Enevis Limited

( ASX:ENE ) - Capital Goods


Energy Developments And Yield Plays

The Australian longer term investor’s search for yield has not abated in early 2015. Indeed, on stock market performance to date, it has intensified. Yesterday’s rate cut from the RBA is only one accommodative move in a long line of global monetary policy easing, from increased Japanese stimulus to the ECB’s “shock and awe” QE and on to rate cuts in China and in many commodity-exporting countries.

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It’s Not Easy Being Green

Around this time last year there was a real focus in Australia and around the globe on the issue of greenhouse gas emissions. The Howard government was refusing to sign the Kyoto agreement, but had commissioned a report on a potential national carbon trading scheme. As the task force included only the country’s heaviest polluters, and no environmentalists, it was seen as a farce. But at the same time a bloke by the name of Kevin Rudd was beginning to soar in popularity, and he was talking tough on Kyoto, emission reductions and trading schemes. It just might be that he could win the election.

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Analyst Views

ENE – UBS rates the stock as Buy

The broker has lifted its FY16 earnings forecasts for Energy Developments by 13% on the forecast of a $50 REC price and expectations of higher Qld pool price assumptions. The broker believes the company will continue to be successful with renewal of its waste gas and remote area electricity portfolio, albeit mining companies are eager to reduce costs.

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