Redt Energy Share Discussion Threads

[brucie5] 25/5/2018 09:48

Well, Scott clearly hasn't helped himself here, and certainly not the share price! Looks like drifting down to 6p again, to test support. Resetting options that this level are a bit like Liverpool management taking out an each way on the match against Real tomorrow, on the basis that they wouldn't be at all surprised if they lose the game, but have to show willing.

I've sold a few this morning; keep the majority for time being; and while I'm not conspiratorially minded like dlg3, my confidence in the CEO not just to execute but to lead by example, has been severely tested. I will be reviewing my commitment here.

[cheek212] 25/5/2018 09:31

Must have sold up and is now trying to get back in cheaper!

[greenmachine2] 25/5/2018 08:32

Dlg3 . Baxi is as I understand it at least historically was an employee owned company , not a coop or a partnership like John Lewis.As I see it from my quick online research that Verco I.e Camco uk advisory services or the like is the same structure . I share your frustration at the wording that the company uses when it disposes of non core assets etc, The Jan 2018 disposal mentioned in the Jan RNS, rather than the 2012 you refer to here was puzzling to me as , read in conjunction with the 2017 accounts it seems that Camco Africa was offloaded to the management for nothing with Scott and another director having a 5 percent share of it.Just precisely what is left of the legacy business when Redt tell us in the second half results who knows? It certainly won't be balance sheet sales of redt machines that drive the share price up in the next set of results, but sentiment and speculation.

[alchemy] 25/5/2018 08:31

Come on some blue please !

[alchemy] 25/5/2018 07:32

I meant Verco

[alchemy] 25/5/2018 07:26

You have my attention Dig, do Camco have any hardware offering . As a separate consultancy could they recommend Vanadium. Like PMM used to advise big FTSe companies to buy IBM ?

[dogrunner11] 25/5/2018 06:36

That link doesn’t work DLG?

[dlg3] 25/5/2018 02:36

I WOULD IMAGINE THE REMAINDER OF CAMCO WILL ALSO END UP THERE AT OVERMOOR FARM.......CHEAP COMPANY....PAID FOR BY THE SHAREHOLDERS OF CAMCO/REDT....

[dlg3] 25/5/2018 02:33

THE POINT AT WHICH CAMCO WAS TRANSFERRED TO THE EMPLOYEES AND BAXI THEN BECAME A DIRECTOR OF THE COMPANY APPOSED TO THE OWNER, IT LOOKS LIKE THE PLAN ALL ALONG.

[dlg3] 25/5/2018 01:48

BAXI MAY HAVE PURCHASED INITIALLY BUT THE PLAN SEEMS TO BE TO END UP IN FORMER EMPLOYEES HANDS, OF CAMCO THAT IS...

[dlg3] 25/5/2018 01:46

BAXI DISAPPEARED FROM THE ACCOUNTS IN 2013 AND THEY STARTED TO FILE SMALL COMPANY ACCOUNTS WHICH ARE LIMITED ON THE INFO YOU HAVE TO FILE.

[dlg3] 25/5/2018 01:12

IN 2011 CAMCO ADVISORY SERVICES WON A CONTRACT WITH THE DECC, WHICH WILL NOT SHOW UP IN THE 2010/2011 ACCOUNTS, BUT WOULD SHOW UP IN THE 2011/2012 ACCOUNTS, IT WAS PROFITABLE BEFORE THE CONTRACT,SO IT WOULD BE MORE PROFITABLE THE YEAR AFTER THE SALE, SO WOULD HAVE BEEN SOLD FOR MORE MONEY, BUT THAT IS WHY IT SOLD THAT YEAR.

[dlg3] 25/5/2018 01:06

London, 16 January 2012)

Camco International Limited ("Camco"), a global developer of clean energy projects and solutions to reduce greenhouse gas emissions, is pleased to announce the sale of its UK advisory business, Camco Advisory Services Limited, to Baxi Partnership Limited.

The UK advisory business currently employs 58 staff and was purchased as part of the ESD transaction([1]) in 2007. The business was successfully turned around from being loss making in 2009 to profitable in 2010 and 2011([2]) with a net profit before tax in 2010 of GBP0.5m.

The sale follows a review by the Camco Board in which the UK advisory business was considered to be outside the Company's core business of clean energy project development and carbon. The cash raised as part of this transaction will be used to grow these businesses in its key geographic markets.

Following the sale, Camco, with its expert team of 126 staff remaining around the world will continue to build up its energy project development business across North America, Africa, and Asia, with an anticipated portfolio of energy projects of approximately GBP250m value to be built and invested in over the next 24 months. The group announced on 10 January 2012 that its North American Biogas project has commenced power generation and that further investment was made to secure grant funding for its next phase of biogas projects of approximately $50 million capital cost.

In addition to the growing energy projects business Camco continues to leverage value from its carbon portfolio particularly its post 2012 portfolio which currently stands at 39.9 million tonnes of in specie credits and 27.5 million tonnes of revenue share credits and its growing North American carbon portfolio.

Camco will continue its advisory business in Africa and leverage its expertise and presence to expand into carbon and energy projects under favourable regulation in that region. Camco will also continue to provide certain advisory services globally outside the UK in regions where it provides strategic benefit to the development of its core clean energy project and carbon businesses.

Total consideration for the sale of Camco Advisory Services Limited (UK) is GBP4.5m comprising an initial GBP3.25m paid on closing and GBP1.25m over the next two years through an earn-out structure. The business sold has a book value to the company of GBP2.1m.

Scott McGregor, Camco CEO said

"Camco has now transformed the business into a clean energy project development business alongside a carbon projects business. After a successful turnaround of the advisory business it made sense to put 100% of our efforts and resources into growing these core businesses in North America, Asia and Africa. This transaction allows the UK Advisory team to grow and expand independently and we wish them great success for the future, thank the team for their hard work and we look forward to collaborating on future projects" ([1]) Included in the original ESD transaction was an interest in a UK wind farm asset which was sold late last year for GBP1.1m, the ESD African advisory business which the company will grow and expand into an African projects business and an interest in a fuel cell business which Camco currently controls 66.5% and which was recently valued at EUR5.4m

[dlg3] 25/5/2018 01:06

THAT LINE DOES SAY SALE TO BAXI PARTNERSHIP??? YOU MUST READ THE RNS, IT SAYS NOTHING OF A EMPLOYEE BUYOUT, SCOTT MUST HAVE KNOWN!!!

[dlg3] 25/5/2018 01:03

Camco International Ltd Sale of UK Advisory Business for £4.5m
16/01/2012 7:00am
UK Regulatory (RNS & others)

Camco International Limited ("Camco"), a global developer of clean energy projects and solutions to reduce greenhouse gas emissions, is pleased to announce the sale of its UK advisory business, Camco Advisory Services Limited, to Baxi Partnership Limited.

The UK advisory business currently employs 58 staff and was purchased as part of the ESD transaction([1]) in 2007. The business was successfully turned around from being loss making in 2009 to profitable in 2010 and 2011([2]) with a net profit before tax in 2010 of GBP0.5m.

[dlg3] 25/5/2018 01:01

The disposal follows a review in which it was determined the unit was “outside the company's core business of clean energy project development and carbon”.

DOES THIS LINE RING ANY BELLS ???? OUTSIDE CORE BUSINESS, MAYBE A 700,000 NON CORE BUSINESS BEING DISPOSED OF.... FOR NOTHING...

[dlg3] 25/5/2018 00:56

THAT IS WHY IT ENDED UP AT DR JEFFERY KENNA,S HOUSE !!!! BUT YOU DID NOT WANT IT TO BE SEEN AS SUCH, I AM SURPRISED KENNA CAN SIT ON REDT,S BOARD OF DIRECTORS TAKING MONEY FROM THE SHAREHOLDER HE DECEIVED,FAILED TO TELL THAT IT WAS ENDING UP AT HIS HOUSE AND IT WAS NOT BEING SOLD TO BAXI.

i HAVE NOT EVEN STARTED ON THE BIOGAS YET.

[dlg3] 25/5/2018 00:52

SO SCOTT CAMCO ADVISORY SERVICES WAS A MANAGEMENT BUY OUT, NOT A SALE TO BAXI....

[dlg3] 25/5/2018 00:51

In addition to implementing the transition to employee-ownership (VERCO)

Camco International (LON:CAO) said it plans to sell its UK advisory services business to Baxi Partnership for a total of £4.5 million.

The disposal follows a review in which it was determined the unit was “outside the company's core business of clean energy project development and carbon”. (CAMCO)

NO MENTION TO THE SHAREHOLDERS ABOUT A EMPLOYEE-OWNERSHIP, WHY???? IT WAS RNS,D AS A SALE TO BAXI.....

Camco chief executive Scott McGregor said: "Camco has now transformed the business into a clean energy project development business alongside a carbon projects business.

“After a successful turnaround of the advisory business it made sense to put 100 per cent of our efforts and resources into growing these core businesses in North America, Asia and Africa.

“This transaction allows the UK Advisory team to grow and expand independently and we wish them great success for the future, thank the team for their hard work and we look forward to collaborating on future projects."

[dlg3] 25/5/2018 00:44

Camco wins DECC tender to establish cost-effective emission reduction potential in the public sector
PUBLISHED ON 23RD MARCH 2011
Camco International Limited (‘Camco’, AIM:CAO), a global developer of emission reductions and clean energy projects,is pleased to announce that its Advisory business has won a prestigious contract from the Department of Energy and Climate Change (DECC) following a competitive tender process. As part of the Government’s commitment to being the greenest government ever, DECC has appointed Camco Advisory to assist in establishing the cost-effective emissions reduction potential available within the public sector as well as the likely level of cost and carbon reduction that can be realised as a result.

Camco’s work will inform the assessment of the public sector’s low carbon potential by establishing the current level of public sector emissions and assessing the potential of different technologies for delivering carbon reductions and financial savings.

In addition, Camco will be assessing Display Energy Certificates (DECs) across the public sector to assess trends in energy ratings over the last three years. This work will support both DECC’s Public Sector Low Carbon Programme, and DECC’s broader work considering non-domestic buildings.

Dave Worthington, Director Camco UK Advisory said:

“We are delighted to be undertaking this work for DECC and to be playing a role in the identification of cost and carbon savings at a critical time for public sector finances. We fully support DECC’s goal of building on the Prime Minister’s 10:10 commitment and embedding cost-effective carbon reduction right across the public sector.”

Scott McGregor, Camco Chief Executive, said:

“We are excited about the opportunity to deliver this project to DECC. This work is consistent with a trend we see in the market globally where public and private enterprise are now actively identifying and taking action on emission reduction and energy efficiency initiatives.”

[dlg3] 25/5/2018 00:31

IT LOOKS LIKE SOME ARE NOT LOOKING AFTER SHAREHOLDERS INTERESTS AND COULD BE LOOKING AFTER THEIR OWN...

[dlg3] 25/5/2018 00:29

NICE PLAN NOW SCOTT CAN JOIN THE OLD TEAM WITH THE REST OF CAMCO AND THEY HAVE ACQUIRED A CHEAP GLOBAL COMPANY.....

ONLY THING IS I THINK THERE ARE LAWS AGAINST THAT SORT OF THING