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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Merrill L.N.EN. | MNE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 71.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 71.50 | 71.50 |
| Top Posts |
|---|
Posted at 21/2/2008 14:59 by m.t.glass Eco stocks inevitably include some adventurous cutting edge companies, some of whom will crash. Such moments tend to briefly knock sentiment throughout the sector, generating useful price dips in the ones that are OK. As long as investors can identify which ones those are ;o)I am not always impressed by the lists of stocks that fund managers rope into their green portfolios - both from the questionable degree of greenness, and from the sheer riskiness of the selected companies! |
Posted at 21/2/2008 14:23 by gsands This week on BBC's Working Lunch there has been a feature on renewable energy technologies, starting with solar power on Mondays episode.Very interesting for investors like us who are believers in the renewable energy revolution. All the episodes are archived on BBC's iPlayer website: A must see for all MNE holders and other renewable technolgy investors. |
Posted at 18/1/2008 09:49 by praipus Thanks Garth, bit dissapointed the company didnt use this chart in their annual report. Reality checks are very important for Investment Managers and private investors IMHO. |
Posted at 11/1/2008 12:11 by hoggetwood Spangle: The announcement does look plausible as the cause of the selling. But, as you say, the uk energy stance shouldn't be especially relevant to mne. Maybe uk INVESTORS haven't realised this. In any case, it seems to me unlikely that alternative energy companies - even in the uk - will suffer damage. |
Posted at 02/1/2008 13:34 by spangle93 Happy new year to all!Praipus and other helpful folk, can I ask for help? Mrs Spangle, who's the green ideallist (as opposed to me who's the green investor) has some cash in an ISA, but it's held in a fund supermarket, so realistically, unless I transfer it to another ISA provider and set up an account for her there, I have to find a unit trust that meets her needs. But the areas she wants to invest in are those covered by IEM, ECWC, and MNE, which are IT's. We did take out a IEM unit trust last year, but it involved money changing about 4 currencies (though a UK IFA, it's an Irish fund with an American parent based in Luxembourg or something), so literally it took a month from us writing a cheque to them buying units. We've found the Neptune Green Planet Fund, Schroder Climate Change, Jupiter Ecology and Environmental, and Henderson Industries of the Future, which are sort of in the right direction, but not really aligned with the ITs. Can anyone suggest a UT that we may have overlooked, that would parallel the sectors that MNE and others are in? |
Posted at 31/12/2007 12:59 by hoggetwood Sorry it hasn't met your target, rd,but at least share price hasn't fallen! Many private investors will probably have deferred buying until the new year. And talking of New Year: all best wishes for it. |
Posted at 24/8/2007 10:45 by praipus Cant see it, what follows is a link to the annual report via the investment manages website |
Posted at 05/6/2007 15:01 by spangle93 Anyone else get this today?June 05, 2007 INTRODUCING POWERALTERNATIVES.CO As investors who recognise the potential for investment opportunities strongly correlated to currently debated global themes, Minesite readers will welcome the official launch of our news website devoted to alternative, or green, energy PowerAlternatives.co The number of recognised 'green energy' companies listed in London is approaching 100, whilst many others should be considered for this category including those operating in the environmental, water, and nuclear sector. The number of companies worldwide is far greater, offering investors some superb investment opportunities. A London based fund, Impax Environmental Markets, has seen growth in its funds approaching 30 per cent for the last four years. The sector has already reached a sufficient stage of maturity to see returns enhanced by merger and acquisition activity. For PowerAlternatives.co The sector already has its success stories such as Clipper Windpower (AIM-CWP). Its share price has moved from around 200 pence when it floated on AIM in 2005 to over 900 pence by late May 2007. Some sectors such as biofuels have been more speculative and have suffered from poor understanding of regulations and overcapacity. The trials and tribulations of the UK's Biofuels Corporation (AIM-BFC) amply demonstrate this. In this sector there are virtually no peer groups for purposes of comparison. Every company has to stand on its own merit. PowerAlternatives.co The PowerAlternatives.co We encourage our readers to visit the site and hope that it will become a vital source of information. It has the potential to grow very fast. You should be able to sign-in to the site using the same username and password as you use for Minesite. If you have any problems please email support@minesite.com If you did not choose to receive the PowerAlternatives newsletter when you signed up for Minesite you can opt-in by going to Manage My Profile and ticking the box. You are receiving this email as a signed-up reader of Minesite. Unless you choose to receive our newsletter you will not receive any further emails from us as we respect your privacy. We attach a selection of the most recent news and hope that continue to enjoy our alternative energy news on www.poweralternative |
Posted at 03/1/2007 11:16 by asparks My top tips for 2007 are renewable energy companies. for a fairly comprehensive list seeFinancial Times article > Renewable energy begins to pick up speed as an investment > By Fiona Harvey and Kate Burgess > > Worrying about the environment is not the prerogative of a fringe of > ageing hippies it once was. It has become one of the hot topics of the > capital markets. > More than $70bn (£36bn) of new money was invested globally in clean or > renewable energy or clean technology last year, says Michael Liebreich > at New Energy Finance, a specialist research firm. That was a 43 per > cent increase on the year before, he says. > He reckons there are more than 1,246 private equity funds targeting > environmental projects: "All the biggest private equity houses are > looking at this space." > The latest to launch a fund was Hg Capital, which reported last week > it had raised EUR330m (£222m) for a fund investing in renewable power > in Europe. > Conventional asset managers and hedge fund managers are joining the > fray. According to the UK Social Investment Forum more than EUR780bn > had been invested in socially responsible investments and funds and > the bulk of SRI funds use environmental criteria to pick stocks. > Standard Life Investments and Merrill Lynch Investment Managers have > both highlighted the environment as an important investment theme for > 2007 as environmental issues become more integrated into mainstream > asset management and corporate behaviour. > "Investors are seeing potential for profits, from the trading of > pollution permits to investing in new technologies and approaches > designed to cope with increasing scarcity of resources such as oil and > water," says Standard Life. > As the investment case for renewable energy strengthens, more > companies are being drawn to list on the public markets. > So far 50 companies focused on renewable energy have floated on Aim > and more are expected in the next year or so. > Wind power and ethanol turned out to be the best bets for investors > last year in the burgeoning market for renewable energy. > The highest performing renewable energy stock on Aim, by a large > margin, was Clipper Windpower, the developer of wind farms in the US. > Clipper, whose chairman is the former Conservative minister Lord > Moynihan, more than doubled in value during the year, continuing the > strong performance since the company listed in September 2005. > Shares in Clipper jumped more than 75 per cent in July when the > company announced a deal with BP to develop jointly five wind farms in > the US. > Wind is the most mature of all renewable energy technologies and > companies with good wind sites can make substantial profits as > electricity prices have remained high. > Turbine design has advanced to allow much more power to be generated > than was possible in the past, up to 3MW or even 5MW in the case of > the biggest models. In addition, most developed country governments, > including the UK and the US, offer a subsidy for wind power > generation. > The mixture of government support, high energy prices, carbon trading > and concerns about the security of energy supplies have all combined > in the past two years to make renewable energy an attractive sector. > High energy prices have changed the economics of renewable energy, as > has carbon trading, initiated by the European Union in January 2005, > which puts an extra cost on fossil-fuel power generation, making > renewable energy more economical. > More than £500m of wind turbines were commissioned in the UK in 2006, > according to the British Wind Energy Association. > But investors ought to be wary of the potential problems associated > with wind power. > Shane Woodroffe, director of renewable energy at Fortis Bank, notes > there are estimated to be more wind farms in planning in the UK, or > about 2GW to 4GW of generating capacity, than there are wind farms > already operating. > That reflects the difficulty of gaining planning permission from local > authorities. Companies must also get permission for any additional > networks of large pylons that must be set up to connect remote wind > farms to the electricity grid. > Many of the UK's windiest sites, and those where planning permission > is relatively easy to obtain, have been taken. > Potentially more damaging to investors is that the Department of Trade > and Industry is to review its subsidy regime in 2007 and may reduce > the money available for onshore wind farms. > The Carbon Trust, one of the government's chief advisers, has called > for other less mature technologies, such as offshore wind farms and > tidal and wave energy, to be favoured in future. > Complicating matters further is a global shortage of wind turbines, > caused by greatly increased global demand and high steel prices. > David Fitzsimmons, chief executive of Novera Energy, one of the UK's > biggest pure play renewable companies, says he expects consolidation > to take place this year. "We're taking this forward from being a > cottage industry," he says. "I think the interest will be in > [companies with] existing assets rather than developing new assets." > Ethanol companies such as Renova Energy and GTL Resources also fared > well in 2006. They are cashing in on the ethanol boom in the US. > However, there are potential dangers for these companies too. The crux > of their business model is to exploit the lower price of ethanol > compared with petrol. > Yet those economics are changing as a bad grain harvest in many places > has pushed up the price of their raw materials, while the oil price > has come off its recent highs. > Investors putting their faith in other biofuels will have seen mixed > results. D1 Oils, a company founded and chaired by entrepreneur Karl > Watkin, plans to make biodiesel from the jatropha plant, which it > believes it can grow in countries such as India. > The company's shares have almost halved since April. It said this > summer it was in early discussions about a buy-out but instead is > raising nearly £50m by means of a share placing. > In the meantime, a series of problems at its Teesside factory has > beset the indebted Biofuels Corporation, which warned last month it > would have to seek more funding next April in order to continue as a > going concern. > Emissions trading specialists have sprung up to take advantage of the > new markets in carbon dioxide brought into being by the Kyoto protocol > and the European Union's greenhouse gas emissions trading scheme. > These have also experienced divergent fortunes. Climate Exchange was > one of the best performers of "clean energy" companies on Aim, but > Trading Emissions lost value during the year. Yet the UK is likely to > remain the centre for emissions trading for the foreseeable future, > according to Paul Newman, London managing director at Icap Energy (see > profile below). > One of the renewable energy technologies to have received most hype in > the past few years is the fuel cell. These devices, which generate > electricity from hydrogen or ethanol, have been around for decades. > However, the technology to make them has not yet been proven and it > remains several years from widespread commercial application. > In April this year, the fuel cell specialist ITM Power was one of the > relative heavyweights among renewable energy companies because it had > found a way to make it cheaper to produce some of the important > components in hydrogen fuel cells. > However, as it became clear this technology would take years to come > to market, the company's value fell from £140m to £125m. > Renewable energy in general is poised to receive more investment in > 2007, according to Mr Woodroffe of Fortis. "I'd say this will be one > of the big growth markets, definitely." > Venture capitalists are also taking a keen interest. Mark Kerr, a > director at 3i, which last month invested EUR30m in Electrawinds of > Belgium, says: "The economics of renewable energy are more compelling > than the economics of traditional power generation opportunities from > a venture capital perspective, because traditional power is a mature > industry but renewable has huge opportunities for growing companies." > He said he also expectedto see consolidation in the renewable > industry, whichis characterised by a large number of small companies > and a few big energy companies that dabble in renewable energy. |
Posted at 23/2/2006 10:13 by asparks Green power comes of age as big investors buy into fuel cell firm Terry Macalister Thursday February 23, 2006 The Guardian The Australian-based technology company Ceramic Fuel Cells said yesterday that it was raising £37m on the London Stock Exchange (LSE) to fund a new factory, probably in the north of England. The move came just a day before a US carbon credit specialist, Econergy International, sees its shares traded on the Aim market amid soaring values for "green" power firms. Next week the LSE hosts a "new energy" seminar expected to attract big names from the investment community, such as Merrill Lynch and Rothschild. The CFC fundraising was executed via a share-placing with institutional investors, which will give the company a market value of a little over £60m. More than 90 new institutional investors in Britain and elsewhere in Europe as well as specialist socially responsible funds took part in the oversubscribed placing, the company said. CFC plans to commercialise its solid oxide fuel cell technology for use in combined home heating and power systems. Brendan Dow, chief executive, said that his company could offer greener and more efficient boilers with integrated fuel cells run on natural gas for about £3,000. This compares with the £2,000 cost of a current condensing boiler as mandated by the British government. No decision has been taken as to where the new factory will be located in Europe but Mr Dow said there was a "very good chance" it would be in the north of England or north Wales. Up to 200 people would be employed. If successful, there could be more facilities built, Mr Dow said. CFC shares, which are already listed on the Australian market, are expected to start trading on Aim on March 2. The company could join a growing number of companies, such as Johnson Matthey, which are producing fuel cells in Britain for household, transport or industrial use. Mounting interest in low-carbon technology has led to a stampede of tiny companies to the LSE, such as Voller Energy, which produces fuel cells for yachts, and Ceres Power. Impax Partners, which invests in alternative energy firms and which itself listed on Aim in 2001, has trebled its funds under management to £260m in the past year alone. Ian Simms, chief executive, said: "Mainstream investors are increasingly aware of the growth opportunities in environmental markets and of our ability to seize these opportunities on their behalf." Impax now manages money for many institutional investors such as British Airways' pension fund and Friends Provident. A seminar on renewable companies held at the LSE last October attracted large City firms such as Merrills and Rothschild. Big industrial groups such as GE of the United States and Germany's Siemens have expanded into this sector by taking over smaller alternative power firms. |
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