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Sushi - you clearly haven't been following the story here. Looks like you are shooting from the hip due to your extensive range of stock interests. The demand for this product is so huge that the company needs to make a step change in its financial model. They may well need to raise funds as HarChris mentions, and the important question is how they will do it. However, this is the future of energy storage unfolding in front of us. Wait for forthcoming anouncement.
Yes another fundraise coming up although it's intimated that it will be a big partner coming on board so ideally all shares will be taken up by a partner or two and perhaps the directors digging deep into their pockets. Plus some debt financing to add into the mix.
That's about the best we can hope for - if it's a bog standard placing with retail involved it'll be disappointing.
From what is reported on this site below on director holdings it is damn low. Not sure how correct it is but it seems the director's actually own so few shares, it is diabolical. Obviously they are not confident in the business doing well or they would hold more. Seems a long time ago they bought shares and nothing since.
Kept afloat by fundraising and selling shares. Nothing is going to change. it costs more to make their equipment than the money they make in profit.
Downward spiral. Shame the batteries are good. Just cost too much to make. Like the EV industry on the whole there is a big pull back. Anther fundraise?
If you are ‘assured’ Lamps56 it will be interesting to see how this goes then…
I hope it doesn’t end up being taken out, I just have a feeling it will!
I have been in and out of this share since Redt days - even went to a one of the AGM’s!
I have been in and out over the years as things kept changing and I have mainly timed my purchases and sells pretty well so far…
I have a considerable holding in IES so I really don’t mind what happens as long as it’s positive TBH!
Grrshaw: I sense some poorly veiled sarcasm there, but we long term shareholders are only expressing frustration about events over which we have no control. I am assured, however, that talk of a takeover is utter b*llocks.
IES can only be sold with a said majority shareholder approval if and when any bid were to materialise but unless some ridiculously incredible offer were to be made after a strategic partnership is announced, I just don’t see why majority shareholders would approve takeover given the tremendous potential ahead of IES but ‘nobody knows what tomorrow will bring’!
Keep it up Lamps56 and please provide more insight to the share price movements, we need all the help we can get here :-)
Personally, I have a feeling IES will be taken over - hope I'm wrong, but at this price, its a steal for a US based company to steal this from under all our noses!
And as soon as I said the SP was frozen, up it goes, with significantly lower volume than the last few days. Feeling like a mushroom.
There is a very determined buyer that is slowly bidding this up now - perhaps someone with an inside track of the deal being lined up?
You should try being invested here for 8 years!!!!!!!! Hold for gold, investors will be well rewarded here long term and particularly those who have got on board at these incredibly low levels IMO
So clearly this SP has been frozen at 23.75, presumably to shape an imminent II deal.Doesn’t seem very fair to the PIs who have invested over the past week or so.
Thank you Doyezee. Many thanks for your post.
Nobody knows what will happen immediately after partnership news is announced or in the very short term but it is envisaged (and very much hoped!) that the sp will rise significantly. Depends on what debt/dilution company takes on offset against what the positive impact on future sales/revenues the strategic partner(s) will bring
I get alot of advice from my dad who has been in BMN for many years and that's it
Your posting history belies that declaration.
Just wondering as a very inexperienced newbie investor in my late teens I was wondering where will this settle once news of partnership arrive?
Thank you
Over £300k today, so that’s over half a million quid in two days with no significant effect on the SP.
Interesting observation Lamps.. thanks
Similar large size buying /selling both days immediately after this latest funding update RNS.. and that size way way above the usual daily size traded too..
I'm not seeing equiv big sells listed so far ?... So a big block sell being worked in the background seemingly indeed ..
I'll wildly guess one Institutional buyer and one Institutional seller.. and buyer and seller know each other intentions upfront .. and it in some way related to the Investment funding solution that will hopefully be announced by Ies.l in a few weeks time..
But why wouldn't their brokers do one off exchange block transaction and just report that once completed... makes me wonder if I'm off with some or all of the above guess.. so I've little clue really/probably
That’s 200k sterling, to be clear.
200k of Buys in the first hour and no effect on the SP. The seller in waiting must be casting a big shadow.
That's a lot of buys, must be a big seller exiting to keep the share price flat like this.
Quarter of a million quid in Buys today and no significant Sells. As a result the. SP is up a whopping 0.21%. What on earth is going on?
NicetoMichu, I wouldn't totally agree with your point on reducing bargaining capabilities as negotiations have supposedly been ongoing for some time now. I would hope these strategic investors will be looking at the bigger picture and not looking at making a quick profit.
With small companies that are cash strapped and full of debt already and with just RNS stating 'we are in active negotiations to raise fresh funds and restructure debt' are the ones that I worry about. Although the SP has taken a knock (not the only company to be fair!) I do feel the business fundamentals are very strong in a very high/fast growth potential global market - especially with Mistral just about to be launched to the global market as well!
Yes, the high cost and spending is a concern, but if they slowed this down tight right at this (supposedly) sweet spot, some would say they would lose potential new business.
Clearly from the RNS, they have a focused strategy on how IES will set up the new structure re Home v licencing and royalty-focussed growth programme in other markets.
Anyway, I do like some of the confidence speak...
'will materially enhance the Company's business and reputation in both the UK and internationally'
'generate significant cash flows as it grows globally'
Let's see, but I feel confident that this will be worth the wait!
I agree with harchris that the leading product/tech we have here in a hugely growing market should put us in a strong position re term for partnering/ borrowing etc.. Also no current debt, as grshaw points out, is a big plus too.
But the current cash runway being close to exhausted is an issue in a few ways here at this moment imho, including reducing bargaining capability in whatever deals they're about to strike with Investor/partner.. and perhaps lenders too..
In my mind that's the reason this hasn't rallied more off the back of yesterdays RNS.. and indeed why this s/p has performed badly in more recent times.
But I'm still very hopeful of a strong rally when Investor/ Partner etc deals are announced in a few weeks time... and I increased by bet here yesterday a bit off the back of that sentiment...and have funds ready and waiting to add again here when the big upcoming partner etc rns drops soon..