RNS Number : 8534O
Clean Energy Brazil PLC
25 September 2013




Clean Energy Brazil Plc

(the "Company")



Interim Dividend Payment



The Board of Directors of the Company is pleased to announce a dividend of 3.2 pence per share. The Dividend will be paid on 18 October 2013 to shareholders recorded on the register on 4 October 2013. The shares will be marked ex dividend on 2 October 2013.

What's the catch, or am I missing something here?! 3.2p per share at the current share price of 7p seems a lot.

DOODLEBUG

It is a special dividend from an asset sale so is a one off in terms of the size of it
but what interested me was some chatter i heard a few weeks back that they are
going to be investing heavily in the new Brazilian hydro-electric sector.

This is a very strong buy and hold for me and i will be re-investing the dividend payout
to add more shares in this Co,as i have a hunch something big is brewing !!

I think this will catch the eye of investors soon (is currently off radar )

Mack

Thank you Mack, it's certainly a share that was off my radar! I will do some more research on this one.

Doodlebug

You are welcome,i have been in a few special situations like this before where a
huge special dividend is on offer and those stocks always get bought up heavily
ahead of the payout.

You have to be on the share register on the 4th October to get this 3.2p per share
dividend so don,t hang around too long mate. I think it could push through 11p - 12p
ahead of the dividend record date.

You might also be interested that they have only 133m shares in issue and of those
just over 90% are held by II,s ,so the freefloat is something like 13m ONLY !

Like i said before the chatter is that the company are moving in to the hydro-electric
sector in brazil,it is the next investment boom there.If this company even gets a tiny
slice of that the gains here will be life changing.


Mack

Mack R cheers for the heads up on this :-)

Oil Fund

I think the company might also offer another good sized dividend within a month
of this current one being paid.It could well be around the 3p level again :-)

Now that is interesting!

Mack,
Why do you think that there will be another [large] divi so soon after the interim divi of 3.2p in Oct. If there is it will take the SP to about 1p which surely wont do the company much good in the long run especially if it is looking to move into the HE field.

Alex

ps i am a small holder

re - I think the company might also offer another good sized dividend within a month
of this current one being paid.

at this point is ony speculation from " Mack " due to the company receiving another $2.16m on the 15th October 13.

as the offer has move not long ago to 8p some buyers already paying 7.85p, not the 7p earlier on

Mack am i right in thinking they will still have around 6p in cash after they get the
last payments in and pay the latest dividend ?

Offer price is currently 7.84p

re -price paid offer 7.84p

Was that the price you paid?

7.842p to be exact, ontheturn!

bid to 7p after buyers are piling at 7.50p

A delayed 200K AT 6.85p was most likely and order finaly being filled and then MMs let the share price move forward

I doubled up here this morning guys :-)

ontheturn,i reckon this will move to around 10p before the dividend record date
and not least because they could well pay another hefty dividend out when they
get the last cash in from the sale in a few weeks.So another 3-4p could be coming
after this one.

It is their policy to return this CASH TO SHAREHOLDERS!

Master RSI - from the "UPS" thread on another bulletin board. Some useful info here:

Clean Energy Brazil plc (CEB) is an investment company, which offers the opportunity to participate in the prospective growth in the Brazilian sugar and ethanol sector.
CEB invests in integrated sugar and ethanol production units in Brazil, giving investors exposure to: Brazil's domestic ethanol market; the global sugar market; and the growth in global ethanol demand.

Total shares in issue: 133,700,000

Percentage of AIM Securities not in Public Hands (as at 26 June 2013):
Ordinary shares in issue - 90.12%
Identity and Holdings of Significant Shareholders (as at 26 June 2013):

Insofar as the company is aware, the following are the significant shareholders of the company and their percentage shareholdings.
Global Investors Acquisition - 62.79%
QVT Finanacial - 27.31%
Credit Suisse Nominees - 3.08%

UPDATES on sales of Investments

16 July 2013
Sale of Agricultural Assets-Progress Update
Further to the announcements made by Clean Energy Brazil plc ("CEB") on 1 June 2012 and 10 December 2012 relating to the sale of CEB's entire interest in Unialco M/S to Unialco S/A, CEB is pleased to announce that following an installment payment made on 11 July 2013, the total amount received to date is USD $11 million.
Approximately USD $6.7 million of installment payments are still outstanding with last payment due by 15 October 2013.
Our current cash position is approximately USD $3.6 million. We intend to continue to closely monitor our costs and return excess capital to shareholders.

13 September 2013
Sale of Agricultural Assets - update
Further to the previous announcements made by Clean Energy Brazil plc ("CEB") relating to the sale of CEB's entire interest in Unialco M/S to Unialco S/A, CEB is pleased to announce that following an installment payment made on 12 September 2013, the total amount received to date is USD $15.58 million. Approximately USD $2.16 million of installment payments are still outstanding with last payment due by 15 October 2013.
Our current cash position is approximately USD $8.1 million. We intend to continue to closely monitor our costs and return excess capital to shareholders.

Our Investments

Unialco-MS
Unialco-MS is a holding company which controls Alcoolvale (92% owned) and Dourados (80% owned). Alcoolvale is an operating mill producing sugar and ethanol which currently has a 1.75 million tonnes of annual cane crushing capacity. Alcoovale’s sugar cane needs are supplied by the farming companies Canavale and Alcoolvale Agricola (99% and 92% respectively owned by Unialco-MS). Dourados is a well advanced greenfield project located in Mato Grosso do Sul state. It controls its own sugar cane plantation.

Clean Energy Brazil holds a stake of 33% in Unialco-MS which is a joint venture with Unialco-SA, a well known sugar mill organization in Brazil.

Special dividends paid

01 December 2011 - Interim Dividend
The Board of Directors of the Company is pleased to announce an interim dividend of8.8p per share. The Dividend will be paid on 23 December 2011 to shareholders
recorded on the register

20 November 2012 - Interim Dividend Payment
The Board of Directors of the Company is pleased to announce a dividend of 3.5
pence per share. The Dividend will be paid on 14 December 2012 to shareholders
recorded on the register on 25 September 2013

13 September 2013 - Interim Dividend Payment
The Board of Directors of the Company is pleased to announce a dividend of 3.2 pence per share. The Dividend will be paid on 18 October 2013 to shareholders recorded on the register on 4 October 2013. The shares will be marked ex dividend on 2 October 2013.
.
The CEB Team

Eitan Milgram, Non-Executive Director (aged 31)
Eitan has worked at Weiss Capital LLC since April 2000 as a Portfolio Manager, Head of Trading and Head of Operations. He is an Executive Vice President of Weiss Capital LLC. He graduated summa cum laude from Boston University where he won the Prize for Excellence in Economics. He has served on the board of directors of eight publicly traded corporations and has advised numerous corporations on reorganizations and restructurings.

Josef (Yossi) Raucher, Non-Executive Director (aged 38)
Josef is an Analyst at Weiss Capital LLC. Before joining Weiss, Mr Raucher worked for five years at McKinsey & Company as a Senior Engagement Manager. At McKinsey, Mr Raucher was part of the Private Equity and Financial Institutions Practices, where he served Fortune 100 clients on international strategy development, operations and investment due diligence. He has an MBA with Honors from Columbia Business School, as well as a LLB in Law and Bachelors in Accounting from Tel Aviv University.

Tim Walker, Non-Executive Director (Chairman of the Audit Committee) (aged 54)
Tim is a chartered accountant and an Isle of Man resident. He is the former finance director of Swallow/Vaux Group plc, Strix Group and Burtonwood Brewery plc. Tim is currently a non-executive director of AIM listed Ishaan Real Estate plc and a number of private companies in the leisure and property industries.

Philip Scales, Company Secretary (aged 61)
Philip is managing director of IOMA Fund and Investment Management Limited, part of the Isle of Man Assurance Group. IOMAFIM specialises in the provision of third party fund administration and investment management services. Prior to this, Philip spent nearly 18 years as managing director of Northern Trust International Fund Administration Services (Isle of Man) Limited (formerly Barings (Isle of Man) Limited). He has over 30 years' experience working offshore, primarily in corporate and mutual fund administration and currently holds a number of directorships of listed companies. Philip is a Fellow of the Institute of Chartered Secretaries and Administrators.

Wow so under 15m shares in retail hands ??


This could get rather interesting

That's kind of what I was thinking Jazz! :-)

Typical MMs messing about with the spread now - did the same thing yesterday afternoon.

doodlebug i am liking this more and more !

It will be interesting to see how this plays out - how many buy in just for the divi and then sell immediately and how many buy for the divi and hold on.

doodlebug4 they are due to get another $2.1m cash from the sale on the 16th of
october so any drop from the ex divi date will be quickly bought up IMVHO.So i do
not think it will be the dividend amount of 3.2p lower afterwards when they have
all the cash in the coffers on the 16th.

In short they will still be sitting on a big cashpile mid october and could announce a
new investment or two :-) and you still get a 45% dividend !

Looks like a no-brainer to me whichever way you decide to play it. Depending on how the MMs move the share price the next few days I may buy some more, since the timing of my buy wasn't too clever on Friday! :-) Looking at the chart following on from the last big dividend pay out (3.5p) at the end of November last year it took the sp about 6/7 months to recover to the same pre-dividend level.

nice company resume from Master RSI

It looks like the directors have been investing on the right places and now have got the results with the cash coming in from the sales

doodlebug4,do not forget they will be getting the rest of the asset sale cash in around
two weeks time so any drop from the dividend will be short lived.Could get lively later!

Good movement up today on early buying ahead of going X-dividend on Wednesday

On moving further up a posible BREAKOUT will occur

ontheturn

And only around 13m of shares in free float :-)))

Thank you for the heads up on this one Mack R - not a share that was on my radar before! :-)

another bout of buying is going on again

doodlebug

I only came across them in feb but been watching them carefully since,i think they
look after their shareholders very well indeed in relative terms.Have bought more
today too :-)

It is very interesting that the institutions holding 90% of the shares here have not sold any at all,i wonder if they been briefed on the company,s next move ?

Nice chunky 600k buy after the bell. The next few days/weeks/months will be interesting! Finger poised on the buy button here!!

going X-divi tomorrow..... so expect the 3.20p drop, anything less will be the bonus

4.75p is the price now so only 2.75p has been discounteda plus of 0,50p on the day


5 days chart

Reading the CEB threads on some other bulletin boards it would appear that some posters are clueless that share prices usually drop on ex-divi days! As you say ontheturn, a drop of anything less than 3.20p is a bonus here.

reference - ex-divi day

It seems some investors need to learn a lot yet

is like withdrawing money from the bank and expecting not to show on the statement.

I find it strange, after all it's very easy to use a search engine and find a website that will explain ex-divi dates etc.

doodlebug

A very interesting day here,as i thought the mm,s did not overdo the drop ex div
because more funds from the sale are due in shortly.

PS - I added more today with my divi proceeds

I bought more on the drop yesterday as well Mack.

Could that be a case of great minds think alike dood :-)

Well if we had both waited until today we could have bought in at 4.40p! Never mind I'm quite happy to wait until the share price bounces back to its pre-divi level and looking forward to a nice divi being paid into my bank acoount on 18th October. On top of all that there is a possibility of another divi announcement in the not-too-distant future.

Wait until next week and buy in 2.5p

Okay, I will - 100k @ 2.5p and another dividend of 3.2p approx. perhaps = looks like a no-brainer really. I've bought into this on the basis that I never gamble more than I can afford to lose, so if it all goes pear-shaped I'm not about to commit suicide. On the plus side I could make a lot of money here.

Or not, as the case may be.

Yes, I just said that - if it all goes pear shaped I'm not about to commit suicide. :-)

A movement up on the bid side

Friday is dividend day 3.20p

Dividend will be paid on 18 October 2013

5 days chart

Clean Energy Brazil swings into profit
StockMarketWire.com
Clean Energy Brazil posts a pre-tax profits of $225,000 for the year to the end of April compared with a loss of $678,000 last time.

The group made a net investment profit of $1,136,000 compared with $32,000 a year ago and administration fees and expenses fell to $639,000 from $944,000 but there was foreign exchange loss of $245,000 compared with a gain of $246,000 in 2012.

The group also said it had received the final instalment of $2.16m for the sale of its interest in Unialco M/S to Unialco S/A on 11 October.

The company's current cash position, after deducting the dividend of 3.2 pence to be paid on 18 October, is approximately $3.32m.

NEWS ON THE WAY?

has been strong today after last week large volume
has been smashed lately after paying a large dividend and another one to come
considered now as a cash shell after NEW DIRECTORS

" The Board is intending to propose the Final Dividend of 1.403 pence to be paid on 20 December 2013 to Shareholders recorded on the register on 6 December 2013. The Ordinary Shares will be marked ex dividend on 4 December 2013. However, this is dependent on Shareholders approving at the AGM a change to the Company's legal form. "

Gone x- dividend today 1.403p

but the share is up

2.225p ( yesterday close ) - 1.403p (X - dividend today) = 0.822p

but share price is at 1.125p +0.303p

and still moving higher now 1.675p +

Completion of Proposals

Further to its announcement on 22 November 2013, CEB Resources plc (AIM: CEB) is pleased to announce that each of the proposals set out within the Circular to shareholders dated 30 October 2013 has come into effect today, including, inter-alia;

-- completion of the Placing of 10,839,750 new ordinary shares at GBP0.02 per share to raise GBP216,795 before expenses;
-- the proposed board changes;
-- new investing policy; and
-- the appointment of Peterhouse Corporate Finance as Joint Broker to the Company New Chairman Cameron Pearce commented: "This is an exciting time for CEB and we look forward to implementing our new investment policy for the benefit of our shareholders".

Full Details
Completion of Placing
In connection with the Placing, application has been made for i) the 10,839,750 new Ordinary Shares issued to Placees; and ii) the 1,750,000 new Ordinary Shares issued in aggregate to Peterhouse and N+1 Singer to be admitted to trading on AIM ("Admission"). Admission will occur at 8.00 am today. Following Admission, the total number of voting rights in the Company will be 146,289,750 ordinary shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

The Company has also issued to placees under the Placing 10,839,750 warrants to subscribe for Ordinary Shares at GBP0.02 per share, which are exercisable for 60 months from the date of Admission.

ZZZzzzzzzzzzzzzzzzzzzzzzz

Something is going on, the stock is in the move after last week HIGH volume

NUMBER OF SECURITIES IN ISSUE (as at 5 November 2014):
The total issued Ordinary shares is 232,714,628.

PERCENTAGE NOT IN PUBLIC HANDS (as at 6 August 2014):
58.77% are not in public hands.

IDENTITY AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS (as at 6 August 2014)
Insofar as the company is aware, the following are the significant shareholders of the company and their percentage shareholdings.

Fitel Nominees Limited 17.19%*
Euroclear Nominees Limited 16.03%
State Street Nominees Limited 12.01%
Beaufort Nominees Limited 11.41%
Carbon Investments SP. Z.O.O. 7.91%
Roy Nominees Limited 7.44%
Pershing Nominees 3.24%
Mr Jeremy King - 2.13% Ordinary shares / 410,000 Warrants

*Mr Cameron Pearce - 11.97% Ordinary shares / 1,640,000 Warrants

http://www.cebresources.com/investor-relations/company.html

Agreed mentor, something going on here - sudden pick up in volumes towards the end of last week.

massive volume/buying going on. Might b worth a punt the way some of these tiny dogs have been bagging of late (for no apparent reason)....

In for a punt on a hot potato..

Something is stirring her.

Company policy

The Board expects that investments will typically be held for the medium to long term, although short term disposal of assets cannot be ruled out if there is an opportunity to generate an attractive return for Shareholders. The Board will place no minimum or maximum limit on the length of time that any investment may be held. The Company may be both an active and a passive investor depending on the nature of the individual investment.

There is no limit on the number of projects into which the Company may invest, and the Company's financial resources may be invested in a number of propositions or in just one investment, which may be deemed to be a reverse takeover under the AIM Rules. The Directors intend to mitigate risk by appropriate due diligence and transaction analysis. Any transaction constituting a reverse takeover under the AIM Rules will also require Shareholder approval. The Board considers that as investments are made, and new promising investment opportunities arise, further funding of the Company may also be required.

Where the Company builds a portfolio of related assets it is possible that there may be cross holdings between such assets. The Company does not currently intend to fund any investments with debt or other borrowings but may do so if appropriate. Investments in early stage assets are expected to be mainly in the form of equity, with debt potentially being raised later to fund the development of such assets. Investments in later stage assets are more likely to include an element of debt to equity gearing. The Board may also offer new Ordinary Shares by way of consideration as well as cash, thereby helping to preserve the Company's cash for working capital and as a reserve against unforeseen contingencies including, for example, delays in collecting accounts receivable, unexpected changes in the economic environment and operational problems.

happy with 0.3 for easy dog money. Market cap wouldn't buy a terraced kennel in the ol smoke.

My dogs don't need terraced kennels, they sleep indoors on my sofas! I agree with what you say - must be worth a small punt at these prices.

came back to market on Thursday...no real change in the sp but I'm 150% up from when I went in before suspension....it's all looking though so I'm staying in for a while

moving higher earlier and now profit taking, will look ready at 61.8% retracement

Buyers are back as the retracement point was reached 0.625p

The marked down at the end was overdone as there was no trades for it.
so now all buyer and moving forward again already 0.645p

some useful info here for those interested.

https://northcoteenergyresearchblog.wordpress.com/indonesia/

0.69p +0.03p

MMs moving on everytrade

momentum is there, and MMs are short of stock after late Friday buying and no share price rise at one time

BREAKOUT

Now just gone as it went over the 0.73p previous intraday high to 0.735p

any profit taking and a new wave of buying, pushes the price higher

on a spread of 0.73 v 0.75p

paying now premium on above size 1.6M
10:26:07
0.76p
1,643,033

0.705p +0.045p

just like last Friday MMs brought the share price down to 61.8% fibonacci retracement 0.695p, before let it it go higher once again

Bullish all the way and volume is an extra point just now reaching the 50M of last Friday, over 3 and half hours to go yet

managing a good pull back by the end of the day on reaching 0.73p

BREAKOUT

0.765p
Lots of buying today and a new high for the stock

is a non stop trading for the stock today 75M and on record territory 0.83p +0.14 (+20.29%)

there was a delayed trade of 5M paying full price for the day 0.85p

Shaping up nicely... will stick around a bit longer

If you have not sold, then the directors did and spoiled your day
I did managed to sell mostly @ 0.80p but on being over size, had to keep some

rotten Barstewards, one has to called them, on doing such a thing on a new starting company and already selling.

Director Dealings

CEB Resources plc has been informed that directors Cameron Pearce and Jeremy King have today sold in aggregate a total of 20 million ordinary shares in the Company.

Cameron Pearce has sold 15,000,000 ordinary shares at an average price of 0.815 pence per share. Following the sale Mr Pearce has a total interest in the Company of 15,246,748 ordinary shares and 19,500,000 options.

Jeremy King has sold 5,000,000 ordinary shares at an average price of 0.83 pence per share. Following the sale Mr King has a total interest in the Company of 371,089 ordinary shares and 6,500,000 options.

After a couple days of profit taking after the wrong news, is on the up again by a long way 0.76p +0.11p

Holding just above last Friday close, very strange on a day of falling markets by 3% ( FTSE )

MAM chart does not show 0.005p

moving well ahead today, she is not alone

Is now at Intraday BREAKOUT 0.85p was at 0.86 earlier but not at MAM.s chart

KEEP an EYE
@ 0.675p (0.67 / 0.68p )

Had a large retracement and it seems buyers are back on a very tight spread and good level 2 of 2 v 1 and
yet better spread selling 0.6738 Buying 0.6770p


sold VAST bought CEB

a lot of two way trading earlier but now the large trades paying full offer price, so ready to move higher

we are on the move, earlier went the offer 0.68p and now the bid has gone to 0.68p and just now with 2 MMs

The price has level now and the buys are large, so going over yesterday price is only a matter of time

spread 0.69 v 0.70p
bullish level 2
of 2 v 1

Anyone interested in meeting the CEB team should make an effort to meet these guys and also network amongst fellow investors.

Meeting point will be at 4pm:

St Brides Partner Ltd
3 St Michael's Alley
London
EC3V 9DS

From here we will move across to The Jamaica Wine House from 16:30pm which is within spitting distance for drinks and light bites.

Anyone interested then confirm your interest here:

Please email
Investormeetings@outlook.com

0.715p +0.02p

Looks like the seller is now gone and MMs are marking the prices up on any large buy

How Market works (CEB example)

After a good rise on any share price comes the retracement, as share price reach certain point on the way down, buyers will start buying, till reaches a point were buyers and seller level off and the price stop falling. ( CEB last Friday )

From that point on, buyers move in on higher amounts and share price tend to move a bit up, but yet again some sellers also get in on getting better price on the bid side. ( CEB this morning )

This fight goes on for some time till sells almost finish at the time bid price and buyer keep buying so share price start moving higher on a bigger amount.
The fight continues on a higher bid price ( CEB at this point )

the earlier shenanigans played by the MMs down to 0.69p have come to nothing but a mark up now 0.745p +0.02p

Share price keeps moving up and then down again

PEEL the MM is loading of shares and then sells them, meaning goes from being the only one at bid to the only one at offer, even if means the same price, like now, was 0.75p bid now is 0.75p offer 5 minutes larter
----------------
Alan Green chat to TipTV

https://m.youtube.com/watch?v=6D2s6U0bWA4

divi is it fantasay, or fact where is the notice what date, ceb makes losses
no hope. am not in this one, find the divi if you can, or can it the BB

Well on the up 0.87p +0.08p
a very strong spike, most likely some profit taking on the way

black bird

stop being a pain on the @rse here and other places

CEB is a new company >>>>> Ceb Resources
do some research before spouting some of the usual.

remedy
feed yourself with the right diet instead of the poison worms

BREAKOUT

intraday breakout from the recent highs, record volume today

a higher breakout this morning 1.125p and a huge volume already 100M, buyers are piling on expectations of Indonesia news, but plenty are taking profits

Looking at the way the share price is performing this afternoon, it could easily be the end of the rally and retracement on the way

retracement is happening now under 1p @ 0.98p

Up 25% at one stage today.