Temat:
PHOTON
Photon inwestuje w Polsce
Jamno k Koszalina
espi
Data sporządzenia: 2019-10-25
Skrócona nazwa emitenta
PHOTON ENERGY N.V.
Temat
Photon Energy wins tender to build 950 kWp PV power plant in Northern Poland
Podstawa prawna
Art. 17 ust. 1 MAR - informacje poufne.
Treść raportu:
The Management Board of Photon Energy NV announces that on 25 October 2019 its subsidiary Photon Energy Solutions HU Kft in consortium with RenCraft Sp. z o.o. signed an agreement with Miejskie Wodociągi i Kanalizacja w Koszalinie sp. z o.o. (water utility company located in the north of Poland) for the construction of a 950 kWp photovoltaic power plant in the location of the sewage treatment plant in Jamno.
The total net value of the project is PLN 3.36 million. The scope of the project includes project development, technology procurement, engineering and construction works as well as the provisions of maintenance services during the warranty period of 60 months from power plant commissioning.
The project shall be completed and grid connected within seven months from the date of signing the agreement with the investor i.e. by 25 May 2019.
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Temat:
PHOTON
Jutro czat inwestorski na sii.org.pl
Zarząd skupuje swoje własne akcje w związku z programem przyznawania akcji swoim pracownikom.
Zgarnięcie 30mln E z obligacji powinno dac firmie niezłego kopa. Nawet jeśli nie dostana kasy od wegierskich banków to będą mogli spokojnie zbudować tam zaplanowane 50MW. teoretycznie więcej kasy powinno byc z Wegier. Australia jest albo przesunięta o kilka miesięcy albo odłożona w czasie ( put on hold) : papirologia australijska nie sprzyja Photonowi.
Z jednej strony mamy potężny zastrzyk gotówki ( Canadian Solar) z drugiej trony zwiększoną produkcje i przychód w chyba 7mym kwartale z rzędu a z drugiej strony jak dobrze poszperać to wychodzi, że gdyby nie zastrzyk kasy z CS firma byłaby wciąż pod kreską ( co na innym forum "notorycznie i ustawicznie podkresla pewien przychylny spółce forumowiec.
Zgarnięcie kasy z obligacji, wypłacalnośc odsetek obligatoriuszom - to sprawy niezwykle istotne z punktu widzenia wizerunku i wiarygodności społki; rzetelność ponad wszystko. PS spółka pochwaliła sie nagroda dla najlepiej raportującej spółki z New Connect...
pozwalam sobie na cytat z Prezesa firmy który od czasu do czasu udziela sie na forum konkurencji.
Dear All,
As you are aware, I am following the discussion on this message board with great interest and I feel the time has come to address some issues.
It appears that there is some confusion about our employee share purchase program (ESPP). Due to the complexity of the process, in recent years we have been awarding shares to employees from the company’s treasury stock, which explains the declining number of shares held. Treasury shares have been used for this purpose only and none have been placed with outside investors. From time to time, during the time windows in which we can do so, the company carefully buys shares in the market to restock treasury shares effectively loaned to the ESPP as authorized by the General Meeting. To date, employees have not been able to sell their shares obtained as part of the ESPP during their employment. Only those employees who left can dispose off their shares freely, which has been a very small number of shares in relation to trading volumes over the past years. At some point in the future we will introduce a vesting mechanism for employees and will inform the market accordingly.
While I accept that the market is always right, I do believe that some of our recent milestones are not being fully appreciated:
The repayment of our first bond on 12 March is a crucial milestone. While it is hard to issue and place a bond (as we know), the real test is paying the coupons, but most importantly, repaying the principal. Given the string of bankruptcies in our industry in recent years, Photon Energy stands out, proving the many sceptics we have met in recent years wrong. After the bond repayment, our balance sheet is rock solid as the vast majority of our holding-level liabilities (as opposed to the project-level liabilities repaid by each power plant directly) is now long term and due in 2022 and 2023. As a result, our risk profile is fundamentally better.
The transaction with Canadian Solar and the resulting capital gain of some EUR 3 million in 2018Q1 is only the beginning of the monetization of our project pipeline in Australia. Even so, this first successful monetization has increased our equity position nicely. Furthermore, if one super-imposes the impact of this first liquidity event on our 2017 financials (note: this is not a forecast), we have a positive bottom line.
Our recent investment into the ValueTech Seed Fund seems to have been a bit confusing. Firstly, a capital commitment to a fund of this type is only that, a commitment to provide the committed amount during the investment period of (in this case) four years to fund the fund’s operating costs and to co-fund investments when they occur based on so-called capital calls. As unfortunately PV projects in Poland do not meet our investment criteria, we are very happy to be able to invest in Polish brains and entrepreneurship instead. The opportunities we see are very exciting and our engagement can be understood as our compliment to the acumen of Polish scientists and entrepreneurs. The 4-to-1 subsidy leverage provides us with a great risk/return profile in doing so.
Last but not least, our expansion into water purification is the right step into the right direction. Clean water is becoming the No. 1 problem across the world. The combination of clean energy and clean water together with our preparedness to go to far away markets if they are promising provides us with limitless potential for growth. Of course, as always, execution is key.
On that note, I would like to thank all our investors for their trust and patience and remain with
Best regards,
Georg
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