Sparkco2etcsec Discussion Threads

[outsider] 07/7/2010 09:06

just have a feeling that 40,000 sell is the last of overhang? why? because only 27,000 bought and the mm paid 19p.....lets see.

[outsider] 07/7/2010 09:04

well only up a fraction at 19-20.5 I would have thought more but this is PLUS, hopefully get re-rated over next week or two....60,000 traded already.

[outsider] 07/7/2010 08:56

well done good for you.

[envirovision] 07/7/2010 08:49

I have just tried to buy 17451 shares limit 20p, i remember ecosecurities which i bought at 20p and made a killing in the takeover, that was nice.

I have just been told the order was filled as i type.

[outsider] 07/7/2010 02:41

Looks like we aren't the only ones who value CD at 100-199p then!!


Going to download now.

[envirovision] 06/7/2010 19:16

Indeed and an interesting read, note:

EPS, Diluted A 2010=6.74p F 2011=10.18p and get this F 2012=18.68p

The current price of 19p represents a historic PER of 2.9x on 2010A fully diluted
earnings, and a 2011E PER of 1.9x, and in our view severely discounts the future
growth potential of CarbonDesk. Taking the average 2011E PER of the peer group
of companies and applying it to CarbonDesk‟s 2011E diluted earnings, a target
price of 199p is obtained. Even if a substantial discount of 50% is factored in to
reflect the uncertainty following COP 15 and the company‟s early stage, that
would still arrive at a medium term (12-18 months) share price target of 100p.

[penpont] 06/7/2010 18:43

Just had an 18 page report from Equity Development emailed to me re. this Co.

They have a med term 100p target.

[outsider] 02/7/2010 03:28

May 2010.
Trayport Limited, the leading provider of multi-asset broker trading solutions, today announced its GlobalVision Broker Trading system will be used by CarbonDesk. CarbonDesk is an independent emissions broker offering clients dealing in all major emissions products both on-exchange and OTC.

CarbonDesk's clients include industrial companies with compliance obligations under the European Union's Emissions Trading Scheme (EU ETS), voluntary purchasers, project developers and financial institutions. Trayport's GlobalVision Broker Trading System provides CarbonDesk's brokers with electronic trading capabilities to support their voice operations and facilitates a hybrid brokerage model for over-the-counter (OTC) trading in carbon emissions.

Daniel Edelman, Head of Dealing at CarbonDesk said, "CarbonDesk's growth has been rapid and we have already established ourselves as an independent carbon credit broker as well as providing advice to developers of projects with the potential to generate carbon credits. Trayport's GlobalVision Broker Trading System is a major step in allowing us to create a highly profitable broking business with revenues generated through broking carbon credits on behalf of clients on both the buy-side and the sell-side".

"It is encouraging that GlobalVision Broker Trading System is gaining increased use by brokers trading emissions. This is another important step in adding liquidity to carbon markets in Europe. CarbonDesk is an important player in these markets and their growth and move to electronic trading is a key indicator of the company's intent for the future," said Dan Smith, Head of Broker Trading Systems at Trayport.

[outsider] 02/7/2010 02:46

Well I think first and foremost grow the business, they can't be happy with the share price, so events that could happen:


To increase share price pay a dividend they could for example afford 5p right now out of the circa 11p basic eps, which would give a yield of 25%.


Second they may want to be acquired at some point for a much much higher price than market dictates



Third they could move to AIM or get fully listed



Fourth they could initiate some coverage.

[envirovision] 01/7/2010 14:37

What do you see the long term plan here? I mean its pretty pointless directors owning bucket loads of shares when the shares are so undervalued. Theres zero liquidity, exposure or interest here on plus markets. What do you think the game plan could be?

[outsider] 01/7/2010 03:48

50k sold at end of day, so a seller matches the buys again. Hopefully the overhang is nearing it's end.

[envirovision] 30/6/2010 13:36

19.9 in the end, quite a few buys today smallish though like mine.

[envirovision] 30/6/2010 12:13

Put an order in for 10K more, pointless quibling over whether you can get them cheaper with limit orders or waiting around for a penny discount etc, because they are silly money already.

[outsider] 30/6/2010 10:19

In April director buying at same price DYOR:

CarbonDesk Group Plc announces that, on 20 April 2010, Brad Allan, a Director
of the Company, purchased 50,000 ordinary shares of CarbonDesk at a price of
19.5p. The shareholding of Brad Allan in the Company following this transaction
is 285,000 ordinary shares representing 3.4% of the total ordinary shares in
issue.

[outsider] 30/6/2010 09:58

added 7500 aT 19.5P you might be able to get cheaper.

[outsider] 30/6/2010 09:04

i see we have the following institutions invested:


Yew Tree Investments Limited 1,000,000 11.88%
Astoncraft Limited 472,900 5.62%
Bayside Securities Limited 400,000 4.75%
Wield Golf Limited 350,000 4.16%
Tarek El Babir 300,000 3.56%

[outsider] 30/6/2010 08:52

maybe there is a seller who is matching the buys, it seems so recently.

[outsider] 29/6/2010 02:24

well this is kinda exciting now as I understand it:

End Dec 09, 282,347 GBP
End Dec 10, 901,818 GBP
End Dec 11, 1,803,636 GBP

These are the targets in the prospectus (you can download on the PLUS site)


So if they reach 1.8m they appear to now be saying only 11,814,155 can be issued for fully diluted earnings.


So if after announcing 1m+ profits today they reach the 1.8m target which I think is after tax, that would give them circa 16p eps and a prospective p/e of about 1.2
On a p/e of 1 assuming the profits were just maintined the share price would almost be forced to double of course if they were exceeded it would be almost forced to move more significantly....I use the word forced as the the profits would exceed the mkt cap by 100%.


Apply different ratios and you get


p/e 5 share price 80p
p/e 10 share price 160p
p/e 20 share price 320p


Looking to me this really is a rock bottom share price.

[outsider] 29/6/2010 02:14

So if 11,814,155 shares get issued and we reach 1.8m profit, which after todays figures seems within reach, that should be around circa 16p eps off the top of my head and and think the figures quoted are after tax too, which would leave us on a prospective p/e of circa 1.2

[outsider] 29/6/2010 02:11

So what are the forecasts?


Well, many of the people involved are working for next to nothing as I understand it, but they are highly incentivised if they reach these forecasts they get a big issue of shares

End Dec 09, 282,347 GBP
End Dec 10, 901,818 GBP
End Dec 11, 1,803,636 GBP


However the share trigger will be only if these targets are reached:

09 141,173 GBP
10 450,909 GBP
11 1,000,800 GBP

[outsider] 29/6/2010 02:10

envirovision....I think they made a mistake in their report saying they beat their target by 286k....because in their prospectus which you can get online at the PLUS site, that figure or circa that figure was their target but to end dec 09.


So I'm a little confused, but some figures are in the header re: targets, I did speak to a director after I invested and I think after all the warrants are excercised he ust have told me a more conservative figure than actually is, which I'm pleased about as now EPS potential looks much greater than I orginally anticipated.

[outsider] 29/6/2010 01:38

even greyhound will start contributing this year, excellent, net cash of 1.9m an more aquisitions likely.....looking very very strong to me.

[outsider] 29/6/2010 01:37

Company CarbonDesk Group plc

Symbol CO2P

Headline Final results for the twelve months ended 30 April 2010

Released 28 June 2010

CARBONDESK GROUP PLC

("CarbonDesk" or "the Company")

Final results for the twelve months ended 30 April 2010

CarbonDesk is pleased to announce its final results for the year ended 30 April
2010.

Highlights for the year

* Revenues of £3.762m (2009: GBP48k)

* Profit before taxation of £1.134m (2009: £-17k)

* Gained FSA approval in August 2009

* Appointment of the Lord St. John of Bletso to the board

* Cash position of £1.9m at year end (2009: £0.9m)

* Fully diluted EPS of 6.74p (2009: -0.75p)

The Directors of CarbonDesk are delighted to report a profit before tax of £
1,134,238 for its first full year, exceeding our forecast by £286,112. Results
in the second half were slightly lower that the first half as volumes on the
spot market decreased considerably due to the negative impact from the
Copenhagen Summit in December 2009 and continued economic uncertainty. Fully
diluted earnings per share were 6.74p.

I welcome Lord St John of Bletso to the board of CarbonDesk and thank him for
the valuable input he has already given since his appointment on the 24th of
September 2009. Anthony has extensive experience in carbon emissions and
sustainable forestry projects.

Since my last report the Company has reached some pivotal milestones, it has
been formally approved by the Financial Services Authority and is now licensed
to trade derivates on the European Climate Exchange. The company has a staff
complement of fourteen and has secured a very favourable five year lease at 4
Chiswell Street, London which will adequately service our future expansion
plans.

During the year we announced that we had invested in a 33.3% stake in Greyhound
Energy Markets Limited, a new trading business in carbon and energy markets. We
expect this group to start contributing to the Company's earnings in the second
half of this financial year. The Company is currently looking at possible
acquisitions that would augment and diversify our earnings going forward. We
note with interest the acquisition by Intercontinental Exchange, Inc of Climate
Exchange PLC, which clearly highlights the opportunities in the sector in which
we operate.

Outlook

The Directors are confident that if political developments within the Global
Carbon and Climate change markets continue we will be able to achieve our
targets for this year.

Brad Allan

Chairman

Enquiries:

Brett Stacey/Daniel Edelman/Peter Holmes, CarbonDesk Group Plc 020 3384 3650

Hugh Fleming, Company Secretary, Aldermary Secretaries Ltd 020 7332 2200

Nick Martin/Jerry Zheng, Alexander David Securities 020 7448 9836/7

[outsider] 29/6/2010 01:33

Results now in header, living in Asia only just seen them, now to digest and read, but at first glance well pleased.