Most followed: Merlin Entertainments, RBS, Wasabi Energy, Premier African Minerals
By Jamie Nimmo, October 21 2013, Proactive
On the small cap side of things, Wasabi Energy (LON:WAS) shares continued to power up after Thursday’s announcement that it could bag more than A$70mln from a Turkish geothermal project.
Plans to expand the Tuzla Geothermal Power Project were validated by an impressive set of numbers from a pre-feasibility study.
It showed an indicative net present value (NPV) of A$142 million, an internal rate of return (IRR) of 57% and EBITDA (underlying earnings) of A$19.6mln.
Wasabi is hoping to generate 25 megawatts by 2015, but Tuzla could power up to 18.5 MW on its own.
China meanwhile has the potential to generate as much as 100 MW for the company, making its 25 MW target look somewhat conservative.
After an impressive rise over in Australia, where its shares are also listed, Wasabi jumped 20% in London to around 0.45p, with 33mln shares changing hands before midday.
Most followed: Merlin Entertainments, RBS, Wasabi Energy,...
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