Wasabi Energy Share Discussion Threads

[koorb] 24/10/2013 20:07

I sold out today as well and will see where we're at tomorrow after tonight's ASX session before buying back as I quite like the story here, although the outstanding warrants are a bit of a concern.

KED is another green energy tiddler at a similar stage in terms of MW ambitions. If they get their Enfield log burner finance sorted - due this quarter - they could also see a bit of a recovery.

[nw99] 24/10/2013 19:08

I spent an hour with the Wasabi Energy (WAS) Chairman John Byrne yesterday talking through the company's prospects. To recap, Wasabi aims to own 25 MWe of power generation in production or under construction by 2015. It holds patents over Kalina Cycle generation which can drive turbines using heat at lower temperatures, for example harnessing waste heat in refineries. The cost of operating a Kalina generator is extremely low; so plants become attractive to construct when power prices in conventional generation are high. The UK government's announcement of the Hinkley Point nuclear deal with a high guaranteed power price makes the economics of Wasabi plants in the UK look attractive – a point they made in a Stock Exchange announcement.

There is a lot going on at Wasabi but it makes for a complicated story as far as the business model is concerned. John Byrne wants to own and operate plants, rather than just licensing the technology. This requires partners, deals, equity raising and a possible floating of the Asian business in Singapore. He certainly thinks big with a $1bn market value targeted by 2018. High power prices and a desire to increase clean energy at least provide a positive background to this aspiration. Buy up to 0.6p (Today's close: 0.525p)

[nw99] 24/10/2013 12:18

Sold out yesterday at 0.6

[illuminati1] 24/10/2013 12:12

Sold out.After double bagged in one week.GLA

[nw99] 24/10/2013 11:54

Pft taking

[comet5d] 24/10/2013 11:33

Beware 350,000,000 Warrants exercisable at 2c expiring 14 December 2013 18,750,000Warrants exercisable at 0.8c expiring 14 December 2013They also issued 288m vendor shares at 1.8c380,833,402 Options exercisable at 0.8c expiring 31 March 2014When/if the 2c warrants get exercised it will have almost 4.5B shares and 90m valuation. Maybe thats either cheap or expensive depending on future cash flow from their deals. At this stage i have no idea. How much more money do they need to fund all the deals and corporate costs until positive cash flows come.

[ontley] 24/10/2013 10:14

institutions are correct everytime of course!

[smythy4] 24/10/2013 09:34

Big selling now from institutions. Standard pattern: institutions get out with a margin whilst hopeful pis preside over a long, relentless decline.

PIs cant hold this up for long - the turn will come soon, & hard imo.

[diggerking] 24/10/2013 08:37

Thanks sportsauto.

[sportsauto] 24/10/2013 08:19

Digger, pages 12-14

[illuminati1] 24/10/2013 08:08

2x 10 million sellsHmmmmmm

[diggerking] 24/10/2013 07:56

The WAS story is a compelling one.I became a holder on tuesday.

Is there any way I can find out how much profit the company makes on one of these Kalina cycles.

I cannot see any mention in the last accounts.

Maybe a long termer could point me in the right direction.

Thanks for any help.

BK

[smythy4] 24/10/2013 07:53

This will be one of the many that peaks quickly then over a couple of years drops relentlessly as it becomes clear they are just too tiny, & have nothing game-changing.

Will be frozen out by majors, without too much difficulty.

A sell-now & move on imo.

[induna123] 24/10/2013 07:52

Yeah, mm's playing games. Disguising trades. It's simply following the action in Aus.

[daithedeath] 24/10/2013 07:29

IMHO over the last 2 sessions some of these sells may have been buys .

[induna123] 24/10/2013 07:23

Huge volume these last few days. Surprised this hasn't moved higher.

[illuminati1] 24/10/2013 05:46

Closed up 11% at 1c ~ 0.59p
Volume 47 million

[guyswonga74] 24/10/2013 01:46

11% up. On asx at the moment and good volume

[induna123] 23/10/2013 18:23

This has 1p written all over it. Just need patience to hold on and not sell too early. Clean energy is the future. Many believe the story here. Exciting times ahead.

[ivor hunch] 23/10/2013 16:25

Comet, are you sure about your figures? I don't claim to be good at maths nor do I know eactly how many Wasabi shares will be in issue after the options have been taken up, but if your figure of 4.5 billion is correct this makes a marketcap of £27 million at 0.6p rather than £90 million.
I might well be wrong.
Ivor

[smraynot] 23/10/2013 12:18

I believe we will see WAS returning back to the earlier levels of 2p+, and could test 1p this week!! Newsflow will be in abundance over the next few weeks, and it may well be wort topping up at these levels. I can imagine the conversation in 2 years time 'if only I had invested £10000 in 2013 I would be well towards being a millionaire'. Classic.

[comet5d] 23/10/2013 10:48

Beware 350,000,000 Warrants exercisable at 2c expiring 14 December 2013 18,750,000Warrants exercisable at 0.8c expiring 14 December 2013They also issued 288m vendor shares at 1.8c380,833,402 Options exercisable at 0.8c expiring 31 March 2014When/if the 2c warrants get exercised it will have almost 4.5B shares and 90m valuation. Maybe thats either cheap or expensive depending on future cash flow from their deals. At this stage i have no idea. How much more money do they need to fund all the deals and corporate costs until positive cash flows come.

[cliley454] 23/10/2013 07:50

Another nice rise this morning, heading back above 1p imho.

Off topic, take a look at GWMO, worth a look. I just posted some research on the bb.

[illuminati1] 23/10/2013 07:34

Wasabi Energy: Hinkley Point C could make Kalina Cycle 'exceedingly attractive'By Jamie Nimmo October 23 2013, 7:45am Britain's first nuclear power station in a generation could benefit Wasabi Energy (LON:WAS, ASX:WAS), the AIM-listed company claimed on Wednesday.Hinkley Point C in Somerset is being launched in a joint effort by the government and France's EDF Energy and any subsequent rise in wholesale electricity tariffs for Wasabi's heat recycling projects will bode well for the company, it argued."If the proposed Hinkley Nuclear Power Plant strike price of £92.50 per megawatt hour is reflected in the wholesale cost of electricity within the UK, the Kalina Cycle® projects being promoted by Wasabi Energy will become exceedingly attractive," said chairman John Byrne."As the UK moves to de-carbonise the economy, large scale energy efficiency projects will become increasingly cost effective and attractive for investors and users, providing a clear platform for Wasabi Energy to expand its business in the UK."The company, whose Kalina Cycle technology turns heat produced from power plants back into electricity, is currently in advanced talks with a number of industrial and renewable companies to launch the technology in the UK.Wasabi's shares are up 50% in the past five days of trading to 0.49p each on the back of the Hinkley Point deal.It has also been boosted by a pre-feasibility study of a Turkish geothermal power project in which it owns a 50% stake. Wasabi's 15 megawatt share of the project could net it over US$70mln.

[illuminati1] 23/10/2013 06:49

That could be the reason for these unprecedented high buying volumes.Update soon