News

January 29, 2009

Analyst Says That Alternative Power Supplier Alkane Energy Should See Revenue And Profits Firmly On The Up In 2009

No longer should Alkane Energy, the London AIM listed alternative energy company be considered a recovery stock. Alkane achieved first profits in 2007, after a difficult patch, when on turnover of £4.27 million pre-tax profits of £1.34 million were. Any doubts that the company would continue in the black throughout 2008, and doubts did exist given the volatility of oil and gas prices, can almost certainly now be dispelled.

The company is in closed season purdah just now and we will not know any precise figures until the prelims are released on March 19.  But one respected analyst has been trawling over the portents, and tells oilbarrel.com he is looking for turnover of around £5million for the year ending on December 31 2008 and a good, if unquantified rise in pre-tax profits

The “difficult patch” Alkane went through in the early 2000 has been extensively covered. It is worth revisiting now, however,...