Ft Tre Discussion Threads

[wormcatcher] 18/12/2009 07:56

Bit disappointing really - ye a profit but it promised so much more.
Market doesn't seem to think when deal is done that our shares will be worth 127p; will have to see how it settles. May have to hang on to them for a while yet.
Leaf at 68p so implied offer is 111.7p currently.

[spectoacc] 17/12/2009 12:50

In shares though; not sure where this will settle out. Looks a sensible deal to merge them, but LEAF is currently a one MM stock.

[philjeans] 17/12/2009 12:44

127P per share - not bad; could have been more but hey ho - well in profit.

[wormcatcher] 26/11/2009 11:17

Should have tried to buy some at 84p, would have turned in a nice profit in just a few minutes.

[spectoacc] 26/11/2009 10:06

Looks like a fat finger, see no news.

[wormcatcher] 26/11/2009 09:48

What is happening now?
Uncrossing trade for 594k at 75p?
Now bouncing around all over the place.
Something's afoot.

[wormcatcher] 25/11/2009 20:33

A bit of a bounce up - not a lot of buying so maybe something going on in the background.
LEAF not following - dropped from 100p to 75p over the last few days.

[jakelomes2] 23/11/2009 10:30

Hello,

There is an article for global warming and carbon emissions that tips TRE

[icarus4123] 22/11/2009 22:14

IC Info from the other day

Two of Aim's bigger clean energy investment companies, Leaf Clean Energy and Trading Emissions , are proposing a merger to create London's largest carbon-focused business, which would list on the main list of the stock exchange.
Although no firm offer has been made yet, any deal would take the form of a reverse takeover of Trading Emissions by Leaf and thus would need approval from shareholders of both companies. To this end, Trading Emissions has already received letters of intent to vote in favour of a merger from 42 per cent of its shareholders, while 43 per cent of Leaf's investors have assented in principle.
The combination of the two businesses would appear to make sense, with Leaf's portfolio of clean energy investments primarily in the US and Trading Emissions' portfolio concentrated in the developing world, with a bias towards Asia. The combination also makes sense from a management perspective, with both Trading Emissions and Leaf's portfolios being managed by environmental fund management specialists EEA Fund Management.

[wormcatcher] 19/11/2009 15:44

Getting very tempted to buy some more at this level - but a bit worried about a stitch up. Can't see any reason for this to be at this level.

Blimey, I must stop talking to myself.

[wormcatcher] 18/11/2009 15:57

First time I've seen a figure put on it (although it is Numis giving the figure) - would value TRE at around 139p per share. (Bit disappointing really but looking at where we are today then reasonable premium).

[wormcatcher] 18/11/2009 15:49

This deal is doing the TRE share price the world of good.

[wormcatcher] 13/11/2009 16:39

Not keen on the way this is going at the moment.

[wormcatcher] 11/11/2009 14:04

I don't suppose anyone reading this subscribes to IC - article on merger yesterday.
target='window'>http://www.investorschronicle.co.uk/articlessummary/index.jsp?destination=

[wormcatcher] 11/11/2009 14:01

So that little flurry of trades at a £1 after hours yesterday were buys.

[jambo172] 10/11/2009 16:56

Think that 75% of TRE needs to approve deal and 50% of LEAF.
Suspect that the terms will have to be better for the non-LEAF TRE holders to jump.

[mf10] 10/11/2009 07:55

It also says that the letters of intent they've already got for around 42% approvale in both camps pre-date any merger talks as though certain people were pushing this for a while. There must be something in it for those wanting the merger as in it's a good deal for the long term future.
Would be nice to see some valuation figures to make sense of the share prices.
And there appeared to be no trading at all in Leaf yesterday. Not that there appears to ever be any trading in Leaf!

[wormcatcher] 10/11/2009 07:38

I see that EEA are in both camps as well.

[wormcatcher] 09/11/2009 16:51

Leaf - share price 100p; NAV 104p; cash £100m; market cap £183m
TRE - share price 99p; NAV 150p; cash £150m; market cap £255m

Surely TRE holders should be getting something nearer to NAV.

What happens to the final dividend as well?

Institutions that have approved the proposals have pretty much the same holding in both companies, so they don't loose out anyway.

Reaction in share price seems to point towards this not being a good deal for Joe Public.

[wormcatcher] 09/11/2009 16:32

Missed this one - MF10, I'm with you on the confused front. No info. on value, but institutions appear to have jumped quickly.

[mf10] 09/11/2009 16:18

Won't Leaf have to more than double their share issue?

And maybe raise capital via a placing.

Or they are valuing Trading Emissions at less than their current market cap.

Loads of buys but the share price is falling.

I'm confused!

[philjeans] 09/11/2009 15:58

hMMMMMMM.......merger talks with Leaf.

All share - prefer the cash but hey ho; await developments.