Camco International Share Discussion Threads

[aim_trader] 13/9/2011 10:29

"Camco delivers growth in all its sectors"

"Renewable energy company Camco (LON:CAO) reported today that it increased revenues and profit during its first half, while growing its portfolio of carbon emissions projects even further.
Camco said that first-half revenue increased to €16.2 million (H1 2010: €11 million), while group profit improved to €3 million (30 June 2010: €0.6 million). Pre-tax profit came in at €3.1 million (H1 2010: £396,000 loss), which translated to earnings per share from continuing operations of 1.62 euro cents (H1 2010: 0.33 cents).
The firm's Carbon Projects business generated revenue of €11.6 million, while producing a profit of €5.3 million, during the period. Camco said that this was thanks to the successful completion of projects as well as fair value price variances during the period.
Camco's Energy and Carbon Advisory business ....."

[battlebus2] 13/9/2011 07:45

Got to say these results will be better than most had hoped although the continued lower carbon price will dent profits eventually. Still rate these as a buy. Trading Statement

Growth and Delivery in All Sectors

FINANCIAL HIGHLIGHTS for period ending 30 June 2011

-- Revenue increased to EUR16.2 million (30 June 2010: EUR11.0 million)

-- Group profit increased to EUR3.0 million (30 June 2010: EUR0.6 million)

-- Net cash of EUR14.9 million (30 June 2010: EUR17.8 million)

-- Earnings Per Share from continuing operations increased to 1.62 euro cents or 1.41 pence sterling (30 June 2010: 0.33 euro cents or 0.29 pence sterling)

[shauney2] 20/8/2011 09:18

Any views on the large trades yesterday and no movement in price?

[qvg] 10/8/2011 10:19

bb2, yes I am still holding, and considering buying more.

[battlebus2] 10/8/2011 08:33

Added again this morning as we should see some improvement with the markets. 14p is totally undervalued imv as thats my average price mostly bought two years ago and the company has come a long way since then. Quiet boards atm is anyone still holding?

[kimball808] 02/8/2011 17:58

One in the goolies for CAO today re drop in carbon prices...:-(

Cap71.. That's what I'm holding on for...Story me thinks from some time ago is that we are one of the last to be consolidated...

[capricious71] 30/7/2011 12:19

I read in Investors Chronicle that a couple of their rivals had been taken over, I think by JP Morgan.
Camco could go the same way.

[qvg] 28/7/2011 12:26

Rivaldo,
Thanks for that. The cynic in me says a Broker downgrade is a good reason to buy more now!
I still think biogas plus consultancy business plus cash justifies the current valuation, and the Carbon Credits are just a very sweet upside. So happy to hold, and if it does drop buy some more.

[master rsi] 28/7/2011 10:38

Keep a watch

On the up today with some good size lots. Yesterday was the last day for closing T+20 from the last starting large rise 4 july, ( I have noticed this is a turning point for MMs to marked up the stock again)

The news today is also helping with that.

[rivaldo] 28/7/2011 08:46

Cheers battlebus. I have to agree - today's RNS looks a bit desperate. The US business is on track. And CAU have received a $1.5m grabt - well, no, they're probably received $300k or so as just one of the receiving parties. It's hardly worth an RNS is it? Maybe an RNSNON at best.

Anyway, it's about time for a proper trading update, so knowing my luck that'll probably be superlative! CAO will surely have to at least mention the decline in CER prices though.

[battlebus2] 28/7/2011 07:48

Good luck Rivaldo it's all about timing really hope you have got it right. Bit of a defensive update this morning on Camco's U.S, business i think we all knew the details.

[hastings] 27/7/2011 19:15

Can appreciate where you are coming from riv and always good to take a profit.
However, despite the current mkt, i feel this company is a solid mid-long term play and will therefore stay put. Of course, will keep a close eye on things, but providing everything remains pretty much on course, will more than likely look to add, should it take a dip.

[rivaldo] 27/7/2011 10:04

I've decided to play safe and have been selling - the last 50k went through this morning (on PLUS).

This morning's RNS from TRE says it all. I know that CAO are about far more than CERs etc, but sentiment is everything, and this won't help sentiment, especially as the markets don't exactly look favourable anyway.

Good luck all - I may well be wrong, but as I say, it's nice to take a profit and play safe in this market.

[napoleon 14th] 16/7/2011 21:23

What more can you ask for?
SP should follow in better circumstances.

Should there be an economic blow-out, however,
IMO nobody will want ecology to dampen recovery/survival hopes, will they?

[rivaldo] 13/7/2011 07:31

Nice summary:



"Camco International continues to close commercial deals at favourable market prices
Tue 8:02 am by Jamie Ashcroft

During the first half of 2011 Camco has successfully executed a series of structured transactions and deliveries, while the market environment was favourable.

Camco International (LON:CAO) continues to close commercial deals at favourable market prices, chief executive Scott McGregor told investors.

This morning the group, which develops emission reduction and clean energy projects, gave investors an update on its carbon portfolio operations for six months ended 30 June 2011. Camco said its commercial strategy is to execute long term structured sales when the market is right.

During the first half of 2011 Camco has successfully executed a series of structured transactions and deliveries, while the market environment was favourable.

During the period Camco achieved a substantial increase in its in-specie post-2012 carbon portfolio. The improvement was largely driven by the group's strong market position in China, Camco said.

"Camco has achieved further growth in its carbon portfolio in the first half of the year which supports long term value to our clients and the company," said chief executive Scott McGregor.

"We have continued to execute commercial transactions and deliveries from our projects at favourable market prices."

Camco highlighted that it has executed a series of forward sale transactions, which have locked in a favourable price for 1.5 million tonnes of carbon credits.

In-specie carbon volumes increased by 14 percent in the post-2012 portfolio to 41.5 million tonnes, and the group said it has a stable 26.6 million tonnes of pre-2012 in-specie carbon. Increased volumes mean that Camco will be due a greater number of carbon credits.

During the period Camco delivered 1.9 million tonnes of carbon. The group said that carbon deliveries and sales have produced a strong cash position of €13.9 million at year end.

Looking at its other businesses Camco highlighted that the project business unit achieved financial close on the largest dairy biogas project in North America, and construction work is now underway.

Elsewhere Camco said that the advisory business unit is performing in line with expectations, and it has secured a strong order book for the balance of the year."

[hastings] 12/7/2011 12:39

Agree there rivaldo, surprised by the tick back, but probably reflects the wider market sentiment

[rivaldo] 12/7/2011 07:12

Looks like a very good H1 trading statement just out:



- cash up to 13.9m euros from 12.4m
- executed a series of forward sales when prices were high
- volumes looking good for H2
- very low average purchase price at €8.6 per tonne
- strong order book in the Advisory business

[hemel] 11/7/2011 19:33

Yahoo is the same

Last Trade: 3.30
Trade Time: 16:34
Change: 18.70 (85.00%)

[hemel] 11/7/2011 19:32

I looked at Google Finance just now - nearly pooped my pants!


Camco International Limited (Public, LON:CAO)
CAO 3.30 -18.70 (-85.00%)

[rivaldo] 11/7/2011 12:07

Australia have just announced a tax on carbon emissions:



"Australia to tax carbon emissions

11 July 2011 Last updated at 00:22 Help

Australia has unveiled plans to impose a carbon tax on companies that are deemed to be among the worst polluters.

From next year 500 companies will have to pay $25 dollars for every tonne of carbon emitted, a tax that is expected to add 1% to consumer prices.

David Lennox, from Fat Prophets in Sydney, told the BBC it is a significant move in policy by the Australian Government."

[mj19] 07/7/2011 19:20

Thanks I was going to invest my 10k....was just asking what the risk side was...

[rivaldo] 07/7/2011 15:35

Interesting - a webinar will take place next week about the growth of biogas in the USA, with CAO's partner AgPower as a major speaker.

The interesting part is that, with CAO's recently announced project being the second project mentioned below now being constructed, Agpower are already talking about a third project to be constructed.

Looks like further substantial work perhaps coming CAO's way:



"Bob Joblin, Investor in AgPower Group and owner of Cenergy USA
AgPower Partners and Dean Foods developed its first biomass-to-renewable energy facility at a 4,700-cow dairy in Idaho. In partnership with Camco, AgPower Group is currently constructing a second project in Idaho on a 15,000-cow dairy, which will be on-line the first quarter of 2012. AgPower's next project will be at a 3,000-cow dairy in California, which is fully permitted and funded and will be under construction before the end of the year."
"

[rivaldo] 07/7/2011 12:45

MJ19, the last results are here - it's easy to research!



Since the RNS is in front of me, CAO had around 12m euros of net cash (net of 0.5m euros debt) at the year end:

"At 31 December 2010, the Group had cash and cash equivalents of €12.4m"