Infigen Energy (ASX: IFN) owns and manages 24 wind farms in Australia and the U.S. They generate over 4.5 GW of electricity annually. Their shares trade well below their asset value because of the large borrowings on their books and related interest payments (they were originally part of the Badcock… read more →
Shareholders will have received details of a 1:4 Rights Issue at $200 per share. In comparison, shares are being offered to prospective new investors at $205 per share.
The feature article in the April Eco Investor magazine discusses the relevance of company cashflow statements for investors. In particular, the way current cashflow can be a guide to future dividends and/or capital raisings. Submitted by August Investments, the article illustrates these relationships using the cashflow statements of Energy Action,… read more →
A milestone event is occurring right now with the commissioning of Geodynamics Ltd’s (ASX: GDY) first geothermal power plant. The electricity will be used to power the town of Innamincka in South Australia. We have increased our shareholding in this company.