MIDAS SHARE TIPS: India’s Mytrah Energy wind farms are well placed to turn …

MIDAS SHARE TIPS: India’s Mytrah Energy wind farms are well placed to turn …
News from This is Money:

By Joanne Hart


Mytrah Energy listed on the Alternative Investment Market on October 12, 2010 at 115p. At the time it had no assets. Today it is the second largest independent wind power company in India, with contracts in place to sell electricity for the next 20 years.

Wind turbines may be controversial in Britain but India is sufficiently large that farms can be built without seriously damaging the beauty of the countryside.

Mytrah is already making money and profits are expected to soar over the next few years. Yet the shares have fallen to 74½p. At this price they are a bargain.

Wind of change: Turbines are less controversial in India than in the UK

Mytrah was founded by two successful entrepreneurs, Ravi Kailas and Alastair Cade. Kailas has already built and sold two companies in India. Cade co-founded London stockbroker Daniel Stewart.

A couple of years…………… continues on This is Money

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Finance Top 10 Tips For Investors
News from Gulf Business News:

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Aarti Nagraj
8 hours ago

The number of high net worth individuals (HNWI) in the Middle East increased 2.7 per cent in 2011 to reach half a million, according to the World Wealth Report 2012 released by Capgemini and RBC Wealth Management. Wealth in the region also rose by 0.7 per cent to $ 1.7 trillion.

“The growth rate for the Middle East’s HNWI population was robust when compared to other regions and it was the only region where HNWI wealth increased,” said the report.

The increase in wealth is not surprising, considering that regional economies are posting strong growth rates – IMF’s latest report projects that real GDP growth in the GCC…………… continues on Gulf Business News

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