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Company saved and on the up. Massive rebound in cap beckoning.
Breakeven 2026...supposedly AGAIN!
How many more shares issued between now and then?
Ever increasing sales team...more mouths to feed.
Where's the increasing sales?
Nice update looking strong letβs see .10 today up to .12.5 nice move should be in the .20 by end of week.
This will start a nice rerate now.
Excellent news!
Time to load up and make some money! 1.5p Gap to fill
Summary of the key points from the CAP-XX Limited trading update:
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Strong Current Trading: Bookings and billings are significantly ahead of last year, indicating continued demand for CAP-XX's existing products.
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Progress on New Products: Trial shipments of pre-sample new products have begun. Development costs have largely been incurred for new DMH and SMD product lines.
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Improved Financial Position: Recent fundraising has strengthened the balance sheet, allowing for investment in sales/distribution expansion and supporting the launch of new products.
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Reduced Legal Costs: Significant outstanding legal costs related to the Maxwell/Tesla litigation have been mostly resolved.
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Cost Savings: Implemented cost-cutting measures have achieved US$0.5 million+ in annualised savings.
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Positive Outlook: The overall report suggests a positive trajectory with healthy demand, new product development on track, and an improved financial position.
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Sales Expansion: Investment in sales and distribution should fuel further growth for existing product lines.
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New Product Promise: DMH and SMD product launches, planned for 2025 and 2026 respectively, could significantly boost revenue.
Investor Confidence: The company's improved cost management and clearer path to profitability should build investor confidence.
Capital Markets Seminar: The upcoming seminar will provide investors with an in-depth look into the company's products, market strategy, and future direction.
Crapxx = what a joke
0.5 it is then...
Not much encouragement for LTHs but for newbies the likely SP could provide a trading opportunity imo....
What happened to the exciting news to soon be announced
And thatβs not even nailed on. Good god that hardly inspires investors! IMHO DYOR
βThe target for breakeven remains in the 2026 calendar year, assuming billings maintain their current growth trend. This is being supported by the recent investment in CAP-XX's international direct sales and marketing, the expansion of the distributor network, together with design wins and billings from our new product families, DMH and SMD, which will contribute in 2025 and 2026 respectively.β
Hardly worth posting was it π€¦
Ah well down she goes some more
Well if that RNS was designed to encourage buys to churn through the Placing shares I think its failed!
Nothing new....
CAP-XX Limited
("CAP-XX" or the "Company")
Trading update
CAP-XX Limited, a world leader in the design and manufacture of supercapacitors and energy management systems, provides the following update.
Following the successful completion of the recent fundraise, the Board is pleased to announce that current trading on existing products remains strong, in line with management forecasts, and trial shipments of pre-samples of new product have recently commenced. Bookings and billings are 14% and 56% ahead respectively for the year to date compared to the comparative period in 2023, along with a current book to bill ratio of 1.12. The order backlog remains strong at close to US$1 million.
As previously stated, the proceeds from the fundraise are being used to improve the Company's financial position and provide working capital for investment. Key areas for investment include the continued expansion of the sales representative and distribution network, and working capital for the market introduction of the new DMH and SMD products. The vast bulk of the development costs of the latter has already been incurred, although some final commissioning of the DMH production line remains. An initial pre-series batch of fully functional DMH product is currently under lab evaluation and SMD testing remains on track. In addition, the Company expects to announce further patents during the next three months.
The Board considers that, apart from the final settlement of legal costs associated with the Maxwell/Tesla litigation, which it does not consider material, the only remaining payments for legal costs will be normal ongoing corporate legal expenses, including, for example, those associated with applications for patents.
In addition, the Company has implemented a comprehensive cost reduction program, which has delivered annualised operating cost savings in excess of US$0.5 million, and is expected to ensure that CAP-XX successfully overcomes its recent challenging phase.
The target for breakeven remains in the 2026 calendar year, assuming billings maintain their current growth trend. This is being supported by the recent investment in CAP-XX's international direct sales and marketing, the expansion of the distributor network, together with design wins and billings from our new product families, DMH and SMD, which will contribute in 2025 and 2026 respectively.
Following the conclusion of the financial year ending 30 June 2024, CAP-XX intends to provide a comprehensive update to investors on products and markets and corporate strategy at a Capital Markets seminar, which will be hosted on-line, details of which will be issued in due course.
Lars Stegmann, Chief Executive of CAP-XX, said "I'd like to thank our shareholders for their continued support. We look forward to the next exciting phase for the Company, as we prepare for our new product launches, supported by a strengthening sales and distribut
Poshify, you been living in a cave the last few months?
Delaware Court dismissed copyright infringement case brought by Cap-XX against Maxwell. Loser pays court costs as I understand it.
Fair play Roger a pretty balanced response let's hope you're wrong but I can see recent SP demise so you have reason to be miffed. I hope you can make up the losses elsewhere
Keeping an eye on this summers, that's all. I'm currently out as I don't trust the management. If however they DO actually share some positive announcements then it will come as a pleasant surprise and I will put my Β£7.6k back in in order to try and recover at least some of my former losses here. I'll never get it all back but even if a few Β£k back I'd be slightly less miffed than I currently am.
As it is I don't think Lars has been entirely honest about this Maxwell business and still think there's going to be a bit of a nasty shock for share holders that might land out of the blue. THat's why I'm keen to see this latest issue from the US courts. He's a slippery character this CEO so be very careful here. Absolutely not one to put the kitchen sink into imo.
Hey Roger I thought you sold up no ? It's a beautiful sunny Sunday and your in here , are you ok ?
Crowfoot - I canβt access the file from 3rd May 2024
Would you mind telling us whatβs in it please? Tks
I'm with MMA99 on this one, I'd like to understand your naive comment as well. So come on.
Ha thanks Harrison, maybe I am ;) why so though mate ? Explain
Harrison that's out of order calling summers naive. Sorry if the rest of us are too thick to understamd the mechanics of what's going on here - perhaps you would be kind enough to enlighten us?
Sorry if this has already been discussed... GLA
https://www.docketbird.com/court-cases/Cap-Xx-Ltd-v-Maxwell-Technologies-Inc/ded-1:2019-cv-01733?utm_source=frozen_email&utm_medium=email&utm_campaign=np_public_user_following&utm_content=following&db_uid=87c836a3-2f25-4eea-8451-09f383ca0478
Come out next week and our investment flys with the nautical deals for example
Be interesting so see next weekβs TR1βs. A lot of trades printed in red were buys so itβs hard to tell whatβs going on. Still a steal at this price. Wish I had more to put in.
Let's say you were able to borrow part or even all of a placement at a massive discount, pump the price, forward sell it straight away at that price, then short the stock as the issue process takes place, all the while taking transaction fees. Would be like printing your own 20s in the garage