UK 00:01 Monday, 9 November 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Renewable Energy Holdings (REH), already suspended from trading on AIM in November when the company lost a planning consent application, released an RNS entitled Amendment of Loan and Loan Facility. And in the true spirit of Christmas the following statement was buried in the text:
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Comments
DUCK AND DIVE
Nigel, the timing does seem sick but the loan maturity date was 31 December so they seem to have been between a rock and a hard place in terms of the calendar. It would also be fair to point out that Weir said in his 30 September interims (ie while the shares were still trading):
“If no further funding were to be available the Group would likely commence liquidation.”
So most sensible folk would have sold then, if not before. Today’s RNS was an expected formality – although they do seem to have a cat in hell’s chance if they can overturn the Government on a budget of 30p.
Commiserations to them and festive best wishes to you – with thanks for your excellent articles.
Nigel Somerville
D&D – Fair enough, I suppose, but since the loan has been extended to the end of March it reads as though there may be other reasons for possible insolvency! At any rate, I would have thought that this could have come out at pretty much any time (and yes, I agree the writing was on the wall) but mid-morning on Christmas Eve? Poor show, in my book.
Anyway as you say, commiserations to anyone left holding this particular baby.
And thank you for your excellent comments – always appreciated (even when if offering some ‘corrective’ advice).
Have a peaceful Christmas
RICHARD PRICE
What about the 8.53% of Carnegie Wave Energy AUSTRALIAN (ASX) SHARES HELD IN ESCROW ON BEHALF OF SHAREHOLDERS that should or would be distribuited to shareholders in aggregate according to their holding.