Cleantech Share Discussion Threads

[babbler] 09/7/2009 08:02

Last day of trading... buy more or wait for WTN? :p

[vizz] 06/7/2009 16:50

CBM and WTN are now twins, the only difference is that CBM wears short trousers!

[lefrene] 06/7/2009 16:11

A week on and ditto, and WTN have fallen out of bed too.

[arja] 29/6/2009 09:16

not sure why the sudden fall - maybe just profit taking and expecting WTN to fall in Canada later !

[pokerbrat] 26/6/2009 13:55

In the RNS WTN said this about the new company:

"With the coal assets in Western Canada, West Virginia and South
Wales (UK), the Company now has positioned itself as a global mid-tier coal
producer"

Anyone have any idea of other mid-tier coal producers which WTN will compare with after the merger?

[arja] 26/6/2009 09:51

thanks loafingchard. I like the WTN chart on canadian market and just bought CBM in the opening auction at 70 and sold soon after at 74 although could have got 76 or so if I had been more patient ! I will look to re=enter just before 2.30pm if dow futures holds as WTN could open strongly in Canada ! good luck and thanks again .

[loafingchard] 26/6/2009 09:32

Arja

you will receive 0.75 WTN shares for each CBM share you hold . Very pleasing figures for 2009 , I will be holding onto my shares in the NewCo. EPS of $1.14 - $1.17 is a great performance for 2009 .

Good luck all

[loafingchard] 26/6/2009 09:29

Agreed , they read well . Post merger this is gunna be a strong little outfit . Good to see the costs are down :

"With the stripping ratios in fiscal 2010 expected to be lower than in fiscal
2009, cash costs are expected to be approximately C$110 to C$115 per tonne."

A PE ratio of under 2 :

"Net income for the fourth quarter of fiscal 2009 was $47.6
million or earnings per share of $0.23, on a basic and diluted basis. For the
year ended March 31, 2009, the Company earned net income of $214.5 million or
earnings per share of $1.17 and $1.14 on basic and diluted basis, respectively."

[arja] 26/6/2009 09:28

sorry, I meant WTN and not CDN ! I also dabble in CDN which has a nice looking chart - off topic.

[arja] 26/6/2009 09:25

can someone tell me if, after the merger, CBM shareholders will hold shares in CDN with it's illiquidity and wide spread at times ? Or will it be renamed ?

[lizzie ii] 26/6/2009 08:15

Really good results from WTN today. WTN, and therefore CBM, should have a good day.

[waggle] 25/6/2009 23:08

it wasn't a difficult decision to take the sweeties from the MM's today..long may they persist in allowing the discount post deal on both sides. i simply cannot see the reason for its existence any longer??any comments??

[lizzie ii] 24/6/2009 21:31

I also stand to be corrected, given the WTN nod-through happened today, Wednesday, and not tomorrow, Thursday.

So just down to the Court to rubber stamp the arrangement.

[phil0001] 24/6/2009 18:39

Approval from WTN shareholders announced. :0)

P1

[loafingchard] 24/6/2009 16:27

I stand corrected , thank you Lizzie .

[lizzie ii] 23/6/2009 18:58

Not quite all agreed. The WTN shareholders need to nod this through on Thursday, and then the Court has to (formally) give its consent.

[loafingchard] 23/6/2009 15:32

Its all agreed then :



all change on the 14th July


Good luck all

[baht] 23/6/2009 11:45

Board Meeting today and looks like we are finally going to be sold down the river, with CBM being given away for a song.

Recent note received from one of my accounts reads "The company has recently announced a recommended offer by Western Canadian Coal for the entire issued and to be issued share capital. The proposal is to be effected by way of a scheme of arrangement which is subject to shareholder approval at the general meeting to be held on 23rd June 2009.

Under the terms of the Scheme, shareholders will receive 0.75 common shares in Western Canadian Coal for each Cambrian Mining Ordinary GBP0.20 Share held.

You will receive your Western Canadian Coal Shares which will be credited to your account on or around 14th July 2009.

There is no need for you to take any action. Your portfolio will be amended to reflect this change."

[baht] 22/6/2009 11:59

Bushtuckaman this posting from Xtr also of interest:

jgflynn - 22 Jun'09 - 00:37 - 501 of 595 - Just noticed that the Lysander/Elko deal if on track is due to complete by the end of June so we won't be short of news from Xtract. Since the deal was announced the Lysander share price has reacted negatively and the share price has gone down significantly. Perhaps due to the dilution from the deal. I appreciate this deal is good from Xtract viewpoint as it puts a value on the Elko stake, gives stakes across Lysander other assets and provide Xtract with a more liquid asset.

I noticed that a director of Lysander John Conlon is also a director of Western Canadian Coal Corp., Cambrian Mining and Xtract Energy so like most of Xtract's dealings it is fairly incestuous.

[bushtuckaman] 22/6/2009 10:47

Nice rise in XTR this morning on the back of the news below. All the more galling that the shares didnt't get distrubuted to CBM holders. I wonder if they will be distributed to WTN holders once merger is complete.

[rs2ooo] 20/6/2009 02:13

Hi all.

Not been around much lately as I've had interests elsewhere (Learning day trading). Would you believe that I got a quote for 20k more CBM shares a month ago with TDW and they wanted 31.5p each for them.

I thought, I'm not paying that when the mid is only 28.75p so I left it. Next day they quoted me 38p and I thought, sod that, I'll wait for a dip!

Thing is, we all knew under 25p was cheap and most of us didn't bother, even when eeny was telling us on WTN that his charts had finally come up with a buy signal.

Despite Papillon being pulled up in the past for involving his emotions too much, he's seemingly done pretty damn well out of CBM and WTN.

Anyway, hope you are all well and may I suggest keeping an eye on the Dollar index and Crude and possibly even Gold, all of which currently have great influence and correlation with Coal, albeit rather complex to fathom right now.

[pbracken] 16/6/2009 17:03

I'm going off topic for a moment, but given the fraternity of savvy investors who populate this board I thought I'd bring to your attention a stock on its knees, one that almost didn't make it, and which has yet to demonstrate it is over the worst.

I should also declare an interest. I have recently acquired a six figure holding (for around 11.5p a share). So take my comments in the light of a buyer who, by definition, has been persuaded by the positives.

The company is called Sovereign Oil Group (SOGP). It provides products for the oil sector. It has just returned from a 9 month suspension. It was suspended whilst it renegotiated and restructured its debt. I was surprised that it pulled through, but pull through it did and it is some achievement.

It's bankers agreed a significant reduction in interest charges for one primary reason: the quality of the cash flow, which despite the downturn, has remained robust. There were a few other conditions - notably the sale of the loss making drilling company called DDS and a couple of peripheral businesses. These sales were achieved, and net debt has come down from c£33m to around £25m. More importantly, the interest bill has been reduced by more than £3m a year.

The market cap of the business is valuing the equity at virtually nothing (£2m). But at the EBITDA level, the business is likely to see at least £7.5m in the current FY. That puts the EV on a very undemanding ratio. That's especially true in the light of the resurgence in the oil services sector following the recent doubling in the price of crude.

The company will turnover around £75m in 2009/2010 (allowing for discontinued operations) and on reasonable assumptions is, today, probably worth three times its current market valuation. At 100p a share, the market cap would only be £17.3m. With plans afoot to reduce debt levels further, the investment case is, at least, interesting

It's a tightly held share - there are only 17.3m shares in issue, and the management owns well over 60% of them.

Make no mistake, this is a recovery play and buyers of the stock are betting on a recovery in the oil services sector. But two things have happened recently that make this a safe bet. One, oil is likely to stabilse in excess of $55 a barrel and, two, the cost of hiring rigs has fallen heavily recently, which is making exploration activity interesting again. This means that the demand for products that go with the rigs that explore and extract the black stuff is already on the rise, and this is precisely the market that SOGP is in.

I have no idea if a modest £11.5K investment today will be worth £100K in 2 years. But my expectations are that it will be.

As ever, DYOR.

Edit: I should also add that I will be adding to my position tomorrow. I say this because my activity may shift the market, and I don't want others to assume this is part of a wider sentiment change.

[crawford] 16/6/2009 15:49

cheers loafingchard,
I am thinking along the same lines as you, commodities are a great hedge against inflation.

[loafingchard] 16/6/2009 15:25

crawford - 15 Jun'09 - 15:57 - 15508 of 15511

WTN holding up very well on the Canadian exchange, the fall here is overdone.


Good call crawford , CBM playing catch up now . Now will we consolidate , break the recent high or drop back to test support . Answers on a post card please . Not that it makes any difference to me , I will continue to hold after the merger as an inflation play .

GLA