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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Climate Exch. | CLE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 748.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 748.00 |
| Top Posts |
|---|
Posted at 23/11/2009 10:27 by jakelomes2 Hello,There is an article for global warming and carbon emissions that tips CLE |
Posted at 02/3/2009 22:16 by poppadom2 It looks like it's going all the way back up to £ 20 again. This business is the pivotal provider in the energy trading business and is still massively undervalued despite 3 days of good rises. Another good one to keep a close eye on is PPR together with VGM. Small investments but both like CLE massively undervalued. |
Posted at 06/2/2009 13:11 by scburbs I was wondering whether they get commission based on volume or contract value? This seems relevant given the falling prices. If it is based on contract value then that is bad for CLE as volume benefits will be eroded by falling prices. If it is based on volume then that is better. |
Posted at 04/11/2008 12:49 by liquidkid In that everyone continues to rush for the exits on the whole carbon ponzi scheme and that CLE hits about 100p. My bias is short but I am flat at present.If Exchange Traded Contracts like the CARP one gain traction on the LSE (I don't think a single contract has been traded yet) then how does this affect CLE Interestingly - "A fundamental influence on the price of EUAs is the cost of energy, particularly the price of electricity and the 'spread' between coal and gas prices. More demand for power drives up the cost of electricity but also leads to more demand for EUAs to offset higher emissions from fossil fuels burnt to increase that power supply." Those charts shout go in the header |
Posted at 14/10/2008 13:12 by zakmundo So close to shorting this at 20.00Held off though due to losses elsewhere your position in Proteome is well known and the fear that this could have been a bid target (a reason for the buying) er, then why did you want to short it? anyway, CLE is another PRM, but on a massive scale. Insipid revenues, huge market cap, unclear USP, and a band of rabid investors in denial about potential market value. |
Posted at 16/9/2008 09:35 by techmark So that would mean at some point soon there is going to be 3.9 million shares coming to market here, from a forced seller liquidator who will probably do it in a haphazard manner. This could be ugly. On top of that Harbinger Capital has a 22% stake, I guess they are some sort of hedge fund. How long are they going sit on a 22% stake that has just lost 50% of its value from the highs?I wouldn't want to pay more than 500p a share for CLE. Regards |
Posted at 04/6/2008 19:15 by jiopl Hi queeny2 there might be reasons to short CLE like volumes reducing on ECX and growing on climex.but that article is not one of them because its not credible,its not peer reviewed and its full of errors! See Hopefully McCain or Obama will have the sense to base there policies on the overwhelming scientific evidence. No position on CLE,sold for a small profit just interested to see what happens now! |
Posted at 03/6/2008 14:45 by zakmundo Why should anyone judge performance on just 4 months data, look at the broader picture year on yearoh in a perfect world I quite agree - its just with very short amount of trading to date, and priced for absolute perfection, CLE will need to maintain month-month momentum to keep shareholders and the market happy. With LSE valued at £2.6bn on a trailing post-tax profits of £178m, and CLE valued at £940m on a trailing loss, CLE cannot afford to look like anything other than a stellar growth co. Its all very well 2008 volumes to be 50% higher than 2007, but if month to month are static or falling, then the forward p/e basically looks unsustainable. |
Posted at 22/5/2008 11:27 by scburbs Having made a good profit shorting this previously, I am back in for another go. As has been pointed out a crazy valuation. Not one to go in full guns blazing given the sharp rise, but a dripped short position should do well when reality strikes.Worth remembering how little Richard Sandor was prepared to sell the CCX/ECX interests to CLE for under 2 years ago! Clearly a lot can change in 20 months, but even so the valuation difference is striking to say the least! Based on the share price at the time of around £3, Richard Sandor (CLE's chairman) was prepared to sell CLE the 60/51% interests in CCX/ECX for around £40m. This interest is now worth around £500m! Not Richard Sandor's best disposal, although his £40m is now worth £217m due to the share component. "CCX ACQUISITION The Board of Climate Exchange Plc ('CLE' or 'Climate Exchange') is pleased to announce that Climate Exchange has entered into a merger agreement through which it will acquire the 60% of the issued share capital in Chicago Climate Exchange, Inc. ('CCX' or 'Chicago Climate Exchange') that it does not already own (the 'Acquisition'). As CCX also owns the 51% of European Climate Exchange ('ECX') not already owned by Climate Exchange, the Acquisition brings full ownership of CCX and ECX within the Climate Exchange group. Climate Exchange will pay approximately £6.2 million in cash and issue up to 10,555,117 Climate Exchange shares as consideration for the Acquisition (comprising an initial 6,918,754 CLE shares and conditional deferred consideration of up to 3,636,363 CLE shares). The deferred consideration shares will be issued in the event that CCX meets certain pre-defined performance targets over the next three financial years. An additional cash payment together with the issuance of CLE shares will also be made to the current option holders in CCX. The transaction is subject to the approval of CCX Shareholders. OTHER MATTERS Richard L. Sandor, Chairman and Chief Executive Officer of CCX and Chairman of Climate Exchange, through two of his affiliates owns a majority of the shares in CCX. As a result of the Acquisition, the resulting Climate Exchange shares held by Richard L Sandor's affiliates will be subject to a one year lock in with a proportion of such shares subject to a further lock in until 31 December 2008. As Richard Sandor is a substantial shareholder in CCX, the Acquisition is a related party transaction under the AIM Rules. The directors of Climate Exchange, other than Richard L. Sandor, having consulted with Climate Exchange's Nominated Adviser, consider that the transaction is fair and reasonable insofar as its shareholders are concerned." |
Posted at 13/2/2007 12:41 by lasata From iii site: Edmond Jackson:Climate Exchange The remarkable recent performance of this and other 'environmental' shares, despite lacking an established profit record, raises the tactical question to what extent you should insist on proven investment value relative to a story that is likely to grip imaginations? AIM-listed Climate Exchange (CLE) has more than quadrupled above £12 in barely four months as enough investors have decided it is an ideal share for current times; CLE being geared to the success of trading carbon emission credits. This is under the media spotlight as scientists warn of the potentially disastrous effects of global warming and companies must scramble to meet new environmental regulations. Yet for a company capitalised near £300m, financial forecasting is anyone's guess. It bears out an observation by Keynes, the legendary Cambridge economist, who wrote that stockmarket investment is akin to judging the outcome of a beauty contest. The art is less in judging the prettiest faces than considering what might be the majority perception of beauty and desire. If you want to get rich quickly in shares, best to consider which stories may enthral. CLE owns the Chicago and European carbon emission exchanges, and you can learn more by visiting www.chicagoclimatex. There is a precedent, however. It was barely five months ago that CLE paid £6.2m in cash and a share package up to 10.5m (initially 6.9m and a further 3.6m according to performance) for the remaining 60% of shares in the Chicago Climate Exchange it did not own. Goldman Sachs agreed to subscribe for 4.2m news shares at 293p, some 10% of the group's enlarged share capital. Effectively this means a recent valuation placed on a controlling stake in one side of CLE's operations was a snip of the group's current market value. Last Wednesday 7 February, CLE's share price jumped above £12.50 prompting a statement (likely insisted by regulators) that "other than increased investor interest in both the exchange and carbon related sectors, the company is not aware of any reason for this rise." It will be interesting to see where the shares consolidate after this. For speculators who have missed the run so far, it could provide an opportunity. Carbon emissions will remain a central media theme, fuelling perception. With a share like CLE, so driven by sentiment, the key risk to watch for is "the moment of truth" when perception shifts to try and reconcile hopes with financial reality. Since the company keeps issuing trading updates showing exponential growth in trading volumes on its exchanges, speculators may continue to defer judgment of the bottom line. The latest update, on 22 January, proclaimed "outstanding progress in both Europe and Chicago". The European exchange traded 452.8m tonnes during 2006 compared with 94.3m between April and December 2005, and in Chicago a total 10.2m tonnes of CO2 (1.4m in 2005) and 0.7m of sulphur (negligible in 2005). By comparison, interims to end-June 2006 showed the only income being £0.5m interest receivable and a profit of £21,118, relative to about £10m balance sheet cash and £19m investments. Net asset value per share approached 98p. Obviously the financial statements will be transformed by the exchanges' financial progress, but to what degree relative to a near £300m market value remains highly speculative. No way does a margin of safety exist, the classic distinction of an investment from a speculation. This is not to lure you into high-risk speculation, merely to explain how the party is played out in fashionable shares. Speculative energy frequently exists in markets, it is your choice according to your risk tolerance, whether you want to try and harness it. CLE's 7 February caution could result in a medium-term buying opportunity, but you need to recognise this is in context of sentiment as reflected by the share price chart. You are largely playing public emotions. Judging the outcome of the business, for long-term investment value, remains highly speculative. If you are a perfectionist who insists on "being in at the ground floor", CLE still merits following as an example that will crop up elsewhere in the market as other sectors come into vogue especially among flotations and reverse flotations which introduce fresh and exciting stories. It is easy to predict this so confidently because human nature never changes: market speculation is largely an adventure in social psychology. Notice how big established names party along too, and beware assuming this validates a share as an investment. Blackrock Investment Management, one of the world's largest fund managers that is nearly half-owned by Merrill Lynch, owns nearly 9% of CLE. Blackrock could end up doing very well in the long run; but its funds are of sufficient size to write off even £25m without blinking. As a private investor in individual shares you are likely to be much more focused; there is good reason to be fussy and you may prefer to avoid fashionable shares where you cannot define value. Ultimately, the answer to my opening question lies in your own risk appetite and what you are trying to achieve in markets. Some individuals have learned to speculate intelligently, for example limiting their speculative capital and applying checks such as stop losses and taking out their initial cost after a rally. Overall, I view CLE as a trading play (which is not my style in markets). Its remarkable rise is likely to bring it more into market and media focus, with opportunities for bull and bear traders alike. Ongoing uncertainties about valuation should guarantee volatility |
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