I think you're right Greggsy. Although my affection for CNM has...

I think you're right Greggsy. Although my affection for CNM has grown to the point where i smile at "CNM" numberplates (surely the No.1 warning you have become emotionally involved with a stock!), I'm happy with the change. Not sure why it couldnt have been "CETO Wave Energy", but I guess they were after continuity.

I have to say, I think the name change has to do with the future development of CETO wave farms in the US and the possible name issues with the established and internationally recognised US "Carnegie Corporation". The US seems to finally be getting it's convoluted regulatory system worked out for wave energy, and Burns had a lot of positive things to say about the US at the last AGM. There is a ready made vehicle for investment through Enxco, EDF EN's subsidiary in the US (http://www.enxco.com/) and we have heard precious little about the US, which makes me think something must be going on in the background.