Yes, I had meant to make that point (Capital raising, over-priced shares) about Kuth, before I went overseas, but it slipped my mind. I had formed the view in January that CCF, KEN and CBD were all over priced.
Kuth has a bunch of qualities, as a company, that put it in a different class from CBD and CCF. If you were going to have a couple of highly speculative clean green stocks in your portfolio, I'd have KEN and CWE. However, keep in mind KEN is reliant on PPA happening, which would be a first for an Aus geothermal, and major CWE investors and board members (and boy do they have a great board), basically look a lot like philanthropists from where I'm standing.
Good company (the fellow investors) but you wouldn't want to rely on turning a profit. Meantime, I'd prefer VMT over KEN or CWE, and VMT is currently my "high risk clean tech" holding. It replaced KEN. Also worth considering CFU. But VMT is my favourite green speculative.
KEN Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
