The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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You would think that if they needed batteries to store some of the excess energy it will no doubt produce on some days, that they would have already got them in place by now.
After all we’d all be paying for them through the wind levies imposed on us all through our bills.
I think we’ll get there eventually but not in UK first
Https://www.telegraph.co.uk/business/2023/10/10/largest-wind-farm-world-start-supply-electricity-britain/
Batteries needed!
In the last week or two, we’ve seen a number of substantially bigger trades in size and I can’t remember the last time I saw such trades. Clearly some significant positioning going on as that’s not day traders IMHO! GLA
Hello, a bit more of the same from yesterday and this is looking interesting.
Let's hope it climbs above the 50p and stays there through December so we can collect on those outstanding warrants and get some fresh cash injection into the business. If they get that and can turn a few more of those base case pipeline opportunites into confirmed sales then 2024 would be satisfied. Fingers crossed.
Definitely and I reckon it’s linked to whoever picked up 5million shares a week or so ago. I was sure share price was held back for those trades and this may be a continuation of that. If those large trades are by the same party then they will soon have to show their hand with a holding RNS.
Hoping they let the SP go asap, should have easily gone back through 50p on DoE news IMO
Looking at the last few trades today and the sp behaviour this week, does anyone else get the feeling it was walked down then back up for some reason perhaps connected to these trades?
I agree Richard. A positive RNS and the SP drops. Makes perfect sense.
This RNS further cements the relationship IES is building with entities in Taiwan. They are obviously in a hurry to get lots of storage quickly in to the Taiwanese infrastructure and have a big target for 2025. I note that the units will be shopped this year with a probable commissioning Q1 2024 IMHO. These guys don't hang around and I wouldn't be surprised to see all the testing and validation done in H1 2024, just in time for Mistral to be formally launched.
I can't believe that Everdura and the National Laboratory haven't been talking and comparing notes. It's interesting that VS3 has been chosen by the National Laboratory. My reading is that they can get their hands on the units quickly, more quickly than Mistral by some way, and they need speed of evaluation and installation as part of their goal to get 27GW in to the system by 2025. That's a tight schedule.
It's the 'all around the world' nature of the sales that's capturing my imagination. Prove it works in practice and then there will be no stopping.
There was a time when a sale (any sale!) would have half a dozen comments and cheers from investors. Now, it hardly merits comment. I take this as a sign of strength rather than apathy and the simple fact that sales are becoming so common place that they are virtually, literally, unremarkable.
Schroders bought in heavily around the first placing in late 2021 at what must have been around a 170p average and then after the placing at 175p they were sat on 25% ownership. Since then they have I think taken part in the placing at 100p and the placing at 32p, with dilution taking their overall holding down to 22.2% and then down to 21.97% recently.
They will have reduced their average from 170ish sure but from my rough estimates I would think their average is still well above 100p.
Did Schroders not take meaningfully part in the open offer at 32 p ish earlier this year too.. brought their average way down .. and that offer was at a very lowly price versus those 175p and 100p ones, alas.. and generally this remains an extremely tricky share to be in for most medium term investors here.. as in way under water, unfortunately.. but here's hoping for a bright future here
I accept that the market has a long memory but surely investors must see that IES is a different animal now. The have just received funding form the DOE and they have received orders and made deliveries. This is nothing like the old REDT days! But it seems that investors want profits now, not in 12 or 24 months, and they also get very nervous about requirement for future funding and scared of potential dilution.
I certainly hear you sahid but I also take comfort in that institutional support IES continues to see. Take Schroders, they built the majority of their holding at the back end of 2020, with the share price well above 150p as well as taking a large amount in the placing at 175p. Despite the share price collapse since they have maintained their holding at 22% and evidently have confidence in this coming good in the coming years.
Been a long time coming but it does finally feel like the inflection point is just around the corner.
Piltick, like you I have tremendous hope and optimism for IES but to answer your question, the market has a very long memory. Anyone invested here since the Camco and then Redt days will tell you we were getting regular RNS' in the same vain every month or so. Same hopes and aspirations, Grid Balancing etc etc, but nothing happened apart from each of those Companies went steadily broke. I really hope that the same doesn't happen here, but small companies addressing
huge markets often run short of cash as timescales are extremely hard to predict with any accuracy. I have no doubt that if and when orders for Grid Balancing and Micro-Grids really start to roll IES will become part of a very large company, probably Siemens. I just hope that they can hold on for a few years so that us longs can get some return for our patience.
How can the SP go down after a presentation like yesterday's?
The sector, the size of the opportunity, the first mover advantage... but the cherry on the cake is Larry and Matt - couldn't ask for two more impressive people to be spearheading a business like this.
Amazingly positive presentation, so much going on in one of the buzziest and rapidly growing sectors globally.
If you do only one thing listen from 12:30 on what Jonathon has to say about strategic investors... it's plainly obvious we're going to see a big announcement on this front soon.
Https://invinity.com/wp-content/uploads/2023/09/Invinity-Planet-MicroCap-Presentation-Sept-2023.pdf
Go and watch the video. This is going to be big IMHO.
Https://twitter.com/NetZeroWatch/status/1707410743727972580/photo/1
Shouldn't worry guys, this is just the inevitable drop after a day of good news when day traders jumped on and are now taking profits. What will be interesting is how much further it falls from now. I would expect it to be very reluctant to drop much further. The good news just keeps on coming and Larry said a while ago that most of the company's deals come in the final part of the year historically and we've still got three months to go.
For the warrant holders to convert at 50p we’ll probably need to see the SP a fair bit higher than that - still plenty of time for that to happen though.
I really thought it might have stayed above 50p, in which case the warrants would have provided the funding needed in the short turn. Unfortunately this doesn't look like it's going to happen. Therefore in AIM logic: More orders equals need for funding.
Down we go again :(
Not selling (I know from experience I'm a rubbish trader.) but I certainly won't be looking for something to sell so I can top up yet.
It’s simply not worth holding AIM these days on a 10-20% shift. It’s just an extension of a gambling app.