Climate Exchange Share Discussion Threads

[the_doctor] 13/10/2008 15:47

So close to shorting this at 20.00
Held off though due to losses elsewhere and the fear that this could have been a bid target (a reason for the buying)
Bah!

[liquidkid] 07/10/2008 16:27

Significant falls in stock lending:
Climate Exchange – 5.99% of market cap on loan in September, down from 7.84% in August and 8.65 in July.

[techmark] 25/9/2008 09:04

Weak retracement of the fall, 800p next level. Lehman Brothers holding of 3.9 million shares will need to find a new home as well.

[scburbs] 16/9/2008 21:50

Good to see some reality setting in here. Shame my short position is quite small.

[techmark] 16/9/2008 09:35

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

[zakmundo] 16/9/2008 09:14

There has been no Holdings RNS since 26Feb which disclosed the 8.8% position, so it is fair to assume such holding is still valid.

[techmark] 16/9/2008 08:56

Can anybody confirm if Lehman still has an 8% stake here, because if it does they will have to liquidate at some point.

[techmark] 16/9/2008 08:46

Lehman Brothers shut their carbon trading desk.

[techmark] 16/9/2008 08:36

Gsands,

Below 1200p :-)

[alexx] 12/9/2008 14:49

Interims to be announced on 18/9

[techmark] 11/9/2008 08:11

1550p on the brink of going. Next stop would be 1200p and then 800p.

[viewtoakill] 10/9/2008 11:25

I think if we're able to break through the previous 1550 support we could head down to the £8 mark and the stock would still be relatively expensive on fundamentals. I think they have their results out on the 18th next week so could also explain the fall over the last week or so.

[davidosh] 10/9/2008 09:42

Indeed the support at £16 looking to be seriously tested

[techmark] 10/9/2008 08:59

About time this one started to crack on the downside. There appears to be no desire for the shares above £20.

[jiopl] 27/8/2008 17:45

"New emissions indexes unveiled by Dow Jones and CCX"

[liquidkid] 15/8/2008 16:15

duh, the biggest trade of the day was a 10,000 share open market sell at 1616
when the bid ask was 1630/1667. Everything else has been circa 500 on total volume of about 50k which is about average. I'd call this rise a tree shake for shorters on weaker branches.

[liquidkid] 15/8/2008 12:55

What the papers say / THE INVESTORS CHRONICLE / Tips Updates / Climate Exchange - High enough

[liquidkid] 14/8/2008 14:20

Any idea if any RWE type contracts went through CLE? One thing to note is that generally high prices tend to reduce trading..

bloomberg - RWE Profit Falls 67% on Derivatives and CO2 Emissions
Carbon dioxide allowance prices jumped 61-fold in the second quarter to an average 25.61 euros a metric ton, compared with 42 cents a year earlier, when the European Commission allowed nations to hand out too many permits. The allocation in 2008 was slashed by 9.4 percent.
RWE had to buy 276 million euros worth of permits in the period compared with 11 million euros a year earlier. Conditions for buying the certificates are now ``much less favorable for power producers,'' and prices ``will continue to be high,'' the utility said in a statement.

[viewtoakill] 13/8/2008 11:06

Interesting times...

If this can break down through previous support of around 1615 we really could see it go down to 800. I remain short...

[scburbs] 08/8/2008 17:30

LiquidKid,

My short position earns interest it doesn't cost me money to keep it open. Whilst the share price flatlines (which it isn't at the moment) I make money, albeit not very much!

Flatlining share prices are a much bigger probably for long sb/cfd's than short positions.

[alexx] 08/8/2008 16:24

Now below the June low, best 2 day fall for a very long time, this is normally where I get overenthusiastic and double up instead of taking profit, will try doing nothing as a compromise

[liquidkid] 08/8/2008 10:57

Could be different this time for the downside
- shorters looked to have lost enthusiasim on this, maybe out of money its been over 3 months of flatline share price enough for anyone on borrowed stock to have to close out
- High volume share price fall, someone big is getting out - its that old rogue
Ganvenen Sakhs reducing their stake under 3%
- Failure to break £20 could be the right shoulder next to the June head
- The whole world has gone down in value its about time hot air got a revaluation

[gsands] 04/8/2008 09:21

Share price remains strong, despite high valuation. Market obviously believes that profits will grow rapidly here.

Chart suggests further upside is imminent.

[alexx] 28/7/2008 17:42

City Index opened a short for me about 2 weeks ago, when IG wouldn't