Last 2.50 GBp
Change Today 0.00 / 0.00%
Volume 101.6K
As of 11:35 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

active energy group plc (AEG) Snapshot

Open
2.50 GBp
Previous Close
2.50 GBp
Day High
2.50 GBp
Day Low
2.50 GBp
52 Week High
09/17/13 - 3.13 GBp
52 Week Low
05/14/14 - 1.63 GBp
Market Cap
14.0M
Average Volume 10 Days
83.0K
EPS TTM
-0.0055 GBp
Shares Outstanding
559.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for ACTIVE ENERGY GROUP PLC (AEG)

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active energy group plc (AEG) Details

Active Energy Group Plc supplies woodchip and associated timber products for green energy Biomass power generation and MDF manufacturing primarily in Ukraine, the United Kingdom, Turkey, Italy, eastern Europe, the Balkans, and the European Union. It is also involved in the processing and distribution of woodchips. The company was formerly known as Cinpart plc and changed its name to Active Energy Group plc in July 2010. Active Energy Group plc is headquartered in London, the United Kingdom.

66 Employees
Last Reported Date: 07/2/14

active energy group plc (AEG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: 140.0K GBP
Chief Operating Officer and Executive Directo...
Total Annual Compensation: 79.1K GBP
Compensation as of Fiscal Year 2013.

active energy group plc (AEG) Key Developments

Active Energy Group Enters into Forestry Joint Venture with Metis Settlements

Active Energy Group has entered into a joint venture agreement to commercialise Metis Settlements mature forestry assets in Alberta, Western Canada. The forests are owned by the Alberta Metis Settlements of Peavine, Alberta Metis Settlements Paddle Prairie and Alberta Metis Settlements East Prairie. The partners in the new venture include the three Metis Settlements, Grand Chief Ronald Derrickson of British Columbia, and Active Energy Group. The Metis Settlements and Active Energy Group will each hold a 45% equity interest in the joint venture company, which will be incorporated in Canada and headquartered in Kelowna, British Columbia, with the remaining equity to be held by Derrickson. Under the agreement, the Metis Settlements will, in exchange for their equity interest in the joint venture company, grant exclusive rights over all their forestry assets to the joint venture company; and AEG will commit to commercialise those forestry assets in exchange for its equity stake. The joint venture company will be allowed to enter into sub-leases with third parties for periods of approximately 200 years to facilitate long-term economic development for the Metis peoples, in collaboration with international investors and commercial partners. The forests are primarily composed of prime mature standing hardwood (Aspen, Poplar) and softwood (Spruce, Pine, Fir) species. All commercial transactions that the joint venture may enter into will include an obligation to provide local employment for Metis citizens, and a commitment to contribute to corporate social responsibility programmes which benefit Metis communities. This agreement has been promoted and overseen throughout the negotiation and agreement stages by Derrickson and Iner Gauchier, Chairman of the Peavine Metis Settlement, with the support of Greg Calliou and Gerald Cunningham, respectively chairman of the Paddle Prairie and East Prairie Metis Settlements. To ensure fair and equitable participation for the indigenous groups in the management of the joint venture, it has been unanimously agreed that Derrickson will be appointed Chairman of the new company, and will be joined on the Board by three representatives from Active Energy Group and one representative from each of the three Metis Settlements that are party to the agreement.

Active Energy Group plc Announces Joint Venture Agreement to Exclusively Commercialise in Excess of 100,000 Hectares of Mature Forestry Assets in Alberta, Western Canada

Active Energy Group Plc announced that it has entered into an important new joint venture agreement to exclusively commercialise in excess of 100,000 hectares (c.250,000 acres) of mature forestry assets in Alberta, Western Canada, which are expected to yield more than 20 million m3 of commercial standing timber. The forests, located in Western Canada, are owned by three indigenous aboriginal groups: the Alberta Métis Settlements of Peavine, Paddle Prairie and East Prairie. The partners in the new venture include the three Métis Settlements, Grand Chief Ronald M. Derrickson of British Columbia, and Active Energy Group. The Métis Settlements and Active Energy Group will each hold a 45% equity interest in the joint venture company, which will be incorporated in Canada and headquartered in Kelowna, British Columbia, with the remaining equity to be held by Grand Chief Ronald M. Derrickson. The new venture represents a arrangement for the Métis: it provides a mechanism for their rights and assets to be independently assessed and valued, and for them to receive a fair and equitable share of the proceeds from the commercialisation of those rights and assets over the long-term. Under the agreement, the Métis Settlements will, in exchange for their equity interest in the joint venture company, grant exclusive rights over all their forestry assets to the joint venture company; and AEG will commit to commercialise those forestry assets in exchange for its equity stake. The joint venture company will be allowed to enter into sub-leases with third parties for periods of approximately 200 years to facilitate long-term economic development for the Métis peoples, in collaboration with international investors and commercial partners. The forests are primarily composed of prime mature standing hardwood (Aspen, Poplar) and softwood (Spruce, Pine, Fir) species.  AEG will aim, with the active involvement of the Métis Settlements Board representatives, to ensure that sub-lessees and other partners adhere to internationally-recognised environmental and sustainability standards, and the international forestry stewardship criteria. All commercial transactions that the joint venture may enter into will include an obligation to provide local employment for Métis citizens, and a commitment to contribute to corporate social responsibility programmes which benefit Métis communities. This substantial agreement has been promoted and overseen throughout the negotiation and agreement stages by Grand Chief Ronald M. Derrickson and Iner Gauchier, Chairman of the Peavine Métis Settlement, with the support of Greg Calliou and Gerald Cunningham, respectively Chairman of the Paddle Prairie and East Prairie Métis Settlements. To ensure fair and equitable participation for the indigenous groups in the management of the joint venture, it has been unanimously agreed that Grand Chief Derrickson will be appointed Chairman of the new company, and will be joined on the Board by three representatives from Active Energy Group and one representative from each of the three Métis Settlements that are party to the agreement. Active Energy Group will make further announcements in due course as the project progresses to establish the value of, and to commercialise, the substantial forestry assets.

Active Energy Group PLC Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2013

Active Energy Group PLC announced audited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported revenue of GBP 5,246,542 against GBP 230,710 a year ago. Operating loss was GBP 2,222,951 against GBP 729,455 a year ago. Loss before taxation was GBP 2,273,642 against GBP 733,695 a year ago. Loss for the year from continuing operations was GBP 2,267,627 or GBP 0.58 per basic and diluted share against GBP 695,867 or GBP 0.29 per basic and diluted share a year ago. Loss for the year attributable to owners of the parent was GBP 2,267,627 or GBP 0.58 per basic and diluted share against GBP 1,381,434 or GBP 0.58 per basic and diluted share a year ago. Net cash outflow from operating activities was GBP 2,606,305 against GBP 1,170,563 a year ago. Purchase of property, plant and equipment was GBP 132,045 against GBP 1,317 a year ago. Adjusted operating loss was GBP 1,166,000.

 

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