AMPILT – Certificate and Model
September 2022 compliance certificate and updated model are available below. The latter corrects the cash balance to account for the £7.5m dividend (post balance sheet event mentioned in 1H accounts). Compliance_Certificate_September_2022 Model for bondholders v2 Sep 22
AMPIL – 1H 30 September 2022 unaudited accounts
The portfolio of biomass boiler and grid balancing assets is performing well. First half results published today show a positive step change, with revenue up 286% to £25.8m, profit before tax £7.7m, and £17.6m of operating cash flow before comfortably... Read More →
AMPIL – Year end accounts
As announced in October, AMP is leaving the bond in place for the time being. As per the docs it will commence amortisation of principal from December this year with income generated by its static portfolio of biomass (BM) and... Read More →
Orchard Bond Finance – New £10mn 6.25% June 2027 Retail Bond
Orchard Funding Group is a well-run, AIM-listed provider of short-term insurance premium and professional fees financing, with a successful 20-year history. It operates in the UK, remained profitable throughout Covid-19, and is now returning to growth in existing and new... Read More →
EnQuest plc – potential for double digit yield
EnQuest has quite the incentive to refinance its $ bond this year: doing so will automatically extend its bank facility out to 2028. The $ bond will yield solid double digits if they do it during 2022 (likely). Yield to... Read More →
AMPIL2 – GREEN BOND
Aggregated Micro Power Holdings Limited, trading as AMP Clean Energy (“AMP”), develops, owns, and operates renewable energy generating facilities. Its strategy is to develop and manage low carbon distributed energy projects in the UK, principally via non-domestic biofuel boilers and... Read More →
REA Holdings
Latest update on palm oil producer REA Holdings. 2020 was a volatile year for CPO prices and global economic demand, but with careful management of Covid-19’s impact, the group has come through. With prices substantially higher at the start of... Read More →
Tullow Oil
After falling 84% since November, market cap is just £460mn. Five years ago the trigger was the drastic fall in world oil prices. This time, Tullow’s problems are mostly of its own making, and it will need to move swiftly... Read More →
Senvion SA
Senvion designs, manufactures, and installs onshore and offshore wind turbine generators (WTGs). It also has an important and growing services division, providing operating, maintenance and other services to clients worldwide. As subsidies have fallen away, the industry has moved to... Read More →
Mattel Inc
Over the past several years Mattel (MAT) lost control over its operating processes and systems, fell behind digitally and socially, and allowed its key brands to stagnate. Currently amid a comprehensive plan to streamline product development and production, leverage its... Read More →