Carbon Conscious back in

Carbon Conscious (ASX: CCF) provide reforestation services for carbon-capture in Australia and New Zealand. They have been off our list for a few years, but their financials seems to be coming back into order. They are back in the portfolio at around 5.5 cents.

A recent report from the CSIRO lists carbon sequestration from environmental reforestation as on of the three achievable actions which must be encouraged if serious climate change is to be avoided. Carbon Conscious is at the forefront of this activity in Australia.

(Update two weeks later: Shareprice has been as high as 9c, but back down to 7.5c. Company just released its yearly results to 30 September 2015: profit increase confirmed. PE of 10 after conservative writedowns looks good.)