Merrill Lynch New Energy Tech Share Discussion Threads

[davidlloyd] 21/1/2008 14:19

What's with all the 50 share trades.....manic.

DL

[mad jack mcmad] 21/1/2008 13:39

US markets closed today - Martin Luther King day

[cyberbub] 21/1/2008 12:08

what a nightmare, and with the Dow predicted to drop sharply today it will go even lower i think.

i wish i had more funds to top up!

[cher price] 21/1/2008 07:37

Recent falls in top holding American Semiconductor, FPL Group and Q-Cells probably responsible for drop. Hopefully, these have just about reached support levels.

[gsands] 18/1/2008 10:21

I was worried that I'd got the wrong chart for Iberdrola, but this answers my question:

Portfolio ActivityWe took profits in some of our more expensive solar holdings and we
participated in the IPO of Iberdrola Renovables.

[gsands] 18/1/2008 10:17

Garth,

Very good points. Looking at the chart above one can clearly see the sharp market corrections of May 2006 and July/August 2007. This is just the latest in the series.

Importantly though, the fund continues to trend up with higher highs and higher lows.

In fact recently when the S&P 500 could not manage a higher high, MNE did. This is a positive display of relative strength.

I am looking to add very soon.

[praipus] 18/1/2008 09:49

Thanks Garth, bit dissapointed the company didnt use this chart in their annual report. Reality checks are very important for Investment Managers and private investors IMHO.

[garth] 18/1/2008 07:23

GSands,

Thanks for the work with the charts. I've just added the link to my old thread header (which I still use at times to reference changes to top 10 holdings). Perhaps Wiganer could do the same here if he is still around?

I suggest folks consider the chart for the period of MNE's existence and put recent falls in context. When the markets rock, so does this. Many new energy companies are on significant price earnings multiples and, while long term this has got be a pretty safe investment theme, short term reality checks still need to be made.



IMO.

G.

[gsands] 17/1/2008 23:44

I have placed all the charts on this thread. Hopefully they will update from day to day.



I am not sure about the chart I have for Iberdrola Renovables Spain. It seems to be a new listing and I'm not sure if that is right?

[cyberbub] 17/1/2008 23:18

It is just the general sell-off, it might continue to fall for a little while yet but the medium-term value of the sector is very strong.

[cher price] 17/1/2008 23:13

Here are the charts for the top 6 holdings:


free stock charts from www.advfn.com


free stock charts from www.advfn.com




free stock charts from www.advfn.com


free stock charts from www.advfn.com


free stock charts from www.advfn.com

[cher price] 17/1/2008 22:59

For reference, MNE's top 10 holdings:

AMERICAN SUPERCONDUCTOR CORP
CLIPPER WINDPOWER
FPL GROUP INC
GAMESA CORPORACION TECNOLOGICA SA
IBERDROLA SA
Q-CELLS AG
SOLAR WORLD AG
SUZLON ENERGY LIMITED
TREASURY 5% STK 2008
VESTAS WIND SYSTEMS

[cyberbub] 17/1/2008 22:27

I suppose that anything with the name Merrill Lynch is bound to get even more of a kicking than it deserves at the minute.

[gsands] 17/1/2008 22:21

Cyberbub,

You're looking too deep. Just look at the chart above and tell me how MNE's holding could not have fallen in unison?

Worrys about expanding the fund and Merrill financial problems as a business are wide of the mark.

[cher price] 17/1/2008 22:18

"Jan. 17, 2008, 1:53PM
Merril Lynch absorbs record $10 billion loss

Associated Press

NEW YORK
Merrill Lynch & Co. today recorded its biggest quarterly loss since being founded 94 years ago after the world's largest brokerage took almost $15 billion worth of write-downs from bad subprime mortgage bets."

How close are the financial ties between Merrill Lynch & Co and Merrill Lynch New Energy Technology PLC?

[gsands] 17/1/2008 22:16

Well look at the US market where most of MNE's holdings are listed.

It's quite obvious why MNE has been falling so hard:

[cyberbub] 17/1/2008 22:14

Can anyone tell us more about the share issue?! How many, what price etc.

Depressing drop in recent days. But the medium-term prospects must still be good!

[cher price] 17/1/2008 22:03

New share issue combined with bad debts incurred by Merrill Lynch US division and gloomy economy prospects, credit squeeze and inflation all taking its toll.
I thought I had done well to buy back in below 70p. If this goes under 60p, I'll buy some more!

[gsands] 17/1/2008 15:28

This action is a bit too straight down for my liking.

[cyberbub] 16/1/2008 18:12

Has anyone got any further update on the new share issue?