John Laing Environmental Assets Group Limited (JLEN)

Sector:

Investment Firms

Index:

FTSE Small Cap

   Trade now with Barclays Stockbrokers   Trade now with Barclays   Sponsored by Barclays Stockbrokers

104.97p
   
  • Change Today:
    -0.030p
  • 52 Week High: 110.00
  • 52 Week Low: 99.20
  • Currency: UK Pounds
  • Shares Issued: 394.08m
  • Volume: 124,789
  • Market Cap: £413.66m
  • Beta: 0.00

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.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

JLEN Market Data

Currency UK Pounds
Share Price 104.97p
Change Today -0.030p
% Change -0.03 %
52 Week High 110.00
52 Week Low 99.20
Volume 124,789
Shares Issued 394.08m
Market Cap £413.66m
Beta 0.00

JLEN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.44% above the market average94.44% above the market average94.44% above the market average94.44% above the market average94.44% above the market average
95.97% above the sector average95.97% above the sector average95.97% above the sector average95.97% above the sector average95.97% above the sector average
Price Trend
17.8% below the market average17.8% below the market average17.8% below the market average17.8% below the market average17.8% below the market average
49.33% below the sector average49.33% below the sector average49.33% below the sector average49.33% below the sector average49.33% below the sector average
Income
74.79% above the market average74.79% above the market average74.79% above the market average74.79% above the market average74.79% above the market average
98.50% above the sector average98.50% above the sector average98.50% above the sector average98.50% above the sector average98.50% above the sector average
Growth
61.75% above the market average61.75% above the market average61.75% above the market average61.75% above the market average61.75% above the market average
59.41% above the sector average59.41% above the sector average59.41% above the sector average59.41% above the sector average59.41% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

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 19-Jul-2018

Time Volume / Share Price
12:03 2,350 @ 104.97p
11:56 141 @ 104.50p
11:41 9,000 @ 103.81p
11:19 341 @ 104.50p
10:56 387 @ 104.50p

Top of Page