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CAO Camco Intl

3.625
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Camco Intl LSE:CAO London Ordinary Share GB00B11FB960 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.625 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Camco International Share Discussion Threads

Showing 1451 to 1473 of 1650 messages
Chat Pages: 66  65  64  63  62  61  60  59  58  57  56  55  Older
DateSubjectAuthorDiscuss
12/4/2012
11:20
howdlep - theoretically you are correct the aim rules allow for an announcement by 30 June 2012. However, when a company sets a precedent by releasing results in feb/mar on an annual basis aim rules count for absolutely nothing! The results are late, that creates uncertainty and shareprice weakness - what skeletons are in the closet that prevent a timely announcement? I dont know, but the downward price is telling you something beyond carbon pricing!!
rat attack
12/4/2012
11:01
howdlep - 21 Mar'12 - 07:44 - 1188 of 1202 edit


rat attack et al,

There is no delay to the publication of results. Management can release them at any point up to and including 30 June 2012. They will include a forwarding looking outlook, which will include reference to the carbon credit market.

howdlep
04/4/2012
17:05
It is not so much the carbon price that is worrying here so much as the lack of any results!! Judging by the delay in releasing the results this can only point to something nasty in them - unfortunately always is with AIM stocks that dont release on time! Would be better if they had announced a release date - but no sign of even that!!
rat attack
04/4/2012
16:22
Does the carbon price drop mean that at some point Cao will trade at a big loss
from a big profit or can they get by close to break even while holding a cash
surplus way more than their market cap ?

27howard
03/4/2012
11:30
The Carbon Price has been decimated over the past couple of sessions. Unfortunately until that recovers in some sort of fashion Camco will remain unloved.
professor x
03/4/2012
11:20
I think the company should issue a statement, somebody has sold under 5p just now and the price is very weak, I'm glad I used a stop loss here but either there is
something very wrong or we are looking at the bargain of the century ?

27howard
30/3/2012
09:47
The balance sheet is the problem. At end December 2010 they had E31.7m of their balance sheet value (roughly half the value of the company) in carbon credits for delivery over the following 2.5 years, as I understand it. But it is almost impossible to fully understand the situation with this company, for example, some of those carbon credits may have been forward sold at a price prevailing in the past, some may be for sale in China / Far east at any price prevailing there, etc, and as far as I can see no one knows if carbon credits are "perishable", or can be stored until a better value can be obtained. But what we, and the market, do know, is that the price of carbon credits has dropped considerably since the balance sheet date for the 2010AR, so that that 31.7 million Euros might now be worth 10 or 15 million, when revalued for the 2011 balance sheet based on end December 11 carbon prices.

That is why I expect the "delayed" results people are grumbling about to be delayed to close to end of June, as explained in an earlier post.
Regards.

muckshifter
30/3/2012
08:23
I just dont get this, good company, well run, strong balance sheet and pulling in new bussiness, but still the price falls.

I guess we will have to wait for the results to trigger interest

ch1ck
21/3/2012
13:42
Ginger

See what you mean on INRE. Market cap is a bit small and there are some issues with a counter claim but the rest looks ok.


I will put in my monitor portfolio and wait for new flow and volume before making any move.


Thanks for the heads up

ch1ck
21/3/2012
13:35
Ginge


No whats the attraction? I'm guessing lots of money , no debt overlooked

Will check this out and let u know

ch1ck
21/3/2012
09:12
Ch1ck - yes, bought a few more of each of late. Have you looked at INRE / LMS?
gingerplant
21/3/2012
08:58
At last some news...better than no news...
diku
21/3/2012
08:38
Ginger

Just reading old posts and I see you are an invester like me seeing investment oppotunities in PVCS and CAO. Both are small well run companies in a select market with millions of cash on the balance sheet.

I am looking at 3 to 4 times return on both of these. Cable and Wireless is my latest stock to return on the investment upover 150% in one month.

Nice to see a true contrarian, keep the faith good budy

ch1ck
21/3/2012
08:16
the cash, including the the £4.5m from the sale of an asset (see RNS 16/1/12 covers the market cap. The challenge is simply to add further value by converting the carbon credits into yet more cash.
howdlep
21/3/2012
07:49
I fear the worst when one of my stocks issues good news as they always end
up down, that cannot happen here, not with all that cash ?

27howard
21/3/2012
07:44
rat attack et al,

There is no delay to the publication of results. Management can release them at any point up to and including 30 June 2012. They will include a forwarding looking outlook, which will include reference to the carbon credit market.

What is of relevence to me, is the excellent cash position and of course news of contract wins, as per the one in Tanzania this morning, worth USD1.1m to Camco.

On a risk/reward basis, CAO now represents an even better investment.

So is now the time for the pi to get back in?

Camco and Rex tender for Solar Programme

RNS
RNS Number : 7210Z
Camco International Ltd
21 March 2012



21 March 2012

Camco International Limited

('Camco')



Camco and Rex awarded Tender for Largest Solar Installation Programme in Tanzania



Companies form joint venture to bring renewable energy to rural Tanzania through the Millennium Challenge Corporation



· Camco and Rex have been awarded a USD $4.7 m contract to bring solar power to off-grid communities in rural Tanzania

· JV recognized as bidder with specialised capability to offer the required expertise set

· Project beneficiaries include schools, health centres and households



Camco International Limited (AIM: CAO), a global developer of clean energy projects and solutions to reduce greenhouse gas emissions and Rex Investment Ltd (RIL), a leading solar contractor based in Tanzania, are pleased to announce that their recently formed joint venture has won a tender, worth USD $4.7m, to distribute and install solar power systems in the rural Kigoma region of Tanzania.



The contract was awarded by the Millennium Challenge Corporation (MCC), a US foreign aid agency which operates in Tanzania as the Millennium Challenge Account - Tanzania (MCA-T). The Kigoma solar project is the largest of its type in Tanzania's history and will involve the installation of solar power at 45 secondary schools, 10 health centres, 120 dispensaries, municipal buildings and businesses across 25 village market centres currently without access to the electricity grid.



As part of the project Camco will also work to encourage households in the region to install small-scale solar home systems (SHS) by advising communities on the collective purchase and installation of systems in bulk, thereby achieving significant economies of scale. This mechanism, known as the 'PV Clusters' project format, is already being implemented by Camco in rural communities across the Lake Victoria region of Tanzania, announced in September last year.



Camco and RIL were successful in a public bid, emerging as the only bidder that combined the required forte in importing and distributing solar equipment. Rex is Tanzania's leading solar contractor and Camco is the market leader in rolling out solar home systems across Tanzania.



The contract, which is due to commence in May 2012 has a value to Camco of USD $1.1 million over its duration and attaches to the company no upfront cost. The remaining USD $3.6 million will be received by RIL and includes provision for the upfront equipment procurement costs linked to the contract.



Currently only 15% of Tanzania's population has access to electricity according to the country's Ministry of Energy and Minerals. Tanzania ranks amongst the world's top ten countries for solar irradiation and small-scale solar power installations of the type promoted under the Kigoma programme are expected to play an increasingly important role in meeting the growing energy demand of Tanzania's rural communities.



Implementation of the Kigoma project is expected to begin in May this year and is due for completion by July 2013. The project is part of the five-year Compact grant, extended to the United Republic of Tanzania by the Government of the United States of America through the Millennium Challenge Corporation (MCC) with the objective of reducing poverty and stimulating economic growth.



Jeff Felten, Managing Director, Camco Tanzania said: "We are delighted that the MCC has recognized the positive impact small-scale solar installations can have on rural off-grid communities in Tanzania. While industrialized countries are trying to rethink or refit their old coal-fired plants, much of Africa could potentially leapfrog that stage and move straight to renewable energy generation. The MCC's award of the Kigoma Solar Project to the joint venture partnership between Camco and RIL is an important validation of our unrivalled expertise and experience developing off-grid rural energy projects in Tanzania. In RIL we are pleased to have identified a strong contractor with which to partner and Camco looks forward to working together to further expand the market for solar energy use in Tanzania."



Francis Kibhisa, RIL's founder and Managing Director said: "The primary goal of the joint venture is to promote the use of solar PV by municipal organizations and commercial businesses in rural communities throughout Tanzania, many of which do not currently have access to the electricity grid. We hope to continue to work alongside Camco to expand the model implemented here and develop solar projects throughout Tanzania and beyond."



During the signing ceremony, MCA-T Chief Executive Officer, Mr. Bernard Mchomvu congratulated the joint venture for winning the tender following an international competitive procurement process and added "Successful implementation of the project will improve the economic and social well-being of the communities living in the targeted areas".





Notes to the editor

Camco International Limited (Camco, AIM: CAO) is a global developer of clean energy solutions and projects to reduce greenhouse gas emissions with operations in the US, the UK, China, Africa, Russia and SEA. Camco has a 20-year track record in project development, technical delivery and policy development, working with local industry, multinational companies, governments and regulatory bodies. The Carbon Project Development business has created one of the largest emission reductions portfolios and has structured ground breaking and innovative arrangements for the sale and delivery of emission reductions to compliance and voluntary buyers. Camco's Clean Energy Project Development and Investment teams collaborate with industry, project developers, equipment providers and investor groups to create emissions-to-energy projects and maximise sustainable energy production across a range of industries; including agricultural methane, industrial energy efficiency, coal mine methane, municipal solid waste, biomass and landfill gas. The Energy and Carbon Advisory teams provide strategic, commercial and technical expertise accrued over two decades to deliver low carbon energy and sustainable development solutions.

www.camcoglobal.com

howdlep
21/3/2012
07:22
Another great contract this morning,largest solar project in Tanzania.
battlebus2
18/3/2012
12:51
By the way, the other reason that I think they may be delaying publication of the results / write down for as long as reasonably possible, is that Camco may well be in the middle of negotiating finance arrangements for what sounded like quite a few of those animal waste to power projects in the US, and other projects no doubt, where the financial strength of the company ie. its asset base as published in the accounts, is an important factor in the negotiations.

We aren't told anything about their relationship with their bankers, and what that relationship is based on, either.
Regards.

muckshifter
16/3/2012
19:48
Not quite sure what point you are making rat attack. I made the point that the write down would be based on end of year values, ie 31/12/11, and am fully aware that any price recovery would not affect the actual annual results, but are you saying that they wouldn't bother to mention a substantial recovery of that write down in various parts of the annual results, if say they were released in June with a current carbon value that would, if sustained for a perhaps a couple of weeks until 30/6/12, recover much of the 2011AR write down?

When you say "not releasing accounts on time is poor management" are you saying that Camco have an obligation to release them before the AIM six month deadline?

And a question for anybody who really understands this company, which I've been unable to understand ( together with a few other things) from ARs: Am I right in assuming that Carbon credits have a "sell by" date, ie. if a credit is earned in 2012 does it have to be "spent" within that year? I understand that the credit can be pre-sold, but don't know if they are time limited.
Regards.

muckshifter
16/3/2012
17:59
As the accounts are year ending 31/12/11 it is irrelevant what happens to carbon price. That is the date which will be used for write downs!! If there is any difference in price between then and now it would be covered in a post balance sheet event note.

Not releasing accounts on time is poor management, simple as that!! What concerns me is not so much the lateness of accounts, but the Company's failure to respond to emails, it is inept and likely to lead to people jumping to wrong conclusions!!

rat attack
16/3/2012
17:51
Yes, but Camco have until end of June to produce the results under AIM rules, I believe, and it's my theory that they are hanging on to the 2011 results with the hope that something reasonably dramatic (in a positive sense) will happen in terms of the carbon price before then. If not, they have lost nothing by waiting, they will still have to show a huge write down of the value of their carbon credits based on the end of year value, but may have more evidence of success elsewhere, such as the US cattle waste to electricity schemes that are in the pipeline, more work in China, etc. to soften the blow.

On the other hand, if the carbon price did lift substantially before the results were published (and all sort of countries are setting up all sorts of schemes so anything is possible)they would be pleased to be able to point out that the write off would probably be at least partly written back in the half year results. That would take the sting out of the write down.
Regards.

muckshifter
16/3/2012
17:04
Last year final results came out Feb. 22nd?
dennis russell
16/3/2012
15:51
phowdo,1176, not specific to CAO, there have been a number of other old RNSs regurgitated in the last couple of weeks for other companies. Presume it is an ADVFN system glitch.
edale
Chat Pages: 66  65  64  63  62  61  60  59  58  57  56  55  Older

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