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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cleantech Building Materials | CBM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.875 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.875 | 7.875 |
| Top Posts |
|---|
Posted at 26/2/2015 09:09 by envirovision Must be at least a dozen private investors here now sitting on a painful loss. Some bought at 4 pence....ouch. |
Posted at 16/6/2009 16:03 by pbracken I'm going off topic for a moment, but given the fraternity of savvy investors who populate this board I thought I'd bring to your attention a stock on its knees, one that almost didn't make it, and which has yet to demonstrate it is over the worst. I should also declare an interest. I have recently acquired a six figure holding (for around 11.5p a share). So take my comments in the light of a buyer who, by definition, has been persuaded by the positives. The company is called Sovereign Oil Group (SOGP). It provides products for the oil sector. It has just returned from a 9 month suspension. It was suspended whilst it renegotiated and restructured its debt. I was surprised that it pulled through, but pull through it did and it is some achievement. It's bankers agreed a significant reduction in interest charges for one primary reason: the quality of the cash flow, which despite the downturn, has remained robust. There were a few other conditions - notably the sale of the loss making drilling company called DDS and a couple of peripheral businesses. These sales were achieved, and net debt has come down from c£33m to around £25m. More importantly, the interest bill has been reduced by more than £3m a year. The market cap of the business is valuing the equity at virtually nothing (£2m). But at the EBITDA level, the business is likely to see at least £7.5m in the current FY. That puts the EV on a very undemanding ratio. That's especially true in the light of the resurgence in the oil services sector following the recent doubling in the price of crude. The company will turnover around £75m in 2009/2010 (allowing for discontinued operations) and on reasonable assumptions is, today, probably worth three times its current market valuation. At 100p a share, the market cap would only be £17.3m. With plans afoot to reduce debt levels further, the investment case is, at least, interesting It's a tightly held share - there are only 17.3m shares in issue, and the management owns well over 60% of them. Make no mistake, this is a recovery play and buyers of the stock are betting on a recovery in the oil services sector. But two things have happened recently that make this a safe bet. One, oil is likely to stabilse in excess of $55 a barrel and, two, the cost of hiring rigs has fallen heavily recently, which is making exploration activity interesting again. This means that the demand for products that go with the rigs that explore and extract the black stuff is already on the rise, and this is precisely the market that SOGP is in. I have no idea if a modest £11.5K investment today will be worth £100K in 2 years. But my expectations are that it will be. As ever, DYOR. Edit: I should also add that I will be adding to my position tomorrow. I say this because my activity may shift the market, and I don't want others to assume this is part of a wider sentiment change. |
Posted at 12/6/2009 13:07 by pbracken It'll go ahead vizz - you're alerting investors to a miniscule possibility of a No vote. |
Posted at 02/6/2009 01:09 by gowtn By Jennifer Walter Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--Shares of Canada's coal-mining companies are higher Monday after a report said that China is emerging as a major coking coal importer. In Toronto, Grande Cache Coal Corp. (GCE.T) is up 18 Canadian cents, or 12%, to C$1.67 on 3.6 million shares, while Western Canadian Coal Corp. (WTN.T) is up 14 Canadian cents, or 9.2%, to C$1.66 on 3.5 million shares. Teck Resources Ltd. (TCK), which owns Fording Canadian Coal, is up C$1.45, or 8.5%, to C$18.61 on 5.9 million shares. Scotia Capital analyst Na Liu said in a research note that China's overall coal imports have increased this year to a record high of 9.16 million metric tons in April, a 3.4-million-ton increase from March. China has traditionally relied on domestic coking coal for its steel production, but the Scotia Capital report said a number of factors are forcing the country to look to international markets. The report focuses on the China coal market and doesn't mention any specific Canadian coal companies. Liu said three main factors are driving the Chinese demand for imported coking coal. The report noted that Chinese production of coking coal has declined after the government closed several small mines due to safety concerns. Liu said these supply constraints have pushed local Chinese spot market prices higher than international prices, making imports the less-expensive option. Liu also cited the Chinese government's "Revival Plan for the Steel Industry" report, which promoted increased steel production in China's coastal regions. Liu contends that this move towards more facilities on the coast will push more Chinese steelmakers away from the domestic coal producers, and make imported coking coal a more viable alternative. David Jan, manager of investor relations at Western Canadian Coal, said the increase in demand from China for metallurgical coal is good news for Canadian producers. "Producers in British Columbia in particular will benefit because we produce high-quality metallurgical coal, and we're very close to the Chinese market," Jan said. Jan said his company started to see an increase in demand for coking coal from China in early 2009. "In our opinion, China's strong coking-coal import demands are likely to continue, and this year might represent a structural shift in the global coking-coal market, with China becoming a major importer," Liu said. The Scotia Capital report said China has been sucking up most of the market surplus, but Liu noted that a sustained increase in demand for coking coal and iron ore will only begin once steel mills in the rest of the world begin to increase production. |
Posted at 01/6/2009 18:19 by vizz Quite a list of negatives there Bush and still room for more! The huge gov spend explains much of the reason for the market rise, but this can only have a finite life and in due course must be repaid...by us! Also, with interest rates so low, the usual retreat of cash deposits provides little joy for investors and therefore the sight of stock prices continuing to rise is difficult for many punters to ignore. This is especially so with the backdrop of politicians and professionals with vested interests providing a positive spin that the media echos to the public who naturally want to believe it. It can all become self-fulfilling for awhile as we know from experience, but as your list of negatives highlights, it looks like a castle built on sand.I'm also in favour of gold miners in the longer run, but the pog has a habit of drifting down over the northern summer months and I'm concerned the juniors could be treated like the baby with the bathwater in any sharp overall market correction, instead of offering a secure refuge. Ya win some, ya lose some and life goes on! |
Posted at 29/5/2009 07:08 by steeplejack "that was well received by investors"....a somewhat presumptuous statement i think.Thereagain, the market appears to be giving his resignation a hearty round of applause this morning. |
Posted at 31/3/2009 10:48 by pbracken If the market felt CBM was done for it would have spoken by now; it doesn't take any prisoners and the opportunity to take CBM below its recent low was a danger that today's results appear to have thwarted. My feeling is that the market is grudgingly giving CBM the benefit of the doubt - at least for the moment. That CBM had nothing to say on the deal, however, is another kick in the nuts for investors: that the BOD of both companies can't finalise the transaction (after 3 month's discussion) is stretching investors' patience to say the least, and leaves any investment in CBM hanging in the balance. I differ from papillon in this respect: Burridge wants the deal and is anxiously waiting on WTN's shareholders to vote for it. |
Posted at 10/3/2009 23:14 by papillon The way things are going the market value of CBM's 50% holding in EBG will be soon higher than the Mkt Cap of the whole of CBM!! Just goes to show what investors think of the rest of CBM's investments. I will hold on to my small 15k of shares; I have written them off so if they go bust it wont matter to much and if they rise up from the ashes again I will be pleasantly surprised. I cant help thinking that the WTN takeover of CBM is putting off prospective Canadian investors in WTN. GCE has no such burden; though it also has more cash (relative to Mkt Cap) than WTN, only mines higher value HCC (no PCI) and has no debt (WTN has no bank debt but does have debentures expiring in 2011) |
Posted at 05/11/2008 09:59 by pbracken Morgan Stanley calls an end to bear marketComments (4) Morgan Stanley strategist Teun Draaisma - who called the bear market correctly - has now turned into a full out bull.In a note this morning, he advises clients to consider buying equities despite what is looking like a prolonged recession. He said: "Despite the bad fundamental outlook, prudent investors should not be short equities, and long-term investors should average in. We believe we are in the worst earnings recession of the last 40 years, expecting a 43% earnings recession ending at the end of 2009. But we do believe at 8 times trailing earnings, or 14 times our estimate of end of 2009 trough earnings, the bad news is in the price, and we do not wish to be short equities... "Our idea [is] that the severe part of the bear market is over, that there is value, but probably no hurry, as there are many short-term risks related to emerging markets, foreign exchange and deleveraging. The more prudent investor may wish to stay in cash and not be overweight equities, but our advice is not to be short or underweight anymore. Our advice is also for long-term investors to keep on averaging in at these and lower levels. "The latest elements that pushed us [to a buy signal] have been a capitulation among retail investors, purchasing managers and sell-side analysts, as measured by record mutual fund outflows, ISM new orders below 40 and analysts revisions collapsing. The idea is that when these three groups know about the bad news, equity prices are probably already reflecting it." |
Posted at 05/10/2008 09:59 by edmondj Hedge funds prey on rivalsBy Henny Sender in New York Published: October 2 2008 23:34 | Last updated: October 2 2008 23:34 Hedge funds are embracing trading strategies designed to profit from the unwinding of large positions by their competitors, market participants say. The increasingly cannibalistic activity stems from the wave of redemptions hitting hedge funds. More nimble hedge funds have sought to profit from the dynamic by taking short positions in securities known to be widely held by rivals. Goldman Sachs publishes a list of 50 "very important" hedge fund positions. In its Wednesday update Goldman said: "Forced selling to cover redemptions and deleveraging . . . has put downward pressure on selected stocks." A favourite strategy of hedge fund managers during the bull market mimicking the positions of others has been turned on its head, Goldman said. "Buying the most concentrated stocks . . . has been a poor strategy during the current bear market." The announcement last month that Ospraie Management was winding down its flagship fund encouraged predatory activity. One Hong Kong-based manager sent a note urging friends to short emerging and mining shares favoured by Ospraie. Some hedge fund managers say they have been monitoring the positions held by Ospraie, if only to be ready if other funds with the same positions are forced to liquidate their holdings. "I certainly wouldn't want to be long any of these companies," said one. "I want to lock up six-month borrowing on these shares and short them." Ospraie's founder, Dwight Anderson, told investors on September 4 that 60 per cent of its losses in July and August stemmed from equities, mainly in energy and mining. Its largest position was in Xto Energy, which had dropped from $73.74 in June to just under $43 and was among the 20 most widely held stocks by hedge funds, according to Goldman, Mr Anderson said. Firms are also monitoring Deutsche Bourse because of a big position in its shares held by Atticus, which has told investors in its main hedge fund it is down 25 per cent so far this year. Greenlight Capital, the hedge fund run by David Einhorn, told investors in a letter on Wednesday it was down 17 per cent so far this year, in part because "investors have been unwinding trades that they otherwise believe make sense". Greenlight said it would "try to be opportunistic" in response. |
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