John Laing Environmental Assets Group Limited (JLEN)

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110.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 111.00
  • 52 Week Low: 99.20
  • Currency: UK Pounds
  • Shares Issued: 497.02m
  • Volume: 493,330
  • Market Cap: £549.21m

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 110.50p
Change Today 0.50p
% Change 0.45 %
52 Week High 111.00
52 Week Low 99.20
Volume 493,330
Shares Issued 497.02m
Market Cap £549.21m

JLEN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.28% above the market average15.28% above the market average15.28% above the market average15.28% above the market average15.28% above the market average
7.65% above the sector average7.65% above the sector average7.65% above the sector average7.65% above the sector average7.65% above the sector average
Price Trend
71.26% above the market average71.26% above the market average71.26% above the market average71.26% above the market average71.26% above the market average
73.12% above the sector average73.12% above the sector average73.12% above the sector average73.12% above the sector average73.12% above the sector average
Income
0.10% above the market average0.10% above the market average0.10% above the market average0.10% above the market average0.10% above the market average
42.29% above the sector average42.29% above the sector average42.29% above the sector average42.29% above the sector average42.29% above the sector average
Growth
59.41% above the market average59.41% above the market average59.41% above the market average59.41% above the market average59.41% above the market average
62.24% above the sector average62.24% above the sector average62.24% above the sector average62.24% above the sector average62.24% above the sector average

JLEN Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 29-Nov-18 23-Aug-18
Paid 21-Dec-18 21-Sep-18
Amount 1.63p 1.63p

Trades for 19-Feb-2019

Time Volume / Share Price
16:26 65,586 @ 110.70p
16:35 60 @ 110.50p
16:28 22,540 @ 110.86p
16:12 4,510 @ 110.86p
15:53 1,900 @ 110.86p

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