Wasabi Energy Share Discussion Threads

[freddie01] 31/3/2013 09:23

Apologies again off topic.

Had a look at IOF moormoney and it does indeed look very exciting.If I had spare funds I would seriously consider investing there.Best of luck with it although I doubt you'll need the luck.

[moormoney] 30/3/2013 12:17

Here's hoping freddie. Meanwhile check out IOF if you haven't already noticed, iodine, oil and now water sales. I am adding as often as I can.:)

[freddie01] 30/3/2013 12:11

I've been very disappointed as well moormoney but agree this is definitely still worth holding.Had a look again at the Half Yearly Report the other day and the amount of things they have going on is very reassuring.I would be very surprised if we don't see some positive movement on the share price this year.

[moormoney] 30/3/2013 11:49

A very good read Freddie thanks for posting. I have been disappointed holding my investment in wasabi but always felt there was huge potential. You only have to read the excellent posts concerning water on the IOF thread to realise the huge revenues that can come from water. I will hold on to give wasabi time to grow!

[freddie01] 30/3/2013 11:12

A very good read if you haven't seen it. I know I'm in the minority but I would prefer them to hang on to the water side of the business as I believe it has huge potential.According to the piece sales should start to escalate going forward.

[wilba] 26/2/2013 12:29

andrbea. Thanks. ;-))

[andrbea] 26/2/2013 10:49

was

Wasabi Energy on course to meet 25mw target
Tuesday, February 26, 2013

Renewable power group Wasabi Energy (LON:WAS ASX:WAS) remains confident of hitting its 25 megawat (mw) output target by 2015 as a number of projects started construction in the past six months.

Wasabi is pioneering the use of Kalina Cycle technology that recycles waste heat from energy-intensive industries and also renewable energy plants using solar and geothermal technologies.

All major Kalina Cycle licensees have power plants under construction, Wasabi said, including a contract with Sinopec in China to build a 4mw plant at the Hainan Petrochemical facility won by its China subsidiary SSNE.

"In the past six months the business has begun to take form into regional business units with dedicated, local management teams in place to focus on these major markets," stated the company.

John Byrne, Wasabi's executive chairman, said the company had made significant strides over the past six months.

It was on track to reach 25mw of Wasabi Energy-owned power production by 2015 and sustained growth of 25mw per annum thereafter, he added.

"Our Kalina Cycle business continues to grow globally and remains the core focus of the group.

"The contract with Sinopec for the engineering and building of a 4MWe Kalina Cycle plant by SSNE is a key milestone and, along with other applications of the Kalina Cycle by SSNE, positions the technology well to help realise the goals set out by the Chinese regulators in relation to industrial energy efficiency and pollution."

Losses in the six months to December were A$3.1mln (A$5.2mln).

Byrne said: "The loss for the period was as expected for the group as we develop the power business and also included the operations of our water business, Aqua Guardian group, over the period for the first time."

[wilba] 25/2/2013 10:07

Bit of a sell of there. What was behind that then?

[piadda] 22/2/2013 15:33

I agree that the board have worked miracles on next to no cash over the last couple of years. It is not a good time to be selling anything however both companies are profitable (or nearly so) so maybe they will find a buyer.

[jwoolley] 22/2/2013 10:56

I don't think it is likely for another placing...as freddie01 says...and the RNS says...they expect to sell these "in the short term"...

Although I took my eye off these when I last sold...since last November I started re-investing back into them...and from memory, I don't think the board have gone back on anything they have said to the market...so at the moment, what they say, is what they will do...!!

[freddie01] 22/2/2013 10:35

It would appear the board probably agree with you piadda.

"The Company's non-core listed investments have a current market value of over $9,000,000 and the Board expects to realise these investments in part or in whole in the short term."

[piadda] 22/2/2013 10:26

There has to be a question over the short term cash requirements. As I see it the sale of Aqua Guardian and Lignol is needed to see us through to break even. There is the danger of another placing if the sales do not go ahead. I am a long term holder (at a large loss currently) and see a great future if we navigate this year successfully.

[ivor hunch] 22/2/2013 10:09

"All investors seem to want is instant gratification these days"
Very true, Freddie. And yet some real financial gains can be made if you are patient and invested for the long term. Looking at the figures, it seems to me that everything is on course for a profitable future, but patience is required. I doubt that the share price will move much until mid 2014 at the very earliest.
In the meantime I'm slowly building a stake - over 1 million shares now.
Ivor

[freddie01] 22/2/2013 09:31

This could end up being a steal at these levels.Building blocks being put in place for a bright future here.All investors seem to want is instant gratification these days and must end up losing money in the long term.
Happy to hold and possibly add if it goes much lower.

[jwoolley] 22/2/2013 08:48

Not sure what the sellers were expecting in today's update...maybe it is just the lack of patience...which I admit...I did have with this share once...but to me now...it seems like it should be loading up time...the pieces are coming together nicely for a good long term hold...!!!

Still...it would be nice to get some more under 1p...so carry on the sellers...and all the best long termers...!!!

[freddie01] 22/2/2013 08:32

Renewable power group Wasabi Energy (LON:WAS ASX:WAS) remains confident of hitting its 25mw output target by 2015 as a number of projects started construction in the past six months.
Wasabi is pioneering the use of Kalina Cycle technology that recycles waste heat from energy-intensive industries and also renewable energy plants using solar and geothermal technologies.
All major Kalina Cycle licensees have power plants under construction, Wasabi said, including a contract with Sinopec in China to build a 4mw plant at the Hainan Petrochemical facility won by its China subsidiary SSNE.
"In the past six months the business has begun to take form into regional business units with dedicated, local management teams in place to focus on these major markets," stated the company.
John Byrne, Wasabi's executive chairman said the company had made significant strides over the past six months.
It was on track to reach 25mw of Wasabi Energy owned power production by 2015 and sustained growth of 25mw per annum thereafter, he added.
"Our Kalina Cycle business continues to grow globally and remains the core focus of the group.
"The contract with Sinopec for the engineering and building of a 4MWe Kalina Cycle plant by SSNE is a key milestone and, along with other applications of the Kalina Cycle by SSNE, positions the technology well to help realise the goals set out by the Chinese regulators in relation to industrial energy efficiency and pollution."
Losses in the six months to December were A$3.1mln (A$5.2mln).
Byrne said: "The loss for the period was as expected for the group as we develop the power business and also included the operations of our water business, Aqua Guardian group, over the period for the first time."

[jwoolley] 22/2/2013 08:29

Seems everything is on track with these guys....starting loading up again with these in November....and will now be holding for a 5 year term, at least....


On a different note....equity24....I don't know why you and others keep spamming boards with this directorstalk site....it never holds much information and nothing that isn't on ADVFN...

[skinny] 22/2/2013 07:06

Major milestones achieved include:

· Continued development for Kalina Cycle® power plants in all key markets culminating in strategic aim to build 25MW's of proprietary power to 2015 and targeting 25MW's of growth per annum thereafter.

· Rollout of regional subsidiaries with dedicated, local, experienced management teams, including establishment of Wasabi New Energy Asia to focus on deployment of the Kalina Cycle® in the Asian region;

· The agreement and part payment for the purchase of 50.5% of Shanghai Shenghe New Energy Resources Science and Technology (SSNE), a Kalina Cycle® licensee for China, Taiwan, Macau and Hong Kong by Wasabi New Energy Asia;

· Wasabi New Energy Asia subsidiary, SSNE awarded EPC contract with Sinopec, China's leading petrochemical producer, following a design and technical services contract for a 4MW Kalina Cycle® plant at the Hainan Petrochemical facility, China

· Purchase of the option over 50% of the Tuzla Geothermal Power Project in Turkey which has an operating 7.5 MWe geothermal power plant and pre feasibility for a 17.5MW Kalina Cycle® power plant;

· All major Kalina Cycle® licensees have Kalina Cycle® power plants under construction;

· Entry into the mining industry by Aqua Guardian Group with a sale of its water conservation product AquaArmourTM to Anglogold Ashanti;

· Successful placing and rights issue in July 2012, raising $8.9m with strong support from major institutional shareholders, and issue of a secured loan note in December 2012 raising $6.5m. Proceeds will be used to fund expansion of the regionally-focused Kalina Cycle businesses.

The Company's non-core listed investments have a current market value of over $9,000,000 and the Board expects to realise these investments in part or in whole in the short term.

[ivor hunch] 13/2/2013 17:10

A very bullish article on oilbarrel :

I like the thought that the company could have a mcap of $1 billion by 2018 - a nice fantasy to see us through these winter days.

[skinny] 13/2/2013 07:13

Not directly relevant, but it may raise awareness.



Researchers are launching a project which aims to use water from abandoned coal mines to provide up to 40% of Glasgow's heat.

It is hoped reservoirs in the city's old tunnels can be used to create geothermal energy.