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Recently bought into Camco due to REDT, have read some of the commentary and decided to join lse.co.uk as there is some detailed historical knowledge from you all... Very impressed with graham-wales and his straight forward opinions. It appears REDT are exhibiting at the ees Europe exhibition in Munich June 10th thru to 12th - https://www.ees-europe.com/en/home.html The ees Europe exhibition runs at the same time and location as Intersolar Europe the largest pan European Solar PV exhibition of the year... Great place to exhibit (so good choice by REDT) I am attending Intersolar so will drop in and meet the REDT team on the stand/booth... Also noticed that REDT are present at an innovation session the day before June 9th (link below), it clearly states that a Graeme Ludlow , Commercial Director , Redt is speaking... Does that mean the previously mentioned Sales Director has already been shown the door? http://www.ees-europe.com/de/programm/allgemeine-informationen/programm/session-details.html?tx_intersolarconference_pi1%5Bsession%5D=949&tx_intersolarconference_pi1%5Baction%5D=details&tx_intersolarconference_pi1%5Bcontroller%5D=Session&cHash=b182d24f510d4cca5b9a240d4a3a7522&print=1
Just listened to the Finncap view of things and was a bit surprised at their potential valuation here. If I have my sums right they believe the SP should be cicra 25-30p now based on the ITM valuation who they use as a commercial comparative latched onto today's closing SP. Bascially REDT has hardly been factored into the SP at all just the other two parts of the business, the biogas in the US and the African clean energy arm. I hadn't realised Jabil Circuit was as big as mentioned either, third largest contract manufacturer in the world with 90 facilities in 23 countries (Wiki). Iphones & Ipads, well they certainly know their tech I'll say that. Jabil think REDT is "superb", well you can' get a better confirmation than that. I've always been a big fan of REDT and the clean energy but it never seemed to be getting any traction, Finncap have given me some food for thought today as to the future potential.
An interesting Insight...lots going to be happening...I'm thinking..IP hxxp://brrmedia.co.uk/event/138845/raymond-greaves-head-of-research?popup=true&wl=769
Three weeks ago ;(
Worth noting that these are the best figures ever posted by CCE and the 52 week sp high was 8.49, if AIM weren't a completely broken platform to trade on, you'd have to say that CCE should have more upside than downside, but yeah I agree it is frustrating, REDT should be dominating the market place it's moving painfully slowly, it's more digestible if something is moving slowly as long as you receive decent updates, but AIM companies seem thin on that basic action GLA
2015: o Q1 CE certification and electrical testing o Q1 deliver first customer production units 5-30kWh systems o Q2 install Gigha 1.26MWh system Got roughly 4 weeks to get it installed, newsflow is rubbish from this company so not expecting anything until it is. Looks like another AIM company feeding its directors. Hope not as they could be big. Will give it until end of month before deciding what to do next.
Why is Gigha taking so long to build. Thought it would be up & running now.
On Gigha to get this moving again. Should be installed by end of month lets see if they stick to it.
Wasn't expecting a 13% fall! GLA
Have they built it yet they got 4 weeks to install it and get it up and running lol.
Nice one BOD what are you going to do for your next trick.
Wonder if he will award himself another couple of million shares FOC again based on these results. REDT contributed sweet f a again. Come on CCE get some bloody positive news out here.
Like a ton of crap.
break even if you include the recent news.
Suppose that would be a break even/profit if you factor in the recent cco's sold gla
So so on actual figures I suppose but like this bit "There is no doubt that electricity storage is going to be a technology that is commonplace on our electricity networks just as the coal powered generation was. The recent announcement by Tesla Motors Inc., in which they launched their home battery product on cost effective pricing, is evidence of this. Different technologies will be suitable for different end uses and REDT shines in applications where life expectancy and long duration are required."
Suppose its going the right way.
Companies across California who emit more than 25,000 metric tons of CO2 equivalent per year must acquire allowances or offsets equal to their annual emissions. Shares in Camco (LON:CCE) powered higher Thursday morning after the clean energy firm sold off a tranche of its Californian carbon credit portfolio. Camco will receive US$1.74mln in cash up-front, with a potential further payment of US$0.5mln by the end of this year, after securing a deal with an unnamed major multinational company. The deal involves Camco assigning to its new partner the rights to the future stream of carious California carbon offsets (CCOs) generated between 2015 and 2020; these CCOs will be derived from the majority of agricultural methane projects that Camco manages on behalf of its dairy partners. The company added that after 2020, the rights revert to Camco. House broker finnCap said the deal was excellent news. “The sale price was US$1.74m, with the potential for a deferred payment of US$0.5m in December 2015, although the mechanism that triggers this has not been disclosed. We see this as excellent news – it helps to rationalise the Camco business portfolio, provides liquidity for the other businesses (especially REDT energy storage) and highlights some of the hidden value locked up within Camco,2 the broker said. Camco has been developing offset projects in North America since 2007 and has issued two-thirds of all CCOs issued to agricultural methane projects registered under Californi’s cap-and-trade programme. Camco said the transaction provides price security to its dairy partners for the credits generated by their projects. The deal significantly de-risks the future cash and returns generated for each dairy, including the Jerome and Twin Falls facilities owned by Camco. Shares in Camco rose 11.9% to 5.875p on the news, and there may be similar deals coming down the turnpike, as the company said it expects to complete shortly a further structured transaction of its remaining projects that generate offsets between 2015 and 2020. "This is a landmark transaction and we believe it to be the first of its type in the California Carbon Offset market underpinning our expertise in the area. The cash received from the sale will be used to support Camco operations, in particular the REDT Liquid Energy storage product which we are in the process of commercialising," said Scott McGregor, chief executive of Camco.
It will be at breakeven, next year will be in profit, REDT looks a very good business to be a part of IMO and word of mouth from customers will make it take off gla
I reckon it will show a profit. Great recovery play here and should be buying up and holding this one. Results improving every month and looking very cheap down here.
Sunday CCE discussion before Mondays Results... Any thoughts or predictions..... Break even/ small profit Whats to come in yhe next 6 months...... Future updates to follow on further REDT orders/ Isle of Gigha update/ will we get an order from Portugal where we have the university installation up and running... Africa / Gap/Eisser fund update...will the fund consider REDT batteries to any planned Africa projects USA now the credits have been forward sold will CCe consider a further Biogas purchase Finally will we slim line the 3 divisions Africa/Usa/REDT with a sale or in REDT case an IPO... Any THOUGHTS ??????? GL
Should be an improvement on last year at the very least, hope they market REDT properly looks like a very versatile, saleable and potentially very popular product GLA
Wonder how much better they will be. In our interim statement, we reported a significantly reduced net loss compared with the prior period. Performance in the second half of the year remained strong with the final result anticipated to be comfortably ahead of management expectations.
The only thing I can think of is that Tesla are losing money on the project but just want to get the name out in Europe.