Commoditrade Share Discussion Threads

[a2584728] 22/2/2010 13:38

I have just been told that there maybe a very bullish trading statement soon. DYOR

[sheeneqa] 19/2/2010 12:15

sheeneqa - 4 Apr'08 - 12:19 - 1976 of 2436 edit


bonuses,options,jobs for the boys...... personal piggy bank...
barge pole comes to mind.........

[a2584728] 18/2/2010 08:07

You aint kidding

[m w] 17/2/2010 18:13

This is getting really painfull

[amelio] 20/1/2010 17:03

Thanks - I consider myself a poet on occasions.

I still hold.

[kooba] 20/1/2010 17:01

nice analysis so i suppose you've just dumped?

[amelio] 20/1/2010 16:58

I've had a few quid stuck in this for a while now and have finally arrived (albeit it a few years too late) at the conclusion that this company is an utter pile of w*nk.

[kooba] 16/1/2010 14:49

with regard to the core business the ceo was correct about lme volumes unsurprisingly however 2009 only just behind 2008 in the end!

march 23 09.David Phipps, Chief Executive of Commidtrade said that he expected LME volumes to remain lower in 2009 compared to 2008:
"Our core LME base metals franchise remains strong and although we anticipate that total LME volumes are likely to be lower in 2009 than last year we believe the changes we have made will enhance and increase revenue flows during the year.

jan 15th 2010
London Metal Exchange hits second highest trading volume in 2009


LONDON, Jan. 15 (Xinhua) -- The London Metal Exchange (LME) hit the second highest trading volume in its history in 2009, according to the annual trading figures released on Friday.

The LME trade volume achieved 111.9 million lots in 2009, equivalent to 2.57 billion tons with a notional value of 7.41 trillion U.S. dollars, down a modest 1 percent on 2008's record 113.2 million lots.

Trading on aluminium, copper and zinc were again the three largest contracts by volume, with 49.7 million, 26.5 million and 16.6 million lots, respectively.

Steel Mediterranean billet futures showed strong growth, ending with a total of more than 30,000 contracts in 2009, up 133 percent than the figure of 2008.

Martin Abbott, LME Chief Executive, said that "2009 was a difficult year in the broader market as the recession affected both production and consumption of many raw materials."

"After a record year in 2008, where volumes increased 22 percent, the LME has again proved itself a resilient and strong exchange with a sound global reputation as an efficient market," said Abbott.

[kooba] 16/1/2010 14:22

as well as this piece from may on broking .problem is as shareholders there is just no news of these developments,nothing on fund management or specifics of diversification in brokerage at all in sept int statement seems the new guy happier to chat to bloomberg than his own shareholders...but either way where are we with all this talk has an energy fund been launched are we getting brokerage revenues from other sources than metals?
from bloomberg
Energy Brokerage

Commoditrade aims to start a brokerage service for energy as well as emissions and agricultural products including coffee, cocoa and sugar, said Phipps. He headed ABN Amro's commodities team for almost 10 years until UBS bought the bank's futures business in October 2006, after which he was co-head of commodities at UBS through January 2008.

Commoditrade went public in London in 2005. The shares rose 0.25 penny, or 3.3 percent, to 7.75 pence at 12:33 p.m. local time today, giving the company a market value of 27 million pounds, and have added 35 percent this year. London-based BlueCrest Capital Management Ltd., which oversees about $12 billion, is the main investor with a 27 percent stake.

[kooba] 16/1/2010 14:08

also found this from the summer..again not disclosed by company directly other than to say they would be entering the energy markets.
seems to me we are trying to morph into a commodities group of hedge funds under the name mentum group which would be pretty exciting...it would just be nice to be told as shareholders what we are holding and what the strategy is.
told we will have an update in feb ahead of close period...hoping for some clarity.


Commoditrade To Launch Energy Hedge Fund

Fresh from buying its first hedge fund, Commoditrade Inc. is planning to launch a second.

The Cayman Islands-based firm will offer an energy hedge fund in the fourth quarter, Bloomberg News reports. It is not alone in rushing to the space, which is recovering from one of its worth-ever slumps: Galena Asset Management launched an energy hedge fund this month, while former Vitol Group trader Andrew Serotta plans a $100 million oil fund.

Commoditrade's fund will employ the relative-value strategy used by the AMCO Commodity Fund, the $70 million industrial metals hedge fund the firm bought in February.

"Energy is the largest commodity market, with a significant number of products that suit a relative-value strategy," Commoditrade CEO David Phipps told Bloomberg. "It has good overlap with other markets-for example, with biofuels and sugar."

Commoditrade has added traders Kristofer Tremaine, formerly of Hess Energy Trading, and Chetan Shah, formerly of Credit Suisse, to manage the new fund. Eventually, they will be joined by other traders that Commoditrade plans to hire for the fund.

[kooba] 16/1/2010 11:39

perhaps KOCH supply and trading?overlap in metals and we are apparently entering the energy markets...what are you hearing?


Trading
With more than four decades of experience, Koch companies have interests in and access to major international trading regions in the United States, Europe, Asia and the Middle East.

[a2584728] 14/1/2010 11:31

The name KOCK keeps been mentioned in conversations regarding CMM, anyone know anything.

[kooba] 12/1/2010 17:09

i too have been adding as i believe that going on all the publicly available information co should have had a stronger and profitable second half,and since at the full year stated co would be seeing additional revenue flow from diversified streams commencing in the 3rd quarter then at the interims stating the same for the 4th quarter as we would be entering the energy markets...we should have some newsflow on the company's prolonged efforts at bringing in new revenue streams from other commodity areas,we also will have a contribution from our fund management operation amco though the website there seems to indicate a name change and a new site being constructed

AMCO Commodities
www.amcofund.com Commodity fund specialising in LME base metals

sends you on to mentumgroup...so they are up to something..if only they would tell shareholders what!!

we really need an update before the annual results due in march to clarify how the stated diversification strategy is progressing and also to update on the trading in the second half as it must have been such a volatile year it's the least we should get in the way of communication.

[waldof] 12/1/2010 16:46

I share your frustration A258etc but really do feel the worst is now behind us, and that possibly the shares are an attractive buy at these levels.
Have been picking them up.

[a2584728] 12/1/2010 15:48

Interesting volume, might see some 2 way trade at some point for the pigs to sell into.

[a2584728] 11/1/2010 12:04

No Waldorf I still have quite sa few and did in fact nick some at 4.5, I still think the management are useless though.

[kooba] 09/1/2010 20:14

ft market report.
"Commoditrade, a commodities investment group that has an interest in one of the largest trading teams on the London Metals Exchange, rose 9.1 per cent to 4½p after an overhang of 4.5m shares was cleared.

Traders reckon the company should have benefited from the recent rise in the copper price to a 16-month high."

[waldof] 08/1/2010 13:47

...and they have placed the 8mill already.
I could only get 75k at 4.25p........and am waiting for the rest to be filled!!

How quickly things can change........cheer up A25

[waldof] 08/1/2010 13:06

Thats A258etc out of the way then! (i jest)

[kooba] 08/1/2010 12:55

with a better second half and the normally strong cash generative nature of the business there could be well in excess of $10m cash on the balance sheet at the year end since they already had $8.5m at half year.
we need some news confirming trading improvement in the metals op's and moves into new markets as intimated in both the full year and interim statements and these could be a big performer short term.