Camco International Share Discussion Threads

[battlebus2] 18/4/2011 07:34

Yes as expected a fantastic update. Post 2012 up 33%.

[rivaldo] 18/4/2011 07:26

RNS - and it's a wow at first look. Terrific stuff :o))



"Carbon Project Development Update 31 March 2011

Camco, a global developer of emission reductions and clean energy projects, is pleased to provide the following carbon project development update as at 31 March 2011.

Portfolio Highlights

- Carbon tonnes in Portfolio (compared to last update 30 Sept 10):

o Pre 2012 in specie 26.6 million (3% increase)

o Post 2012 in specie 36.2 million (33% increase)

- Progress:

o In specie portfolio registered 2.7 million tonne increase on 30 Sept 10 (13% increase)

o Total 70% Pre 2012 in specie portfolio now registered

- Delivery: 3.4 million tonnes delivered in Q1 2011 (26% increase on Q4 2010 last update)

Carbon Price

- EU-ETS eligible emission reductions as at 31 Mar 11 were trading with a forward curve for CERs starting at €13 per tonne for Dec-2011 delivery, increasing to €17 per tonne for Dec-2020 delivery; on average forward contracts prices are up 19% over the quarter*

- Camco's weighted average purchase price remains stable at €8.58 per tonne for future delivery of the pre-2012 portfolio.....

.....Camco derives value from its portfolio by selling credits before delivery on a non-guaranteed basis or spot selling credits as they deliver. The increase in portfolio volumes means Camco is due to receive a greater number of carbon credits from projects. Projects that are registered and have an operational track record can be forward sold for a higher price relative to the market. Camco derives its margin from the difference between its forward sales or delivery price and its purchase price for its In Specie portfolio. For Revenue share portfolio Camco receives a commission on the sale of tonnes.

The substantial increase in the percentage of projects registered demonstrates Camco's continued technical and qualification success as well as reflecting increased efficacy and transparency in the UN qualification process.

* ICE launched trade in futures for delivery from Dec 2013 to Dec 2020 on 24 January 2011

1 The EU has confirmed Camco's project types are eligible for compliance purposes in the EU-ETS 2013-2020 period. Camco's projects are expected to be registered prior to 31 Dec 12 and as such eligible for the 2013-2020 EU-ETS period.

2Camco has agreed sales for a further 4.6 million of these credits but will transfer title and receive payment upon delivery. Camco has continued to commercialise credits in the market over the past 6 months as they have progressed through development stages.

3 In addition to contracts for predicted 36.2 million tonnes, Camco holds signed contracts with a number of terms yet to be defined for up to a further predicted 27.6 million tonnes.

Scott McGregor, Camco CEO, said:

"Camco has seen an excellent start to the new year with growth in both our Pre 2012 and Post 2012 portfolio volumes, a remarkable success for our origination business. The increasing forward price curve provides good prospects.""

[hemel] 16/4/2011 12:08

Last Update: Apr 15
EURICE DAILY CER INDEX
+2.036%
VALUE: 13.530

still creeping up!

[5dally] 15/4/2011 15:43

Thanks for that rivaldo :-)

[rivaldo] 15/4/2011 15:41

News FYI - subscription-only though:



"Consultants launch carbon data checking service‎
ENDS Report (subscription) - 1 day ago

Consultants approved to offer the service in the UK by the CDP include Logica, Adas, Atkins, Camco and Sustain. The service includes a review of the CDP ..."

[cwa1] 15/4/2011 14:19

Well, just a few words before you do anything! ALL brokers have their problems, that's why I use a few for different things. Selftrade went through a dreadful period where they could do nothing right and were, frankly, useless and a liability. They are a bit better and more stable at the moment but I certainly wouldn't give any guarantees on them! They do however get the best prices and sizes currently on stocks on the whole as far as I'm concerned. A bit off topic but does anyone think differently?

[hemel] 15/4/2011 14:08

I agree with you CWA1 about Fastrade. Very disappointing on size and price. It has cost me missed opportunities in the past. Time to move on methinks.

[cwa1] 15/4/2011 13:58

That was one of the reasons for me leaving Fastrade a few years ago. Selftrade almost always offered better prices and again, almost always, better sizes in trades as well. I was always having to phone them to get any kind of size or try to improve the price.

[hemel] 15/4/2011 13:35

Thanks peeps.

Fastrade keep quoting 17.65

I'll pass on that for now

[cwa1] 15/4/2011 13:27

FWIW I am being offered 250,000 at 17.38p online at the moment thro' Selftrade. Plenty of stock about it seems. Can sell 100K at 17p.

[wskill] 15/4/2011 13:26

Just tried with BARX 10k offered at 17.38p.

[cwa1] 15/4/2011 13:24

5 vs 1 at moment. PLHC are showing 20,000 on the offer at 17.75p and have been there since 11.31.

[hemel] 15/4/2011 13:14

anyone with level 2? What can I buy at online? I tried 10k and they were offered at 17.65. Is this the best I can get them at?

[aishah] 15/4/2011 13:09

Chunky trades today

[aishah] 14/4/2011 18:44

Singer will bring new investors too hopefully.

[wskill] 14/4/2011 13:51

Looking forward to a new brokers forecast shortly then excellent.

[rivaldo] 14/4/2011 13:48

Singer Capital appointed as new Nomad and Joint Broker with Peel Hunt - signalling news flow and action to come?

[divinausa1] 13/4/2011 23:57

nice chunky 500k buy after hours today and previous day a 250k buy

[hemel] 01/4/2011 09:09

Doomberg are quoting the EUA price instead of the CER (like everyone else it seems when they talk about carbon credit prices). Camco only deal in CERs and ERUs .




Here is a link to 10 min delayed prices

https://www.theice.com/productguide/ProductGroupHierarchy.shtml?groupDetail=&group.groupId=19

Here are a few links that I hope you will find useful in understanding the differences between EUAs, CERs and ERUs

[smarkmmm] 31/3/2011 23:48

From CarbonMarketDaily

Camco, Huaneng sign 7.5million CER deal
By Stian Reklev and Susanna Twidale

UK-listed Camco and China's Huaneng Renewables have
signed a deal for 7.5 million certified emissions reductions
(CERs) up to 2015.

The UN-issued carbon credits will be generated by 20
different wind power installations spread across five
Chinese provinces, Camco said Thursday.

The projects are in various stages of development but
will be registered under the clean development mechanism
(CDM) in time to meet the end of 2012 deadline
to ensure the credits can be used in the EU's emissions
trading scheme, Camco chief executive Scott McGregor
told Point Carbon News.

"The (CDM) projects will be registered before the end
of 2012 so the CERs will be eligible for use in the EU
ETS," he said.

"We do not have any HFC 23 or (adipic acid) N20
projects so all of our credits can be used in the scheme,"
McGregor added.

Under EU rules, large developing countries such as
China won't be allowed to supply credits from projects
registered after 2012 to the ETS unless they take on
tough targets of their own in an international climate
pact, or agree bilateral deals with the 27-nation bloc.
Credits from HFC 23 and N20 destruction at adipic
acid projects will also be ineligible from 1 May 2013.
The 20 installations have a combined capacity of over
1,000 MW and are located in Inner Mongolia, Guizhou,
Liaoning, Shandong and Yunnan provinces.
Huaneng Renewables is a subsidiary of state-owned
power company Huaneng Group.

Despite uncertainties over the future of the CDM in
the absence of a successor to or extension of the Kyoto
protocol, McGregor said the company plans to continue
building its stable of credits.

"We have signed several deals this year and will continue
to ramp up our portfolio," he said.

News of the deal prompted the company's shares to a
near 4 per cent rise Thursday to 17.75p.

[rivaldo] 31/3/2011 22:23

"UN Discount to EU Carbon for 2012 Widens to Record on Camco Deal
By Mathew Carr - Mar 31, 2011 7:09 PM GMT+0100

The discount on United Nations emission credits widened to a record as Camco International Ltd. and Huaneng Renewables Corp. agreed to develop 20 windfarms in China, boosting supply.

The 2012 discount on Certified Emission Reduction credits compared with European Union carbon allowances widened 1.8 percent to 5.16 euros ($7.33) a metric ton on the ICE Futures Europe exchange in London. EU allowances for December, the benchmark contract, advanced 1.4 percent today to close at 17.28 euros a ton. The EU contract rose 21 percent this quarter, the biggest jump since June 2008, after Germany closed reactors.

The Camco agreement is designed to generate 7.5 million tons of credits through 2015, boosting supply, according to a statement distributed by Regulatory News Service. Camco jumped 3.7 percent in London trading to close at 17.75 pence, the highest price since Sept. 30.

EU factories and power stations can use credits from China after 2012, assuming those emitters have not used their so-called credit import limits and the projects are registered by UN-overseen regulators by the end of 2012, according to the rules of the bloc's program.

Supply of new UN credits more than tripled to 23 million tons this month and will probably jump another 25 million next month, according to UN data."

[rivaldo] 31/3/2011 14:23

The online buying price has increased to 17.94p, with 100k shares maximum available to buy (or you can buy 5k at 7.83p). Going the right way anyway.

[divinausa1] 31/3/2011 10:59

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[rivaldo] 31/3/2011 10:13

"Camco International signs its largest carbon development agreement to date
9:17 am by Andre Lamberti The agreement covers 20 of Huaneng Renewables' wind power installations across China with a combined size of over 1,000 MegaWatt of capacity Carbon emissions consultants Camco International Ltd (LON:CAO) said it signed its largest ever carbon development agreement, with Huaneng Renewables Corporation Ltd.

The agreement covers 20 of Huaneng Renewables' wind power installations across China with a combined size of over 1,000 MegaWatt of capacity.

The projects are located in five provinces in China; Inner Mongolia Autonomous Region, Guizhou Province, Shandong Province, Yunnan Province and Liaoning Province and are designed to generate over 7.5 million tonnes of emission reduction credits up to 2015.

In February, the group reported it swung to a profit in the full-year and said it is in a strong position across all its markets after its 2010 turnaround and best performing year to date. Camco made a pretax profit of €9.6 million in the year ended December 31 2010 against a loss of €10.7 million a year earlier.

Revenues rose to €30.0 million from €27.8 million.

The period under review also saw Camco more than doubling the amount of carbon credits issued to 8.1 million tonnes from 3.3 million tonnes a year earlier.

Chief executive Scott McGregor said in February: "The company is in a strong position across all our markets after its 2010 turnaround and best performing year. Given the performance and focus of the business, we are in a prime position to seize the current opportunities, grow our projects business, deliver the current portfolio and build value for our customers and shareholders."

Camco develops of emission reductions and clean energy projects with operations in the US, the UK, China, Africa, Russia and SEA."