18 Dec | Clipper, Copenhagen and Christmas
Following on from my semi-forced uptake of Lloyds earlier in the month, this week I received another timely email from my broker informing me of a Tender Offer whereby I could part with some or all of my holding of Clipper Windpower at the slightly higher than current market price of 180 pence per share. As I type we’re trading in the range of 164 and 167 pence, so to be honest, the offer – though far from tender – is looking better by the minute.
I had high hopes for my Clipper Windpower shares this week on the back of proceedings in Copenhagen. I thought all things with even an iota of a green hue, may fly on the back of ground-breaking developments at the Climate Pact talks. I should have known better. Though the big boys are still in their Boeings jetting into the wintry north of Europe – don’t slip on the irony – my understanding is there hasn’t been too much to get excited about thus far in Copenhagen. Big words, big deal!
Anyway, I digress. Maybe there’ll be some groundbreaking news just around the corner and past that patch of mud where a glacier lay for centuries. I hope so, more so for the sake of the planet than for any short term stock market gain. Though massive gains on the alternative energy markets coinciding with the world turning green is the stuff of dreams for this closet tree-hugger.
So it looks like I’ve been forced back into the market again, this time to take up a tender offer, if only to buy straight back in for a short term buck or two. There’s worse positions to be in. I’ve gotten until the 6th January 2010 to make up my mind at least, so we’ll see what unravels.
Thanks again for dropping by this year and following my little online investment journey. I wish you the finest of holiday seasons and look forward to your company again in 2010.
Oh, and if you’re having a hard time conjuring up the perfect gift to give to a loved one, why not head over to Kiva and give the gift of a future to a third world entrepreneur. You’ll feel good, they’ll feel good and you’ll be helping others. Isn’t that what Christmas is all about!