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Latest update sounds reasonably promising. As long as the controls modification and shutdown procedure doesn't open another can of worms. Delivery in early 2024 would be a welcome relief but will still require careful monitoring to prove in-field lifetime performance and reliability. I hope it triggers a surge in orders.
ATOM seems to be doing well. They are a major customer.
We're up 10% in a week, anyone know why??
Trendline drawn up from 19/4/23, closely intersects with recent sp, low at 23. Bullish, buy, with stop below low of 23. Decent chance of taking out recent high, to approach preceding high. Average traded volume over 5 days is £8,500, and standard safety rule is not to invest more than 20%, of average volume, meaning £8,500 @ 20%= £1,700 maximum investment. Remember every share transaction has to match equal amount of buyers and sellers. A very large position, could be difficult to sell, in a lightly traded equity.
From the original RNS below. Hopefully the money CPH2 managed to keep from the original deal still provides significantly increase(d) revenue and they won't end up having to pay it back. Fingers crossed the lawyers know what they're doing.
Under the agreement, CPH2 will receive an upfront licence fee, and thereafter, a technology fee per unit, followed by service and maintenance licences during the unit's life. The upfront licence fee is expected to be received in full by the end of the current financial year and to be recognised as revenue over the life of the contract.
The licensing of the CPH2 proprietary technology offers the Company the potential to significantly increase revenue in the short term without the need for additional capital expenditure. Given the business model's potential low cost and short lead time, the Directors believe it is an ideal opportunity to establish market share and improve market penetration on a global basis by using the high margin, low capex licencing strategy to fund further R&D.
Doesn't seem to have done too much damage to the share price. Don't know the details of the deal though.
Good news for ATOME today with funding… CPH2 seem very closely partnered with them, so hopefully that is good news for us too
Seen a few of these “unknown” orders of high volumes. Would be nice to know if they were buy or sell orders. Stock has stayed consistent around 26-28p for the past couple of days. Will be interesting to see what happens over the next month. Long-term gain I think this could be a big prospect.
They are late reported from Friday afternoon, LSE always* mark delayed publication / historical trades as unknown. They would have been marked as sells if reported on time on Friday as below mid-price then.
* I say always only because I have never seen any different in the last 2 years or so.
Anybody here claim those? Appear to be lowly priced but marked as 'unknown'
Seems to be struggling to hold at the 30p level
On ask now.....very good start today ....i other gem CSFS doing well today worth a look
Taken out...nice looking for a strong finish
I’m expecting news this week after todays price action. Maybe rekindling of the Octopus relationship but who knows (somebody obviously does).
A very welcome step up in the price today. I can't see any particular direct news driving it. Just delayed reaction from the recent positive presentation perhaps? Maybe people just getting back to work and their investments after maximising their holiday allocation absorbing two consecutive long weekends??
PDM selling is not a good sign as it implies lack of confidence in the company and will as in this case lower the SP. The reasons for the large sale have been explained in RNS and in fact the JD holding has increased. Some largish sales today also undermine any expected SP recovery.
When CPH2 get the issues sorted and the orders fulfilled it should showcase the company. In the meantime there still seems to be a technology risk. Probably a good time to buy in H1 as success in hydrogen production would be mean lift off. Reassuring to note that cash position is still very good and will see the company through next 18 months by when revenue should be rising steeply.
Pdm dealing a good or bad thing
To sum this up it’s jam tomorrow but the cooking of the jam will not be rushed. If the jam is cooked to perfection CPH2 will need the most enormous jam jar ever made. I’ll be dreaming jam every night from now on
Thanks both for the detail
I had hoped to listen in but couldn’t,
Did skim the slides but felt I’d probably missed extra info
Hopefully all in all a pretty solid foundation which they hope to now finish the product and commercialise at scale
Great points wetherboy.
Andrew, you can also download the presentation slides from the CPH2 website. The actual presentation part very closely followed the slides, although the general tone was one of high enthusiasm. The cautionary tone came toward the end, simply to say that the growth should be big, but should also be steady, i.e. don't expect a decades growth in 6 months. Lifting smkr's post below, that's essentially what happened in 2019/2020, investors priced in 10 years of growth in two years and then got disappointed when the revenue didn't show.