Alkane Energy (ALK)

38.75p
   
  • Change Today:
    -1.25p
  • 52 Week High: 51.00
  • 52 Week Low: 28.50
  • Currency: UK Pounds
  • Shares Issued: 124.24m
  • Volume: 139,170
  • Market Cap: £48.14m
  • RiskGrade: 115
  • Beta: 0.34

TEG and Alkane to form biogas JV

Date: Wednesday 31 Aug 2011

LONDON (ShareCast) - AIM-listed green technology company TEG and energy company Alkane are to form a joint venture to handle the contract for a new plant in north-east Wales, which will convert food waste into electricity and fertiliser.

The 15-year contract, which guarantees a supply of food waste to the facility for about 60% of its capacity, is with a consortium of three councils in the area as part of the first of the Welsh government's sponsored organic waste projects.

The joint venture is to be called NEAT Biogas. TEG will hold 70% of the equity of the joint venture, while Alkane will hold the remaining 30%.

Under the contract, NEAT is planning to construct and operate a new 20,000 tonnes per annum anaerobic digestion (AD) plant to process the food waste supplied by the councils, together with additional third party food waste.

Full year revenues for NEAT are expected to generate £2m, while the facility is expected to produce enough renewable energy to power around 2,000 homes in the area each year.

The AD facility is expected to begin operations in the first half of 2013.

Commenting for Alkane, Chief Executive Neil O'Brien said: "The Alkane/TEG collaboration deal is proving its worth combining our heritage in waste management and energy generation. There is a strong match of the skills of the two teams and we continue to work on a number of other AD projects."

Alkane's share price was up 0.63% to 19.88p at 12:33.

TEG's share price was up 1.25% to 10.12p at 12:33.

NR

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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 51.00
52 Week Low 28.50
Volume 139,170
Shares Issued 124.24m
Market Cap £48.14m
Beta 0.34
RiskGrade 115

Alkane Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.47% below the market average74.47% below the market average74.47% below the market average74.47% below the market average74.47% 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
35.20% above the market average35.20% above the market average35.20% above the market average35.20% above the market average35.20% 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
89.6% below the market average89.6% below the market average89.6% below the market average89.6% below the market average89.6% 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
72.21% above the market average72.21% above the market average72.21% above the market average72.21% above the market average72.21% 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
16:14 25,000 @ 37.65p
13:15 1,563 @ 39.00p
13:13 22,000 @ 37.65p
12:34 222 @ 39.05p
12:03 25,575 @ 39.10p

Alkane Energy Key Personnel

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

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