Climate Exchange Share Discussion Threads

[gambler99] 23/7/2008 11:45

i have shorted on this before but in december when it collapsed 20%
in one hour it was a very nice profit for me. Some CFD brokers will let
you short but the stock is scarce. i always thought these were over priced
and that the carbon market is out of control so perhaps if some hedge
funds get hold of this we could see 10 pounds again.

[muffster] 16/7/2008 22:28

GSands - How can you short this share? Igindex confirmed that there is no way to short this as there is no market to borrow shares.

[viewtoakill] 15/7/2008 12:34

GSands - I agree, I spotted that too. If it breaks we could see it go all the way down to 800p and it would still be on a high rating.

[gsands] 15/7/2008 09:44

Potential head and shoulders top...

[alexx] 15/7/2008 09:34

markralph
"I think cle has held up remarkably well during the past few wks"

It certainly has, perhaps because the valuation is so high anyway it's off the scale.

Doubled ( short ) stake today as feeling a bit bored with lack of excitement.

[s704] 12/7/2008 15:19

Alexx of course it's quiet - it's a cool summer. Knocks hell out of this nonsensical polical deception and commercial lie. A waste of money :-)

[markralph] 12/7/2008 15:00

I think cle has held up remarkably well during the past few wks. As the world goes to pot i think the smart money will actually look increasingly favourably at these alternative/theme based investments. however, i wouldnt favour either long or short side at the mo. Wait for the FTSE to find some sort of common ground (5,000ish) then i thik the money that has enjoyed sky high commodity prices will eventually see value in equities again and we will see a rally in equities towards the end of the year. When that happens CLE will benefit big time and i'd be interested to see where the share price goes in the next few months. (IMHO).

[alexx] 10/7/2008 15:32

At last: in profit

Very quiet on here compared to a few months ago

[muffster] 03/7/2008 21:45

Follow Goldmans lead and exit now. This is a crazy valuation and the market is realising slowly but surely. FTSE is likely to continue to fall over next few months and bring this crashing down

[alexx] 03/7/2008 16:19

just gone short again while the spread is low

valuation silly

[viewtoakill] 02/7/2008 10:36

The valuation is ridiculous! I notice Investors Chronicle published a sell recommendation last month (not that it would change my own opinion). For a stock on a forward PE of nearly 100 (basing it on a end of year of 20p earnings per share which is pretty generous) I really can't see much more room for improvement. I fear this sector is a bubble soon to burst or though sentiment remains on the upside at present. Time will tell...

[markralph] 27/6/2008 11:49

useful articles, thanks.

GSANDS tech commentry would be awesome, if you're still around on this stock??

[lasata] 26/6/2008 09:12

Carbon trading set to dominate commodities
By Fiona Harvey

Published: June 26 2008 03:00 | Last updated: June 26 2008 03:00

The market in greenhouse gas emissions could outstrip the conventional commodities markets to become the biggest traded commodity, the head of the US Commodities Futures Trading Commission said yesterday.

Bart Chilton, commissioner of the CTFC, said: "The potential size and scope of a structured carbon emissions market in the US is unequivocally vast. It is certainly possible that the emissions markets could overtake all other commodity markets."

Carbon trading was worth about $64bn last year, according to the World Bank, but the US accounted for a small fraction of this. Most of the trading - about $50bn - was carried out under the European Union's emissions trading scheme, with nearly all of the rest carried out under the Kyoto Protocol, which the US has not ratified.

But Point Carbon, a carbon market analyst company, has estimated that the global carbon market could be worth more than $3,000bn in 2020 if the US were to participate, through setting up its own federal cap-and-trade system to limit carbon emissions and through an international agreement to succeed the Kyoto treaty.

Mr Chilton gave a slightly more cautious view yesterday, saying: "Even with conservative assumptions, this could be a $2,000bn futures market in relatively short order." Carbon markets also have an effect on other traded commodities such as coal, oil, gas and electricity.

Carbon trading was set up under the Kyoto Protocol as a mechanism to help countries cut their emissions. Under cap-and-trade systems, a ceiling is placed on companies' emissions and they can trade their unused quota with one another. This method is supposed to ensure that carbon is cut at the lowest possible cost.

The US is moving closer to setting up a federal cap-and-trade system. An attempt last month to pass a bill for such a system fell foul of procedural obstacles, but many believe a similar bill will be brought forward again under the next president, when it is likely to have more chance of passing. Barack Obama and John McCain, the presidential candidates, both support a cap-and-trade system.

[m4m] 25/6/2008 19:54

Outlook for Carbon Trading

The carbon credit market, which is worth about $2.8 billion, will grow to about $311 billion by at least 2020, according to the latest release by the Carbon Rating Agency. Ian Johnson, chairman of IDEACarbon, discusses what carbon ratings can bring to the market and how investors can benefit from it.

[markralph] 23/6/2008 16:29

As a longtime follower of CLE i am now more than ever keen to learn more about people's perceptions for the companies short/medium term drivers of the SP, positive or negative!

Widely I view this trade as a play on US environmental sentiment and more specifically how CLE might be able to capture a leading position in this market with huge potential.

I remember there being some very interesting technical commentary on this thread this time last yr! ta.

[techmark] 16/6/2008 08:21

Takes out the April lows.

[verulamium] 15/6/2008 12:03

Some common sense from the Sunday Telegraph...


(second item)

The mad world of carbon trading

News from the global warming front becomes crazier by the week. As the latest data from the Met Office's Hadley Centre shows global temperatures falling this year to a level only slightly above what they were in 1979, the International Energy Agency presents the G8 governments with a report calling for the world to spend $45 trillion (£23 trillion) on halving its carbon emissions by 2050.

That is more than two thirds of the entire output of all the economies on the planet. Admittedly some of this unimaginable sum, it says, should be spent on nuclear power stations. But trillions more should go on 215 million solar panels, hundreds of thousands of wind turbines and, inevitably, on those "carbon trading" schemes beloved of Al Gore, rapidly becoming the most insane commercial racket ever seen.

It is not often that this column praises the BBC, but hats off to Mark Gregory, a World Service business correspondent, who recently reported (in the middle of the night) on how a UN scheme to save the planet is working in India.
Under the UN's Clean Development Mechanism, a small chemical firm in rural Rajasthan received 3.8 million "carbon credits" to burn off greenhouse gases that are a by-product of those used in fridges. Over the next decade the company will be able to sell these for a staggering $500 million to firms in the developed world, so they can continue "polluting".
Yet, as the company cheerfully explained, it would have bought the incinerator used to burn off those gases anyway. In other words, the $500 million is a free gift, handed over to achieve precisely nothing. Hardly surprisingly, 3,000 more firms are queuing up to join a bonanza already worth $10 billion a year.
By comparison, Swift's Academy of Lagado - where they tried to extract sunbeams from cucumbers, to provide warmth in cold summers - seems a temple of reason.

[j l] 13/6/2008 11:56

Priced for Sellers, CLE is.

I remain Short.

[techmark] 13/6/2008 08:11

The chart pattern looks wide open for fall to 1200p.

[j l] 10/6/2008 10:29

2400 zimbabwean p ;-)

[zakmundo] 10/6/2008 10:16

IF your wrong it wont stop until it hits 2400p

where it will be worth £1.2bn vs the LSE at £2.4bn - and LSE makes post-tax profits of £178m......

LOL!!!!

[praipus] 10/6/2008 09:41

IF your wrong it wont stop until it hits 2400p

[techmark] 10/6/2008 09:19

Breaks short term averages, looks set for a fall to 1400p.