Friday, April 11, 2008

Psychic News Network: Trading Emissions PLC in Bid for Econergy (TRE.L; ECG.L)

Here at PNN we believe...
Still a few kinks in the system. We have to adjust the crystal ball to spot the potential target, not the bidder. We had our first post on Trading Emissions PLC just a couple days ago.
Here are the headlines.

From ShareCast:
Trading Emissions one of Econergy's suitors

From Hemscott:
UK smallcap opening - Econergy International higher after offer approach

From Reuters:
Econergy rejects Trading Emissions approach

From PropertyWeek:
An AIM-listed renewable power producer, in which Vincent Tchenguiz has an 18.3% stake, said this morning it had received a number of preliminary bid approaches.

From the Times of London:
Econergy International lifted by Vincent Tchenguiz

We'll repeat our caveat from the earlier TRE post:
WARNING: This is a very opaque industry with a lot of assumptive accounting, not suitable for widowed orphans.

Now, back to work on the crystal ball.