John Laing Environmental Assets Group Limited (JLEN)

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104.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 109.25
  • 52 Week Low: 99.20
  • Currency: UK Pounds
  • Shares Issued: 497.02m
  • Volume: 507,374
  • Market Cap: £519.38m
  • Beta: 0.08

John Laing announces £15.3m acquisition of biogas firm Vulcan Renewables

By Iain Gilbert

Date: Tuesday 29 Aug 2017

LONDON (ShareCast) - (ShareCast News) - John Laing Environmental (JLEN) assets group announced on Tuesday its acquisition of Vulcan Renewables for a total consideration of £15.3m, including working capital.
The acquisition, in partnership with Future Biogas, is the company's first foray into the world of anaerobic digestion, a step JLEN saw as an opportunity to further diversify its portfolio of environmental projects that already included wind, solar, waste, and wastewater.

Located in Hatfield Woodhouse, near Doncaster, Vulcan's plant was one of the first commercial biogas-to-grid projects in the UK when it was commissioned in October 2013 and has the capacity of 5MWth and predominately produces bio methane.

Bringing the total capacity of the group's renewable energy assets to 230.2MW, the acquisition was funded by a draw-down on JLEN's revolving credit facility.

Richard Morse, chairman of the firm, said "We are pleased to make our first investment in the anaerobic digestion sector through Vulcan Renewables, a project with a proven operational history. With its RPI-linked RHI and FiT revenue streams, the project adds to the diversification of the JLEN portfolio."

As of 1320 BST, shares had remained flat, up just 0.08% to 107.64p.

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JLEN Market Data

Currency UK Pounds
Share Price 104.50p
Change Today -0.50p
% Change -0.48 %
52 Week High 109.25
52 Week Low 99.20
Volume 507,374
Shares Issued 497.02m
Market Cap £519.38m
Beta 0.08

JLEN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
22.22% above the market average22.22% above the market average22.22% above the market average22.22% above the market average22.22% above the market average
15.32% above the sector average15.32% above the sector average15.32% above the sector average15.32% above the sector average15.32% above the sector average
Price Trend
44.22% above the market average44.22% above the market average44.22% above the market average44.22% above the market average44.22% above the market average
43.32% above the sector average43.32% above the sector average43.32% above the sector average43.32% above the sector average43.32% above the sector average
Income
5.73% above the market average5.73% above the market average5.73% above the market average5.73% above the market average5.73% above the market average
47.45% above the sector average47.45% above the sector average47.45% above the sector average47.45% above the sector average47.45% above the sector average
Growth
61.11% above the market average61.11% above the market average61.11% above the market average61.11% above the market average61.11% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

JLEN Dividends

  Latest Previous
  Final 3rd Interim
Ex-Div 07-Jun-18 01-Feb-18
Paid 22-Jun-18 22-Feb-18
Amount 1.58p 1.58p

Trades for 16-Nov-2018

Time Volume / Share Price
16:52 75,000 @ 104.50p
16:35 77,860 @ 104.50p
16:29 20 @ 104.50p
16:29 3,019 @ 104.50p
16:29 1,513 @ 104.50p

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