Contour Global (GLO)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

183.20p
   
  • Change Today:
    -0.20p
  • 52 Week High: 222.50
  • 52 Week Low: 163.00
  • Currency: UK Pounds
  • Shares Issued: 670.71m
  • Volume: 16,373
  • Market Cap: £1,228.75m
  • RiskGrade: 142

ContourGlobal partners with General Electric for Kosovo project

By Duncan Ferris

Date: Friday 03 May 2019

LONDON (ShareCast) - (Sharecast News) - ContourGlobal and the government of Kosovo have selected General Electric to provide engineering, procurement and construction (EPC) and long-term maintenance at Contour's e Re Power Plant Project in the country.


GE and Contour will now enter further negotiations to agree on final terms for the coal fired power plant project.

Karl Schnadt, executive vice-president and chief operating officer of Contour, said: "We are delighted to move forward with such a world-class company with the commitment and capabilities to build Kosova e Re on time and according to the highest technical, environmental and safety standards. We have been pleased with the rigorous tendering process and the positive response received from the overall market."

The FTSE 250 company said the plant will allow Kosovo to tackle its growing electricity demand self-sufficiently, will improve its citizens' quality of life by reducing emissions, and will end the €300m annual losses caused by the current unreliable power supply in the country.

ContourGlobal added that the plant will end years of unreliable power supply in the country and create an attractive environment for foreign direct investment and sustain growth in the economy, estimating that its own investment will increase the mid-term GDP of Kosovo by at least 2%.

Kosovo's minister of economic development, Valdrin Lluka said: "The government will participate in the negotiation process with the intent of further improving the terms for the benefit of the Kosovo people. Successful implementation of this project has the potential to reshape the overall economic perspective of the country."

At 1215 BST, the shares were down 3.3% at 205.00p.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Contour Global Market Data

Currency UK Pounds
Share Price 183.20p
Change Today -0.20p
% Change -0.11 %
52 Week High 222.50
52 Week Low 163.00
Volume 16,373
Shares Issued 670.71m
Market Cap £1,228.75m
RiskGrade 142

Contour Global Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.72% above the market average59.72% above the market average59.72% above the market average59.72% above the market average59.72% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
19.59% below the market average19.59% below the market average19.59% below the market average19.59% below the market average19.59% below the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Income
65.36% above the market average65.36% above the market average65.36% above the market average65.36% above the market average65.36% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
51.39% below the market average51.39% below the market average51.39% below the market average51.39% below the market average51.39% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Contour Global Dividends

  Latest Previous
  Q3 Q2
Ex-Div 12-Dec-19 15-Aug-19
Paid 31-Dec-19 06-Sep-19
Amount 3.69¢ 3.69¢

Trades for 21-Feb-2020

Time Volume / Share Price
16:35 3,670 @ 183.20p
16:28 48 @ 184.80p
16:28 165 @ 184.80p
16:28 85 @ 184.80p
16:27 38 @ 185.00p

Contour Global Key Personnel

Chair Craig Huff
CFO Stefan Schellinger

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