Alkane Energy (ALK)

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36.00p
   
  • Change Today:
    -0.25p
  • 52 Week High: 51.00p
  • 52 Week Low: 35.86p
  • Currency: UK Pounds
  • Shares Issued: 146.46m
  • Volume: 101,928
  • Market Cap: £52.73m
  • RiskGrade: 122
  • Beta: 0.36

Alkane Energy powers ahead

Date: Wednesday 07 Sep 2011

LONDON (ShareCast) - Alternative energy provider Alkane Energy revealed a 10% increase in half year pre-tax profit and said it is well placed to make further progress.

The coal mine methane producer said pre-tax profit rose to £718,000 in the 6 months ended 30 June 2011 from £653,000 the same time a year earlier. Revenue increased 63% to £5m, driven by higher CMM output and rising selling prices compared with the same period last year.

EBITDA rose 34% to £1.95m while adjusted profit before tax increased 36% to £0.89m.

Alkane generating output rose 34% to 70GWh. 96% of 2011 expected output contracted at an average selling price of £51/MWh and 54% of 2012 at £57/MWh.

Average pricing was up 14% with positive momentum expected to continue into 2012, the group said.

Chief executive officer Neil O'Brien said, "Our coal mine methane core business continues to grow both in scale and profit. In addition, our core gas to power skills are helping the business successfully develop in related areas. In the UK power generation market where 25% of industry capacity will be retired in the next decade, we are well placed to make further progress."

---
CJ

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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 36.00p
Change Today -0.25p
% Change -0.69 %
52 Week High 51.00p
52 Week Low 35.86p
Volume 101,928
Shares Issued 146.46m
Market Cap £52.73m
Beta 0.36
RiskGrade 122

Alkane Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.75% below the market average55.75% below the market average55.75% below the market average55.75% below the market average55.75% below the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Price Trend
21.35% below the market average21.35% below the market average21.35% below the market average21.35% below the market average21.35% below the market average
5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average
Income
89.64% below the market average89.64% below the market average89.64% below the market average89.64% below the market average89.64% 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
69.92% above the market average69.92% above the market average69.92% above the market average69.92% above the market average69.92% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_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 28-Jul-2014

Time Volume / Share Price
15:04 9,687 @ 36.00p
14:11 500 @ 36.00p
13:46 2,500 @ 36.00p
13:29 20,000 @ 36.00p
13:10 5,542 @ 36.00p

Alkane Energy Key Personnel

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

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