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company does nothing to help its snakes and ladders share price.
sounds grounded & sensible... ...the joy of this share is occasional bouts of enthusiasm, but yr post helps keeps it real...for a while (but will probably be fairly quickly forgotten lol)
£50M that's sporty! :-) From the limited research I have done there are a lot of people chasing the vanadium flow battery market, Gildermister seem to have been around the longest with working systems and appear to be the most advanced from a market presence perspective... REDT are definitely ahead of most of the pack, but the basic vanadium flow tech is no secret... Until REDT have deployed the first units the company is not worth anywhere near £50Mn (IMHO)... Once the REDT tech is proven etc... Then maybe a valuation of around £20Mn to £30Mn but I would say that's a few years away.
Not sure if the following sheds any more light than previously discussed on this forum... I met some of the REDT team at the Energy Storage Event/Intersolar - Munich a few weeks back and this is what they had to say... Had a good chat with Sir John and Chris (Sales Director) of REDT, both very knowledgeable guys who have a lot of experience... Got some great insight into the Gigha and SA system via the case studies that I was given. The supply and implementation of the Gigha System, SA Eco Hotel system & the 10 customer production units will be taking place in Q4 2015... The first small systems appear to have been already allocated with maybe only a few smaller systems still available (this aligns with Scott - CEO's announcements of 5 units committed back in Jan + the green acorn unit) so I would estimate any new orders will be after the first batch of units are made... So if the existing commitments are all being delivered in Q4 what is availability on new orders... Are we talking Q1 2016... As for pricing, the Sales Director said it's very much application specific and the amount of energy storage makes a huge difference in the price per kWh. I pushed for an indication and was given a price of $1000.00 per kWh for a typical system... As I have said before IMHO price and availability are key...
To be honest I have no idea, but I'm sure it's at a significant premium to the current market cap, I've a feeling REDT have at least a couple of years jump on the competition, and I reckon it'd be cheaper to buy REDT outright than bother designing, developing and manufacturing your own product, it would probably cost less to buy REDT, and how many here would vote against a £50m bid?, not many GLA
I agree with you but what is the value of the patent in reality has to be more than £50m what do you think the minimum it is worth? Does the patient stop any one make something similar?
Can you imagine the clamour for this product if it had Tesla or Siemens emblazoned on the side? With this in mind it would not be surprising if REDT gets bought out before we see any progress, if Siemens / Mitsubishi / Daewoo / Alstom etc stumped up £50m for them it would be barely noticed on their balance sheets, exactly what is the value that can be placed on the patented intellectual property on this product? All the traditional tricky work is pretty much done, marketing and selling is the tricky part for small caps like Camco, Siemens et al's products sell themselves so to speak GLA
I'm rarely optimistic, but Betamax was not any cheaper to run than VHS, it's the economics of storage that should be the winning formula. Most of the customers will be duty bound to choose the most cost effective / cost efficient energy storage solution, and I understand that is Vanadium Redox, if video players had have had running costs and Betamax was more efficient than VHS, be under no doubt that nobody would have heard of VHS today GLA
I recall VHS and Betamax as an example one was technically better but lost the battle.
Hi I do not look for short-term fixes but long-term potential in a company. I believe in the technology - what I do not want to happen is years and years of dragging our heels trying to make the best product for someone else to bring out a product and capitalise on The market space which we should be doing with our technology. Tesla has just released a domestic battery pack. there are far bigger companies out there with far more resources than us that could bring out large-scale battery packs that would probably not be the same or better than ours and would have more issues Long term but could have a sticker saying Panasonic or Sony or Apple on them. i agree design a product, test it and make sure it works then publicise, show off and sell it and become an Apple a Sony or a Panasonic. The Company continues to not keep to deadlines and do not inform us why. This doesn't builds trust and confidence. if there are delays tell us there is a delay and tell us that you're fixing it so we do not make assumptions.
Graham, I think they have told us that the design changes have been ongoing and therefore you can't certificate, etc a product until it is fully designed and built. It is quite simple the product works, but Jabil and REDT have been working on reducing the size and manufacturing costs. It will not sell if it can't be set at the right price point, this has been ongoing throughout the year and I am glad, as we need it to be as lean as possible before production starts in earnest. There is no point going with design 1, when 1.1 and 1.2 are cheaper and easier to produce, when 1.3 is more efficient, when 1.4 saves even more space and can have it's output increased if necessary. These are all things happening as we go along, they may as well tweak the design as they go to get the optimum product at the end. It may take a little longer but will increase margin, attractiveness to client and will mean the changes don't have to be made to production down the line, when they have produced dozens of mark 1 units that are already outmoded. I would be rather worried if so soon after the Jabil tie up they have come up with their final design, this at least shows they are still trying to innovate the design to make it the best it can be. That ultimately will be the decider of whether this will be a success or not.
If there is a delay then inform us. Only mushrooms grow in the dark not share prices.
2014: o Q3 complete detailed design of the optimised product range o Q4 commence production of Gigha containerised units and 10 customer production units o Q4 Jabil manufacturing quality control review · 2015: o Q1 CE certification and electrical testing o Q1 deliver first customer production units 5-30kWh systems o Q2 install Gigha 1.26MWh system Scott McGregor, CEO of Camcosaid, "Our REDT team has made great progress over the past few months working in partnership with Jabil with significant results already delivered. The production optimised design has resulted in an initial estimated 40% cost reduction and a 2/3 reduction in the physical size of the system. These will provide real benefits to our customers as we commence our sales and marketing prog
Great post Trout. Too many short term investors in the UK do not understand the complexity of ground breaking technical companies. Tesla have nailed their lithium offering to the mast, CCE have nailed their Vanadium which is considered by most qualified experts the better long term choice because of longevity and safety.
It would seem that too many here haven't done their research, or if they have, haven't taken things onboard. REDT's very clear stated aim is to get the equipment for the 10 pilot products, built, certificated and through electrical testing. So quite why people think that having been told that under a month ago they should be sending out equipment here there and everwhere and taking lots of orders. Certification and testing take time and need to be thorough as when they start to deliver units any problems will be a huge dent to confidence in the product. Having garnered lots of interest, it is important to make sure that everything is 100% correct before shipping units out, also all equipment has to go through certification and that takes time. Also the bemoaning of news, or lack of it, is amusing as the CFO bought some shares after the results, there was really no chance of any material news for a period of a few weeks after that purchase. As for a placing, well the recent offset credit sale should help with finance at the moment and statements of a strategic review of US carbon business, suggest a sale of that could be on the cards to concentrate solely on REDT and African consultancy work, which will be a conduit into the continent for REDT products. The reality is that the some traders have now sold out and are looking to re-enter lower, they did so at close to the recent highs, following them now it has dropped to the bottom of the rising price channel isn't very sensible, yes it might go lower but not much and looking upwards there is far more to be made that way to the top of the price channel. One poster on another BB has sold over 1m shares partly because of Greece fears but also has always traded the range here at CCE. Looking at the chart and the rise (zig zagging from February this year), it would seem a bounce is very possible from these levels. What is known is there are 8 pilot projects that we don't know the detail of yet, there have been other orders from early adopters, REDT and Green Acorn are doing a lot of marketing/PR. Potential for other consultancy work in Africa and also for news from US review. So stop being despondent because the traders have sold out, remember a lot of the rises are because they buy in. Have a look at CCE, the current SP the potential going forward both negative and positive and then make your decisions. Don't do it just because of what a handful of people on a BB state, they will only be talking their book anyway. This is the Summer time and traditionally people relax a little during the upcoming holiday period, so make sure you are able to do so, make your decisions and sit back and relax a little. If you want a quick fix try horse racing.
Hi some one needs to tell the team to look at how AFC keep share holders up to date with pics and news get your act together no news is not good news
"RedT is world leader in advanced vanadium redox battery technology..." http://www.meehangreene.com/storage.html
Hope all is well ...as GW says, it is quite predictable..or at least has been over past 18 months or so lol... ...I can rationalise the experience (hopes are always sufficient to fuel surges/spikes towards 8p...reality/threat of placings is ever present to deflate to 3-4p)...but really not bother by ex post reasoning...my trades have worked and (based on buying in 1-2p range when this BB was eerily quiet), I am merrily adding to my cashed out profit by periodic swing trading ..other fav targets for swing trading incl AAU and UVEL (well for a while until demerger) ...I just continue while it works (and stop when it stops, I guess)...just craic to amuse ...tiny exposure rel to proper grown up LT positions like DWHA, REDT etc etc
As you know i'm a massive fan of renewable energy storage and had high hopes for this technology, however they seem to be lacking in any enthusiasm to get things moving and coming across as just a typical AIM company in which they just do enough to pay wages and happy to carry out a placing every so often to top up the coffers. Not for me i'm afraid i want to invest in companies that will eventually stand on their own two feet and generate enough income to produce a profit, sadly most AIM companies are lacking. As Jolly says they are quite predictable in that it ranges from 4.5p to 7p so ideal for traders one thing i'm not.
If, despite Scott McGregor's comment on June 1 that the outlook for 2015 was very promising, you genuinely cannot see "shoots of growth" here, perhaps you should visit Specsavers... Demonstrably: The day after results, Jonathan Marren, Chief Financial Officer of the Company, promptly added 178,041 ordinary shares to his already sizeable holding. And I doubt he did so simply to pass the time.
Hoping to buy some lower, don't think we'll be getting news for a while GLA
Are you trading this on any technicals or just it's historical range? Seems to have support around 5p but the final results are hiding poor growth in my view, reduced losses largely down to cutting admin, meanwhile borrowings are up on the year before despite a sizable placing this time last year. They are still burning cash and no shoots of growth just yet.
why did you sell at 20% lower just cos of random drop?? ...I am happy trading the range here: buy c4p sell c6.5p ...but you sounded like a believer lol
A chunk of shares at 5.5p today, but the bid never reached 5.5p?
The all-energy report of May 22, 2014, mentioned before on this site, p.13 sets out progress to that date, and also gives us a glimpse of all the things that could go wrong to delay the timetable for Gigha. Just look at how many organisations have to be co-ordinated to get the storage facility on the ground and working. It must be like herding cats to manage this project, so slippage would not be surprising. I would not be surprised if we had to wait another three months for some excitement - but I'm sure it will come. Maybe from elsewhere first?