Alkane Energy - Back to 100p
Says Zak Mir of Zaks-TA.com
The stock market is full of hyperbole, especially from tipsters. I chanced upon Alkane Energy today and my immediate reaction was that it is the best stock chart I have ever seen.

This may sound somewhat melodramatic, but I do not think that it is an exaggeration. As all traders know (including Nick Leeson if you are reading), the way to make real money is by betting the bank on the really big calls. That is the aim of my site. Nick, if you're still there, now is the time to go long of Alkane Energy - it has to be a better bet than a Nikkei arbitrage.

Although a chartist is fully allowed to ignore the fundamentals and look purely at the technicals, the fundamental background to Alkane is a company that declared losses of 284,000 pounds in its last set of results versus 20 million pounds in the previous year. This is a great recovery situation just in financial terms and the hopes of the bulls are carried in the form of a very extended base on the chart below 20p that was in place for nearly three years. The charting rule is that the longer the base, the bigger and more powerful the eventual breakout. This would imply that we are looking at the possibility of a full return to the highs seen at the start of the decade towards 100p.

Only an end of day close below the 10 week moving average on the weekly chart at 19p would even begin to cast doubt on the upside. The minimum expected target in the near term would be the 40 week moving average now running through 40p.

I'm selling, moving into itm, lovely little company, ****all turnover, 1.9 million loss, only 125p to buy.

good luck!.

deal done.- good.

on the move some good volume again.

any other holders out there. think this is a big step for alk. more deals perhaps.

ALK has signed a deal to sell Carbon Credits and the review of the past 7 years operations is being done to calculate the VER for sale to companies which overproduce CO2. With continous plant operations and growth of methane recovery systems the carbon credit sales will be welcome income for ALK.

Also the refinancing of Pro2 (Germany) must be nearing completion which will further allow expansion in Europe.

positive few months for alk. shame the city has not picked up on it.

hope to break recent resistance.

surprised this isnt geting more attention with recent meeting of world leaders on climate change. carbon emissions etc.

time to buy again

already have eggbert.

Alkane Energy plc expanding.

http://news.bbc.co.uk/1/hi/england/nottinghamshire/6748603.stm

when will the rns come?

Pro2- expansion finance sorted. good.

Time to buy again ??

canada1, certainly one to keep an eye on. Rising EPS with results out in a few days! If its good, I'm in big.

dcglim, any comments ?, looks good to me, can't understand all the sells.

Interview with Neil O'Brien, Chief Executive Officer from Alkane Energy

Click here:

http://www.brrmedia.co.uk/event/104007/neil-obrien-chief-executive-officer

Audio interview with Neil O'Brien, CEO of Alkane Energy (ALK).

Click the link to listen;
http://www.brrmedia.co.uk/event/108091/neil-obrien-chief-executive-officer

StockMarketWire.com
Independent gas to power producer Alkane Energy's revenues rose by 54% to £14.7m in the year to the end of December anmd a maiden dividend of 0.1p per share is proposed.

Group profits before tax and pre-exceptional items increased 44% to £2.9m (2011: £2.0m) and earnings before interest, tax, depreciation and amortisation rose by 37% to £5.8m (2011:£4.2m).

The group reports its eighth successive year of growth in output - up 19% at 167GWh (2011: 140GWh) - and says it is now the largest coal mine methane operator in UK.

Chief executive Neil O'Brien said: "The successful acquisition of Greenpark has provided Alkane with the scale to significantly benefit from the well publicised looming energy gap requiring additional and responsive generators.

"We will continue to invest in building our portfolio of mid-sized power plants and look forward to another year of progress in 2013."