Friday, March 6, 2009

Al Gore. No Score: Camco shares fall on delay of '08 results release (CAO.l; CAMIN.L)

Camco appears to be Al Gore's favorite carbon trader, his Generation Investment Management owns a bit under 14% of the company.
From Reuters:
Clean-energy project developer Camco International's decision to postpone publishing its full-year preliminary results due to accounting discrepancies drove down shares on Thursday as analysts digested the news.

Camco (CAMIN.L) said minutes before the market closed on Wednesday it would delay publishing its 2008 results, scheduled for release on Thursday, due to discussions with its auditors over the company's revenue recognition policy.

Camco shares were down 5.41 percent at 8.625 pence at 1031 GMT.

The company, scheduled to release the results on Thursday, did not say when it would announce its results....MORE

"Carbon Trading: Camco cuts 2008 outlook (CAMIN.L)" has links to some of our prior posts on Camco.