This it has to be a real long term investment, wind farm, alternative enegies etc etc are going to drive lots of new alternative energy concepts and innovations.

People are waking up to the potential of IT's to take small stakes in these new alternatives, some are already proven eg vestas and the like.

This could form a very nice component of your longterm hold in a si-isa! that's what I did.


http://www.trustnet.com/it/funds/?click=top10&fund=67728

Clipper Windpower plc ('the Company') has been notified on 19 September 2005,
that as at 15 September 2005 Merrill Lynch Investment Managers through the legal
entities advised to the Company has a notifiable interest in 10,174,444 ordinary
10p shares of the Company representing 10.68% of the issued share capital of the
Company.

1.7 back in Sept 05, now look , 3.6, 20 million profit in 5 months, now wonder mne up 30% in last 3 months

also check out cwp

still a cracking buy for the isa, new energy!!!! it's staring(and blowing at us) us in the face!

its a cracker

its the future!

Renewable energy looks like the way to go for this and future years and I have been readily investing in the sector for a while now. Do you still believe this company is good value? REH are a good renewable play (Windpower and tidal) and so is Voller Energy (Fuel Cells) as both have great prospects yet they still haven't surged in price like NME or CWR, you should take a look at these 2 companies. Is MNE just taking stakes in renewable companies and hoping to gain from surging share prices in the company's it invests in or is it also developing its own Renewable energy?

Hi Jojojo,

MNE is an investment trust, so yes it just takes stakes, so really your hedging your bets. IT's are the equivalent of publically traded Unit trusts, and this also appeals to me as you can buy and add them more readily imo, also you can put them in a Self invest ISA, also very nice, then again you can do that with direct share holdings.

What is attractive about it's though to me is the spread of investments, basically a lot of these companies are traded overseas and I have neither the time or inclination to research them, unlike the fund managers.

I like you pick of companies, and like you will be adding selctive new enrgy stocks over time.

Jojojo

Take a look at this,

look at the top 10 IT's, over 3 months, over 1 year and over 5yr.

Then have a think to your self about mne in 3 years time, nothing certain nothing guaranteed but!!

To some extent, I may stop investing directly in shares and let these fund manager boys do it, maybe you wont get the short term buzz but, these guys are ahead of the game.

Also, you may want to venture into alternate contrarian opps like retail, bios haven't fully recovered and of course the tech bubble isn't fully recovered either, I could go on but with limited funds it's(or unit trusts) is the way to go imo.

If you can spread a good base, mix a few, some direct investments for the interest and to keep you upto speed, how do you know which IT's are any good if you don't know what the hell they are investing in?? and some IT's for the solid long term performance and to balance the portfolio, note it's tempting to go completely overweight in /o&g/mining/metal/minerals at present, but try and offset with some new tech as well, construction, insurance/banking etc, if the market goes down the pan in any area, hopefully you wont feel the full force, like the tech bubble!!! where only the most experience investors didnt nurse heavy losses, unfortunately I wasn't one of them, so am trying to learn by mistake

ellio I have just made a small purchase and joined the party. Looking forward to fun times rather than a dodgy hangover :-)

Welome along q1, there's been a lot of press coverage on mne recently, however, I should point out that this will be a slow burner, but worth holding for the exciting long-term prospects in these alternative energy sectors, very good luck.

Cheers ellio, that's why I'm in!

That puts a solid foundation under MNE!!!

Merrill Lynch New Energy Tech. PLC
08 May 2006



Merrill Lynch New Energy Technology plc - Issue of Shares


Merrill Lynch New Energy Technology plc announces that on Monday 8 May 2006, it
issued 3,000,000 ordinary shares to a market participant at 58.75 pence per
share representing 1.51% of the ordinary shares in issue.

The number of shares issued under the current authority totals 7,050,000.

The outstanding shares in issue following this notification are 206,000,000.




This information is provided by RNS
The company news service from the London Stock Exchange

I;m considering buying after the recent dip.

Green is the colour of the future GDP.

Some good momentum building for MNE at present.

New high reached today.

Yep, new highs.

I'm surprised ellio that there aren't more following MNE on this, or on other threads. It's green, it has momentum and really seems to be going places, albeit slowly.

Very good day for MNE today. Up 6% and decisively broken through the recent resistance at 70p. Where next I wonder?