We have made an initial investment in Ecosave Holdings Ltd (ASX:ECV). Ecosave is a provider of energy efficiency services covering power, water and utility management in Australia. The company was listed in January this year after a $5M capital raising. Until full year results are released it is difficult to… read more →
Geodynamics (ASX: GDY) has – finally – commissioned its 1 Mw geothermal power plant near Innamincka in South Australia. Further testing is to follow, but this is a huge milestone, not just for Geodynamics, but for geothermal power in Australia in general. Move over wind and solar? Not yet. But… read more →
Infigen Energy (ASX: IFN) owns and manages 24 wind farms in Australia and the U.S. They generate over 4.5 GW of electricity annually. Their shares trade well below their asset value because of the large borrowings on their books and related interest payments (they were originally part of the Badcock… read more →
Shareholders will have received details of a 1:4 Rights Issue at $200 per share. In comparison, shares are being offered to prospective new investors at $205 per share.
The feature article in the April Eco Investor magazine discusses the relevance of company cashflow statements for investors. In particular, the way current cashflow can be a guide to future dividends and/or capital raisings. Submitted by August Investments, the article illustrates these relationships using the cashflow statements of Energy Action,… read more →
A milestone event is occurring right now with the commissioning of Geodynamics Ltd’s (ASX: GDY) first geothermal power plant. The electricity will be used to power the town of Innamincka in South Australia. We have increased our shareholding in this company.
Our March newsletter is now available upon request. We discuss recent investment trends and our response to these …plus two offers to shareholders—a free subscription and a forthcoming rights issue.
The December half year accounts of Bendigo & Adelaide (ASX code: BEN) show a continuing deterioration in the financial strength of the company, especially on a cashflow basis. Given the high price of shares in the bank, we have sold our remaining holding.
We have sold most of our investment in Blackmores Ltd (ASX: BKL). While still in a strong financial position, the company now has serious competition from the likes of Swisse+ and Ethical Neutriments challenging their premier position in the health supplement market. The company’s revenue continues to grow, but their… read more →
Our largest equity holding is Energy Action (ASX: EAX). Profit out today is steady (at best) on a per share basis. The shares are priced for substantial growth, so have fallen significantly. We have sold some at $3.06 (still at a significant profit to our purchase price) and are happy… read more →