Alkane Energy - Back to 100p
Says Zak Mir of Zaks-TA.com
The stock market is full of hyperbole, especially from tipsters. I chanced upon Alkane Energy today and my immediate reaction was that it is the best stock chart I have ever seen.

This may sound somewhat melodramatic, but I do not think that it is an exaggeration. As all traders know (including Nick Leeson if you are reading), the way to make real money is by betting the bank on the really big calls. That is the aim of my site. Nick, if you're still there, now is the time to go long of Alkane Energy - it has to be a better bet than a Nikkei arbitrage.

Although a chartist is fully allowed to ignore the fundamentals and look purely at the technicals, the fundamental background to Alkane is a company that declared losses of 284,000 pounds in its last set of results versus 20 million pounds in the previous year. This is a great recovery situation just in financial terms and the hopes of the bulls are carried in the form of a very extended base on the chart below 20p that was in place for nearly three years. The charting rule is that the longer the base, the bigger and more powerful the eventual breakout. This would imply that we are looking at the possibility of a full return to the highs seen at the start of the decade towards 100p.

Only an end of day close below the 10 week moving average on the weekly chart at 19p would even begin to cast doubt on the upside. The minimum expected target in the near term would be the 40 week moving average now running through 40p.

when will the rns come?

Pro2- expansion finance sorted. good.

Time to buy again ??

canada1, certainly one to keep an eye on. Rising EPS with results out in a few days! If its good, I'm in big.

dcglim, any comments ?, looks good to me, can't understand all the sells.

Interview with Neil O'Brien, Chief Executive Officer from Alkane Energy

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http://www.brrmedia.co.uk/event/104007/neil-obrien-chief-executive-officer

Audio interview with Neil O'Brien, CEO of Alkane Energy (ALK).

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http://www.brrmedia.co.uk/event/108091/neil-obrien-chief-executive-officer

StockMarketWire.com
Independent gas to power producer Alkane Energy's revenues rose by 54% to £14.7m in the year to the end of December anmd a maiden dividend of 0.1p per share is proposed.

Group profits before tax and pre-exceptional items increased 44% to £2.9m (2011: £2.0m) and earnings before interest, tax, depreciation and amortisation rose by 37% to £5.8m (2011:£4.2m).

The group reports its eighth successive year of growth in output - up 19% at 167GWh (2011: 140GWh) - and says it is now the largest coal mine methane operator in UK.

Chief executive Neil O'Brien said: "The successful acquisition of Greenpark has provided Alkane with the scale to significantly benefit from the well publicised looming energy gap requiring additional and responsive generators.

"We will continue to invest in building our portfolio of mid-sized power plants and look forward to another year of progress in 2013."

Neil O'Brien, Chief Executive Officer
The Acquisition will significantly increase the Group's installed electricity generating capacity from CMM, bringing immediately operational assets and cash flow, thus avoiding the development lag of organically developed sites.

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Listen - Neil O'Brien, CEO, Alkane Energy ALK Trading update

INTERVIEW

ALKANE ENERGY (ALK) CEO interview...109% increase in revenues

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http://www.brrmedia.co.uk/event/116096/neil-obrien-chief-executive-officer

Doing quite nicely on the news today.

StockMarketWire.com
Independent gas to power producer Alkane Energy said today that trading for the year to end-December 2013 has remained strong with output increasing 15% year on year, in line with market expectations.

For the period, the Group expects to deliver electricity of circa 192 GWh (2012: 167 GWh).

This increase reflects the contribution of the 11MW coal mine methane ("CMM") facility at Maltby Colliery acquired in May 2013 which is performing ahead of plan. Alkane opened its 23rd site at the former Prince of Wales Colliery, Pontefract in December and this 2MW facility is an example of our organic roll out of new capacity from our existing licence acreage.

Electricity pricing has remained stable over recent months with an expected average base load price of circa £53/MWh in the year to 31 December 2013 (2012: £52/MWh). As at 31 December 2013, approximately 59% of the Group's expected 2014 output is contracted at an average price of £53/MWh.

The Power Response operations, which are connected to mains gas, run peak winter load and offer Short Term Operating Reserve ("STOR") facilities to the National Grid. The overall STOR market is growing and in response to this we are adding to our engine capacity in this sector. Alkane has continued to improve its service performance which together with growth in the market has meant that we have seen Power Response revenue more than doubling compared with 2012.

The Board expects that the results for the year ended 31st December 2013 will be in line with market expectations.

CEO, Neil O'Brien, said:

"Alkane continues to invest in new facilities as the UK Electricity market faces an increased risk of an energy gap over the coming years. 2013 has seen the successful integration of the Maltby acquisition and improved performance from our Power Response sites. It has been our 10th successive year of output growth and we remain confident of future prospects."

Results for the year ended 31st December 2013 will be published on 12th March 2014.

LISTEN: Neil O'Brien, CEO of Alkane Energy, discusses the acquisition of 10MW Power Response site

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Alkane Energy (ALK) - Agreement with Egdon Resources to transfer of onshore shale assets for shares

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ticks all of my boxes have profit every year 10% I see honest reporting I like it

Listen: Alkane Energy (ALK) - Notice of results and trading update
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Listen: Alkane Energy (ALK) - Acquisition and fundraising

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Alkane Energy - Wins National Grid Contracts, whats next? Click the link to hear more

http://www.brrmedia.co.uk/event/127396/

Alkane Energy - Trading update

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