Alkane Energy (ALK)

38.75p
   
  • Change Today:
    -1.25p
  • 52 Week High: 51.00p
  • 52 Week Low: 28.50p
  • Currency: UK Pounds
  • Shares Issued: 124.24m
  • Volume: 90,385
  • Market Cap: £48.14m
  • RiskGrade: 115
  • Beta: 0.31

Alkane Energy rises after revenues jump by a half

By Benjamin Chiou

Date: Wednesday 04 May 2011

LONDON (ShareCast) - First quarter revenues at coal mine methane (CMM) firm Alkane Energy soared by 51% in the first quarter as electricity output jumped 54% (year-on-year) to 37GWh.

The group said that pricing has also continued to strengthen recently as concerns over the situation in the Middle East and Japan have “influence sentiment in the energy market.”

Alkane now has 88% of 2011 production forward contracted at an average base load selling price of £49/MWh. “We have also taken the opportunity to forward contract into 2012 with an average price of £55/MWh on approximately 15% of our expected 2012 output,” the group said.

“We set out on the current CMM expansion phase some two years ago when selling prices were falling and investment funding limited due to the financial crisis. We are now seeing the result of our growth strategy as we benefit from increased output and rising market selling prices,” said chief executive officer Neil O’Brien.

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BC

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Alkane Energy Market Data

Currency UK Pounds
Share Price 38.75p
Change Today -1.25p
% Change -3.13 %
52 Week High 51.00p
52 Week Low 28.50p
Volume 90,385
Shares Issued 124.24m
Market Cap £48.14m
Beta 0.31
RiskGrade 115

Alkane Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.23% below the market average48.23% below the market average48.23% below the market average48.23% below the market average48.23% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Price Trend
43.76% above the market average43.76% above the market average43.76% above the market average43.76% above the market average43.76% above the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
Income
89.4% below the market average89.4% below the market average89.4% below the market average89.4% below the market average89.4% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
71.99% above the market average71.99% above the market average71.99% above the market average71.99% above the market average71.99% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Alkane Energy Dividends

  Latest Previous
  Final Final
Ex-Div 23-Apr-14 17-Apr-13
Paid 30-May-14 31-May-13
Amount 0.20p 0.100p

Trades for 23-Apr-2014

Time Volume / Share Price
12:03 25,575 @ 39.10p
11:52 2,517 @ 39.05p
11:39 5,000 @ 37.50p
11:02 15,238 @ 39.10p
10:42 5,059 @ 39.14p

Alkane Energy Key Personnel

Chair John Lander
Finance Director Stephen Goalby
CEO Neil Christopher O'Brien
Chair Roger McDowell

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