Camco International Share Discussion Threads

[phowdo] 16/3/2012 10:27

Thanks,
Looks to me like CER prices have bottomed.
Guess its just a matter of waiting for news/results.

[qvg] 15/3/2012 16:57

phowdo
i had the same experience as 27h, no reply

[27howard] 15/3/2012 15:48

Phowdo

I recall emailing them for a date of results but did not get a reply.

[phowdo] 15/3/2012 11:44

Does anyone have an email contact for the company?
Im curious as to why the last holding RNS is a duplicate of one released last year. The dates are simply transposed 6/2 to 2/6 so may be a clerical error or the wrong RNS was served. It appears to me someone is selling down a holding here and I was attempting to discover who.

[qvg] 08/3/2012 17:52

"Improvements in the carbon price post year end would see this fair value accrued income adjustment reversed."
I understand this to mean that if the carbon price goes up again in the first 6 months of this year, then the 2012 half year results will benefit from the increase in value from what we hope is the bottom. It is the problem of mark to marekt accounting.

[hemel] 08/3/2012 17:27

from the Carbon Update RNS

"As a result of the 2011 carbon price reduction at year end, a fair value revision of accrued income will be required in the Company's 2011 financial statements. 2010 accrued income not subject to a fixed price contact was fair valued at a carbon price range of EUR11.16-11.39 depending on the forecast year of delivery; the 2011 year end price range is expected to be EUR6.20-6.94(4) . The written down value is expected to be sufficient to cover accrued costs and payments on account received. Improvements in the carbon price post year end would see this fair value accrued income adjustment reversed."

The last sentance is intriguing as the carbon price has gone down not up post year end. Will they ignore that? If they do they are papering over the cracks.

[dennis russell] 08/3/2012 15:25

Presumably the next result will have to show a big writedown, (mark-to-market) of old carbon assets

[rat attack] 06/3/2012 15:39

can you read a balance sheet?

[kirk2] 06/3/2012 14:43

pehaps there isnt 13 mill left now, hence the share price retrace

[27howard] 06/3/2012 13:55

Is 13-14 mil of cash in the bank hard enough for you liarspoker ?

[liarspoker] 06/3/2012 13:53

Not sure if I'd trust a company that takes in carbon credits as revenue. I prefer hard cash but then again I am a bit old school. :O)

[27howard] 06/3/2012 13:25

I think you could argue there's sellers in everything, if most of the pi's are selling then the mm's will have a overhang of stock, a sale just now at 5.55p
now that is selling at a low price, maybe first signs of panic setting in.

[aishah] 06/3/2012 11:49

There's a seller about - can buy plenty below offer in size. Will wait for this to clear before topping up

[battlebus2] 06/3/2012 11:44

lol never shorted and never will i don't believe it to be ethical.

[kirk2] 06/3/2012 11:42

you would have said i was mad talking about 5p a couple of months ago but we are here, with more to fall, a great short is cao

[battlebus2] 06/3/2012 11:14

Ridiculous to talk of 3p when cash is much more.

[kirk2] 06/3/2012 11:12

new lows hit one way traffic to 3P

[27howard] 06/3/2012 10:54

Risky but i could not resist sub 6p stock and i'm not the only one, not the best day out there but Cao have all that cash so again i had to average down at this price.

[kirk2] 06/3/2012 10:13

even more optimistic today, major crash of markets in the next few weeks

[battlebus2] 06/3/2012 09:24

lol!!! IT WAS 5P YESTERDAY!

[kirk2] 06/3/2012 09:20

4P HERE WE COME

[gingerplant] 05/3/2012 20:39

SP makes no sense whatsoever to me- so I bought more again. Such bargains are getting thinner on the ground though - just CAO, INRE and PVCS at discounts to cash AFAIK. I hold all three - averaging down substantially in each case. The difference here is; CAO making £ operationally.

[27howard] 05/3/2012 19:11

Yes there could be downside but also the shareprice could double on relief there
is no nasties in next results, with all that cash the odds favour the bulls at
6p so i'm holding for results if next week or they take another month or two.

[battlebus2] 05/3/2012 16:26

Still a long term hold imv so very happy to wait even if it goes to 5p it will be short lived.

[27howard] 05/3/2012 16:24

That's why you can buy cheap, worked a 250k sale today.