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One and all x x
Now then m8, no not in put my spare into txo but as you say still looking a very good prospect here!!
Hows things? Back in here at 24p? I couldnt get in - SOU and FRR not doing anything... YET. This looks good still!
http://www.investegate.co.uk/Article.aspx?id=201112221005404890U
From yesterday:- 21-Dec-11 17:44:55 24.56 110,500 0.000.00 27.14k 21-Dec-11 16:19:29 24.16 123,451 0.000.00 29.83k 21-Dec-11 17:37:00 24.16 123,451 0.000.00 29.83k
Jupiter Asset Management Limited FROM:- 12,728,391 TO:- 11,728,391
Worked it out as stirling not euro. 6 pence!
In addition to the cash balances described above the Company is also due to receive repayment of a loan of €17.7m from a portfolio company in early 2012. This equates to approx 7 pence per share!
Stmnt re Share Price Movement Fri, 9th Dec 2011 07:00 RNS Number : 6585T Trading Emissions PLC 09 December 2011 ? 9th December 2011 Trading Emissions Plc Statement re share price movement The Board of Trading Emissions Plc ("Trading Emissions" or "the Company"), notes the recent material fall in the share price of the Company, and the price of carbon related securities, and wishes to provide the market with updated information on the Company's cash position and prevailing asset values. The last Group consolidated audited NAV per share as at 30 June 2011 was 121.08 pence. Adjusting for cash movements at the Company level and valuing the carbon portfolio as at 6 December 2011 reduces the Group NAV per share to approximately 76.7 pence (unaudited). This adjusted Group NAV comprises the following: · Private equity portfolio as at 30 June 2011 of approximately £149.9m or 60.0 pence per share (unaudited, including portfolio company year end valuations and cash balances) · Carbon portfolio of £(16.0m) or (6.4) pence per share (unaudited) based on carbon prices as at 6 December 2011 · Company cash balances as at 6 December 2011 of £50.2m or 20.1 pence per share (unaudited, including restricted cash of £21.5m) · Hedging: Cash value as at 6 December 2011 of £15.2m or 6.1 pence per share (unaudited) · Other liabilities as at 30 June 2011 of £7.7m or 3.1 pence per share (unaudited) The Investment Adviser to the Company estimates that the unhedged exposure to carbon obligations is c.13.5m tonnes of pre Dec 2012 delivery CERs, with a maximum theoretical liability to the Company of £77.3m in the unlikely event that the price of carbon was to fall to zero. The Company is not contractually obliged to purchase post Dec 2012 CERs. In addition to the cash balances described above the Company is also due to receive repayment of a loan of €17.7m from a portfolio company in early 2012. The Company therefore has sufficient cash resources to meet its current obligations and as previously announced the Board is overseeing the orderly realisation of the assets of the Company in line with its investment policy and will update shareholders in due course The Company was also notified on 8 December 2011 that, on 7 December 2011, Simon Shaw of EEA Fund Management Limited (Investment Adviser to the Company) purchased 250,000 shares in the Company at a price of 26.5 pence each.
From the 15th!!!!
From the 16th mmmmmmm
Lets see what pops up tonight!!
14-Dec-11 15:09:02 25.50 400,000 Buy* 23.50 24.00 102.00k 14-Dec-11 14:31:32 26.00 500,000 Buy* 23.50 24.00 130.00k
Thanks - will take a look. My trading days are nearing an end. Not worked for me. PS - 24P buy is approaching here for you ;)
Gotta be m8. On a side txo well worth a look lots of good info on bb by some well respected posters amazing upside potential, not in myself at mo but looking to put a flutter in there. Hope frr does it for you cashed in there at a loss to get into aat at .20 glad Idid. See how it goes but sometimes better to take a loss rather than miss the boat on another? Not advice m8 as if it was n't for bad luck I would n't have any at all !!!! Lol ATB Be Lucky :-)
Definately being held down for large orders. Once filled... hope frr rises so i can get back in. Although ive said i stop trading past xmas and go all cash.
Delayed publications. One from yesterday and one the day before!! 14-Dec-11 16:05:18 25.60 250,000 Buy* 24.0025.00 64.00k 13-Dec-11 15:02:13 27.00 450,000 Buy* 24.0025.00 121.50k Someones hungry!!! mmmm
Apologies if the last 2 posts have already been submitted
As reported on Friday, the company's financial position is as follows: - Private equity portfolio as at 30 June 2011 of approximately £149.9m or 60.0 pence per share (unaudited, including portfolio company year end valuations and cash balances) - Clearly this figure is open to speculation given that it is a year-end valuation, but there is plenty of NAV cover (vs 22p share price) even assuming the portfolio has suffered a significant devaluation. · Carbon portfolio of £(16.0m) or (6.4) pence per share (unaudited) based on carbon prices as at 6 December 2011 · Company cash balances as at 6 December 2011 of £50.2m or 20.1 pence per share (unaudited, including restricted cash of £21.5m) - In addition to these cash balances the company is also due to receive repayment of a loan of €17.7m from a portfolio company in early 2012. · Hedging: Cash value as at 6 December 2011 of £15.2m or 6.1 pence per share (unaudited) · Other liabilities as at 30 June 2011 of £7.7m or 3.1 pence per share (unaudited) - The unhedged exposure to carbon obligations is c.13.5m tonnes of pre December 2012 delivery CERs (carbon emissions reductions), "with a maximum theoretical liability to the company of £77.3m in the unlikely event that the price of carbon was to fall to zero". The company is not contractually obliged to purchase post December 2012 CERs. The company stresses that it "has sufficient cash resources to meet its current obligations and as previously announced the Board is overseeing the orderly realisation of the assets of the Company in line with its investment policy and will update shareholders in due course".
Trading Emissions (TRE) is a closed end investment company that specialises in renewable energy projects and emissions instruments such as carbon credits. As readers are no doubt aware, the carbon credit market is subject to considerable uncertainty and volatility, and I would never have been attracted to such a stock in the normal scheme of things. However, back in 2010 Trading Emissions decided to do the sensible thing and unwind its exposure to carbon credits - and hopefully net shareholders a considerable return on the way. To these ends the company appointed advisers to explore the sale of assets within its private equity portfolio and it soon emerged that the company had attracted potential buyers both for its private equity portfolio and its carbon credit portfolio. However, the significant falls in carbon credit prices has scuppered these deals of late and TRE's share price has crashed. Even in a worst case scenario - which assumes the carbon price goes to zero, private equity were written down by a further 50% and wind-up costs were £10 million - broker Peel Hunt has estimated that NAV would still be 28p per share. The broker added, "It is possible that TRE might be able to declare force majeure on a dysfunctional carbon market (could add 20p / share at its best), or the carbon market could rebound as a result of government action (floor price / taxation / change to terms), although the latter is looking increasingly unlikely." The broker's target price is 38p per share. I also note the recent purchase by Simon Shaw of TRE investment manager EEA Fund Management of 250,000 shares at 26.5p. Assuming that the worst case scenario is unlikely, there could be some serious upside here in due course.
Very nice. Why oh why did I sell and buy FRR on a spike. God help me!
Luck at those late reported!!!
@ 26P DEAD ON THE MID PRICE!! MMMM
Totaling 85k shares at 26.5
Mate I have perforations from jumping on that many spikes, lol. A few big buys going through on aat which to me reinforces my thoughts that it has reached its lower level, maybe worth a look. Have 400k @ .48 so could get a few £s in a short time frame. Dyor and all that ATB