide to future performance :beer:
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