EcoWise    Last:0.024    -0.002

Its Wise to be in Ecowise...

will it still go up?

 

Wow, action continues in the morning.. Gain +10%, TOP 20 Vol... 

 

Ecowise POWER ACTION TODAY 

 Closing Price 0.195

% Gain = 77.3%

Volume = 64.8Mil

 SPEECHLESS



Congrats to all shareholders 

 

hmmm... nice price and volume action today... 

 

Something brewing... CHEONG ARRRRR... 

 

SPEECH BY DR MOHAMAD MALIKI BIN OSMAN, PARLIAMENTARY SECRETARY FOR NATIONAL DEVELOPMENT, AT THE OPENING CEREMONY OF GEOCYCLE SINGAPORE PTE LTD’S NEW FACILITIES, 29 OCTOBER 2008, 10.15AM

wowowowowo... full text here:

http://www.mnd.gov.sg/newsroom/Speeches/speeches_2008_PS_29102008.htm

ecoWISE CHEONG ARRRRRRrrrrr......

 

SINGAPORE’S LARGEST USED COPPER SLAG
PROCESSING FACILITIES AT GEOCYCLE SINGAPORE
PTE LTD OFFICIALLY OPENS TODAY

Follow the link below to read on.  SIGNIFICANT news for ecoWISE 


link


 

 

Finally got some action today............

 

Just announce a bonus dividend of 1cts and a 1 for every 2 rights issue at 1cts each.

 

For those who missed the Ecowise story on Channel News Asia, here it is again on Youtube:

http://www.youtube.com/watch?v=hAiEi2vPeMU 

 

ecoWise Holdings said it expects to acquire or set up joint ventures with regional crop producers and owners over the next one year to generate biomass fuel, as the waste recycler diversifies into the renewable energy business. EcoWise, which specialises in recycling copper slug collected from homegrown shipyards such as Keppel Corp and Sembcorp Marine, hopes to ramp up its renewable energy production, which makes up 10% of its current business, executive director Teoh Teik Kee said during a corporate briefing. It already operates a co-generation (cogen) plant, which is fuelled by biomass such as wood and horticultural waste. Landscape contractors in Singapore pay ecoWise to collect the waste produced. The cogen plant, started in 2005, generates 15,000 kg of steam and one megawatt of electricity per hour from five tonnes of biomass. The steam and waste heat has also been used to sell ISO tank heating services. ISO tanks are containers that store chemicals requiring slow heating. Future tie-ups with crop producers and owners will extend to building a biomass plant near the plantations at a later time, said Mr Teoh.

Working with crop producers such as rice millers in Thailand, would help to 'lock in the supply', he said, adding that the projects must also guarantee off-take by the buyers and provide an annual internal rate of return of 8 to 10% at the start. The company gave no investment figure, but Mr Teoh estimated that it could cost at least $20 million to produce 10 megawatt of electricity using processed food waste at a biomass plant. The investment will be funded by internal resources and bank loans, he added. The company has a healthy cash flow of about $10.3 million, according to its half-year financial statement. 'We've been scouting around,' he said. 'The competition will not come from building a power plant but more from whether we are able to secure the supply of raw material to burn.'

He added that smaller local players could pose a threat in pushing up prices of the biomass. The firm hopes that the renewable energy business will contribute to half of its revenue in about three years' time. Analysts whom BT spoke to said the management's strong track record is likely to push ecoWise's diversification plans through, but noted that such plans are unlikely to contribute significantly to earnings in the short-term. The firm, which has a market value of $71 million, saw its net profit more than double to $6.6 million for its half-year ended April, thanks to an exceptional gain of about $5.1 million from its sale of a 50% stake in its newly-formed unit to Holcim Singapore.

 

ecoWise Holdings looking at renewable energy to drive growth

By Pamela Almeda, Channel NewsAsia | Posted: 17 June 2008 1928 hrs

SINGAPORE : Singapore mainboard-listed ecoWise holdings is looking at renewable energy to drive growth moving forward.
The company is diversifying its business, and has recently set up a new unit to convert biomass into energy.
ecoWise has built its business around cleaning up waste in shipyards in Singapore.
It accounts for 75 percent of the collection and recycling of copper slags in the country.
But ecoWise is now seeking to diversify its business and it said renewable energy is the way to go.
It wants to focus on using biomass to produce energy.
Lee Thiam Seng, Chairman and CEO, ecoWise Holdings, said, "Basically we're looking at two forms of (converting) biomass to energy. One is the combustion method - which means burning the biomass to produce steam, to produce power. The other one is actually the so called 'under the anaerobic process' to produce methane gas and this gas can (be) used to generate power."
ecoWise hopes to build and operate a new plant in countries such as China and Indonesia within the next one to two years.
It is looking to use waste materials like wood, rice husks and even manure from cattle farms, to generate electricity.
Mr Lee said, "We are actually looking at various countries to locate the resources owners, (which are) mainly those areas that have a lot of biomass including wood waste, rice husks (and) manure from the cattle farm.
"We would like to work with these resource owners, team up with them, set up a plant to put these wastes into good use to produce power, (and) sell the power back to them and to their community."
ecoWise is also hoping to generate extra revenue, for example, by selling first grade fertiliser or building materials as well carbon credits.
It is the first Singapore company to successfully secure a sale of carbon credits, by selling 95,000 tonnes of carbon dioxide to Japan's second largest power company, Kansai Electric.
For its recycling business, the company sees more growth coming from its partnership with New York-listed cement company Holcim. - CNA/ms

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/354706/1/.html

 

Its alive ... Its alive AGAIN..hahahaha..

 

Its alive ... Its alive..hahahaha..

 

I am quite confident in this counter, shld rebound in no time.

TP by analyst is quite high.

 

i oso keep for almost 1 mth.. yet not much movement..

 

Wow.... u  must be having alot of faith that it will rebound back to ur deisre PX? I think it's not wise to average out on ur holding price in this market sentiment bro... However i wish u good luck all the way ok bro Ah Bui.   i am also vested at .225 cheers.

 

 

 

dropped agn, i bought another 100lots@0.215  !

 

why they made S$4.6 m last year but the stock price is not flying?  and Bigman has to hold it for 5 years.....very good dividend?

 

Bigman...this is what I call long term.

 

I have been in this counter for about 5 years. You need to be very very patient.... to wait for the North wind to blow.....