Commoditrade Share Discussion Threads

[the drewster] 04/8/2009 12:09

I think the real kick in the nuts was when they only partly distributed the cash proceeds on the basis they needed funds for corporate entertaining etc. ... and then silence and no further distribution, quite unbelievable arrogance.
No doubt he will be back again, though I will be very wary about any entry and exit points should I have the nerve.

[a2584728] 04/8/2009 11:26

We all lost money on CVS down to Reagan and his bunch of financial pushers!!!!!!!!!!!

[the drewster] 04/8/2009 10:33

Sheeneqa - not the same boys at all. What sort of deal was struck between them will probably never be known though, so I respect your scepticism.

I have no position here, but took a fairly mighty hit over CVS and have lost a few friends over the episode to boot.

[nickcduk] 04/8/2009 08:47

We should in theory be trading very well at present. Commodity markets rising very sharply and lots of speculative money return to the space. Proof will be in the results though. Not inclined to do anything before then.

[sheeneqa] 04/8/2009 07:56

Same players IMHO, just shuffled the deck.... Bluecrest and Brewers -managers for wealthy clients...... nudge nudge! Nods as good as a wink Eh. NAG,DYOR ect

[truffle] 03/8/2009 16:16

Well, it would be nice to hear some sort of news from the company as to how it is doing. Should be getting the interims sometime next month.

[kooba] 03/8/2009 15:43

LONDON (Thomson Financial) - Corvus Capital Inc. said it has sold 76 million
shares of Commoditrade Inc. to Bluecrest Capital Management Ltd. for an initial
6.84 million pounds.
The investment company said it retains one Commoditrade share.

[sheeneqa] 03/8/2009 15:30

The Drewster - 3 Aug'09 - 13:09 - 2358 of 2358


But those people are no longer involved are they? I thought they sold up, lock stock to these new boys?


New boys, who would they be?

[the drewster] 03/8/2009 13:09

But those people are no longer involved are they? I thought they sold up, lock stock to these new boys?

[sheeneqa] 03/8/2009 12:48

Suspect this is going down the same road as corry, resurrected later for the gang bangers.......

[truffle] 25/6/2009 10:44

A few very large trades gone through yesterday and to-day.
Any views on them or how the company is doing - it has all gone very quiet.

[dasv] 01/6/2009 18:59

no worries - add your portfolio to finance.google.co.uk and you will get news relating to your stocks. Can be very useful if you have too many stocks like me...

[kallista] 01/6/2009 17:20

Thanx DASV. Good spot.

Bought a few of these on Friday having previously sold out at around 50p. Seems like a long time ago now.

Noticed the offer suddenly jump to 9.25. Is there a big order only partially filled or what? If anyone with level 2 can shed some light that would be much appreciated.

TIA

[amelio] 29/5/2009 15:16

Cheers Dasv

[dasv] 29/5/2009 15:03

Commoditrade Plans to Start Energy Hedge Fund in Fourth Quarter
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By Chanyaporn Chanjaroen

May 29 (Bloomberg) -- Commoditrade Inc. plans to introduce an energy hedge fund in the fourth quarter, complementing a fund that invests in industrial metals.

The new fund will use the relative-value strategy followed by the metals fund, Chief Executive Officer David Phipps said yesterday in a phone interview. He declined to comment on the performance of the metals fund, the AMCO Commodity Fund, which Georgetown, Grand Cayman-based Commoditrade bought in February.

Commoditrade and competitors are opening energy funds as oil futures listed in New York rebound from the worst slump ever. Galena Asset Management Ltd. started an energy hedge fund this month that it said may expand to more than $1 billion. Andrew Serotta, who worked for Vitol Group, aims to raise $100 million for an oil hedge fund called Logista Capital.

"Energy is the largest commodity market, with a significant number of products that suit a relative-value strategy," said Phipps, 45, who formerly worked at ABN Amro Bank NV and UBS AG. "It has good overlap with other markets -- for example, with biofuels and sugar."

A relative-value fund aims to profit from changes in prices of different commodities or multiple contracts of a single commodity. For example, a fund might buy copper while selling aluminum or purchase crude for September delivery and sell the December contract.

More Traders

Kristofer Tremaine and Chetan Shah, former energy traders for Hess Energy Trading Co. and Credit Suisse Group, respectively, will run the new fund initially, according to Phipps. Commoditrade aims to hire more traders for the fund, he said.

London-based Galena's fund is led by former Morgan Stanley trader Claude Lixi. The AMCO Commodity Fund, which has about $70 million under management, was founded by Keiron Mathias and Chris Adams and started trading non-ferrous metals in May 2006.

Oil futures have rallied 48 percent this year on the New York Mercantile Exchange. The Organization of Petroleum Exporting Countries, accounting for 40 percent of global crude supply, decided yesterday to keep production quotas unchanged, anticipating a recovery in demand toward the end of the year.

Crude for July delivery gained $1.04, or 1.6 percent, to $66.12 a barrel on Nymex at 2:12 p.m. London time. Oil is heading for its biggest monthly advance in a decade after adding 23 percent in the past three months.

Energy Brokerage

Commoditrade aims to start a brokerage service for energy as well as emissions and agricultural products including coffee, cocoa and sugar, said Phipps. He headed ABN Amro's commodities team for almost 10 years until UBS bought the bank's futures business in October 2006, after which he was co-head of commodities at UBS through January 2008.

Commoditrade went public in London in 2005. The shares rose 0.25 penny, or 3.3 percent, to 7.75 pence at 12:33 p.m. local time today, giving the company a market value of 27 million pounds, and have added 35 percent this year. London-based BlueCrest Capital Management Ltd., which oversees about $12 billion, is the main investor with a 27 percent stake.

[amelio] 29/5/2009 11:49

You encouraging us to become light of our feet Queeny? You seen to luv that saying.

[sheeneqa] 29/5/2009 11:36

Paddy you have been saying that from when these were around 40p, get back on your caterpillar.....

These like many AIM companies are run for the benifit orf a few!

However with a bit orf phony PR like the last time money may be made if you are very light on yer feet!

[amelio] 29/5/2009 10:54

Agreed. Some decent articles on the business over the past few months but nothing to reflect that in share price.

Will continue to hold modest amount.

[truffle] 29/5/2009 10:28

I imagine on balance that the company is probably doing quite well, and the recent share options granted to the CEO were a good sign, but still a pity this increased activity is not being fully reflected in the share price just yet.

[paddyfool] 29/5/2009 10:02

These guys will be doing very well, volumes and volatilities on the commodity markets they are trading is at record levels. Also they have membership to certain markets which is a serious barrier to entry. Hold tight this will come good, potentially very good.

[amelio] 27/5/2009 14:58

Who knows, who knows...

[truffle] 27/5/2009 14:42

Anything happening here? It all sems to have gone quite quiet although some quite decent sized trades going through yesterday and to-day.

[qs9] 17/5/2009 20:56

Wouldn't be surprised, but hope management (just optioned up) will stay the course and deliver some decent numbers for us to enjoy for a change!

[kooba] 15/5/2009 13:15

whispers of an mbo...probably gossip.could be the last snub to pi's by trying to take it private before the cash starts to flow again.

[sheeneqa] 15/5/2009 13:08

Come on lads you know you want to talk, we are waiting?