LGI - LGI Limited

[Dona Ferentes]

following the results on the 23/8, LGI has moved down from nudging $3 to trading in the region of, around $2.80.

and early in this month the WAM group announced they were no longer significant shareholders.

goes ex- dividend today, 1.3c

@debtfree Sept comp comment

 

[Dona Ferentes]

Many of LGI's landfill sites are owned by local government, who wanted to be on the front foot on environmental issues. “Local councils are looking to monetise what they have,” an analyst said.

One of the largest projects underway is at Eastern Creek in the western suburbs of Sydney, about 20 kilometres from where the second Sydney Airport will be located in Badgerys Creek. Earthworks have started and biogas infrastructure is in place at the site, owned by Bingo Industries.

The $18.5 million biogas project at Eastern Creek is earmarked to be fully up and running by the end of 2025-26. LGI chief executive Jarryd Doran said it will have the capacity to generate about 4 megawatts per hour, enough to power about 7500 homes.

LGI lifted net profit 4 per cent to $6.7 million in the 12 months to June 30, on revenue up 2 per cent to $30.8 million.

Mr Doran said the company makes money from three main avenues: it generates fees from operating landfill sites for owners; sells electricity into the grid; and earns income from Australian carbon credit units, mainly derived through installing gas flaring systems on landfill sites.
Producing energy from biogas means the company can time its release into the electricity grid, unlike solar and wind farms.
“We are generating all the time, but we can control the time of the day that we send it out to the market,” Mr Doran said.

The group has its eye on projects in other states where local councils are the main customers as they tend to own waste facilities.

 

[Dona Ferentes]

@debtfree Oct comp comment

not much news

YTD

 

[Dona Ferentes]

@debtfree Nov comp comment. (yeah, I know)

SOL on board as a 5 percent holder (not Pengana fundies or BKW)

 

[Dona Ferentes]

down 20c, to $2.80

H1 FY25 HIGHLIGHTS:
• Total revenue of $16.9 million, +7% versus prior corresponding period (H1 FY24: $15.9 million)
• Statutory and underlying EBITDA of $7.3 million, +3% versus pcp (H1 FY24: $7.0 million)
• Statutory and underlying EBIT of $4.2 million, -7% versus pcp (H1 FY24: $4.5 million)
• Statutory NPAT of $2.4 million, -22% versus pcp (H1FY24: $3.1 million)
• Landfill gas flows of 59.7 million cubic meters (Mm), +5% versus pcp (H1 FY24: 57.1 Mm)
• Renewable energy generation of 49,953 MWhs, +7% versus pcp (H1 FY24: 46,695 MWhs)
• ACCU creation of 227,334 units, +7% versus pcp (H1 FY24 212,888)
• Canberra power station successfully commissioned two additional 1MW generators exporting to the grid, a 50% increase in the power station capacity
• Interim dividend of 1.2 cents per share