I guess CBD is still waiting to be discovered by the rest of the market. After years of straggle and going backwards it is not exactly market darling and is lost in the multitudes of penny dreadful specs.
Lets face it, things only started to go right for CBD last year after acquisition of eco-Kinetics, that is currently making the lion share of the profits, Previous years was loss, loss, loss.
The solar photovoltaic division is showing most promise ATM. With government subsidies already in place and ability to sell green energy to grid for profit, it is likely to go great guns. It is not being helped however, by inverter manufacturing project being stucked in the slow lane. Or maybe the reports of July start and early production were just too optimistic.
The wind division is a medium to long term profit booster, judging from the length of time it takes , just to get approval for the project, not talking about finding suitable sites and getting some local support in the first place.
I wonder if there are any problems with negotiating the financial facility flagged earlier. Certainly the sudden silence on one or two events, that were supposed to be in the bag is not encouraging.
The thermal energy storage sound like a great idea, but it is not in the same league as I-phone or I-pad. At least ATM.
I suppose, to be noticed, CBD still has to chalk up few more runs on the board. The China connection is showing most promise IMO. The Thailand project is also a great coup with immediate bottom line implications and with 10 odd years to run it should continue to contribute.
The financial press continues to ignore CBD by and large, we are lucky if we get couple mentions a year in major papers. I guess that is to be expected for a small fry with 60 mil capitalization. IMO, to get attention, management needs to keep bombarding press with positive news. Lets hope there will be plenty of it and sooner or later someone is bound to take notice.
CBD Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held