2007 The Doubler Thread for the Year Ahead

My second choice for 2007 is Trading Emissions...looks like becoming a hot topic just directly imo. Forecast 07 eps 18.86p and pe 7 (offer 133p)

CLE nav 97.8p sp 517.5p
TRE nav 110.66 sp 132.5p

associated news:

The Times November 01, 2006

Stock markets


Climate good for carbon trading specialists after Stern report
By Nick Hasell

Smaller capitalisation shares


ECOSECURITIES came away with one of the best gains on AIM after being cited as a potential beneficiary of the Stern report on climate change.
Monday’s findings by Sir Nicholas Stern were seen as wholly positive for quoted carbon trading specialists, given his conclusion that the total cost of immediately necessary measures will be in the region of €20 to €24 per tonne of CO2, against levels of €15 to €17 currently priced into the European emissions market.



If the report’s recommendations are implemented, KBC Peel Hunt says, allocations in regional emissions schemes should become significantly tighter from 2008, with carbon credit prices moving higher to reflect the rising marginal cost of abatement measures that must be undertaken.

The broker believes that the implications for the quoted carbon sector are significant, citing expected capital flows of $20 billion (£10.5 billion) to $30 billion a year into the developing world to capitalise on the lower cost of mitigating emissions in these economies.

EcoSecurities, which is developing projects in Asia and Brazil, rose 19½p to 227½p, with Agcert International up 2p to 149p and Trading Emissions ½p dearer at 116½p.

.......

Trading Emissions PLC
28 December 2006


Press Release
For Immediate Release
28 December 2006


Trading Emissions PLC


Government Carbon Offsetting Fund to acquire CERs from
Trading Emissions PLC


Trading Emissions PLC (TEP) has entered into an agreement to sell 255,000 tonnes
of Certified Emissions Reductions ("CERs" or "credits") to the Government Carbon
Offsetting Fund ("GCOH") at £9.76p, payment on delivery and has granted GCOH an
option to purchase a further 50,000 tonnes.

The credits will be delivered from TEP's portfolio of small-scale renewable
energy and energy efficiency Clean Development Mechanism projects, which will
then be cancelled, offsetting the emissions attributable to central government
air travel.

The agreement was the result of a successful tender by EEA Fund Management Ltd
on behalf of TEP. The price achieved represented 90% of the 2008 EUA price at
the time of tender.