Holiday Park Acquisitions for Aspen

With Australia in summer holidays mode, now may be a good time to give some thought to the holiday parks sector. There has been a roll-up underway in the fragmented industry for a few years now, with two listed stocks among the players buying up family owned holiday parks to create larger businesses with growing market capitalizations.

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Sri Lanka Opportunity for Carnegie Wave Energy

Carnegie Wave Energy has added Sri Lanka to its growing list of potential island clients with a memorandum of understanding with Lanka Energy Conservation (Pvt) Ltd. The companies will identify opportunities and development paths for commercial wave energy plants and potential microgrids on Sri Lanka. They will look to integrate these into existing or new power infrastructure to supply both clean power and freshwater.

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Infigen Returns to Profit

The takeover inquiry that helped fire Infigen Energy’s share price earlier this year is no longer live, but Infigen Energy’s managing director, Miles George, said the company remains open to proposals that can add value to shareholders. He said the earlier potential takeover discussions were deemed to not add as much value as other options such as the improving operating conditions and pursuing the company’s development portfolio.

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Good IPO For Plastics Recycler

What to do with mountains of waste plastics has long been a key environmental question. One answer has been turning them into harder-wearing and longer-lasting substitutes for timber products and that is the solution being commercialized by Range International, which debuted on the ASX on 22 July after raising a not insignificant $50 million.

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Room To Move For RedFlow

RedFlow has plenty of room to move on the pricing of its ZCell home battery system if it needs to, said company chairman Simon Hackett. Last month RedFlow revealed the enclosure for the residential energy storage system, and expects the first shipment of ZCell batteries to arrive in Australia late this month for testing. The initial price of a storage system without solar panels will vary with capacity and installer but a standard 10 kilowatt hour installation is expected to cost around $15,000 to $18,000.

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New Strategy for Energy Action

Former market darling Energy Action is aiming to renergize itself with a new strategic plan that capitalizes on three trends in the energy market – microgrids, big data, and the National Australian Built Environment Rating System (NABERS) for energy efficient buildings. It has also reorganized its core product offerings and launched an Energy Metrics Platinum service.

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Double Glazing Boosts Glass Profits

Windows with doubled glazing or performance glass that insulate against heat and cold are great passive technologies as they have only an upfront cost and don’t need ongoing power or costs to keep doing their job, which can be for many decades or longer. They are good for the wallet as well as the environment. So it is encouraging that the ASX has an investment option for energy efficient windows. New Zealand’s Metro Performance Glass listed in July 2014 and it’s doing well.

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Capital Raising for Kalina Technology

Kalina Power is raising $5 million in the next step to recapitalize and rejuvenate the company. The capital is to strengthen its balance sheet and help it implement its business plan to commercialize its Kalina Cycle technology that uses waste heat from large industrial plants to produce more energy efficient and less greenhouse gas emitting power.

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SECOS Responds To Plastic Bag Ban

The push in Australia to ban plastic bags could affect biodegradable or compostable bags, including those made by SECOS Group. Jeff Angel, convenor of the Boomerang Alliance of 34 groups, which is campaigning against plastic bags, said "Our call includes the so-called biodegradable or compostable bags which are just as dangerous when littered or in the marine environment. They don’t disappear."

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Transpacific Now Cleanaway

It has taken many years so it is not before time that Australia’s biggest waste management company looks like it may finally be getting its act together. Transpacific Industries has completed its name change to Cleanaway Waste Management, and reported a half year profit of $23 million to turnaround last year’s December half loss of $42 million. Revenue also went up, by 8 per cent to $747 million.

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Beacon Lighting Justifies Early Promise

The strong share price performance by Beacon Lighting Group since its IPO two years ago seems justified with the company achieving record sales and a record profit for the December half year. Sales revenue was $98.5 million, up $7.7 million or 8.5 per cent on the December 2014 half. The net profit was $11.1 million, up $2 million or 22 per cent.

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Change of Direction Brings Profit for HRL

HRL Holdings’ strategy of refocusing from geothermal energy to environmental services has paid off with the company announcing a net profit for the December half of $339,297. The December 2014 half year loss was $1.48 million. Although the profit is modest, the underlying net profit was also positive at $556,014 and Eco Investor has upgraded the company from a pre-profit to a pre-dividend security.

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Steady ASX Listing for Contact Energy

When it comes to renewable energy, New Zealand keeps giving with the latest instalment being the dual-listing on the ASX of Contact Energy. The listing was announced in early August last year when Origin Energy said it was selling all of its 389 million shares in Contact Energy, and the listing occured on 24 September with the shares opening at $4.40. The shares have kept their value, trading between $4.95 and $4.18 and mostly recently at around their opening price of $4.40.

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No Maiden Dividend from Huon Aquaculture

In April Huon Aquaculture delivered its first disappointment to the market when it revised down its expected earnings from its prospectus forecast. In the recent reporting season it delivered its second disappointment by not declaring a maiden dividend since listing, although in the prospectus directors said they anticipated there would be a final half dividend.

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