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News @SGX on 24/10/07@1245hrs
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Agreed. Almost all countries in the world are trying to solve to this problem..I'm sure Oculus will benefit from it as there are not many of such companies in Singapore.
BUY.. but you need to keep it for a period of time to see the up lights until up lights.
Very likely RTO will be approved.
Look around and see and hear it... everyday I see world is more and more talking about environmental issue especially on the climate change. What is the main causes of that....???? we all know that is the carbon.
Last 6 months I have been realized promptly that Media is talking about and show us more and more about environmental issues in conjunction with business with involves serious amount of money, talking about Billions. In addition to this, In coming ASENA's Charter, they will talk about it and make some agreement in relation to environmental issues.
Singapore Gov is certainly interested in this matter too. evidentially, Singapore Gov has just entered an agreement with china with joint venture for eco-city. In my opinion, It will be the first step to take an advanced position in dealing with china for the environment related business.
My question and hint to you is Who will benefit from this new upcoming events...???..
Decision is yours.
Now the share price is the below placement, won't it make this share worth buying?
On 20 July 2007, the Board of Directors (
(a) pursuant to the Placement Agreement A, to the A Subscribers at an issue price of S$0.30 for each A Subscription Share; and
(b) pursuant to the Placement Agreement B, to the B Subscribers at an issue price of S$0.325 for each B Subscription Share.
Board) of Oculus Limited (Company) announced the proposed placement of 48,280,000 ordinary shares (Placement Shares) in the capital of the Company in the following manner:
By the way, do you know amerian company call Airproduct?
This compnay is really selling air for money.... and people invest a lot there. see for yourself how much is the stock price like now... probably around US85... why so good? because the raw metarials are almost costless and there is no limit.
cann't help for the confident part, but for how it works you can go to
http://en.wikipedia.org/wiki/Carbon_credit for some info on how this industry make money.
px still drop leh, it seem ppl either dun have confidence liao or they dun know how the biz work as it is new industry. something like selling air for money$. not vested.
Carbon credit developer Aretae has not suffered delays in delivery of its credits, executive chairman David Leong said in an interview. A reported slowdown in the process of generating credits from London-listed counterpart EcoSecurities, which owns the world's largest carbon portfolio, led its share price to plunge 47% last Tue.
The UN is registering a smaller proportion of projects without review and issuing a smaller proportion of Certified Emission Reductions (CERs) without review, EcoSecurities said on Nov 6. EcoSecurities said delivery of one million credits would be delayed until next year, affecting revenue and earnings for '07, and cut estimates for its CER portfolio till 2012 by over a fifth, to 130 million tonnes.
Aretae owns 31 projects at various stages of development that could yield up to 50 million CERs when complete.
hope RTO approve soon.
Published November 14, 2007 Is Aretae still worth $600 million? By MATTHEW PHAN Email this article Print article Feedback FOR UK-listed carbon credit developer EcoSecurities, it looked like the dot com bust all over again. Last Tuesday, its share price slumped 47 per cent to £1.375, their lowest in over a year. The reason? On Nov 6, EcoSecurities - the world's largest buyer of carbon credits - said the pace of project registration and credit issuance had 'slowed markedly over recent months', hitting earnings. Carbon credits being a new sort of commodity in the global marketplace, it was like saying bad weather had damaged plantation crops. You can imagine the impact on stock prices. The question for Singapore investors is whether local carbon developer Aretae, which is pursuing a $600 million reverse takeover with SGX-listed Oculus, is still worth its price tag. Aretae is much like EcoSecurities, though the latter, as a pioneer of the industry, owns a larger and more diversified portfolio. Both develop and finance projects that yield carbon credits, structure them into portfolios to spread risk, and sell them for cash. So it is instructive to look at how carbon supply and demand affected EcoSecurities' market value, because they could affect Aretae's in a similar way. The market for carbon credits, or Certified Emissions Reductions (CERs), derives from the Kyoto Protocol's Clean Development Mechanism (CDM). Under the CDM, projects that reduce greenhouse gas emissions in developing countries can register with the UN to obtain CERs. Other countries buy these credits to offset their own pollution. The process has four main stages: First, a project developer identifies potential projects - such as a landfill that releases methane gas. It then writes a Project Design Document (PDD), which among other things must describe how the project will reduce emissions, and how to monitor this. It must consult stakeholders, like the local community, and report their objections. And it is to obtain host country approval for the project - in Singapore, this is from the National Environment Agency. Second, the PDD is submitted to a Designated Operational Entity (DOE) for validation. This involves checks that information provided and assumptions made are accurate. In the third stage, the DOE submits the PDD to the CDM Executive Board for registration, or formal acceptance. Up to here, the process takes about nine months, assuming no delays, such as reviews, which could need an extra three months each. Implementation can start at this point, though many developers take the risk of starting construction beforehand. In the fourth stage, the developer hires another DOE to monitor and verify that emissions are being reduced. At regular intervals, it reports to the Executive Board, which then issues the CERs. So, when EcoSecurities said that the UN registered 48 per cent of projects without review from June to October 2007, compared to 88 per cent from February to May - it implied projects are being delayed at stage three. And in saying that 64 per cent of CERs were issued without review in the later period, compared to 95 per cent in the earlier period - it implied projects are further delayed at stage four. The slowdown - which EcoSecurities said affected 'most projects, sectors and market participants' - led it to cut estimates for its CER portfolio till 2012 by over a fifth, to 130 million tonnes. Given that Aretae's earnings guarantees to Oculus stand entirely on a projected stream of 50 million CERs, the question is should this now be revised downwards? And on the flipside, with the apparent tightening of CER supply, prices have, as with any well-behaved commodity, risen a few per cent since last week. According to Bloomberg, a UBS report issued one day after EcoSecurities' announcement said that the risk of oversupply in 2009 to 2011 had 'disappeared'. UBS raised its price estimates for carbon allowances for 2009 from 20 euros to 25 euros. So if and when Aretae's (and EcoSecurities') credits do come onstream, they could actually sell for more. Will Aretae stay around long enough for this? This seems likely. According to executive chairman David Leong, Aretae prefers to sell credits it has in hand, rather than forward, to obtain better prices.
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Published November 14, 2007 
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No delays in carbon credit pipeline: Aretae
By MATTHEW PHAN
CARBON credit developer Aretae has not suffered delays in delivery of its credits, executive chairman David Leong said in an interview yesterday.
A reported slowdown in the process of generating credits from London-listed counterpart EcoSecurities, which owns the world's largest carbon portfolio, led its share price to plunge 47 per cent last Tuesday.
The UN is registering a smaller proportion of projects without review and issuing a smaller proportion of Certified Emission Reductions (CERs) without review, EcoSecurities said on Nov 6.
EcoSecurities said delivery of one million credits would be delayed until next year, affecting revenue and earnings for 2007, and cut estimates for its CER portfolio till 2012 by over a fifth, to 130 million tonnes.
Aretae - which is in the midst of a $600 million reverse takeover (RTO) of SGX-listed Oculus - owns 31 projects at various stages of development that could yield up to 50 million CERs when complete.
Five projects are already registered with the UN - which issues the credits - with projected streams of seven million CERs, according to a presentation.
Two of these projects have already issued credits, Mr Leong told BT yesterday. 'Once you go through the first issuance, there is no problem,' he said.
For the other three, Aretae is 'quite confident', given its experience so far.
It has 26 projects due to be registered or under validation, with potential streams of 43 million CERs.
Even if there are delays, Aretae's planned projects will only come onstream in the second half of 2008, so 'we have seven or eight months of time', Mr Leong said.
He said Aretae plans to own and operate its projects - of the 18 it will implement next year, it plans to own 10 - so it can 'cut down on problems that might lead to delays in process because of review'.
EcoSecurities, on the other hand, does not own and operate the majority of its projects.
As part of the RTO with Oculus, Aretae's key vendors are guaranteeing aggregate Ebitda (earnings before interest, tax, depreciation and amortisation) of not less than $50 million for 2008 and 2009.
The guarantees - and all of Aretae's income to date - are based entirely on sale of CERs, Mr Leong said.
But Aretae plans to sell fertiliser and electricity from the same waste management and waste-to-energy projects that generate its carbon credits.
This will diversify the income stream away from just carbon, he said.
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henry, boss tell him or he tell boss?
if boss tell him one, den most likely cant believe
cannot say too much lah. can get into trouble. I only know the chances for the RTO to go through is very high. It wont be like Rowsley.
hanyrtan,
Would you like to share some more detail of what is true?
Thank you.
this one is true. have verified information with my friend.
That is The question for all stocks, isn't it?
look around and see the facts related to the company. Are they negative? or positive?
The current stock pricing behavior can be faked buy someone? maybe, maybe not
once you done that, make your decision.
I also can not tell 100% right, if I could, I probable wouldn't even have to trade stocks to earn money.
I have did that too ... but when price keep droping so wandering whehter should exit or not ...
I am buy at 24.5cents.. to average out the unit cost. if you can not hold it.. better sell it now.. coz it might drop further...
Ai yo ... price already drop to 0.245 now ...
Notice that from time to time there will be 1 lots done at a lower price ... so bad already ... still trying to push the price down ....
can consider if it close abv 0.29 today with volume.
