We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
hayashi - yes, there's a price target of A$0.30cents for CAP-XX on Stockopedia. This works out at 21p. I assume Stockopedia get their price targets from analysts. If you have a subscription to Stockopedia you get access to all this. I pay £25 a month subscription to Stockopedia. I think it's well worth it.
MonkeyWizard - CAP-XX have nearly A$4m in cash. A$0.5m plus the A$3.1m received in January 2021 for the R& D Tax rebate. No placing needed. CAP-XX have plenty of cash.
When you put it like that .... transforming the company during a global pandemic .... and growing by 26% .... fair play AK & Cap-xx ??
Does Stockopedia have price targets?
what a relief thats all over, almost. covid, winter, factory relocation, should be gentler from now on and their sustainable products will shoe-horn into more products. a poet may refer to the last few years as descending from jagged peaks and dark skies to the firmer plains with spring skies. some past allenby report mentioned (pretty sure) beginning with shorter runs of different products (smaller margins) to satisfy different customers, hence H2 rev forecast?
I too noticed ambiguity on subject of infringements. There're 40 comps globally, almost half in China. Elna (japan) sells a few on mouser.
goldust88 - the figures have been pretty tiny for some time.
It's the purchase of the Murata automated production lines that will change these figures. CAP-XX had only a very small manufacturing unit in Malaysia until they bought Murata's automated production lines. It is this expansion that will transform CAP-XX into a larger manufacturing business with the potential to reinvest their profits into growing the manufacturing even further.
Book recommendation from Paul Scott who writes for Small Cap Value Report for Stockopedia. Paul Scott was a Finance Director for a UK clothing retailer before leaving to become a personal investor and write for the likes of the Small Cap Value Report:-
"I’ve been strongly influenced by a superb book that I’m reading at the moment, recommended by a reader, sorry I’ve forgotten who, or I would have mentioned you. It’s called 100 Baggers, by Christopher Mayer, and although I’ve only read 8 chapters so far, have found it full of brilliant insights. Without spoiling the book for you, which I highly recommend, his key point is that history shows that 100-bagger shares are often entrepreneurial, high growth businesses (with a very long growth runway ahead of them), have a high ROE, and great management (who hold lots of shares personally).
Investors who have 100-baggers are the ones who buy, and then do nothing. Just buy & hold for 10+ years. It's also a very easy strategy to follow!
He recommends having at least some of your portfolio in a "coffee can" portfolio - which in 20th century America was used by people to store their valuables, in a coffee can. After their death, relatives would apparently find the deceased person's coffee can, containing some long-forgotten stock certificates, one or two of which would be massive multibaggers.
It strikes me that G4M almost perfectly fits the bill for a potential 100 bagger (from its original float price, maybe not from today’s price!). Hence I've put it in the "coffee can" part of my portfolio, along with Boohoo (LON:BOO) and Volex (LON:VLX) . These are shares I don't intend selling ever, unless something serious goes wrong with the fundamental case. But even then, Mayer suggests you should look through bad news, and even be prepared to absorb drawdowns of as much as 50-80% which occur with most 100-baggers."
I know this doesn't mention CAP-XX. Paul Scott doesn't cover CAP-XX because it's a business he doesn't understand. Just thought you might like to read this and think about it.
Just imagine if I'd put my Asos shares in a coffee can years ago! I bought 500,000 Asos shares at about 4p (the all-time low), and sold them a few months later, thinking I'd been terribly clever, more than doubling my money, a profit of £25k, selling at 9p. Those shares would now be worth £29m."
After todays RNS I honestly feel it will go lower from here unless AK springs another surprise my 7p target looks imminent.
Well lets see what the figures are in pounds
"Total Sales Revenue of A$2.1 million (2019: A$1.9 million) up 10%--only equals £1.17 million pounds
Product Revenue of A$1.7 million (2019: A$1.4 million) is up 26%"-only equals £ .0 95 million pounds
Pretty tiny
even double that is small !
OS lets not have another argument! Is not 3p to 14.5p a 'surge'? or even 1.9p to 10p....CPX shares have done very well....they are now taking a well-earned breather whilst the fly-by-nights who were ramping this to smithereens at 12-14p move on because we havent settled with tesla or .... found the cure for cancer or....there is nothing wrong with today's numbers, equally there isn't anything to hang your hat on to get all excited...you either believe this company is on the cusp, as discussed before, of making REAL MONEY THIS YEAR (I do) or you feel its another maybe / possibilities report. Murata factory has been operating for 3 months. They have more demand than they can fill. They even gave us E-peas. Stock is cheap from here to 8p, and too cheap below that and fair value above 15p until the numbers are proven. But please don't say 'same old' with this stock!
Plus CAP-XX have nearly A$4m cash with A$0.5m plus the A$3.1m R & D tax rebate received in January 2021 stated as follows in the Half Year Interim Results out today as follows:-
"Cash reserves at the end of December 2020 were A$0.5 million which does not include the proceeds of the R&D Tax Rebate of A$3.1 million received in January 2021"
Some more reminders from Interim Results out today:-
"Total Sales Revenue of A$2.1 million (2019: A$1.9 million) up 10%
Product Revenue of A$1.7 million (2019: A$1.4 million) is up 26%"
This was during Covid-19 and whilst trying to commission Murata's automated production lines.
A reminder from the Interim Results out today;-
" Order book double the level as at the same time last year driven by IoT markets. Customer demand building. Potential demand already exceeds annual capacity"
What happened re the predicted surge on results? I know lets blame the MMs. I'll be a 100 before this takes off
I have lists of shares and one thing that stands out for me is the LOW market cap here. Obviously that's somewhat subjective. News on a new licence or the legals could drop at any time. I think more RNS Reach likely as well like the epeas/Epi one from a week or so ago.
Exactly noix, these are only the half year results for six months from 1 July 2020 to 31 December 2020. It's the final results from 1 January 2021 to 30 June 2021 that will count. The order book has already doubled from January 2021 compared to January 2020.
golddust
In a way the interims were largely irrelevant because the headline figures were obvioysly in the past.
This was one of the key passages to focus upon, which is all about the future, recognising that the new production lines have only been operating for a very short period of time :
" Order book double the level as at the same time last year driven by IoT markets. Customer demand building. Potential demand already exceeds annual capacity"
On that basis one could/should/would expect annual turnover of around A$8 million financial this year and with a fait wing hopefully more.
goldlust88 - CAP-XX can invest their profits from the purchase of the Murata automated production lines to increase future manufacturing.
Well no news today really and the next court case miles away, so I think we are in for a slow period for quite a while.
Market cap is quite high and probably the company won't be profitable till next year.
Although the product is excellent I'm selling as I think price will drift down for quite a while and its possible no cash will arrive from ioxus case soon, if at all. To keep growing they will need to increase manufacturing ability and that could need more cash!
I guess so Kencarv ......... 4 years ago we had one order, 3 years ago it doubled 2 years ago it doubled again and this year its double again lol ! Keep doubling and one day that Pound Pound party will be in full swing! GLA
THANKS Peoplepower1 Your advice is sometimes the most sound and valid of all posts on this board! Todays I think is irafutable !
Sarnie.. I can only assume it's the use of words like 'potential' and 'our order book is twice as big as last year' which has been said in every single RNS I've seen from cap-xx since holding, but a lack of real transformative revenue growth.
We all know that's just around the corner - so here we are... 6 to 12 months now for them to whip the horse and get things full steam ahead and realise the potential.
All the piece of the jigsaw are there..
Potential is there as we can see and we all know that the market for supercapacitiors is only going in one direction over the next 10 to 20 years. With regards to the drop in share price, this is an opportunity to purchase more with a greater confidence in the longterm outlook.
Sarniashare - the best way to overcome that kind of depressed feeling is to eat 4 squares of a bar of Lindt 100% cocoa or 85% cocoa dark chocolate. It tastes bitter. However, it's well worth the effort for the happiness you feel after eating it.
(* kind of depressed) ;-0