Trading Emissions Value Falls in Worst Case, Broker Says
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Trading Emissions Plc, a developer of carbon credits from projects in developing countries, may be worth 79 percent less than its current share price suggests by the end of the year under a worst-case scenario published by Mirabaud Securities LLP.
That would value the London-based company at 5 pence a share, Gus Hochschild, a Mirabaud analyst in London, said today in an e-mailed research note. The best-case outlook is 33 pence and the base-case is 23 pence a share, he said. The shares fell