Camco International Share Discussion Threads

[rat attack] 20/1/2012 17:58

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Camco
Carbon credits specialist Camco (LSE: CAO) has also been a poor selection after a good start from a couple of years ago.
At 7.1p, the company is valued at just £13.5m. News this week that it had sold a business for £4.5m prompted me to buy a few more as it's now trading around net cash, with a whole lot more on the balance sheet in prepayments and accrued income. Meanwhile, the company has been diversifying into other areas. Its valuation makes little sense to me. But I've been wrong before here.

[rat attack] 17/1/2012 22:45

contrarian2investor - quite agree, sour grapes because they have given up making a market in carbon credits.

[contrarian2investor] 17/1/2012 22:11

rat attack, given Socgen's recent investment/financial record, one would think that investors would take less notice of their mutterings. Looks like I will just get further opportunities to buy below my initial tranche purchase price. Until value is eventually realised.

[battlebus2] 17/1/2012 21:37

This is as all stocks should be a long term investment HA! my average 14.85p and i'm very confident .

[nw99] 17/1/2012 21:28

Most kind RA no wonder ... Should bounce back then ! haha

[nw99] 17/1/2012 15:25

I did as well ...oops !!

[rat attack] 17/1/2012 14:56

thats because I bought some!!

[nw99] 17/1/2012 14:33

Sold off today anything I need to be aware of ?

[contrarian2investor] 16/1/2012 22:25

This morning I bought my first tranche of CAO, as it is now sitting at a maket cap of near net cash. Whilst carbon credits are near rock bottom prices and management is also now diversifying its offerings.IMHO the bottom is in. lol

[yasz] 16/1/2012 18:13

Camco sells UK advisory business

* Sells Camco Advisory Services to Baxi for 4.5 mln stg

* Says to continue advisory business in Africa

* Shares up nearly 5 percent

* Analyst sees potential for upgrades (Adds details, analysts' comments)

[indalo] 16/1/2012 08:37

I think there is a question mark over how CAO will convert carbon assets into cash as revenue is recognised before cash is converted, and this is an area of the business I would like more information on. Can anyone explain the cash conversion cycle to me?

That said I think this is excellent value given that cash covers market cap' and that demand for the company's products and services is likely to remain strong in the medium term.

If point 1 above can be clarified to the market to the extent that recognised revenue can come through to cash I can see these going to 30p+ rapidly.

[rat attack] 16/1/2012 07:54

So cash is now equivalent to market cap!!

[battlebus2] 16/1/2012 07:09

UK advisory business sold for 4.5 million.

[the observer2] 15/1/2012 19:50

lm35...aren't you going to get into trouble?

[the observer2] 14/1/2012 11:51

lol, i didn't need a tipster either for here or SEV. and i would argue the CAO share price is actually becoming less dependent on the carbon price given the biogas project news. this is a strong buy all the way. give it until summer at least i'd say.

[gerryjames] 13/1/2012 08:26

Ha.............I didn't need a tipster when I started buying in the high teens. Roll on breakeven.

Lol.....good luck.