COZ commodities group limited

HiCOZ gets a mention in the latest (i.e. July) AFR Smart...

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    Hi
    COZ gets a mention in the latest (i.e. July) AFR Smart Investor magazine. See page 49 for a feature on environmental stocks including BBW, ENE, TPI and UXC.

    Text on COZ reads:

    "CO2 Group -
    It's no coincidence that a week after the federal budget, CO2 Group's (COZ) share price was up more than 20 per cent.
    Keen to use the budget to assert its
    green credentials, the federal government announced that costs associated with the establishment of carbon sink forests would be fully tax-deductible.
    Among Australia's listed companies, CO2 Group was an obvious beneficiary. It plants mallee eucalyptus trees to earn carbon credits, which can be sold to other organisations that want to offset their carbon emissions.
    CO2 Group is still a small company, with a market capitalisation of less than $100 million. The budget move, however, could be the first of many regulatory changes that play into its hands, especially in an election year with the environment a key battleground. The government has already reversed its longstanding opposition and announced plans for a national carbon emissions trading scheme.
    The scheme will not get off the ground until 2012 under the Howard government plan, but Portfolio Partners fund manager Amanda McCluskey says the focus on carbon trading is good for CO2 Group. The stock's price has already doubled in a year, however, McCluskey says more gains for companies involved in carbon trading could be on the cards, especially if they're bolstered by regulatory advances." End.
 
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