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TRE Ft Tre

19.991
0.00 (0.00%)
Last Updated: 16:14:41
Delayed by 15 minutes
Name Symbol Market Type
Ft Tre LSE:TRE London Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 19.991 20.21 20.305 - 0 16:14:41

Ft Tre Discussion Threads

Showing 576 to 599 of 1250 messages
Chat Pages: Latest  26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
11/10/2009
17:18
Strong chart - breakout approaching.
philjeans
01/10/2009
15:12
It is still not entirely clear whether carbon (as an emission or a sequestered emission) is to be a tradeable commodity in the future, or something that is simply taxed. Understandably, politicians seem to favour a system where they get to pocket tax revenues on pollution in their own countries rather than see vast sums of money fly around the world chasing offset projects often seemingly with less substance to them than the problematic gases they are supposed to be offsetting. This is of course a short term view, but then, we know who makes up the rules in the world, unfortunately, and thus the system of a market-oriented solution is not necessarily a done deal. This is for why the CER price is not where it should be. This is just my opinion.
barbudo viejo
01/10/2009
14:56
On a slightly broader issue. With all the emphasis world politicians place on global warming shouldn't the CER price be steadily increasing?
iomhere
01/10/2009
13:06
Results Out:

NAV down from 226.69p to 150.45p primarily due to reduction in CER price (TRE have used €11.78p). Risk adjustment seems reasonable again and I would say this is somewhere near the bottom for NAV. However, very diverse portfolio and good investments in primary markets which should give handsome returns longer term.

Cash £150.25m (59p per share) - again down a bit due to divi & share buy back (net inflow if take these out).

CERs - 53.2m (risk adjusted) with 6.3m delivered (exepcted to deliver 5m).

74% of portfolio registered.

I see these pretty much trading sideways, maybe even down a bit - Copenhagen could be key to direction. Overall results seem conservative and these still look like a good medium to long term bet. Oh, and 3p final dividend due Jan 2010.

wormcatcher
21/9/2009
09:36
There is more interest in ECO here than on the ECO board...
barbudo viejo
08/9/2009
16:50
I still reckon they are talking with ECOS
greedy rooster
08/9/2009
16:28
Carbon future for December was up today so wonder why the stock dropped?
praipus
19/8/2009
16:49
One to lock away.
rogerbridge
13/8/2009
09:05
Yep; the pattern on the way down is often replicated on the way back up.

Not selling at 120p either!

philjeans
13/8/2009
08:48
phil,
pushing on towards that 120p

wormcatcher
12/8/2009
14:14
Spike back up and some meaty trades going through.
wormcatcher
12/8/2009
11:35
All clear to 120p and then a pause for breath.
philjeans
12/8/2009
10:42
Interesting to note that TRE did not make reference to their purchase of 1m shares in ECO in the trading statement. A combine ECO/TRE business would be a cracking investment. Perhaps TRE are still to show their hand in the bid battle?
greedy rooster
12/8/2009
10:38
Not sure who Liberum are but they have put an asset value of 183p on TRE and a buy.
Matrix have put a price target of 135p

jambo172
12/8/2009
10:38
and thar' she blows!
philjeans
11/8/2009
08:51
Could very well be the trigger for a nice breakout here.
philjeans
11/8/2009
06:57
Yes, steady as she goes.
wormcatcher
11/8/2009
06:49
Excellent trading update today - all going well and should result in further interest in this closed-end fund with significant price potential.
philjeans
22/7/2009
15:11
Nice rise recently in EUA Dec09 Futures currently at € 14.48.
wormcatcher
17/7/2009
15:26
Heavy trading today - near to a significant break-out.

Been hovering at just under a quid for several weeks - poised for a rapid ascent.

philjeans
15/7/2009
15:21
Yes, decent pick up in volume in last 20 minutes.
greedy rooster
15/7/2009
15:18
think this is ready to make a move north from here
empirestate
01/7/2009
11:04
Very unexciting at the moment and seems to have settled just above the £1 mark. EUAs settled just above the €13 mark as well.
I see India have rejected further emissions cuts, and with the US watering their climate change bill down it has been a very uninspiring last few weeks.

wormcatcher
12/6/2009
12:27
I'm a bit late to the party by the look of the chart but a fund I've been a buyer of recently (SVM Global Fund SVG.L) highlighted it this week and it still seems good value.



This Month's Featured Stock

This month we focus on one of the original
AIM listed investment funds, launched in May
2006.Trading Emissions invests in a range of
emission assets principally Certified Emission
Reductions (CERs) and Emission Reduction
Units (ERUs) created through projects which
conform to the Kyoto Protocol.
Credits are awarded to companies that
develop and deliver environmentally friendly
projects. Since launch, the above projects
either have or ultimately should produce for
the Fund approximately 65 million equivalent
tonnes of CERs. Even at the current
depressed carbon credit prices, these credits
together with the value in the underlying
projects and its substantial cash balances give
the Fund an asset value in excess of 175
pence per share. Until fairly recently, the
share price was languishing at below 70
pence per share - a 60% discount.This level
was very close to the value of cash on the
Fund's balance sheet, effectively valuing the
credits and projects at nominal amounts.This
looked anomalous.
After some friendly persuasion, the Fund
recently announced and undertook a
substantial buy back program, to date retiring
approximately 6% of the issued share capital.
In addition, the Fund paid its maiden dividend
earlier this month and indicated that the total
dividend for the year would be between 4
and 5 pence per share, indicating a yield of
5% at current prices.The share price has
started to recover as investors, attracted by
its yield and pro-active management, begin to
understand what to date has been a largely
ignored lowly correlated asset.

kiwi2007
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