Camco International Share Discussion Threads

[battlebus2] 31/3/2011 08:30

Yeah always seems to be plenty of sellers even on great news.

[cwa1] 31/3/2011 08:30

Seems there is a seller about. Surprised to see this one still at these levels. Ah well, patience required I suppose.

[rivaldo] 31/3/2011 08:29

There's still some shares to get through battlebus2.

Bargain hunters can pick up 100k at 17.55p online at present, whilst you can sell 25k at 17.5p. A very tight range.

If I didn't have my holding already, the 17.55p shares would be particularly tempting as I doubt they'll last.

[battlebus2] 31/3/2011 08:00

17P a distant memory very soon. lol someday!

[battlebus2] 31/3/2011 07:43

Yeah a fantastic deal and as you say Riv a small start in a Chinese market which lags miles behind.

[rivaldo] 31/3/2011 07:34

This is a big deal.

It's CAO's "largest renewable carbon development agreement".

And Huaneng Renewables are "the third largest wind developer in China in terms of total wind installed capacity; and ranked the top in 2009 among the world's fifteen biggest players in wind power industry with respect to increased percentage in total installed capacity."

More agreements to follow in China?

Nice.

[divinausa1] 31/3/2011 07:20

Chinese Carbon Development Agreement

[divinausa1] 30/3/2011 23:57

yup only a 1mil sell at 16.5p though

i think a bit of end of year tax issues being cleared up before we head for blue sky, really like the experienced managment here and hot topic of carbons, i can see 20p soon and higher...

[hemel] 30/3/2011 13:48

no sellers left at 16.75 ... will anybody be tempted with a another farthing?

[rivaldo] 30/3/2011 13:37

Good to see a tick up. Overhang cleared?

[hemel] 30/3/2011 08:43

From another board...

"Broker Peel Hunt points out that carbon credit trading house, Camco (LSE:CAO) will see EUR 9m of value added to its carbon portfolio for every EUR 1 change in the carbon price"

So, compared to my back of envelope calculation above. The 27.6m tonnes for delivery post 2012 is not actually on the books yet and 6.7m of the 15.7m previously unsold has now been sold. That would leave 9m tonnes still unsold.

yesterdays closing prices

CER JUN11 settle was 12.86 euro
ERU JUN11 settle was 12.76 euro

[dr contrarian] 29/3/2011 13:01

Good site for Carbon news updates -

[hemel] 29/3/2011 12:48

answered my own question

For the period to 2012, it has the equivalent of 26m tonnes of carbon credits, of which 15.7m tonnes remain unsold

and 27.6m tonnes for delivery post 2012

so the NAV must have risen 43.3 (15.7+27.6) * 1.2 = 51.96M euro since 28th Feb

sweet

[hemel] 29/3/2011 12:25

on 28th Feb the prices were

CER JUN11 settle was 11.85 euro
ERU JUN11 settle was 11.78 euro

[hemel] 29/3/2011 12:21

From the Chairman's report in Feb
"While there has been recent press coverage of fraudulent trading in EUA allowances, this does not directly affect Camco, as we do not trade EUA allowances. Camco, as a carbon project developer, delivers from its projects, CERs or ERUs, which we can sell either OTC or spot."

I can't find the how many tonnes of of CERs and ERUs have - anyone else?

ICE Futures Europe is the leading global marketplace for trading carbon dioxide (CO2) emissions. Here are their numbers

CER JUN11 settle is 13.05 euro
ERU JUN11 settle is 12.95 euro

[rivaldo] 29/3/2011 09:15

Thx for the IC extract Hugepants. I'm surprised not to see CAO heading higher post-Budget.

Here's some news re Camco South Africa:



Extracts:

"The upcoming request for proposals (RFP) for the first round of renewable- energy feed-in tariffs(Refit) will include exacting selection criteria as government seeks to separate the "wheat from the chaff", in a context where far more interest has been shown by potential developers than the 1 025 MW on offer, a feed-in-tariff specialist argues.

But Camco MD Jonathan Curren adds that the winning bidders will be well positioned to earn above-average returns, owing to the fact that technology costs, as well as South Africa's currency, have moved in favour of developers since the tariffs were officially approved in 2009. However, they will still receive 20-year procurement contracts under the terms approved by the regulator....

.....Curren, who has participated in the design of feed-in-tariff regimes in a number of African countries, including South Africa, Uganda and Botswana, says that the high returns likely to be earned by the pioneer investors are arguably appropriate, given the level of risk these investors have taken, which has involved a material amount of predevelopment capital....."

[dr contrarian] 28/3/2011 09:02

28 Mar 11 09:59

Carbon up 1.7% as German election viewed as bullish

EUAs climbed above €17 early on Monday as a German regional election was viewed as a public referendum against low carbon nuclear generation

[hugepants] 27/3/2011 23:37

I dont have a copy of the IC article but here's the summary.

SHARE TIP SUMMARY:

Buy

In recent years, the Aim market has seen carbon development companies Econergy and EcoSecurities both taken over and Trading Emissions is in the process of liquidating its portfolio.

Of the remaining carbon companies, Leaf Clean Energy is almost solely focused on the US. So only Camco offers exposure to the growth potential of Asia.

Combine that scarcity value with the big discount to net assets at which its equity is valued and the shares look like a buy.

[battlebus2] 27/3/2011 17:48

WSKILL as i've said before this is my biggest holding and TRE is a punt with some relevence to Camco.

[manrobert] 27/3/2011 13:45

you may be right long term but think the fruits will come home earlier from tre25% profit likely within 6 months i would think and massive divs.

[wskill] 27/3/2011 12:32

As an investor looking for growth, CAO looks the better investment to me guys not pulling TRE down in any way just as I see it.

[manrobert] 27/3/2011 12:26

would be nice but 130 xd will do me.

[battlebus2] 27/3/2011 12:03

Yes manrobert i hold as well and hope to see £1.50.

[manrobert] 27/3/2011 08:31

trading emissions at current price of 115 are trading at a discount of 27% of nav which at end of march is 149.i hold and as they are realising their assets they look good to reach at least 130 and int div just increased by 400%.dyor.

[wskill] 26/3/2011 10:32

Looking at TRE results again they are trading at a discount of around 10% to the NAV there is no reason why CAO should not trade on a similar level which should give us a good rise in the share price anyalists are now talking of a carbon credit price of €35 its not impossible but where that would put the price of CAO I would not want to speculate.