REA Holdings – 1H improvement + liability management
REA has had a solid first half, with operations running pretty well and financial results showing improved profits. Following the increased equity transaction completed with DSN, REA is proposing a partial liability management exercise for the GBP bonds ahead of their August maturity. Sterling holders are invited to contact the desk for details of the... Read More →
AMPIL – Asset Sale
26-06-2024 Owner Asterion has reportedly launched a sale of AMPIL’s heat and biomass business. Any binding offers are expected around the end of July. The grid balancing side of the business is not up for sale. We note the bonds are currently callable at 102. Update Despite receiving credible offers for the biomass business,... Read More →
AMPIL – DSCR and historic DSCR for March 2023
Aggregated_Micro_Power_Infrastructure_2_plc_-_Forward_DSCR
AMPILT – Certificate and Model
September 2022 compliance certificate and updated model are available below. The latter corrects the cash balance to account for the £7.5m dividend (post balance sheet event mentioned in 1H accounts). Compliance_Certificate_September_2022 Model for bondholders v2 Sep 22
AMPIL – 1H 30 September 2022 unaudited accounts
The portfolio of biomass boiler and grid balancing assets is performing well. First half results published today show a positive step change, with revenue up 286% to £25.8m, profit before tax £7.7m, and £17.6m of operating cash flow before comfortably covering interest. Accounts are available here: 1H FY 2022-23
AMPIL – Year end accounts
As announced in October, AMP is leaving the bond in place for the time being. As per the docs it will commence amortisation of principal from December this year with income generated by its static portfolio of biomass (BM) and urban reserve (UR) grid balancing assets. Locked in contracts are producing solid income. Documents recently... Read More →
AMPIL Investor Update
Given recent events in financial markets, and in particular the significant increase in swap rates we have seen over the last few weeks, the board of Aggregated Micro Power Infrastructure 2 plc (the “Company”) have decided that the recent increase in swap rates has made it uneconomic to call the bonds at present. Please see... Read More →