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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Contour Global - Owner of power plants growing aggressively through acquisitions

September 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • GLO
  • Price:
  • 207p
Evidence that the green revolution is truly upon us is shown by a report from the International Energy Agency, which found that solar, wind and hydropower projects are rolling out at their fastest rate in four years and by 2024, renewable electricity is expected to grow by 1,200 GW, equivalent to the whole electricity capacity of the USA! One power company at the forefront of this growth is Contour Global, which owns and operates a large portfolio of renewable and thermal power plants around the world. The company floated in November 2017 at 250p, raising net proceeds of £281m and initially hit a high of 300p but recently succumbed to the Covid-19 whirlpool, which sent them to a low of 135p before a recovery to the current 207p. Th ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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