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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cleantech Building Materials | CBM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.875 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.875 | 7.875 |
| Top Posts |
|---|
Posted at 19/2/2015 16:11 by skier100 A beautiful +160% rise today for CBM.A great cleantech play, and a chance to get in at ground level. |
Posted at 19/2/2015 15:59 by skier100 Err, the worldwide cleantech market is worth around $250 billion in 2015 -- a quarter of a trillion.Recycling, green energy, etc. are among the "big 10" issues facing all of humanity. Cleantech is a high-growth, high-revenue, high-profit market to be in for CBM. |
Posted at 19/2/2015 14:06 by skier100 It is a cleantech shell.Their AIM admission releases have the details. CBM is Cleantech. CMB is Cambria Africa. |
Posted at 09/5/2012 13:33 by lucky_punter Shale has turned the US gas market on its head in the space of a few years.Coal bed methane (CBM) is a less well-known form of natural gas. It is already used extensively in Australia and Asia and advocates say it can do the same for the energy supply in the UK as shale has for the US. So what exactly is coal bed methane? |
Posted at 10/7/2009 09:44 by pbracken You know kooba, I've followed this stock pretty closely and CBM did some very good things. It ploughed milions into WTN having made many millions from the sale of its stake in the now called GCM. It invested in CLN to ensure that became a going concern. And it supported the launch the gem called EBG. It's single biggest mistake was not selling it's stake in WTN at the peak, I grant you. But let's face it, the precipitous decline in the pricing of commodities caught everyone on the hop, not just CBM - so that criticism is widely shared.The vagaries of the stock market are legendary. No management team can really control them. I mean, CBM was close to 10p and WTN 20p not three months ago and then both sailed much, much higher. The managament didn't cause that - changes in the wider economic sentiment did. I never blame management for investments that turn ugly. I just blame myself. |
Posted at 25/5/2009 12:43 by vizz Hi Assagai, I have been in a non-epoxy state for a couple years because of changed market conditions. There are good reasons for a lower CBM share price relative to WTN, the first in queue being that the merger terms must be ratified by a vote on 23 June (simple shareholder majority, but 75% of value), which looks favourable to pass muster though not a dead cert. Beside that there is the normal matter of investors agreeing the value of combined assets and its sector in such an unstable market atmosphere, plus the restricted trading period. As to the latter, CBM is now effectively WTN, a TSE listed stock whose Canadian trading hours coincide with only 2 hrs of the LSE daily opening period, leaving UK punters in pondering limbo most of the time. All these factors combine with the result being some share price cushion of safety by CBM holders.EDIT: CBM shareholders require 75% approval by number. |
Posted at 04/5/2009 22:40 by papillon steeplejack, you're right to be cynical. I did mention last week the possibility, because of the dramatic increase in the WTN share price over the last month or so, that the powers that be at CBM/WTN (Audley!!) might now consider the possibilty that CBM can continue as an indepedent entity. The value of CBM's listed assets (£63m for WTN alone) could enable them to re-finance their debt. I think the action of the CBM share price over the next few days should enable us to determine whether the bid will go ahead and on the proposed terms. As kooba has mentioned we could be in for a big rise tomorrow morning since the proposed bid currently values CBM at 66p. |
Posted at 17/4/2009 13:08 by papillon No firm offer has yet been made by WTN for CBM; its still only a proposal after almost 4 months!! If one looks at the current CBM share price it looks like it is made up almost entirely of its WTN stake, as invariably seems to be the case. There seems to be no bid premium built into the CBM share price The value of CBM's WTN stake is circa 22p per share. Take off a 20% discount gives 18p. That gives a value of around 6p to CBM's other interests (100% CLN, 100% AGD, 50% EBG and 43% XTR) minus debts (convertible loan and WTN loan). |
Posted at 02/4/2009 19:58 by vizz Pap - Your outlook is too emotional to ever be a successful investor, other than to benefit from occasional flukes of luck by being in the right place at the right time. Your distraction with my writing style is further testament of your emotional being, when your focus should only be on content. My excuse is that for over two decades I was paid to give advice in this manner and I'm too old to bother about changing.You're correct in that I sold a fair chunk of CBM at 12p (17 Mar), but are not aware that I replaced most the next day at only the loss of the spread and have been trading CBM on almost a daily basis ever since. It's always wise to hang loose like a long-legged goose! As to my not being pessimistic enough about the market last summer for you to have taken notice and sold, my view then seems clear as the link below should show. My intention is not to persuade others to my point of view, but that others take full account of the facts when making their own decisions. Although I concluded a quite negative message with a positive footnote of CBM, I held the concern that broader market conditions might rule over CBM. The latter proved the case (and still does) since soon after CBM's share price began its fall from 250p to its current level. My previous post today was directed at the overall market in which CBM is just one company under its influence - take from that as little or as much as you wish. |
Posted at 27/3/2009 20:43 by papillon Whacking great discount still. WTN closed at 82c on TSE. Equals 46p. 0.75x46p=34.5p. CBM currently trading at 11.5p below offer. Its looks a steal unless WTN share price crashes and/or merger terms are changed (which is possible since no firm offer has yet been made by WTN and terms can be varied even if a firm offer is made). WTN are definitely taking their time over a firm offer; especially since the CBM US$27m conv loan has to be re-paid by the 23/5/2009, which is only 8 weeks away. Short term debts of US$32m (re-payable to WTN within 90 days if merger fails) and US$27m (re-payable by 23/5/2009) definitely mean that CBM has limited room for manoeuvre. Total short term debt is US$59m (around £41m, the weakness of the £ hasn't helped CBM). In the event of the merger not going ahead CBM's listed equity investments are currently worth £49m (£33m for WTN, £13m for EBG and £3m for XTR) and their sale would more than cover the debt but would CBM find buyers for these large stakes in these troubled times at short notice? How much extra cash has CBM since generated in addition to the £2m cash stated at 30/6/08? I still think the merger will go ahead because I dont suppose that WTN would fancy a 3rd party picking up 72.3m of its shares at a knock down price so there are benefits for both companies in the merger. Also the big imponderable is how much cash CBM has generated since 30/6/2008? It might now have enough cash to make a sizeable dent in its borrowings; who knows? If one takes account of debt, the conv loan to WTN of C$29m, the listed value of the stakes in WTN, EBG and XTR then WTN is currently paying £22m for CBM's unlisted investments (Atlantic Coal and AGD). This would reduce to £20 (£2m CBM cash at 30/6/2008) and be further reduced by the cash generated by CBM since 30/6/2008. |
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