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Market: AIM
Sector: Cleantech and Renewable Energy
EPIC: CAO
Latest Price: 4.50p  (0,00%)
52-week High: 23.00p
52-week Low: 4.13p
Market Cap: 8.51M
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Camco
www.camcoglobal.com

Camco is a global developer of emission reductions and clean energy projects with operations in China, US, UK, Africa, Russia and South East Asia. Camco has a 20 year track record in project development, advisory, technical delivery and policy development, working with local industry, multinational companies, governments and regulatory bodies. 

Camco has a strong presence in the emissions market having created one of the largest reductions portfolios and works locally with industry, equipment providers and investor groups to create emissions-to-energy projects, maximising sustainable energy production across a range of industries.

Full Camco profile here
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Broker view: Singer says Camco has “significant potential”

10th Jun 2011, 4:24 pm by Jon Mainwaring Camco creates carbon credits from renewable energy schemes around the world

Singer Capital Markets said it still sees significant potential upside to its “conservative” valuation of 32 pence per share for green energy group Camco International (LON: CAO) after data from the United Nations showed progress with the firm’s projects at the start of June.

The house broker says that its valuation includes nothing for the value of contracted post-2012 carbon credit revenue, the US AgPower business nor the SE Asia joint venture above the cash held by that joint venture.

The UN’s Clean Development Mechanism data showed that three additional Camco projects have been registered, with a design total of 448,000 tons of carbon credits pre-2012 and 2.3 million tons over the 2012 to 2020 period. This takes the total number of registered projected to 62 with a further 43 known to the UN awaiting further progress, which makes for 89.7 million pre-2012 and 253.3 million post-2012 total carbon issuance.

Camco has a further six projects that have been submitted for registration and this process is now taking around three months on average, according to the house broker. Meanwhile, the firm has a further 34 projects known to the UN where a unique identification number has been allocated, which may eventually progress to registration.

For the this year Singer estimate total turnover produced by the group will be €38.5 million (2010: €30 million), while adjusted pre-tax profit is expected to come in at €7 million (2010: €3.5 million).

For next year turnover and profit is forecast to come in at €39.7 million and €7.8 million respectively. 

At 1:43pm on Friday Camco’s shares were trading lower by 7.2 percent at 20.05 pence each.

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