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.
Trading Emissions one of Econergy's suitors
UK smallcap opening - Econergy International higher after offer approach
Econergy rejects Trading Emissions approach
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.