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South Lanarkshire COALcil

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Coal in Scotland

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After SRG (Scottish Resources Group) pulled out of their IPO (initial public offerings, or stock market flotation) at the last minute in June, and seemed to be delaying until next year, the latest is that they’re putting off plans indefinitely because of value concerns.

Palmaris Capital, a major shareholder in SRG revealed that potential investors were “unwilling to attribute sufficient value” to its property and renewable energy activities, showing perhaps that despite the greenwash and rhetoric from SRG/Scottish Coal about their renewable operations, they really don’t amount to anything substantial.

Read the Herald article here.

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